FLAG
ID's Next target is 0.95$!Hi every one
ID has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ID is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 0.95$!
🟡Summery:
-ID has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
-Next Target at 0.95$
🤑Stay awesome my friend
Thank you for seeing idea .
Have a nice day and Good luck
Flag - Slow Uptick of NZDCADNZDCAD is one of my favourite longs. Slow and steady. Not like the crazy volatility in the JPY weakness last week or today's spike in AUD strenght. NZDCAD is in a flag upwards. I just need to keep it tight, maybe around 50 pips & only 1 trade. Might be able to short it once in a while when it is range mode but my preferred trade is still the long side.
ACHV preparing to Reverse SHORTACHC previously ran up in a high tight flag pattern in my previous idea.
It has been slowly ascending in a narrowing channel. ( ascending wedge)
There has been a little push in volume on the indicator as price has
approached the upper boundaries of the channel. The average
directional index has decreased into the " chop zone" where consolidation
and lack of direction describes the price action.
I see this an an opportunity for a short entry. I will watch things on
the 1 and 5 minute charts for the best entry possible and the
ride this volatile biotechnology stock a long as possible.
Corrective Movement for AUDUSDThe AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550.
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It’s a bear flagI posted a couple months ago about the SPX struggling against the 20 month average resistance curve, after another rally, it looks like the 20 month stopped it dead in its tracks.
If you invert the chart, you’ll see a
That price has a made a classic flag, with “support” found on the red 20 month moving average. This is a trend continuation pattern, and the trend as of Nov 2022 is downwards
NZDCAD AnalysisWe have Higher time frame Bullish continuation, Now the market gave us the correction on the support of the current Bullish correction support, As we have first impulse as a retest from this support its a confirmation that the market have to go and complete the resistence of the cu8rrent correction.
NB: Im not advising this is my opinion
EUR-JPY Wait For Breakout! Sell!
Hello,Traders!
EUR-JPY is about to reteset
A strong horizontal resistance
Level at 148.000 and has
Formed a bearish flag pattern
So IF we see a bearish breakout
Then I believe the pair
Will go further down
Sell!
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BITCOIN 1h Flag!BINANCE:BTCUSDT
Bitcoin sitting in a Bullish Flag.
Possible retest of 50MA providing re-entry ideas for further upside.
1h is quite low time frame so decision making is more rapid but have Plan A, Plan B scenarios.
Possible Short to support 28.8k zone on bearish retest of flag breakdown.
Possible Long once flag breaks for continued upside - for target ideas, please see yesterdays post: BITCOIN Massive Move!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan.
If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time:
Mega List of Reasons for Kaspa's Growth - For Newcomers
First Solar 1D Possible Breakout of a Bull Flag FormationThe stock is showing a strong green day which could be the start of a breakout from the current bull flag formation.
First Solar's (FSLR) fundamentals support this thesis. The company has a large backlog which will take multiple years to work through.
It can be cheaper to build and run a solar plant than it is to buy gas for existing natural gas power plants.
First Solar is involved with large utility-scale solar installations with their efficient PV solar panels.
The company has strong expected double-digit revenue and earnings growth for the foreseeable future.
USDCAD: bearish flag is almost completeThe bearish flag pattern is a common technical analysis pattern that is used by traders to identify potential trend reversals or continuation. This pattern forms when there is a sharp downward move (the flagpole), followed by a brief period of consolidation (the flag), before another downward move.
In the case of the USDCAD pair, we can see that the pair has been on a downtrend for some time and has recently experienced a sharp downward move. The flagpole is formed by the length of the sharp downward move, which is usually quite significant.
After the sharp downward move, the price of USDCAD started consolidating, forming a rectangle or parallel channel, which is known as the flag. This consolidation period is usually characterized by decreasing trading volume and volatility.
Once the price breaks below the lower trendline of the flag, it signals a continuation of the previous downward trend. Traders may use this as an opportunity to enter short positions in anticipation of further downside momentum, which is exactly what we're planning to do here.
The short target is not fully determined yet, but aiming for the closest major support zone is always a safe bet. Hope this was educational and useful at the same time! Feel free to ask more questions :)