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Bullflagpattern

SHREECEMENTS - Bull Flag + Double Bottom - SwingThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets As can be seen in the image, price has given clear breakout from Bull Flag Pattern with good volume confirmation. Breakout from Double Bottom pattern is yet to occur. Entry can be made above the high of breakout candle. SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any queries regarding the above stock or price action analysis in general. 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.
NSE:SHREECEMLong
by AdityaKarn90
Apple on the verge of a massive flag breakoutNASDAQ:AAPL Apple is on the verge of a massive upside Bull Flag breakout on the 1W chart. Price is currently above the 200 Day SMA (historically bullish) and if we look at the weekly trend and don't fight it, we can see that the trend is currently clearly up. I see this flag breakout as a bullish continuation, with the ultimate price target being $220 (height of the flag pole). Couple this technical picture on a HTF chart with Apple's amazing fundamental tailwinds in the next 6-12 months (5G super cycle), I see us hitting the $220 target by Q1 2021. Not financial advice, but I will be positioned with long-term calls and adding to my overall investment portfolio here. - PennyBag
NASDAQ:AAPLLong
by PennyBagsCapital
2
Moderna is Bull Flagging! Target 227$ Moderna is currently on a bull flag. Last retracement is very positive. The breeder finally came and there is still some place to lower around 110$ where the bottom of the gap up is ! I would not be surprised is MRNA go there but usualy if the bull trend continue the daily MA 21 will offer support and this is currently what we are seeing. Daily MA 21 is at 125.78$. Price came back over the daily Vwap today.. this can push the price quicky around the fishing trap zone around 154.13, but 146.46$ should offer a good resistance. MRNA is in a great posture for a continuation right now... Here are some key points to watch : -Currently on a potential Bull Flag with a target over 200$ -Bullish divergence on the 4 hour chart on MACD, Momentum, CCI, OBV, STOCH and MFI. -Support seem to be strong on the daily MA 21 -Price now over VWAP which is now support at 126.69 -Stoch RSI is crossing on the upside on the 4 hours -Weekly MA 7 and MA 9 offer support at 127.72$ and 114.89$ -4 hours MA 21 offer support at 126.69 -RSI is turning on the upside -Daily MACD is still in bullish territory -Bottom of 4hr Donchian channel reached at 115$ -Bottom of 4hrs and 1day chart Bollinger Band reached -Bottom of Donchian Channel is at 98.65$ (can the price go there) Maybe but! -Median line of the weekly Bollinger Band is at 89.23$ (can the price go there) Maybe but! Merry Christmas ! Much love!
NASDAQ:MRNALong
by Crypto_Mercy
28
GRT/USD Possible play for the coming weeAs GRT continues trading with a high-volume on exchanges it is still a trader's favorite in this month. We are currently retracing from the bounce from .32 to .49. This could be the beginning of a new trend upwards. The current retracement from .49 to .39ish has created a possible bull flag. If this is true we should be testing the highs of .49/.50 again. The resistance at .50 is pretty strong, I see us hitting it within the next few days or so and then retracing back to .45 before making our way into .50s -- .60s levels. All this depends if the bull flag at .38 - .40 is true. We should have an answer within the next 24h-48h.
COINBASE:GRTUSDLong
by hotspurmonkey
ICICIGI - Bull Flag/Pennant - Short Term SwingThe above analysis is based purely on price action & chart patterns. The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks. Trade setup along with Entry levels + SL & Targets are given in image itself. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. Feel Free to comment for any suggestion or query regarding price action analysis. Checkout my other ideas/charts to understand how chart pattern & price action works.
NSE:ICICIGILong
by AdityaKarn90
#Bitcoin : Possible Bullish Setup, a quick update.Clear Bull Flag Pattern on Bitcoin, the Bull Flag hits its target around 70-80% of the time and is one of the most reliable patterns to trade in parabolic bull markets. Often the best entry point on a Bull Flag pattern is when the price "fakes out" underneath the flag support before the real breakout occurs. 22300-22500 we need to hold as support for it to continue up in the short term which is the flag support also, as long as we dont lose that area we have a probability of continuing up. If we can see a breakout of resistance at 23900 the next target area is 25400-26900.
Long
by Worth_The_Ri5k
1
INFY - Ascending Triangle + Bull Flag - Swing/Short termThe above analysis is based purely on price action & chart patterns. The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks. Trade setup along with Entry range + SL & Targets are given in image itself. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. Feel Free to comment for any suggestion or query regarding price action analysis.
NSE:INFYLong
by AdityaKarn90
EURUSD on a bull flag 🦐EURUSD after the last impulse until the 1.22700 retraced back at the 0.5 fib level inside a channel. The price tested the previous resistance, now support, at the 1.21600 and bounce over it. IF the market will break above the structure and consequently break the channel we will set a nice long order according to Plancton's strategy. ––––– 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.
Long
by InkyGrip
8
NATURAL GAS 1D BULL FLAG LONG TRADEBull Flags are a Range which are repeatable trading chart patterns. Bull Flags are a descending chart pattern which will have a directional bias (Long) depending on the previous incoming trend. 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.
MCX:NATURALGAS1!Long
by Tradingstrategyguides
Bitcoin possible bull flagHello! Has been very interesting to watch how BTC performs now on All Time High. Here we have a nice setup. Ready for both moves up and down. Fear And Creed Index 95 and have been on or close to extreme creed for more like 1,5 month ;D. So we are going to see a drop. The question is. Is it in a week or after another month. Use caution! Bitcoin broke ATH and is right now on uncertain waters but we are still in strong bull trend (higher lows) . We can see fast moves up or down. I think this is a possible move upside as we can see the smooth flag pattern. Target levels shown as arrows are symmetrical size from the price movements before. RSI has also already broke the supressing trendline (Bull) There are also EMAS which might work as a support. I am ready to take another long (Fibo levels) if the pattern brakes downward. Keep in mind that this is 1 hour timeframe so it is possibly to just go sideways and the pattern can totally reshape. Oh yeah I almost forgot. There is also still space to move on Bitcoin Dominance chart on weekly if you check the top resistance line. I think I made an analysis about (3 - 4 weeks back) it before and it did work as resistance. Let's see where the market wants to go and follow it's lead and peaceful Christmas to everyone! This is not financial advice. If you do make trades use stop loss or you get your ass burned. 1st mistake beginner traders do is taking to big risk. -Jebu
BITSTAMP:BTCUSDLong
by PalenTrade
4