Pennantbreakout
RKT Objective PathNYSE:RKT has had a great couple of days. I believe this trend will continue into next week after a bullish pennant formed today in premarket and quickly broke upwards throughout the day. A hold above 22.68 could allow this trend to continue, and a break below could lead to some consolidation with 22.20 as the next support level. Other support and resistance levels are marked
CRUDE OIL BUY SIGNALHey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CRUDE OIL: Daytrade-Execution
Market-Buy-Order: 35,57
Stop-Loss: 36,85
Target 1: 38,25
Target 2: 38,79
Target 3: 39,34
Stop-Loss: 72 pips
Risk: 0,5% - 1%
Risk-Reward: 2,46
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Beautiful PenantBeautiful pennant trying to be broken to get some profits I love it :D
This is not a financial advise. My opinion only.
$NIU classic #pennant #breakout #chart$NIU is breaking out of a beautiful classic pennant on daily chart
Yesterday the 5EMA crossed up the 10EMA
Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area
Also notice the volume in the past sessions above the 20MA AvgVol
They tried to push it back today after the open, retested the 20EMA and we are looking at a potential beautiful “red to green” move
Target 26-30$
Good luck,
TA
NIITTECH - PennantNiittech has pennant breakout and its a very strong bullish continuation pattern over 70% winning rate... RSI and MACD is positive hence 2100+ can be seen in coming days. Targets on chart...
EURGBP 0.90870 +0.21% LONG IDEA * CONTINUATION PATTENS & STRCTURGood Day Everyone
a look at the EURJPY pair that has been trading in a ascending channel we saw a fake out of this structure but the structure held as we saw a break above 38.2% Fibonacci level so the bulls kept control of the market. the pair has just been trading in a bullish pennant which so a breakout and a retest of the structure signalling continuation to the upside so will be looking for continuation on the pair and the ascending channel to hold lets see how it goes on a swing trade....
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
USDCAD 1.35776 +0.03 % * TREND-CONTI PATTENS Good Day Everyone
A look at the USDCAD pair currently ranging in a pennant formation at 50% Fibonacci level confirming a LH on the pair now will be expecting continuation to the downside on the pair as we just confirmed a downtrend within the descending channel structure targeting resistance level 1.34424 on a swing trade....
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
QQQ Pennant resolved in Upside Breakout; Whither Big Tech?Surprise Surprise! Close ur shorts on any small pullback IMO; the megaphone channel points to blowoff high ATH at 275.
Should give a pullback from there IMO. Shorting this monster has been an expensive hobby; who knew?!? It will crash again, one day...
Not advice; trade at your own risk! GLTA!
SRTRANSFIN - Short TermSRTRANSFIN has pennant breakout but RSI trendline is giving resistance. watch for rsi to break trendline. Targets on chart.
Pennant breakout, bullish move may last for a few month from nowWas working today on my list and found this awesome looking chart in my watch list. Been waiting for this for some time now, will look to buy into within the next few days. I think its safe to buy immediately but I need to free up some cash first :). Hope some of my followers will make some money on this tip and will share their victory here, thanks in advance.
NZDJPY - Pennant SetupThis is pretty much the torture that traders feel when they are in the trade, I am of not spared by that emotion too.
This is when your trading rules became important. A break and close below the pennant allow me to lock in some profits from my bearish butterfly pattern setup(check the link at the bottom).
If the market break and close above the pennant, depends on how the candle close, I may exit the trade in advance.
How do you deal with this situation?
Comment down below.