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Pennantbreakout

Not the most clear chart 50MA (Daily) Squiggles BTCUSDT LONGNFA.. Just a few squiggles on a chart.. Here is just a Sine wave replication of the 50MA (Daily) 0 offset But shifted vertically.. (Ribbons if you will..) 50 Day of the Sine wave going forward you can see this is respected acting as support/resistance.. Possible targets.. Well you can deduce from where likely reversals are to be found & likewise for breakouts and areas of consolidations . I tried my hardest to make this as confusing as possible. Let me know how I have done.. For cleaner/accurate charts checkout @TechDev_52 @JohalMiles For overall market wisdom/knowledge checkout @standfieldken 's work ++ @cryptobirb ... #Bullish on #bitcoin
Long
by majika
NETHERLAND25 bearish scenario:The technical figure Pennant can be found in the major Dutch index AEX (NETHERLAND25) at daily chart. The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most frequently traded securities on the exchange. It is one of the main national indices of the stock exchange group Euronext. The Pennant has broken through the support line on 09/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 798.47 EUR. Your stop loss order according to experts should be placed at 824.63 EUR if you decide to enter this position. 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.
EURONEXT:AEXShort
by legacyFXofficial
AMC and Pennant Flag on DailySo, a five month long Pennant is atypical, but there it is staring straight in our faces. Because the upsurge was higher 5 months back, and then the Pennant was formed, this is a setup for a Bullish Pennant breakout. I follow support and resistant lines as a staple and patterns such as the Pennant secondary, but this is like this is being conjured up in some witch's brew, this perfect pattern. To complete the pennant, I anticipate it will touch around 36.70 which has a traditional strong support area (confluence in many time frames and consolidation area). This same support area lines up with the angle of the Pennant. From there I anticipate either one of two things: It bounces up and hits the upper angle at around 41.00 and comes back down one more time, bounces and then goes through at around 39.50 for the breakout. This coincides with earnings, in which AMC tends to run higher after earnings. Or it bounces at 36.70 area and goes up and takes out the Pennant immediately. And as the Apes say, to the moon.
NYSE:AMCLong
by StephenGunn
Amadeus IT Group S.A.(AMS.mc) bearish:The technical figure Pennant can be found in Spanish company Amadeus IT Group S.A. (AMS.mc) at daily chart. Amadeus IT Group, S.A. is a major Spanish IT provider for the global travel and tourism industry. The company is structured around two areas: its global distribution system and its Information Technology business. Amadeus provides search, pricing, booking, ticketing and other processing services in real-time to travel providers and travel agencies through its Amadeus CRS distribution business area. It also offers computer software that automates processes such as reservations, inventory management software and departure control systems. It services customers including airlines, hotels, tour operators, insurers, car rental and railway companies, ferry and cruise lines, travel agencies and individual travellers directly. The Pennant has broken through the support line on 21/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 8 days towards 51.72 EUR. Your stop loss order according to experts should be placed at 61.00 EUR if you decide to enter this position. 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.
BME:AMSShort
by legacyFXofficial
Safran SA (SAF.pa) bearish scenario:The technical figure Pennant can be found in French company Safran SA (SAF.pa) at daily chart. Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace-component and defense corporation. Employing over 95,000 people and generating 24.64 billion euros in sales in 2019, Safran operates in the aircraft propulsion and equipment, space and defense markets. The Pennant has broken through the support line on 20/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 7 days towards 105.90 EUR. Your stop loss order according to experts should be placed at 117.22 EUR if you decide to enter this position. 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.
EURONEXT:SAFShort
by legacyFXofficial