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Pennant

USDCAD (1M) Bullish Pennant Structure and H ProjectionUSDCAD (1M) — Technical and Fundamental Analysis: Bullish Pennant Structure and H Projection On the monthly chart of USDCAD, a bullish pennant structure has been formed and confirmed with a breakout followed by a clean retest of the upper boundary. The price broke out of the consolidation zone with momentum and is currently holding above the key support at 1.3802. The structure remains active: the first target based on the projected move is 1.4905. If the impulse continues and the market structure remains intact, extended targets lie at 1.5690 (1.272), 1.6100 (1.414), and 1.6689 (1.618) Fibonacci expansions. Technically, the 1.3802 level (0.618 retracement) is the critical support. If this zone holds, the bullish scenario remains valid. The nearest resistance is 1.4287 (0.786), and a confirmed break above this level would likely trigger the next phase toward 1.49. Volume increased during the breakout, confirming strong buyer interest. Fundamentally, the setup is supported by diverging monetary policies: the Bank of Canada has signaled a more dovish stance due to slowing inflation and economic softness, while the Federal Reserve remains more neutral and cautious about rate cuts. In addition, oil prices — a key factor for the Canadian dollar — are under pressure, weakening the CAD further. Broader macro uncertainty and the global demand for USD as a reserve and safe-haven asset continue to support the dollar, strengthening the USDCAD pair. Conclusion: As long as the price holds above the 1.38 zone and confirms above 1.4287, the bullish structure remains in play with a target of 1.4905 and potential extensions to 1.5690–1.6100.
Long
by TotoshkaTrades
HBAR Falling Wedge / Bull Pennant + RSI breakout (1D)BINANCE:HBARUSDT has spent months correcting after a strong rally and is now compressing within a falling wedge — which could also be interpreted as a bull pennant. Two Potential Scenarios • Falling Wedge – A classic reversal setup with bullish RSI divergence and declining volume. Measured target: ~$0.335.* • Bull Pennant – A continuation pattern formed after the late-2024 impulse. Measured target: ~$0.525.* Early Bullish Signs • Declining volume as the pattern developed could signal waning seller strength. • RSI breaking out of a multi-month downtrend, and retesting the resistance as support, can be a leading signal of a subsequent price breakout. Key Levels • $0.050 – Multi-year demand zone. • $0.120 – Current support + HVN* + previous S/R + 0.786 Fib. • $0.180 – Resistance + HVN + previous S/R + 0.618 Fib. • $0.280 – HVN + prior swing high + likely resistance. • $0.320–$0.460 – Monthly supply zone (in place since March 2021). • $0.335 – Falling wedge measured target (depending on breakout timing)**. • $0.360–$0.400 – Daily sell-side order block, expect resistance. • $0.525 – Bull pennant target (depending on breakout timing)**. * Wedge and pennant targets are measured from the breakout point, so the actual target will vary the longer we spend within the pattern. ** HVN: High Volume Node — zones of concentrated past trading activity, reinforcing S/R relevance. ⚠️ Until a clean breakout occurs, CRYPTOCAP:HBAR remains in a compression phase and a No-Trade Zone.
Long
by AliferCrypto
DXY Bearish Pennant Breakdown | More Downside Ahead?The U.S. Dollar Index (DXY) has broken down from a well-defined bearish pennant pattern on the 4H chart, signaling continuation of the prevailing downtrend. 🔹 Technical Setup: Pattern: Bearish Pennant Breakdown Level: Below 99.00 Target: ~94.50 based on pennant pole projection Confirmation: Clear follow-through after breakdown, low volume consolidation 🔹 Fundamentals: Weak U.S. economic data and dovish Fed expectations continue to weigh on the dollar. Rising gold and commodity prices further support DXY downside. 📌 Outlook: As long as DXY trades below 99.00 resistance, bearish momentum is likely to extend toward the 94.50 target zone. NOTE: This is not financial advice. Trade at your own risk. Always do your own research.
TVC:DXYShort
by Gold_Traders_Team
Gold (XAU/USD) Bullish Breakout from Pennant PatternGold has broken out of a well-formed Bullish Pennant on the 2-hour chart, supported by strong momentum and a bullish Ichimoku cloud structure. The continuation pattern confirmed the trend following a steep bullish move, and price has now reached the projected target around $3,480. Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact. Bias: Bullish Pattern: Bullish Pennant Target: $3,480 Support: $3,400 / $3,300 Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research. If you found this analysis helpful, please support with a like and follow for more trading ideas and updates. Your support is greatly appreciated!
