WAVES/BTC: Consolidation Before a Bullish BreakoutIf you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
In this analysis, I'll be analyzing Waves' technicals in order to assess its bullish probabilities.
Analysis
- To begin with, Waves is currently consolidating within a descending channel
- While creating lower highs and lower lows, this is a potential bull flag setup
- After reaching support, it has formed a bullish ascending triangle
- Within this triangle, we can see that it formed a textbook Elliott Triple Wave Combo Wave (ABCDE)
- From this bullish setup, it broke out and closed above the 0.236 Fibonacci retracement resistance
- We are yet to test the resistance at the 0.382 Fibonacci level, and could expect a rally to continue up to the 0.618 resistance
- A break above the descending channel trend line would confirm a further rally to retest local tops
Conclusion
Taking into consideration that Waves 2.0 Testnet will be released around September 30, and the current bullish setup, we could expect a huge upside for this altcoin.
Don't predict the market. Take it by levels, and play by probabilities.
- Michael Wang-
Bullflags
A clear Bull Flag on the one year chart.I think this is a very constructive chart. It looks like a clean break from a year-long channel and now consolidating into a well-defined bull flag.
Bullish Flag or Descending Triangle for BYND?On the RSI there was a noticeable bearish divergence that started in May where I have the red finger pointing sideways, meaning, the price was increasing but the RSI was decreasing, it appears as though the divergence has completed.
On the KST there's potentially a bullish cross happening, I have placed a green finger icon to represent a previous bullish cross, and a question mark to represent where there's one potentially happening now.
Bullish Flag or Descending Triangle for TRUL?Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses.
The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action.
I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
EUR/CHF - High Probability Setup Week of 09/06/2020I have been trading FX currencies and I want to start posting my high probability setups. This is a pair I will be watching this week for a breakout of bull flag, retest and then resumption.
My bias is for a long trade but I've indicated where a short trade might be. There are multiple no man land areas I will not be buying or selling.
Lots of bullish signals on this pair.
Either a bullish flag or a grave trap.Markets open with a new outlook as Best Buy retracts as bears win vs bulls. Markets will pick up towards the holidays. Plus, things are heating up quite a bit.
The opening bell will either follow a crashing index drop and likely more cascading. In the odd event that does happen, it would be unfortunate to long. Shorting was more profitable prior to the likely prices Monday.
Bull flag on NEO!Hello, Traders!
ETH/BTC seems to be breaking out one Bull Flag,
Here is a strategy to bull flag buy. Our buy point is above this maximum accumulation, stop on second support on intraday timeframes.
On the chart, we mark important information as entry points, Stop Loss, and our objectives are bull flag projection
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Bullish Flag breakout for PRMW?The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross.
It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern.
On the RSI it's possible we see a retest of the downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST.
The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading.
Higher lows on the RSI and it's looking like a higher high is going to occur in the near term.
Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
GBPSGD on the break of a bull flag 🦐After the break and retest oof the discending channel between the blue trendline the market has created a strong impulse to the upside.
Price on the 4h chart retraced creating a Bull Flag between the yellow trendline.+
According with PLnacton's strategy we can set a nice long order.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
YFI Bull flag is taking placelooks like a bullish flag, if it breaks below the white line pattern fails.
if breaks above 3.4 then pattern is in play.
SL: 2.60
Target: 5.1
Vaild until breaks either side or 2.9.20, 12:00.
Timken India | BUYTimken India is in a strong uptrend and it formed a fresh lifetime high last week. Following this, the price action has formed a bull-flag pattern. The upward momentum looks strong and the stock can be expected to rise in the upcoming days.
Jubilant Foodworks | BUYExtending the bull run, the stock has been appreciating after confirming the Bull-flag, a bullish continuation pattern. We can spot another fresh bull-flag that stands confirmed. So, the positive momentum looks intact and the stock is likely to continue the rally.
Asian Paints | BUYStock marked its new lifetime high of ₹2,016.85 last week. Now, the price action is sort of a potential bull-flag pattern and importantly, the monthly chart shows a solid breakout. Coming week, the stock is likely to make higher highs.
UPS BULLFLAG PT $178UPS just formed a Bull flag that if broken to the top should propel the stock to around $178. I do see the possibility of this consolidation to the lower end of the channel which would be $155. If that is broken, we can definitely see UPS work its way down the engulfing candle and find support with a bounce around $145. There is also a MASSIVE gap that needs to be filled around $124 and 134. Manage risk
$ROKU potential breakout After breaking huge weekly downtrend resistance $ROKU formed nice well defined bull flag and ready to break out , good earnings announcement will accelerate the run .
Green lines = short term target .
MSFT 1H pennant Hey everyone if you enjoyed this analysis leave a thumbs up or comment your opinion below!
We can see MSFT forming what looks like a bull pennant.
Kimberley Clark to the moon?Watch this stock as there could be massive gains. If it starts to go up, follow it up with a trailing stop loss. We could be seeing a formation of a bull flag pattern, so look out for confirmation with a break to the upside.
Took a trade at a confirmed bull flag LINK USDTThe bull flag on the daily chart LINK USDT confirmed. I's a risky trade, because the top of the bull flag is all time high, I cannot refer to history to determine my target. I trade on confirmation of a (very) clear bull flag on the daily chart and the respect for the EMA20. To determine my target I will look closely to price action and probably will use Fibonacci. My stoploss is at 10.2195/10.2185, based on the previous low on August 9, minus 1x ATR.
