Equities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less. IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve...
UJ is currently forming a nice flag down at the area of the strong Demand zone in M30. This means that it can anytime smash it above, or below, for a good intra-day trade. Prepare your alerts!
Waiting for the break of the channel, it will clear the direction of the trend.
As you can see Arrow1 it can be a flag formation. Condition for that flag formation is price should not break 294.05. Great Volume on Arrow3 may be suggest reversal trend or may be situation can be same as shown by Arrow2 .(Great volume = smart money generally) For short sell around 276.70 (SL 281) , First Target 266 Second Target 250.......
After a big spike with price in GOLD on friday and break of crucial resistance/trend line. I feel it will need some time to recover with a flag formation . Let's see how this plays out this week.
I believe that Ethereum is sitting at a very key point where we could see sub $100 prices in the next two weeks or the beginning of a long-term reversal. My analysis is based off of two very simple patterns and builds upon my previous analysis of a 4 hr bear-flag formation. My last published idea covered a 4 hr descending triangle pattern continuation recognized...
As you all may know in my previous TVC:DXY analysis I shared a bearish trap in the weekly analysis , right now TVC:DXY is in a Bearish flag consolidation at our 4H chart and a Bearish Butterfly Pattern. Also you can see that TVC:DXY is losing strength in MACD and RSI indicators divergence indicated in chart, therefore is a good time to go selling short...
We have a bull flag forming on the 1hr/4hr time frame. Target is my weekly key level of 0.77500 1:3 RR AUDUSD
I see XRP bouncing off support and making it's final moves inside this massive flag formation.
Look for impulse movements on lower time frames.trade with care
As price has bounced from the trend line order set at the 382 level to go long. Target is the 1.618 inversion/1.27 extension