Get started

Bullish Pennant

Big move incoming for Matic - 0.1$ nextMatic has been doing well for the past few days. If it breaks out from the pennant, we should expect 0.1$ next. Sky is the limit if this breaks out. In my opinion, Matic still got a long way to go - Gains are not done yet from this one. Matic is a coin that is known for its explosiveness, and the crash that comes with it. But that's all hype, and we will let the time decide. Trade this safe. Everything is bullish atm... So no surprise if this breaks out. In these market conditions, one can buy even before the breakout, but that is not recommended due to the risk that follows. Buy at own your own will.
MLong
by MBM_Crypto
1
IIFL - Breakout from Bullish Pennant - 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 As can be seen in the image, price was facing resistance from 94-100 zone. It gave breakout from that range with huge volume. Thereafter the price started consolidating in a narrow range which is getting narrower everyday, with bullish bias. Now the price has given clear breakout from Bull Pennant Pattern with good volume confirmation. Entry can be made above the high of breakout candle. SL and Targets are shown in image itself. 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 for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:IIFLLong
by AdityaKarn90
UPDATE: SECOND BREAKOUT ON BTC! But is it fake or true this timeLast time I posted on BTC, Elon Musk put BTC in his bio, causing a spike of around 10%, breaking through the bullish pennant BTC was sitting in. Soon after, BTC retraced back within the bullish pennant, indicating a false breakout. Now we're back above the pennant for a new breakout and it appears we have formed a large inverted H&S as well, the only question is: Will BTC test the resistance line of the pennant and then continue it's bullish trend to higher highs? Or, big OR here, is this another bull trap baiting people to buy another false breakout? Going to be eyeing this like a hawk today to see if we get any confirmation that this is indeed, a true break out. Best of luck everyone!
BITSTAMP:BTCUSDLong
by ColeOutlaw
SHARDACROP - Multiple Patterns breakout - Swing TradeThe above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic as well as the trade setup is shown in image itself. Entry can be made between the range of 285-295. SL and Targets are shown in image itself. 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 for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:SHARDACROPLong
by AdityaKarn90
2
$tsla - bullish pennant, pitchfork confirmation for a move updoesn't take a genius to know they were holding this down pre-earnings. i don't use pitchforks much, but the pitchfork was confirm last week & the length of the flagpole on the pennant aligns perfectly with the top of the pitchfork line. 4 hour chart bullish indicators: - consolidation within the bullish pennant - hidden bullish divergence - bounced perfectly off 50ma last week - macd buy signal incoming other bullish indicators: - over 885, clear skies.. 1K+ can be easily seen - declining volume, higher high on daily - bullish harami candle on weekly at the end of the the day this could all go downhill if earnings go bad. good luck!
NASDAQ:TSLALong
by trayderswift
Bitcoin Shaking Out Weak HandsI will be watching BTC/USD this week to see if it continues the volatility contraction or if it decides to break out of the Bull pennant. Bull Pennant – Bull Pennant Pattern The bull pennant pattern is found within an uptrend in a stock. This pattern is named for the resemblance of a pennant on a pole. The bull pennant is a continuation pattern with narrowing price action following a strong advance. The technical buy point is when price penetrates the upper trend line of the pennant area, ideally on volume expansion. This is what I will be watching... A break below would be a bearish sign and we might see more downside in that case. This is not investment advice.
COINBASE:BTCUSDLong
by Tea-Trades
2