the first target is 40300As mentioned earlier, Bitcoin has created a downward flag pattern (see the chart below).
Although I expect breakdown of this pattern in the future; But its short-term target is 40,300
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
BTC is Forming A Bear Flag in downtrendIn the Binance chart, it is noticeable that Bitcoin is apparently forming a bear flag pattern in the downtrend. This pattern usually leads to breakdown and continues the downtrend
Copper looks interestingIt seems we have an ascending wedge formation on the 3h timeframe
Further confluence would be to
1.Wait for the break of the structure
2. Look for a lower timeframe structure for dirty (it could be a flag, triangle or even a smaller wedge)
It's a long way down patience pay
There's enough time to plan the trade and trade the prepared plan
AXS **FLAG** formation = Online 🔥🔥Just wait breakout :)
CUP and HANDLE formation target at least 91 USD.
DOGE : Flag & Cup and Handle formationDOGECOIN : Flag & Cup and Handle formation active :) 20-25% target 2% stop margin 5 % spot (**wait break out to buy**)
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.
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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.
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
USD/JPY Flag PatternLooking at a legit Flag Pattern here on USD/JPY if this is a solid pattern price should break up out of flag for continuation. Will see what happens.
Torrent PowerTorrent power made flag pattern on hourly charts.
Torrent power is breaking out of this pattern.
Buy with mentioned sloss & tgt of 590++
PidilitePidilite made an flagnpole pattern also took support @ 50% fib retracement level.
Buy with sloss 2325 & tgt of 2500
SOLANA CHART PATTERNSOLANA has been forming a bullish flag pattern, the volume is also showing that the bear market is getting exhausted and is possible that the general tendency is going upwards.
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
BUILD BEAR ABOUT TO GO BUILD A BULLNYSE:BBW
After a few quarters of consolidation, this one could be getting ready for a breakout of formation into the "SANTA RALLY"
QTR target of at least $30
** NOT NVESTMENT ADVISE**
$AMAT - Perfect Uptrend Flag Pattern and PullbackAfter 6 Months accumulation in flag pattern, Price started to go higher with sufficient volume. Pull back to resistance zone is good sign for going more higher level.
GBPUSD Long term buyGBPUSD weekly timeframe following wedge 95% chances up side break, maigre trend up side.
GBPUSD buy at 1.3610 to 1.3550 Stop loss 1.3280 Target 1.4180 and 1.4500.
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.
Flag Pattern Break Out Imminent On Maruti SuzukiFor my first ever TradingView post, here is a trade brought to you for free. As you can see in the image the flag patterns that Maruti Suzuki has been forming at 15 min timeframe. DO NOT CONSIDER IT A CALL. You can analyse for yourself as per the image provided and then put your thought in comment section if I made any errors. (Don't know if TradingView has one). NSE:MARUTI
Long $DOCU CMP $299.13Long $DOCU CMP $299.13. Good consolidate from last few days. Forming flag. Above all moving averages. Possible target $315 in coming days
$IDEXPrice have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the upside and could be setting up for an uptrend to the moon.
From July 14 to July 21 price contracted and lacked liquidity, afterwards it started expanding and tested support from lower breakout line at 2.07 dollars. This push down most likely came from smart money trying to get the stock at the lowest price, without breaking out the price bearish.
Price is still in the expansion phase but with strength from the flag formation it could be testing the upper breakout line at 2.77 dollars. If the stock can break this line, it will go into the breakout phase and we could potentially see some big moves to the upside.
