Get started

Flag

MarketBreakdown | USDCAD, NZDUSD, CRUDE OIL, DXY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently testing a significant daily structure resistance. The intraday price action looks bearish at the moment. I think that the pair may start a correctional movement from the underlined blue area. 2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸 The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs. I think that we may see a correctional movement/pullback soon. 3️⃣ #WTI CRUDE OIL daily time frame 🛢️ Crude Oil updated a low on a daily, violating a key horizontal support. It confirms the strength of the sellers. The market may keep trading in a bearish trend within the boundaries of the underlined channel. 4️⃣ DOLLAR INDEX #DXY daily time frame 💵 We see a nice correctional movement after a strong bearish impulse. The market is currently trading within a bearish flag pattern. Bearish breakout of the support of the flag will be a strong bearish trend-following signal. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
GOLD (XAUUSD): Detailed Technical Outlook Here is a quick recap of my Gold analysis on a today's live stream. The market is currently trading within a bullish flag pattern on a daily. After the price reached a daily horizontal support, it bounced and tested a resistance cluster based on a trend line of the flag and a horizontal structure. I believe that a bullish rally will resume after a confirmed breakout of the underlined horizontal area and a trend line with a daily candle close above. Today's US news can be a catalyst. The price may also respect the underlined resistance cluster, following the negative news. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
Gold's Next Big Move: Will It Skyrocket or Plummet? Expert View!Major Support / Resistance Zone: This zone is marked clearly on the chart and acts as a significant level where price has previously reversed or consolidated. It's crucial to monitor how price reacts around this area. Wave Analysis: The chart shows a clear Elliott Wave structure, with a 5-wave pattern identified. Waves (1) to (5) represent the motive waves, and the correction waves are seen in between. Bearish Flag #1 and #2: These flags indicate periods of consolidation following a downward movement, suggesting potential for continuation to the downside. They are often characterized by lower highs and lower lows forming within a channel. Descending Channel: The descending channel provides a clear bearish structure, with price making lower highs and lower lows. This channel acts as a guide for potential price movement, indicating bearish sentiment as long as the price remains within this structure. Daily Bull Flag: This larger bullish flag formation suggests a longer-term bullish potential if price breaks above the flag's upper boundary. It's a key pattern to watch for potential upside. 1HR LQZ / Reversal Zone: This liquidity zone (LQZ) is marked as an area where a significant amount of orders might be present, potentially leading to reversals or significant price reactions. 4HR LQZ: Similar to the 1HR LQZ, but observed on the 4-hour timeframe, suggesting a more significant potential reversal or consolidation area. Bullish Potential: If the price breaks above the 1HR LQZ / Reversal Zone and the descending channel, there is a bullish potential up to the levels marked on the chart. The structure would need confirmation through higher highs and higher lows. Bearish Potential: If the price fails to break above the descending channel and instead moves below the 4HR LQZ, a bearish continuation is likely, potentially targeting lower support levels. Summary The chart indicates a potential for both bullish and bearish scenarios depending on how the price reacts to the identified key levels (major support/resistance zone, 1HR and 4HR LQZs, and the descending channel). Bullish scenario: Break above the 1HR LQZ and the descending channel, leading to a continuation towards higher levels. Bearish scenario: Failure to break above the descending channel and a move below the 4HR LQZ, indicating a continuation to the downside. This analysis should help in making informed trading decisions based on the observed technical patterns and key levels.
OANDA:XAUUSDLong
by Adlercon333
2
Occidental Staggers Before Big EventsOccidental Petroleum has been rangebound for more than two years, and some traders may worry about potential downside with some big events looming. The first pattern on today’s chart is the price action after the April 12-June 4 slide. OXY retraced half the decline before rolling over, which may suggest its trend is now lower. The recent drop below $61 could also be interpreted as a bear-flag breakdown. Next, the 50-day simple moving average (SMA) is in the process of forming a potential “death cross” below the 200-day SMA. Third, the oil stock tried to clear last year’s high above $69 in April but couldn’t hold. That kind of false breakout is a potentially bearish reversal pattern. Finally, at least two big events could impact trading. On Thursday, OPEC+ is expected to let production increase as previously announced. Quarterly results follow on August 7. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:OXY
by TradeStation
CholaFin-Swing Trading-Bullish flag pattern towards big breakout NSE:CHOLAFIN 18.07.2024 Buy: Above 1450 Target: 1668 Stop Loss: 1370 Risk:Reward- 01 : 1.5 1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF 2. Price was following the parallel channel from last one year.After breaking out the channel, now price has taken retracement. 3. After a good breakout, price has consolidated from one month by forming bullish flag pattern. Today with good green candle, pattern has found breakout with good volumes 4. Price rejected from 21 EMA & price is above 50 EMA. 5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
NSE:CHOLAFINLong
by Swinging_Inside_the_BAR
GOLD XAUUSD Bearish Flag Pattern Gold is currently trading around $2387, having formed a bearish flag pattern on the chart. This pattern suggests a potential continuation of the downtrend. The bearish flag pattern in gold suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $2367 or lower. This breakout is often accompanied by increased volume and momentum, confirming the continuation of the downtrend. Trading Strategy: Sell signal: Enter a short position when the price breaks out below the lower boundary of the flag, around $2380. Stop-loss: Set a stop-loss above the upper boundary of the flag, around $2396. Target: Set a target based on the height of the flagpole, projected from the breakout point, potentially targeting $2367 or lower. Risk Management: Set a stop-loss to limit potential losses if the breakout fails. Adjust position size based on market volatility and risk tolerance. Consider scaling out of the position as the target approaches to lock in profits.
