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Pennantbreakout

🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week. Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀 WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule. Where do you think they are taking their profits to? 🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
NYSE:PLTRLong
by ChigzTrades
PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;) Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61). Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀 Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
NYSE:PLTRLong
by ChigzTrades
2
YFIBTC is inside a bullish pennant 🦐$YFI.X is testing the daily resistance. IF the price will have a breakout and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
IRRA ROAD MAPPOSSIBLE PATTERN : - BULLISH PENNANT -------------------------------- ※ DON'T FORGET TO USE TRAILING STOP 5% ※ ENTRY BUY: - BUY ON BREAK OUT: 1645 - ENTRY BUY AT RANGE PRICE OF 1615 - 1665 (OPTIONAL) (CLOSEST RESISTANCE TO BE BREAK IS AT 1685) --------------------------------------------------------------------------- ※ TARGET PROFIT 1: 1875 (FIBONACCI EXTERNAL RETRACEMENT 1 - 1.618) ※ TARGET PROFIT 2: 2100 (FIBONACCI EXTERNAL RETRACEMENT 1.618) ※ STOP LOSS: 1460 ------ DISCLAIMER ON ------
IDX:IRRA
by lalala_landzz
EURGBP - What Is a Pennant?What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation. Understanding Pennants Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout. Here's an example of what a pennant looks like:
Education
by Yuriy_Bishko
5
NEA - Bullish Pennant in Formation I believe that there is a great buying opportunity in NEA, as it has been forming a clear Bullish Pennant since the end of August. It is clearly a continuation pattern and has been consolidating within this pennant. If Price Breaks this pennant with High Volume, this may be a sign that Price may continue pumping up with force and reach the (Resistance 2 - Zone) nearly $3.10 with a potential gain of nearly 32%. Price may even hit the Strong Resistance Zone of nearly $3.90, which may provide a gain of 62%. I believe this is a great medium term buying buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NLong
by AsimMirzaTrader
2