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Bullflags

SHAK -on firmer ground to recoveryAfter hitting a low of 78 in a few weeks ago, SHAK finally gapped up on strong volume on 25 May, suggesting that the downward pressure might be over. Over the last 2 weeks it began to form a bull flag cummulating to a strong break out of this bull flag yesterday. These adds credibility that the trend has now reversed to the upside. I am expecting a near term target of at least 104-105 (gap fill and a previous support turned resistence). Should it be able to clear this level, then 115 becomes a possibility. Trail your stops upwards accordingly. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:SHAKLong
by Juliac
My prediction of the Gold movement until the end of 2022Depending on the 200d MA, and considering the long Bull flag, and on the other hand, looking at the economic outlook and the state of inflation and US interest rates and Possible weakness of the dollar index, we can consider the main movement of gold as an uptrend until almost the end of 2022, or even a few months earlier, Gold could be traded in the range of nearly $ 3,000 . Perhaps if it were not the current interest and transfer of a huge amount of capital to the cryptocurrency market, we could be seeing much higher rates of gold now. What do you think about this scenario? shall we got ready for this?
TVC:GOLD
by monaA89
SKLZ - Will this Adam & Eve work out?Congrats if you had entered near it's Adam and Eve's bottom @ 12.50 (a 76% gain by now!). I am still bullish on it at the moment due to the mini bull flag that has formed in the past few days and finally a close above it's neckline @ 12.50 yesterday. Let's see if the A&E target of $30 will materialise! Stop loss @ 18.90 for now. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:SKLZLong
by Juliac
Flags, Waves, Extensions Oh My!Bull flag breakout in Feb 2021 created impulse wave upward with 5th wave culminating in April 2021 top. This was followed by A-B-C retracement pattern from mid April thru mid May 2021. Mid May C point low is 1.618 downward extension from prior upward wave high point at wave 5 and low point of wave 2. From C point in mid-May 2021 we are consolidating around the 30k support range and forming a triangle and possibly a bear flag pattern. Should price break above this triangle and the June 3rd high this could lead to a new upward impulse move which begins a new 5-part wave pattern upward possibly meeting or exceeding prior all-time-highs. Conversely a break below the triangle could send price down to prior resistance levels from December 2020 which may function as support.
BITFINEX:BTCUSD
by BDTrading
GBPNZD on a bull flag 🦐GBPNZD on the 4h chart after the rejection by the monthly resistance retraced at the 1.93650 area. The marker started a new impulse and is now trading inside a bull flag. According to Plancton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
5
Ethereum update. Might be time to pile in.Do you want to wait for wedge breakout as confirmation to signify departure of seller interest? Yes, absolutely. If you are a coinbase buyer, however, this is a decent bet. We’ve watched price swell up and down for a while, and now it’s in the middle region. We avoided buying at the top, and selling at the bottom. Now it might be time to jump in. No bet is without risk. You have to be willing to stick your hand into the toothy mouth of mother market to play. In my opinion we are sitting at a lower than usual probability of getting chomped. Good luck.
Long
by emehoke
Bitcoin Wyckoff Accumulation Have We Seen the Ultimate Low?At the moment of writing we are testing the 36k as support, when this holds it is likely that we are not going to another lower low in the near future. The 36k is supported by two fibonacci retracements and has been tested before. If we hold support it is likely that we will try to reclaim 37k for this to be effective and succesful an increase in volume is needed. However when we fail to find support on the 36 it is likely that we are going for a revisit of the 34k which is supported by the First Support line fo Wyckoff. As I said in a late night update last night, it looked like the price was forming a bull flag. Which a few hours later go a fake-out since the break was not supported by any volume. However a few hours ago we go at break to the downside, this was supported by volume. The downside target of the flag is also around the 34k which, if we break 36k, would indicate another signal that the price would move to 34k.
BITFINEX:BTCUSD
by DaanVerbeek
4