Bullish pennant flag pattern building here. - Recent strong bullish movements - Indicators showing signs of further bullish movement - In line with the overall trend - Looking for a break of the resistance level around 109.30
Long Setup Entry Current Price StopLoss 108.585 Target 110.204
Short Setup: Stop loss: 1.32893 Entry Price: 1.32429 Target 1: 1.31800 Will be trailing Stop loss on new Higher Lows ( Dow Theory ) Reasoning: Breakout of Pennant in 4hrs plenty of Pips tp fall down
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see that price a few time ago declined below the resistance area, which coincide with the resistance level, but soon backed up and even rose higher them. Next, the price repeated this movement and then made a correction to the seller zone, which coincides with the current...
Bullish pennant for PSTG on the Weekly chart. Not confirmed. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 but barely 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in Marth 2021 8- Post formed with volume 9- Descending volume during pennant forming Cons: 1- Figure is not...
This is one of my favorite simply because of its fundamentals. Larson and Tourbro is not a new name in NSE. L&T is a market leader in construction and defense. This week it has given a Fibonacci breakout. As one can see from the chart, I have recommended this share since May 21, when it was trading around 1450. This is the stock an Investor should buy and forget....
* 4H Triangular convergence upward breakthrough came out, and it looks like a bull pennant pattern. Buckle up !
Hello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price bounced from the buyer zone and made impulse up to the resistance level, which is located inside the seller zone. But soon price bounce down and made correction below the support level with the buyer zone to support line. After these movements,...
Lets see. first time, again. dont have hopes too high for this one.
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price bounced up below support level, which coincide with support area, it rose to $28450 point and started to decline. Also, BTC entered to falling channel, in which price broke $27000 level and fell below to support line. But soon price bounced up and...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see that a few days ago price bounced up from buyer zone and rose to resistance line. After this movement, Euro made correction to support line, which coincide with past support level. Then price bounced up and started to rise between resistance line and support line and a few...
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price bounced up from support area and rose to resistance level, which coincided with resistance area. After this, price bounced back and even declined lower of support level with support area. Next, Binance Coin started to grow near support line...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from 1985 level and made upward impulse to 2060 point, but at once started to decline. Later price entered to falling channel too, in which Gold broke support level and fell to next level, which coincide with support area. After...
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price bounced up from support line and start to move up. When price rising to the seller zone, it broke two levels - 0.8900 and 0.9000, but after the Swiss Franc reached seller zone, it bounced down and started to decline. Also later price broke support line...
🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 🌟 Bullish signals are: - Bullish Cup & Handle - Bullish Pennant - Dynamic Support zone - Pivot R1 monthly - Ascending Triangle - moving EMA 20 50 ✅TARGETS: 142,148 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous...
AUDUSD is currently on wave E of sub-wave 4,a bearish movement is expected as sub-wave5 of wave C this upcoming week from one of the blue lines completing Sub-wave C on wave B
A bearish pennant starts with a noticeable downtrend in the price of an asset, like ADA. After the initial decline, the price enters a consolidation phase where the daily price ranges become narrower, forming two converging trendlines. This consolidation indicates decreasing volatility and a potential continuation of the downward trend.