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FLAG

$HOOD Fibonacci, Bull Flag, Trend line Retouch, now we go up?This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a fibonacci pattern, & is due to move upward. Unless, of course, there's a whole lot more sideways action.. As we see with WISH. *Not trading advice.
NASDAQ:HOODLong
by UnknownUnicorn1935796
Did it Fail?Hello everyone, Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it. The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below. However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in. Please comment if you have any questions.
by yassin_khanji
We just started the Crypto Season.🎊Hi Traders, After that crypto experienced the best days after "Crypto Winter", July is beginning the season with some bullish moves. However, at this moment we are having some red days one after another. As we can see in this H4 chart, BINANCE:DOTUSDT is consolidating in a small range at the moment. The pattern we are seeing is either a Bullish Flag or a Descending Triangle, as it is also testing the support that it created after forming an Inverting Head and Shoulder on the Highly timeframe. It looks like it is breaking to the downside, which is normal since there is some Liquidity residing below that retail Support. As well as it is Pull backing to the 0.5 Fibonacci level after the move.
Long
by yassin_khanji
Bear Flag on BTC DailyA lot of people have jumped into long positions, thinking the bottom is in on BTC. I believe there is a clear bear flag developed on BTC and this recent positive price action in BTC did not violate the flag. Volume tends to be pretty flat in bear flags as well and we haven't seen a huge volume days since the flag began to form. I think there's better than a coin flip's chance that we are going to break below the previous cycle's all time high and make new lows for this cycle.
BITSTAMP:BTCUSD
by wuliwong
1
Close to use Darvas's boxes trategyTechnically: H4 big desc. candle, closed below the support line. No correction above 5% H1 shows us accumulation in a narrow range Bearish pattern There are empty zone below. Green dash line is an next support. Nicholas Darvas wrote his book after he understood that when the price follows the trend there should be possibillities to increae your position at local stops. It like a train, going fwd, and at the stations you can join the trip. Next station we expect at the 838 (supp.from the Hune 15, confirmed Jun, 30) We have to be very careful about increasing our sells and should see the confirmations from the chart. like low corrections, small bars approaching the level, close retests of the level. In this case it will be allowed to double your position with correction of SL.
Short
by rakhascapital
1