TVC:GOLDLong
by Gold_Traders_Team
Bullish Pennant Confirms Breakout: Momentum Builds Toward 1.19The pair has formed a textbook bullish pennant on the 4-hour timeframe following a sharp impulsive move upward. Price action consolidated within a narrowing triangle, signaling accumulation before the next leg higher. The breakout above the pennant’s resistance suggests continuation of the uptrend, with projected Fibonacci targets at: 1.1781 (1.272 extension) 1.1940 (1.414 extension) Volume behavior confirms the pattern: declining during the consolidation phase and increasing at the breakout, supporting a strong bullish bias. Fundamental backdrop: -The US Dollar faces pressure as markets increasingly price in a potential Fed rate cut in the second half of 2025. -The ECB maintains a more hawkish stance, reinforcing euro strength relative to USD. -Eurozone economic data shows signs of inflation stabilization, while US CPI readings remain mixed. -Capital rotation favors major currencies with resilient monetary policies and macroeconomic stability. As long as EUR/USD holds above 1.1476, the bullish scenario remains intact. A move toward 1.1781 and 1.1940 appears likely. A breakdown below 1.1237 would invalidate the pennant and shift momentum toward support retests.
Long
by TotoshkaTrades
Bitcoin may exit from pennant and fall to support levelHello traders, I want share with you my opinion about Bitcoin. Over the past weeks, the price traded inside a broad horizontal range, repeatedly testing the boundaries of the seller zone and the buyer zone. After several failed breakouts, the price sharply dropped from the upper range and entered a phase of lower highs, forming a downward pennant structure. Inside this pennant, the market continued consolidating under pressure from the resistance area. Each attempt to break above the resistance line was met with rejection, confirming strong selling interest near the current resistance level at 88500. At the moment, BTC is testing the upper boundary of the pennant again. This area aligns closely with the resistance level and the long-term descending trendline. Given this confluence and historical rejection zones, I expect BTC to face resistance and reverse, initiating a decline back toward the 79000 support level, thereby exiting from the pennant, which is my current TP1. The compressed price structure, repeated rejections, and clean pattern formation support this bearish outlook in the short term. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Bullish Pennant on EUR/USD @ D1A bullish pennant has formed on the daily chart of EUR/USD. It can be used for an upside breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.12662), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.17921), it is placed at the pole's length above the stop-loss. I will wait for a significant close above the pennant's border to consider trading this breakout.
Long
by AndriyMoraru
EURO - Price can drop to $1.1200 points, exiting from pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside a flat structure with weak movement and low volatility in a tight range. Then the Euro made a breakout and formed a strong impulse, reaching resistance and creating a new local high. After that, price entered a pennant and made a short correction, but then continued rising with momentum. Later, it touched resistance again and started forming a triangle pattern with a tightening structure. Now price is near the upper boundary of the triangle and trades above $1.1135 support without a clear breakout. In my opinion, Euro can reverse from resistance and decline to $1.1200 in the next move, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
Bitcoin Bull Pennant / Falling Wedge BreakoutBINANCE:BTCUSDT recently broke out of a Bull Pennant / Falling Wedge, and seems to be retesting the resistance as support. This follows two leading RSI signals: • RSI downtrend breakout • RSI bull divergence Breakout Targets • $115K — Falling Wedge measured move • $130K — Pennant projection Key Levels to Watch • $72K — Main support + invalidation (former resistance + 0.618 Fib from 49K–109K) • $91.5K — Prior support, now a key resistance to reclaim • $109.5K — All-Time High
Long
by AliferCrypto
Is it finally time for a rally?Looking at NVIDIA (NVDA) on the weekly chart over the past two years, a significant gap up becomes apparent around April, which persisted for much of the year. Considering the recent news and the stock's pullbacks lately, this may be the moment for NVDA to resume its upward grind. The coming weeks will reveal its direction. Additionally, it's worth noting the formation of a massive bull pennant on the weekly chart. If history repeats itself and this pattern holds, the next 2 to 6 weeks could prove to be a thrilling period for NVDA.
NASDAQ:NVDALong
by impossiblebull
GOLD ( XAU/USD) likely to move up from here Take this with a grain of salt. I am no expert, and this is not financial advice. Technical Analysis (TA): As we look at the hourly (1hr) timeframe, we can see a strong upward movement followed by a temporary consolidation creating a bullish pennant pattern suggesting a trend continuation. A conservative target puts us at around $3,350 per troy ounce of gold, but we could go as high as $3,494.63 to be exact. Fundamentals Analysis (FA): Macroeconomic Uncertainty: I can go into great detail about what is happening, but I would be writing an essay the size of 10 pages, and I don't want to do that now, so here is a quick and simple overview: Tarrif War between the United States of America and China (as well as other countries) could lead to economic slow downs as well as poor revenue's for companies. Start-ups are dead. As of today, there has been an alarming rate of start-ups which has been failing and unable to secure funding, and yes I am aware start ups fail all the time and funding dries up, just at the current rate it is scary how many are actively failing where a year back they were alive and well with bright futures and investment potential, investors are running to safe havens such as GOLD to keep their funds safe. Central banks are expected to pause or even cut rates, which is typically bullish for gold, as lower rates reduce the opportunity cost of holding non-yielding assets. Geopolitical Tensions: War War War :(
TVC:GOLDLong
by ghostysellsdonkeys
3
Total 3, do flags point to the target area?Welcome back dearest reader, Today i have a very interesting analysis for you, quite some valuable time was put into this. What i've noticed is the following: -From april 2021 untill july 2021 total 3 has been trading in a bullish wedge flag, when we continue the lines on the full candle bodies the apex pointed to the top of that flag durationwise -August 2022 till october 2023, extend the trendlines, apex march 2024, look up. Oh. -March 2024, october 2024 --> apex december 2024, look up. Oh. Now: -January 2025, april/may 2025, apex june 2025, look up. Oh. -I used the fractal from july 2021 as i think we're in this period -Upward sloping channel from october 2022 untill now could provide insights as to what the target price might be, HH and HL Target: 1.5T Also check out my BTC.D idea, these would coincide perfectly ~Rustle Is it certain this will happen? No-one has a glass ball, all we have are patterns based on past performance, this is no guarantee. But it does look good.
