Flagbullish
Gold Set for Explosive Breakout! Key Levels & Patterns to Watch!Daily Chart Breakdown
Chart Overview:
Time Frame: Daily
Key Levels:
Daily LQZ: 2,450.370
4hr/ LQZ: 2,437.909
1hr TP: 2,419.054
Current Price: 2,410.920
Analysis:
Higher Highs (HH) and Higher Lows (HL): The chart indicates a strong uptrend with the formation of higher highs and higher lows. This suggests that the market is in a bullish phase.
Flag Pattern: The price action has formed a flag pattern, which is a continuation pattern. The
breakout from this pattern could lead to further upward movement.
Channels:
The price has been moving within an ascending channel, indicating sustained upward momentum. A descending channel breakout in the past led to the current ascending channel, showing a reversal and continuation of the bullish trend.
Conclusion:
The daily chart shows a strong bullish trend with key levels to watch for potential entries and take-profit targets. The flag pattern and ascending channel support the bullish outlook.
4-Hour Chart Breakdown
Chart Overview:
Time Frame: 4-Hour
Key Levels:
Daily LQZ: 2,450.370
4hr/ LQZ: 2,437.909
1hr TP: 2,419.054
Current Price: 2,410.920
Analysis:
Flag Pattern: The price action is forming a flag pattern similar to the daily chart. This reinforces the bullish continuation expectation.
Channels:
Descending Channel: A descending channel was broken, leading to the current ascending channel.
Ascending Channels: Multiple ascending channels are observed, indicating strong bullish momentum with higher lows and higher highs.
Conclusion:
The 4-hour chart aligns with the daily chart, showing strong bullish momentum with clear patterns and channels supporting further upward movement. Watching the key levels mentioned can help identify entry points and targets.
1-Hour Chart Breakdown
Chart Overview:
Time Frame: 1-Hour
Key Levels:
Daily LQZ: 2,450.370
4hr/ LQZ: 2,437.909
1hr TP: 2,419.054
Current Price: 2,410.920
Analysis:
Flag Pattern: A smaller flag pattern is forming, suggesting a short-term bullish continuation.
Channels:
Ascending Channel: The price is moving within an ascending channel, showing strong upward momentum.
Holding Channels: The price has respected the ascending channels, indicating potential for further upward movement.
Conclusion:
The 1-hour chart provides a detailed view of the recent price action, confirming the bullish trend seen in higher time frames. The ascending channels and flag pattern suggest continued upward movement with key levels acting as potential targets.
Overall Summary
The analysis across daily, 4-hour, and 1-hour charts shows a consistent bullish trend with the formation of higher highs and higher lows. Flag patterns and ascending channels indicate strong upward momentum, with key liquidity zones and take-profit targets identified for potential trading opportunities.
Breakout Long setup about a Hong Kong stock👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in 1199.HK for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
#THOMASCOOK is near to Break Previous All Time High
Company has reduced debt.
Company is expected to give good quarter
Company's median sales growth is 43.8% of last 10 years
Bitcoin Bull FlagCME:BTC1!
Possible Bull Flag on CRYPTOCAP:BTC
Measured move approx 96400. Could we get a Fakeout as the ignition for this move.
Post Bitcoin Halving ... markets look just as exciting.
Aggressive entry on candlestick currently printing (not closed on D)
Always have Plan A and Plan B and manage Risk.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
FLAGACC fut made & broke above flag pattern on an hourly charts with decent OI.
Not to b missed breakout.
Could be bought with mentioned stoploss & target.
DR Reddy Ready for Fly in long termDR Reddy has made Flag, and the breakout is done.
Buy and target is 6000, 6500,7000
AMZN to $1881HR Chart
Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this value rests near the 168.1% level.
On-Balance Volume (OBV) has a positive slope which suggests that bullish investors are outpacing the bears. I also recently began using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators. While my experience with RSI and MACD is limited, the RSI appears to be approaching a bearish crossover before the MACD crosses above its signal line. I interpret this as a possible correction to the pennant support line (the 4th leg) with a near immediate recovery.
1D Chart
A share price in the $180s should be carefully watched as this level has been a significant area of resistance in the past. As tempted as I am to suggest it may be forming a double top, the middle trough dipped too low and it appears that AMZN may be trading in a horizontal channel. If AMZN surpasses the $188 price ceiling with significant volume then a 12 month price target of $250 is pragmatic. Should the opposite occur then a 12 month target of $80 could also be expected.
