Pole
Adani PowerAdani Power has formed a good Pennant Pattern on (1D) time frame where it has been respecting the price action and it has retested the trendline We can expect good move. Expecting positional Target 109/ 115 / 125 / 140 Sl 92.
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NIITTECH - PennantNiittech has pennant breakout and its a very strong bullish continuation pattern over 70% winning rate... RSI and MACD is positive hence 2100+ can be seen in coming days. Targets on chart...
BCCBTC Continuation Flag PatternSpotted a tight flag pattern on Bitcoin Cash with good strong volume.
This is one of my favorite chart patterns. High probability of reaching target shown in GREEN only IF/WHEN it break the top of the pole, otherwise no trade.
Waiting for a trigger above the pole to enter into a LONG position. Using a STOP-LIMIT order is the best method.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
EOSBTC Bull Flag PatternSpotted a tight flag pattern on EOSBTC today.
Waiting for a trigger above the pole to enter into a LONG position. Using a STOP-LIMIT order is the best method.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Bitcoin intra-day buy opportunityHi All,
I don't usually post setups like this on smaller time frames. But I wanted to show an example of a flag pattern that I would typically take a trade on.
We can see on Bitcoin a strong impulse move up which forms the pole and tight consolidation occurring within a range to possibly complete the flag.
An entry is confirm on a break of the pole. If you are trading on Bitfinex, then you would already be in a position.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
RCN/ETH Con't. - Pre-Pennant Pole Analysis. Double double tops.As always, ongoing learning!
In going over the RCNETH pair, I scanned before the flag to see if there were signs showing potential movement upwards before the flag.
I found what looks to be a double top along with a crossing above the signal line to indicate upwards movement.
Within the pennant itself, it seems that there is what looks like a double top as well, leading me to wonder how often a double top turns into a pole or pennant.
Perhaps a double bottom can turn into a bear flag or pennant?
[ UPDATE ] Falling Wedge intersected by fib-time linesWe are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1.
The uprun didn't retrace more than 33% which is considered a healthy retracement and is often followed by another leg up.