Rukega NahiTrent Fut on the verge of breaking out of flag patern on hourly charts with good OI addition.
Risk:Reward = 1:3
Could b bought with mentioned stoploss & target.
Flag
Bitcoin currently in an ascending bull flagI made a rough estimate of where the flag make breakout for where I placed the dotted measured move breakout target line. There’s a chance it could not hit the entire flag tRGET and instead only reach the breakout target of just the channel portion of the flag itself which would be a much lower target. Also always a possibility arising channel breaks to the downside though at the beginning of a parabolic phase during a bull market they usually break upwards. We will see what happens soon enough *not financial advice*
SPEL offers 78% upside from these levels50% of the planned quantity should be entered at Rs. 45.26 with SL of 31. Remaining 50% quantity can be added once pole is breakout @ 80.72 which is a 78% capital upside.
The stock has retraced to 0.618 level @ 31 which is the HL, now the stock is ready to define its HH that potentially be the flag pole projection being out ultimate Target
FLAG BREAKSbi Fut broke past flag n pole pattern with decrease in OI suggesting shor covering.
Very aatractive Risk:Reward of 1:4.5
Could b bought with mentioned stoploss & targets.
Learn Best Price Action Patterns For Trend-Following Trading
In this educational articles, I will teach you the best price action patterns for Trend-Following Trading Forex.
📍Ascending & Descending Triangles
The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 main elements:
a horizontal neckline based on the equal highs,
a rising trend line based on the higher lows.
❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying at least below the level of the last higher low.
🎯Take profit is the next historical resistance.
Look at an ascending triangle formation on EURUSD on an hourly time frame.
On the left, you can see the structure of the pattern and on the right, the trading plan.
📍The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish.
The pattern consist of 2 main elements:
a horizontal neckline based on the equal lows,
a falling trend line based on the lower highs.
❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying at least above the level of the last lower high.
🎯Take profit is the next historical support.
Above is a perfect descending triangle pattern that I spotted on GBPUSD on a 4H time frame.
📍Bullish & Bearish Wedges
The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside.
The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying below the low of the pattern.
🎯Take profit is the high of the pattern.
Above is a falling wedge pattern that I found on GBPUSD.
The pattern is formed after a strong bullish impulse.
A trigger to buy is a bullish breakout of its resistance.
——————
The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside.
The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying above the high of the pattern.
🎯Take profit is the low of the pattern.
To correctly sell this rising wedge pattern on EURUSD, we should wait for a breakout of its horizontal support and then sell the market on its retest.
📍Bullish & Bearish Flags
The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside.
The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying below the low of the pattern.
🎯Take profit is the high of the pattern.
Above, you can see a perfect example of a bullish flag pattern on EURUSD on a 4H time frame and its trading strategy.
——————
The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside.
The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying above the high of the pattern.
🎯Take profit is the low of the pattern.
Above is a bearish flag pattern on GBPUSD and a full plan to sell the market based on it.
📍Bullish & Bearish Symmetrical Triangles
The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying at least below the last higher low of the pattern.
🎯Take profit is the high of the pattern.
This bullish symmetrical triangle on EURUSD on an hourly time frame is a perfect example of a bullish trend-following pattern.
——————
The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish.
The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying at least above the last lower high of the pattern.
🎯Take profit is the low of the pattern.
On the left chart, you can see a structure of a valid symmetrical triangle.
On the right chart, you can see how to trade it properly.
The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart.
Once you learn to do that, I guarantee you that you will make tons of money trading them.
SYM ready for another 15% gainReady to touch the final leg of the Bullish Flag i.e. 15% from current levels.
Instant entry can be made with SL around 14.3 for the final TP of 16.7
XRP ideaXRP currently forming a bullflag on daily. I want XRP to retest one more time my marked area of 221. From here I will try a long. Hopefully it pumps between 3-3.2 dollars. With a stoploss below 2 dollars.
TSLA: Will History Repeat?Last year we had a similar bullish flag pattern with one fakeout, then price descending towards lower trend line. Last year after this the price began to rally 90% to the upside. I have no idea what will happen but found this interesting and thought I'd share.
Trend lines are drawn on the daily chart so they might look a bit funny here.
A Bullish XRP Flag Emerges as $5 Call Options Heat UpXRP, the native cryptocurrency of the Ripple network, has been making waves in the crypto market recently.1 It has not only outperformed Bitcoin but has also shown resilience against the broader market downturn.2 This bullish sentiment is further amplified by a potential bullish flag pattern emerging on the price chart and increased activity in the $5 strike call options on Deribit.
Bullish Flag Pattern: A Technical Analysis
A bullish flag pattern is a technical analysis chart pattern that suggests a potential continuation of an uptrend.3 It typically forms after a sharp upward move, followed by a period of consolidation, resembling a flagpole.4 The subsequent sideways movement, often contained within parallel trend lines, is known as the flag.
If the price breaks above the upper trendline of the flag, it signals a potential resumption of the uptrend, potentially leading to significant price gains.5
Increased Activity in $5 Call Options
The increased activity in the $5 strike call options on Deribit is another bullish indicator. Call options give the buyer the right, but not the obligation, to buy a specific asset at a predetermined price (strike price) on or before a specific date6 (expiration date).7
A surge in call option buying often indicates that traders are anticipating a significant price increase in the underlying asset.8 In this case, the high volume of $5 strike call options suggests that traders believe XRP could potentially reach or even surpass the $5 price level in the near future.
