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Bullflags

UPDATE! Gold on bull flag? 🦐GOLD after our last call broke the bull flag and now reached daily resistance. According to Plancton's strategy if the price will break and close above we can set a nice long 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
OANDA:XAUUSDLong
by InkyGrip
16
IMPORTANT: XRP, Ready? 5am-9am (PST)What's up you guys, I have a very important update regarding XRP. As some of you might be aware, we are currently in a huge bull flag on the four hour chart. XRP just touched bottom of this flag before making a nice and quick bounce off of it, (very bullish movement). In the chart above, I've pointed out some important things to take note including the trend lines of the bull flag (black lines), and a potential time I think we could see a break upwards out of the pattern, (between 5am and 9am (Pacific Standard Time). Of course, there is a chance that we start forming another red candle at 1am in which case we would have a complete cross of our EMA's followed by a correction down to probably 1.11 however we are currently sitting on a very strong support and Fibonacci level of 1.33 Eyes open around the close of the current 4hr candle and the open of the next candle. Stay tuned for updates! :)
BITSTAMP:XRPUSDLong
by UnknownUnicorn8519602
5
GOLD on a bull flag? 🦐After testing the weekly trendline GOLD has retraced inside a bull flag. According to Plancton's strategy if the price will break above we will set a nice long 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
OANDA:XAUUSDLong
by InkyGrip
22
BTC's Bull Flag to 100KBitcoin to 100k! Everyone keeps talking about it, but how are we going to get there? How did we get to where we currently sit? Starting in December we had a steady increase in price with higher highs and higher lows, eventually forming a rising wedge and falling out of it in the beginning of April. Bitcoin needed to take a breath, and begin its next formation which will allow it to grow beyond its last All time high of 64,800. When looking at the daily time frame, we can see price consolidating in what could be a large bull flag formation. If we look to see how long the original wedge took to form, it was about 2 months. It should take until about the beginning of June to fullfil the flag that is forming, (2 months) From there, if we measure the pole and our pattern is fullfilled..... we could potentially see how BTC will make it to 100k! In what time frame? It took about 4 months for us to get where we are.. so hopefully by around the end of september we could see 100k! Let me know your thoughts? Thanks!
Long
by ManofTheTrade
Harmony ONE formed a bull flag.Title basically. If ONE manages to break on the upper side, we shall see a parabolic move to at least 0.20 (textbook say that the height should be equal to the flag pole, but you never know with crypto). Moves: Buy 0.12/0.13 -> sell something at 0.16 just in case we don’t break the flag, let the rest ride if we break. Buy when 4h candle closes above the upper side of the flag -> sell at 0.20. You can even sell something at 0.20 and let the rest ride if you feel comfortable. Good luck, and stay safe! Not financial advice.
Long
by Verve97
1
DOGE > Possible Bull Flag Pattern!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #DOGE Hello friends. Bull flag at FIB 61.8 level near 0.50, waiting for confirmation to get in, a close outside the support line of the flag pattern will invalidate this pattern. Safe trading everyone Check today analysis below⠀ >> “Time is your friend; impulse is your enemy.” _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
59
XMRUSDT Another bullflag? 🦐the price is creating another bull flag after a very nice bullish rally. IF the price will have another breakout 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.
XLong
by InkyGrip
6
FLAG PATTERNS & PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONSHi everyone and Good morning. Welcoming you back (after 18-week break) Thanks for your like and supports. This is Part 3 of my Technical Analysis series of CHART PATTERNS BULL AND BEAR FLAGS Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders BULLS generally refer to the price action of buyers as they drive Stock PRICES UP, while BEARS refer to the selling action of sellers as they drive stock PRICES DOWN. For starters, let’s define what a Flag pattern is: A flag pattern is a TREND CONTINUATION PATTERN . It is named a flag pattern because its formation resembles a flag on a flagpole. The pole is usually the result of an almost VERTICAL RISE IN PRICE, and the flag part results from a PERIOD OF CONSOLIDATION When the price breaks out of the consolidation range, it triggers the next move higher. Flag patterns can either be BULLISH or BEARISH. Follow me closely, as We will now look at BULL and BEAR Flags in turn: BULL FLAGS Bullish flag formations are found in stocks with STRONG UPTRENDS. They look something like (sketch 1 on chart) As can be seen on the sketch 1 chart above, the pattern starts with a STRONG, ALMOST VERTICAL price spike, that eventually start losing steam forming an orderly pullback where the highs and lows are parallel to each other forming the FLAG in the form of a tilted rectangle. The tilted rectangle (flag) usually breaks to the upside resulting in another powerful move higher, usually measuring the length of the prior flag pole (Let’s consider the sketch 2 chart) Now let’s look at BEAR FLAGS : The bear flag is an upside-down version of the bull flag. It has the same structure as the bull flag but inverted. looks like sketch 3 As can be seen above, the flagpole forms from an ALMOST VERTICAL price drop, which is followed by a period of consolidation, with parallel upper and lower trendlines forming the flag. A break of the support structure of the flag, results in another move lower, with the same length as the prior pole. Just as with any Chart pattern, there is usually psychology behind its formation. Let us look at the PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONS: On bull flags, the bears (short sellers) get blindsided due to complacency as bulls (buyers) charge ahead with a strong breakout causing bears (short sellers) to either panic and cover their ‘shorts’; or add to their ‘short’ positions. Once the stock is in the consolidation stage, the bears (short sellers) regain some confidence and they add to their ‘short’ positions with the expectation of a price drop; only to get trapped again when the price break to the upside causing short sellers to cover their ‘Shorts’ thereby driving prices even higher Since some short-sellers from the initial flagpole run up may still be trapped, the second breakout forming through the flag can be even more extreme in terms of the angle and severity of price move. That is precisely the psychology behind BULL FLAGS; and that same psychology applies on BEAR FLAGS, just in reverse. Now let’s consider the sketch 4 on how we can make money from bull and bear flags: On a bull flag, you typically want to enter a Long trade on a breakout to the upside. Take profit target should be the same length as the prior flagpole. Stop loss should be placed just below the broken resistance line, which will now be acting as support. I will leave it here for this week, that’s all I had in store for you. Follow me And JOIN me again next week as we will be talking about another Chart Pattern that works. Until then, here is to Profitable trading!
COINBASE:BTCUSDEducation
by TaherJalili
6
PDN Reclaiming TrendPaladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich mine (LHM) in Namibia. Bullish Outlook: Current price has reached former TB Fib Extension 1.0 Level. It has broken key Daily Resistance and reclaimed Uptrend and now has a real chance of claiming new TB Fib Extension Level 1.0 (Identified by blue Horizontal Line). I'm watching Volume and RSI but also cautious of a short term retrace. Also note that Bullflag target flagpole is alligning with former TB Fib Extension Target Level 1.618 Bearish Outlook: If price was to retrace and break key support level then my target would be @0.09 which would be my next level of Daily Support. Keeping it super simple. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:PDN
by Trader_Johnni
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern. The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off. I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then.. Bullish cross on the KST where I have placed the downward pointing finger. The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger. $8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
TSXV:HIVELong
by ScotianBot