LONG - PHX - Trade OpportunityA huge pennant has been forming for the last 15 days and right now it's at the apex, a break out could be coming soon. As we all know PHX is one of those coins prone to huge pumps.
Entry: 0.00000237
TP 1: 0.00000259
TP 2: 0.00000273
TP 3: 0.00000289
TP 4: 0.00000305
TP 4: 0.00000325
SL: 0.00000222
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Pennantbreakout
#USDJPY #EURJPY #JPY - Big Moves ahead!This is the quarterly charts of the #EURJPY and #USDJPY, we are seeing a triangle pattern occurring where we will see a breakout in the coming months. Watch closely...#usd #jpy #eur #fx
Massive Pennant Forming on the Weekly!After the recent ascending triangle break (visible on the daily) that caused a daily trend reversal, the CAD/CHF is getting closer to a potentially massive movement. When the pennant will be broken is hard to speculate, but know that within a year, many good trade opportunities will start appearing!
NaturalGAS!Natural gas is giving us an interesting trade signal, comes from an upward movement and is configured a bullish pennant, which is a continuation of trend signal!
Indications:
Trade to the breaking of the pennant
GOAL
5.701
6.340
New beginners view of BULLISH pennant forming on XAUUSDMy updated view on XAUUSD until US GDP this friday.
My personal entry point is on the stop hunt that I've indicated on the chart, I will be looking at indicators and volume to confirm my long during the time frame of the grey stop hunt box I've placed.
If this chart helped at all, leave a like.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Potential BULLISH PENNANT formation on XAUUSD I am still very bullish on gold since USD was really strong last week and gold was barely affected. DXY also seems to be doing a double top soon on the H1-H4 time frame which could fuel a stronger bullish momentum for gold this week.
My personal entry point is on the stop hunt that I've shown on the chart.
If this chart helped at all, leave a like.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Bullish crossover on the daily, bullish pennant on the 4HBitfinex: Another bullish signal that BTCUSD will be going up very soon. On the daily chart we are about to have an upwards cross of the MA7 and MA20 moving averages. As you can see in the circled areas, each time this cross has been followed with a significant price rise. BTC should retest MA200 at around $7200. The bear market is not over until there is a daily candle close above MA200.
We also have a bullish pennant forming on the 4 hour chart. Looks like a breakout is imminent. Hopefully to the upside. Stochastics show oversold but RSI can still go either way so tread carefully. My target remains $7150.
Possible BULLISH pennant formation for GBP/JPYI personally think that the price will be range-bound for GBP/JPY along this bullish pennant until Brexit negotiations are over in this month of October and I expect BOJ to still have dovish stance for interest rates.
I am looking for another drop onto the lower trendline for a long entry into the potential breakout.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Bitcoin: We're gonna ri-ri-ri-ri-rise til we fall!Bitcoin is in a bullish pennant and we have RSI hidden bullish divergence on the 4 hour chart. BTC has found support at $6560 (0.618 fib) and we will probably have some sideways action until we have a breakout to the upside within the next day. Volume has been dropping steadily so expecting capitulation once we get closer to our pennant support. The break out should coincide with a break above the Daily MA50 and the break above the pennant resistance should take BTCUSD above the Daily MA100 at around $6750.
We can expect strong buying pressure once we break through the blue trend line which connects the peaks on 24 July, 4 September and 28 September. Price should then carry enough momentum to break the heavy $6800 resistance and should then reach $7026 at 1.272 fib with an extension to $7127 at 1.414 fib. $7127 also coincides with the large yellow trend line resistance which connects the peaks at 05 May and 24 July. A close above this yellow trend line above $7272 at 1.618 fib should spark a short term rally, however this will be a strong level of resistance given its fib positioning and price could turn from there for a retest of $6800 support. This yellow trend line also serves as resistance for the large bearish descending triangle playing out on the weekly chart.
Remember the bear market is not over until BTC is over the daily MA200 so take caution when everyone starts piling in to the 4th quarter ''bull run".
Good luck and happy trading!
Previous analysis:
Let's Discuss this..EURUSD on H1 hit a side-way consolidation, what's your call and strategy on this?
Will you or will you not engage a trade?
Why so?
AMD, bullish pennant formation
AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to >=30. This gives more confidence that the primary bull trend is in its continuation phase.
How to detemine Targets for Pennant BreakoutsThe target for a pennant breakout should be determined by the height of the pennant
In this example the height was 165 pips.
The price reached broke out and reached 161 pips.
Of course, it's not always perfect but it's close enough.
A similar example can be seen in last weeks pennant break out on EURUSD. However, on the EURUSD example, when price broke out it did a retest and then continued to the target. Retest do occur, so be weary of moving your stop too early and then missing the main move
Thanks for reading.
USDJPY Pennant Breakout and Longterm ForecastLast week we have published our longterm USDJPY forecast. We have mentioned that the Bullish market is likely to continue. BoJ announcement was the key and yesterday we had ” the day”.
Fundamentals:
The JPY began to lose weight against all major currencies as the BOJ announced at the morning meeting that interest rates should be kept constant while lowering the long term inflation outlook and made its monetary policy more sustainable for a long time.
At the first look, it may sound like a hawkish statement, however, as a result, the BOJ has enabled itself to prolonged monetary easing, meaning the bond yield differential will likely continue widening in the Dollar – positive manner.
