USDJPY ShortUSDJPY left a lot of unmitigated levels while on this uptrend and began breaking flags(corrective phase) to the downside indicating a lot of selling power the pair is gaining.
Pennant
BTCUSDT up or down ???Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again .
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DYOR !!!
ATC.CA: Bullish Pennant, Not Confirmed (28.89%)(6/1000)(6/1000)
Bullish Pennant pattern for ATH on the Canadian market.
Not confirmed yet.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0, but just a little
3- R/R ratio above 5
4- 250RSI above 50 but flat
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during flag forming
9- Volume during post forming
10- ATR ascending, more volatility
Cons:
1- Flag not confirmed yet
2- No break out yet
Target price is 4,33$
Stay humble, have fun, make money!
MAAX
UBER Bullish Pennants for ContinuationUBER on the 15-minute chart this week has printed a small bullish pennant pattern
then continued into another larger print of the same pattern. The Price Volume
Trend Oscillator went red to green as the initiation of this trend over the past
two days. Trading volumes have pushed prices and are in the range of double the
moving average. The zero-lag MACD indicator shows a pattern of bullish
momentum in the mornings followed by fades at lunch and afternoons.
I believe that this 5-6% trend up has another 1-2 days to go before a profit-taking
session to close out the trading week.
Binance Coin can grow to resistance line and try to break itHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price bounced from the resistance level, which is located in the seller zone, and fell firstly to the support level, but soon Binance Coin declined lower to the buyer zone. A few time later price declined more to the support line, but at once rolled up and rose to the resistance level, where it at once too bounced back to the support line. After these movements, BNB made a strong upward impulse higher of the seller zone to the resistance line, thereby forming an upward pennant pattern. Then the price fell to the support line, which coincide with the support level, and a not long time ago bounced up and rose to the resistance line. At the moment Binance Coin trades near the support line and probably it can decline to the support line, and then bounce up to the resistance line. Also, I think, the price can break this line and make a retest, after which BNB can continue to move up, Therefore I set up my target at the 250 level. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up, thereby leaving pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few days ago price declined below of resistance level, but at once bounced up and made a fake breakout.
After this movement, Bitcoin fell to support level, which coincided with support area and also entered to rising channel.
In channel price reached resistance level again, and even rose higher to resistance line, but soon made downward impulse to support line.
Thereby price formed pennant pattern, in which Bitcoin continues to trade to this day.
In my mind, price can decline to support line and then rise to $30500 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BA Bull pennant or fake outRight now looking at a daily bull pennant on BA top of 219 or bottom below 196. If we zoom out to to larger time frame we are still in a slightly bearish flow. A third retest of the high (original and one already) will confirm direction.
Worse case senario we stay within this range for a while depending on future sales of BA airplanes.
After strong impulse up, Euro can decline to support levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some time ago bounced from the support level, which coincides with the support area, and started to decline inside the downward channel. Inside channel price declined until to support line, and also broke the last support level. After Euro reached the support line, it bounced up to the resistance line, exiting from the channel and backing up higher of support level. As well, the price formed an upward pennant pattern, in which Euro declined to the support level, which coincide with the support line, and then made a strong impulse up to the support area with the level. Thereby price left the pennant and in a short time broke the current support level and continue to rise. At the moment, I think Euro can fall to 1.1090 support level, where is located my target. Please share this idea with your friends and click Boost 🚀
NDR Auto Components breaking outAfter testing patience, finally breaking out
Expecting 900 as first target and 950 as second. Will scale out half at 900 to secure profits
Note: NDR Auto is splitting 2/1 (12 Jul record date)
#NDRAuto
#NDRAutoComponents
XAUUSD Intraday analysisXAUUSD right now emerging continuation patterns. Gold buy 1954 Stop loss 1948 target 1975 and 1983.
Bitcoin PennantWell this "Pennant" has taken just under 3 weeks to form which falls in line with Bulkowski's rules and at the moment has just fallen short of his target so far!
If we go to absolute target(100%) then I would expect it to reach $36,210.
thepatternsite.com
Can Canada finally breakout of its slump???CME:6C1! has been consolidating at recent lows for so long. Finally, there has been a break out of a large pennant on the weekly time frame with a smaller bull flag forming now, but can Canada keep the momentum going???
BTC more likely to rise after bear trap
* 4H
BTC was dumped due to FUD last week. But this was a bear trap and a long squeeze.
If you look at the linear chart, it's supported by an uptrend line starting at 24.8k, and it's rolled up quickly with triangular convergence.
It's slowly going up, supporting the bottom of the triangular convergence and the uptrend line.
On this basis, it seems more likely to rise.
BTC is currently staying in the 29.5k to 31.5k box range with Triangle Convergence, but after a little more sideways, I think it will show direction sooner or later.
descending triangledxy looks close to closing at a lower-low in this ongoing down-trend.
The last coffin nail was Nov 2022 when EMA30 was crossed. Everything else is noise.
DON'T MISS this BTC, another rideIf you're new here check out my previous set ups on BTC and make sure you don't miss this
So we have a bullish pennant that is currently been retested, however i expect that BTC will test the liquidity point at 30k/ 30100 before we can fly and create a new year high.
Even though there is a strong probability that it will range from 31400 to 29700, doesn't mean we can't scalp or long for a potential break.
so i will be buying at 30100/ 30090
stop loss of 29500
See you at 36k
