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Bullflags

MTTR - strong trend underwayAfter hitting into a prior ATH (All-Time-High) @ 28 on 16 Nov, MTTR began consolidating within a wide bull flag that would have shaken out the weak bulls. It wasn't until yesterday that it finally broke strongly out of this bull flag to a new ATH on huge volume. A strong trend is now underway (some minor retracements now and then is still to be expected). Congratulations if you had already jumped onboard prior to yesterday's big move. Any near term retracements to those fib levels shown or the formation of bull flags or pennants would be an opportunity to stake, with initial stop loss about $1 below the near term support @ $28. The market is on tender hooks again due to new covid variants (will this ever end?). However a chart that is strong is likely able to weather through the volatility with retracements within normal limits. Let's see if this works out. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NASDAQ:MTTRLong
by Juliac
ETC, the sleeping giantHello traders and holders; Welcome to this analysis about ETC (Ethereum Classic). As you can see on this log chart the price has been consolidating between strong resistance and supports for months. This has led to the formation of a huge bull-flag pattern with apex approaching in mid-late December. Also notice that weekly RSI has been almost stationary since its decline from April top. I think once the resistance is broken and RSI starts going upward, the blue sky is ahead for ETC. The bull flag has a 300% surge price target. It is likely that we go even higher. I hope you've liked my idea. Please share your thoughts on this one. Thank you for your kind attention
Long
by s_hasan_zolanvar
3
EGLD/USDT - 4H - Potential channel breakout and bull flagEGLD might be looking ready to move on the 4H. Fib Trend Time indicator also showing this. White channel (flag) measured move taps the 0.5fib extension area. Should price break down, red arrow measured move points to potential DCA or SL range. Lowers still; red arrow taps the monthly blue CPR range. Yellow arrow (pole) measured move taps the 100% fib extension area. Will reduce position at the 618 and 786 fib ranges also. Bit scared of BTC right no6w, so who knows what ELGD and others will do, but let's see...
Long
by dimuthj
1
USDJPY 114.23 0.2% LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE USD/JPY. * looking for trend continuation on this pair. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
INMD: CUP AND HANDLE PLAYNice cup and handle on INMD . (I'm not looking at fundamentals here, just technicals.) What's a cup and handle? A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. (Definition by Investopedia) After confirming the cup n handle pattern and breaking the top of the handle, the price is now retesting the breakout point and forming a bull flag . Bull flag formations are found in stocks with strong uptrends and are considered good continuation patterns. It is therefore a great level to buy with good risk vs reward. Traders will want to buy the break of the flag with a stop loss below the breakout point. Whatever the height of the cup is, add that height to the breakout point of the handle and you have your profit target (at around 109) . Note that 100 could act as a psychological level/resistance. Trade safe.
NASDAQ:INMDLong
by Elpidaldo
2
Shiba Possible Breakout (updated) Still BullishShib is still holding above my strong support line. Based on the amount of burning, and the news about it getting listed on Robinhood soon, I don't see it likely for us to fall under 0.0000413. Still have a bit of consolidation to come in the next couple of days before we break above this descending wedge pattern. Don't trade based off my ideas, this is for educational purposes only and you should trade responsibly. Leave a like If you like my charts and would like to see more.
COINBASE:SHIBUSDLong
by T10aseetommy