Beautiful PenantBeautiful pennant trying to be broken to get some profits I love it :D
This is not a financial advise. My opinion only.
Pennantpattern
TSLA to 2000 then ~2200Tesla is once again in a giant bull pen that could carry it to 2000 and beyond. if this pennant fails, we could be retesting the lower FIB level around 1780
BTCUSDT is creating a nice pennant 🦐BTCUSDT is creating a nice pennant on weekly resistance
The price could have a retracement before weekly breakout, BUT if the price lose the triangle, could see a deeply retracement.
In my opinion the best choice is to wait.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
BCH LONG 8H TF Pennant Formation Hello Viewers.
The market has tested a short due to US binance exchange conditions. Fewer coins of Group like LINK adn VET have shown a great bull market scenario. Due to which the scenario for majors like ETH BCH LTC XMR are likely to be seen in the coming bull market phase.
One such indication for Bitcoin Cash can be noted as formation of possibly both pennant and Ascending triangle symbolizing as bullish market is ahead for majors.
Entry is only upon Confirmation of the Breakout to be seen and if it stays above 50 RSi, previously it has been supported by a dynamic resistance of MA200 on 8H chart.
Potential targets are $355 and $377 for acquiring profits for early stages, best sell falls around $390 in which we can see some consolidation.
Stop Loss is just at the lower ray of pennant which is a safe side.
Keep in touch.
Enjoy!
Can NIO un-tether itself from Tesla?NIO has been seen by critics and investors alike as a knock-off of Tesla. It's a Chinese company with access to huge market, and a lot of Chinese dollars have been betting on the success of this fundamentally flawed company. I love the bullish pennant forming on the daily/weekly charts. There's a few big red flags that scream market manipulation (check out the weekly candle for Jul 13 relative to volume). Price support is somewhere around $5-6, which means that if she breaks out below the pennant, it's going to be a very quick ride down. The longer this stock consolidates at these higher prices, the more bullish I get. That said, one really bad news cycle is all it will take to give us another Jul 13 weekly. Given its close correlation with Tesla, I'm more inclined to trade TSLA, given the inherent problems with buying Chinese stocks at the moment. As much as I question the financial reporting of Tesla, I'm beyond concerned when it comes to this particular company.
#DIS -1D - 19.07.2020#DIS, another mayor US company on its way to recover the field lost on COVID19 crisis.
What it is amazing about this chart, is that it is creating a perfect theoretical bearish pennant. On the other side, PE ratio is indicating 40.30. #DISNEY is fundamentally overprice and validates a possible break down of the tendency.
MACD and RSI without a clear direction. Behavior and volume near first and second resistance will be crucial to confirm or invalidate this bearish pennant.
www.dailyfx.com
USDCAD 1.35776 +0.03 % * TREND-CONTI PATTENS Good Day Everyone
A look at the USDCAD pair currently ranging in a pennant formation at 50% Fibonacci level confirming a LH on the pair now will be expecting continuation to the downside on the pair as we just confirmed a downtrend within the descending channel structure targeting resistance level 1.34424 on a swing trade....
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
NZDJPY - Pennant SetupThis is pretty much the torture that traders feel when they are in the trade, I am of not spared by that emotion too.
This is when your trading rules became important. A break and close below the pennant allow me to lock in some profits from my bearish butterfly pattern setup(check the link at the bottom).
If the market break and close above the pennant, depends on how the candle close, I may exit the trade in advance.
How do you deal with this situation?
Comment down below.
audnzdaudnzd is in bullish pennant pattern, the price is about to break the s/r level, wait for breakout.
Auropharma From 5 July 2020Stock has been going up month by month approaching very strong monthly resistance zone
monthly uptrend max change possible 25% === > july opening 771 --- > 771 * 1.25 = 963 ( above monthly resistance ) not possible
support area --- 665 --> 752
resistance area -- 830 --> 890
chart pattern decreasing pennant type pattern forming ( higher lows and lower high forming in 15 min time frame )
Possibilities -->
1. breakdown towards downward --- > then support area becomes active
2. breakout towards upwards --> then resistance area becomes active .
currently no strategy can be formed
MFI also showing exhaustion of long investor
TATA MOTORS | Bull pennant formingHey guys, it's been a while since i posted. I have been working on a project lately and thus have been occupied. Will try to post regularly from now on.
