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Pennant

PNUTUSDT – Breakout Brewing from Bullish Pennant!PNUT Bullish pennant Formation – 200%+ Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! PNUT is consolidating inside a bull pennant after a massive 200%+ rally earlier this month. Currently, it's sitting near the lower support zone, forming higher lows—a sign of growing pressure for an upside move. 🔍 Setup Highlights: Bull Pennant forming Strong bounce zone (green box) Potential breakout path marked in projection 📌 Trade Idea: Entry: $0.31–$0.28 support zone Targets: $0.39 / $0.46 / $0.55 / $0.72 SL: Below $0.27 Leverage: 5x–10x (only for experienced traders) Keep a close eye—once PNUT clears the triangle resistance, things could move fast. What are your thoughts?
Long
by CoreCrypto1
1
Bitcoin (BTC/USD) Bullish Breakout – Targeting $116K Using MMCBitcoin has printed one of the most powerful continuation setups in technical analysis — a Bullish Pennant — and it's playing out beautifully, backed by Mirror Market Concepts (MMC). Let's break down the structure, the reasoning behind this move, and how smart money could be driving this price action. 📈 1. Market Context – The Impulsive Rally That Set the Stage The first thing to notice is the strong bullish move that occurred before the pennant started forming. This rally is important because a Bullish Pennant is a continuation pattern, and without a strong preceding trend, the pattern loses its credibility. This initial move acts as the “pole” of the pennant — a clean, impulsive leg upward, driven by demand and momentum. Such moves are often the result of strong buying from institutions, retail FOMO, or positive macroeconomic catalysts. 🧠 Psychology Insight: The rally injects confidence into the market. Buyers who missed the move now wait for a pullback, while early buyers prepare to scale in on continuation. 🔺 2. Bullish Pennant Structure – The Calm Before the Next Storm After the bullish pole, the price enters a tight consolidation phase, forming a symmetrical triangle: Lower highs and higher lows compress price into a pennant shape. Volume usually declines during this phase, showing that the market is resting, not reversing. The market is essentially "charging up" for the next big move. 💡 Why This Matters: The Pennant shows temporary equilibrium between buyers and sellers. A breakout typically signals which side wins — and in this case, buyers have taken control. 🪞 3. Mirror Market Concepts (MMC) – The Secret Weapon This chart also showcases the power of MMC (Mirror Market Concepts), a strategy based on the idea that the market tends to reflect its previous behavior, structure, and reactions. Here’s how MMC applies: The price broke out of the pennant, then came back to retest the breakout area, just like it did during the previous breakout from the consolidation zone. The Mini SR – Interchange zone acted as resistance before, and now it’s acting as support — a classic Support/Resistance flip (SR flip). The retest behavior mirrors the earlier breakout structure, offering a confirmation that the market is following a familiar rhythm. 📊 Trading Logic: When a market behaves similarly at two different points in time, it’s often a signal of institutional activity — "smart money" repeating proven entry points and exits. 🔁 4. Retesting – The Entry Opportunity for Smart Traders After the breakout from the pennant, price didn’t just shoot up — it pulled back to retest the broken structure. This is a high-conviction setup in technical trading: ✅ Retest confirms the breakout was valid (not a fakeout). ✅ It provides a safe entry point for traders who missed the initial impulse. ✅ Volume and bullish candle structure post-retest indicate buyer interest. 📌 The Mini SR – Interchange zone, around $106,631.69, acted as the perfect launchpad for the next bullish leg. 🎯 5. Trade Setup – High R:R Swing Opportunity Let’s look at the exact setup this chart offers: Entry: After the breakout and retest near $107K–$108K Stop Loss (SL): Below the support zone at $106,631.69 Target (TP): At $116,105.65 — derived by projecting the height of the pole from the breakout zone This gives an excellent reward-to-risk ratio, a key principle in sustainable trading. 🧠 6. Psychological Fuel – Why This Move Has Legs Traders who missed the earlier rally are now watching closely for entries. Retail traders are seeing confirmation. Institutions may already be in from lower levels and are now defending support zones. Sentiment is bullish post-retest, increasing volume and momentum. It’s a self-fulfilling prophecy: as more traders recognize the pattern and the confluence, the trade becomes even more likely to play out. 🗓️ 7. What to Watch Next – Smart Risk Management Even though the pattern looks strong, smart traders always remain cautious: ✅ Move SL to breakeven once price moves halfway toward the target. 🔄 Consider taking partial profits near interim resistance zones (like $112K). 📆 Stay alert for economic events or Bitcoin news that could cause sudden volatility. 📘 Conclusion: Bullish Setup with Proven Structure and MMC Confirmation This BTC/USD chart is a textbook example of a Bullish Pennant breakout, with added strength from Mirror Market Concepts and a clean SR Flip retest. For swing traders and price action lovers, this setup offers a structured, strategic, and smart opportunity to ride the next wave of Bitcoin momentum.
