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Pennant

Vix update Purple line 50sma... If we close above this, the next resistance will be trendline at 24 Starting to get overbought on the 1 hour chart and 2 hour chart... Which means unless this is a black swan event we may cool off at 24 until FED minutes... Personally I don't like being short equities, especially swinging when the vix becomes overbought on 1 hour.. On the day before the last CPI pop the vix was overbought on 1hour and the next day the indexes rallied 3%. Now we're going into the FED minutes overbought.. let's see what happens. The double bottom pattern has almost fully rounded here 2 things I'll be watching 1.Qqq 260 2. Vix 24
TVC:VIX
by ContraryTrader
GOLD - This is brutal, no one expected it! Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely. GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it! We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal wedge from the Elliott Wave perspective. This indicates that the bulls are losing steam. The question now is, "How deep is the retracement going to be?" First of all, we should completely wipe out the wedge and also test the unfilled GAP, which is at the 0.618 FIB retracement. There is a parallel channel projection, so this is a good level to profit from your shorts. I marked this whole uptrend as an impulse Elliott wave pattern, which suggests that gold can potentially go much higher later next year. This is my bullish scenario, I also have a bearish scenario, that I will post sometimes, maybe in January, so follow me and hit the like! Maybe gold will be a good hedge against the upcoming recession. I think the bull market on the dollar is not over yet, and we are going to see new highs on the DXY index. Thank you, and have a good one!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
93
Baxter (BAX) bullish scenario:The technical figure Pennant can be found in the daily chart in the US company Baxter International Inc. (BAX). Baxter International Inc. is an American multinational healthcare company. The company primarily focuses on products to treat kidney disease, and other chronic and acute medical conditions. The company had 2017 sales of $10.6 billion, across two businesses: BioScience and Medical Products. Baxter's BioScience business produces recombinant and blood plasma proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies and other chronic and acute blood-related conditions; products for regenerative medicine, and vaccines. Baxter's Medical Products business produces intravenous products and other products used in the delivery of fluids and drugs to patients; inhalational anaesthetics; contract manufacturing services; and products to treat end-stage kidney disease, or irreversible kidney failure, including products for peritoneal dialysis and hemodialysis. The Pennant broke through the resistance line on 28/12/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 6 days towards 53.63 USD. Your stop-loss order, according to experts, should be placed at 49.17 USD if you decide to enter this position. Baxter International Inc. has announced that it will pay a dividend of $0.29 per share on the 3rd of January. This means the dividend yield will be fairly typical at 2.1%. Analysts expect a massive rise in earnings per share in the next year. If the dividend extends its recent trend, estimates say the dividend could reach 17%, which we would be comfortable to see continuing. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:BAXLong
by legacyFXofficial
XAUUSD | Bullish Pennant Continuation Pattern spotted#Week10-11-Strategy-1&2 BULLISH INDICATOR (DEC 28) 1. Bullish HH and HLs 2. Morning Star (Three Candles) formed at the time of analysis 3. The bullish trend line got broken but the price could not break the significant resistance at 1824 4. Chart pattern is similar to a Bullish Pennant and forming, which is a Continuation pattern. The price action is expected to stay sideways for some time before going bullish 5. Price action is expected to stay sideways between the FIB level 50% and 61.8% 6. As per the seasonal, last year’s price reached the zone of1840 and it is expected to do the same in 2023 6. RSI does not show any divergence so a Bullish trend is expected in a short term BEARISH INDICATOR (DEC 28) 1. Price action may test the zone of 1820-1825, to create a double top, if reversal would happen 2. If Price action could not reverse at 1825 then new HH could be expected in the range of 1840 and 1884, which are significant resistance zone on daily charts PREDICTIONS 1. Due to the Bullish Pennant continuation pattern, the price is expected to stay sideways for some time before continuing the Bullish trend. 2. Will LONG with trailing SL and prepare for trend reversal around 1840 to 1884. BIAS 1 = LONG - PLAN 1 (Buy @ Market price) BIAS 2 = SHORT - PLAN 2, (if PLAN-A SL1 hits then anticipate to Sell @ then market price after re-checking the bearish indications) TRADE PLAN ———————— PLAN A: Long @ Market price EN1: 1813.1 (@ Market) EN2: 1813.1 (@ Market) SL1: 1801.25 TP1: 1824.9 - RR: 0.99 - Lt: 0.05 SL2: 1799.6 TP2: 1833.6 - RR: 1.52 - Lt: 0.1 PLAN B: SHORT at 1800.7 If SL1 of PLAN A hits signaling reversal after double top EN: 1800.7 (@ Pending Sell Stop Order) (Re-Check Values Again before entering the trade) SL1: 1810 TP1: 1790.8 - RR: 1 - Lt: 0.05 SL2: 1813.4 TP2: 1783.06 - RR: 1.4 - Lt: 0.1
