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Pennant

Hawaiian Electric ShortI doubled down on my short position on Hawaiian Electric ( NYSE:HE ), increasing it from 100 shares to 200, while also acquiring 9 puts with a strike price of $22.5 expiring in September. Additionally, I purchased 5 puts at a strike price of $12.5 expiring in December. The market rebound on Friday appeared to be a mere dead cat bounce, as indicated by technical analysis revealing the presence of bearish pennants. Consequently, my target price remains resolute at $6 per share.
NYSE:HEShort
by AllHart
1
XRP + XLM Local trend. Wedge + triangle (pennants).Logarithm. Time frame 1 day. Local trend. Two cryptocurrencies are shown at the same time, as it should be understood that it is one and the same. Pumps (exit from accumulation) similarly began almost simultaneously July 13 on day 273 (code). XRP a little earlier by a few hours. I think it will be something similar this time. Pullbacks after pumping up about +100% on both assets (exiting the long term accumulation zone). The reversal zones as well as the percentages to local significant resistance levels in case of breakout are shown on the chart. This is how it looks on the linear without squeezes (market noise), although it is not necessary for local work. The ideas of secondary trends (accumulation) to understand this local zone attached to this idea.
COINBASE:XLMUSDLong
by SpartaBTC
28
Ripple can bounce down from buyer zone to 0.6000Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a few moments ago bounced down from the support line of the downward channel and fell firstly to the 0.6850 resistance level, which coincides with the seller zone. Then price continue to decline, broke this level, and made a strong impulse down to 0.6285 current resistance level, thereby exiting from the downward channel. After this Ripple declined below the 0.6285 level to the buyer zone, and at once it tried to rise, but failed and declined to support line of pennant. Then the price rebounded and rose to the resistance level, but a not long time ago Ripple declined to the current resistance level and some time traded near this level. Also recently, the price exited from pennant and now it trades in the buyer zone near the 0.6285 resistance level. Probably Ripple can decline lower buyer zone, therefore I set up my target at the 0.6000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
EURO - Price can bounce up from support line to $1.1070Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few time ago price bounced from support area, which coincide with $1.0850 support level, and rose to resistance line. After this movement, Euro started to fall near this line and declined to $1.0850 level. Then price made strong upward impulse to resistance line of pennant, thereby breaking $1.1120 resistance level. Later price started to decline to $1.1120 level, which is located inside resistance zone, and then continue to fall to support line. Also then Euro reached support line a few time ago rose resistance line, but at once fell back and now trades near support line. Possibly Euro can rise to resistance line again, break it, exiting from pennant, and continue to rise to $1.1070 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
16
Trade Execution Setup Aug 4I have possibly captured all inputs for the trades taken. Please feel free to comment for any clarifications/suggestions. 1 & 2 in chart indicates 2 trading opportunities with their analysis. Trade Opportunity 1 - The market gap-up happened. so as per the trade plan, I was looking to short at the marked levels in the Trade Plan, but as there was no entry signal as per my trade setup, I ignored, and waited. Observed a beautiful price compression breakout. Entered an ATM strike price at the compression breakout, but small SL was taken as the price did not move as expected. Waited for the next trade opportunity. Trade Opportunity 2 - The market showed continuous signs of fatigue which were evident through the price action in 15 min,5 min, and 75 min. 1)15 min Candles were all Hammers, Shooting stars for about 1H+. 2)75 min showed rejection at 50% Fib level of Previous swing high. 5 min TF 3) 5 min showed a triple top sort of formation. Hence eyed a PE ATM strike and entered a quick scalp based on 1 min Price compression/Triangle pattern breakout, 1:1.5 RR. So was able to end the day at 5% ROI.