CRYPTO:BTCUSDLong
by GoldMasterTrades
$NVDA $TSLA $META $AMZN – Triangle Squeeze Incoming?📊 Symmetrical triangle formations are building across these tech giants — and volatility is compressing. 🔍 What to watch: 📈 Breakout above upper trendline = bullish momentum 📉 Breakdown below lower trendline = bearish confirmation 📉 RSI on NASDAQ:NVDA is at 73.04 = overbought warning ⚠️ NASDAQ:NVDA earnings drop May 28, could be a trigger for resolution These coils don’t last forever. Price is building pressure — and one strong candle could break the dam. Stay sharp, and tighten your stops. This is where risk management matters most. 👇 Which side are you betting on — breakout or breakdown?
NASDAQ:AMZN
by SmartSignalss
Euro will start to grow from support and then leave pennantHello traders, I want share with you my opinion about Euro. Previously, price was moving confidently inside an upward channel, forming steady higher highs and higher lows. After a clear breakout from that structure, the price started consolidating inside a new pattern, an upward pennant. This formation usually appears as a continuation structure, where the market builds pressure before a new impulse. Currently, the price is trading near the middle of the pennant, after rolling down from the resistance line and rebounding up from the support area. The structure is compressing, and a retest of the support line near 1.1155 may occur before a breakout happens. Given the confluence of the pennant structure, the strong support area, and the previous bullish momentum, I expect the Euro to rebound again from the lower trend line and initiate an upward breakout. That’s why I set my TP 1 at the 1.1500 level, a logical target aligned with the upper boundary of the pattern and next key resistance. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
6
GOLD - Price can bounce up from pennant to $3380 pointsHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊 A few moments ago price reached resistance level, but then bounced and started to flat, breaking this level again. In flat, price declined to support level, which coincided with support area, and then started to grow. In a short time, Gold exited from flat, breaking $3325 level and then entered to pennant, where it started to fall. Price soon broke $3325 level again and made a gap, after which dropped to support line of pennant, breaking $3205 level. But then price quickly turned back, breaking $3205 level again and even reached resistance level, after which corrected. Now I think that Gold can decline to support line of pennant and then bounce up to $3380, exiting from this pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by WalterMoon
6
EURO - Price may make a movement up and then dropHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few days ago price traded between $1.0870 level inside a flat, where it after fell to bottom part and made an upward impulse. Price exited from flat, breaking $1.0870 level too, and then made a correction, after which continued to grow. Later, Euro reached $1.1425 level, breaking recently $1.1155 level recently, and soon price broke $1.1425 level too. Next, price started to traded inside pennant, where it dropped from resistance line to support line, breaking $1.1425 level again. Euro fell to support line, after which started to grow and in a short time, rose to resistance line. Now, I think that Euro may make a movement up and then start to decline to $1.1235 support line of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by WalterMoon
7
Educational Video: Nifty Outlook-How Technical analysis is done.We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
EURUSD | Bullish Pennant Breakout – Retest Before the Target📊 EUR/USD (1H Timeframe) The EUR/USD pair has shown a textbook example of a bullish pennant formation, which typically occurs during strong uptrends and signals a continuation of the bullish momentum. The price had an impulsive rally prior to the formation of the pennant, indicating a strong underlying bullish sentiment. Following the rally, the market entered a period of consolidation where price action began to coil between two converging trendlines – this is the pennant structure, marked by lower highs and higher lows. This tightening price action typically suggests that market participants are pausing to digest the previous move, often leading to another breakout in the same direction – in this case, bullish. 📐 Key Technical Elements Highlighted: Bullish Pennant Formation: Characterized by a sharp move up (flagpole) followed by a tight consolidation range (the pennant). Volume generally contracts during consolidation and expands on breakout, confirming momentum. Breakout and Retest: Price has broken above the upper resistance line of the pennant. Now pulling back for a retest, a healthy technical behavior often seen in strong setups. This pullback offers a second chance for entry for traders who missed the initial breakout. Support & Resistance Zones: SR Interchange Zone (previous resistance turned into potential support). Minor Resistance Zone above, now likely invalidated by breakout. These zones are critical in evaluating potential price reaction and risk control. Projected Target: Based on the measured move from the pole height of the pennant added to the breakout point, the projected target stands near 1.14315, a level of prior structural interest. 🎯 Trade Plan – Technical Strategy ⚠️ This is a hypothetical scenario for educational purposes. Always manage your risk. Entry Zone: On confirmation of a successful retest (bullish price action at trendline support) Stop Loss: Below the pennant’s lower trendline or the SR interchange zone (1.1245 – 1.1260 region) Target: 1.14315 (based on breakout projection) Risk-Reward Ratio: Approx. 1:2 to 1:3 depending on entry precision 🔍 Psychological & Market Structure Notes: A bullish pennant is a sign of accumulation after a strong rally – it tells us that buyers are resting, not gone. The retest shows institutional behavior: smart money often allows price to come back to a breakout level before driving it higher again, to shake out weak hands and trap late sellers. Momentum traders and breakout traders often wait for confirmation on the retest to pile in with higher confidence. 📚 Educational Takeaway: This setup serves as a great case study in: Continuation patterns (Bullish Pennants) Breakout-retest behavior Measured move target projections Trend confirmation techniques Market psychology and structure If you're learning technical analysis, this is a high-probability pattern that occurs across many asset classes including forex, crypto, and stocks.
