Get started

Pennant

LTC/USDT Descending Triangle Breakout with Retest OppurtunityKey Observations 1. The chart illustrates a Descending Triangle breakout, where the price has successfully moved above the descending trendline, confirming a bullish continuation. 2. The breakout has brought the price above the horizontal resistance zone at $115, which now acts as support. 3. A retest of the breakout zone ($115–$116) could provide an ideal entry opportunity for buyers. Strategic Implications Monitor the price action closely around the $115–$116 level for signs of a successful retest. If the support holds, it may lead to further upside, with the next target zone around $130–$140, aligning with previous highs. Use a stop-loss below $110 to manage risk effectively, as a breakdown below this level would invalidate the bullish setup. Look for volume confirmation during the retest to reinforce the strength of the breakout.
Long
by wsaetos
ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone. Key Observations 1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum. 2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation. 3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move. Strategic Implications Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Long
by wsaetos
XRP/USDT Bullish Pennant Formation in ProgressThe chart illustrates a textbook Bullish Pennant pattern, suggesting the potential for upward price movement. Currently, the price action is encountering resistance near the upper trendline, indicating that a breakout may require additional consolidation. Key Observations 1. The pennant formation remains structurally intact, with the price consolidating within a narrowing range. 2. A confirmed breakout above the upper trendline is essential to validate the bullish thesis and initiate a sustainable upward move. 3. Upon a successful breakout, the projected target lies between $2.80 and $3.00, aligning with historical resistance levels. Strategic Implications Patience and discipline are paramount. Monitor closely for a decisive breakout with strong volume confirmation. Until then, be prepared for further consolidation or a potential retest of the lower trendline as the market gathers momentum.
Long
by wsaetos
3
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
Short
by AndriyMoraru
Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Short
by AndriyMoraru
UPDATE MOVEMENT BULLISH MOMENTUM!UPDATE! The chart of MOVE/USDT on the 4-hour timeframe displays a compelling bullish pennant formation, signaling a potential continuation of the uptrend. After breaking out from its support level at $0.82, MOVE climbed to approximately $1.05, where it encountered resistance along the upper trendline of the pennant pattern. The price is now consolidating within the pennant, testing the lower trendline support. This setup suggests that if MOVE maintains its support around the trendline and manages to break out of the pennant's upper boundary, the next target could be around $1.70. A potential correction might occur, bringing the price back to around $1.37, which would serve as a retest of previous resistance-turned-support before MOVE continues its ascent towards $2.40. The overall structure indicates a bullish bias, with the pennant formation typically acting as a continuation pattern in trending markets. Traders are likely watching for a breakout above the pennant's upper trendline to confirm the next leg up.
Long
by anandahaidarr
POV: TI - Pole and Pennant BreakoutPOV: TI - Pole and Pennant Breakout While the Nifty 500 and broader market are underperforming, this stock stands out as an outlier, consistently hitting new all-time highs (ATH). 🚀 Key Observation: This swing setup delivered a Pole and Pennant Breakout, a classic bullish continuation pattern that reflects strong buying momentum even in a weak market environment. Why It Matters: Constant ATHs signal exceptional strength. The breakout confirms the stock's resilience, making it a key watch for potential opportunities. Disclaimer: For educational purposes only, not financial advice.
