NSE:KPIGREEN has recently experienced a significant bullish run, pushing its stock prices to new highs. Following this surge, the stock appears to be forming a classic pennant pattern, which is a continuation pattern often indicating that the prior trend will resume after a period of consolidation. Breakout Potential: If NSE:KPIGREEN breaks above the upper...
Throughout this week, BINANCE:API3USDT had a gain of more than 50% in a span of two days as of this writing. Currently, the coin is moving sideways after a major bullish move and is expected that the price will consolidate and wait for a possible bullish pattern- true enough we saw a bullish pennant. I will update my chart analysis for API3 in the chart on...
NSE:ONMOBILE Is forming Pennant. The trade should be taken only after confirmation of pattern that is after closing of candle above pattern. Target and stoploss for the same are given
GRTUSDT is creating a pennant below the 4-hour resistance level, following a previous bull run. A pennant is a technical chart pattern that is formed when the price moves within converging trendlines, forming a symmetrical triangle shape. The pattern is characterized by a sharp price move in either direction, followed by a consolidation phase where the price...
The price is creating a pennant on the 4h timeframe. The market is creating higher low higher high, it means that the we are in consolidation phase. Usually Pennant is a continuation pattern. How to approach it? We are monitoring the 19.5 support where the price created a equal lows. so if the price is going to have a breakout and retest this support as new...
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At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup. If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price. What's your trade...
Had a Fib convergence on 10/08. If index holds this level expect turn to higher price leading up to FOMC. 0.25 rate cut is already baked in. Not betting on this one. IMO index is approaching the ATH and Bear market to follow. This pennant points at 23 July next convergence. Too soon to short IMO; watch, wait, go to the beach! Trade at your own risk. I'm out on...
Hi guys, I am still bearish medium term but who knows for short-term, Bulls need to break 7700. well, our market cap still going down we're over 185,260,417. USDT , After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in so we’d put...