CAPITALCOM:US100 tapped & held above confluence. US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points: Wed - CB Consumer Confidence Thurs - Final GDP (q/q) | Unemployment Claims Fri - Fed Chair Powell Speech | Core...
I noticed Macys( NYSE:M ) was way oversold and was overdue for a run at least to 12. This is my documentation for charting this play. I purchased Oct 12, 2023 $12 call. Sold for ~25% profit. I should have sold the call on Tuesday or Wednesday cause I hit my 20% profit quickly but I was being greedy. Having faith in conviction is one thing but to be a...
CAPITALCOM:US100 consolidating in a bullish pennant formation. Trend-line + 23.6% Fib confluence support. Jan 2023 parallel channel / lower range secondary support. TBC.
The headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend: I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish. Already played NASDAQ:AMD for +20% today....
Full-time trader. Follow for more free tips & like/ share this idea. Thanks in advance! Bullish flags typically typically show some profit-taking after a strong uptrend without any violent selloffs. The pole needs to have an impulsive and violent move upwards. The breakout from the flag should be followed by a volume spike. This is exactly what we have on the ...
UCO bank has broken out of bullish pennant in Weekly/Daily Timeframe, One may consider to go long with SL at previous swing low, 26 , target 45-50. For a holding period of about 4-8 weeks. Happy Trading, DYOR.
The combination of a bull flag pattern and a morning star candlestick cluster looks quite promising for a long ARBUSDT trade Entry: 0.813$-0.82$ Tp: 10-30% Stoploss: 0.779$
Pennant pattern formation in Maruti Suzuki Ind chart pattern after reaching it 52-week level and it has taken pullbacks now the market is about to break the high level. Go long if trend line breaks, first target can be 52-week level high ~10580.00 level Happy Trading. Cheers:)
Price 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...
Looks like there's potential for KAS to form an ascending triangle here. Could fill out the entire shape shown in this chart, or break out sooner than later. My bias is that it doesn't get filled out completely, but we'll see...
Hi 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...
Hello 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,...
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...
bullish pennant pattern formed in 15 min timeframe in SUNPHARMA Go long once 1153.60 level breaks which appears to be a good resistance level. SL should be at ~1149.50 level Your first target could be 1169.70 level (52-week high level) Happy Trading :)
AMD going to be explosive here if it bounces & confirms the flag. Watch it close. Always plan for dips, never add full position. NFA. Follow for more insights. I called it out to drop from top of TL @ 108. See what happened.
Bullish penant pattern seems to be formed in IGL price and price is near the trend line Go long if the it breaks ou the upper channel of the pennant First target - 487.10 Second target - 498.40 Happy Trading :)
Daily 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...
Forming A Bull Pennant, can consider buying if breaks out, forming new highs