Get started

Flag

A close above the top red trendline would be very bullishShown here on the weekly chart is the weekly bullflag bitcoin has been consolidating in ever since correcting from the all time high we hit earlier this year.. For the first time since then, we now have part of a daily candle body above the top eligible top trendline of the flag and may very well close the current daily candle above that trendline for the first time which would be a very bullish development. It will be even more bullish if we can also manage to close a weekly candle above it as well but we still have another 6 days before anything like that can occur. For now a daily candle close above is still good progress which we have about 40 minutes left before the current daily candle closes (not shown here). If we were to break up from the red bullflag at this exact spot on the chart, there is some excellent bullish confluence here as you can see the measured move breakout target from here would be the exact same target as the much larger Purple bull flag we broke upwards from back in February. Both have a target around 99k. So this would indeed be a great spot for such a breakout to occur. We can also see the weekly 50 moving average(in orange) is holding very strong bounce support and should help to prevent the price action from recentering the flag/channel in the coming months as it climbs higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Halliburton May Face ResistanceHalliburton has rallied since late October, but some traders may think it’s near a top. The first pattern on today’s chart is the June low of $32.60. The oil servicer consolidated below that level in August before accelerating downward. It’s now stalling around the same area, which may suggest that resistance is still in effect. Second, the series of higher lows over the past month could be viewed as a bearish flag. Third, stochastics are sliding from an overbought condition. Next, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That’s potentially consistent with a longer-term downtrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HAL
by TradeStation
Gold could drop under 2600 againFor most of last week, gold exhibited choppy price action. As outlined in my Thursday analysis: "Gold could recover Monday's losses in a choppy manner, forming a flag pattern with resistance around 2660." This prediction held true in the end and, after a brief spike above the resistance level, gold began its decline. At the time of writing, the price is trading at 2624, just above short-term support. Looking ahead, I anticipate this support level will break, paving the way for a drop toward 2590 and 2575- a level that aligns with the measured target of the flag pattern. My strategy remains to sell rallies, using last Friday's high as a key resistance point for positioning.
OANDA:XAUUSDShort
by Mihai_Iacob
5
TEL Symmetrical Triangle or Bull Flag ComparisonIs this a Symmetrical Triangle or Bull Flag? Here is how we decide. The triangle is in white, the flag is in pink. Symmetrical Triangle: higher lows and lower highs, representing a period of consolidation and indecision. The breakout direction typically depends on the preceding trend Bull Flag: A bull flag appears after a strong upward move (the “flagpole”) and consolidates downward in a parallel or slightly sloping trend. It signifies a continuation pattern, with a breakout expected to align with the prior uptrend. Analysis The prior move has seen strong upward momentum (55%, 44%, 33%), which supports the idea of a bull flag if the triangle is sloping slightly downward. However, if the triangle is symmetrical with equal pressure from buyers and sellers (not tilted), it’s likely a symmetrical triangle signaling indecision. I believe this is tilted upwards, signifying bullish. This is confirmed by the fact that net volume is $11 million above sell volume at time of writing. If it’s breaking above the triangle now and aligns with my target of $0.009, the breakout could validate it as a bull flag continuation pattern. 2. Key Factors Supporting the Analysis: Bounce off the 100-day Moving Average: A bounce off a significant moving average like the 100-day MA is typically bullish, indicating that buyers stepped in at a key support level. Breakout Above Triangle: Early signs of breakout above the triangle suggest bullish momentum building up. If confirmed with volume, this supports the bull flag hypothesis. Upcoming Catalyst (Public Hearing): The public hearing for Telbank approval on December 5 could drive speculative buying, adding bullish momentum. There may be a small sell the news effect, but if the hearing is positive this won't last for long. Short-Term Target ($0.009): If this really is a bull flag, the measured move target can be estimated by the height of the flagpole (the previous upward move) added to the breakout point. Risks to Watch: False breakouts are common in symmetrical triangles. Watch volume closely to confirm the breakout. If the price falls back below the 100-day MA, it could invalidate the bullish setup. Summary: Given the price action and catalyst, the pattern appears more like a bull flag continuation. Monitor the breakout level and volume for confirmation. If the pattern holds, the short-term target of $0.009 seems reasonable.