NSE:NIFTY
by Rugminik
Bitcoin will go UP(Short term)🚀After news of a stock sale by MicroStrategy to buy more Bitcoin, we saw a 🐻Bear Trap🐻 on the Bitcoin chart. But Bitcoin started to fall again from the 🔴 resistance zone($29,850-$29,480) 🔴. 💡If we look carefully at the Bitcoin chart, we will notice the Symmetrical Triangle Pattern . 💡Also, we can see Regular Divergence(RD+) between two consecutive valleys. 🔔I expect Bitcoin will go up at least to 🎯 target 🎯 that I specified in my chart. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: MicroStrategy's Saylor Wants to Buy as Much Bitcoin as Possible.(Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin). Economist Alex Krüger Says He’s ‘Betting On Up’ When It Comes to Bitcoin As Under-the-Radar Indicator Flashes. India makes suggestions for G20 crypto roadmap. Dubai expands crypto licenses, granting approval to Nomura. 🌐➖ Negative News ➖🌐: Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run. Binance Suffers $870B Trade Volume Drop in 2023. Pressure on Cryptocurrency Exchanges from Ukraine! 48% Of All Bitcoin Lightning Network Nodes Run On Amazon And Google Cloud -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
55
GOLD - Price can bounce of support line and started to riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced up from $1945 level and rose to $1970 point, but at once started to decline. Price fell below $1945 level, and then bounced up again, and started to decline inside falling channel. In channel, Gold broke two levels and when price declined below $1915 level, it bounced up and exited from channel. Next, price fell to support line and made upward impulse higher of $1975 resistance level, but soon fell to $1945 support level. Also, Gold formed pennant pattern, in which continues to trade to this day and I think that price can fall to support line. Then price can bounce up to $1975 resistance level, exiting from penant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
24
Bullish Continuation Pattern on EURUSD - Potential Long TradeIntroduction: EURUSD is showing signs of a bullish continuation pattern on the H1 chart. A sharp move down was followed by a pullback, breaking above the latest fractal bar down. The subsequent price action formed a flag pole and a pennant, indicating a potential bullish breakout. This analysis outlines the setup, entry, exit strategy, and target for this trade. Entry and Target: We plan to enter a long trade after a confirmed breakout above the pennant's upper trendline. Our target is set at 0.1140, based on the height of the preceding flag pole projected upward from the breakout point. Stop Loss: For risk management, we will set the stop loss at 0.9870, just below the recent low of the pennant. Note: This analysis is for informational purposes only and not financial advice. Remember to conduct your own analysis and risk assessment before making any trading decisions.
Long
by getmohsin.py
2
Bitcoin can rise to resistance level and try to break itHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that price a few time ago broke the 31000 resistance level and fell to the 29700 current resistance level. next, BTC bounced up to the resistance line, thereby breaking the 31000 resistance level again and even the seller zone. But soon it started to decline near the resistance line and in a short time, the price firstly fell to the 29700 resistance level, and later fell lower ot the support line, breaking this level too and forming a downward pennant pattern. Then the price tried to rise, but after it reached the resistance area, it fell back to the support line. But a few time ago, BTC rebounded up and break the resistance line, thereby exiting from the pennant and even recently made a retest of this line. At the moment I think that Bitcoin can fall to the support line again and then bounce up to the 29700 resistance level, which coincides with the resistance area. Next, the price can make a small movement down and continue to rise, thereby breaking the resistance level. For this reason, I set up two targets, the first target at the 29700 resistance level and the second - at the 30100 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
BITCOIN - Price can rise to resistance line and try to break itHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced from $31100 level, which coincide with resistance area, and fell to next $29900 level. Later price bounced from this level to resistance line, thereby breaking $31100 After price reached resistance line, it started to fal land in a short time BTC declined lower $29900 level to support line, making pennant pattern. Also recently, price bounced from support line and started to rise, and at the moment Bitcoin trades near support line. In my mind, Bitcoin can bounce to resistance line and try to break this line and if price breaks resistance line it can make retest. As well, price can exit from pennant and then continuing to move up to $29900 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
Bitcoin can break resistance line and bounce up to 30350Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some time ago fell to the support line, which coincided with the 29500 support level, and soon the price bounced up to the 31200 resistance level, thereby breaking the current resistance level. But in a short time BTC started to decline and a few time later it fell back to the support line. Next, the price rose firstly to the resistance area and then made impulse up to the seller zone and even grew higher of it. But soon it rolled down to the 29500 support level, breaking two resistance levels and the support line. After this movement, BTC rose to 30350 current resistance level, which coincide with the resistance line, and then made a downward impulse below the support level to support the line of the pennant. And recently Bitcoin grew back and now trades very close resistance line and support level. Possibly price can break the resistance line, thereby exiting from the pennant and then continuing to move up to the resistance level. For this case, I set up two targets, the first target at the 29900 and the second - at the 30350. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
18