GBPJPY Weekly Pennant July 23Price still in major uptrend. Smaller time frames creating bullish pennant on weekly for breakout and strong continuation.
Bullish Pennant
Theta in BULL pennant... don't miss this oneTHETA formed a nice bull pennant, continuation pattern that signals this could have more upside in near future... Set alarms for this one and don't miss it... BTC sudden dump could ruin this...
Bullish SeptemberThere's a very clear bull pennant near completion for XAG.
The flagpole started at 12.134 (lower wick) and goes up to 29.592 (upper wick). More conservatively, the pole would be slightly shorter, but this range is what I view as the maximum potential move after the completion of the pattern, a somewhat drastic movement of 17.458.
According to the range of the flagpole added to the price at completion in the area of about 26.115, it indicates a potential move to as high as 43.573 in this run up.
The timing of this pattern seems to coincide with the completion of the ascending wedge of SPY and ES1! that's been steadily becoming concrete since March 2020. That ascending wedge seems to be headed for its terminus at just around the same time, if not a bit before. This makes some sense as silver prices tend to be reactive rather than predictive, so we can expect that silver's run-up (if it happens) will take place after any market correction.
EUR/USD multi time frame analysis- Head and ShouldersPurple Line = Weekly trendline
Red Lines/Zones = Daily SNR/Trendline
Orange Lines/Zones = 4 Hour SNR/Trendlines
EUR/USD is now on Uptrend because price break Weekly Descending Trendline which is started since 07/07/2008 and break up on 28/07/2020 and from that point EUR/USD is in uptrend.
On Daily chart we can see that there is something like Bullish Pennant chart pattern formed.
When we scroll down to 4 hour chart we can see that now formed Falling wedge chart pattern and than happen breakout, then again formed new Falling Wedge Chart Pattern and now price go near neckline of Head and Shoulders Candlestick Pattern.
After previous Falling Wedge we can see clear breakout and because market repeat itself now we can expect again breakout of this Head and Shoulders Candlestick Pattern
it doesn't matter because it's uptrend, price doesn't have the strength to go immediately up because there's plenty of resistance zones + formed this candlestick patterns and chart patterns which showing downtrend Momentum. My opinion is when see bearish candle on 4 Hour chart which close bellow neckline of Head and Shoulders candlestick pattern then should start downtrend till Weekly Support Level or above Weekly support level and then will uptrend start again
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US30 July 14th AnalysisWaiting to see if price holds bullish pattern. May break 35000 before doing a pullback.
MUTHOOTFIN - Ready for another leg of rally? - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
For understanding how to trade a Bullish Pennant Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
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GBPJPY Daily Pennant July 1stBullish Pennant/triangle on Daily. In confluence with weekly fib (related link idea). Anticipating Huge breakout for fast impulse move. Swing Trade setup.
WABAG - Retest+Reversal, Ascending Channel, Bull Pennant - SwingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
SL can be kept either below 335 (for risk taking traders) and below 306 (for safe traders)
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
AMC's Bullish Pennant Breakout ScenarioAMC has been consolidating for more than 3 weeks now.. we've found major support at the $50 level and continue to ride the waves. It is only a matter of time before this pennant breaks out. This isn't over just yet, we are priming up for something big very very soon.. and it always happen when we least expect it.
Wyckoff Accumulation Phase for BTCBTC has been trading sideways and it found a bottom after a huge drop from 59500-ish. Then it was bouncing between two major support level 42K and 31K and started to form the famous Wyckoff Accumulation Phase, recently on the 22nd of June we formed a Spring , and now we are in the Test ing phase if the test succeeds we should slowly but steady start to march toward the upside and after LPS (Last Point of Support) at 35K, and then if we go above 42K it's a SOS (Sign Of Strength) and if we make solid support there we should be ready to continue to the uptrend.
Resource:
medium.com
AMC Bullish Pennant Still Holding - Monday 4/5ths BreakoutThe damages are done, we are just playing the waiting game. The longer they drag this on the higher our chances of a margin call go, due to the increasing risk liability.
Low volume before the storm. Apes holding the float and price at $40.
💥BNBUSD - SHORT TO $340 THEN LONG TO $380, $420, $500🔥As we can see, we have a bullish pennant chart pattern breakout. A pull back is in action back to $340 - $347. After the pullback, I expect price to go long to $380, $420 and $500.
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💥CARDANO BUY SETUP - TO LONG TO $1.80We have three (3) main setup here and a very good buy confirmation on this chart to go long to $1.80.
First, we have an uptrend (trend continuation). We also have a bullish pennant breakout and price in a ranging zone testing the demand zone back to the supply zone.
The trendline breakout confirms this three (3) setups for price to go long to $1.80.
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💥DOGEUSD LIKELY MOVE - PUMP TO $0.56 OR DIP TO $0.25Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines.
Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
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💥 BITCOIN LIKELY MOVE- TO PUMP TO $40K, $42K AND $43KWith respect to my previous post on BTCUSD, price broke it earlier than expected. We had a breakout from $37,000 yesterday and a pull back followed.
Right now, I expect a bullish movement to $40,000, $42,000 and $43,000.
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PIDILITIND - Bull Pennant breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself. Entry can be either above the breakout candle or on small pullbacks as well.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
💥HISTORY TO REPEAT ITSELF, BTC TO RISE AGAIN 20th-22nd JUNEAs we can all see on this chart, this is replica of what happened early this year (January, 2021).
On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500.
History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone.
Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January.
Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June.
This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000.
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💥TWTUSD BUY OPPORTUNITY - TO PUMP TO $0.4 $0.5 & $0.6Trust wallet token is in a downtrend as seen on this chart. Also, we have a descending triangle too on the chart.
Price has tested the support trendline the third time and didn't break it. Therefore I expect a bullish movement to $0.4 first. If Price break the trendline, then $0.5 and $0.6.
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a symmetrical bull pennant inside an inv h&s on the 4hr chartnot saying it's definitely going to pan out..but something to keep an eye on all the same. I'll be waiting on a confirmed breakout or fakeout.
CADJPY Bullish pennant pattern As you can see cadjpy expected to break the bullish pennant pattern and go up to the upper ressistanse
Bullish on PYPL (Long-Term)I am #bullish on $PYPL stock for the technical reasons indicated on the chart.
Digital currencies and wallets will be here to stay. #Opinion
IMPORTANT MOMENT FOR CARDANOGood evening traders, today I am going to say what I personally think of Cardano when it comes to the short term (after this crash). Cardano is recovering nicely and I think that if it holds that crucial 1.5 support line it has great potential to keep moving forward and hit that 2$ level again.
Right now it's a lot of volatility in the market and it's tricky to say something when everything is so back and forth with the prices. Most of this is also in the hands of Bitcoin, if BTC continues further down this is not possible. We are still in a good level on the FIB extension but still on the lower part on the 100% level.
I still remain bullish on ADA and I think no expert think that this is the bottom of the bull market and Cardano still has a lot of work do. If we look on the EMA's on the 24h time frame we can see that it is no longer pointing upwards and that usually means ADA is going to consolidate before a potential upside.
On the 1 hour time frame we can see a bull pennant forming and hopefully racing towards 2+ dollars. Even though that sounds great we still have to expect a downside and everything from 1,3-1$ can be an option.
Cardano is looking strong and if it holds support nicely we can see the upside once again but this time even further!
One last reminder; Don't worry about today's noise!
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REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
