Pennant
Yemi_Fx1 | Short for EURCADThe nature of the market is it's making impulsive, correction structures.
The current phase on 1HTF is a correction phase, under probability I'm expecting price to move out impulsively.
I will be considering a Risk entry type within the pattern at an area of value.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
bro i have found channel breakout on voltas be ready for bullish breakout happen to be ready for comment me stock analysis
Bearish pennant On GoldAs we know gold is changing its trend, i found a perfect entry on gold wait for the perfect entry with proper risk and money management
DPW // pennant formationWhile there is pennant formation on the chart, pay attention to the wedge resistance on the monthly time frame.
BAYN // Pennant formationWhile there is pennant formation on the chart, pay attention to the wedge resistance on the monthly time frame.
TEP // pennant formationAlthough there is a pennant formation on the chart, the targets are determined according to Fibonacci.
FTm bull penn playing outWe are almost to the target but i wanted to point out this textbook breakout and retest of the bull pennant
GOLD LONG! Gold is bullish and price just picked up orders in a critical demand zone.
We also have a break and retest of a bullish pennant on H4 - extra confluence.
If you take the trade practice good risk management.
All the best!
PENNANT BULLISHEURJPY is trading in between 2 converging trend lines forming a Pennant pattern.
The Price is trading below the upper trendline breakout.
Targets:
62%: 143.421
79%: 143.735
Targets2:
127%: 144.626
162%: 145.263
FANTOM BULLFLAG AND BULLISH PENNANT, FANTOM ABOUT TO EXPLODEBroke out of bullflag and retested, formed a bullish pennant .
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )
Technical Bearishness:
1 hr - Bearish Divergence on RSI, MACD, STOCH
200 WMA: 167
currently oversold on BB bands
Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
Gold Outlook - Correction IncomingGiven we are seeing a Bearish Pennant on the breakout of an Ending diagonal I believe we will be seeing some bearish movement towards the1900 area in the near future. OANDA:XAUUSD
FANTOM BULLFLAG AND BULLISH PENNANT, FANTOM ABOUT TO EXPLODEBroke out of bullflag and retested, formed a bullish pennant
FANTOM BULLFLAG AND BULLISH PENNANT, FANTOM ABOUT TO EXPLODE Broke out of bullflag and retested, formed a bullish pennant.