NSE:TILong
by kzatakia
Gold can drop from resistance line of pennant to 2595 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price rebounded from the support line and rose to 2790 points, after which turned around and started to decline. In a short time, the price fell to the support line, breaking the resistance level, which coincided with the seller zone and then continued to fall next. Soon, Gold declined below the support line and even broke the 2595 level and fell to 2536 points. But later Gold turned around and made a strong impulse up to the seller zone, breaking the support level one more time, and started to trades inside pennant as well. Next, the price made a small correction and then some time traded in the range, after which in a short time rose to the seller zone back. In this area, it reached the resistance line of the pennant and then started to decline to the buyer zone, breaking the 2710 level. Later XAU some time traded near the support line of the pennant and then rebounded up to the resistance line of this pattern, which at the moment continues to trades near. For this case, I think that Gold can rebound from the resistance line and drop to the support level, exiting from the pennant. Therefore I set my TP at 2595 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
8
Albemarle Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Albemarle Stock Quote - Double Formation * 146.00 USD | Completed Survey * 012345 | Wave Count Entry Bias | Subdivision 1 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation | Subdivision 2 * Numbered Retracement | Short Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:ALBShort
by TradePolitics
3
XRP/USDT Bullish Pennat Breakout LoadingXRP/USDT, Bullish Pennant Formation in Progress The chart displays a Bullish Pennant, signaling potential upward momentum. However, the price is currently rejecting near the upper trendline, indicating that the breakout may take some time. Key Insights 1. The pennant structure remains intact, but consolidation might continue before a decisive breakout. 2. Watch for a confirmed breakout above the upper trendline before considering a long trade. 3. Once the breakout occurs, the target range is $2.8 to $3.0. Patience is crucial as the price may test the trendline support or consolidate further before breaking out.
Long
by wolfchemist
10
$TSLA - Long entry after earningsI think NASDAQ:TSLA will shock many in the coming months. People who are too focused on short term performance are overlooking the long term price potential, I think weak hands will be shaken out tomorrow on the somewhat-likely earnings miss. With that, I expect smart buyers might be able to get an excellent long entry in the $19X.XX price-range tomorrow following a bad print. I like NASDAQ:TSLL as well, and I think that that will be where I allocate a significant position to. In an exponential age, prices will go much higher than people realize. This thesis is invalidated with a significant break lower than $190. Plan accordingly!
NASDAQ:TSLA
by httpz
3
EURO - Price can bounce up from support zone to $1.0430 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few days ago price traded inside flat, where it made a gap and then fell to $1.0470 level, after which started to grow. Then Euro exited from flat and started to decline inside pennant, where it bounced from resistance line to $1.0470 level. Price some time traded near this level and then broke it, after which fell to $1.0350 level and then started to grow. In a short time, price rose to resistance line of pennant, after which bounced from it and fell to $1.0350 level. Now, Euro traded near this level and I think that it can fall to support zone and some time trades inside. After this, price can turn around and start to grow to $1.0430 resistance line of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
$AKT - +26% Today, Last Chance?For those that have been holding and staking AKT through the bear, I think the time is soon coming for sewing the rewards! Here's one of my better posts about CSEMA:AKT , following the first FED Rate Cut: We anticipated that there may be a flip to 'risk on' following that event, and those that positioned there have been reaping massive rewards, in any alt, let alone just AKT. Going back further, I initially called out this bull pennant in September 2024: Today, we're up 26% alone, and I think it is interesting that COINBASE:HNTUSD is not pumping in a similar fashion. Why might that be? Any ideas? This might be the last chance to get cheap AKT, the decentralized AWS. NFADYOR YAKWTFIGO
KRAKEN:AKTUSDLong
by httpz
Euro can exit from pennant and continue to fall nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow and soon broke resistance level, which coincided with the seller zone and continued to grow in range. Later EUR reached the top part of the range and then made a correction movement to the resistance level, after which rebounded and quickly rose back. Then price started to decline and in a short time fell to the 1.0475 level and even made a fake breakout of this level, after which backed up to the range. But soon, the price turned around and dropped to the current resistance level, thereby exiting from the range and breaking the 1.0475 level. Next, the price made an impulse up inside the downward pennant, but later it made a small correction. After this, EUR rose to the resistance line of the pennant and then turned around and dropped to the support line, breaking the 1.0350 level, which coincided with the resistance zone. A not long time ago price bounced from the support line, therefore I think that the Euro can reach the resistance zone and then continue to decline, even exiting from the pennant pattern. That's why I set my TP at 1.0240 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
AAVE, Break out and bullish move eminent? Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration. The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out. Either way you cut it, AAVE is good price here for long term growth. Let me know what you think AAVE and this analysis down below. Kind regards WeAreSat0shi
BINANCE:AAVEUSDLong
by WeAreSat0shi
12