Get started

Bullflagpattern

Are we forming a Bull Flag in Carvana?Hi guys! This is a quick analysis on my opinions on a current chart pattern that may be playing out in Carvana (CVNA). At first glance you can notice the formation of a Bull Flag on the 1 Week CVNA chart. As you can see we have had our Sharp price move to the Upside, almost resembling a straight line up. This is known as the Flagpole. The Volume spike seen in this move is supportive of this phase. Followed by a pause or sideways action resembling a parallelogram. Here we see diminishing Volume, which is supportive of this phase as well. This pause is to consolidate/ take a break from such a massive uptick in price during formation of the flagpole. Flag patterns are known to be one of the most reliable continuation patterns and are said to rarely lead to Reversal of Trend. Currently we are in the process, on our current Daily Candle of trying to breakout. But we are meeting with Serious Resistance, depicted by a MASSIVE Upper Wick. Ideally, i'd like to see a larger body at the close of today's candle. Could this still lead to a break out? Well one thing to check is the VOLUME. For a breakout to occur we need to see a Massive Spike in VOLUME. Which we have not seen yet. Could be warning for a test back down to the lower rim of the parallelogram. This would also lengthen the time spent in forming this pattern. Also note that Flag patterns are normally short term patterns and shuold breakout within 1 to 3 weeks, as per theory. We are currently 8 bars in on the weekly chart indicating 8 weeks of consolidation. This is Not Textbook. Which has me second guessing if this is a Bull Flag. We have so much Resistance Above us, and the massive sharp move from $3, didnt create strong market structure. This in my opinion could lead to a collapse of current move with a massive correction. Continue to monitor this. Remember to trade a Bull Flag: You must wait for a breakout with CONFIRMATION before you take positions. I would personally not take a trade inside the pattern. Watch for signs of rejection here as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CVNA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:CVNA
by SafofAllTrades
CFX - 🚩 Flying High: Unveiling the Bullish Flag Formation 📈🚀On the weekly chart, CFX displays a promising bull flag formation. In the long term, it resembles a head and shoulders pattern around 0.09, with a favorable risk-reward profile. There are two resistance ladders on KDJ and Fisher indicators that need to be surpassed. The projected path is shown in black. The bull flag setup remains intact, even potentially retracing to the 0.07c area. PS Notice the green highlights on indicators.
Long
by PIKandExmoStudy
BluetonaFX - USDJPY Potential Bull Flag PatternHi Traders! There is a potential bull flag forming on the 1D USDJPY chart. Our bullish outlook on the US dollar continues, and the potential bull flag here is supporting this. We are currently in the flag channel, and we are looking for a break to the upside of the channel. The important price level here to look out for is 146.564; this is August's high, and we must break this level to continue to the upside. A break with momentum above 146.564 and the psychological level of 150.00 will be in sight. That being said, though we are bullish, as always here at BluetonaFX, we do not get attached to a view and must be ready to adapt at all times. If 146.564 does not break, the potential bull flag will fail and the market will most likely pullback, so we will look for selling opportunities around this level. Please remember to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
by BluetonaFX
7
CFXUSDT BULLFLAG BREAKOUTHello Tradingview friends! Make sure to LIKE and FOLLOW for more chart ideas! Today i am bringing you my view on CFXUSDT and the bull flag i believe CFXUSDT has formed and is showing signs of strength and a potential breakout! What does bull flag mean? A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. Thanks. Liquidmex
Long
by SolStackz
ETH/USDT BULL FLAG FORMATION! Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new ETH update. ETH is currently trading above $1900 level. As you can see in the chart, it is forming a bull flag kind of structure in 4hr time frame and already has a breakout. After the breakout, it is currently retesting it. After this successful retest, we can expect a pump from ETH. Although we have a strong resistance around the $2k level so for further confirmation it needs to break and hold above the $2k level. If it holds above the $2k level then the short-term target is $2200 Invalidation:- If any 4hr candle closes below $1870, then this bullish scenario got invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
