MANA/USDT BINANCE D1 - Bearisch Pennant (active)MANA/USDT BINANCE D1 - Bearisch Pennant
a Bearisch Pennant was activated today
Targets are marked as horizontal rays in green
Pennantbreakout
KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well.
On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support.
How to approach?
the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse.
the price needs to have a breakout from the 21.2 Big resistance.
So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EURUSD Pennant Breakout & Dominant Breakout Strategy A pennant can be seen in 15 minute Time Frame along with a Dominant pattern within the pennant. Which also retested its 0.5 level and I usually take entry on this level. A short entry can be taken for few pips.
BTCUSDT is creating a pennantThe price is creating a pennant on weekly support of 44200$ after a rejection from 47k, where the market has a supply zone.
on the daily timeframe, the price is testing the previous resistance as new support.
How to approach?
The price is creating a pennant and retesting the lower trendline. The price needs a new breakout from it and flip the 47k resistance into support and satisfy our rules.
The scenario is invalidated if the price is going to lose the 44200$
According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
The Bullish Pennant! What are you Guys/ Girls Thinking of this?If confirmation happens, it looks like something big is about to happen right?
By the book, it's called a Bullish Pennant!
What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
FILUSDT is creating a pennantThe market created a triple top on the monthly support ton 17$.
As I said in my previous analysis, () After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
Moncler (MONC.mi) bearish scenario:The technical figure Pennant can be found in the Italian company Moncler (MONC.mi) at daily chart. Moncler is an Italian luxury fashion brand with French origin mostly known for its skiwear. The Pennant has broken through the support line on 02/04/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 46.860 EUR. Your stop loss order according to experts should be placed at 52.86 EUR if you decide to enter this position.
Moncler reported revenues that surpassed the 2-billion-euro mark, rising 44 percent compared with 1.4 billion euros in 2020, eight years after its initial public offering and through a global pandemic. Net profit climbed 37 percent to 411.4 million euros, compared with 300.4 million euros in 2020. Compared with 2019, it grew 14.7 percent from 358.7 million euros. The group also touted a free cash flow of 550.3 million euros, above pre-COVID-19 levels and compared to 195.5 million euros in 2020.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ETHUSDT is testing the previous resistance as new supportAccording to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse.
On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it.
So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700.
Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
STORJUSDT is creating a pennant The price had a breakout from the descending channel on the daily timeframe after a bounce on the weekly support on 0.91$.
On the lower timeframe (4h) the price is creating a pennant below the monthly resistance and above the 4h support. the market printed a false breakout from the pennant and monthly structure.
How to approach?
We are monitoring the price, we are waiting for the breakout from the pennant with volume. IF the price is going to have a breakout and retest monthly resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DOTUSDT is trying to have a breakoutThe price had a breakout from the daily descending channel after a retest of the Monthly support on 14$.
On the 4h timeframe, the price is creating a pennant and now it's trying to have a breakout from it.
The price got a first rejection from the 4h resistance on 19$
How to approach?
We are monitoring the price and we are waiting for our rules. the market could get more liquidity from the previous resistance now new support. The market needs to have a breakout from the 19$, be careful about the daily resistance on 20$. IF the price is going to satisfy all our rules, we could open a new long position with a very nice risk reward.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
LTCUSDT is creating a pennantThe price is testing the monthly support on 106$ after a false breakout from the 4h resistance.
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.
How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy , we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
TSLA: A nice REVERSAL CHART PATTERN!Hello traders and investors! For the surprise of no one here, TSLA is going up today, triggering an important bullish pattern that could reverse the trend. Let’s see what’s going on.
First, in the 1h chart, TSLA did a sideways correction, just to form a Bullish Pennant chart pattern, a powerful pattern that usually reverses the trend when triggered.
Bullish Pennant triggered. Breakout of a pivot point at $ 819.49. Trading above the 21 ema, which is pointing up now. All of this indicates a bull trend. What’s the target? As I already mentioned in my analysis on Feb 23, the $ 920 – I didn’t change it since then.