OANDA:XAUUSDLong
by haroonraees
2
XRP - Whales will start buying XRP here. But first a 55% DROP! This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable. If you ask me when moon for XRP? I can tell you that after we hit 0,1 - 0,09 USDT, the whales will start buying massively. The whales are going to send XRP to the moon! And I am telling you it will be massive; you don't want to miss it, so hit the LIKE if you think I am right. But let's be realistic; this is the biggest bear market in history, and it's better to buy XRP at a cheaper price. XRP is stuck in this parallel channel on the weekly chart, and the bears are in full control. There are no signs of a trend reversal at all. No buying alerts from whales As per my Elliott Wave analysis, this downtrend is so incomplete. We are in the middle of the bearish trend that started on April 13, 2021. But we are basically finishing the downtrend that started in 2018. It can take another 1-2 years for XRP to bottom out. XRP is ranked 6 on CoinGecko, which is pretty impressive. Transactions on XRP are extremely fast and extremely cheap, so it's a pleasure to use it for payments. But it's not a digital gold nor a store of value and will never be, this can only be Bitcoin. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
71
Bitcoin - Secret pattern no one is talking about! Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C wave to the upside. There are many shorts that must be eliminated before bitcoin experiences a historic crash! The previous uptrend from November 21 to December 14 was nice, but unfortunately, there are a lot of signs of weakness in this particular move. Example: There is an overlap between wave W and wave X. It looks like a WXYXZ triple-three (ZigZag) corrective structure. The subwaves look like zigzags, not impulses. That's why I am being a little bit pessimistic about this previous uptrend. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. 15487 is the next major support, and I believe the market wants liquidity below this level. All stop losses should be hit first, and then I expect a bullish pullback. I will inform you in my next analysis, so make sure you follow me! It's better for Bitcoin to crash to 10k immediately, so we can eventually start a new bull market sooner rather than later. Probably the last thing you want is for Bitcoin to slowly rise to 21k–30k and then dump to 10k. Check out my related idea about "Bitcoin - Merry Christmas!" in the related section down below; you don't want to miss it. I think we will see more major players capitulate, so stay safe! There is an opportunity to wipe out big players out of the game now or never. Thank you.
by UnknownUnicorn2537518
67
DGSTACC: MACRO ANALYSIS OF QQQ / PENNANT FORMATIONIn the chart above I have provided a simple analysis on what can be considered for when it comes to the overall market. 1. Pennant Formation is provided by taking higher lows and lower highs with a point of convergence. 2. If followed through Pennant path can force price action to previously seen pre-covid times. 3. This would in fact validate a completion of GOLDMAN SACHS 340 market bottom prediction for SPY if QQQ is to fall to 240. Note: This Macro chart will be used for reference and complete a more micro analysis of QQQ.
NASDAQ:QQQShort
by DGSTBROKERACC
DOGE - Extremely bearish pattern, buy/long here! Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders. I am buying doge exactly at 0.06112 for a short-term profit. I will trade it on the futures market, of course, but you can do it on the spot market as well. Don't forget to set your orders! From the Elliott Wave perspective, the previous uptrend looks like a 3-wave ABC corrective structure. Not the best sign. I remember before everyone was buying DOGE like crazy, and now everyone is at a loss. The crypto winter is real; nothing is bullish pretty much. The only way to make money is to trade futures. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, profit target, expected duration of the trade, risk-to-reward ratio, or timing. Why buy doge at 0.06112? because it's the last high-volume node on the volume profile and also because we have an ascending trendline, which should work well together. What's more it's the start of the massive gap. The 200-day moving average has been tested three times, and it's just too much. It looks like buyers are running out of steam. There are 2 most likely scenarios. The first is that we will spend more time in this triangle. The second is that we will breakdown very soon. Thank you!
Short
by UnknownUnicorn2537518
47