GMT/USDT 4h - PennantAs you can see in the chart, GMT is in a pennant.
Wait for breakout.
This is not a financial advice
Protect your money :)
Pennantpattern
OIL: Contracting Pennant Suggests Bullish ContinuationIf people are mad at Biden now wait till oil...hahaha. We see the contracting pennant again, this is on the two hour time frame.
Once again we expect some price action battle and fake-outs to fake out the bulls and bears. Nevertheless we expect
the bulls to take control and take this to 130. If this is the case it would be hard for me to believe the Nasdaq (or the general markets)
would move in to a bear market.
GALAUSDT is going to retest the dynamic supportThe market got a rejection exactly from the weekly resistance of 0.29$ and the price is going to create a pennant on the daily timeframe.
On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$.
How to approach?
We could see a pullback on the previous support now resistance and a new bearish impulse until the dynamic support on 0.24$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
MANA/USDT BINANCE D1 - Bearisch Pennant (active)MANA/USDT BINANCE D1 - Bearisch Pennant
a Bearisch Pennant was activated today
Targets are marked as horizontal rays in green
KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well.
On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support.
How to approach?
the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse.
the price needs to have a breakout from the 21.2 Big resistance.
So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
GBPJPY Pennant April 7thPrice broke Daily & Weekly Highs.
Made a pullback on Daily Fib to 23.6% (wick to wick) 38.2% (body to body). Depending what style you use the Fib.
Price also broke out of squeezed Bollinger Band on Daily/Weekly. Which means you can expect a continuation Long Term.
Currently 1H pennant pattern forming. Expecting bullish breakout.
BTCUSDT is creating a pennantThe price is creating a pennant on weekly support of 44200$ after a rejection from 47k, where the market has a supply zone.
on the daily timeframe, the price is testing the previous resistance as new support.
How to approach?
The price is creating a pennant and retesting the lower trendline. The price needs a new breakout from it and flip the 47k resistance into support and satisfy our rules.
The scenario is invalidated if the price is going to lose the 44200$
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
SOL Short Trade Idea 1 Hour1 hour time frame short idea for SOL
TPs are - 127.4 123.3 and 119!
Entry was 133
looking to average down in the high 134s
FILUSDT is creating a pennantThe market created a triple top on the monthly support ton 17$.
As I said in my previous analysis, () After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
ETHUSDT is testing the previous resistance as new supportAccording to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse.
On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it.
So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700.
Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
🐻USD/CAD SHORTUSD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart.
Price has now formed another pennant on the 1H chart.
Price showed strong rejections off the previous support with a bearish engulfing pattern
The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be expected.
We should look to sell with targets marked in green. A second target would be at 1.20070 but is for the pennant on the daily chart.
OANDA:USDCAD
STORJUSDT is creating a pennant The price had a breakout from the descending channel on the daily timeframe after a bounce on the weekly support on 0.91$.
On the lower timeframe (4h) the price is creating a pennant below the monthly resistance and above the 4h support. the market printed a false breakout from the pennant and monthly structure.
How to approach?
We are monitoring the price, we are waiting for the breakout from the pennant with volume. IF the price is going to have a breakout and retest monthly resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
🐻US30 LONGUS30 has been bullish on higher timeframes.
A pennant has presented itself on the 1H timeframe, signifying continuations to the upside.
There are two ways in which this continuation will likely play out, and I have presented them on the chart
CURRENCYCOM:US30
EURUSD IN SHORT UPTREND AND LONG DOWNTREND Take Postion Of Eurusd At (1.1100 Strong Rejection Zone) Take Position At This Level After When Confirmation Candel Apper.
OIL: Bearish ComebackOil does not look bullish. I expected oil to move to ATHs like the indexes but this looks to be the beginnings of bearish trend.
Notice it got back to the expanding pennant pattern and below support now resistance. Do not buy this nor gold the trend is
over as I see it. No evidence this will go back up for now. All the fundamentals and people who use them will be wiped out.
Bullish Pennant Pattern SLP/USDTDisclaimer: *This idea is based on the observation of the formation of the Pennant pattern, I could be wrong. Don't enter a trade based on this idea. Do your own research.*
Chart Pattern: Bullish Pennant Pattern
EMAs: 20 - 50 - 100 - 200
(TF - 4h)
CTKUSDt is creating a pennantthe market created an inverse head and shoulders on 4h timeframe and had a breakout from its neckline.
Now the market is creating a pennant on the daily resistance around 1.5$ .
How to approach?
IF the price is going to have a breakout from the pennant and from the daily resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
PEOPLEUSDT is creating a Pennant
The price is creating a Pennant on the 0.382 Fibonacci level after a breakout from the daily resistance.
The price is testing the 4h resistance too.
How to approach?
IF the price is going to have a breakout from the 4h resistances and daily dynamic resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
XAUUSD Bullish Pennant? I detected there's Bullish Pennant Possibility appears on XAUUSD Pair.
This pattern gives the possibility that XAUUSD will continuing bullish period.
I predict the price will hit target the resistance area 1845.713 - 1850.852
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
ADVANC | Bullish Gartley | Possible Sideway wave correction Price Action & Chart Pattern Trading: Hold / Accumulate - Pullback Entry
> Possible breakout pennant triangle in sideway after forming bullish gartley as correction after minor Elliott Wave 5
> RSI & MACD bullish crossing signal line above base.
Always respect your stoploss
Good Luck
JSWENERGYJswenergy formed a bullish pennant & is trading beautifully inside it & it looks its in the verge of breaking out of pennant because of good volumes in it.
Could be bought at mentioned price with stop loss & targets.
ENJBTC is testing the daily resistanceENJBTC is testing the daily resistance inside a pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
