SPX Bull Flag (Long)No harmonic this time trying something different; a bullish flag.
If this goes right final TP will be 5200.
Based on:
- 1HR tf
- Pole leg @ between 4946.5 - 5111.6
- I believe a channel has established and been respected
- I believe breakout candle closed @ 5089.2
- I believe channel was RT @ 5065.8
LMK what you think, again I'm trying a different approach to analysis.
Open to critique and criticism feel free to comment!
Happy Trading
Flag
DUOL- AI Translation Services for global apps LONGDUOL popped from a 5X earnings beat. I got into this trade last week with a little bump in
relative volume and volatility off-screeners on tech upcoming earnings. The high-tight flag
pattern typically forecasts a leg of a bullish continuation higher after some consolidation.
Options for March 15 went 2.5X overnight. Half the position off the table taking profits.
the other half awaiting the continuation. The risk here is those taking profit or short selling
outnumbering new buyers chasing and causing a fade. Nonetheless, I see the potential for
further profit and will assume the risk.
profit
SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price
dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom
has begun and I have the idea that I should join. My pre-earnings play was closed going into the
earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart
shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have
taken a long trade from the near bottom after this morning's reversal and call options
ITM for the July monthy.
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its
bullrun after the earnings report was a two line beat much like the one a quarter ago.
VERX has impressed traders including this one who got in on the ride early. I will trade
this like others recently with a similar pattern. I will hold during the consolidation and
watch for a break above the flag regression channel. I will add upon the break and
set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while
underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to
the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
🔥 ARBITRUM Massive Bull-Flag Breaking Out!ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future.
Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.
FLAG PATTERN IN WTIEarlier price is consolidating after making swing high in D1 and finally break the chart structure upward. The structure of flag pattern is formed. After retrace at the level 0.50 as per Fibonacci, that was the point of entry and making the target TP is from 0.50 Fibonacci to the same length of pole of the flag (from 0.50 Fibonacci to target TP at the next daily resistance)
RNDR flags to All-time-highRNDR broke the flag on the daily but immediately rejected as a leveraged washout occurred on the market. Many algo traders/bots and leveraged players are getting wiped out with whipsaw price action. This is why I caution against using leverage in crypto unless you are extremely experienced and have a track record of success. Crypto already provides such substantial gains without the leverage. A reset of the stochastic is imminent.
-Rndr fluctuates between my largest and second largest holding even after I sold 10% last time we hit 7.9$
-My next profit taking range is based on network effect expansion ~17$
-I expect all-time-highs this weekend if BTC doesn't dead cat bounce like I have been predicting
-I will need to redo the fibs once we reach price discovery like I had to with INJ
DOW JONES (US30) Trend Following Setup Explained
Dow Jones Index is currently retesting a recently broken horizontal resistance.
Because the trend in strongly bullish, a buying wave may initiate from the underlined
blue area.
Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern.
A bullish continuation will be anticipated to 39080 / 39200 levels then.
If the price drops and sets a new lower low, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
BTC Bullish FlagOn the 4H chart we can see that the BTC is moving in a bullish flag pattern, so soon we can see the break-out, but be careful because we also can see that the volumes are descending, so this can be a manipulative movement and very fast!
IMPORTANT! Always follow the RM strategy while trading!
GOLD moving in a bearish flagOn a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move.
The trading setup may involve entering the market within the flag pattern, considering both support and resistance lines, and utilizing the Williams Alligator angles, preferably on the 15-minute timeframe.
IMPORTANT! Always follow the RM strategy!
Trade GOLD Features at BingX: bingx.com
My followers have 2% cashback from my commission. Deposit easily in crypto. No need to be resident of the particular country!
RNDR flaggingRNDR is consolidating within a small range and looking to flag here with an upside projection of around 11$. I am still very bullish on this token, I have only sold 10% around 7.9$ since I entered the position last year.
🚧INJUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:INJUSDT
✅Today, I want to analyze INJ for you in a 3D time frame so that we can have a MID-term view of INJUSDT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
Injective Protocol may see significant price increase like previous pattern🤔
If a breakout repeats, estimate 60%+ price gain.
❗ Note that if the Flag is broken down with the power of descending candles, our analysis will fail.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Bullish Flag
- AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$TSLA Tesla Down Cycle + Bear FlagNASDAQ:TSLA Tesla Down Cycle + Bear Flag: Our cycle work suggests we are still in a down cycle, and we have identified a bear flag pattern. We will wait for a buy alert before entering a position.
A "bear flag" is a technical analysis pattern that can occur in financial markets, particularly in stocks. It is considered a continuation pattern, indicating that the current downtrend is likely to continue after a brief pause or consolidation phase.
The pattern resembles a flagpole, where the initial downward move forms the pole, followed by a period of consolidation or sideways movement, creating the flag. The flag is characterized by lower highs and lower lows, forming a downward sloping channel or a parallel trendline structure.
Traders often look for a breakout below the lower trendline of the flag as a confirmation of the continuation of the downtrend. This breakout is typically accompanied by increased volume, signaling renewed selling pressure. The price target for the bear flag pattern is often estimated by measuring the length of the flagpole and projecting it downward from the breakout point.
Overall, the bear flag pattern provides traders with a potential opportunity to capitalize on a downward trend continuation by entering short positions after the confirmation of the breakout.
Forsys forming a nice flag for yet another step higherForsys looks primed to continue stair-stepping higher with this latest flag pattern on the daily. Testing bottom of the cloud is certainly possible, but given the environment for uranium and their project scale and jurisdiction, they're in a good spot to keep moving with the trend.
NVAX rises impending an earnings report LONGToday NVAX is selling for a tiny fraction of its all-time high as shown in a previous idea. Earnings
is coming this upcoming week. This week NVAX news release showed it had settled a years long
litigation over a failed COVID. In the face of earnings around the corner, was this news release
a coincidence or instead a case of excellent executive and legal timing? I will skip the
conspiracy discussion.
On the chart, NVAX's bullish momentum is clear on its face. A price rise of 22% from a stock
that has been stuck in deeply undervalued territory for a significant time period is remarkable.
I have bought far out of the money call options into 2025 and 2026 some only this past month.
Those from this month are now up over 250% with 11 and 23 months to go to expiration.
I see NVAX as a risky penny medical stock with a high reward potential relative to the
risk. It is a potential buy-out candidate and bankruptcy is less likely. The rich uncle is
MRNA but the richer uncle in PFE might gain some interest. The wisest of capitalists buy out
the competition when there is an opportunity and do not worry about the government crying
monopoly when life-saving and life-extending medical products are involved. Time will tell.
I expect insane profits.