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Bullish Pennant

bull pattern inside bull pattern inside bull pattern.this bullflag inside an inverse head and shoulders inside a bullish ascending triangle should provide a triple threat of bullish momentum that finally breaks us above the strong resistance at 8504 and allows us to achieve the elusive higher high on the weekly chart. We must always be ready for a potential fakeout of course but odds and probability strongly favor a successful bullish breakout. Targets for both the bull flag and inv h&s patterns are 8887 and the ascending triangle can take us into the 9.6k-9.9k region i've been predicting we'd reach been for awhile now before the correction its target is shown in the 9.7k range. Of course there is also a possibility that the ascending triangle is not just a triangle but an even bigger bullish pennant n which case we could break above 10k and even test 11k before the first significant correction. For now however that one is not quite as probable but we will have to see how things react once we reach the next major resistance just below 10k (assuming we break through 8504 resistance which probability highly favors)
BITSTAMP:BTCUSDLong
by DrDovetail
BTC-USD(T) : Bullish pattern?It seems that a bullish pattern appears actually in the market: A bullish flag, or to be more accurate, a bullish pennant . The only argument I have now against this idea, is that actually the market seems "frozen" with a reduced volume, compared to previous days. If BTC breaks up, it is important to see what happens next: will BTC brake also the very recent HIGH of 8350 USD? If so, then the market will warm up and we will head for 10k USD, or even 14k USD. * If you win good money with my help and wish to offer me a beer, you can donate me some (fractions of) BTC. BTC: 1BoZCLAoS26wAQPd75WixojoupW1mB4e3b
Long
by NickTsili
Possible ascending triangle bull pennant has a target of 10778btcusd has been consolidating inside an ascending triangle on the 4hr chart for a bit now and will likely continue at least one more leg up before the anticipated first real correction of this current bull run. On the 1 day chart shown here we are seeing that the triangle may not just be a triangle alone but also possibly a bullish pennant. If the bullish pennant is validated the breakout target is around 10,778 dollars. If only the ascending triangle itself is validated the target will be under 10k. You'll notice a few ideas back from this one I posted how I anticipate that much like the beginning of the last bull market and much like litecoin's price most recently displayed that odds are very good that we will see a 78.5% increase in bitcoins price from the point of its golden cross which when I did the math was in the 9.6k range. For that reason I have been saying that I don't think we will see a significant correction until we reach the 9.6-9.9k range. We have a very very significant horizontal resistance line here just under 10k at 9.9k and it could very easily be the rejection zone where our first significant correction begins. Of course if this bull pennant is validated, fomo can potentially take us as high as 11k before the rejection. Were the 9.9k zone to maintain strong resistance and instigate the correction however we would have essentially finished forming the body of a huge cup and handle and will have started forming its handle which when broken could send us skyrocketing. there may also be potential of forming a cup at the 11k range too though so I will have to take a look at that and get back to you on it. Lastly, even though this ascending triangle pattern has yet to have broken yet we just broke above an inverted head and shoulders pattern on the 4hr chart which has a breakout target that will send us right back up to the current strong horizontal resistance at $8504 and up out of the ascending triangle which should trigger the additional momentum we need to overcome the horizontal resistance line. There is a slight risk of a triple top a 8503 so keep an eye on that which if it were to form then our correction could come then but probability much more highly favors we break above it and head to at least 9.6k
BITSTAMP:BTCUSDLong
by DrDovetail
CANOPY - Possible BULLISH Pennant breakout to new highs of $80Trying my beginners luck on my first post on stocks. I've been watching price action for Canadian weed stocks the past few months and it is now finally breaking out of bearish bias, especially Canopy. BEFORE entry, please look for confirmation on candlestick patterns or price action at important S/R lines. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA. Good luck to everyone!
