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Pennant

NIO Inc - ADR (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NIO Inc - ADR (Extended Hours) - Double Formation * 6.05 USD | Resistance Area | Reversed * 3.55 USD | Support Area | A+ Set Up | Subdivision 1 - Triple Formation * Retracement | Full Survey | Short Entry At 7.65 USD | Subdivision 2 * Pennant Structure 1 & 2 | Downtrend Entry Survey * Behavioural Time frame | Daily Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NIOShort
by TradePolitics
Ripple Breakout Bullish Pennant Towards $3XRP has formed a bullish pennant pattern on the H4 timeframe, indicating the potential continuation of the bullish trend. This bullish pennant pattern is not the first occurrence for XRP; in two previous instances, XRP displayed a similar pattern, each followed by an upward breakout. After the breakout, the price experienced a significant rally, establishing the bullish pennant as a consistent technical pattern. This strengthens expectations that XRP may continue its bullish trend if this breakout is confirmed again. The bullish scenario targets the psychological level of $3.00 to $3.50, with a cut-loss strategy recommended if the price re-enters or breaks below the pennant area. Fundamentally, positive sentiment is bolstered by the news that Ripple's stablecoin, RLUSD, has officially received approval from the New York Department of Financial Services (NYDFS). This approval was announced by Ripple CEO Brad Garlinghouse. With a combination of the bullish pennant technical pattern and strong fundamental catalysts, XRP is likely to continue its rally to higher levels in the coming days. However, remain cautious of potential retracements if there are sudden changes in market sentiment or unexpected news developments. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
COINBASE:XRPUSDLong
by DNP-FX
HelenP. I Euro will leave pennant and continue to move upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price declined to the resistance level, which coincided with the resistance zone, and even declined below this level, breaking it. Then, the EUR some time traded below this level and later rose higher, breaking it again and reaching the trend line, after which made a downward impulse and broke the 1.0840 level one more time. As well, the price continued to decline inside the downward pennant, where it some time later fell to the support level, which coincided with the support zone. Later, Ethe UR broke this level and fell to the support line of the pennant and then rebounded up, breaking the 1.0465 level again, making a gap as well. Next, the price made a retest of the support level and then some time trade near this level, after which later rebounded up to the trend line, which is the resistance line of the pennant also. After this movement, it turned around and dropped to the support level. For this case, I expect that EURUSD will reach the trend line and then correct to the support level, after which it start to grow, thereby exiting from the pennant pattern. When the price leaves this pattern it can continue to grow, so, I set my goal at 1.0640 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Ryder System Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Ryder System - Double Formation * WXY Wave Correction | Ranging Entry | Subdivision 1 * 136.00 USD | Support Area - Triple Formation * Retracement | Wave Y = 50% | Subdivision 2 * 176.40 USD | Pennant Structure | Subdivision 3 * Flag Structure | 183.65 USD Continuation Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:RLong
by TradePolitics
Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
Nobody appreciates it !!!As I mentioned in my previous analysis, Bitcoin managed to break through the triangle pattern and experienced significant growth. Now, the price is forming a bullish pennant pattern, which could lead to further growth after the pennant breaks. Previous Analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
BIFO having over 50% gain potentialThe stock can be accumulated at these levels with SL around 120. Its is being retraced and likely to test its Bullish pennant breakout level of 146.08 which will be over 50% retracement against the recent High, if retraced till 62%, the downside could be Rs. 138. So it should be accumulated between these levels. Safe side traders should enter the trade at its previous HH of 195 for the next expected level of 240+ Entry at these level with SL of 120 will make first TP of 200 with RR of 1:1 and for 1:2 TP2 would be around 240
PSX:BIFOLong
by Trader-Roze
New Zealand Dollar / U.S. Dollar | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session New Zealand Dollar / U.S. Dollar - Double Formation * 0.58750 USD | Support Area * 0.62250 USD | Resistance Area - Triple Formation * Angle 1 | A+ Set Up | Subdivision 1 * Neckline | Continuation Set Up | Subdivision 2 * 012345 | Wave 3 Ongoing + Pennant | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Short
by TradePolitics
1
Chainlink / USD | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Chainlink / USD - Double Formation * Neckline Positioned At 12.81000 USD | Subdivision 1 * 012345 | 0&2 Wave Entry At 9.900000 USD - Triple Formation * Pennant Structure Uptrend Bias | Subdivision 2 * Retracement Area | Center Entry At 17.00000 USD | Subdivision 3 * 012345 | Wave 3, 4 & 5 | Target Set Up Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:LINKUSDLong
by TradePolitics
Algorand / USD | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Algorand / USD - Double Formation * 0.1650 USD Support Area | Break Out | Subdivision 1 * 012345 | Wave 3)) Ongoing - Triple Formation * Pennant Structure At 0.3110 USD | Subdivision 2 * Neckline | Bottom Structure At 0.5000 USD | Subdivision 3 * Trend, Behaviour & Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:ALGOUSDLong
by TradePolitics
Humana(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Humana(Extended Hours) - Double Formation * A+ Set Up | Downtrend Area At 410.00 USD * Resistance | Retracement Area | Subdivision 1 - Triple Formation * Pennant Structure | Break Out At 270.00 USD * Neckline | (1) Retracement Area | Subdivision 2 * Trend, Behaviour & Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:HUM
by TradePolitics
SPOT pullback to $408MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price at 4.618 Fibonacci level In at $457.50 Target is $408 or channel bottom No stop loss.
