SASOL - Looking very bullish indeed- SASOL is breaking out of a bull flag and looks set to test the down sloping 200 ma
- The IRAN / US events are likely to continue pushing up the price of oil
JSE:SOL
Bullflags
ETHUSD 4 hourThanks a lot for all the likes and comments.
Coming to this chart I believe the Red dotted line is yet to be retested as well as the price is moving in a channel.
Since MACD also shows some short term bearish signal, a retest to the $153 to $157 are is highly likely.
Breakout is imminent. Better buy the dips and hold your positions.
Cheers
ETHUSD - Intraday Bull Flag is FormingAfter yesterday's large run up it looks like price is consolidating above critical support. There is confluence of support between the bottom of the flag and major horizontal support at $155.
Is Namaste trading in a bull flag?Or possibly a descending triangle, only time will tell.
This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range.
In the grand scheme of things, this little rally is probably going to be another lower high, N is still down -87% since September where Andrew Left exposed this company for what it was, and still is, IMO, trash..
BTC forming possible Cup&handle patternIn my opininion price of BTC broke and succesfully retested long time resistance and bull flag. Now forming a possible cup and handle and if confirmed, upside movement is expected.
Cheers.
Canadian Dollar unwind fuelled by slower growth + oilCAD Update: Slowing growth with added bonus of cheaper oil
- Commodity linked currencies taking a hit from US de escalation of US/Iran tensions. Rhetoric confirmation over the coming weeks will fuel our short bias across energy and CADxxx markets.
- Poloz to confirm cautious outlook following slowing economic growth data (recent contraction in growth *-0.1% for the first time in 8 months) should see flow on effects in rates markets and a subsequent re pricing in CAD
- Larger corrective structure and bull flag has completed with a bottoming out should see an impulsive leg up through to 2017 highs. We would like to see some bullish conviction through 200DMA.
- +5.00% move on the table toward our sellside targets.
- Sensitivity remains to the upside from here. We have added bullish exposure to our macro & directional portfolios.
XRP BULL FLAGdeclining volume into apex of wedge/flag
probability of going higher as pattern completes.
keeping it simple
APLS Bullflag BreakoutAPLS has broken out from a downward sloping bull flag that is quite spread, this has caused a large gain, and a possible formation of a new uptrend. Gaussian channel can be seen to be rising fast. Other chart patterns include a wedge, a double top and a bear flag.
XBI - Bull Flag BreakoutLook for biotech stocks to start performing well. Price targets are noted on the chart. Bollinger Band shows a squeeze in this area as well.
Bull Flag breakout for Fairfax!Notice how the 200 Day MA was playing as the resistance ceiling of the bull flag, now that it's been broken flush to the upside there's been a Golden Cross on the Moving Averages, very interesting.
BItcoin Always ForwardHello All,
I have been sitting on this chart for a while and I have been meaning to share it, but after it has been hard for me begin to publish again, but that is trivial. Anyways, I hope you all enjoy this chart.
Let us start with the daily chart. On the daily chart, we can clearly see in light blue that we are up against resistance created by the descending triangle during the mid-year. It is forming a reversal pattern known as a inverse head and shoulder, it is clear that the volume is descending and that this is a standard head and shoulder, the price objective of this is approximately 8250, however, it is possible that there is no strong thrust from this pattern given that bitcoin is accumulating. This is denoted by the other orange arrow which hugs the green accumulation line. We are looking to break the upper most resistance of the descending by January 20th if not sooner, (this is merely an approximation and it is possible it will break sooner or later).
The descending triangle has been providing significant resistance for Bitcoin, however, we are on another trendline, the green one which has been strong support for approximately 6-7 years. This green trendline was the region in which we reversed approximately at 3200, whenever this trendline has been broken, it thrusts upwards with strong buying action. This is the accumulation line currently. The resistance of the descending triangle marked in light blue is hold the upper resistance, however, there is clear support denoted by the yellow trendline. Both of these make a bull flag, it also has descending volume. The price objective of this bull flag is approximately 18000.
Note: Red boxes and horizontal lines are regions of horizontal resistance.
Best of Luck and stay technical my friends!
