PLG: Bull-Flag Potential TargetAMEX:PLG has a potential bull-flag pattern currently playing out. While PLG can still continue to grind lower, a break to the upside of this pattern will give us an official SCOTCHstocks initial target of $9.30, with a possible overshoot.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
Bullflagpattern
ABCAPITAL - breakout from Bull flag + H&S pattern - SwingThe above analysis is done purely on basis of chart patterns and price action.
The analysis is done on Daily TF hence target can be achieved in a couple of days to weeks
Trade logic with, entry range, SL and Target is explained in image itself.
Arrows are marked to show how price behaved on important levels.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
$TRXC - Bull flag forming - Potential target $9.40After nice consolidation and showing relative strength today. It's time for another move in $TRXC.
Bull flag breakout- Potential target: $9.40
I would use 10EMA as stop loss
$MWK - Bull flag formation: Potential target $62Good accumulation volume and small bull flag formation. If this continues in similar fashion then my short term target is $62.
Stop loss can be placed at 20EMA.
BTC dumping is good for ZRXBTC pair!As you can see the BTC dump initially benefitted ZRXBTC pair, now I don't know why it's going down as well but makes no sense. I think if you wanna enter ZRX on the BTC pair this is technically a good moment, but this if market follows TA rules and reasoning which is not something to take for granted nowdays
DOGEUSDT 1D BULL FLAGBull Flags are Ranges that are repeatable trading chart patterns.
Bull Flag Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
LORL - Bull FlagExtremely bullish bull flag, almost over extended, it may need to breathe more,
I would be a buyer if I could get it in the $36.50 area, right now may be too extended but maybe excellent for a momentum day trade on Monday.
See the last 2 candles of the pattern, bullish engulfing, red to green - another bullish indicator
YFIUSDT is ready for breakout from the bull flag 🦐YFIUSDT is testing the daily support. If the price will have a breakout from 4h resistance and flip into new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
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.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
VET/USD Probability of going to $0,085 Cents Near/Short termAs price might seem Bearish to some, i don't think Vet is due to a drop lower.. Please note i might be wrong so DYOR.
Price is corresponding to our Bull Flag and touched the 0.5 (golden zone between 0.5 and 0.618) level on the fib, i am expecting price to break out around 18 February and i have my targets at $0.085 cent.
You might ask why $0.085? Well that's because my take profit level on the Fibonacci (-0.618) gives me a price of $0.085 and if i measure the low of the Flag pole to the top of it and place it on the bottom of the breakout zone then we have the same price target of $0.085.
So, all with all i am Bullish on Vet and as always i wish you all good luck.. may your gains be strong!
xoxo Mico
bull flag almost completedSo, it's been two days since NANO started retracing so I expect that from current price (5.97 at the time I'm writing) and 5.66 it's a buy zone. According with TA rules it should reach 5.66 so if you wanna play safe wait for that price to enter. Target is on the chart. Safe SL is 5.45
Recently bull flags have behaved weirdly not pumping much so I would suggest to enter from the safe price. Make your own risk/reward assessment.