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Pennantbreakout

USD/CHF - Clear Correction & Impulse Move Incoming! I've pinpointed where in the past price has respected this pennant chart pattern, indicating the breakout is indeed validated DXY Dollar index is continuing to show bearish sentiment after reaching 100.0 level, indicating a further drop off Previous demand zone has broken, confirming further bearish bias, although pullback may occur before an impulse is created Let's wait for clear retest of broken demand and see how price action reacts! :)
Short
by forexwithfred
2
KTOV announcement soon???Kitov Pharma plans to launch sales of Consensi in the US in May 2020, according to a March press release. "Company’s marketing partners in the U.S. plan to commence selling Consensi in May 2020. Kitov expects to receive between $28 million and $36 million in milestone and royalty revenues from 2020 through 2022." It is easy to see that the past two months of uptrend are because of the anticipation of this launch. AH/PM we have seen an 8% price increase which is always a good sign for a continued bullish trend. A textbook bull pennant is forming on the hourly chart. This has already broken out of the pennant in PM to the 0.236 Fib. I will be looking for entry after the break of the .50 resistance. Expect heavy resistance at .55. Looking for PT1@.65c PT2@.75c.
KLong
by Crispier-Bacon
How to Trade Bull & Bear Pennant Pattern | Pennant Tutorial !Pennant Chart Patterns Tutorial ! Pennant Pattern : Pennant Patterns are continuation chart pattern, forms when price of a security or asset makes strong upward or downward movemnt followed by a consolidation period with converging trendlines which forms a pennant before continuing to move in the same direction. Bullish pennant forms in a bullish trend market and Bearish pennant forms in a bearish trend market. Bullish Pennant : Bullish Pennants are bullish continuation pattern that occurs in strong uptrends and it forms after a sharp climb in price then a consolidation period with converging trendlines. After formation of the pennant, price breaks above the upper trendline of the pennant and continues the bullish trend. Bearish Pennant : Bearish Pennant is the opposite of a bullsish pennant. Bearish pennant forms after a sharp drop in price then a consolidation period with converging trendlines after that price makes a brekout below the lower trendline of the pennant and continues the bearish trend. (* Key things to know : In a pennant pattern the period of consolidation should have low volume and the breakout should occur on higher volume like most pattern. Above average volume confirms the breakout. You can also use other indicators like MACD or RSI to know the strength of the breakout. Look at below detailed examples - ) Please Like & Comment and Stay Tuned ! 👍 Thank You-
BITSTAMP:BTCUSDEducation
by tapasdhanadana
5
EURNZD Bullish Pennant Bullish Pennant created in EURNZD. HH and HL shows a quick uptrend before pattern start being made. Four touches between TL, so pattern is valid. Less than 21 days also. We look for a bullish breakout, as pattern is bullish and daily trend also. After the breakout, we see a re-test and entered position in the next candle (moment I saw the breakout). Its a bearish candle, but polarity has been made with the re-test so we open the trade anyway. Measure the previous uptrend and use same amount for TP2. TP1 is 50% movement of TP2. SL below Pennant minimum point.
Long
by UnknownUnicorn6280354