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Bullflags

Doge Pay Day Possible Flag Forming on 15m towards top trendlineThe Flag is kind of sloppy but it can be blamed on BTC and market movements just an idea here because if you measure how much the flag gives you it brings us exactly to the upper trendline for another possible 3rd touch and possible breakout again or of course rejection You can see my other Doge Chart below where I called the breakout perfectly reaching 100% of the target originating from invesrse H&S I do stress caution and to take profits along the way as doge has been swinging around on dips from bitcoin
Long
by dogdaddevan
ADA PREPING FOR A 6% MOVE UP!ADA has had a slow move up and is now rangebound in a beautiful bull-flag pattern. When looking at the bull-flag, we can see that the price seems to want to move higher. If in fact it does begin to move higher and breakout, the next major resistance would be the range highs around 41 cents. Lets stay patient and see if we will get a breakout which would mean an opportunity to long! i]Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
BTC "Long Term Bull Flag?"To begin, sorry I am a very novice trader and analyst. This is my first ever share Looking at the 2019 wave up I am seeing a Bull Flag, typically only short term formations are classified as such, else it's a Descending Channel. I think this may have some merit on a zoomed out look. If the having does indeed affect prices we could see this occur around or shortly after. Thoughts? or Reasons that this could in no way be classified as a bull flag? *Still Learning*
BITSTAMP:BTCUSDLong
by CrypticRaptor
Bullish Flag Pattern Confirmed for BTC with $39k Target Bitcoin (BTC) has just achieved a bullish flag pattern, setting the stage for a potentially explosive price surge! 🚀 For those of you who are not familiar with this pattern, let me break it down for you. A bullish flag occurs when an asset experiences a strong upward move, followed by a brief period of consolidation in the form of a flag shape. This consolidation phase is often seen as a bullish continuation pattern, indicating that the previous uptrend is likely to resume with even more vigor. Now, why is this so significant for BTC? Well, this bullish flag formation suggests that Bitcoin's recent uptrend is intact and poised for a powerful rally. It's like a coiled spring, ready to unleash its potential. This could be a game-changer for all of us! So, what's the next step? It's time to take action and capitalize on this golden opportunity. I encourage you to consider going long on BTC, as the bullish flag pattern indicates a potential surge in price. This could be the perfect moment to ride the wave and potentially reap substantial profits. Here's a quick call-to-action for you: 1. Conduct thorough research: Dive deep into the market analysis, keeping a close eye on BTC's recent performance, key support and resistance levels, and any relevant news or events that could impact its price. 2. Set up a solid trading plan: Define your entry and exit points, determine your risk tolerance, and establish a clear strategy to maximize your gains while minimizing potential losses. 3. Utilize advanced trading tools: Leverage the power of sophisticated trading platforms and indicators to identify favorable entry points, manage your positions effectively, and stay ahead of the game. 4. Stay updated: Continuously monitor BTC's price action and market sentiment to adapt your strategy accordingly. Remember, flexibility is key in the ever-changing world of trading. 5. Take calculated risks: While the bullish flag pattern is exciting, it's important to remember that trading involves risk. Make informed decisions and never invest more than you can afford to lose. Remember, this is not financial advice, but rather an exciting opportunity that has presented itself. It's up to you to seize the moment and make the most of it! So, what are you waiting for? Get ready to catch the BTC bull by its horns and embark on an exhilarating trading journey. Let's ride this wave together and make the most of this potential rally!
BITSTAMP:BTCUSDLong
by bryandowningqln
3
Bull Flag - EGHere I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH. Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index. BUT, EUR will be taking the cake for the rest of the week for news with: German Business Climate & President Lagarde Speaking - Wednesday & Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!! -OR- Could make this Set-up impossible to find a legitimate entry.. KEEP A WATCHFUL EYE!!!
