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Pennant

GOLD - Price can exit from pennant and fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to decline in falling channel, where it first reached resistance line and continued to fall. Gold in a short time fell to support line of pennant, thereby breaking $1995 level, but soon price bounced from this line back. Soon, XAU exited from channel and later rose to resistance line of pennant, but then it made correction to support line. Recently it bounced from this line and reached resistance line again, breaking $2045 level, which coincided with support area. Also recently, Gold bounced from this area and now it continues to rise in pennant, so I think price can rise a little. Then XAU bounces down to $2045 support level, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
🚧ICXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one ➡️ICX has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ICX is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! 🟡Summery: -ICX has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! 🤑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!!
Long
by CobraVanguard
1
After exiting from pennant, Bitcoin can continue grow to 44900Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the 41000 support level, which coincided with the buyer zone, it at once rebounded and made impulse up to the 43450 resistance level. Then BTC started to decline in a downward channel, where it in a short time declined back to the buyer zone. After this movement, the price reached the support line of the pennant and made a strong upward impulse until to resistance level again. When BTC reached the resistance level, it at once bounced below, correcting and after this, the price continued to rise to the resistance line of pennant. Also, the price broke the 43450 resistance level, which coincided with the seller zone, but when it reached the resistance line of the pennant, Bitcoin bounced and soon fell lower than this level. Price declined to support line and a not long time ago bounced up to resistance level and broke it again. At the moment, Bitcoin trades close to the resistance line of the pennant and I think that the price can, after exiting from this pattern, make a correction below and then continue to rise. Therefore I set my target at the 44900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
HelenP. I Possibly Euro can exit of pennant and continue to growHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a few moments ago traded in consolidation, where it first declined to support 2, which coincided with the support zone and then rebounded up to support 1. Then price made a little correction and later made an upward impulse higher than support 1, which coincided with the support zone too. But soon, the Euro around down and made a strong impulse down to the trend line, thereby breaking two levels - 1.0965 and 1.0835. After this, the price started to rise close to the trend line, and in a short time it reached support 2. Next, the Euro entered to the pennant, where it made impulse up to support 1, but then the price corrected to the trend line. But recently, Euro backed up and now it trades near the support area. And I think that price can make a little correction and then rebound up to the 1.1090 level, thereby exiting from the pennant. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
EURO - Price can bounce o support line and make upward impulseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it in a short time reached resistance level, which coincided with resistance area. Then Euro bounced and made downward impulse to support line of pennant, thereby breaking support level and exiting from channel. After this, price bounced from support line and in a short time rose higher than $1.0830 level and later reached resistance line of pennant. Also soon Euro made correction and a few moments ago exited from pennant, where it continues to trades near support line. I think price can bounce from this line and then make impulse up to $1.1050, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
will Bitcoin increase?Hi every one ➡️BTC has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which BTC is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! 🟡Summery: -BTC has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! 🤑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!!
COINBASE:BTCUSDLong
by CobraVanguard
Gold can rebound down from seller zone to 2005 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago traded in a range, where it tried to rise more, but failed and soon rolled down to the 1975 support level, which coincided with the buyer zone. In a short time price broke this level, thereby exiting from the range too and falling to the support line of the pennant. Next, the price rebounded from the support line and made a strong upward impulse to the resistance level, which coincided with the seller zone, breaking the 1975 level again. After this, XAU a little corrected below and then bounced up to the resistance line of the pennant, thereby breaking the 2045 level. But soon, Gold around down and in a short time declined lower resistance level to support line of the pennant, and also later it exited from the pennant too. Then price declined to the support level and a not long time ago rebounded up to the resistance level, where it trades very close to this time. For my mind, Gold can rise to the seller zone and then rebound down. So, for this case, I set my target at the 2005 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
10
Euro can fall to support line and try to exit from pennantHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to rise in an upward channel, where it first reached the support line and then rebounded up to the 1.0670 support level, which coincided with the buyer zone. Later Euro broke this level and reached the resistance line of the channel, but in a short time price corrected to the 1.0670 level. Next, the price rebounded from this level and rose to the resistance level, which coincided with the seller zone, but at once it bounced down and some time rising below it. A few moments ago Euro entered to seller zone, breaking the 1.0965 level, but soon price around down and made a downward impulse, thereby breaking the resistance level again and exiting from the upward channel. After this, the price entered to pennant, where it tried to break the resistance level again, but a not long time ago Euro fell back and now it trades near the resistance line of the upward pennant. So, in my mind, the Euro can reach the resistance line and then rebound down the lower support line, thereby exiting from the pennant. Also, I think the price can continue to fall, therefore I set up my target at the 1.0775 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
EURO - Price can exit of pennant and then fall to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from resistance level, which coincided with resistance area, and started to decline in falling channel. In channel, EUR fell to $1.0780 support level, which coincided with support area and even declined lower there to support line. But soon, price bounced from support line of channel and in a short time rose back and also soon exited from channel. After channel, Euro started to rise in pennant, where reached $1.0980 level and tried to break it, but failed. Price fell to support line of pennant, thereby making fake breakout and now it trades near this line. Possibly Euro can break this line, exit from pennant, and then decline to $1.0780 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
Bitcoin can correct to support line and then make upward impulseHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago reached the 36800 support level, which coincided with the buyer zone and in a short time broke it. Then BTC rose a little more, but soon it made a correction back, after which it entered to upward pennant. In pennant, the price at once rebounded from the support line and made a strong impulse up to the current support level, which is located in the support area. Later BTC broke this level too and continued to move up to the resistance line of the pennant. After it reached this line, the price around down and in a short time declined to the support line, breaking the 41600 level, but a not long time ago it backed up. As well recently, Bitcoin reached the resistance line of a pennant, after which it rebounded to the support area. And now BTC continues to trades near this area and in my mind Bitcoin can correct to support line of pennant and then make an upward impulse, thereby exiting from this pattern. For this case, I set up my target at the 44100 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3