TSX:WEEDLong
by pjgonzales
Bullish pennant on LINK, could aim for higher levels.LINK/BTC is currently within a bullish pennant/triangle formation, and it could look to move higher. It is nearing the end of this triangle, and we could see it move with conviction whichever way it breaks. Given the prior trend is bullish, I lean toward this being a bullish continuation pattern. If Bitcoin decides to decisively move either way, it can ruin the party pretty quickly for LINK. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :) Entry: 11350-11750 Target 1: 15000 (Previous top.) Target 2: 16500 (Mid-way point between the previous top at 15000 and the estimated measured move.) Target 3: 18000 (Estimated target of the break-out by taking the measured move.) SL: 10500-10750 depending on risk. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress. Robinhood crypto article: support.robinhood.com
Long
by Deftsuo
PT.Sat NusaPersada,Tbk Bullish Pennant Come AcrossHello Guys, today i'm gonna charting on $PTSN indonesian stock. it's recent huge gains with almost 600% up in recent months because of it's company fundamental good news which is the company prime export it's smarthome routers to United States according to the last month company news. it's wireless routers can support the realization of smarthome connection that requires high data bandwidth. and also the latest news from $PTSN is the cooperation of a Taiwan-based iPhone manufacturer, Pegatron Corporation, in early January 2019. let's see how $PTSN technical analysis will go, as you can see on the daily chart, it's gently forming & establishing a bullish pennant while rejected two times in 1480 correction area which i marked with yellow boxes. so i assume it will totally break the pennant soon because it's good both in technical & fundamental. if the second impulse sticking out, it will retest 2200 area which is the previous swing high area. i'm jump aboard the trade, laddering buy at 1485 - 1550 area & will laddering take profits between blue box & green box area which means on 1700 - 2200 area. but we can't make a 100% prediction on the trade,let's keep on eyes on the support area (cutloose are) at yellow & reed boxes on the chart. because the fundamental news can ruin it, like the US-China war trade & the indonesian presidential elections day on 19th april. tab like button if like my analysis :)
IDX:PTSN
by UnknownUnicorn2803452
XAUUSD | H4 | BULLISH — Back to Nursery.Analysis — XAUUSD | H4 | BULLISH Target @ 1311.50 This is the 100.00% Fibonacci. This analysis has been established through our trend-based Fibonacci. In addition to this is a classic example of a bullish pennant — a pattern every trader must memorise in Forex nursery school. The price has been in consolidation amongst the 50.0% Fibonacci; This key level has not necessarily shown much reaction yet has still proven to be a key zone. In order to fulfil our target we must close above the resisting trend-line of our pennant, We may expect a stop hunt re-testing the resistance turned support after a clear move has been made. If a rejection occurs the price shall retest the support of the pennant. Thank you.
FX:XAUUSDLong
by IBNE4BBAS
symmetrical bullpennant breakout confirmed/higher high on 4hr We wanted to see the price action rise above this horizontal purple line to achieve a higher high on the 4hr chart and with the current 4hr breakout candle we have seen just that. A great sign for the bulls. However to securely reach a higher high on the chart that really matters(the 1 day chart). We're gonna need to get price action above this pink horizontal line just above that. The breakout target of this bullflag should have us reaching that higher high no problem plus we still have the price target to reach from the green falling wedge which is slightly above that too...that helps increase the odds even though falling wedge breakouts often don't reach their full breakout targets. There's also the large tan symmetrical triangle we have been above for quite some time now odds are good we will trigger its breakout and reach its breakout target. Only thing that could stop us from getting above that pink higher high on the 1 day chart horizontal line is the fact that we haven't had a higher high on the 1 day chart since the very beginning of the bear market and they always say the trend is your friend until the end. That's also why if we do trigger a breakout here above that higher high the trend may indeed finally be starting to reverse...we will of course want to see it followed up with a higher daily low and then one more consecutive daily higher high to be certain the trend is changing....or even a capitulation plummet right after this higher high and after that follow it up with a higher high/higher low/higher high sequence on the daily chart....either way to me it feels like the end of the bear market is truly near.
BITSTAMP:BTCUSDLong
by DrDovetail
USD/JPY - Possible BULLISH Pennant formation breakout for 111USD bulls are preparing to break out of 110 by forming a bullish pennant. Waiting for price action to break out of the pennant and bounce off resistances as shown on the chart. Target is near R5 and around 110.9. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA. Good luck to everyone!
Long
by pjgonzales
4hr deathcross nears…can 2 bull patterns be enough to reverse itWe currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially trigger it...if this were to occur we could see a brief trip back up to the 3950 range. However even if this were to occur I don't think the momentum will be big enough to prevent the 4hr death cross or even flip it quickly back to a golden cross...so while both these patterns may very possibly break bullishly I think the end result is still going to be a sustained 4hr death cross and a bearish drop in price action to go with it. If they don't break bullish and it just continues to break down from here then I think we may see a double bottom bounce at the 1 week chart's 200ma around 3260 or so...if we do break upwards and hit the inv h&s target of 3950 or so there may be enough fomo generated at that point to get above the neckline of the much bigger inverted head and shoulders pattern around 4k at this point...I could potentially see this setting a huge bull trap at this point and if we did inch above the neckline I think there would be such a spike in longs that it would set the perfect bull trap for a big capitulation candle inv h&s fakeout crash from there...one that could drop to 2.8-2.9k or possibly even lower. Of course I always gotta also factor in the slim possibility however that it could actually legitimately trigger that bigger inverted head and shoulders pattern as well and take us to over 5k but that seems very improbable at this point especially with the 4hr deathcross on track to happen in the enxt 8 hours or so. Of course with crypto nothing is impossible so I can't discount the possibility entirety. Thanks for reading and understanding this is not financial advice!
BITSTAMP:BTCUSD
by DrDovetail
bitcoin bullflag looking more like a symmetrical pennant now The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will trigger the inverted head and shoulder breakout but plan on having a smart stop loss should a fakeout occur.
BITSTAMP:BTCUSDLong
by DrDovetail