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Bullflagpattern

Bullish Pennant for TNY?On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue. The RSI is displaying a bullish flag. A bearish cross has occurred on the DMI where I've placed the red downward pointing finger. The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has acted as support as of this moment, inherently bullish. If the blue upward sloping support of the bullish pennant is lost ideally I'd like to see bullish buy pressure at the old red resistance of the downward sloping channel, it should act as support again if there's going to be a convincing shift from bearish to bullish sentiment.
CSE:TNYLong
by ScotianBot
NZDCHF 1D BULL FLAGBull Flags are a Range pattern and they are repeatable trading chart patterns. Bull Flags are descending range chart patterns that will have a directional bias (Long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
$HMY First breakout in the mining industry. Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower, forming long flags. I knew that one day it will breakout and it is important to see who breakout first. And here we have the winner, usually first several stocks in the industry to breakout would do better than the rest. I don't see enough volume on this breakout and that creates the higher odds for pullback, will see. I found this stock today, market is closed, so I did not opened the position yet but going to do it as I see things developing the right way. I would say this set up provides very safe entry point for a long term position. Good luck!
NYSE:HMYLong
by Trade2Double
LIT/USDT Update: Genesis block on parachain generatedLIT is forming a flag and we are getting closer to the end. There were some good news that LIT got a place within the parachain of polkadot. The price however did not respond to that. We guess it will soon and it's upwards. The volume decreased since the launch as it would do within a consolidation phase. --> Looking for a sharp increase. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Probably Next All Time High For BitcoinIn the chart we can see a Bull Flag Formation that is created by 2 channels, we have some important support and resistance lines. Bitcoin broke the upper resistance line, it may be going to test the line as a support , but not very likely if we gain momentum in the next hours and days. Target estimated by the projection of distance from the bottom of the pattern to the top gives uy $74K. Time estimation is probably lead us to think that April will be the month (mid April) to reach the target. That's two weeks from now. Lastly, we can also see that Fibonacci Golden Pocket played incredibly well at indicating key support level on $50-51K level
BYBIT:BTCUSD.PLong
by vichudo
BTCUSD 1D BULL FLAG LONG TRADEBull Flags are Ranges that are repeatable trading chart patterns. Bull Flags are a descending chart pattern that will have a directional bias (Long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:BTCUSDLong
by Tradingstrategyguides
3
IS A NEW ATH INCOMING??!! BITCOIN LOOKING FOR $61K?!?!? LONGAs we can see from my previous video upload this is big news for what we can see in the immediate short term for bitcoin here. I am currently waiting on the sidelines to see what develops from this rising channel and hope for a breakout with a confirmation giving us an amazing buy set up that could take us back to these $61800K levels once again! Of course we are not shorting Bitcoin within the bull market so if we are given a breakdown we will of course be on the side lines waiting for another potential position towards the upside! Hope you enjoy the run, trade safe and let me know your thoughts!?
COINBASE:BTCUSDLong
by TradingCheww
BNB: the bull flag is here!BNB UPDATE - like I said in my last BNB post; time is on our side... Well that time is soon to come! I love big bull flag triangles. Just wow. I expect a big breakout this week on BNB - wait for confirmation and volume! However this will only happen if BTC find a bottom and BNB stays above the green support line. Breaking that support line is super bearish but I dont expect that to happen esp. with BNB burn around the corner. (check my last idea for reference aswell as my other ideas, they are all being updated regularly with comments) IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BINANCE:BNBUSDLong
by cryptobullethbtcxlm
8
MONSTER BEVERAGE 1D BULL FLAGBull Flag is a Range pattern that is a repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias (Short) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:MNSTShort
by Tradingstrategyguides
Bull Flag ? Let's Run It UP ! FET/BTC #FetchAI $FET #FETHere we see our FET 2 hour chart from Binance . And inside those black lines it appears we have a Bull Flag forming . This is bullish and should break up after it finishes it's consolidation.If you don't know what a Bull Flag actually is - it's a formation you will find on a chart that has a strong uptrend in place. This uptrend can almost look like a Flagpole- hence the name. A pullback happens forming the "flag" of this pattern and after it is finished consolidating it will break upwards . So where that green arrow is on my chart I expect to see this break up . Could be tomorrow or could be next week - it's hard to say . But we will see FET start a rise towards it's previous high of 1550 from last Summer at some point. And then onwards after that . I'll post my previous FET chart below.
by shimmeringpath
8
USDCHF 0.92233 - 0.04 % LONG IDEA * PRICE ACTION AND STRUCTURAL Hello everyone Hope you guys are good, here's a swing idea on the USD / CHF PAIR looking at it from the 30 M chart. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
USDTRY 7.50328 + 0.27 % SHORT IDEA * STRUCTURE & PRICE ACTIONHello everyone Hope everyone is good having a good week in the markets... here's an idea on the DOLLAR/ TURKISH LIRA. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
ADA/USDT Coinbase listing --> 3.5$ nextFinally Cardano will be listed on Coinbase pro and can be actively traded starting from the 18th of march. This news just helped to break out of the current bullflag. Let's ride! Executed: - Mary Hardfork - Coinbase listing Still waiting for: - Africal deal - Grayscale - 100% decentralised - ADA Ecosystem Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only.
Long
by tumbler55
10
PG&E CORP 1D BULL FLAGBull Flags are a Range patter & they are repeatable trading chart patterns. Bull Flags are a descending chart pattern that will have a directional bias (Long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:PCGLong
by Tradingstrategyguides
DAX 14502 - 0.46 SHORT IDEA * STRUCUTRE & PRICE ACTIONHey everyone Hope everyone is good having a good one, Here's a look at the DAX from the 4H chart. * The index has been rallying on a high with impulses and corrections. * currently trading in a bullflag signalling continuation but before we see this move we trade the roof & floor of this structure. * Scale down for entries for more margin and an edge on risk. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
XETR:DAXShort
by PULEMokhothu
DXY 91.58 - 0.11 % LONG IDEA * CONTINUATION PATTERNS AND STRUCTUHELLO EVERYONE Hope everyone is good & rested, Here's a look at the dollar index in the week ahead from the 4H * The index has been trading in a descending channel on a larger scale that tested the floor of the structure currently rallying on an uptrend. * On this uptrend we see impulses and corrective structure in the form of bull flags looking for continuation of this moves. * break below and significant moves with the bears change the plan. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:DXYLong
by PULEMokhothu
2