Long
by GoldMasterTrades
TRUMP is Back on the Move! Breakout Trade Setup Inside!!🚀 TRUMP Bull Pennant Breakout – 40% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 TRUMP is breaking out of a symmetrical triangle in the 4H time frame — signaling the potential for a massive upside move! The last time we saw similar consolidation, it exploded with over 40% gains. 📈 Entry: Current Market Price 🎯 Target: $18.70+ 🛑 Stop Loss: $12.58 Lev: Use low lev (Max 5x) 📊 Risk/Reward: High-reward setup for breakout traders 🔥 With momentum building and volume picking up, this setup could deliver strong returns if the breakout sustains. 💬 What are your thoughts on this move? Are you trading $TRUMP?
Long
by CoreCrypto1
BITCOIN - Price can leave pennant and rise to $106500 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago, price traded inside a flat, where it declined to the $93400 support level and then rose to the top part of the flat. Then it corrected, after which made a strong upward impulse, exiting from flat, and continued to grow in pennant. In pennant, BTC broke $97800 and $102300 levels, after which it made retest and continued to grow to resistance line. When the price reached this line, it corrected to support area, after which tried to grow, but failed and fell back. But recently it rose to the resistance line of the pennant, where at the moment it continued to trades near. In my opinion, BTC can correct to support line and then bounce up to $106500, exiting from the pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
EURO - Price can continue to decline in falling channelHi guys, this is my overview for EURO, feel free to check it and write your feedback in comments👊 Not long ago, price entered to pennant, where it at once made an impulse up and broke $1.0820 level. Then price rose to resistance line of a pennant and then corrected to support area, where it later reached the support line. Next, Euro made an upward impulse, thereby exiting from the pennant pattern and breaking $1.0820 level again. Price made a small correction and then rose higher than $1.1270 level, breaking it, but later started fall in falling channel. In channel, Euro broke $1.1270 level one more time and fell to support line, after which rose almost to this level. Now, I expect that price can rise to the resistance line and then continue to fall in a falling channel to $1.0960 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
BTC Bullish Pennant Breakout – Eyeing $107K TargetBitcoin (BTC/USD) has recently demonstrated strong bullish structure following an extended consolidation phase. The current price action suggests a textbook bullish pennant breakout, which often indicates trend continuation in strong markets. This technical setup follows a period of accumulation and consolidation between March and April, with a well-defined pennant formation leading into the breakout in early May. Technical Analysis: Historical Context & Structure: From mid-February to March, BTC experienced significant downward pressure, eventually finding major support in the $76,000–$78,000 zone, which is clearly outlined on the chart as a key support level. This support zone initiated a reversal, forming the base of a new bullish leg that marked the beginning of the next trending phase. Consolidation Phase – The Ellipse Region: The price action within the elliptical region (mid-March to late April) reflects accumulation behavior, with multiple rejections on both upper and lower bounds, indicating balance between buyers and sellers. This phase formed a foundational structure, setting up the stage for a breakout pattern. Pennant Formation (Late April – Early May): The price sharply rallied in late April, breaking out of the consolidation and moving into a tight triangular pennant pattern — a classic continuation formation. This bullish pennant features converging trendlines, lower volume, and diminishing volatility as price consolidates — all typical characteristics. Breakout and Retest: The breakout from the pennant occurred on high momentum with strong bullish candles. Post-breakout, the price approached the resistance zone (~$103,000–$105,000) and is currently attempting to establish support at this level. This retest adds validity to the breakout and opens the door for further upside continuation. Trade Parameters: Entry Zone: Breakout above the pennant (~$99,000–$100,000), confirmed by momentum. Resistance Zone: $103,000–$105,000 (currently being retested). Target (Measured Move): Using the height of the pennant pole (~$20,000 move from $80K to $100K), the projected target lies near $107,307, aligning with horizontal resistance. Stop Loss: Set at $93,344, just below the pennant’s lower boundary. This level also aligns with recent structural support and invalidation of the pattern. Risk/Reward Ratio: Approx. 1:2.5+, offering a favorable setup assuming trend continuation. Additional Notes: Volume: Although not shown, breakouts from pennants are ideally confirmed by an increase in volume, indicating market conviction. Volume confirmation is highly recommended for trade confirmation. Market Context: This setup aligns with broader bullish sentiment in the crypto space and may be reinforced by macroeconomic or ETF-related developments. However, risk management remains key, especially around psychological levels and news-driven volatility. Conclusion : Bitcoin is currently in a strong technical position. The breakout from the bullish pennant pattern following prolonged consolidation signals continuation of the prevailing uptrend. Traders should watch for sustained price action above $103K for confirmation. A pullback or retest toward this level can present re-entry opportunities before a potential move toward $107K. Tight risk management is advised with stops below $93K.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
