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Bullish Pennant

YUM Brands Update - Bullish PennantPennant Pattern - Continuation Pattern. The brand owns: KFC, Pizza Hut, Taco Bell, The Habit Burger Grill and Wing Street worldwide. Long Term Analysis (Go long Option 2) - It is a Bullish Market and it was a bullish Market just before the COVID-19. YUM BRANDS adjusted it assets to accommodate the new market requests. Wait the right time to go Long, perhaps once the level 83.50 is achieved, we can think to go long Short Term Investment - Go short (Option 1) up to 83.50
NYSE:YUMShort
by Mauriello
YUM BRANDS (PIZZA HUT, KFC)Yum! Brands The brand owns: KFC, Pizza Hut, Taco Bell, The Habit Burger Grill and Wing Street worldwide. Long term analysis - Market was bullish before the Virus and it changes quickly to accommodate the virus/crisis requests, so it should keep going upward - Bullish long term Short Term I would go Bullish - same direction of the trend, but there is an Option B where the price can jump back to 84.00 Technical Analysis pattern - it seems to be a bullish pennant/flag (rectangular) pattern (more flag less rectangular).
NYSE:YUMLong
by Mauriello
A potential fallingwedge/bullishpennant appearsHave yet to see any legitimate volume surge on the last long red candle we just closed on the 1 day chart which suggests we have not broken out of whatever consolidation pattern we have been in yet...the bounce of the current 1 day candle currently creates the opportunity for this falling wedge shown here in blue...as well as a bullish pennant with the falling wedge as the pennant...the head and shoulder breakdown is still very much a possibility here but with the current 1 day candles bounce off this trendline this falling wedge is now in play as well. So for now I remain neutral until I see a decisive break below this newly formed wedge possibility.
COINBASE:BTCUSD
by DrDovetail
2
BULLS REMAIN IN CONTROL (READ DESCRIPTION)The bears had their time over the last couple days with no significant drop . Gold bounced from some strong support levels, indicating the bulls are still in control. Price is currently in a consolidation zone between 1580-1640 and may stay within this range for some time before a breakout occurs. It will test the 1640 level next and if it breaks past, we could see a run to test 1700 again. Outlined are two bullish pennant patterns. Key support outlined with solid blue lines, key resistance in solid red lines. Overall, looking like the bulls have maintained control, also due to strong underlying fundamentals. What are your thoughts? Make sure to follow for more!
FX:XAUUSDLong
by PerryWave
3
3hr chart symmetrical triangle now the dominant pattern.After some peculiar price action it now seems the most valid timeframe for a symmetrical triangle here is the 3hr chart. It is always a bit of a risk looking for a pattern on a 1hr chart so having to move to the 3hr chart to find a symmetrical triangle that was still looking valid doesn't surprise me.; In general I usually stick to the 1 day and 1 week charts but went with the 1 hr chart this time around because there were so many valid touches from the candlesticks....ultimately even if this 3hr symmetrical triangle starts looking wonky, we we likely maintain the 1 day basic bullflag it isnt until the 1day chart bullflag gets invalidated that we need to worry about bearish confirmation.
COINBASE:BTCUSD
by DrDovetail
potential super long bull pennant on xrpeth?At least on the bittrex exchange we saw a ridiculously long bull wick recently on xrpeth...Afterwards we formed an equilateral triangle and both its bottom and top trendlines were drawn better by wicks than candle bodies...thus meaning we should measure the pole of the symmetrical bull pennant by the wicks as well...If this is indeed the case and we measure the pole by the wick, then that gives this bull pennant some tremendously bullish upside that could easily lead to a sustained golden cross on the xrpeth chart which no doubt if it hit that target would allow xrp to easily reclaim the number 2 spot from ethereum. I assume the wick isnt as big on other exchanges though so if thats the case this may not be a valid emtric to rmeasure the breakout target on but either way looking at the volume that came ion as we broke above the top trendline of the symmetrical triangle..it should be enough of a bullish breakout target to lead us to a potential golden cross even if we cant measure it by the poles massive bullwickm. If the golden cross is sustained I amy have to flip my eth holdings to xrp at least temporarily.
Long
by DrDovetail
ADA breakout rejected (for now) ! ADA breakout has been rejected/postponed (for now). A nice upwards channel formed on 4h . So far movement in the chart has been steady and backed up with good volume. Price got rejected and might have to cool off a little bit or consolidate in the currently forming bull pennant and then attempt to go up again. Even if we visit bottom of the channel the chances for a new breakout attempt in the coming days is big. Supply zone sitting right above 700 Sats (worth to keep in mind as well).
by megaprofits