CRYPTOCAP:TOTAL3Long
by Rustlingjimmies
3
BITCOIN - Price can correct and then bounce up from pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price moved inside a rising channel, holding a bullish structure and making higher local lows. Then, BTC exited from the channel and dropped to the $76600 support area, forming a new local bottom range. After this, the price bounced strongly and started to form a pennant pattern with gradual pressure to the top. Recently, it reached the resistance level at $82200 and tested the $83100 zone, but it has not made a breakout yet. Now, BTC trades inside a pennant pattern and holds close to upper resistance without losing upward momentum. In my mind, Bitcoin can break the resistance and reach the $86700 target as the next leg in its bullish direction. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
15
XAUUSD Alert: Critical Zones in Play — Trade Smart, Trade Safe!📊 XAUUSD Market Insight 🌍 Gold is heating up once again, currently testing a tight range between 3160 and 3174. A breakout in either direction could set the tone for the next big move. 🔻 If price breaks below, we may see a slide toward 3150 and 3130—potential areas to watch for bearish momentum. 🔺 However, a strong push above 3174 could spark bullish energy, aiming for short-term targets at 3200 and 3227. 💡 Trade Smart The market is full of opportunity, but don’t forget: risk management is key. Use proper position sizing, set clear stop-losses, and never overexpose your capital. Stay sharp, trade safe, and let the market come to you. 🧠💼
OANDA:XAUUSD
by ANNA_EXPERT
Euro will break current support level and drop to 1.0735 levelHello traders, I want share with you my opinion about Euro. Recently, the price completed a pennant pattern, which resulted in a breakout to the upside. This breakout, however, didn’t gain much ground - the movement quickly lost momentum inside the resistance area between 1.0955 - 1.0985 points, where Euro sharply turned around. The reversal from this zone wasn’t unexpected, considering this level had already acted as resistance earlier. What followed was a clean break below the current support level at 1.0955 points, which shifted the market structure back to bearish. Now the price is trading lower, and the bearish impulse looks set to continue. My expectation is a further decline toward the support level at 1.0735, which also aligns with the buyer zone between 1.0695 - 1.0735 points. This level may act as the next potential area of interest where buyers could attempt a defence. The invalidation of local support, weakness after the breakout, and strong supply reaction from resistance all point to a high probability of continuation down toward TP 1 - 1.0735 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
16
1day chart fallingwedge/bullish pennant on bitcoinI just posted a weekly version of this same pennant in the previous idea which I will link below, i wanted to also post the version of it on the 1day timeframe as well because the top trendline of the wedge on the 1day time frame has a different trajectory which lengthens the wedge considerably. With this longer wedge we can see that if it is the more valid for the 2 versions, that we probably wouldn’t be expecting a breakout until June at the earliest. Not quite sure yet which version of this wedge is ore valid so I’m posting both versions for now to keep and eye on them. For the weekly charts pattern to be the more valid of the 2, we will likely need to see the weekly 50ma continue to maintain support. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
BTCUSD. Weekly bull pennantThe daily failing wedge’s top trendline is not as sharp of a trajectory as the the weekly timeframe’s and due to this, the daily time frames wege is noticeably longer, so I thinkI am going to post a follow p idea to this one that shows the longer version of the wedge, not sure which one is more valid yet at this current time. If the weekly 50ma(in orange) can hold support then we should break up from this wedge right around where I have placed the dotted measured move lne, in which case the breakout target would be around 133k, if the longer version of the wedge on the daily time frame is the more valid of the two then we will likely have to correct longer before we see a breakout. Will post the longer version n the very next idea post. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
EURO - Price can bounce from resistance area to $1.0850 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price moved inside a falling channel and showed weak activity with limited growth attempts. Later Euro made a breakout, exited the channel, and started to form a new bullish structure near resistance. After that, price made a sharp upward impulse, touching $1.1010 resistance and forming a pennant pattern. Recently, it broke the lower border of pennant and tested $1.0990 level from below, then bounced down. Now price trades under local resistance area and holds below broken trendline with weak upward attempts. In my opinion, Euro can continue to decline and reach $1.0850 support level in the upcoming sessions. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14