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Flagpoles

$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! 5 REASONS WHY: 1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back. 2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area. 3⃣ RSI is running into resistance 4⃣ Stochastic (Trend) is at all-time highs 5⃣ William R is hitting resistance where the stock has bounced off 4 other times. I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14. Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will the Flag Pole get bigger, or do you agree we are due for a pullback? What other stocks do you want to see an analysis of? Not financial advice.
NYSE:IONQShort
by RonnieV29
META: Potential 5 to 10 Bagger in 2024Fundamentals: If the NFP numbers explode up on Friday, then that means that the FED might have to increase rates, putting pressure on US companies' earnings. This may cause META to topple a bit before earnings. If not, then the same rate for longer. It is the first Friday of the week. Sales have accelerated in META and earnings are above 20% q/q. However, its three-year earnings are below 5%. But if this changes when earnings come out in April 2024, then that will renew META as a super stock for 2024. It will be added to the two I already have: NOW, and NVO. Technical Market Scenario: The SPX500 has a 2.5%-10% market correction. Then rallies to Around 6000 By End of 2024. Technicals: ON the daily chart, META broke out and pulled back with higher volume, signaling caution for tomorrow. If it does not continue tomorrow, then I anticipate consolidation for the month in META, then an earnings breakout. uHd with extreme bullish indicator. META bounced off of daily 486 horizontal support. Daily flag pole breakout Daily Chart: Weekly Chart: Comment: If the above scenario plays out and insider and investor expectations increase or are solid, then I expect META to be at $600 to $1000 within 12 months. However, If META topples, then there is a large buy zone area to watch at $400; a confluence area of a 50% fib, horizonal support from September 2021's all-time high and kijun support.
NASDAQ:METALong
by Rocketman
AMZN to $1881HR Chart Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this value rests near the 168.1% level. On-Balance Volume (OBV) has a positive slope which suggests that bullish investors are outpacing the bears. I also recently began using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators. While my experience with RSI and MACD is limited, the RSI appears to be approaching a bearish crossover before the MACD crosses above its signal line. I interpret this as a possible correction to the pennant support line (the 4th leg) with a near immediate recovery. 1D Chart A share price in the $180s should be carefully watched as this level has been a significant area of resistance in the past. As tempted as I am to suggest it may be forming a double top, the middle trough dipped too low and it appears that AMZN may be trading in a horizontal channel. If AMZN surpasses the $188 price ceiling with significant volume then a 12 month price target of $250 is pragmatic. Should the opposite occur then a 12 month target of $80 could also be expected.
NASDAQ:AMZNLong
by Shepherd_Investor
2
I'm Finally Blasting "IFB" Industries :) - Part 2IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern. After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets Targets 1) 1500 2) 1990 3) 2800 4) 4000 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:IFBINDLong
by Stocks-n-Trends
Ramp Walk REMO stealing the show - Arvind FashionsArvind Fashions is doing Bold Ramp Walk :) On Weekly - we see Double Bottom Pattern, Followed by Flag Pole - All Breakouts powerful and successful and heading to defined targets steadily Target 1 - 517 (Reached) Target 2 - 531 Target 3 - 640 Target 4 - 700 Target 5 - 780 As part of the Budget there is incentives for Textile industry and we expect strong upside on many Textile Stocks and Arvind Fashions on Technical Chart is having a Powerful structure to grow much higher Keep Holding your Winners Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ARVINDFASNLong
by Stocks-n-Trends
GBP/USD Bull Flag - 1-Hour ChartToday we are looking at GBP/USD on the 1-Hour chart. We have a potential bull flag set up. Now, this is very important, this is a counter-trend setup. On the 4-hour and daily charts, the price is still incredibly bearish. We have touched a major support zone on the daily time frame so looking for some bullish setups is perfectly reasonable, however, we have to be careful. On the 1-hour chart, we can see we have a nice impulse up which forms the flag pole. Then we have two giant wicks (which I am not a fan of with flag setups) These wicks were filling the imbalance formed on the left. Those gaps have been filled. I then put a zone around those wicks at the very top of the flag pole. This is a strong resistance zone. For this setup to be validated, I want to see the price close strongly above this region. We also need a strong bullish volume to accompany this impulsive move through the resistance zone. If we see this, I would be waiting for a retrace back into this zone. Now, the problem arises with how deep we want the retrace to be. This resistance zone is quite large because of those giant wicks. I am a very conservative swing trader so I would probably wait for quite a deep retrace. This would give me a better entry as well as a higher risk to reward. I may or may not miss an entry by waiting for a deeper retrace. However, in my experience, patience is key and If it does retrace to my entry-level, I can manage my risk and risk to reward a lot better than if I entered with a shallow retrace. My targets would be up above at previous price structure around the 1.1928 price level. However, we must understand that as this is a counter-trend setup, we have to consider that and not risk as much. If we can practice doing this with lower grade probability setups, then this will help us achieve profits with positions even when we go against the trend. If the price does not break above the resistance zone and retrace back into it then I will not be looking for any entries. The flag will become invalidated (in my eyes) and I will move on. I have set up an alert which that will inform me when the price closes through the resistance zone. Let's keep an eye out. It's always bennificial to see what price does on occasions like this. See you on the next one The Vortex Trader.