🚩 Major Bull Flag Setup on $DOGE @elonmusk 🚀Hey traders! I've identified an exciting trading opportunity on CRYPTOCAP:DOGE with a major bull flag formation, and all eyes are on @elonmusk's involvement. Let's dive into the details: 📈 Technical Analysis: After a strong upward trend, CRYPTOCAP:DOGE has been consolidating within a well-defined bull flag pattern. This bullish continuation pattern typically suggests that the previous uptrend is likely to resume. With @elonmusk's tweets often influencing DOGE's price, his involvement adds another layer of potential volatility to this setup. 📉 Flagpole and Flag: The flagpole represents the initial sharp rally in price, while the flag is characterized by a downward sloping channel. This consolidation phase allows the market to catch its breath before potentially continuing the upward move. Keep an eye on the flag's support and resistance levels for potential breakouts. 🔍 Key Levels to Watch: Support: Look for the lower boundary of the flag pattern as a crucial support level. Resistance: Monitor the upper boundary of the flag pattern, which acts as a significant resistance level. Breakout: A decisive breakout above the flag's resistance could trigger a strong bullish move. 💡 Trading Strategy: Consider a long position on a breakout above the flag's resistance, accompanied by a surge in trading volume. Set your stop-loss below the support level to manage risk effectively. As always, stay updated with @elonmusk's tweets, as they can impact DOGE's price and alter the technical landscape. Remember to conduct your own analysis and risk management before entering any trades. 📢 Disclaimer: This post is for educational purposes only and should not be taken as financial advice. Let's stay bullish and follow the action on $DOGE! Share your thoughts and join the discussion below. #TradingView #BullFlagSetup #DOGE #ElonMusk #Cryptocurrency #TechnicalAnalysis #BullishContinuation #FlagPattern
Long
by STP_MrNodeItAll
2
$ALTO Bull Flag Formation After Wedge Break! 🚩🐂Hey traders! 👋📈 I've identified a compelling bullish setup on NASDAQ:ALTO that I wanted to share with you. It appears to be forming a bull flag pattern after a successful wedge break on the monthly timeframe, indicating potential upward momentum. Let's dive into the details! 📊💡 🔍 Symbol: NASDAQ:ALTO 📅 Timeframe: Monthly 📉 Previous Pattern: Wedge Breakout 📌 Bull Flag Formation: After breaking out of the wedge pattern, NASDAQ:ALTO has been consolidating within a tight range, forming what looks like a bull flag. The flagpole represents the initial strong upward move, while the flag itself consists of parallel trend lines, indicating a temporary pause before another potential leg up. 📈 Entry Trigger: To validate the bullish scenario, we'll need to see a clear breakout above the upper trendline of the bull flag formation. This breakout should be accompanied by increased volume, signifying renewed buying interest. Consider setting an entry trigger above , confirming the continuation of the upward trend. 🎯 Target Levels: Based on the height of the flagpole, we can project a potential target for the next leg up. Measure the distance from the bottom of the flagpole to the breakout point and add it to the breakout level to estimate the target. Keep an eye on as potential price objectives. ⚠️ Risk Management: As with any trade, it's crucial to manage risk effectively. Consider placing a stop-loss order below the lower trendline of the bull flag or at a level that aligns with your risk tolerance. This way, you can protect your capital in case the pattern fails to play out as expected. Remember to conduct your own analysis and adjust your trading strategy based on your risk profile and market conditions. 📊 Hashtags: #ALTO #BullFlag #WedgeBreakout #TechnicalAnalysis #TradingView Please note that this analysis is based on technical analysis principles and should be used as a starting point for further research. Keep an eye on price action, volume, and any relevant news that could impact the trade. Happy trading! 📈💰 Disclaimer: This is not financial advice. Trading involves risks, and you should only trade with capital you can afford to lose. Always consult with a professional financial advisor before making any investment decisions.
NASDAQ:ALTOLong
by STP_MrNodeItAll
BTBT a crypto miner surging as cryptocurrencies move upBTBT as shown on the 30-minute chart has moved about 20% in the past five trading days as cryptocurrencies get active. More or less, BTBT formed a bull flag pattern and broke out from it is in bullish continuation to form another bull flag. Presently the consolidation of the flag is on the chart but BTBT could break out again. Following BTCUSD, or ETHUSD or even the index CRYPTO10 will likely give an indication of further BTBT price action. The Market Bias may change from gray ( for pullback) back to green to signal the onset of the continuation. The HA candle-based RSI oscillator in the onset of the continuation would show the RSI staying above the 50 lines and the candles go red to green. For me, this will be an entry when observed on the 5-15 minute time frame. I consider this to be a safe trade relative to the profit expectation.
