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DOGE > Possible Bull Flag Pattern!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #DOGE Hello friends. Bull flag at FIB 61.8 level near 0.50, waiting for confirmation to get in, a close outside the support line of the flag pattern will invalidate this pattern. Safe trading everyone Check today analysis below⠀ >> “Time is your friend; impulse is your enemy.” _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
59
XMRUSDT Another bullflag? 🦐the price is creating another bull flag after a very nice bullish rally. IF the price will have another breakout According to Plancton's strategy (check our Academy), we can set a nice 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.
XLong
by InkyGrip
6
FLAG PATTERNS & PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONSHi everyone and Good morning. Welcoming you back (after 18-week break) Thanks for your like and supports. This is Part 3 of my Technical Analysis series of CHART PATTERNS BULL AND BEAR FLAGS Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders BULLS generally refer to the price action of buyers as they drive Stock PRICES UP, while BEARS refer to the selling action of sellers as they drive stock PRICES DOWN. For starters, let’s define what a Flag pattern is: A flag pattern is a TREND CONTINUATION PATTERN . It is named a flag pattern because its formation resembles a flag on a flagpole. The pole is usually the result of an almost VERTICAL RISE IN PRICE, and the flag part results from a PERIOD OF CONSOLIDATION When the price breaks out of the consolidation range, it triggers the next move higher. Flag patterns can either be BULLISH or BEARISH. Follow me closely, as We will now look at BULL and BEAR Flags in turn: BULL FLAGS Bullish flag formations are found in stocks with STRONG UPTRENDS. They look something like (sketch 1 on chart) As can be seen on the sketch 1 chart above, the pattern starts with a STRONG, ALMOST VERTICAL price spike, that eventually start losing steam forming an orderly pullback where the highs and lows are parallel to each other forming the FLAG in the form of a tilted rectangle. The tilted rectangle (flag) usually breaks to the upside resulting in another powerful move higher, usually measuring the length of the prior flag pole (Let’s consider the sketch 2 chart) Now let’s look at BEAR FLAGS : The bear flag is an upside-down version of the bull flag. It has the same structure as the bull flag but inverted. looks like sketch 3 As can be seen above, the flagpole forms from an ALMOST VERTICAL price drop, which is followed by a period of consolidation, with parallel upper and lower trendlines forming the flag. A break of the support structure of the flag, results in another move lower, with the same length as the prior pole. Just as with any Chart pattern, there is usually psychology behind its formation. Let us look at the PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONS: On bull flags, the bears (short sellers) get blindsided due to complacency as bulls (buyers) charge ahead with a strong breakout causing bears (short sellers) to either panic and cover their ‘shorts’; or add to their ‘short’ positions. Once the stock is in the consolidation stage, the bears (short sellers) regain some confidence and they add to their ‘short’ positions with the expectation of a price drop; only to get trapped again when the price break to the upside causing short sellers to cover their ‘Shorts’ thereby driving prices even higher Since some short-sellers from the initial flagpole run up may still be trapped, the second breakout forming through the flag can be even more extreme in terms of the angle and severity of price move. That is precisely the psychology behind BULL FLAGS; and that same psychology applies on BEAR FLAGS, just in reverse. Now let’s consider the sketch 4 on how we can make money from bull and bear flags: On a bull flag, you typically want to enter a Long trade on a breakout to the upside. Take profit target should be the same length as the prior flagpole. Stop loss should be placed just below the broken resistance line, which will now be acting as support. I will leave it here for this week, that’s all I had in store for you. Follow me And JOIN me again next week as we will be talking about another Chart Pattern that works. Until then, here is to Profitable trading!
COINBASE:BTCUSDEducation
by TaherJalili
6
PDN Reclaiming TrendPaladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich mine (LHM) in Namibia. Bullish Outlook: Current price has reached former TB Fib Extension 1.0 Level. It has broken key Daily Resistance and reclaimed Uptrend and now has a real chance of claiming new TB Fib Extension Level 1.0 (Identified by blue Horizontal Line). I'm watching Volume and RSI but also cautious of a short term retrace. Also note that Bullflag target flagpole is alligning with former TB Fib Extension Target Level 1.618 Bearish Outlook: If price was to retrace and break key support level then my target would be @0.09 which would be my next level of Daily Support. Keeping it super simple. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:PDN
by Trader_Johnni
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern. The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off. I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then.. Bullish cross on the KST where I have placed the downward pointing finger. The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger. $8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
TSXV:HIVELong
by ScotianBot
🔥 AUDIO Bull Flag Break OutAfter seeing incredible gains during March, AUDIO has seen a very strong correction in April, where it lost more than 70% of its total value at one point. Since two days, bullish investors have regained control of the market and started buying up crypto assets. This caused the immense gain of AUDIO over the last three days. Furthermore, this bullish push pierced right through the bearish channel's resistance, causing a bull flag break out pattern. Happy trading!
Long
by FieryTrading
29
Facebook bullish ER runup planNYSE:TWTR NYSE:PINS NASDAQ:FB Facebook is currently looking GREAT for a rally. It is currently bouncing off 200 EMA (very strong support), at .236 fib level (bounce region?), potentially breaking out of the bull flag pattern, 6 oscillator bullish divergence, AND Earnings on Wednesday? I smell GREAT chances for a rally especially with a lot of other Tech and social media stocks having earnings this week. This should be a great week for social media stocks like Facebook and tech stocks in general. Currently in a squeeze but I am expecting that we are flying on release. Planning on buying a few calls on monday, and playing the ER run up. Good luck to anyone thinking about hopping in! Lets make some money!! If you liked this, follow me on twitter to see all my new TA @greg_trades_
NASDAQ:METALong
by greg_trades_
DOT in a pinchCurrently DOT is still deciding whether to push up or go for a deeper correction. My setup is so: If DOT stabilizes in the 35.5-36 dollar level, a break out of that would give us a price target of around 42 dollar (sorry if its really of/inaccurate im dragging using my phone and it has been hell to do it). If the following two days DOT does not see a price movement around 36 levels, then expect a deeper correction to around 29 following the trend line after the dip. Hope to see price pushing up since i still have half of my position open. Good luck to everyone, don’t give up even though this month has not been good. It is just a transitionary phase, changing of hands if you will, those who cannot hodl will get the short end of the stick. Not a financial advise
by cryptoneubie
Another bull flag, or bearish black swan?Another bull flag . Bearish black swan also appeared Interestingly, the blackswan has the same fibro targets as the previously failed bearish gartley Bull flag: - long neck (good) - continuation of strong trend (good) - at resistance (bad) Bearish swan: - at resistance (good) - bulls need a rest before going to higher high (good) - bull flag might be a stronger indicator? previous gartley in same situation failed (bad) Let's see how this plays out Not financial advice. Educational purposes only
KRAKEN:ETHUSD
by ruxi
USOIL 61.19 - 1.94 * PRICE ACTION & STRUCTURE CONT. PTTNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CRUDE/ USOIL . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILShort
by PULEMokhothu
DOT CRUCIAL moment: YOU DECIDEFrom the previous sell off, you can see that the drop was anticipated by the bear flag it was forming from before. Now, we see a bull flag, where the price has just broke out of the flag. The breakout will be confirmed once the 4h candle closes, which gives us a price target of 36 if pulled from the relative bottom and top of the bull flag. If the price goes back down, expect the price to dip to around 29 dollar level. To be honest, im not really confident with current market, due to bitcoin struggling to hold the 56k level. I have closed half of my position, with other half holding due to this breakout. Really hope to see new money coming in and push the price back up to previous highs - good luck everyone. Not a financial advise.
by cryptoneubie