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Pennant

LONG: Perfect High Tight Flag forming on CRSPNASDAQ:CRSP High tight flags were first observed by legendary investor William O'Neil of IBD and CANSLIM fame. Check out the pattern on CRSP, showing an 86.12% gain in just 22 days. Notice the consolidation of 7.02% over the past week forming the high tight flag. Watch for a breakout on strong volume above the leading edge of the wedge for exponential gains. Predict that this will rise to above 120% in the coming weeks. Read more about the launch of an approved product driving these gains at Zacks .
NASDAQ:CRSPLong
by HighTightFlags
4
Pennant - AJHere I have AUD/JPY on the 4Hr Chart! Price was Rejected @ 98.534 creating the high on Nov' 15th. Since then Price failed at the same level and again at attempted Higher High on Nov' 27th! Following this Lower Highs are Higher Lows which seem to be forming a Pennant Pattern! Currently we have 3 Tests of the Falling Resistance and getting the 3rd test of the Rising Support now! Pennants are likely to break Bullish OR Bearish so we must wait for the Proper Break!! Given AUD has some big news tonight, this will play a big role! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! Fundamentally this week: AUD - CPI (Tue) and OPEC (Thur) JPY - OPEC (Thur)
by Novi_Fibonacci
Bitcoin can exit from pennant, make retest, and continue fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago price declined to the support line, thereby breaking the 35900 support level, which coincided with the buyer zone. Soon price rebounded and rose to the resistance line, breaking the 37500 resistance level, but when BTC reached this line, it started to decline and fell back. After this, started to rise near the support line, and in a short time it rose to the resistance level again, but this time it at once rebounded and fell to the buyer zone, breaking the support line. Then Bitcoin entered to pennant, where it firstly rebounded from the support line and made a strong impulse up higher than the 37500 level, which coincided with the seller zone. Price reached the resistance line of pennant and a not long time ago bounced down below resistance level, breaking it again. At the moment BTC trades near the support line and possibly price can break the support line, thereby exiting from the pennant, making a retest, or at once continuing to decline to the support level. For this case, I set up my target at this level - 35900. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
ANH Rings The Bell, Yearly Decline BeginsANH recent price action had price going below 12 June 2023 price, this represent a failed weekly cycle signalling that price is ready to decline into a yearly low price. We see price being rejected at the upper resistance. It is important to note that we have a pennant that is near resolution, it can break either way, if to the upside this can give short sellers a higher point of entry. The expectation is that price will visit the lower pink support line, if we follow timing of previous cycle, we can find a bottom in Feb/March 2024.
JSE:ANHShort
by runyamhere
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level. But I trade BTC,ETH & ALts level by level regardless of beaish senerio as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that. But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating. My targets regarding Eth wil be 400$-700$. i will buy it from there. If you like my idea kindly like it and follow me Thank You Regards Hamza Shabir
BITSTAMP:ETHUSDShort
by hamzashabbir990
Gold can make a movement down and then start to growHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few days ago rebounded from the resistance line, which is located inside the support area, and coincided with the 1985 level to the support level. After this, the price bounced from the 1945 support level and tried to rise, but failed and declined to lower this level to the support line. But then, Gold started to rise near this line and in a short time backed up higher than the 1945 level, which coincided with the buyer zone and soon rose to the resistance line. Next, the price broke the resistance line, and reached the current support level, but at once bounced lower. Also, Gold started to trades in pennant, in which the price made an upward impulse to the resistance line of pennant, thereby breaking the 1985 level. But a not long time ago it rebounded from this line, declined to support line of pennant, and even broke it. And now Gold trades below this line and possibly price can decline a little more and then start to grow. For this case, I set up my target at the 2010 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
4
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD 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! The Next target is around 93$! 🟡Summery: -EGLD has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 93$ 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
by CobraVanguard
1