Previous Analysis:
Bull Flag - GDL After failed attempts to stay above 200 EMA in April and May 2019, the stock has risen above 200 EMA with huge volume and consolidating nicely at 121-124 levels. Breakout out of above 126 with high volume can push the stock to a high of 145-150 levels. If u want to have a tight stop loss, 118 can be nice SL, however if you want to give some room to stock, you can put your stop loss below 200 EMA at 112. NSE:GDL
Is Bitcoin trading in a Bear Flag / Descending Triangle?It's possible that this is a giant inverse H&S, but looking for bullish patterns in a bearish micro downtrend is a great way to get rektt!
Bitcoin is trading well below the 200 Day MA & any time we've seen bull markets in BTC's history its traded above it, so the bearish sentiment is warranted.
Also, if we look at the same chart on a 1 year time frame it looks like a giant descending triangle as well, but there could be more of a bullish narrative on a macro scale & end up playing out as a Giant bullish flag, especially with the continued threat of World War 3. I said last year that the U.S was going to invade Iran, and 2020 is possibly going to end up coming to fruition, only time will tell.
I've linked my previous post where I made referencing to Iran & Bitcoin.
HEDGBTC Bullflag!Bullflag pattern has formed. Fib extension levels provided ( i hope i'm doing this right any tips appreciated ~ learning) 0.77 strong LR uptrend. Volume can be seen to be declining. Daily chart!
EWZ About to break a triangle? Target just under $62?Looks like EWZ is about to make a strong move.
Lots of bullish momentum could push the price through.
Not expecting a new impulse leg up
Break below 20ema and psar invalidates idea
ATVI Bull flag!Activision has formed a rounded bottom, which I first thought may lead to a cup and handle. However it looks as if this is turning into a long term continuation of the bull trend. A clear island bottom can be observed (gap), also a recently formed bull flag. Also included a bull flag pattern for anyone interested.
BE DowntrendBloom has been on a massive / fast paced run since October, however a clear downtrend is still present, and the success (breaking the downtrend) or failure of this bull flag, will determine if the stock rises or falls. An island top is also present with a clear price gap.
Pepsi bullflagPepsi is currently in a large upward channel on the weekly timeframe, on the daily timeframe a bull flag can be observed, this will lead to upsides. Other patterns include a diamond bottom reversal after a short term bearish run, a double top, and a double bottom. A great buy long term.
WAVESBTC Bullflag?Possible formation of a bull flag on waves BTC, Purple line indicates hard support and may be used as a stop loss. MACD can also be seen as rising.
EVRG BULL FLAGEVERG has seen some nice accumulation and the presentation of a massive bull flag on the weekly chart. MACD supports this with a rising trend in bullish territory. Also a large volume spike.
possible bottom!we currently awaiting the major breakout between the 25week and the 150 week moving averages for the price. we have a bear flag formed but with the stoch rsi moving out of the oversold region, and the CCI momentum indicator showing divergence, i feel like we are getting ready to retest the 25 week mvg avg soon. the larger pattern produced over the course of this year is producing a bull flag. if we are truly at the bottom we can expect a move to retest the 20K all time high. now this bearish pattern might result in a breakdown in the price but with the decrease in volatility and the strong support @ $6k i dont see much downside risk. IF you enter at these prices and IF we go back to all time highs you can see a potential 130% return. if you trade like to trade and would like to support my ideas you can sign up on bybit using my referral link . www.bybit.com
disclaimer not financial advice.
BullFlag TextBook... Bottom in ?Aprés une belle accéleration haussière , la latéralisation ces trois derniers jours s'est accompagnée d'un bris du canal à la hausse , nous offrant alors un beau BullFlag TextBook (voir le graphique). Le price action soutenu et le contexte de fin d'année (i.e. absence de liquidité provenant des fonds institutionnels) tend à demontrer que nous sommes dans un épiphénomène...Néanmois, le debut d'année s'annonce prometeur et semble augurer la fin de la pression baissière. Avant d'anticiper une hausse durable, un retest de la zone des 7200$ aprés l'accélération dominicale reste envisageble. Ce reteste de cette zone pivot permettrait égalememt de venir combler le Gap à la hausse sur les futures du CME, rapellons que sur la pair BTC/USD les Gaps sont comblés 95% du temps.
Le price action aujourd'hui nous a offert une belle jambe haussière mais vigilence pas de précipitation dans vos investissements.
CrypTalkiment.
@CrypTalk_
