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Bullflags

IWM - Potential Bull Flag PatternThe Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price. Upon further evaluation of this daily chart, I might also be able to make a case for an Ascending Triangle pattern (orange horizontal trendline + magenta rising trendline) or a "W" bottom pattern (black trendlines). Regardless of which pattern you accept, all of them are bullish in nature. I have labeled two potential price targets I am looking at using the Fibonacci Extension tool again. I used the 50% , 61.8%, & 100% levels for these price targets.
AMEX:IWMLong
by Chartimistic
SPX: Possible Paths to ATH from 2nd of Three DrivesOF course this is pure guesswork and sheer speculation. Maybe the ATH is already in on Friday. Although futurez are up as I write this, their fair values point to nearly the same prices we saw near the close Fri PM. I marked this chart idea as Neutral, although it's really short-term bearish and longer-term bullish, until it becomes Bearish again in 2020. A lot of new money will have to flow in to push higher from here, market is already in overbought condition. It is a 3-Drive pattern, and an EW Ending Diagonal Triangle (see Mark Rivest post on the EDT for detailed insight- very fine analysis, kudos Mark and ty!): I show two alternate paths in my idea. Many others, of course are possible: Although overbought atm, but irrational exuberance could simply parabola up to the 1.62 Fibo at 3124, before distribution; or a bull wave pullback could begin this week and carry index down to retest the lower channel TL (in pitchfork). A last desperate parabolic climb to stratospheric prices is likely to occur in January, two years since the last time we saw that in Jan 2018. Expect a pullback soon in Nov, a terrific bullup to ultimate ATH, and another big break in Feb/Mar for Fib time and price. IDEA: Just buy UVXY to play this rotation; accumulate VIX ETF shares when VIX <12. UVXY is the Proshares 1.5x ETF; when Vix gains/loses $2, ETF gains/loses $3. On the last explosive Third Drive to the Top the VIX could get crushed to sub-10, as it was in Dec 2017 when it touched $9. Do not buy it too soon! NB: You can also buy call options on VIX itself if you want max leverage and have strong appetite for risk. I suggest getting a LEAP call if you do; on Friday the April 2020 $20 call was $2.30 with Vix at $12.30. It's a pretty fair risk/reward, considering that in Feb 2018 VIX jumped from $9 to $29. High price on VIX was $70 on 10-01-2008. This is not trading or investment advice, it is rank, sheer speculation on my part. Gamble on the futurez at your own risk! GLTA!
TVC:SPX
by DaddySawbucks
4
Is Ethereum trading in a descending triangle.Since trading in a large ascending triangle starting in early February this year, breaking out in mid May, we've seen a blow off top down into a descending triangle. Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle as well. ETH likes to trade in correlation with BTC, so we'll see I guess... The 200 Day MA isn't far away, roughly 17% to the upside, and the rsi is roughly neutral. Interesting. Time will tell per usual.
BITFINEX:ETHUSDLong
by ScotianBot
1
TNY Update.200 Day MA is only 26% away at the time of posting. Tinley has broken out of a ascending triangle, look at the rsi as well, very telling of a possible trend reversal after creating lower highs for months consecutive. Now Tinley is creating higher highs & higher lows on a micro level consistently. If we do see a retracement of any sort, I'd like to see 46c hold, which is the top of the ascending triangle, and one of the recent lower highs of the continued downtrend is at that level. On a smaller time frame & chart attached to this one you can notice a bull flag pattern that broke to the upside as well.
CSE:TNYLong
by ScotianBot
Another bull flag or a massive bull trap for a down trend It appears we might be having a big run up if BTC price follows through upwards over the 9500 (red line) area towards 9800 - 9920, thereby creating what appears to be a bull flag. Another range trading will then be within the flag before it shoots up but if goes down below the 9200 without hitting the 9800 area, I would assume that move invalidates creating a bull flag and prepare for a downtrend. This is not a Trading advice. Just following the price action and putting down my opinion of things.
BITFINEX:BTCUSDEducation
by PlatinumEntrepreneur
4
TNY Update. Possible Bull Flag.Unless Tinley breaks above 47c in the next few trading sessions we're basically just looking at another lower high. There's clearly a possible bull flag pattern that may play out. The RSI was at an all time low on "all time frames" recently, which is reflective of the aggressive bounce we had in the share price. On the RSI I've made some notes that may indicate a trend reversal. On a five day chart I'll post attached to this chart you can notice the RSI bounce off the top of what was once a descending triangle, this may indicate the trend is changing due to old resistance becoming new support. Time will tell per usual.
CSE:TNYLong
by ScotianBot
COCOS/USDT IDEAHello traders ! This is my view on the COCOS / USDT pairing. Cocos has had a nice run the last couple of days, and in my opinion looks like we have a little higher to go. The ADX and DI show the bulls are still in control. Unfortunately the momentum seems to be dissipating, (the white line) but as far as lagging indicators go, this could correct itself in time, if more buyers enter the space. Appears we are in a textbook bull flag looking for another leg up. Finding support on the 50 RSI level supports this as well. Time will tell ! Thanks for viewing Happy trades everyone ! For those curious about this crypto; The platform for the next generation of digital game economy Cocos-BCX' , fully named 'Cocos BlockChain Expedition', aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users.
CLong
by KYLEKILLJOY
AMB/BTC - KUMO Breakout Trade SetupI have been watching AMB for quite some time as we are seeing multiple Kumo breakouts from the alts lately. AMB is looking prime for a kumo breakout just needs a jolt like RLC had today. I am looking for it to break out to the 50% extension a retracement to the 0.382 and then for it to get to our golden 0.618. This is a mid term trade and I have set my alerts ready to enter as it will likely be the next mover as it is setup beautifully on the faily and the Tenkan is hooked into the sky. Enter - when we break out of the kumo or on the kumo retest. Targets 1. 461 2. 498 3. 536 Stop loss: 390 Twitter: @coachkcrypto Trade, Educate, Learn, Repeat! Coach K
ALong
by Joel_CoachK