Long
by CryptoMitchX
1
NovoCure Limited (NVCR) to rally 100% ??** short term forecast, days and weeks ahead ** On the above 10 day chart price action has crashed 95% since support failed. Today sellers are trying to push that correction to 100%, are they right? Unlikely. 1) Price action (not visible on LOG) and RSI resistance breakouts. 2) Support on past resistance confirms. 3) Trend reversal. Higher lows print. 4) Bull flag confirmation forecasting a 100% move to mid 30’s. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: you decide Timeframe for long: Yesterday Return: 100% Stop loss: Will say elsewhere
NASDAQ:NVCRLong
by without_worries
6
NG. - Long: bull flag breakout NG. has formed a bull flag with a falling parallel channel and is about to breakout. Bull flag is a continuation pattern so woith complete formation of bull flag, expected price target is 1230 which 24% profit from current price. If we connect two highest points on a weekly point, they coincide with the same price target of 1230, completing formation of a bull flag. Price is also above SMA200. If price retraces back to lower parallel channel trendline, this would be a good add level as there is strong support zone in Weekly timeframe Enter: Current Market Price SL: 930 TP: 1230 R/R: 1:3.89
LSE:NG.Long
by I_M_Shoaib
2
XRP’s 3 hour chart 50ma climbing up through the bullflag A rare look by me at the 3 hour timeframe chart on XRPUSD. I normally don’t try to chart timeframes lower than 1 day because the chart patterns have a much lower success rate of reaching their full breakout targets. However I noticed that the 3 hour charts 50ma (in orange) has held as support since November 5th and is getting close to climbing its way up out of the bullflag here. If price continues to maintain solidified support on that 50ma, then it will validate the breakout up from this bullflag in the near future which will have a breakout target of around $2.00 . Of course being a small time frame, the 3hr 50ma could also easily flip back to resistance in which case we wouldn’t validate the breakout. For now probability favors the breakout upward slightly moreso. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
TEC DAX Poised to Break Resistance with Bullish PatternKey observations on the TEC DAX chart: - Fibonacci resistance on a major timeframe. - Bullish flag formation . How these elements interact: Since peaking in November 2021, TEC DAX has undergone a correction, with the market closely respecting the 61.8% Fibonacci resistance level. This level acts as a pivotal line, distinguishing between bullish and bearish forces. Now, right below this resistance, a bullish flag has formed, indicating that the bulls have meticulously prepared for this crucial confrontation. A significant battle is looming. Once the bears capitulate at this resistance, it could clear the path for an unhindered bull run. However, does this mean you should go all in with the bulls? Not necessarily. Money management is crucial . Every battle has an end, and the outcome isn't certain. While I'm currently betting on the bulls, always remember the risk of a bearish resurgence.
XETR:TDXPLong
by VineyardWave
National Retail Prop | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # National Retail Prop - Triple Formation | Template On Hold - Support=0 | 48.60 Area * Subdivision 1 | Double Bottom - Uptrend Movement * Subdivision 2 | Flag Structure - Forecast Template | Long * 012345 | Long * 012345 | Short Trade Set Up(Hypothesis) Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:NNNLong
by TradePolitics
Aegis Logistics looks good on chart now 907 Hello Investors, Aegis Logistics 📊 looks very promising (not a promise) as two chart patterns coincide each other. Now 907 go long for expected return as flag pole and head & shoulder both sink in together. short term holding can give good return if market condition and sector performance support the chart pattern. Long term has bigger target's based on quarterly results. Some news flow and global markets are unstable so keep in mind as sector may get impact due to business parameters.
NSE:AEGISLOGLong
by Rachitstock
1