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Flagformation

McDonalds - MCD• Nice upside of the MCD in the last weeks. • It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement • The gap before the flag formation showed a nice support at USD 242.95/244.77 • 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing • Outbreak of the flag formation was with higher volume which is supportive for the continuation • Price target at around USD 280 • Let’s see if the price can break through the resistance of the 100 MA and the 76.4% Fibonacci Retracement in the next days
NYSE:MCDLong
by Oliver-Basel
AUDCAD Analysis I Potential Rise to Resistance Welcome back! Here's an analysis of this pair! **AUDCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
BTC Bear Flag - Continuation DownBTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern. Expect the see a break below the lower boundary of this channel for a bearish continuation. A break below the swing low would be confirmation of continuation of the downtrend. Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.
BINANCE:BTCUSD.PShort
by HayeTrading
27
SIKA - Flag pattern Breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BSE:SIKALong
by PrakWorld_Traders
TSLA - Another Pattern is formingI can say now, the pennant pattern is invalid, because it broke the violet line that would have served as support for the pattern. But, now it is forming a new bullish pattern. The Bull Flag Pattern, bullish flag is also an extension/continuation of the existing trend. Even though flags suggest a continuation of the current trend, it is prudent to wait for the initial breakout to avoid a false signal. "TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
NASDAQ:TSLA
by Damako
Fantom (FTM) could be going bullish!🙁Fantom, just trading on the 1 day time frame, forms two candle stick patterns... Which could be a big bullish break out in the market, following its recent uptrends After forming an inverted cup and handle pattern in the past days, it remained on its key support level, then pushing of its somewhat lagging resistance area and then forming a 2 green wick, shallow pullback flag pattern.... Which are popularly noted for their extraordinary breakouts through out the year.... So the analysis suggest that if it keeps on forming strong Greenwich candle sticks and not surpassing the key Fibonacci retracement support area of 0.5 in the next few days or in about 2 weeks time in the 1 day time frame, there could be a potential breakout with the current analysis, market structure and high trading volumes on popular exchanges like binance fantom blockchain project has been picking speedy growth and more adoption.
Long
by Jezzz_