Long
by Novi_Fibonacci
1
Advanced Bull Flag ConceptsHave you ever wondered why price action sometimes forms a bull flag pattern? Have you ever wondered if there is a way to predict whether a bull flag will break out before it actually does so? In this post, I will try to address these questions by presenting a couple of theories about the nature of bull flags. Bull Flag Theories (1) The flag structure of a bull flag tends to form along Fibonacci levels, with the ideal flag proportion being an approximated golden ratio to the flagpole; and (2) Fibonacci and regression analyses can provide useful insight into whether price will successfully break out of its bull flag pattern, sometimes long before price even attempts to do so. I will try my best to clearly explain both theories in detail below. Note: Although this analysis is also generally true for bull pennants, bear flags, and bear pennants, to keep things simple I will focus solely on bull flags. Additionally, this analysis is generally true across timeframes. Part I - The Basics of a Bull Flag First, let's begin with the basics. As shown in the image below, bull flags form when an asset is in a strong uptrend. The uptrend forms the flagpole of the bull flag structure. The flag structure forms when price consolidates, usually in a falling trend. This consolidation phase is often characterized by price oscillators rotating back down while the price retraces only a small part of its prior upward move. From a market psychology perspective, bull flags often form when most market participants who bought the asset continue to hold it expecting the uptrend to resume, while only a minority of market participants sell (or short the asset) as its price corrects downward. The bull flag pattern is a continuation pattern because it reflects the market's general expectation that price will eventually resume its upward move. Once the price definitively breaks above the upper channel of the flag (often with strong momentum and high volume), the bull flag pattern is validated. Upon breakout, the expected move up is equal to the vertical height of the flagpole. Part II - The flag structure of a bull flag tends to form along Fibonacci levels, with the ideal flag proportion being an approximated golden ratio to the flagpole Here's where things begin to get interesting. Below is the golden ratio. Two quantities, a and b (where a > b ), form the golden ratio if their ratio is the same as the ratio of their sum to the larger of the two quantities. (See the equation below) The equation above shows the Greek letter phi which denotes the golden ratio. Phi is equivalent to a/b when such ratio is also equivalent to (a + b)/a. Although bull flags can take various forms, it is my hypothesis, based on chart analysis and research, that the most perfectly structured bull flags (ones that also have the highest probability of successful breakouts) occur when the flag forms a golden ratio to the flagpole. Mathematically, this means that the vertical height of the flagpole is equivalent to (a + b) and the vertical height (i.e. the width) of the flag is equivalent to b. This is also to say that price retraces down to the 0.382 Fibonacci level as measured by applying Fibonacci retracement levels along the flagpole (or to the 0.618 point on the vertical height of the flagpole if one measures from the bottom to top). I realize that this can be quite confusing, so let’s walk through some visualizations. Let's first visualize this hypothesis using the golden rectangle. Below is an image of the golden rectangle. A golden rectangle is composed of a square (with sides equal to a) and a smaller golden rectangle (with width equal to b and length equal to a). Now let's rotate the golden rectangle to better visualize the hypothesized flag pattern. The bull flag is hypothetically an approximation of the golden rectangle, whereby the width of the flag is in a golden ratio approximation to the length of the flagpole. In the illustration below, there are multiple bull flags contained within a Fibonacci spiral. The spiral is made up of golden rectangles, with each larger golden rectangle containing a smaller golden rectangle inside it. The smaller golden rectangle is the flag structure, and the length of the larger golden rectangle is the flagpole. One can think of the Fibonacci spiral and the golden rectangles as a series of bull flags that build on top of each other in a repeating pattern. In this diagram, price is represented by the increasing length of the sides of each golden rectangle. In other words, the price on a chart can be seen as spiraling higher after each bull flag breakout. Of course, not all bull flags form a structure that approximates the golden ratio, but it is my belief that in forming a bull flag, price action is aspiring to achieve as close of a golden ratio approximation as it can. I believe that the bull flags that best approximate the golden ratio structure also present the highest