OANDA:XAUUSDShort
by Pipsview_Analysis
1
CRYPTO TOTAL MARKET CAP (BULLISH IDEA)Hello Avid reader, I would like to share my take on the possible scenario for the Crypto Market. 1 - The market has been in consolidation phase for the past 4 months , creating a Typical Bull-Flag pattern . 2 - As you can see that the lows of the channel have been tested 4 times, but the selling pressure got absorbed on each test, signaling a Strong reversal. 3 - The mid of the channel (represented by dotted white line) precisely provided resistance / support to the PA in all the previous moves which is clearly visible on the chart. But the thing which I would like to highlight here, is that this time, the Price, very comfortably broke through the mid-zone and re-tested it as Support. 4 - There is a BISI (Buy-Side Imbalance & Sell-side inefficiency) highlighted by the green box. The PA might indulge this zone to grab un-touched Liquidity. 5 - USDT's Dominance is weakening and has formed a Bear-Flag pattern. Areas of interest are market on the chart. 6 - In Summary, I expect the Crypto Market cap to rise significantly in the upcoming weeks, especially in Q4 2024 & subsequently, in Q1 2025. We are likely to face some resistance in the 2.5 T to 2.55 T area, as highlighted in the red box. Thereafter, 2.7 T and 3 T would be my areas of interest for selling. Thanks.
CRYPTOCAP:TOTALLong
by shadowkh1
3
The Mother of All Bullish Breakouts Inbound - BITCOIN If we see a flag breakout, the move will be insane! Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
BITSTAMP:BTCUSDLong
by CryptoCrestHQ
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
AEFES/TRY potential bull flagTECHNICAL ANALYSIS Bull flag might be forming in the 4 hour chart. Volume has ben decreasing since entering the pattern. MACD on the 1 hour chart might turn positive soon. RSI on the 1 hour chart has a bullish divergence and a triangle pattern. I expect a move in the next couple of days probably before 31 July. AEFES is probably in an accumulation phase before going upwards again. Target price is 385TRY if a breakout happens. Traders need to be careful because the daily MACD is still in negative territories. Watch out for potential breakouts from the pattern. FUNDEMENTALS AND NEWS AEFES will share its Q2 balance sheet on 8th of august. It is expected to be positive. AEFES has factories in Russia. Ukraine and Russia might agree to a peace soon. My view: POSITIVE Disclaimer: This isn't financial advice.
BIST:AEFESLong
by AttilaTurkei
Alikze »» MKR | Bullish Flag🔍 Technical analysis: Bullish Flag - It has been moving in an ascending channel in the daily and weekly time frames. - According to the analysis presented in the previous post, there has been a modification to the bottom of the channel and the ceiling of the previous major. - There is now an ascending flag form with a pullback to the broken cap structure of the major. - Therefore, if the green box meets the demand, according to the momentum and corrective structure of wave 4, it can have targets of 5000-5600-6250 up to Fibo 1.618. To continue the path, it must be above 2500 dollars to touch the specified goals. 💎 Alternative scenario: In addition, according to the previous analysis, if the green box breaks down, the next target can be the range of $1250. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
2
Trading Log of Too Much Free Time 01Many possible ways this could have played out but I decided to go short on the retrace into the intersection of 2 trendlines following the bearish breakout from the smaller flag. Stop above the monthly carmella and previous local high, but below the upper liquidity zone. This is because the former is all it takes to invalidate the idea and there's no telling if we will bounce off that liquidity zone or blow through it. Plenty of liquidity at the bottom of the channel that hasn't been resolved yet so setting my TP there.
BITSTAMP:BTCUSDShort
by RimmerDall