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Flagformation

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.
FLong
by Jezzz_
$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.
ILong
by Hami_Invest
ZOOM VIDEO FLAG AND POLE Hello All Hope the last trading week was in the green for all of you. Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily). Good entry point if the daily takes support of the trend line and closes above the previous low. Stop loss just below the support trend line of the flag ( see red horizontal line ) . My entry is at the yellow horizontal line. Risk management rules fit well to a 2% rule if you start with a small to medium position for now. Can always pyramid on more while the stock is on its way up after a breakout of the resistence trend line of the flag with zero risk. ( stop loss = entry point ) or even add a trailing safe zone stop loss for profit taking. The target beautifully meets the previous resistence as you can see in the picture ( marked green horizontal line ). If you like the idea and would want more of such entries and exit ideas , please leave a like and a comment. Your support is greatly appreciated. Happy Trading
NASDAQ:ZMLong
by FoxxInvest
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