probability for a successful break out. To learn more about Fibonacci spirals, including the golden spiral that Fibonacci spirals approximate, you can check out this Wikipedia article: en.wikipedia.org Part III - Fibonacci and regression analyses can provide useful insight into whether price will successfully break out of its bull flag pattern, sometimes long before price even attempts to do so. To see how Fibonacci levels and regression analysis can give insight into whether a bull flag will break out or break down before it does so, let's consider an example. Let’s consider the massive bull flag that the iShares Russell 2000 ETF (IWM) formed in 2021. In 2021, the monthly chart of IWM formed what appeared to be a bull flag, as shown below. Now let's see why Fibonacci analysis and regression analysis were warning that this bull flag was not likely to break out successfully. First, IWM's price did not retrace to a Fibonacci level before attempting a breakout (when using the pole as the Fibonacci retracement reference point). In the chart below, we see that price tried to break out, without even so much as retracing down to the highest Fibonacci retracement level: $196.71. By not undergoing Fibonacci retracement, price did not give its oscillators the opportunity to rotate back down fully. Instead, price remained overextended at the time it attempted to break out. Now let's look at regression analysis. Below is a log-linear regression channel that contains IWM's entire price history. As noted in my prior posts, a regression channel simply indicates how far above or below the mean (or average) price an asset's current price is trading. In the regression channel above, the red line is the mean price, the upper channel line is 2 standard deviations above the mean, and the lower channel line is 2 standard deviations below the mean. A successful breakout of the bull flag would have taken IWM's price way above its regression channel, to a level that is too many standard deviations above its mean price for us not to question the probability of the breakout’s success. Achieving the full measured move up would have been extremely unlikely, assuming that the regression channel is valid and that price tends to revert back to its mean over time. What was more likely than a breakout was a breakdown, and a reversion back to the mean, which is what ended up happening with IWM. Another interesting note about IWM’s bull flag is that it presented a false breakout in November 2021. This false breakout was presenting multiple warnings signs including being a UTAD test of a Wyckoff Distribution. As shown below, however, another important clue that the November 2021 breakout would likely fail was that the breakout was not confirmed when comparing IWM to the money supply (M2SL). See the chart below. One can interpret this chart to mean that in late 2021, IWM’s price was rising because the central bank was increasing the money supply, but not due to improving strength of the underlying companies that comprise the ETF. Using the money supply as a ratio to an asset elucidates the true inherent strength of the asset's value. To understand more about why the money supply can be used in this manner, you can check out my post below. Part IV - Additional Comments I have a few additional comments. I usually use Fibonacci levels on a log-scale chart to identify Fibonacci spirals because Fibonacci spirals are logarithmic spirals. However, when using Fibonacci levels based on log scale, the ratios, percentages and numbers, can seem quite confusing because they are logarithmically adjusted. If you choose to replicate my process, please be mindful of this. While using log-scale charts is critical for higher timeframes (e.g. the monthly chart or higher), I have not identified much benefit to using it on shorter timeframes. In a prior post, I noted that Plug Power (PLUG) is currently forming one of the best-looking log-scale, golden ratio bull flags I have ever seen. If my above hypotheses are true, I would expect to see PLUG move dramatically higher in the years to come. For more information about PLUG, you can read my post linked below. (This is not a solicitation to buy PLUG. Please do your own research and carefully consider all risks.) At the risk of making this post too long and too dense, I just want to briefly note that it is also my hypothesis, based on observation and research, that the golden ratio is where many S-curve dilemmas are solved. If you don't know what an S-curve dilemma is and you'd like to read about this you can see my post below about Jumping S-Curves . In short, an S-curve dilemma is another way of conceptualizing the question of whether a bull flag will break out or break down. I hope that someone finds value in this post. I spent a lot of time studying, researching, analyzing, and cogitating the mathematical nature of price action to reach many of the conclusions here. Thank you for your valuable time in reading my post.
