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Bullflags

EGLD/USDT - 4H - Potential channel breakout and bull flagEGLD might be looking ready to move on the 4H. Fib Trend Time indicator also showing this. White channel (flag) measured move taps the 0.5fib extension area. Should price break down, red arrow measured move points to potential DCA or SL range. Lowers still; red arrow taps the monthly blue CPR range. Yellow arrow (pole) measured move taps the 100% fib extension area. Will reduce position at the 618 and 786 fib ranges also. Bit scared of BTC right no6w, so who knows what ELGD and others will do, but let's see...
Long
by dimuthj
1
USDJPY 114.23 0.2% LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE USD/JPY. * looking for trend continuation on this pair. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
INMD: CUP AND HANDLE PLAYNice cup and handle on INMD . (I'm not looking at fundamentals here, just technicals.) What's a cup and handle? A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. (Definition by Investopedia) After confirming the cup n handle pattern and breaking the top of the handle, the price is now retesting the breakout point and forming a bull flag . Bull flag formations are found in stocks with strong uptrends and are considered good continuation patterns. It is therefore a great level to buy with good risk vs reward. Traders will want to buy the break of the flag with a stop loss below the breakout point. Whatever the height of the cup is, add that height to the breakout point of the handle and you have your profit target (at around 109) . Note that 100 could act as a psychological level/resistance. Trade safe.
NASDAQ:INMDLong
by Elpidaldo
2
Shiba Possible Breakout (updated) Still BullishShib is still holding above my strong support line. Based on the amount of burning, and the news about it getting listed on Robinhood soon, I don't see it likely for us to fall under 0.0000413. Still have a bit of consolidation to come in the next couple of days before we break above this descending wedge pattern. Don't trade based off my ideas, this is for educational purposes only and you should trade responsibly. Leave a like If you like my charts and would like to see more.
COINBASE:SHIBUSDLong
by T10aseetommy
XRP/USDT - 1W - Potential bull flags and channel breakouts Hoping XRP will push up hard with/after BTC. Mid-Nov to mid-Dec could be crazy - the top even? Binance Weekly XRP/USDT chart. Blue curves showing overall long term trend. Yellow channel (flag) and pole's measured move, both meet top of rising red wedge trend. Yellow channel's measured move also hits the 0.5 fib extension from the last impulsive move up. Yellow pole's measured move could tap the 0.618 fib extension area. White bull flag pole's measured move, also looking like it wants to tap the 0.618 fib extension area. Should price break up out of rising red wedge, measured moved hits a long term dotted pink trend line. It could even tap the 0.786 fib extension. Price breaking below rising red wedge = bad times and/or DCA opportunity. Let's see.
Long
by dimuthj