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Bullflagpattern

DJI 3413.99 - 0.23 % SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
DJ:DJIShort
by PULEMokhothu
BTCUSD 1h. Bull Flag Pattern. Target 43KHi everyone, Thank you for considering reading my idea. Before reading this idea, I suggest you read my previous ideas on BTCUSD. See " Related Ideas " below. (Idea A) Inverse Head and Shoulders Idea; (Idea B) Wyckoff Accumulation Phase. In this chart, we are potentially forming a bull flag with a target at 43K. We may get rejected at 36.6K near the SuperTrend resistance line. The very bottom of this flag could be at 34K which is also the bottom of our RIGHT SHOULDER in our Idea A. The very bottom of this flag is also our TEST signal for our Idea B. All these ideas are related to each other and somehow playing out. Let's see if it will continue to play out and reach our target at 43-46K. Note that the price projection will not EXACTLY play out as plotted on the charts. Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
2
PIDILITIND - Bull Pennant breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Entry can be either above the breakout candle or on small pullbacks as well. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:PIDILITINDLong
by AdityaKarn90
EURUSD 1.21739 - 0.13 % SHORT IDEA * INTRA- DAY TRADE CONTINUATIHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE THE EURO / DOLLAR FROM THE HOURLY CHART. * Yesterday saw a retest or rather second test of the ascending structure but yet again failed to break above the plans remains the same as the trade was not triggered we broke above of the flag structure retesting the ascending channel again. looking for a continuation with the bears should we see strong momentum downwards. * The pair broke below a significant level of support 1.21836 successful retest and rejection at this level triggers the trade among other things. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED _________________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. __________________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
Short
by PULEMokhothu
WKHS Recent Downtrend Breakout - Important LevelsAfter 3 months of downtrending, we finally pushed above the wedge and over the POC (Point of Control) With publicity from WSB and a boom in volume, there is big potential for WKHS to spike to the 20's and higher. A bull flag can be identified on the 30 min chart with the end of Friday leaving us sitting on an important level of support.. which is comforting. Monday premarket will be the deciding factor for if we continue higher or potentially drop back into the wedge. We have a gap fill around the 28.00 area, but this is out of the question until we get over 21.03 (Second Target). Here are the levels I am looking at: Entry - 13.48 1st Target - 15.68 2nd Target - 21.03 Stop Loss - 12.33 Wait for a bounce off POC and breakout from 30 min bull flag @ 13.48 for entry. This is a simple play, no need to make it complicated!
NASDAQ:WKHSLong
by VaultTrading
ADA/BTC Update: Cardano stays strong with its POSCardano broke out of the Head and Shoulders pattern early this year and formed a bullish continuation flag. We did get the bullish breakout and did break trough the next two resistance lines. During the market crash ADA dipped back to the 0.5 Fib line but mainly the 0.3 Line did hold. Nearing the Goguen era with Smart contracts we look at a bright future where ADA hits new ATH. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3
🔥 ETH Bull-Flag Break OutAfter seeing a period of consolidation, it appears that ETH (and crypto in general) is ready for a new bullish push. Currently, ETH is trading in a short term bearish channel. An upward break out would create a bullish flag pattern, potentially indicating future bullish performance. Key level to watch is the 2750 area. If ETH manages to break through that resistance we might push towards 3000 and beyond. Risk seeking traders might already step in around 2680. Happy trading!
Long
by FieryTrading
15
BAJFINANCE - Bull Flag + Bullish H&S - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade Entry - Either above the high of breakout candle or on small pullbacks Target and SL for both patterns are given in image. (For Bullish H&S pattern, check the image linked below) - The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:BAJFINANCELong
by AdityaKarn90
2
NZDCHF 1D BULL FLAGBull Flags are a Range and they are repeatable trading chart patterns. Bull Flags are a descending chart pattern that will have a directional bias (long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
MATIC Fundamentals + Bull Flag Play - PT $1.50Recently, energy has been cited as a concern for cryptocurrencies (IMO just FUD, but it only matters what people think), and Proof of Stake networks like ADA are in the spotlight for being eco-friendly. MATIC is just as eco friendly, being proof of stake, while supporting smart contracts along with a bit of ETH's network effect as a result of being a sidechain (AAVE, 1inch). MATIC could benefit from this out of the blue concern for the environment with respect to cryptocurrencies, as well as being a nice preview of ETH2. Additionally, a nice clean bull flag has practically confirmed on MATIC with a price target of $1.53. MATICETH has been moving up in surges recently, and this could be another leg up.
MLong
by Slip1244
3
Harmony(ONE) update!I've been following harmony since early March and since the flash crash on April 17th we have yet to fully recover. It looks like harmony may be forming a bullish flag on the daily chart. Also the 50% level on the fib or $0.15 seems to be strong resistance, support looks to be coming in around $0.10. I think 0.10 needs to hold for short term bullish. If we can get a break above $0.15 with some volume to back it up I think harmony will be a big part of this altcoin season.! (NOT FINANCIAL ADVICE DYOR!)
BINANCE:ONEUSDLong
by BDACrytis
3
BTC's Bull Flag to 100KBitcoin to 100k! Everyone keeps talking about it, but how are we going to get there? How did we get to where we currently sit? Starting in December we had a steady increase in price with higher highs and higher lows, eventually forming a rising wedge and falling out of it in the beginning of April. Bitcoin needed to take a breath, and begin its next formation which will allow it to grow beyond its last All time high of 64,800. When looking at the daily time frame, we can see price consolidating in what could be a large bull flag formation. If we look to see how long the original wedge took to form, it was about 2 months. It should take until about the beginning of June to fullfil the flag that is forming, (2 months) From there, if we measure the pole and our pattern is fullfilled..... we could potentially see how BTC will make it to 100k! In what time frame? It took about 4 months for us to get where we are.. so hopefully by around the end of september we could see 100k! Let me know your thoughts? Thanks!
Long
by ManofTheTrade