XRP's Recent Performance
XRP has been one of the top-performing cryptocurrencies in recent weeks. It has outperformed Bitcoin and many other altcoins, defying the broader market downturn.9 This strong performance can be attributed to several factors, including:
• Positive Ripple News: Ripple's ongoing legal battle with the SEC has been a major catalyst for XRP's price movement. Positive developments in the case, such as favorable court rulings, could significantly boost XRP's price.
• Increased Institutional Interest: Several institutional investors have shown interest in XRP, recognizing its potential as a digital asset with real-world use cases.10 This increased institutional adoption could drive demand for XRP and push its price higher.
• Strong Community Support: XRP has a strong and dedicated community of supporters who actively promote the cryptocurrency and its underlying technology. This community support can help drive adoption and price appreciation.
Potential Challenges and Risks
While the bullish outlook for XRP is promising, it's important to consider potential challenges and risks:
• Regulatory Uncertainty: The ongoing regulatory uncertainty surrounding cryptocurrencies, especially in the United States, could impact XRP's price.11
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur without warning.12
• Technical Analysis Limitations: Technical analysis is not foolproof, and it's essential to consider other factors, such as fundamental analysis and market sentiment, when making investment decisions.
Conclusion
The emergence of a bullish flag pattern on the XRP price chart, coupled with increased activity in the $5 strike call options, suggests that XRP could be poised for a significant price rally. However, it's crucial to approach any investment with caution and conduct thorough research before making any decisions.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial
Goldman Sachs | 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
# Goldman Sachs
- Double Formation
* 012345 | Wave 1&2 | Subdivision 1
* Flag Structure | Uptrend Bias
- Triple Formation
* Top Bottom Structure(Neckline At 573.00 USD) | Subdivision 2
* 345 Template | Trend Developing Entry | Subdivision 3
* Trend, Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Sherwin-Williams | 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
# Sherwin-Williams
- Double Formation
* 270.00 USD | Support Area | Subdivision 1
* Neckline | Uptrend Bias
- Triple Formation
* Flag Structure | Continuation Area Attempt | Subdivision 2
* 400.00 USD Resistance Area
* Triple Bottom | Retracement 50% | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Clorox ( Extended Hours) | 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
# Clorox ( Extended Hours)
- Double Formation
* A+ Set Up | Uptrend Bias | Subdivision 1
* Neckline Range Structure At 135.00 USD
- Triple Formation
* Retracement 1&0 | Uptrend Continuation | Subdivision 2
* Flag Structure | Long Set Up| 185.00 USD
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Beautiful Bullish Flag (M) Eying BreakoutA beautiful bullish flag has formed on the monthly charts, with projections around 56 . However, there is strong resistance around 48 , which could be a good point to offload a small portion and consider rebuying after a pullback or once the resistance is cleared. The exact target of the projections will depend on the value where the breakout occurs, so adjust your strategy accordingly!
Note: Always consider your own research and risk management before making any decisions.
BUXL Offering 35-40% Capital upside from these levelsBUXL if give day's closing above 217 it will be marching towards 306 which is the final projection of the bullish Flag.
However, owing to the current market situation, it will be wise to put your SL in place which is 150.23, Instant Entry can be taken here with first TP at 283 and second TP of 349, however, bear in mind that as per final projections of the Bullish Flag, it will be wise to close your trades @ 300-306 levels
Buying on these levels provide an opportunity for 35-40% capital upside
Santa Claus Rally? Its $ONON #BULLFLAGOn shoes are quickly rising in popularity due to delivering on what consumers need, comfort and in this day and age STABILITY lol. I personally find them stylish and I see a time coming where function > fashion rules... or at least seriously competes...
I LOVE THIS $50 break and think it can run NYSE:ONON till Xmas/New Years ( $60 - $69.420 PT )
- Happy Thanksgiving
Rising wedge/channelThis is starting to look like the 2021 top. We have way over extension and negative confluence on all time frames. And now, this is looking like the last chance for a bounce before utter destruction.
Yikes!
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of .
Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you!
#PTL #GTYR
Full Truck Alliance | 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
# Full Truck Alliance
- Double Formation
* WXY Ranging Template | Subdivision 1
* 10.40 USD | 0)) Retracement Number
- Triple Formation
* Flag Structure | Subdivision 2
* Retracement Number 0.5)) At 11.40 USD
* 345 Template | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
$PEPEUSDT: Flag Pattern Breakout Incoming?BINANCE:PEPEUSDT : Flag Pattern Breakout Incoming? Don’t Miss This Opportunity!
BINANCE:PEPEUSDT has broken out of a major resistance level and completed its retracement. It’s now forming a bullish flag pattern, signaling the potential for a big upward move upon breakout. Flag patterns are often reliable indicators of continuation, offering great opportunities for traders. Always remember to set your stop-loss to manage risk effectively. Watch closely for confirmation of the breakout!”
BINANCE:PEPEUSDT Currently trading at $0.0000194
Buy level: Above $0.0000199
Stop loss: Below $0.0000169
TP1: $0.0000223
TP2: $0.000026
TP3: $0.000035
TP4: $0.00005
Max Leverage 3x
Always keep Stop loss
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silversilver made flag pattern on hourly charts after good consolidation from opening.
Risk:Reward = 1:4
Could b bought above 93365 with mentioned stoploss & target.
BJs Wholesale Club Holdings | 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
# BJs Wholesale Club Holdings
- Double Formation
* 0 & 0.786 | Uptrend Bias
* Pennant Structure | Ranging Area At 75/90 USD | Subdivision 1
- Triple Formation
* Flag Structure | Neckline Continuation At 91.10 | Subdivision 2
* 345 Template Hypothesis | Angle 1 Long Set Up | Subdivision 3
* Daily Time Frame | Trend Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
GOLD SHORT TIME SELL PRESSURE
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data, quotes, charts and buy/sell signals.
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