Continuation Wedge (Bullish) | 44% move possible"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily FTSE China Bull 3x Shares (YINN:NYSE). This bullish signal indicates that the stock price may rise from the close of $45.07 to the range of $59.00 - $62.00. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Longposition
Pennant (Bullish) | 10% move possible"Pennant (Bullish)" chart pattern formed on iShares 20 Year Treasury (TLT:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $106.40 to the range of $115.00 - $117.00. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.
BTCUSDT Long position setup 23-3-15After the news about the bankruptcy of American banks and the possibility of an interest rate increase of 0.25%, Bitcoin started a good growth.
My view on Bitcoin is bullish and I have targets of 28,000 to 31,000 in mind for now
The specified area can be suitable for entering a long position. Now we have to wait to reach this range. After reaching the range and seeing the appropriate setup, I enter the long position. This post will be updated...
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
15. Mar .23
(DYOR)
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ICI (Impulse correction Implulse)There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on the support zone. If there is then it is a longing opportunity.
Make sure to make good use of risk management!!!!!!!!!
BNB - Symmetrical TriangleOn the chart we can see a symmetrical triangle pattern, which is a neutral pattern meaning that it can breakout either to the upside or to the downside.
Enter the trade once the price breaks out of the triangle.
Look at the volume surge in order to avoid the false breakout.
Targets for long and for short are shown on the chart.