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Bullflags

GBPNZD on a bull flag 🦐GBPNZD on the daily chart after a double bottom over a monthly trendline tested the resistance area at 1.91500 and retraced inside a bull flag. The market bounces exactly over a weekly support and created a strong impulse on the last trading day of the week. According to Plancton's strategy, if the conditions will be satisfied, 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.
Long
by InkyGrip
12
ZOM - impressive price actionZOM broke out of a 22 months resistence @ 0.50 with a Breakaway Gap on 11 Jan (after some stealth accumulation for 2 months prior). Breakqway gaps occurs at the start of a trend and do not get filled (until one fine day when the stock finally turned bearish). The stock has been trending nicely since, with a bull flag consolidation in the past few weeks before another strong move up yesterday. For those who have yet to stake into this stock, it is difficult to wait for a pullback (which may or not may not happen before it goes much higher). For those who do not mind taking calculated risk, consider to dip your toes in from 1.30-1.50, with initial stop several ticks below yesterday's large candle's low @ 1.16. Position size accordingly to cater for this wide initial stop loss. Near term target of 1.75 (some resistence around here) should be pretty achievable and the longer term, I feel that 2.98 is definitely plausible. Protect profits with trailing stops at pivot lows on the way up! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
AMEX:ZOMLong
by Juliac
1
Bitcoin Bull FlagMeasure Rule for price targes: Compute the height from the start of the price swing to the end of the price swing and then multiply it by the above “percentage meeting price target.” Add it (upward breakouts) to the bottom of the flag or subtract it (downward breakouts) from the top of the flag to get the price target. Also from Tom Bukowski: "If the flag appears above (upward breakouts) or below (downward breakouts) a flat base then expect the move to be a large one." Break even failure rate for up/down breakouts: 44%/45% Average rise/decline: 9%/8% *Performance results for flags are based on the short-term price swing, not the change from the breakout to the ultimate high or low as in most other chart patterns. Percentage meeting price target for up/down breakouts: 46%/46% Price Trend: Can be any direction leading to the chart pattern. Shape: Looks like a small rectangle often tilted against the prevailing price trend. Trend Lines: Price moves between two parallel, or near parallel, trendlines. Flagpole: The flagpole which leads to the flag should be unusually steep and last several days. Volume: Downward trend 74% (up breakouts) to 77% (down breakouts) of the time. Breakout: Upward 60% of the time.
BITSTAMP:BTCUSDLong
by ZenMode
4
The Bitcoin Bull Flag - Either it will, or it won'tBitcoin has clearly broken out of this Bull Flag and if the close on 1/31/2021 stays above the flag the price should continue North. There are a lot of opinions out there with all that is going on but I'm sticking to my faith in where Bitcoin is ultimately going. Since Michelle Saylor thinks the same way I believe I am in good company. This next coming week should be very exciting for Bitcoin. Are you in or out? I'm in!!!! Good luck. BBS Out.
COINBASE:BTCUSDLong
by BitcoinBearSlayer
4
Are We Entering Wave 3 of 5? - Bull Flag PendingHello Traders, Firstly, we can see a nice bull flag structure shaping up here on the AUDJPY and the AUDUSD. The EURAUD also looks like a potential SELL opportunity. We can see a nice 5 wave structure higher followed by an ABC correction, this suggests we could be entering the next wave, which will be wave 3 of 5. Are we entering a final push higher before a larger correction across risk assets? Let us know your thoughts or comments below.
Long
by ALVIU
LT - Bull Flag - Breakout awaited - SwingThis analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target Stock is at good consolidation phase and it can be accumulated with small SL (1085-1090 range). Stock is fundamentally strong. The sector is having good push by govt policies and LT being the leader, very high chances that it will rise near life time high. This is not a trade recommendation. Do your own study before entering into any trade. Trade with your own risk & money management. Feel Free to comment for any query or suggestion.
NSE:LTLong
by AdityaKarn90
GBPNZD ona bull flag 🦐GBPNZD after breaking above the weekly resistance reached the previous high at 1.92 level. From there the market started a retracement move into a bull flag and recently touch the 0.5 fib level. According to Plancton's strategy, if the conditions will be satisfied, 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.
Long
by InkyGrip
16
ZILUSDT is creating a Bull Flag 🦐After our idea with amazing profit , $ZIL.X is creating a bullflag on daily chart. IF the price will have a breakout upward, 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.
Long
by InkyGrip
32
TOMOUSDT is inside a bull flag 🦐After previous Idea the price had a rejection from daily and historical resistance, and the price is starting to create a bull flag. IF the price will have a breakout from it and flip the daily resistance 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.
TLong
by InkyGrip
6