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Continuationpattern

🐻USD/CAD SHORTUSD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart. Price has now formed another pennant on the 1H chart. Price showed strong rejections off the previous support with a bearish engulfing pattern The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be expected. We should look to sell with targets marked in green. A second target would be at 1.20070 but is for the pennant on the daily chart. OANDA:USDCAD
Short
by WAR_ON_FOREX
Ascending Triangle for Bitcoin?It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. Target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. Source of these takeaways are from Investopedia, as I think that this Article matches pretty much what I think about "Ascending Triangles" If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
BYBIT:BTCUSD.P
by blauersamt
USOIL 91.05 -3.03 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated, broke out and retested the structure . - Short term the pair has currently at the supply zone could go lower but looking for possible continuation with the bulls. - Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met. ******* CRUDE OIL INVENTORIES ON THURSDAY, there is a decrease in the oil is actually less than expected @ 1.121 M which implies HIGHER demand and the energy could react BULLISH. So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILLong
by PULEMokhothu
5
USDZAR 15.44490 + 0.45 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair just broke above a symmetrical triangle on the 4h chart tested supply zone and possibly rejecting. - we are currently consolidating in a descending triangle on the 4H. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. PREVIOSE SET UP lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
4
AUD / USD 0.72010 -0.12 % SHORT IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE AUD / USD PAIR. * The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure. - Short term the pair has currently entered a down trend as WE break bellows on the 4h chart entering a descending structure. - currently at supply zone looking for a break below of this zone, for confirmations possible retest depending on the momentum. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. lets see how it goes PREVIOS SETUP IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
BTC 2022 PredictionSketched this a few days ago and still going as predicted... As we know, BTC still on the bull uptrend. For 2022 this is my prediction. We are currently sitting on a downward continuation bull flag/downward channel, and within that channel, there is a small flag reversal just right on 61.8% ($44,589) FIB and this could be the pivot point to start moving back up again, although, it could still reach the support level a little under 61.8% FIB at around 41K or so.... worst case before continuing up would be 78.6% FIB at $37954, which as we have seen through history, is normal for BTC. Entering targets: currently at 61.8%, please time the best entry and wait for confirmation or at 78.6% FIB at $37954, please time the best entry and wait for confirmation
COINBASE:BTCUSDLong
by gsotolongo
Intriguing continuation triangle pattern on xrp weekly log chartIf we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna inevitably continue going up in the not so distant future, but probably not anywhere as high as $700.
POLONIEX:XRPUSDLong
by DrDovetail
4
NIFTY50 MASSIVE BEARISH CONTINUATIONON NIFTY50 Daily chart we have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. The market cycle in the daily time frame chart for Nifty made a bearish long day candle on Friday. This candle completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs, and the area is considered a reversal pattern on the downside. Breakout the support zone and moving in a parallel channel formation continues to the next target and breaking zone 16750-16000 Wall Street's three leading indices fell on Friday, with the technology stocks-heavy Nasdaq Composite tumbling 1.9 percent, as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support while they grappled with uncertainty around the Omicron coronavirus variant. European markets also dropped earlier in the day, with the pan-European Stoxx 600 index declining 0.6 percent. The overall sentiment is Negative. Nifty Intraday Trade Setup for 7 Dec. 2021 ====================================== Intraday Support is: 16,150 Intraday Resistance is: 17.350 Key Resistance is: 17,600 Key Support is: 16,780 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NSE:NIFTYShort
by legacyFXofficial
3
GBP / CAD 1.69925 -0.41 % LONG IDEA * PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD. - completion of the INVERSE H&S ON higher time frames played out well here's where we were last trading week - reversal at 61.8% fib level - LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest of either the 50% fib or 61.8 fib * looking for trend continuation on this pair. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
1
AJG looking to continue its moveI last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were accumulating during this time. The stock broke out with higher than average volume and is showing signs of continuing its move. Trade Idea: * Now's the right time to enter as it's not too far from its broken level. * If you're looking for a slight discount you can look for an entry near the $164.08 area as this should now serve as support. Caution: * A daily close below 164.08 would put it back inside the consolidation range. * A daily close below $160.21 would negate this idea.
