ONMOBILE: PENNANT FORMATIONNSE:ONMOBILE Is forming Pennant. The trade should be taken only after confirmation of pattern that is after closing of candle above pattern. Target and stoploss for the same are given
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.
Short Hawaiian Holdings - $8 TargetShort 100 NASDAQ:HA shares at $9.62; 10 puts, $10 strike, expiring Jan '24. TA indicates bearish pennants, possible fall to $8 mid-term. Goldman maintains sell, target $8.
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.
AUDCHFAUDCHF on intraday perspective going some bullish outlook.
As the price is in symmetrical triangle and it is printing HHs in triangle.
It is looking like the price is ready to break through triangle.
if breakout happens and to be hold, the optimum target could be 0.5660.
$HE Bearish Pennant w sub 10 targetNovice bulls, with no prior posting history, appear discontent as my puts/shorts are up 200%. Hawaiian Electric's bonds have been junked, and power wasn't cut during fires. Tread carefully in buying this dip.
VBL- PENNANT PATTERNNSE:VBL 868
1.Price movement is moving according to the Ascending Triangle Pattern (TF- 6 Months)
2. Breakout with the Bullish Marubozu candlesticks
3. Strong volume in last two days in row
4. Upcoming levels to watch 925-100 Levels
5. support to watch the 820-800 levels
#TechnicalAnalysiswithMrChartist
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 🚀
Positional Pick. Webelsolar Enery Syst.This chart came to my attention 2 weeks before when it gave a breakout around 97. Since then it is showing very good strength on the charts. I am especially interested in this chart due to the gap up opening. Last 2 weeks the stock is successfully trading above the gap and it has shown no sign to fill up the gap. In my opinion, it is a very good sign and worth of a trade.
CMP - 113.3
T - 133, 163 W
SL - 100 W
Celer Possible Playout Chart this week
The price movement of CELR is predicted to experience sideways movement within the symmetrical triangle channel, with the potential to move in the price range of $0.01402 to $0.01453 for the upcoming week, with a volatility potential of around 4%. At the beginning of the next week, an increase is anticipated towards its resistance line at the price of $0.01453.
WLD big move to come?
By looking at this chart, would we call it a bullish flag?
Breaking-out would trigger a big move. Currently I've not seen a big buying volume yet but it may come with some 'news', anytime. Stoploss is always needed because BTC is not bullish.
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
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Chart of the week. Digvijay CementDigvijay cement has given a pennant breakout. I particularly liked the volume with which it has given the breakout. This stock has consistently outperformed and the strength can be easily seen on the chart. Fundamentally too the stock has a good track record. I feel it's a worth of a trade.
CMP - 91 W (6/8/23)
T - 121, 160 W
SL - 75 W
The Graph /GRT/ moving through boring holidays. 1USDGRT moving through boring holidays.
GRT prepared for bullish movement to 23 cent. If resistance breakout price rise to 1 dollar. Take position after breakout and retest in daily time-frame we are now in resistance area. Bullish divergence pattern Lower low spotted. DYOR
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.
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.
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🌐➕ 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
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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