Finnair: Pennant pattern on 1h chartFinnair has broken the 4h TL and 1h pennant pattern. For this reason I'm short term bullish. In case we break the most recent support zone, the pennant pattern has failed.
Pennantpattern
What is a Bearish Pennant Patterns?Imagine a rollercoaster: first, a steep drop (downtrend), then a brief pause (consolidation) before another drop.
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This pause creates a symmetrical triangle of highs and lows, indicating market uncertainty. When prices break out below this triangle, it signals a likely continuation of the downtrend.
1️⃣ The Downward Journey:
A clear, steep downtrend sets the stage, indicating prices are likely to fall. Think of it as the initial dive on the rollercoaster.
2️⃣ The Pennant Pause:
Consolidation forms a triangle, showing market indecision. This is akin to the rollercoaster momentarily leveling out before the next plunge.
3️⃣ The Breakout Moment:
A swift breakout below the triangle confirms the downtrend. It's like the rollercoaster taking a sudden, sharp drop.
🚀 How to Ride the Bearish Pennant:
Step 1: Spotting the Pattern
Look for a well-defined downtrend followed by consolidation forming a triangle. The triangle's upper line is resistance; the lower one is support.
Step 2: Timing the Breakout
Be patient; wait for a rapid breakout below the triangle. High trading volume confirms the breakout's strength.
Step 3: Making Your Move
Enter a short position right after the breakout or when the breakout candle closes. This aligns your trade with the downtrend momentum.
Step 4: Planning Your Exit
Set a profit target based on your risk tolerance. Implement a stop loss above the breakout candle's highs to guard against false breakouts.
Pro Tips for Success:
✅ Stay in the Downtrend Lane:
Only trade bearish pennants within a downtrend. Avoid it during uptrends or sideways markets for optimal results.
✅ Don't Jump the Gun:
Wait for the breakout confirmation to avoid falling for false signals. Patience pays off!
✅ Volume: Your Secret Weapon:
Strong breakouts occur with high volume. More participation means stronger market conviction.
✅ Plan Your Exit:
Have a clear exit strategy. Acknowledge that breakouts might fail, and be ready to exit if the trade goes south.
Mastering the bearish pennant pattern requires a blend of technical expertise, patience, and disciplined execution. Think of it as your guide to mastering market dips and making strategic moves.
Happy trading!
EURGBP Pennant Pattern Breakout We expect further upside on this pair, signalled by the breakout of the pennant pattern. We can also see the formation of a new high and a breakout of two key levels which further supports our directional basis.
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits.
Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November.
With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599.
COINBASE:SHIBUSD
GBPNZD - Triangle & Wedge Breakout TradeWe've got a triangle, wedge, pennant pattern forming here on the GBPNZD and in this video i want to show you how I use the anchored volume tool to project the levels that price is likely to go to once we breakout from the pattern.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil
Bullish pennant still in playIf Bitcoin Successfully Breaks out from Pennant, We might see 5-7 % pump over the weekend.
Btc bullBtc forming a pennant pattern which is a bullish pattern. If the pattern breaks upwards then we could see btc to 35,000$+ .
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.DYOR!!!
Sell GBPJPY Bearish PennantSell GBPJPY Bearish Pennant
GBP/JPY - M30 Chart - Price breaks the bearish pennant pattern now,
Its good chance to sell now.
Thank you
Pennant Pattern BreakoutThe stock has made a breakout with volumes of 10x and an increase an RSI from 48 to 57. Buy AB CAPITAL AT 122, TARGET 181
$XLM to 32¢ CRYPTOCAP:XLM Presenting a pretty Stellar Setup
CUP N' HANDLE
FLAG/PENNANT
GODD FIBONACCI CONFLUENCE
Bitcoin in #BullRun Pattern#Bitcoin Weekly Chart Analysis
In Parabolic format, CRYPTOCAP:BTC always moving as per #Bullish Pennant Pattern, it shows here 2017 #BullRun and after that it goes into #BearishZone market in 2018-19, and then #BullRun of 2020-21 and after that again #Bearish cycle starts and still running at present.
After that triangle pattern finish, #BullRun starts and it Continues in 2024-25 approx. $240k-$280k...
#DYOR #NFA #StopLoss #Crypto
BNB next moveBNB making a pennant pattern which is bullish pattern. if the pattern breaks upward direction ,Then we can easily expect BNB to 300$ easily. Let's see what is going to happen. Weather it's breakout or breakdown of pattern occur.
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.DYOR !!!
