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Bullflags

RGL 120% Bullflag Break(ASX:RGL) Riversgold Ltd is an Australian based gold exploration and development company with projects in Australia and Alaska. With Solid Fundamentals, Announcements inbound and Clear TA forming this is shaping up to be a Great Trade & Investment. Chart: - Completion of Bullish Pennant - Classic Bullflag Formed - MACD Reversed and Spreading - RSI trending upwards - Ichimoku Conversion and Base Line set for a cross, Lagging Line can clear structure and run, Cloud currently being tested - Fractal Targets lining up with Previous Structure and 2018 Highs - Fib Extension -0.272 also lining up with Previous Resistance (2018 Highs) - EMAS crossing Bullish - Market Structure over the last 2 week indicating change in direction - Risk/Reward +5:1 minimum Fundamentals: > CR being completed for upcoming Drilling Campaign for its Kurnalpi Project (WA) > Boots on Ground already (Geologists and Team on site) > 1000 KM Tenement (<600 KM of which has been never explored) 50km from one of the BIGGEST GOLD Producing Towns in WA Australia (Kalgoorlie) > HIGH Grade Prospects Identified > Over 40 Exploration Targets identified in its first pass magnetics scanning with Quarterback Geological Consultants prioritising exploration and anaising Rock Chip Samples > Upcoming announcements for Aug/Sep I'm eager to see what Exploration Results come from there Culter Exploration Project , Open in all directions, and HIGH Grade results across the 500m Strike Zone are both Shallow and Deeper Intercepts 10m @ 11.0g/t Au (from 24m) 4m @ 5.3g/t Au (from 30m) 3m @ 6.18g/t Au (from 38m) 1m @ 19.0g/t Au (from 64m) 1m @ 62.9g/t Au (from 129m) With Gold prices still currently holding north of US$1900 the sector is a buzz with excitement and activity. They have the Leadership Team, Tenements in GOLD RICH Location, Government Approvals, 'Boot on Ground' and they have Cash at hand. Now they just need the results!! EYES ON!! These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:RGLLong
by Trader_Johnni
2
PLNT 1D BULL FLAG LONG TRADEBull Flags are Ranges which are repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:PLNTLong
by Tradingstrategyguides
Micro Bullish Flag or H&S? It appears as though a bullish flag is forming for Hive. KST is about to cross bearishly indicating there is potential for further downside action. I have placed three blue finger icons that represent previous examples of micro head and shoulder patterns, the dark blue human icon is the head of potentially a Macro H&S and the two fingers would be the shoulders. In dark green there's merit for a Macro Ascending Triangle, price target of approximately 1 dollar CAD if the pattern plays out bullishly.
TSXV:HIVE
by ScotianBot
Platinum looks like it's trading in a long term bull flag. I find it hard to believe this pattern is a descending triangle, we've just seen the dark blue baseline of the pattern hold support, considering the Macro environment I'm expecting this pattern to finish with a bullish outcome. The RSI is slowly starting to create a Macro higher high, if we see the RSI continue to creep above the blue line we will see some strong price action to the upside, potentially parabolically given how other metals like gold, silver & palladium have been trading recently. The DPO is closing above 0 for the first time since roughly 2012, we have seen the DPO touch 0 multiple times over the years but the DPO has never really closed above it since 2010 until more recently, very interestingly bullish. It's always possible this pattern plays out bearishly, nobody knows for sure, safe trading.
TVC:PLATINUMLong
by PrivyCapital
Bitcoin looks ready to break out of a BULL FLAG!Keep an eye on the RSI, if the price breaks out of the bullish flag & the RSI doesn't break the downward sloping resistance to create a higher high than there will be a clear bearish divergence. The DPO is starting to creep above the red downward sloping line of resistance, potentially indicating there is more upside price action & the price isn't ready to top out. The dark blue line is the price of ETH on coinbase, Ethereum is noticeably taking charge of this bull run, very interesting.
COINBASE:BTCUSD
by ScotianBot
1
Is Canopy trading in a bullish flag?It's very likely this plays out bearishly as a descending triangle, Canopy recently released earnings & the price continued to sell off immediately in the days following, despite the financials improving from previous quarters, and despite strong beverage sales the market seems to favor the U.S focused MSO's at the moment. Canopy will need some compelling news to break this pattern to the upside. Canopy is displaying a Symmetrical Triangle pattern as well, notice the green upward sloping line of support, Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
TSX:WEED
by ScotianBot
AIONBTC Bullflag after a nice breakout on daily resistance 🦐AIONBTC creates a nice bullflag after breakout on daily resistance (blue one) IF the price breaks the bull flag According to Plancton's strategy, we can set a nice order IF the price retests with success the daily support we can expect a new inpulse ––––– 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.
ALong
by InkyGrip
2
Aleafia is potentially trading in an Ascending Triangle.AH is forming an Ascending Triangle or potentially a Bullish Flag, the dark green line is the base of either a bullish flag or descending triangle, the dark red line is clearly the downward sloping resistance of the pattern. The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to represent each time we've seen bullish price action upon the blue upward sloping line of support. The blue question mark is where I expect to see another bullish bounce keeping an Ascending Triangle & Bullish Flag intact. Keep an eye on the divergence that will likely emerge on the RSI if another bounce happens in the price & a rejection comes into confluence with the previous two rejections on both the RSI & price.
A
by ScotianBot
Is OSTK trading in a bullish flag or descending triangle? Overstock appears to be trading in a bullish flag or a descending triangle, notice the downward red line of sloping resistance & the green horizontal line represents the baseline of support, but if breached this pattern is likely a descending triangle. If the descending triangle plays out I'd expect to see the blue upward sloping line potentially act as support, this could start to form a ascending triangle depending upon how the bullish construction looks on the chart forms over the next few days.
O
by ScotianBot
2
GBPAUDAfter weeks and weeks of selling pressure, it looks like we are now beginning to see a market correction and new structure form. The previous monthly candle closure suggests the bulls may be ready to kick in and drive the price up. We are also seeing rejection on the daily time frame from the key level of 1.81500 marked indicating failure to close below, this may suggest that price is getting ready for its next bullish move. Looking into the lower time frames we are seeing a bullish flag form, if we manage to break out of this formation we may see a rather aggressive move up. Although my analysis is showing many confluences for a bullish move we cannot be set on one bias especially with the current market conditions, I have illustrated and noted the areas I am interested for either a sell or a buy depending on how the price develops. My COT Data source is showing that 58.7% of commercial players are long on this pair
Long
by AlkalineFX