There seems to be a bullish pennant forming on the chart.
Buy here for a good RR ratio.
Price most likely won't drop below the trend line as its been maintaining above it for a very long time now, indicating it as a strong support.
Target is 117. (17%)
Thank you!
APT WatchAlpha Pro Tech (APT) has seen some good price action the past couple of weeks despite the overall market being flat and down. APT broke out of a descending triangle pattern and continued on strong volume before a selloff. However, a strong day today has kept the price in consolidation, forming a pennant pattern on the daily chart. If strong volume continues we can see a push to previously tested highs around 21, and potentially further.
HDFC LIFE INSURANCE LONG POSITIONFOR ANALYSIS, PLEASE READ COMMENT IN CHART.
TARGET 630
STOPLOSS 510
India Cements - Pennant PatternNSE:INDIACEM is currently forming Pennant Pattern.
The stock is in uptrend. In case of breakdown, that can be used to buy the dip.
USD/CHF Price Action Pattern OPPORTUNITY!!Hello Everyone,
Here we have very well pennant pattern sample on #USDCHF. If price breaks to the upside of pattern, we can look forward for long position, If breaks reversely then short position is also possible with nice rewards.
On Daily Chart , trend is up, so mostly we will see the pennant broken out through upside, according to the normal behavior.
After breaking of the pennant, please look at for more verification and after taking profit-1, it is strongly supposed to bring your stop loss to the break even point.
Please note that the ideas are not a recommendation for trading
!Good Luck!
THETA Crypto Bullish Triangle / Pennant PatternTriangle / Pennant Pattern on crypto Theta. Has a recent history of breaking out to the upside, volatility on williams vix fix declining so my guess is breakout to the upside.
Previous divergence of vix lead to breakout to the upside not long ago. Current Vix Reading not quite diverging from price but nonetheless it is declining with the pattern forming.
Gold Bullish PennantGold(GC1!) closed at $1,713.3 today for a $12.4(+0.73%) gain. Price has formed a pennant formation which given the fact that it has formed after a move to the upside makes it a bullish price formation. The expected move here is a push above the upper line of the pennant and re-test of the $1,800 level. A move below the lower line of the pennant would indicate a failed bullish pennant, with the current stop-loss for long trades resting just below there near $1,660 shown in blue.
The Relative Strength Index(RSI) shows the green RSI line trading just above the 50 level and indicates bullish short-term momentum behind price. An RSI reading above 50 indicates bullish short-term momentum while a reading below 50 indicates bearish short-term momentum. The purple RSI signal line is also above the 50 level which indicates bullish intermediate-term momentum behind price. Right now the green RSI line and purple signal line are overlapping with the green RSI line looking like it wants to push back above the purple signal line. The green RSI line rising and trending above the purple signal line would indicate healthy bullish momentum.
The Price Percent Oscillator(PPO) shows both the green PPO line and purple signal line above the 0 level which indicates intermediate-term bullish momentum behind price. A reading above 0 indicates bullish momentum while a reading below 0 indicates bearish momentum. While both lines are above the 0 level, they are declining with the green PPO line below the purple signal line and indicates a loss of upward momentum in the short-term.
The Average Directional Index(ADX) show the green trend line above the purple trendline which indicates that the short-term trend direction is bullish. The histogram behind the green and purple directional lines is declining though which indicates that the upward trend direction has lost strength. In general during an uptrend, you want to see the green line rising above the purple line with a rising histogram.
Volume has been low since late March, should price break out to a new local high above the pennant pattern we would want to see volume increase in order to sustain a move higher.
The overall view on gold remains bullish this year with the expectation that gold will test and make a new all-time high above $1,923 which was set in September 2011. In the short-term we want to see price hold above the stop-loss level in order to maintain bullish bias, as well as continue to trade above the short-term stop-loss level.