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
Btc quick update Btc forming a bearish pennant pattern which is already brokedown in 15 min timeframe. For the current market situation please avoid trade.
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Keep eye on UNIUSDTUniusdt taking support on a trendline as you can see on a chart and also forming a pennant pattern let's see which side it will break.
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.DYOR
Solusdt bullish or bearish scenarios Solusdt forming a pennant pattern which is considered as bullish pattern as well as bearish pattern it's depends upon which side the pattern breaks upside or downside. Now we can see sol is sitting at good buying price (trend line support)in short timeframe with proper stoploss. Because there are 30-50% chances of breakdown. (Tight stoploss necessary) .
not a financial advice.
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.DYOR!!!!!
UBER Bullish Pennants for ContinuationUBER on the 15-minute chart this week has printed a small bullish pennant pattern
then continued into another larger print of the same pattern. The Price Volume
Trend Oscillator went red to green as the initiation of this trend over the past
two days. Trading volumes have pushed prices and are in the range of double the
moving average. The zero-lag MACD indicator shows a pattern of bullish
momentum in the mornings followed by fades at lunch and afternoons.
I believe that this 5-6% trend up has another 1-2 days to go before a profit-taking
session to close out the trading week.
🚀EURUSD finally broke the pennant! HUGE BUY OPPORTUNITY📈The bullish setup on EUR/USD is gaining momentum as price consolidates within a massive bullish pennant formation over the past three weeks. With the breakout now confirmed, a strong upward impulse is expected to continue the prevailing trend.
This presents an optimal entry opportunity to go long on the pair. Traders can set their sights on multiple take profit levels based on technical analysis: the first take profit target is set at 1.09750, followed by 1.10600, and the ultimate target is located at 1.11400.
Join the bullish ride and seize the potential for profits in this exciting setup! 🌟💹
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
Kinder Morgan - KMI - Opportunity to enter?• Pennant formation after a nice upward movement
• It looks like the breakout from the formation is near
• The breakout should be supported by high trading volume
• Price target at USD 18.37
• Price target near the gap resistance at USD 18.34/18.52 formed at the end of January and the 76.4% Fibonacci retracement
• Let's see if there will be a breakout in the next few days
• Looks like a good opportunity to enter
Uranium markets tightening up for volatility...URNM looking good.
Alot of tightening for YEARS.
This means volatility is probably on the way.
On top of that it is a relatively untouched narrative with a powerful idea in nuclear energy behind the markets.
Currently at a great position for buys.
$XRP Bullish Pennant Breakout?Ripple CRYPTOCAP:XRP has been in the news again in regards to their ongoing court case with the SEC. Rumors of a positive verdict are circulating, which typically creates bullish sentiment for price action- but Ripple has been in this situation several times over this long litigation. So what does the chart say?
The white trend lines show a pennant formation on the daily time frame that has been in progress for over 2 months. One thing we teach our course takers is to pay attention to is how many attempts were made to break either trend line. With that in mind, the upper trend line has been touched many more times than the lower trend line, which could produce a bullish break out. But what does the TBO show?
The TBO stands for Trending Break-out, and is our favorite indicator for gauging the strength of a trend, as well as identifying when a break-out might happen next.
When we look at the TBO alone, we can clearly see that the trend is bullish since the lowest line, the TBO Slow Line, is angled up and moving up. TBO Resistance (the dotted green lines at the bottom of the chart) has moved up to 0.4157, which confirms that support has been moved higher- a bullish sign.
Things that make us concerned when we look at the TBO are the fact that the price of XRP is inside the TBO Cloud, similar to what the Ichimoku Cloud means in terms of confirming consolidation. While the TBO Fast Line is pink (confirming the previous TBO Open Short symbol on May 8th), which should be a bearish indication for the trend, the fact that XRP is currently above the TBO Fast Line is a good sign of a change from bearish sentiment to bullish sentiment.
The final thing we will leave you with are words of wisdom from long ago:
Buy the rumors and sell the news.
However, a break above this long-term white overhead trend line would be very big for XRP, allowing it to move up to 0.50 or higher very quickly.
June Explosion incomingCan someone tell me what happens the first half of june that would complete this #bullishFallingWedge on #bitcoin MIL:BTC ?? #FED #Unemployment #DebtCeiling
OCEAN BULLISH Pennant with FIB TargetsBINANCE:OCEANUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A Bullish pennant is spotted on the OCEANUSDT chart. The targets or take profit points from this pattern can be determined by using a Fibonacci retracement from the pennant. NOTE that this may take some time to play out; be sure to manage your risk and pre-set those orders !
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