AMEX:IWMEducation
by SpyMasterTrades
51
📈 AUDJPY: Watch This Textbook Bullish Flag Breakout!Full-time trader. Follow for more free tips & like/ share this idea. Thanks in advance! Bullish flags typically typically show some profit-taking after a strong uptrend without any violent selloffs. The pole needs to have an impulsive and violent move upwards. The breakout from the flag should be followed by a volume spike. This is exactly what we have on the FX:AUDJPY Watch how this plays out in the next few weeks. Learn from it, then do it again on another pair. Possible max target at 101. Of course, like with any currency or stock, expect bumps and dips along the way. Look for higher lows which would void the bullish flag. First resistance break (see chart) should cause an impulsive move upwards, as many traders will spot the pattern and FOMO into it. The lower timeframe shows a nice trend forming. This strong trend can help break resistance faster than expected: If you don't have experience trading this pattern, it's better to sit this one out and watch it unfold and take notes. If you trade stocks, you'll love our community. Link below!
Long
by kingdips
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices. Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside. With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AMDLong
by basictradingtv
40
BCH/USDT Technical Analysis - Potential Breakout Ahead BCH/USDT Technical Analysis - Potential Breakout Ahead Hey Crypto Enthusiasts! Let's dive into an insightful technical analysis of the BCH/USDT trading pair, exploring recent trends and potential future moves for Bitcoin Cash (BCH) in the crypto market. June's Phenomenal Surge June was nothing short of thrilling for BCH holders, witnessing an incredible 260% surge in the BCH/USDT pair. This exhilarating jump has captured the attention of traders and investors, sparking curiosity about the path BCH might take next. Spotting Bullish Signals The current scenario hints at the formation of a bullish flag pattern in higher time frames. This pattern often acts as a signal for a continuation of the previous uptrend, suggesting the potential for more upward movement. However, remember that retracements are an integral part of the market cycle and should be anticipated. Resistance and Support Levels Right now, BCH/USDT is trading within the resistance range of $240 to $250. This zone is pivotal as it represents a battleground between buyers and sellers. Should the price breach the $250 mark, BCH could eye levels such as $300, $400, and even $500. On the flip side, if the $250 resistance holds, we might see a retracement. In this scenario, the support level to watch is at $186. A dip to this level could provide a healthy correction and set the stage for the next bullish leg. Breakout and Targets The make-or-break point for BCH/USDT is at $250. A clean breakthrough here could unleash BCH's potential to explore $300, $400, and $500. Keep a close watch on this level, as sustained movement beyond it might herald a new bullish phase. Key Levels Recap Support: $186 Resistance: $250, $309, $400, $500 Remember: Cryptocurrency markets are known for their volatility. This analysis is purely informative and not financial advice. Always conduct thorough research or consult a financial advisor before making investment decisions. Stay tuned for more updates!
Long
by CryptoPatel
Gold -> Wait For This Daily Setup!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simply monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside. With the recent break and retest of a major previous weekly structure zone, in confluence with bullish moving averages, I simply do expect more growth on Gold over the next couple of weeks. My last analysis on Gold - linked below - perfectly played out once again and I am now just waiting for a clear breakout of the bullflag and a break above resistance and then also the path on the daily timeframe is clear fore more upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
50
DE could breakout only if....?NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418. Bullish Case - There is little to argue in favor of a bear case for this ticker today. With the bull flag at the brink of a breakout, if not already breaking out, this could be a 425 ticker in a short amount of time. I would like to see the price above 408.39 to take a safe entry to the upside and consider profits at 418. Bearish Case - The sell-off at the end of the day could signal that the market is exhausted when it comes to DE. If it breaks the level of 397.06, we could see an attempt to fill the imbalance below to 400 or as low as 390. Right now, this looks like a failure swing for the upside when it pushed back down below the bull flag breakout. Conclusion - DE is in a bit of a no man's land. When it pulled back, it formed what could be the beginnings of a harami candle pattern. Though you could argue this could be a breakout retest, it's too close for comfort, making the bear case seem more relevant. It's safer to take the trade above 408.39 than to be too presumptuous. We have to see where it goes from here. Bullish above - 408.39 Bearish below - 397.06
NYSE:DE
by JDTheGreat