XAUUSD Bearish Pennant Breakdown | Retest in Play – 3090 TargetGold (XAUUSD) has been in a corrective phase after reaching the resistance zone around 3370–3420 USD, where the price was previously rejected with strong selling pressure. Over the past sessions, price action has developed into a Bearish Pennant pattern, typically seen as a continuation pattern in a downtrend. Following a sharp drop from the highs, the price consolidated between converging trendlines, creating lower highs and higher lows. This structure resembles a pennant or triangle formation, which traders often interpret as a pause before the next leg down. 🔍 Key Technical Features: 1. Resistance Zone (3370–3420 USD): Strong institutional selling observed here. Multiple rejections confirm this zone as a significant supply area. This area also serves as a risk management reference point for stop-loss placement. 2. Support Zone (3210–3230 USD): The price bounced multiple times from this level, making it a key demand area. A clean break below this zone would confirm bearish continuation. 3. Trendline Resistance: A descending trendline has been respected consistently since May 8. Price recently retested this trendline after a minor pullback, aligning with the bearish pennant structure. 4. Bearish Pennant Pattern: Forms after a strong downward impulse. The consolidation is narrowing within converging trendlines. A breakdown with high volume typically leads to a continuation of the prior trend. 5. Breakout & Retest: Price has already broken below the pennant's lower boundary. The current move is a retest of the broken trendline—a classic setup for entering a short position upon rejection. 🎯 Bearish Target Projection: The measured move from the pole of the pennant suggests a target around 3090 USD. This level is derived by taking the height of the initial drop before the pennant and projecting it downward from the breakout point. 🛑 Stop Loss Strategy: A conservative stop loss can be placed just above the 3370 USD resistance zone. Alternatively, a tighter stop could be placed slightly above the trendline (~3240–3250) for aggressive entries, though this increases the risk of a false breakout. ✅ Trading Plan Summary: Aspect Level / Detail Entry Zone After retest & rejection (near 3230–3240 USD) Target 3090 USD Stop Loss Above 3370 USD Risk-Reward Approx. 1:3 or higher Pattern Type Bearish Pennant 🧠 Final Thoughts: This is a textbook bearish continuation setup with strong confluences: Trendline resistance Bearish pennant formation Breakdown with retest Clear resistance and support zones for managing risk If momentum sustains to the downside after the retest, we could see a swift drop toward 3090 USD, offering a favorable shorting opportunity for swing and intraday traders alike. Always confirm with volume and candlestick confirmation before execution. Stay updated with fundamental drivers such as CPI, PPI, or FOMC comments, which can inject volatility.
OANDA:XAUUSDShort
by GoldMasterTrades
Bitcoin may drop to 102K points, exiting from pennantHello traders, I want share with you my opinion about Bitcoin. After breaking out of a multi-day range and launching a strong impulse from the buyer zone, the price has formed a clear upward pennant pattern. This technical formation often signals a potential slowdown in the bullish momentum, especially when it follows an aggressive move to the upside. The current price action shows that BTC has approached the resistance line of the pennant, but failed to generate further breakout strength. Each new impulse within the structure has weakened, and the market is starting to compress inside narrowing boundaries. The support area has been holding the structure temporarily, but the inability to push through the top of the pennant suggests growing exhaustion among buyers. This setup indicates that BTC may soon break downward from the pennant. So, I expect that it will make a correction that could drive the price down to the 102000 points, thereby exiting from pennant pattern. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
21
EURO - Price can break support level and continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded near $1.0835 level and then it made strong upward impulse, breaking this level. Then it continued to move up inside an upward pennant, where it reached the next support level, which broke soon too. After this movement, it reached the resistance line of the pennant and then corrected the support line. Euro tried to grow more, but failed and started to decline inside falling channel, exiting from pennant pattern. In falling channel, price declined to $1.1200 support level and then turn around and start to move up. I think that Euro can grow a little and then fall to $1.1065 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9