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FLAG

Tesla Bull Flag TestTesla has been on a healthy run for the last few days. It bounced off the 100 day EMA, and subsequently pushed up through the 50 day and the 20 day EMAs respectively. It's facing resistance at $1070, but if it's able to break through early next week, we will be looking at a nice crispy bull flag setup. A breakout from the flag would occur around the $1100 psychological level, which could bring additional interest from buyers. The measured move in this scenario is significant if not ridiculous, but watch for heavy resistance around $1170 and $1243.49 (ATH). Happy trading and have a safe holiday weekend!!
NASDAQ:TSLALong
by getatBuster
2
Shiba inu Correction modeAs you can see, after a sharp rally Shiba had experienced, it started its correction phase and created a bull flag ( bearish channel ). Shiba has 3 supported zone, one of them has been broken and the second one has been touched and supported the price. Since then, the price has stocked around the first broken supported. In the lower timeframe, you can see the price has created a trading range which the powers of both sides are equal. It has to gain power to break the bearish channel and end the correction phase and start a new impulse phase. Before that, the market is neutral. I expect the price to remain in this trading range for at least 01/05/22 and anything bullish will occur after that. beside, 3rd support touch is low probable but it depends on the total crypto market. After the break out of the bearish channel ( bull flag ) the first target is the previous top and the second one is 0.00017 zone.
by shahriarknd
This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
Flagging on the Daily- BullishNKE looking interesting here sitting right on its 20-day EMA, falling wedge on the 4-hour and hourly timeframes along with what appears to be a big ascending triangle forming. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Certainly a longer-term play, however, bullish and looking for a breakout from this flag - Flagging on the Daily & 4-Hour Timeframes - Sitting on its 20-day EMA - Seemingly Going to Reclaim the 20-Day SMA (Not Pictured) - Ascending Triangle Forming (Not Pictured) - Falling Wedge on the Hourly Timeframe (See Attached Chart Below) - Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below) PT1- $169.91 PT2- $170.98 PT3- $172.39 PT4- $173.18 + -Hourly Timeframe-
NYSE:NKELong
by jacobosiason7
3
TSLA - Another Pattern is formingI can say now, the pennant pattern is invalid, because it broke the violet line that would have served as support for the pattern. But, now it is forming a new bullish pattern. The Bull Flag Pattern, bullish flag is also an extension/continuation of the existing trend. Even though flags suggest a continuation of the current trend, it is prudent to wait for the initial breakout to avoid a false signal. "TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
NASDAQ:TSLA
by Damako
BSVUSDT is the best choice to open a position todaymost of the tokens are going somehow exactly as bitcoin is going, so I analyse BTCUSDT chart first then I choose the token with more movement (based on the percent it has gone up or down) so today BSV is the best choice for higher gains everything is on the chart, if the price comes below 146 I will open a short position after a pullback and if the price goes above 155 I will open a long position after a pullback. My Bet is On the Downward movement based on my analyses.
by Belachi
🔥 SHIBA Bear Flag: Volatility ExpectedSince yesterday's massive sell-off, SHIBA has been following a clear triangular pattern, also known as a flag. Since the pattern appears during a bearish trend, it's a bear flag. Consolidation patterns, like this flag pattern, often result in a volatile move once the pattern is complete. Since this is a bearish continuation pattern, statistically a bearish break out would be more likely. However, the current dip is being bought up very quickly, so I wouldn't be surprised if SHIBA made a bullish move withing the next couple of hours. In case of a bullish break out, wait for the price to close above the yellow dotted line before entering. Same goes for bearish, but on the other side of the pattern. Targets placed at recent local tops and bottoms. Happy trading!
by FieryTrading
20
NIFTY - FLAG in making, Wait and Watch is better for nowTRY TO SEE MEDIUM TERM TREND, SUCCESSFUL CLOSING ABOVE 15100 (W), WILL CONTINUE THE BULL RUN FOR MINIMUM 3-9 MONTHS... NIFTY HAS VERY HUGE TARGETS MAY BE 18K ON CARDS Take this opportunity to start adding quality shares in every dip/correction DON'T PANIC, IF YOU ARE AFRAID OF CORRECTION - SWITCH OFF TV ... LOOK FOR OTHER THINGS, DON'T LOOK AT MARKET FOR A MONTH 1 DAY COVID STORY HAS TO GO AWAY... HAVE PATIENCE...
NSE:NIFTYLong
by ShareTrading_
#SQ Bull Flag SetupSquare has been hit really hard lately but the good thing is the chart has painted for us a really nice Bullish Flag setup to add to our watchlists for a reversal or a breakout to jump in with shares or for my option traders like myself a good call setup, i'm looking at the FLOW on Unusual Whales closely to see when to jump in exactly Especially now that Jack Dorsey has stated this will be his main focus moving forward it paints good picture for the outlook of SQ.
NYSE:SQLong
by Stock_Hustle21