NYSE:SPOTShort
by chancethepug
6
Long $TSLAI am getting 100% of my exposure currently through NASDAQ:TSLL , I am very bullish on this setup for Tesla. Bull catalysts: Trump Victory - if this happens, I assume TSLA will pump just because of their close relationship Federal EV Charging Re-compete - in the vein above, I don't see why Trump wouldn't open the failed federal funds of ~ SEED_TVCODER77_ETHBTCDATA:9B to companies to recompute the contract- obviously Tesla could actually deliver the network of chargers more efficiently than GM et al. QE - I overlaid the FFR on the bottom of this chart, since I think it is valuable information regarding the last time TSLA's face-melting rally began, it coincided with QE beginning. Their humanoid robots also could be something, but I am not as versed with them. Any other catalysts I'm missing?
NASDAQ:TSLALong
by httpz
Euro can rebound up to 1.0700 level, exiting from pennantHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to decline inside the downward pennant, where it at once rebounded from the resistance line and fell to the 1.0700 level, which coincided with the seller zone. Then EUR tried to grow, but failed and in a short time declined below the 1.0700 level, breaking it. Next, the price continued to decline and later almost reached the support level, after which turned around and some time traded a little higher at this level, but didn't fall to it. Later, the rice dropped below the 1.0485 level, which coincided with the buyer zone, breaking it and reaching the support line of the downward pennant, after which started to grow and made a gap. After this movement, the Euro broke the 1.0485 support level one more time and made a retest. Next, it little grew, after which made a correction to the support level and then rose to the resistance line of the pennant. But a not long time ago, the price fell to the support line and now it trying to grow. For this case, I think that the price can correct to the support line and then rebound up to 1.0700 resistance level, thereby exiting from the pennant pattern. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
B&M Europealue Retail | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # B&M Europealue Retail - Double Formation * 6.1500 GBP | A+ Set Up * Neckline | Top / Bottom Structure | Subdivision 1 - Triple Formation * Pennant Structure | Short Continuation | Subdivision 2 * 012345 | Wave 3 Ongoing * Retracement | 50% Valid Area At 3.8155 GBP | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:BMEShort
by TradePolitics
XLM- SECOND TRY- BULLISH PENNANTThe previous trade hit the SL, and since then, we've been waiting for a solid opportunity. This idea seems promising. However, keep the SL tight and aim for the sky with your TP. The probabilities have shifted to 50% bullish and 50% bearish, but remember, we're in a bull market. A bullish pennant is forming, presenting a potential breakout setup. Stay disciplined, control your greed, and may the odds be ever in your favor. Best of luck, God bless all of you traders!
CRYPTO:XLMUSDLong
by Jaytradermb
5
Buzzi Unicem | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Buzzi Unicem - Double Formation * Neckline At 36.50 EUR * Retracement 1, 0.5 & 0 | Resistance Area At 42.25 EUR | Subdivision 1 - Triple Formation * Pennant Structure | Short Continuation 50% Retracement | Subdivision 2 * 012345 | 345 Template Hypothesis * 35.80 & 37.00 Angle 1 | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:BZU
by TradePolitics
Health Care Select Sector | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Health Care Select Sector - Double Formation * Neckline At 148.40 * 136.50 | Ascending Triangle | Triple Bottom | Subdivision 1 - Triple Formation * Retracement (1) | No Trade Area | Subdivision 2 * Pennant Structure | Downtrend Area * 345 Template At 134.00 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:XLVShort
by TradePolitics
BJs Wholesale Club Holdings | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # BJs Wholesale Club Holdings - Double Formation * 0 & 0.786 | Uptrend Bias * Pennant Structure | Ranging Area At 75/90 USD | Subdivision 1 - Triple Formation * Flag Structure | Neckline Continuation At 91.10 | Subdivision 2 * 345 Template Hypothesis | Angle 1 Long Set Up | Subdivision 3 * Daily Time Frame | Trend Behaviour & Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:BJLong
by TradePolitics
WhiteHorse Finance Inc. | Chart & Forecast SummaryWhiteHorse Finance Inc. | Chart & Forecast Summary Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # WhiteHorse Finance Inc. - Double Formation * A+ Set Up | Downtrend Continuation | Subdivision 1 * Retracement | 0, 50 & 1 - Triple Formation * Pennant Structure At 12.40 | Subdivision 2 * 012345 | Wave 3 Ongoing * Top | Bottom Structure | Hypothesis | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:WHFShort
by TradePolitics