NYSE:AJGLong
by HaseebKhan_90
Waiting for breakout of bullish P-Wave on SOLUSDMajor Bullish Signs on SOLUSDT All the analysis Part is viewable on the Chart. Investment advice: I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation. As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle. I will publish the bottom indicator later as it is not as user friendly yet.
COINBASE:SOLUSDLong
by Honestcowboy
Candlestick Charts Part 3: ContinuationHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend. Today's video will be about the Candlestick Chart : Continuation Patterns. Continuation Patterns are candlestick patterns that tend to resolve in the same direction as the prevailing trend. So lets start by talking about the different types of Patterns : Bullish Continuation Patterns Bearish Continuation Patterns And they are divided into 3 groups : Weak Patterns Reliable Patterns Strong Patterns We Start with the Strong Continuation Patterns : 1) Rising Three Methods : is a five candlestick bullish continuation pattern. The first candlestick is a large bullish candlestick that takes place during an uptrend. Then a group of two to four small body candlesticks (either bullish or bearish) retreat within the price range established by the first day’s real body bullish candlestick. The final candlestick of the pattern is another large bullish candlestick that closes above the first day’s closing price. 2) Falling Three Methods : is a five candlestick bearish continuation pattern. The first candlestick is a large bearish candlestick that takes place during a downtrend. Then a group of two to four small body candlesticks (either bullish or bearish) slowly ascend within the price range established by the first day’s real body bearish candlestick. The final candlestick of the pattern is another large bearish candlestick that closes below the first day’s closing price. 3) Deliberation in an uptrend : A deliberation structure is comprised of three Japanese candlesticks. All three are bullish (green). The first is a candlestick with a small body followed by a large full candlestick. Finally, the last candlestick also has a small body and forms a star. 4) Concealing Baby Swallow in an uptrend : The Concealing Baby Swallow is a four-line candlestick pattern, which appears so rarely. Two Black Marubozu candles appearing one after the other are very uncommon situation on the candlestick charts what limits the appearance of this pattern. Now Lets Talk about the Reliable Continuation Patterns : 1) Bullish Separating Lines : Bullish separating lines pattern is a two-candle bullish continuation candlestick pattern that comes up in the middle of a bullish trend. It indicates that the current bullish trend is about to continue after a temporary pullback. 2) Bearish Separating Lines : The bearish separating line is known as a bearish continuation pattern. The first line is a white candle that comes up as a long line in a downtrend. The second line is made up of a black candle that comes up as a long line. Both bars will open at the same price, and then the prices are separating. 3) Bullish Matching High : This pattern involves two or more matching highs. On a lower timeframe chart this pattern will look like a support or resistance being broken. Breakouts are used by traders a trigger to enter the market with the momentum of the breakout signaling a new leg of a trend. 4) Bearish Matching Low : This pattern involves two or more matching lows which if broken is a signal that there will be a resumption of the current trend. 5) Upside Tasuki Gap : It is a bullish continuation candlestick pattern which is formed in an ongoing uptrend. This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick formed after a gap up. The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles. 6) Downside Tasuki Gap : Downside Tasuki Gap is a bearish continuation pattern that forms in the middle of a downtrend. The first candle is bearish, and is followed by a negative gap and another bearish candle. The third candle is bullish and closes right in the gap between the first two bars. And Last but not least The Weak Continuation Patterns : 1) Advance Block : The advance block is a three bar pattern. The pattern appears as a block of three white, rising candlesticks, each with a shorter body than the last. The candles should not have overly long shadows as these can sometimes develop into other pattern types such shooting stars and hanging men. 2) Stick Sandwich : The stick sandwich candlestick pattern can occur in both bull and bear markets. The stick sandwich candlestick pattern consists of three candlesticks, where one candlestick has an opposite colored candlestick on both sides. The closing prices of the two candlesticks that surround the opposite colored candlestick must be same. 3) Bullish Side by Side White Lines : – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is white. – Then there is a Gap Up between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is above the Real Body of the First Candle. 4) Bearish Side by Side White Lines : – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is black. – Then there is a Gap Down between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is below the Real Body of the First Candle. 5) Bullish On Neck Line: The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is Bullish and the second one is Bearish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. 6) Bearish On Neck line : The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is bearish and the second one is bullish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. I hope that I was able to help you understand Continuation Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 links will be bellow
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COINBASE:BTCUSDEducation
by GabiDahduh
36