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Bullflagbreakout

TQQQ - Leveraged QQQ rising after reversal LONGOn the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in late October while forming a bull flag. The breakout in the past month suggests another leg up is underway with a potential of the same magnitude as the flagpole in the current pattern. If accurate this could lead to a price of $68 by next July or 70% higher than the present over 7 months. I will take a trade of 10 call options with a strike of $ 65.00 for a July expiration. Each time the stock price rises by $5.00 I will close one of the options yielding a tiered liquidation along the way to collect profit.
NASDAQ:TQQQLong
by AwesomeAvani
2
Triangle Accumulations: The Key to Bitcoin's BullRun?📈 Hey Crypto Enthusiasts, As we explore the fascinating history of the crypto market, we can't help but notice the recurring patterns that have paved the way for significant bull runs. In 2012, 2013, 2016, and 2019, we observed massive triangle accumulations just before explosive price surges. The question on everyone's mind is whether we'll see a similar pattern before the next bull run. 📊🚀 A History of Accumulation: In the years mentioned, the crypto market exhibited intriguing behavior. Price action formed substantial triangle accumulation patterns. These consolidations often hinted at a market preparing for a major upward move. 📈🌕 Patterns of the Past: The symmetry and persistence of these triangular formations, each preceding a significant bull run, have caught the attention of seasoned traders and crypto enthusiasts. 🧐 Will History Repeat Itself? While history doesn't always replicate, these patterns serve as compelling indicators for what might lie ahead. The crypto market remains unpredictable, but past patterns can offer valuable insights. 🌐🔍 Trading Strategy: Pattern Recognition: Keep an eye out for similar accumulation patterns in the crypto market. While not foolproof, they can provide hints about future price movements. Fundamental Analysis: Stay informed about developments, adoption, and news in the crypto space, as these can influence market sentiment. Patience and Caution: Be patient and cautious with your trading decisions. Utilize risk management techniques like stop-loss orders to protect your investments. Conclusion: The crypto market is an ever-evolving landscape, and historical patterns can serve as guides but not guarantees. While the past indicates the potential for triangle accumulations before significant bull runs, it's essential to approach the market with a balanced perspective and a well-informed strategy. The next bull run may or may not follow the same script, but being prepared and vigilant is your best strategy in the world of cryptocurrencies. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Are we forming a Bull Flag in Carvana?Hi guys! This is a quick analysis on my opinions on a current chart pattern that may be playing out in Carvana (CVNA). At first glance you can notice the formation of a Bull Flag on the 1 Week CVNA chart. As you can see we have had our Sharp price move to the Upside, almost resembling a straight line up. This is known as the Flagpole. The Volume spike seen in this move is supportive of this phase. Followed by a pause or sideways action resembling a parallelogram. Here we see diminishing Volume, which is supportive of this phase as well. This pause is to consolidate/ take a break from such a massive uptick in price during formation of the flagpole. Flag patterns are known to be one of the most reliable continuation patterns and are said to rarely lead to Reversal of Trend. Currently we are in the process, on our current Daily Candle of trying to breakout. But we are meeting with Serious Resistance, depicted by a MASSIVE Upper Wick. Ideally, i'd like to see a larger body at the close of today's candle. Could this still lead to a break out? Well one thing to check is the VOLUME. For a breakout to occur we need to see a Massive Spike in VOLUME. Which we have not seen yet. Could be warning for a test back down to the lower rim of the parallelogram. This would also lengthen the time spent in forming this pattern. Also note that Flag patterns are normally short term patterns and shuold breakout within 1 to 3 weeks, as per theory. We are currently 8 bars in on the weekly chart indicating 8 weeks of consolidation. This is Not Textbook. Which has me second guessing if this is a Bull Flag. We have so much Resistance Above us, and the massive sharp move from $3, didnt create strong market structure. This in my opinion could lead to a collapse of current move with a massive correction. Continue to monitor this. Remember to trade a Bull Flag: You must wait for a breakout with CONFIRMATION before you take positions. I would personally not take a trade inside the pattern. Watch for signs of rejection here as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CVNA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:CVNA
by SafofAllTrades
ACHV a Biotech company after earningsACHV on the 4H seems to be demonstrating a "High Bull Flag Pattern" after a big uptrend to start the year. Earnings on Thursday 3/16 were quite favorable.On the relative volume indicator Friday, May 17th showed a paradoxical huge selling volume spike to finish out this week. ( I mislabelled this as upcoming on the chart) Paradoxically, the last earnings report in November was poor but resulted in strong upward price action. The MACD histogram is at the zero line. Will ACHV resume the uptrend after earnings? Was the selling volume an institutional trader fake out to set up a lower price to buy call options? According to Tip Ranks, the analysts give ACHV a high rating with significant upside. See the link below Who knows but this may be worth watching for signs of buying volume and accumulation to fuel bullish momentum.