In addition, in the evening, US President Donald Trump said that he would start negotiations with China on trade wars. This gives the feeling of “JPY is not a safe haven anymore”.
Technically:
On the bigger picture, Monthly Chart, USDJPY made the bullish pennant breakout. It’s the bullish continuation pattern. The targets of the formation are 118.500 and 125.800.
On the daily chart, it seems the correction of Cup / Handle formation is completed. On the H4 Charts, Anka took the support of major EMAs.
Long Term Key Levels.
Weekly closing above 111.400 will be the confirmation of the bullish run.
110.400 is the key support level.
Midterm targets: 112.500 113.200 114.700 117.000
Long Term Targets: 118.500 120.000 125.800 ( Targets are valid if the pair makes weekly closing above 111.400 )
GBPUSD pair has created a pennant pattern
The hourly chart shows the GBP/USD pair has created a pennant pattern - a bearish continuation pattern, meaning a downside break would open the doors to 1.30 (psychological level).
An upside break would abort the immediate bearish outlook.
I'm already short on this pair. Sold at 1.32010. If you like this trade idea, please give it a thumbs up. Thanks.
BEARISH PENNANT What im looking for is for it to hit the 0.618 retracement for a break out, retest and off She Blows...
SPY, heads or tails?Dear all, thanks for reading this post. Lets get right to it. In my last post (SPY is playing Fibonacci Pinball) I noted that the market was difficult to read and was giving no clear signs as to its direction. This was b/c we had seen multiple higher lows (w/ decreased volume on each higher low which was a bullish sign) and higher highs in the ascending channel we were in. This channel has now broke, this is not a complete surprise to me as we are still in a corrective mode and I expect this market to dip. Also note that a red volume symbol at the bottom the the chart indicates that we have witnessed an uptick on volume during a dip, a reversal of the previous pattern.
Per the two small rectangular shaded regions we see that over the past three weeks the .786 & .618 Fibonacci lines have served as very accurate support/ resistance lines a total of 10 times! Going forward I anticipate we will break more support lines. Even if the pennant we are currently in demarcated with red trend lines breaks to the upside I still believe we will head down eventually. In the grand scheme, beyond the scope of this chart remember we are still in a 5 wave impulsive bullish set up that will likely take SPY much higher in 2019 than the 2018 highs.
Once the .236 support in our current bearish set up breaks, and I'm anticipating it will before this correction runs its course, we may be nearing completion of the correction and it will be probably be time for a bullish re-orientation. This is because we are most probably in a flat corrective wave (one of three types of corrective waves according to Elliot Wave analysis) which means that the C wave, completing the A-B-C corrective structure may run its course in a similar spot to the A wave, demarcated with a orange line with an arrow in the graph. By the same token in a flat corrective wave, wave B terminates near the origin of wave A, again demarcated with a orange line with an arrow in the graph. I am also leaning towards this hypothesis b/c of all the abnormal strength we have seen during this correction and SPYs tendency to rocket after touching the upper 250s. I will not wait for lower prices only to watch the market head up and lose a good buying opportunity. My two cents, I welcome all questions, comments, and criticism.
BTC Bottomed?! - A Tale of Bullish Bear Pennants BTCUSD
Bitcoin's bottom to top increase in February was approximately 96% and was 55% in April/May (ratio approx. 1.7:1). In early April Bitcoin found strong support in the low-mid $6000 region forming what looked like a traditional bear pennant but eventually broke the upside with relatively confident momentum. We now find ourselves, presently, back in the $6000 region forming what looks like another traditional bearish pennant. However, history tends to repeat itself and the pennant has formed proportionally in the 1.7:1 ratio compared to the last pennant. Therefore, I expect BTC to break the upside of this pennant and, in turn, out of the overall bearish trend. I wouldn't be surprised to see BTC heading to test the May high of around $10,000 soon.
BTC/USD Bearish pennant Hi guys, I am still bearish medium term but who knows for short-term, Bulls need to break 7700. well, our market cap still going down we're over 185,260,417. USDT , After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in so we’d put a short order at the bottom of the pennant with a stop loss above the pennant.
Thank you all <3
EUR/GBP, 240, PENNANT? The 0.618 Fib level is an important point of resistance. a "pennant" formation may occur if this level is passed.
Do you trade technicals? #technicalanalysis #stocks #tradingPennant/triangle pattern on ATVI. If you're into technical analysis you'll want to trade the breakout after the consolidation phase.
zil/btc pennant breakoutBINANCE:ZILBTC i think Zilliqa, the flavor of the week, has been forming a very obvious pennant, in its bitcoin pairing on Binance. With how young the coin is, there's not a lot to go off of, other than instincts, therefor not a lot to say here, This is my first published idea, for the record. I would really like to hear some other peoples opinions of this coin, if someone wouldn't mind sharing that in the comments, along with any other comments, questions, criticisms, thanks for checking this out! BINANCE:ZILBTC
Ontology about to break out of Bull PennantOntology is little known to most people, but has by far been one of the best performing coins, relative to its ICO price. It's about to break out of this pennant, and though some sideways consolidation is possible, I doubt it knowing how volatile crypto is.
I'm not making any moves at the moment, but definitely holding on to the ONT I already have.
