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FLAG

In case of failure of$48.5K, it is expected to increase to$52.5KIn case of successful failure, a rectangular pattern is formed. Waiting for the formation of the flag pattern and the end of the horizontal correction increases the price. With the break of the heavy resistance of $ 48,500, the price is expected to increase to the range of 52,500. In the range of $ 52,500, the resistance is 2,618 Fibonacci and the end of the flag pattern. * Horizontal correction is one of the strongest signs of rising prices in financial markets.
Long
by AmirAli4bdi
2
longing sentiment after the bearish flag for GBPAUD?From the previous week we have been able to witness a steep uptrend on this pair , this indicates along the way unless there's a chance to find a bearish trend there will be patterns along the way such as he clear patterns we are observing , a bullish flag now here is our catch , being at the moment in time , we have observed that the price broke through the brick wall - resistance trendline ; and made a proper retest on the support line , rejecting with a long wick , but we will consider this bias as invalid after the break of the bigger . lower low .
Long
by DIGITALASSETSINC
keep an eye on the flag... excerpt (tangent) on time frames.might not be an explosive one, but I don't know many buyers that can resist a bull flag. There is a lot of resistance to get through, but flags sometimes have a way of spearing. ----- A small tangent on trading multiple time frames: When I first started trading it seemed like changing from one time frame to another was comparable to looking at entirely different markets. By the time I got down from the daily to the 15 minute it felt like I was looking at a totally new chart and that nothing important carried over from the Daily timeframe. I'm slowly curing myself of this, but I can't put my finger on any cause or revelation I came to. That leads me to thinking it's something you have to practice and practice until it becomes a reality. It was like my mind physically couldn't hold all of the pieces together from the higher time frames. Moving to the lower ones, it would just let go of the previous information in favor of what was in front of me, being the lower time frames. I am getting better at holding all of the information together, but still it's not a cake walk. I would liken trying to do so to learning the piano. The ability to use your left hand and your right hand separately is something that requires conscious effort to decouple, isn't easy at first, but gets more natural with time spent practicing. The left hand typically does a slower tempo, and the right hand plays the faster rhythm. Same as trading. High time frames march to a slower beat, but they lay the tempo. The lower time frames make more notes, but they still occur within the tempo established by the left hand. Then you have times when high time frame support or resistance fails, instead of throwing them out the window, and deciding that only the lower time frames matter, you could instead consider it a change in key signature.
CME_MINI:NQZ2021Long
by emehoke
AUDUSD Bullish Reversal Price Action, Watch for Buys Hello traders: Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development. After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations. Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be exhausted. Latest development after a bullish impulse up, was followed by a channel/flag like correction, this leads to a right shoulder development of an inverse H and S pattern. We can now see price has indeed impulse out of the correction now, so good idea to wait for last confirmation of a LTF continuation correction to develop and finish, before jumping into the buy to the recent tops. Thank you
Long
by jojofang0901
39