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Bullish Pennant

Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Bitcoin BTC - Explosive breakout soon! | Wedge | Elliott Wave Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand, 3, 7, 11, 15, 19 = corrective structures. Please keep that in mind! So if we drop even lower from this point, to 20k, for example, then we can count this 9-wave structure as an impulsive wave and we can expect much more later. As per my Elliott Wave analysis, the next wave to the upside should be a massive impulse wave that all bulls want to see. The rising wedge also looks a little bit like an ascending triangle, which is, of course, a very bullish pattern. Next stop 32,500 USDT. We can also wipe out all stop losses at this level before a possible consolidation. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
74
IMBBY Ready For A Bullish PopLooking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross above the 200-day SMA (depicted in neon green), in recent trading the 200-day has acted as a very reliable trend resistance line and it must be surpassed before a major move to the upside is possible for IMBBY. Stop loss is firmly set at 20.00, right around the bottoms of the support trend areas. IMBBY should work. Even in this volatile market. IMBBY's winning characteristics: Cheap valuation, Solid balance sheet, high dividend payer, an international scope of business, and a line of products that have highly insensitive demand. As always this is not financial advice. Good luck!
OTC:IMBBYLong
by Gooby_Trades
XAIR Next Leg UpXAIR has formed a giant bullish pennant with the price closing just under the. 38 Fibonacci level . Bullish divergence can also be seen as the OBV remained flat (slightly positive) while the price declined during the same period. This could signal accumulation. The 50MA is rising rapidly and cold make a "golden cross" in the short term when it crosses over the 200MA. The ADX is at 23 suggesting a moderately strong trend with D+ also rising and well above D-. Price is still well below the POC (12months) suggesting there is demand for shares at higher prices. targeting: $11.01, $12.55
NASDAQ:XAIRLong
by Master_of_Fine_Charts
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale. - If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data. - The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators. - Also the RSI helps us to identify first and third impulse wave by looking at the divergences. - As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent. - Next impulse wave target is 10 000 - 20 000 USD per ETH. - Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
7
COMP/USDT : Moving into a pennantBINANCE:COMPUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $COMP is moving into a bullish pennant and so, As you know bullish pennant target is calculated by the flag's pole. Currently, We didn't experience the breakout yet and it has caused two scenarios for us : - Take Long at the bottom of the pennant with an SL at $41 as active stop-loss on 4H TF. - Take Long after a proper break above the marked resistance zone at $50.68. The minimum target of the pennant is located at $70.10! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
11
Bullish Pennant on NZD/JPY @ H4This chart shows a bullish pennant on the 4-hour chart of the NZD/JPY currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 86.376 ). My potential stop-loss level is marked with the red line ( 84.974 ). I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Long
by AndriyMoraru
Bullish Pennant on FKLI Bullish pennants are continuation chart patterns formed after strong moves and appear in a bullish market. Just like its name suggests, it signals that bulls (buy side) are about to go a-chargin’ again. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. The sharp climb in price would resume after that brief period of consolidation when bulls gather enough energy to take the price higher again. outlook: the price will made another strong move upwards after the breakout. Entry order and position to take Long order (buy) above the pennant Profit target can be set above the breakout of the pennant based on the size of the first flagpole at the beginning of the formation. Protective Stop loss At the bottom of the pennant
MYX:FKLI1!Long
by SirPoji
$FLMN: Making a bullish pennant!* This pattern has until June 13th to break out to either side. * Looks good on all time frames * The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure. Technicals: Sector: Energy - Oil & Gas E&P Relative Strength vs. Sector: 1.17 Relative Strength vs. SP500: 4.09 U/D Ratio: 1.14 Base Depth: 15.91% Distance from breakout buy point: -5.88% Volume -32.44% below its 15 day avg. Trade Idea: * Wait for a break above the pennant resistance before entering. * You can also look to enter around the 6.69 area if the price comes back to test support * I think there may be higher chances of it coming back to 6.95 before moving higher. * Manage risk under 6.69
FLong
by HaseebKhan_90
Bullish pennant corresponding with the andrews pitchforkThe other day I released a reversal prediction based on andrews pitchforks convergence points. Today it looks like there is a bullish pennant forming, and depending on how soon it breaks out, could even correspond with the same prediction zone as the andrews pitchfork convergence. Once again, this is all speculation based on my personal analysis and opinions, and is not financial advice. The stock market for tesla does not move in correlation to the companies performance. If it did, the stock would not be down nearly 20% after the Q1 report outperformed expectations by over 40%. I suspect some large degree of emotional trading currently, possibly around the Twitter purchase. However Twitter is not being purchased by Tesla, it is being purchased by Musk, and although Musk is the CEO of Tesla and has done a fantastic job being CEO, he is not the only one contributing to the growth of the company as a whole, and cannot singlehandedly turn the company around in another direction. Even if Musk were to stop being CEO, Tesla would still be able to perform record breaking growth for at least the next 10 years. It may not be to the same degree as it would with Musk as CEO, however it will still be able to do it, they have an abundance of amazing talent at Tesla, not just Musk. Additionally, Musk has not announced any information about becoming CEO of twitter, and it is very unlikely he will do so. I understand people are concerned with his personal purchase of Twitter, and how much he has talked about it, however people soon forget how much they themselves brag about cool things they do or purchase. Musk is still a human, and purchasing Twitter for him is a big and exciting deal. He is going to brag about it for a bit and spread the word and be excited, that is what humans do. Tesla has had amazing Q1 report this year, especially considering that historically the Q1 and Q2 report has always underperformed the company on average for that year, with the Q3 showing large ramp up year after year, and the Q4 finishing off the exponential trend for that year. They just built 2 huge factories in Berlin and Texas, and those are ramping up, and I foresee them repeating the same exponential growth later this year around Q3 and Q4.
NASDAQ:TSLALong
by MythosStoic
1
GMT/USDT : Formed a bullish pennant !BINANCE:GMTUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $GMT has formed a symmetrical triangle, Which can be considered as a bullish pennant into higher time-frames. - Also $GMT is moving below the ATH and so it comes with three separated targets! If we get the closings above the resistance zone, Then you can open Long on a proper retest $3.5's broken zone. Targets are : - $3.66 ( ATH's resistance ) - $4.13 ( ATH's break-out target ) - $4.53 ( Symmetrical Triangle's break-out target ) - $5.00 ( Bullish pennant's break-out target + FIB extension's target ) Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
16
GMT: BREAKOUT! READY TO GO $5!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this GMT/USDT TRADE setup. GMT looks good here. GMT is breaking out from the bullish pennant pattern in the 4hr time frame. Expecting it to reach $5 soon. Buy some now and add more in dips. Entry range:- $3.25-$3.40 Target1:- $3.70 Target2:- $3.92 Target3:- $4.44 Target5:- $5 SL:- $3.06 Use low leverage 2x-4x If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
CAKE/USDT TRADE SETUP! BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here. CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips. Entry range:- $9.2-$9.4 Target:- 20-22% SL:- $9.04 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1