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Flagformation

XMRBTC is creating a bullflag below weekly resistance 🦐XMRBTC is creating a bullflag below weekly resistance, after a nice recover. IF the price will break the weekly resistance According to Plancton's strategy, we can set a nice order Weekly ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
XLong
by InkyGrip
21
GBP Continues To Find Buyers On DipsThe Relative Strength Index on the four-hour chart rising to 70 area. Other indicators are also positive – Momentum is to the upside and the pair is trading above the 50, 100, 200 Simple Moving Averages. On the upside, firm break above 1.3012 resistance will resume the whole rise from 1.1958. On the daily chart, the 200 SMA sits just below the flag formation, so that of course is a bullish and supportive sign. The flag suggests that we are going to go looking towards the 1.38 level above, but before that the price should face and break 1.33 the key resistance. The 1.2770/50 region below is an area that is important from a structural standpoint, and now that we have the 50-day SMA reaching towards the 200-day SMA, we could get the so-called “golden cross” that attracts a lot of buying. Overall, a downside correction may be expected, but GBP/USD still has room to extend its gains afterward. We believe that the 1.25 key level underneath is also going to be supportive as it is a major round figure. You can share your thoughts with comments bellow.
Long
by ForexTrendline
US 30 Bear Trend; If continuation from bear flag pennantEquities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less. IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve favorably; this seems doubtful atm. FOMC will likely be too little too late, as usual. You can see index fell sharply below rising TL, bounced up to retest it, and was rejected. Although another retest is possible, it seems the Bears are gaining traction now. This alternative Bear Theory to compare & contrast with my earlier pub on a Bullish Reversal. If the Bulls fail this will unwind real fast. Still consolidating- caution is in order! GTLA trade at your own risk, this isn't advice, just an idea.
DJ:DJIShort
by DaddySawbucks
12