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Bullflags

Potential descending channel for MMED?The green upward sloping line of support is potentially keeping a bullish flag in play here, but it appears as though downward pressure is indicating there may be a retest of the bottom blue channel where I have the red arrow pointing down. KEY TAKEAWAYS A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries. A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
M
by ScotianBot
EURUSD 1.14251 + 0.37 % LONG IDEA * CONTINUATION PTTNS Good Day Everyone A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair. the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the upside of this move. lets see how it goes will be holding the trade on swing for the week... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
4
Bull flag or not ? Is this a Bull flag pattern or continuation of the downtrend channel ? We will know soon :) Chachain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CRYPTOCAP:TOTAL
by Anoinvest
12
GDR when Moon?Current pattern is still very corrective, the 1st demand zone has been broken so now moves towards the second between 53p-60p. This would break the lower trend line so it would be likely just a wick to this zone. There is also a gap to close in 59p here. Targets are still the same, as per previous chart the correction retraced more than 61% so initially would not count it in 5 waves to the upside but in 3 waves as ABC. Targets are the same for the net C wave 1:1 and 1:1.618. But consider to TP at 0.618 of the C wave as well if it truncates. Does not need much to move this as the correction is way overstretched reflecting the delay in the news and should end here somewhere.
LSE:GDRLong
by tempertrade