Pennant - UCADHere I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern! Important factors to mention: The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at 1.38621. The USD has been severely falling since last weeks news on CPI BUT could potentially find support at this 103.0 area like it did last time it was here on Aug. 31st! Fundamentally this week: USD - FOMC Meeting (Tues) Unemployment Claims (Wed) Thanksgiving* (Thur) Flash PMI (Fri) CAD - CPI (Tues) My bias on the pair at the moment is neutral due to the Heavy flow of News this week and the impact it all may have. WAIT for price to give a PROPER break of either the Falling Resistance or Rising Support! *Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
by Novi_Fibonacci
📈 DYDX: Breaking the Charts with Precision! 💹 DYDX has emerged as a star player in the crypto charts, showcasing a compelling technical setup that has traders buzzing with excitement. The recent surge in price is not just a random move; it's a result of a clear breakout coupled with a meticulous retest of a significant accumulation zone. Let's dive into why DYDX is currently trading around the $4 mark. Chart Analysis: DYDX's Technical Brilliance DYDX's chart tells a tale of technical brilliance, featuring a decisive breakout and subsequent retest. The coin surged with purpose, breaking out from a well-defined accumulation pattern that took the form of a symmetrical triangle. Such patterns often signify a period of consolidation before a powerful move, and DYDX did not disappoint. Technical Indicators: The Precision of the Breakout The precision of DYDX's breakout is evident not only in the strength of the move itself but also in the subsequent retest. The price action confirms a clean and well-executed escape from the accumulation zone, showcasing the market's confidence in DYDX's upward trajectory. Trading Strategy: Navigating DYDX's Momentum For traders eyeing DYDX, the breakout and retest present a prime opportunity for strategic entries. Monitoring the coin's momentum and confirming the sustainability of the upward move will be crucial. A well-crafted trading strategy, considering these technical nuances, could position traders favorably in DYDX's promising journey. Conclusion: DYDX's Charting Triumph DYDX's recent price surge is more than a mere spike; it's a triumph in charting precision. The breakout from the symmetrical triangle, followed by a calculated retest, speaks volumes about the coin's technical strength. As DYDX continues to chart its course, traders are poised to ride the momentum of this well-executed move. 🚀 DYDX Analysis | 📊 Technical Breakouts | 💡 Trading Precision Are you diving into DYDX's charting triumph? Share your insights, strategies💚🌐💚 ❗See related ideas below❗
Long
by Yaroslav_Krasko
Pennant - GJHere I have GBP/JPY on the 1Hr Chart in what looks to be a Pennant Pattern!! We've had 2 tests of the Falling Resistance and 2 tests of the Rising Support! There is still room for price to play in the "Pinch Point". As of now I have a Bullish Bias on this idea because price was in a Uptrend prior to entering this pattern! Along with GBP showing strength across the board! -BUT- GBP is heavy with news this week so if news is bad, there is potential for a Bearish Break! Fundamentally: GBP -> Claimant Count Chance (Tue), CPI (Wed) and Retail Sales (Fri) JPY -> "Clear News Week" **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Long
by Novi_Fibonacci
The August 2023 Deja Vu? Fractals🔄🔄🔄 The crypto market often takes us on a rollercoaster ride, and it's during moments of similarity that we can draw valuable lessons. The current situation in the crypto space is strikingly reminiscent of August 2023 when Bitcoin (BTC) traded within a range but only made local highs without attempting to revisit the lows. This eventually led to a local dump. Today's chart seems to echo the past, and it's essential to be prepared for various scenarios – both upward and downward. Let's delve into the similarities and potential outcomes. 📈📉 The 2023 Recap: In August 2023, Bitcoin found itself in a range-bound situation. It repeatedly marked local highs but showed reluctance to retest the lows. This pattern created a sense of complacency that the price would only continue to rise. The Present Resemblance: Fast forward to the present, and the chart appears eerily similar to that of August 2023. Bitcoin is once again caught within a range, and it's been marking local highs without revisiting the lows. This scenario is fueling both bullish and bearish sentiments. The Dual Scenarios: As history has taught us, it's essential to be prepared for both scenarios. In this situation, there are two possibilities: Upward Movement: The price could eventually break out of this range and embark on an upward journey. Local highs might turn into strong support, leading to a bullish rally. Downward Correction: Conversely, a failure to revisit the range's lows could lead to a local dump, where the price corrects to more attractive levels. Trading Strategy: Vigilance: Keep a watchful eye on Bitcoin's price action and how it interacts with the range boundaries. Risk Management: Implement strong risk management practices, especially given the market's volatility. Stay Informed: Be aware of the fundamentals and any news that could impact Bitcoin's price. Conclusion: The crypto market is a realm of repeating patterns and unexpected twists. As you navigate the current situation, remember the lessons from the past and prepare for both bullish and bearish scenarios. The key to successful crypto trading lies in vigilance and adaptability. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale