MGM - roller coaster ride MGM breaking out to the downside. Now wait for a pullback for the next short entry or start building your short entry.
Short entry around 39-40
Target 1 - 35
Target 2 - 30
Target 3 - 25
Stop loss- 45
Pennant
GOLD - Price can leave pennant and fall to $2440Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where it rose to resistance line and then continued to decline.
In a short time, price fell to support level, which coincided with support zone and made a fake breakout of this level.
Gold exited from channel and later rose to 2478 points, after which made correction and started to grow in pennant.
Price rose to $2525 resistance level and some time traded near this level, trying to break it, but failed.
After this, XAU fell to support line of pennant and then started to grow, so, I think Gold can little grow.
Then price can turn around and start to decline to $2440, thereby exiting from pennant.
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GOLD (XAUUSD): Important Decision Ahead
The release of the today's fundamentals is favorable for bulls in the Gold market.
The price is now testing the resistance cluster based on the current All Time High.
As always, our strategy is to wait for is bullish breakout.
A daily candle close above that will confirm a violation.
A bullish movement to 2550 will be expected then.
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Gold can fall to support level, break it and continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago started to trades inside the big range, where it at once rose to the top part, after which started to decline. In a short time, Gold fell to the support level, which coincided with the buyer zone, broke it, and even made a fake breakout of the bottom part of the range, after which quickly backed up. Next, the price rose almost to the top part of the range but later turned around and dropped to the buyer zone. Then price started to grow near the support line of the pennant and later reached the current support level, which coincided with the support area. Next, XAU broke this level, exiting from range, and reached the resistance line of the pennant. Price some time traded between this line and the 2485 level, after which later corrected to support line of this pattern. A few moments ago price turned around and rose almost the resistance line, where continues to trades near to this day. So, for this case, I think Gold can make small movement down and then reach the resistance line of the pennant. After this, the price can start to decline to the support level, exiting from the pennant pattern. Also, I think XAU will break this level and continue to fall, therefore I set my TP at 2450 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up from pennant to $61600 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose until to resistance line, breaking $64400 level.
Next, price turned around and made downward impulse to $49000 points, breaking two levels and exiting from rising channel.
After this, price started to trades inside pennant, where it at once bounced up from support line.
Price broke $55300 level and later rose to resistance line of pennant, which coincided with resistance level.
But a not long time ago BTC bounced and fell to support line, where at the moment continues to trades near.
Now, I think price can bounce from this line to $61600, exiting from pennant pattern.
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EURO - Price can bounce down from pennant to $1.0950Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to pennant, where it at once bounced from support line to resistance line, breaking $1.0800 level.
In this pattern, price made a gap, and later it bounced from resistance line and fell to support area, exiting from pennant.
Next, EUR entered another pennant, where it at once started to grow to $1.1035 level, and exited from support area.
When price reached this level, it broke it and rose to resistance line of pennant, but recently turned around and fell.
Euro declined to resistance area, where continues to trades near support line of pennant, so, I think it can little grow.
Then price can bounce down to $1.0950, exiting from pennant and breaking support level.
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EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line .
If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern .
After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) .
Euro/U.S.Dollar Analyze ( EURUSD), 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH SHORT "BEARISH PENNANT"Hope my chart analysis helps traders make wise decisions when trading ETH. I see a "bearish pennant" of course on a smaller time. A quick tip: You can tell which timeframe a pattern is on according to its size; I think it's on a 30min-1hr timeframe. I forget. The date and time symbol has no significance expect for the fact it may drop down to its support level (green line). I'll improve my chart and idea analysis & better descriptions in the future. Happy trading everybody!!!!!
EURO - Price can exit from pennant and then start to move upHi guys, this is my update on a different timeframe for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it at once made a gap and then reached resistance line.
Next, price fell to support line, breaking $1.0880 level, but soon EUR made upward impulse from this line.
Price broke $1.0880 level and exited from falling channel, and continued to move up inside pennant.
In pennant, price later reached $1.1075 level, broke it, and even rose a little higher than resistance area.
But a not long time ago EUR fell to support line, breaking $1.10750 level again, and now continues trades close.
In my mind, Euro can exit from pennant and then bounce up to $1.1150, breaking resistance level.
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HelenP. I Gold can continue to decline to support levelHi folks, today I've prepared a Gold analysis for the hourly timeframe. Some time ago price reached the support zone, which coincided with the support level, but at once rebounded and dropped to the trend line. After this movement, the price made a strong impulse from the trend line, higher than the support level, breaking it and also started to trades inside the pennant. In pennant, Gold rose to the resistance line, but at once turned around and dropped to the support level, making a fake breakout of the resistance level with zone. Next, XAU turned around and in a short time rose back to the 2515 resistance level and broke it again. After this, the price some time traded between this level and a not long time ago fell to the trend line, which is the support line of the pennant also. Then it broke this line, thereby exiting from the pennant and now the price continues to decline. So, I expect that XAUUSD will make a retest of the trend line and then continue to decline, therefore I set my goal at the 2475 support level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can little fall and then continue grow to 64700 pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago declined to the resistance level, which coincided with the seller zone. After this price started to grow and soon rose from the seller zone to 70100 points, but at once turned around and started to decline inside the pennant. Inside the pennant, BTC broke the 64700 level and fell to the support level, which coincided with the buyer zone and also soon broke this level too. Next, the price reached the support line of the pennant and at once rebounded and in a short time rose to the resistance line of the pennant, breaking the 56600 level one more time. Later, BTC exited from the pennant and started to trades in range, where it rose a little more and then made a correction movement until to bottom part, which coincided with the support level. After this movement, Bitcoin rebounded and rose to the top part, after which some time traded near and a not long time ago dropped to 58000 points. Then it started to grow, and I think BTC can decline a little and then continue to move up. For this case, I set my TP at a 64700 resistance level, which coincided with the top part of the range. Please share this idea with your friends and click Boost 🚀
BTC 100k trajectory As stated before, BTC is a rising star and its bull patterns are speaking for itself.
