Bullflagpattern
DAX 13224.42 + 0.49 % LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE
A look at the DAX INDEX from the monthly, weekly & the 4H charts the sentiment is net bullish meaning we might see a break of the historic resistance level 13570.66 and see continuation with the bulls, the index is currently trading is a bull flag which could signal continuation to the upside and momentum favors continuation, but looking at the index its overbought on most indicators meaning we might see a pull back before continuation to the upside so trade will be triggered once we break above of the bull flag.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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ROKU LongBull Flag breakout + revisit trend line
Entry 216
Stop 195
Possible Target:
FIB Ext. 1.6 = 265
ABC pattern: 280
FIB Ext. 2.4 = 300
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14.400& monthly close for BTC- October 20I ussually don't do such short analysys, but today i think we will close around that number. Let's see... On the wider timeframe BTC is in a formation of "megaphone", i belive. Inside that it has broke out of the symetrical triangle and succsessfully retested a breakout. It is now in formation of a bullflag, which will take us hopefully to mentioned number. Sorry bears ;) Well, let's ee...
Cheers!
EURUSD levels that I'm watching for next weekStill in sideways to down trading range forming a potential bull flag/descending wedge pattern. Very curious to see how the market would react to the trend line support of this broad channel. I think a test of breakout level 1.1500 is incoming. Note that market could also proceed to test 1.13700 later which is another another breakout level.
Biocon - BULLISH FLAGBiocon has bullish flag pattern but might face resistance between 428 to 441 as this is supply zone at daily chart and it need to be broken for lifetime high.472.45 is first target ... It might reverse and test demand zone which is at 412 ,418 is daily support. Safe trader can buy above 441 or can buy till 412.
Tan after very strong rises, at the beginning of a break again!AMEX:TAN
Solar & Clean Energy ETF - This is undoubtedly one of the goals the world is striving for right now
Has made a +33% since the last breakout - in a huge uptrend!
T.A SETUP - Bull flag + (mini) V pattern
It has a lot more to go up if you look at the monthly chart
Symmetrical Triangle Forming in Sherwin-Williams NYSE:SHW is forming a symmetrical triangle. This is a name with lots of momentum as it has been going up consistently for the past few months. Look for long entries with more reward than risk. First target would be previous highs, 2nd target is all time highs. Refer to the stop loss level in the chart.
A very nice bull flag forming, look for a bullish break out Nice bull flag formation on TSX:PLC . Look for longs on a break out or a break out + retest. Stop loss would be under $26 (support is just above that) and the minimum price target for a long would be around $30 where the previous swing high was. The ADX indicator is still red, if it can turn green before a break out, that would be even stronger.