The main challenge here is the 21 ema in the daily chart, as I don’t see TSLA breaking it that easily. However, pullbacks are expected, and we must not panic when we see them occurring. The problem is that TSLA must not do any bearish structure after this; otherwise, the market may understand this pullback as the beginning of a Dead Cat Bounce.
Whether this will be a DCB or not doesn't matter, as the only thing that truly matters is to react properly to the signs. I’ll keep you guys updated on this every day, so remember to follow me to not miss any of my future analyses!
LTC/USDT : Broke below the triangle ! BINANCE:LTCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
$LTC has broke below the formed symmetrical triangle ( kinda like bearish pennant actually ) and now it just retests the broke trendline.
Into macro bias has turned fully bearish; But there can be a spike into the triangle as the last dead cat bounce !
However I would like to add my short here and follow my aimed targets; But also you can wait for another break below the support zone to confirm the bearish bias even into micro terms...
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BROOK | Pennant Breakout | Entry @ Pullback SetupPrice Action and Chart Pattern Trading Setup
> Pennant Breakout and above Volume Profile POC line
> Entry @ Pullback setup - Target 0.786 - 1.0 of previous high - the key resistance of volume profile
Indicator:
> Smart Money and banker chip volume support at previous low / B position lowest pennant
> BBD bullish signal crossover base line
> Banker Fundflow strong uptrend and not overbought
> KDJ stochastic uptrend reversal
Risk Ratio: 2:1 stoploss at C position previous low pennant
XAUUSD GOLD Technical Analysis (POTENTIAL BREAKOUT)-Bullish pennant daily chart pattern.
-Long term bullish in gold/commodities with inflation and with potential inflation rated.
-Buy low/Sell high.
-Potential stop loss hunt when the price gets more squeezed closer together. Normally a big explosive move to the upside comes from this.
-I could see a fake-out to the downside and trap a lot of traders then the big money takes the price to the upside.
CTKUSDt is creating a pennantthe market created an inverse head and shoulders on 4h timeframe and had a breakout from its neckline.
Now the market is creating a pennant on the daily resistance around 1.5$ .
How to approach?
IF the price is going to have a breakout from the pennant and from the daily resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
PEOPLEUSDT is creating a Pennant
The price is creating a Pennant on the 0.382 Fibonacci level after a breakout from the daily resistance.
The price is testing the 4h resistance too.
How to approach?
IF the price is going to have a breakout from the 4h resistances and daily dynamic resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
SPX [SP500] Technical Analysis - 01/29/2022 - HourlyHourly chart forming a symmetrical triangle pattern.
Rejected 200 day MA - 01/26/2022.
Broke through triangle pattern, currently retesting the 200 day MA resistance.
A break through the 200 day MA would be bullish - Close on Monday will determine this .
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We will examine each part of the symmetrical triangle individually, and then provide an example with Conseco.
1: Trend:
In order to qualify as a continuation pattern, an established trend should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.
2: Four (4) Points:
At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.
3: Volume:
As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
4: Duration:
The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.
5: Breakout:
Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
6: Breakout Direction:
The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
7: Breakout Confirmation:
A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts.
8: Return to Apex:
After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
Recipe for Disaster VIX and it’s futures chart indicate a long term pennant ranging from the beginning of this week to today. With most daily pattens forming a wedge and some even a bear flag. Does not look good moving forward. Expecting another leg down for the indexes and stocks next week.
MSFT : The prevailing trend is strong bullish trend!!!The ladder pattern for this bullish trend is strong with the confluence of the bullish pennant in between structure. MSFT show strong bullish trend!!!!
JSWENERGYJswenergy formed a bullish pennant & is trading beautifully inside it & it looks its in the verge of breaking out of pennant because of good volumes in it.
Could be bought at mentioned price with stop loss & targets.
BRIGADEBrigade made bullish pennant pattern on daily/hourly charts.
Could b bought with mentioned sloss & tgts.
