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Pennant

Techno-Funda pickHero Motor is consolidating since Feb 21 and now it has given a Pennant / Bullish wedge breakout with good Volume. Hero is a market leader and consistently showed great growth on YOY basis. Still there is a significant upside left for the stock so in my opinion, one can do SIP in this stock without being worried for Stop loss simply because it has a great fundamentals. Buy it in instalments or on each dips and there will be few resistances before it tests its all time high ie 4000. CMP - 2892 W (6/3/23) T - 3100, 3500 W SL - 2700 W
NSE:HEROMOTOCOLong
by AbNamjoshi
FINNIFTY Expiry Day Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So with gap up today and from days price action forming like pennant or bull flag. Breaking this pattern could give good move if price opens flat only. For trade setup: 1.) If open flat will look for break of this pattern on either side if breaks on upside target will be Today's High (19615) then 19630. On Break of downside target will be 19431 then 19392. 2.) If opens gap up then will wait for price action to form and will trade only if it forms some pattern or if there is good setup. 3.) If open gap down setup will be same as point 2. As on expiry due to theta decay and because of some gamma moves premium values erode fast and they won't gain. so will only trade solid setup with small stop. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:CNXFINANCE
by TradeInsights
RIPPLE - Price can break resistance level and continue to growHi guys, this is my overview for XAUUSDT, feel free to check it and write your feedback in comments👊 When price bounced from resistance area which coincide with resistance level, it made downward impulse. Next, Ripple fell below two support levels and also entered to flat. After flat, price started to trade inside from pennant, where it reached resistance area. But soon, Ripple exited of pennant, entered to falling channel, and fell lower $0.4510 level. And recently price made upward impulse to resistance area, which coincide with resistance level. At the moment Ripple trades near resistance level inside this resistance area and possibly price can break this level and make retest. As well later, price can continue to grow to $0.4840 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
RIPPLE - Price can bounce up of support level and start to growHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced from support line to resistance line, thereby breaking resistance level. After this Ripple made correction to support level and later backed up to resistance line again. Then price bounced down and made strong downward impulse, thereby breaking support level and line. Next price started trading inside from flat, and after flat, Ripple entered to pennant. In pennant, price broke resistance level and now trades very close to this level. In my mind, Ripple can make correction to support level and then bounce up to $0.4700 Thereby price exits from the pennant as well. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀Bitcoin managed to break the resistance line successfully. Now Bitcoin is pulling back to the resistance zone and the resistance line that has been broken. The pullback structure is in the form of a falling wedge pattern, and if we look closely at the chart, we can also see a bullish pennant pattern. I expect Bitcoin to grow up to the resistance zone after breaking the upper line of the falling wedge pattern. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
28
GOLD - Price can break support level and start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price trades between resistance level and support area, and then entered to pennant. In pennant, Gold broke resistance level and bounced higher of resistance area. Later price started to decline and fell to support level, but at once bounced to resistance area, thereby exiting from triangle. Then Gold entered to falling channel, where price broke $2000 level and exited this channel. Also, price fell below $1960 level, but later bounced up, and now Gold trades close. Possibly price can break support level, make retest or not and start to fall to $1940 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
21
Got more Doge?POLONIEX:DOGEUSD Dogecoin is showing this repeating pattern. I like to call it a Pump and Pump :-) Maybe it will ultimately become a Pump and Dump . So I am not going all in. However, a small holding of Doge has the potential of creating a large return. This is an asymmetric risk-to-reward play. I write off all the money I put in. So it is a small loss on my portfolio immediately, but if the trade plays out it will generate a significant gain on my overall portfolio. One fundamental consideration: Doge was meant as a meme coin. Its intended use is 'tipping'. Dogecoins are not defisable. So if Doge goes up by a lot, the tipping and maybe even payment functionality will become less useful or practical. All and all, this is a very speculative trade. Please be aware of that and act accordingly.
POLONIEX:DOGEUSDLong
by davetromp
Which Scenario ?Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was just a liquidity hunt . i predict prices bellow 25K for BTC cause i yet recognize exhaustion in price move , and it is not a good sign if u want to see a bull run ... so yeah , here it is , make ur own judgment .
CRYPTO:BTCUSDShort
by hamidking82
6
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the POC line of the volume profile where trading volume , liquidity and volatility all are the highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves. The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace 5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its upward trend. the retracement would be 50% of the uptrend which started the morning of 5/18 which was a 10% move. The indicator is predicting the uptrend resumption for 5/22. By extension, equity instruments that mirror natural gas prices presumably will have similar moves. I conclude that my profits achieved in BOIL options after the big move should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge for the prediction of the algorithm tool.
FXOPEN:XNGUSDShort
by AwesomeAvani
RIPPLE - Price can bounce up and break resistance levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price traded inside triangle, where it first declined to support level and later bounced up to resistance line. Next, price exited from triangle, started to decline and entered to falling channel. After channel, Ripple broke $0.4430 level and fell below support level, which coincide with support area. Later, price tried to rise, but failed, fell to support level, and entered to pennant. In pennant, Ripple broke $0.4430 and at the moment trades close resistance level. In my mind, price can break this level, make retest or not and continue to grow to $0.4855 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀(Shor term)As I expected in the previous post, Bitcoin was not able to break the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢, but as Bitcoin always does, it created a trap(🐻Bear Trap🐻). Bitcoin seems to be completing the Bullish Pennant pattern , but maybe the ⚠️ low trading volume ⚠️ on Saturday and Sunday will affect the correct formation of this pattern. If Bitcoin can break the upper line of the symmetrical triangle , we can consider confirmation of this pattern. 🔔I expect Bitcoin to grow at least up to the downtrend line after breaking the upper line of the symmetrical triangle, and the next step could be the 🔴 resistance zone($ 28,000-$ 27,660) 🔴. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
32
MATIC Bearish pennant (flag)BINANCE:MATICUSDT Is currently in bearish pennant (flag). We have two scenarios. First (Short): If it break the black trend line. we might touch purple support zone. Second (Long): If it did not break the trend line we might touch orange resistance zone. 🟥Please Pay attention🟥 *Don't forget like and follow.💛 *Please do a research first and then open a position( Not just by my analysis )🧐 *If you liked this idea or if you have any other opinion about it, write in the comments.❤
M
by CryptoSphereTG_1
RIO TINTO (Waiting for Confirmation)Rio Tinto – Mining Market Cap: €1.35 bln Price: $61.74 6 Month Dividend: $2.24 (c.3.2%) – March 2023 Quote Dividends recently cut significantly from $4.79 in March 22 (c.5.7%) to $2.24 April 2023 (c.3.2%). Chart - Whilst the long term trend is up with higher lows on the large pennant since 1990, we have not made a higher high since May 2008 and this is a little concerning long term. - On Balance Volume continues increasing which is position and offers some reassurance. We do have our first lower high here on the short term and this could signify a change in price direction. - In terms of a trade, I’m inconclusive for now. I would like the RSI to come back down to the bottom of the purple RSI pennant at minimum (Short Term Buy potential) or become totally oversold on the RSI for a confident buy in. - Any tests of the bottom of the large pennant would be ideal but this may never happen again, time will tell so we focus on the RSI for now. - At present price is pincered between the 200 week SMA and key support. This is likely an inflection point. A good time to wait and see. - An upward sloping 200 week is positive but it is also acts as resistance and until we are above it again, it will remain resistance. Getting a hold above it could offer a buying opportunity. - I will update the chart when we have some confirmation of direction
NYSE:RIO
by PukaCharts