NASDAQ:ACHV
by AwesomeAvani
1
ZECUSDT is creating a bullflagZECUSDT had a breakout after an accumulation period, but was subsequently rejected by the daily resistance level. The rejection from the resistance level may be indicative of strong selling pressure or a lack of demand for the cryptocurrency at current prices. However, the price of ZECUSDT is currently creating a bull flag pattern. A bull flag is a technical chart pattern that occurs when the price of an asset experiences a sharp upward movement, followed by a period of consolidation with a slight downward trend. This pattern often signals that the price is poised for another upward movement, and may indicate strong demand for the asset. In order for the price of ZECUSDT to continue its upward trend, it will need to create a breakout from the bull flag pattern as well as the daily resistance level. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
10
LRCUSDT is testing the resistance inside the BullflagThe LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level. The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market. A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart. Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
KCSUSDT is testing the resistance!KCSUSDT has recently experienced an impressive breakout from a bull flag pattern. The price is currently testing a key resistance level after retesting the 0.618 Fibonacci level. The market appears ready for a potential breakout. A bull flag pattern is a technical analysis chart pattern that is characterized by a strong upward price movement, followed by a period of consolidation or sideways movement, in the form of a flag or a pennant. The pattern forms as the price of an asset makes a sharp upward move, creating a flagpole, and then enters into a period of consolidation with lower volatility and a tighter trading range, forming the flag or pennant. The bull flag pattern is considered a continuation pattern, as it suggests that the underlying bullish trend will likely continue once the period of consolidation is over and the price breaks out of the flag or pennant formation.
by InkyGrip
14
🚩 Bull Flags VS Bear Flags🚩What is a Flag Pattern? A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends. It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement. This pattern is formed as the market returns to a state of equilibrium, following a large move. The flag pattern is considered a continuation pattern, as it often indicates that the market will continue to move in the same direction as the preceding trend, once the flag breaks out. This breakout typically occurs when the price of the security breaches the upper or lower boundary of the flag, and it is usually accompanied by an increase in trading volume. 📈📉The difference between a Bull flag VS Bear flag The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend. - Downtrend vs uptrend: Bull flag and bear flag are both continuation patterns that form when the price of a stock or asset pulls back from the predominant trend in a parallel channel. - Bull flag: A bull flag is a sharp, strong volume rally of an asset or stock that portrays a positive development. - Bear flag: A bear flag is a sharp volume decline on a negative development. - Bull flag and bear flag share the same traits: Traits of Flag Patterns include support and resistant levels, flag, flag pole, breakout points and price projections. 📍Entry opportunities The most important component of any flag pattern trade is the entry. It’s generally advisable to wait for a candle to close beyond the breakout point before creating any orders to avoid being burned by a false signal. In the example above, the entries are made on a High risk - High reward mindset with stop loss bellow the flag pattern. Most traders will enter a flag pattern trade on the day after the price has broken beyond the trend line. The length of the flag pole is typically used to calculate the profit target. Even when the formation of a flag pattern is obvious, there is no guarantee that the price will move in the expected direction. As with most technical analysis, you will get the best results from flag patterns by applying them to longer-term charts as you will have more time to consider your strategy and analyze the price action. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
3
Bearish Bull FlagsBull flags are found in charts with strong uptrends and are considered continuation patterns. They form when price barely subsides as the oscillators revert downward, such that when the oscillators are ready to move up again, rapid increases in price recur. Below are some bull flags with bearish implications that suggest perhaps more economic pain is to come in the years ahead. 1. Eurodollar Futures (pictured in the chart above and below) Eurodollars are dollar-denominated accounts at foreign banks or overseas branches of American banks. Eurodollar futures lead the Fed Funds Rate. Overnight, the Eurodollar Futures broke out of a months-long consolidation pattern. This has occurred because we are in quadruple witching season. Unfortunately, the scope of this gap up is a bearish sign for risk assets and the economy more generally. If my calculation is correct, this chart suggests that the Federal Reserve must now raise rates to at least 5.5%. 2. Japanese Yen to Gold Ratio This chart shows a 20-year bull flag that formed between the Japanese Yen and gold. Decades of monetary easing have caused a profound weakening of the Japanese Yen. If this logarithmic bull flag plays out fully, it may cost millions of Yen for a single ounce of gold in the years to come. A major problem will occur if its populace begins to believe that it is no longer worth converting their labor into Yen. 3. Overnight Reverse Repurchase Agreements This chart shows what appears to be a bull pennant forming in the amount of securities that the Federal Reserve has sold via overnight reverse repurchase agreements (also known as the "repo facility", technically reverse repo in this context). To put simply, the Federal Reserve has been proliferating its use of the repo facility to try to contain inflation. This chart, which once provided little technical analysis value in the past, now seems to show a bull pennant forming. If a breakout occurs then this could suggest that inflation is continuing to spiral out of control, as they Fed is forced to vacuum more and more dollars out of the system. 4. S&P 500 vs. Nasdaq This chart shows that, after decades of the Nasdaq 100 stocks (QQQ) outperforming the broader market (S&P 500 ETF - SPY), a bull flag is now forming in the chart of their relative performance. If this bull flag pans out and SPY breaks out relative to QQQ, this would be quite bearish, especially since SPY itself is beginning to oscillate down on the higher timeframes. This could mean that as monetary tightening deflates the everything bubble , tech will remain at the forefront of the declines. 5. Commodity Prices This chart plots the Commodity Index Tracking Fund (DBC) relative to the U.S. money supply (M2SL). If commodity inflation was solely due to excessive money printing then commodity prices would generally move in a flat horizontal line relative to the money supply. However, commodity prices are moving up much higher than the money supply, which suggests that other commodity supply issues are more to blame than simply increased money supply. One can only speculate what these extraneous factors may be: War, pandemic shutdowns, deglobalization, climate change, aging and less productive population, etc. What we know for sure is that the Fed is trying to fight this inflation battle solely through monetary tightening. But can the Fed solve these larger-scale inflationary issues through monetary policy? If so, it's hard to envision its success without a major economic downturn. 6. Dollar Index Perhaps the most alarming bull flag with bearish implications is that of the dollar index. The dollar index (DXY) measures the strength of the U.S. dollar relative to certain other currencies. It appears to be forming a bull flag on its yearly chart. Bull flags that form at this high of a timeframe often signal a new supercycle or prolonged period in which the context has changed and will remain changed for years or decades to come. In this case, the context of lower and lower interest rates over the past several decades has ended. As the U.S. economy remains strong relative to much of the rest of the world, and as monetary tightening occurs in the US while less tightening or even loosening occurs in much of the rest of the world, the value of the dollar will continue to climb higher. The implications of this are profound since a highly indebted global economy may not be able to afford to service its dollar-denominated debt if the dollar rapidly strengthens. If this bull flag pans out, it may inevitably lead to a financial crisis. To learn more, you can watch this video about the Dollar Milkshake Theory : www.youtube.com If you've identified any bull flags with bearish implications please share your chart below! Feel free to leave your thoughts in the comments below, as well. If I've made an error in my analysis leave a note below.
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by SpyMasterTrades
9
$CVX GET READY FOR TAKE OFF!!!! BreakOut Bull Flag? Is Chevron (CVX) a Solid Growth Stock? 3 Reasons to Think " Yes " Zacks Equity Research April 13, 2022 CVX Trades from $1 Hide Full Article Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Chevron ( CVX - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. Here are three of the most important factors that make the stock of this oil company a great growth pick right now. Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Chevron is 2.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 82.5% this year, crushing the industry average, which calls for EPS growth of 71.7%. Cash Flow Growth Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds. Right now, year-over-year cash flow growth for Chevron is 75.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 47.7%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 9.5% over the past 3-5 years versus the industry average of 7.9%. Promising Earnings Estimate Revisions Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. There have been upward revisions in current-year earnings estimates for Chevron. The Zacks Consensus Estimate for the current year has surged 15.9% over the past month. Bottom Line Chevron has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination positions Chevron well for outperformance, so growth investors may want to bet on it.
NYSE:CVX
by clay816harris
2
1INCHUSDT is creating a bullflagThe price is creating a bullflag above the daily support on 1.86$ after a retest of 0.618 Fibonacci level. The price needs new momentum and need to create a new breakout from the 1.91$ key level How to approach? IF the price is going to have a breakout from the bull flag and 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
10
GRTUSDT is creating a bullflagThe price is creating a bull flag after a breakout from the daily resistance as I told you on the previous analysis. On 4h timeframe, the price is testing the 0.618 Fibonacci level on the daily support.. How to approach? The price needs to have a new breakout from the bullflag with volume. Be careful to the 0.43$ resistance, it's a monthly resistance. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
EGLDUSDT is creating another bullflagThe price created a triple bottom on the 129$ area on the daily timeframe and after the breakout from the weekly resistance (164$ the price had a nice bullish impulse until the daily resistance on 200$ The market is testing the static and the dynamic resistance on that level and non the 4h timeframe the price is creating a bull flag as well How to approach? Th price needs to create a new breakout from the bullflag and static resistance on 203$ and the market needs to satisfy our rules before new long position. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
XRPUSDT is creating a bullflag 🦐the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse. After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$ how to approach? I'm monitoring the price, I'd like to see a clear breakout from the bullflag. After the breakout I could see a rejection from the 0.78$, it's a monthly one. If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
14
LUNAUSDT is testing the 80$The price had a breakout from the descending channel from the daily timeframe and now the market is testing the 80$ as new resistance. On the 4h timeframe the price is creating a W pattern and we could see a retest of its neckline around 0.5 - 0.618 Fibonacci level before the new bullish impulse. How to approach? We are monitoring the price, if the market is going to have a clear breakout from the 80$ resistance and flip into new support, we can apply our rules for a new long position. If the price is going to have a retracement until 0.5 - 0.618 Fibonacci level, we can wait for a bounce a look for a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
4