The flag pattern has an approximate success rate of 70%. This shows that in about 60-65% of cases the price moves in the expected direction after the pattern has completed. The bullish flag pattern success rate of 67.13% appears similar to a horizontal parallel channel paired with a strong bullish vertical rise.
Happy trading.
POSSIBLE 100% MOVEMENTThis stock currently on clear uptrend. Now making a pattern called bullish pennant. Price now at 0.5 - 0.618 fibbonaci level from starting price that make them move aggressively upward. Target now at RM6.00 with suitable risk reward ratio. Drop below fibbonaci level could be failed setup
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout.
The charts are looking positive after some bullish action started showing up from yesterday.
I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k.
This would validate a successful Flag-Breakout / Pennant breakout pattern.
However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically.
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BINANCE:BTCUSDT
BTCUSD BULLISH TRADING IDEA Btcusd Update
Btcusd made Bullish Pennant Chart Pattern and made Bullish Engulfing candlestick patterns in daily and weekly timeframe now BTCUSD next move possible to buy Target 69k$
BTCUSD BULLISH TRADING IDEA Btcusd Update
Btcusd made Bullish Pennant Chart Pattern and made Bullish Engulfing candlestick patterns in daily and weekly timeframe now BTCUSD next move possible to buy Target 69k$
TON/USD Long, 4H HVF into H&S targetAfter rate cuts were announced, risk assets have the green light. Crypto is leading the way.
BTC broke out of a 1H HVF yesterday, giving the green light for ALTS.
4H pattern HVF at the neckline of an inverted H&S leading to 10 RRR.
15m ugly primer failed.
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
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HelenP. I Bitcoin will fall to support level and then rebound upHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price traded near the resistance level, which coincided with the resistance zone, and even made a fake breakout, after which rose a little higher than the resistance zone. Then price entered to downward pennant, where it turned around from the resistance line and made a strong impulse down to the trend line, thereby breaking 65450 with 56750 levels. But soon, BTC turned around and rose to the support level, which coincided with the support zone, broke this level, and made a retest. After this movement, it bounced up and some time traded, after which made a correction movement to the 56750 level and then rebounded up. Later price almost reached to resistance line of the pennant, but a not long time ago fell to the trend line, which is the support line of the pennant and at the moment it continues to trades near this line. For my mind, BTCUSDT will exit from the pennant and fall to the support level, after this price turn around and rebound up, higher than the trend line. Therefore I set my goal at 63000 points. If you like my analytics you may support me with your like/comment ❤️
XAU/USD for long positionsGold is currently moving in a fairly wide range (2290 - 2450). And this is a plan for us to take long positions. Gold is currently moving in a correction wave (4). Target Profit is at the level of 2520 and above.
Euro can break resistance level and continue to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago bounced from the support level, which coincided with the support area and support line to the resistance line, forming a gap also. After this, EUR turned around and started to decline to the support line, and some time later it reached this line, breaking the 1.0865 support level. Next, EUR fell lower the support line and entered to upward pennant, where it at once made a strong impulse up to the resistance level, breaking the resistance line and 1.0865 level one more time. After this movement, the Euro turned around from the 1.1000 level and made the correction, after which it started to grow and later reached the support line of the pennant. Then price bounced up to the resistance line, thereby rising higher than the resistance level with the seller zone, but a not long time ago it dropped back to the support line, making a fake breakout of 1.1000 level. But recently price rebounded and started to grow, so, in my mind, the Euro can fall to the support line and then rebound up to the resistance line of the pennant, breaking the resistance level. For this reason, I set my TP at 1.1055 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can leave pennant and fall to $54500 levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where at once fell to resistance level and soon broke it.
After this, price declined to support line and then exited from falling channel and fell lower even $54500 level.
Then BTC entered to pennant, where it turned around from support line, and made upward impulse broke $54500 level again.
Next, price made retest from this level and in a short time rose to resistance line of pennant and then started to decline.
In a short time, Bitcoin fell to support line of pennant, where at the moment continues to trades near.
I think that price can make movement up to resistance line and then bounce down to $54500 level, exiting from pennant.
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Gold Mid Term Target 1850 - GOLD USD BullishGold looks very much like a buy right now.
The support at 1450 looks strong and I can see a rising wedge, pennant shaping up.
GOLD still remains above the Ichimoko Cloud.
The RSI seems bullish
Fib is putting a target around 1850 USD
All in all the case for GOLD is that it should be a safe long term bet, and the TA backs it up.
1st Target is 1850 USD -- however long term it is likely to just keep rising.
