AUDJPY on a bullflag break 🦐AUDJPY on the 4chart is looking for new recent highs.
The price after hitting the 78.700 level retraced back into a bull flag.
The market is now testing the previous high and if the price will break above we can set a nice long order according to Plancton's strategy.
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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.
Leave a comment that is helpful or encouraging. Let's master the markets together
Bullflags
Ascending Triangle or Bullish Flag for TLRY?Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria.
The blue pattern on the chart is forming a bullish flag or potentially a descending triangle.
On the KST there has been a bullish cross where I have placed the blue downward pointing finger.
The DPO & RSI both seem to have similar appearances, maybe a head and shoulders pattern will form, the next few weeks will give a better indication.
I have drawn a hypothetical red line to show how the H&S may occur on the RSI.
ROSEUSDT created a bull flag 🦐ROSEUSDT created a bull flag and had a breakout. Now the price is testing daily support, if the price will have a breakout from 4h resistance and retest it as new support, 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.
USOIL on a 2nd flag? 🦐USOIL after the break of the 1st flag creates an impulse and retraced back until the 0.5 fib level.
The price creates a 2nd flag and currently ranging within 2 structures.
IF the price will break above the resistance structure and consequently breaks the flag we can set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURUSD is creating a bull flag 🦐EURUSD is creating a bull flag on 4h. the price had a false breakout.
IF and on IF the price will have a new breakout and confirm the previous resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
Monthly
–––––
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.
Another Bullish Flag for TNY?TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle.
I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019.
The KST is displaying a bullish cross where I have the blue finger pointing downward.
On the RSI there is a noticeable ascending triangle forming.
CADCHF, 4hr tf, bullish flag pattern to materializeHello my friends,
I wanna share one of the trade i took today when i was away.
I spotted a good setup on CADCHF as there is a bullish flag pattern breakout.
What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power.
This is a proof that buyers now in control of CADCHF and we could see price continue to rise.
I took this trade when it retrace to test 0.6950 and now in floatng profit.
I think it is not to late to enter so feel free to enter with your own risk management.
The nearest resistance is 0.7000 so we will take partial profit when price hit this value.
Buy CADCHF 0.6950
Stop loss 0.6920
Take profit 0.7040 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I bought CADCHF from 0.6950
EURJPY 4h analysis 🦐EURJPY on the 4h chart after the last impulse created a minor channel for the retracement.
The price is currently breaking above after touching the 0.382 fib level.
If the market will break and close above the structure we will set a nice long order according to Plancton' strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
WRI bull flagLooks like a bull flag. I'll try to get in at $21.90 and hopefully sell at around $24.
Analysts seem to like it
USOIL for a 2nd Flag? 🦐USOIL after our last analysis broke the 1 st flag and moved above the structure at 45.50 and currently retesting it.
The price after the break retests the 0.5 fib level of the previous impulse exactly over the support.
IF the market will move as in the drawings with a nice bullish impulse we will be ready to place a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
AUDNZD on a bull flag ? 🦐AUDNZD after the attempt to break the 1.05500 started a minor retracement move.
The price touches the support area at 1.05150 over the 0.382 fib level and bounces over it.
IF the market will break above the upper trendline we can set a nice long order according to Plancton's strategy.
–––––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
$PBH bull flag pattern complete2nd bull flag appearance for $PBH with 4 months in the making. I bought in on the fakeout @ (3 Nov) and holding til $19.
Topped up just before the breakout. How do I know it's not another fakeout? I used a combination of indicators: Volume, MACD and RSI divergence which isn't shown.
Low risk/high reward.. Just my type 😉
USOIL on a bull flag 🦐USOIL ofter the nice bullish impulse, broke above the monthly resistance structure at the 45 level.
The price from there created a minor retracement inside a descending channel.
IF the price will break and close above the resistance structure and consequently break the channel, we will set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
How to properly trade a Bull Flag on Bitcoin What we are observing is a vertical rise in BTC followed by a visible period of consolidation. Bullish flags like that are typically common in strong uptrends - hence the "pole" part of the flag 'pole'.. No doubt we are observing the continued accumulation of BTC by some large players.
The drop appears to continue to be bought back up by bulls who continue to defend 18.7k - 19k - on a small scale the strong defense almost appears like a "double bottom".
What would invalidate this is if it were to form a pennant, or simply were to break the lowest low.
During a period of consolidation of a bull flag, one is supposed to investigate volume. In periods of consolidation volume should be dropping, and dry up the formation of the flag takes place. If the price was not moving downward off the highest high, we would not in conjunction with the avg volume dropping think much of it, but the price is indeed slowing downward, following the preceding uptrend (flag pole.)
If you are still for some reason not in a BTC position the best way to enter into the position would be to enter at the bottom of the flag, or if you are more conservative off the breakout when price moves above the high of the upper channel trend line. If we are using fibbanci's in conjunction with this we are looking for a pullback ideally off the 0.618 which incidentally is where price recently strong found support. Chart containing this visual is below.
If the price breaks out, one should expect the price to not find resistance till it moves roughly up the equal mass of the initial flag pole. The initial flag pole was 22% in this 4hr chart.
Final comment is that the EMA is clearly indicating a return to a bullish trend with support confirming the appearance of sideways accumulation following the bullish breakout.
Good fortunes to you traders! Please let me know if you trade bull flags or bitcoin differently, or if you think there is a different way to interpret this chart!
And please hit follow so I can share more of my charts with you!
Giant bullish flag or Descending Triangle for APHA.APHA is trading back into a Macro Bullish Flag or Descending Triangle drawn in dark blue, we have seen a fake-out to the downside where I have the blue human body icon, this is potentially forming an inverted H&S, and at the same time APHA is trading back into the Macro pattern, which started becoming bearish Jan 2018 during the hype before Canadian Rec.
The KST wants to crossover bullishly, but is being rejected for the time being, you need to zoom in close to get a better view.
Potential merit for a Ascending Triangle on the RSI.
Z makring bull flag/rising triangleIt looks like a bull flag or rising triangle or rising wedge. Right now it's at the bottom of it. It's holding on pretty well. Hopefully it'll continue on upward tomorrow.
I decided to get in at $106.50 today because I want to take advantage of the whole market being slightly down.
BAJAJ FINSERVE - Bull Flag Pattern breakout - Swing TradeThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
Stock is fundamentally strong
It has given volume supported breakout after consolidation phase.
Also such huge volumes have come in stock which shows that stock is not going to stop at life time high but will make new high.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.