Long
by TheVortexTrader
Basic pattern charting shows clear path to $1M bitcoin Time and time again I have been told to master the basics and when it comes to trading nothing is more basic than charting triangles. Likewise, few things are more basic than cloning a trendline used to measure the height or depth of a move and dragging it over to the breakout point of whatever structure you are looking at. Just a tiny bit more advanced for targeting is using Fibonacci extensions to help with targeting with flagpoles. As the chart shows merely cloning the height of the flagpole from the C19 low to the flagpole high to an approximate break out point, which since we are looking at an ascending triangle remains the height of the flagpole itself, we get a target just over $1M. If the flagpole should be taken from the low of the ascending triangle that target would be the 1 line at about $485,000. I would not be surprised to see a major pull back at the 1 line and an even larger stall at the flagpole target. A zoom in of the triangles shows plenty of internal structure for all trading types. Break out traders could look to long the breakout of the triangle, support and resistance traders can likewise long and short as they see fit. Basic bullish trades could include Longing the support of the symmetrical triangle and taking profit at either the symmetrical triangle resistance or ascending triangle resistance Longing the breakout of either the symmetrical triangle or the ascending triangle Waiting for price action to retest either previous triangle resistances as support And of course there are bearish versions of these trade set ups if I am 180 degrees and 100% wrong. If I see either of my triangle supports get broken and then appear to be re-tested as resistance I will be eating a lot of humble pie as I flip my positions Likewise I see a massive ascending triangle on Total2. This is also very easy to trade technically with stops and fibs. Below is a draw with target setting on the height of the ascending triangle alone. Fundamentally over the next couple of years I seen a equity bear market with funds rotation into crypto. In other words I think the correlation between equities and crypto can finally break on account of the bullish structure in crypto and the bearish structures equities. this idea doesn't take any effort to look at indicators and divergences and the like. When you add those to the mix the argument gets even stronger. Please see a linked idea below for an indicator post looking at much the same structures.
COINBASE:BTCUSDLong
by This_Guhy
6
Similarities between Bitcoin's rising channels (950% gains?!?!?)This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable that we have higher highs and higher lows the chart below shows that that compared to last time the higher high was not as high, comparing almost 20% in the 2020 higher high to only 6.3% in the 2021 higher high. What is nice for the bulls is that the higher low we have put in so far in 2022 is 18.8% higher then the comparison low in the channel while in 2020 it was only 11.25ish%. So the high is not relatively higher but the low is relatively lower. Hopefully some wonk in the comments can tell us which performs better, is it better to have higher highs, or is it better to have higher lows? Regardless, the targeting and stop loss/trade management is pretty simple. For full performance just see the chart below. It does not get much easier than that. My linked idea about the XABCD butterfly will show a higher up target but that may take a while to reach. We already had a year of sideways and if we hit target with over a 9x who wants to be greedy and hold open a position for perhaps another year? The black flagpole target helped define a significant area for over a year and a half. I assume that if the $440,000 gets met that will likewise be a significant area for a long time. I, however, won't be in the game as I like my XABCD butterfly target of $375k much better. I, also personally, am not going to be doing a whole lot with btc as a trade, but I will be using it to determine where I think the market may stall and reverse. I have my positions and trades on in my preferred alts.
BITSTAMP:BTCUSDLong
by This_Guhy
6