NASDAQ:BTBTLong
by AwesomeAvani
APTOS: Bullish Flag Pattern Detected Continuation to $20!Hello, Traders! Today, I want to share an exciting technical analysis finding on Aptos (APTOS). A bullish flag pattern has been identified, indicating the potential for a continuation of the previous uptrend, with a target of $20. Let's dive into the details! 📈 Ticker: APTOS 📅 Timeframe: Daily Chart 📊 Pattern: Bullish Flag 📉 Understanding the Bullish Flag Pattern: A bullish flag pattern is a continuation pattern that typically forms after a strong upward price movement. It consists of a flagpole (the initial sharp rise) followed by a consolidation phase in the form of a rectangular flag. This pattern suggests that the market is taking a brief pause before resuming the upward momentum. 🔍 Identifying the Bullish Flag on APTOS: Upon analyzing the daily chart of APTOS, the following observations come to light: 1️⃣ Strong Uptrend: APTOS has experienced a notable upward price movement. 2️⃣ Rectangular Flag: A consolidation phase formed with parallel trendlines, resembling a flag, following the initial rally. 3️⃣ Decreasing Volume: The trading volume during the consolidation phase has declined, indicating a potential temporary lull in market activity. 📈 Price Targets and Trading Strategy: If the bullish flag pattern on APTOS plays out as expected, it suggests a potential continuation of the previous uptrend. Consider the following revised price targets: 1️⃣ Target 1: Resistance level near $15.00 2️⃣ Target 2: Potential breakout towards the next resistance level near $18.00 3️⃣ Target 3: Extended move towards the top of the bull flag near $20.00 🛡️ Risk Management: Managing risk is crucial for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower boundary of the flag pattern to protect against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on Aptos (APTOS) as it exhibits a bullish flag pattern, indicating the potential for a continuation of the previous uptrend. The revised price targets suggest potential resistance levels at $15.00, $18.00, and an extended move towards the top of the bull flag at $20.00. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors and fundamental research before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial professional before making investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #bullishflagpattern #APTOS #continuationpattern #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll
1
GANX Biotechnology Penny Stock Uptrending LONGGANX had been in a tight consolidation channel prior to April 12th. This is the uncommon high tight flag pattern. Once breaking out, the typical guidance is the next leg up will be at least the distance of the flagpole portion of the pattern. On April 12th, a new chief financial officer was appointed to Gain Therapeutics. ( see the link below ) This is part of the push to generate earnings while still developing a pipeline and potentially the first profitable FDA-approved product. Another view is the company is trying to clean up its balance sheet and make itself into a takeover target. One way or another I will not argue with a potential path to shift the fundamentals nor with the high tight flag pattern breakout. The last session of the week had a massive wide- ranging engulfing green candle. I will look for more of the same. The final target is $6.15 as the top of the wick of that candle while the first target is $5.80 being the top of the upper VWAP band.
NASDAQ:GANXLong
by AwesomeAvani
ACHV a Biotech company after earningsACHV on the 4H seems to be demonstrating a "High Bull Flag Pattern" after a big uptrend to start the year. Earnings on Thursday 3/16 were quite favorable.On the relative volume indicator Friday, May 17th showed a paradoxical huge selling volume spike to finish out this week. ( I mislabelled this as upcoming on the chart) Paradoxically, the last earnings report in November was poor but resulted in strong upward price action. The MACD histogram is at the zero line. Will ACHV resume the uptrend after earnings? Was the selling volume an institutional trader fake out to set up a lower price to buy call options? According to Tip Ranks, the analysts give ACHV a high rating with significant upside. See the link below Who knows but this may be worth watching for signs of buying volume and accumulation to fuel bullish momentum.
NASDAQ:ACHV
by AwesomeAvani
1
BTC/USDT FORMING BULL FLAG IN LTF!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the FOMC BTC is still hovering around the $30k level. It is forming a bull flag-like structure in 1hr time frame. If it breaks out from this bull flag then we might see another pump up to the HKEX:32 -$32.5k level. Invalidation:- $29.5k If you like this idea then do support it with like and follow. Also. share your views in the comment section. Thank You!
Long
by CoreCrypto1
Bitcoin - Last Stand For The Bears? ⚔️Taking a look at the Bitcoin Daily chart. We're at a crossroads with our precious Bitcoin (and all of crypto). Bitcoin has shown remarkable resilience in the face of some serious FUD (Binance lawsuit + SEC warpath on all of crypto). We’re approaching and beginning to test the zones of Summer ‘22 (blue zone), with most traders weighing the possibility of a push to $30K. If we get a hard rejection at HKEX:30 ,000, a sharp move back down is what we’re eyeing up. Which is that blue demand zone we’ve mapped out. However, if we see a continued push and price consolidation above HKEX:30 ,000, HKEX:32 ,000 would be next in line (bulls would be jacked up). To add to the bullish case, we are currently in a bull flag. These next few weeks will be interesting as both stocks & crypto are approaching key price levels. We've also drawn out a few bullish and bearish zones that could potentially be nice short/long opportunities. If we see a strong push-up towards 31-32K, getting short would look quite enticing. On the flip side, if we see a downward spiral toward the 19-20K area, and even below that, these would be juicy buy & hold prices (at least we think so). As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors. As always, eyes peeled out there team. See ya in the next one.
by QuantVue
6
FET/USDT TRADE SETUP! 50% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this FET/USDT trade setup. FET looks good here. Breaking out from the bull flag-like structure and a retest is also done. Now ready to pump 50-55% from here. Buy some now and add more to the dip. Target1:- $0.3880 Target2:- $0.4210 Target3:- $0.4760 Target4:- $0.5400 SL:- $0.3280 Buy on spot or you can long with low leverage(2x-5x) If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
1
RUNE/USDT LONG SCALP SETUP! 25-30% PUMP EXPECTED!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this RUNE/USDT trade setup. RUNE looks good here. Breaks out from the bull flag-like structure in 4hr time frame and currently retesting it. Also, holding well above the 200ema. Expecting a 25-30% pump from here. Long some here. Target1:- $1,52 Target2:- $1.64 Target3:- $1.75 Target4:- $1.86 SL:- $1.40 Leverage:- 5x-10x If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1