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Bullflags

DAX: Bull Flag Following Inverse Head and ShouldersWe have not yet developed a trade around this, but we do note the clear inverse head and shoulders pattern that has played out. Following the penetration of the neckline, there was a bullish breakout, followed by a bull flag (a trend of decreasing highs and decreasing lows). After there is a significant breakout on sufficient volume, we will assume a bullish position. That indicates the bullish trend following the end of the inverse head and shoulders position will continue. The MACD is bullish, positive and increasing, and the DI+ is above the DI- on the ADX indictor, with the . Also technically, the fast and slow stochastics, the RSI and MFI are moderately positive, indicating bullish movements ahead. We define "moderately positive" as a reading between 50 and 70, showing increases at a sustainable rate such that there is not an impending mean reversion.
XETR:DAX
by LaurenTrading
Hold on, is this a descending triangle, or a Bull Flag??In my previous post i talked about Gold breaking flush through a Descending Triangle, i misspelt it for a Ascending Triangle. After looking again it appears as though this may be a fake out.. Time will tell per usual. If you look at Gold on a macro 100 year chart including the wicks, Gold peaked in early 1980 2,200ish USD. After that ATH, gold sold off for 20 YEARS before finally bottoming in April 2001. Aug 2011 was a double top, and now Gold is still "technically in a bear market until this Descending Triangle is broken!
TVC:GOLD
by ScotianBot
Daily Market Analysis - BTCThe market is up to $281.79B. Dominance is down to 57.57%. The price of Bitcoin is above 9100. Today, we are zooming in and looking at the 4-hour chart. So far, the support at 9000 has held sturdy. There is a large bullish divergence happening which is illustrated by the yellow lines conveying price action and the Stochastic as well as, the MACD indicator diverging. In addition, the StochasticRSI forming a triple bottom and the chart pattern is forming a bull flag. These conditions represent a highly bullish outlook. Bearish: An unexpected large drop in price caused by a market dump could cause the price to quickly re-test lower support levels. Bullish: Price breaks to the topside of the bullflag and smashes through the larger trendline of topside resistance at 9500-9600. Bearish 70% / Bullish 30%
COINBASE:BTCUSD
by SpektreSignal
ETHEREUM: Continued weakness or renewed Strength?Of most of the major altcoins, ETH has been extremely weak, and this is unfortunate because it is a strong project. However, I think it will be catching up with some of the other major cryptos. For ETH there are three possible patterns occurring right here: a bull flag, a bullish rectangle, or a head and shoulder top. A Bull Flag or a Bullish Rectangle: These patterns are bot similar, however, if it is a bullish rectangle, the price objective wouldn't be as high as it would be with a bull flag because the price objective of the rectangle is measure by the height of the rectangle, whereas the price objective of the flag is measured through the pole. It is possible that this is a flag, however, since the upper and lower trendlines are not downwards sloping, I suspect that this is a bullish rectangle. If this does turn out to be a bull flag, there will be a strong drive to extreme heights. Head and shoulder top: For me to say that this is a head and shoulder top, I would like to see a clear rejection at the price point around 280 and a move down to the bottom horizontal support, however, a lot of other cryptos have been showing a similar pattern to ETH, but they consolidated and broke upwards, I suspect the same will happen to ETH.
COINBASE:ETHUSD
by CuddlyCuddles