BUY MOVR SIGNAL bullish technical analysison the daily chart we can see a flag pattern, we can also see on the 4h chart adam and eve pattern, with a target of 160%
BINANCE:MOVRUSDT
MCX ready to run higher and higherBuy high and sell higher works when momentum is working one way. That seems to be the case for MCX right now. A classic bullish flag pattern breakoutThe stock is trading at highs but the momentum shows strength to soar higher
Entry - 3637
SL - 3445
Tgt - 3934
TSLA tesla-ing... 250, 252, 255Month & Week have a current strong up trend. 231 is the hold line. Above 140 (142 esp), looking to head back to 252. Ultimately, I will be looking to get back to that 299 rejection area to break and hold.
POV @ ICICI PRUICICI PRUDENTIAL gives Long Trend line breakout on 7th June23, and rallied till 13th July then after consolidation creating flag pattern. today, 11th September 23 giving a flag pattern breakout, so I will go bullish if 585 above closed on daily basis. that close give me confirmation of breakout of nearest resistance also. my first target will be recent higher High and after that getting 2nd and 3rd target using fib Extension tool
💡🚀👑BTCUSD target 40k🚀🚀Hello traders what do you think about this analysis trading ideas 💡😁💡
Btcusd flag chart 📉📈 pattern channels)
34k support levels✅
36k support levels✅
38k resistance Levels ✅
39k resistance Levels ✅
Now waiting for next target analysis 40k resistance Levels ✅😱
Follow up with my trading ideas 💡😁💡
MAGICUSDTMAGICUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
ICICIGI: A Channel pattern rideICICGI Looks good.
200 Moving average support in Weekly Timeframe.
Flag pattern in formation.
Trendline Break previously and price wanting to move up.
GBPCHFGBPCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
🔔DIONEUSDT🔔After breaking the descending channel and a good upward movement, the price is forming a flag pattern and it seems that the second phase of its upward movement is starting...
WOMAN , LIFE , FREEDOM✌
Bearish and Bullish Flag Chart PatternsFlag Pattern:
A flag is a chart pattern formed during a counter-trend move after a sharp price movement.
Why is it called Flag?
It is named because of the way it reminds the viewer of a flag on a flagpole.
What does the Flag Pattern represent?
It signifies trend reversals or breakouts after a period of consolidation.
The five main characteristics of a Flag Pattern are:
1. The preceding trend
2. The consolidation channel
3. The volume pattern
4. A breakout
5. A confirmation occurs when the price moves in the same direction as the breakout.
How to identify the Flag Pattern:
The most important part of the flag pattern is to identify a strong trend (in either direction, as the flag may be inverted, triggering a bearish move!). Take a look at the higher time frames when you find a flag pole to ensure the price is not simply ranging. It could be meeting a large area of resistance!
Bullish Flag Pattern:
When the prices are in an uptrend, a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend.
Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter a long position.
The breakout indicates that the prior uptrend will continue.
Example of a Bullish Flag Pattern:
Bearish Flag Pattern:
When the prices are in a downtrend, a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend. This indicates that there is more selling pressure moving the prices down than up and indicates that the momentum will continue in a downtrend.
Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter a short position.
Example of a Bearish Flag Pattern:
Conclusion:
A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. When the prices are in an uptrend, a bullish pattern shows a slow consolidation lower after an aggressive uptrend. When the prices are in a downtrend, a bearish pattern shows a slow consolidation higher after an aggressive downtrend. It is formed when there is an increase in demand or supply that causes the prices to move up or down.
May you all be PROFITABLE,
USDINR Weekly Flag and Pole www.tradingview.com
USDINR Weekly Flag and Pole
Upper Triangle Bullish Pattern
Going to take retracement from 50 EMA
wait till break out 25 Dec 2023
81.917 to 83.285 Range
KARURVYSYA Swing Trade setup.This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
On daily Time Frame Karurvysya is making rounding bottom pattern and is about to complete if breaks resistance of 116 with above above average volume on daily TF will buy with stop loss of low of candle below resistance, Target will be 127.
If Price rejects resistance then maybe we can expect it to form Cup & Handle like pattern.
On Weekly TF price broke through Flag & Pole Pattern and for that weekly target will be 135.
I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting.
Thanks everyone.
Bitcoin Breaking Downtrend ChannelBitcoin is currently Bullish as it is breaking out of the daily downtrend channel in a big bullish candle.I think it will continue to 30k as the first target and then to 35k.Also there is a change of structure as it is breaking the previous lower highs and going higher.
This is not a financial advice.
Now is completeHere it is a beautiful bullish flag, we will see bullish activity around this level, will be very interesting if fill the huge gap soon.
