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Pennant

Watching AMZN break of 139.64 for continuationThe headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend: I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish. Already played NASDAQ:AMD for +20% today. Continued to +50% on strength. Welcome to follow for more insights. Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
NASDAQ:AMZN
by kingdips
2
📈 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
Pennant - DXYPrice for USD is forming what looks to be a Pennant Chart Pattern! Pennants are known to be Continuation patterns where price typically will break out the direction it was heading prior to entering the pattern! BUT everyone knows MARKETS CAN DO WHATEVER, WHENEVER! DXY has been stretching up since July 14th! Lets see if the BULLS have what it takes to push further up out of this pattern OR if the BEARS are ready for the downslide! *BE AWARE: Fundamentally USD has Building Permits (19th), FOMC (20th), Unemployment (21st) and PMI (22nd)
TVC:DXY
by Novi_Fibonacci
GOLD - Price can make little movement up and then fall to $1905Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price bounced from $1905 support level and made strong upward impulse to $1985 points, it broke $1950 level. Then price entered to falling channel, where it declined below $1950 resistance level, which coincided with resistance area. Also Gold declined to support line of pennant, breaking $1905 level, but at once bounced and started to rise. Price reached resistance line of pennant, and at once bounced down to support level, exiting from pennant. But a not long time ago price bounced from this level and then started to rise. I think that Gold can rise a little more and then it starts to fall to $1905 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
19
Bitcoin can start decline to support level and try to break itHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell firstly to the 25700 support level, which coincides with the buyer zone, at once bounced up, and some time traded nearly there. Also soon, the price declined to the buyer zone, and then it rebounded and made impulse up to the current resistance level, but soon rebounded down and in a short time declined back to the buyer zone. Later, BTC broke the 25700 support level and declined to the support line of the pennant, where it at once bounced and made a strong upward impulse higher than 25700 26450 levels, to the resistance line, but when it reached this line, Bitcoin rolled down below. After this, the price continued to rise and soon reached the 26450 level again, which coincided with the support area and even later broke it. As well, the price reached the resistance line again, but at once rebounded and made corrections to the support line, and then continued to move up. But a not long time ago, Bitcoin exited from the pennant, and at the moment it trades very close to the support area. In my mind, the price can start to decline to the support level and try to break it. After the breakout, the price can make a retest and then continue to fall, therefore I set up my target at the 26000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
13
TESLA next bull run analysis you have to see.Telsa after long bearish trend pushing prices with higher high and higher low patterns indicating a near bull run scenario to be take place. the convergence from point 2 to point 5 can act as bullish reversal and can push price to 1k USD or even more upside probably making tesla a multi bagger stock. As fundamentals are strong and TA giving green signal you can invest in a SIP manner or one can start invest for long term once the raising wedge correction is finished . best price for entries are from 200 ranges. Thank you.
NASDAQ:TSLALong
by Zakir-Ahmed
1
UK100 Bullish SeptemberDaily chart of UK100 is expected to Break up weekly resistance and trendline to follow a Bullish September Seasonal behaviour. Take Long positions after retest and new orderblock formation Dow theory HHs HLs: Bullish Candlestick Pattern : Bullish forming three soldiers Support &Resistance: Orange line formed on Weekly chark Trendline: Resistance approaching expected to breakup Fibonacci: Bullish Touched 50% on daily Seasonals: Bullish Divergence: Bullish on 4hr Pattern: Bullish Penant on Daily
CAPITALCOM:UK100Long
by maberl
1
GOLD - Price can bounce down to $1890, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced up from $1955 resistance level, which coincided with resistance area and entered to falling channel. In channel, price declined lower two levels to support line of pennant, breaking them. After this, price started to move up and in a short time rose to resistance line of pennant, exiting from falling channel. Also, Gold broke $1915 level and recently it bounced of resistance line and fell to support line of pennant, where continues to trades now. I think Gold can break support line, thereby exiting from pennant and trying to break support level. When price breaks support level, it can make retest and continue to fall to $1890 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
17
BITCOIN - Price can bounce up of support level and leave pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price traded inside from flat, where it some time declined to $28700 resistance level, which coincides with resistance area. But later BTC broke this level, exited from flat, and made a strong downward impulse below $25700 support level. As well price entered to pennant, which Bitcoin bounced from support line and rose to resistance line, breaking $25700 level again. And not long time ago price declined from resistance line to this level, which coincided with support area, and now trades close. In my mind, Bitcoin can bounce from support level and start to rise to $27500 level, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
16
BNBUSDT - Price can break resistance level and then make retestHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades inside rising channel, where it fell to $215 level and then continued to rise. Later price made strong upward impulse to resistance line of pennant, thereby exiting from channel and breaking resistance $225 level. But then BNB bounced down and declined below this level and some time later declined to support line, breaking $215 level too. Also recently, price bounced up and tried to rise back, but failed and now trades in support area near resistance line of pennant. Possibly, Binance Coin can exit of pennant, break resistance level, and make retest, after which it starts to rise to $222 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
COP - excellent breakoutFollowing a five-month decline from its all-time high in November 2022, ConocoPhillips ( NYSE:COP ) has spent the subsequent five months consolidating within an area of value in its long-term upward channel, establishing strong volume support. Historically, we've observed COP forming triangles and making measured movements on breakouts within this channel. If the breakout we're witnessing this week aligns with past price action, we could anticipate a new range extending as high as $124. It's worth noting that the analyst consensus 12-month price target stands at $130. In a previous post, I mentioned that the gold/oil ratio relative to energy was signaling a bottom, which further confirms this opportunity with COP. I'm already long on COP. My strategy involves additional accumulation between $108-110, profit-taking between $123-125, and setting a stop loss between $97-98. As always, it's crucial to monitor market trends and adjust strategies accordingly.
NYSE:COPLong
by Ben_1148x2
Bitcoin can rebound up, thereby breaking resistance levelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few days ago prices bounced up from the 25800 resistance level and started to trade inside the range. After the price reached the top part of the range, it started to decline and fell back to the 25800 level, where it some time traded near and then made a strong upward impulse to the resistance line of the pennant. Also, the price exited from the range, and then BTC rebounded from the resistance line and later made a downward impulse below the 25800 resistance level, which coincided with the buyer zone, thereby breaking it. Next, the price bounced from this line and rose higher than the resistance level, but recently it backed up below and now continues to trade very close to this level inside the buyer zone. In my mind, Bitcoin can exit from the pennant, break the resistance level, and make a retest. After retesting, the price can continue to rise. For this reason, I set up my target at the 26500 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15