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Bullflagpattern

Classic Bull Flag - Now I go long again!Traders, Though the overall market sentiment obviously still remains extremely bearish, I am now most invested in longs than I ever have been since I started my $10,000 portfolio project. Yesterday, I bought Ethusd at the bottom of its daily wick and today I have picked up some BTCUSD. Thus far, playing against sentiment has worked out handsomely. You'll remember (or maybe you won't unless you follow me elsewhere) I went long at the bottom of the wick on the 13th. Many were crying that this was it. This is the time we got to 14k or lower. I bought. I won. Then again, just before the weekend, I went short. Now, my timing was off on that play. I thought we'd be more bearish during the weekend. We weren't. So, I held longer. Tightened my stops. And was stopped out earlier than my take profit. Which turns out to be okay cuz my TP was actually the 50 day ma and we wouldn't have formed this nice little bull flag here (red arrow) had my TP actually been reached. And now, because support is being held on this nice little bull flag even in the midst of the bears coming back out yesterday again, I am going long. TP yet to be determined but I am thinking somewhere around that 200 day. Best to you and your trades, Stew
INDEX:BTCUSDLong
by stewdamus
CHZ/BTC TRADE SETUP! A NEW ATH INCOMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this CHZ/BTC trade setup. CHZ looks very bullish in the daily time frame. It is breaking out from the bull flag like structure in the daily time frame. Expecting a 150% pump from here. Buy some here and add more in the dip. Entry range:- 1000-1100 sats Target:- 100-150% SL:- 900 sats CHZ is a Fan token and world cup is coming in the month on Nov. so we might see some good rally in many fan tokens. Buying a decent bag of CHZ here and will add more in the dip. 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
10
Bearish Bull FlagsBull flags are found in charts with strong uptrends and are considered continuation patterns. They form when price barely subsides as the oscillators revert downward, such that when the oscillators are ready to move up again, rapid increases in price recur. Below are some bull flags with bearish implications that suggest perhaps more economic pain is to come in the years ahead. 1. Eurodollar Futures (pictured in the chart above and below) Eurodollars are dollar-denominated accounts at foreign banks or overseas branches of American banks. Eurodollar futures lead the Fed Funds Rate. Overnight, the Eurodollar Futures broke out of a months-long consolidation pattern. This has occurred because we are in quadruple witching season. Unfortunately, the scope of this gap up is a bearish sign for risk assets and the economy more generally. If my calculation is correct, this chart suggests that the Federal Reserve must now raise rates to at least 5.5%. 2. Japanese Yen to Gold Ratio This chart shows a 20-year bull flag that formed between the Japanese Yen and gold. Decades of monetary easing have caused a profound weakening of the Japanese Yen. If this logarithmic bull flag plays out fully, it may cost millions of Yen for a single ounce of gold in the years to come. A major problem will occur if its populace begins to believe that it is no longer worth converting their labor into Yen. 3. Overnight Reverse Repurchase Agreements This chart shows what appears to be a bull pennant forming in the amount of securities that the Federal Reserve has sold via overnight reverse repurchase agreements (also known as the "repo facility", technically reverse repo in this context). To put simply, the Federal Reserve has been proliferating its use of the repo facility to try to contain inflation. This chart, which once provided little technical analysis value in the past, now seems to show a bull pennant forming. If a breakout occurs then this could suggest that inflation is continuing to spiral out of control, as they Fed is forced to vacuum more and more dollars out of the system. 4. S&P 500 vs. Nasdaq This chart shows that, after decades of the Nasdaq 100 stocks (QQQ) outperforming the broader market (S&P 500 ETF - SPY), a bull flag is now forming in the chart of their relative performance. If this bull flag pans out and SPY breaks out relative to QQQ, this would be quite bearish, especially since SPY itself is beginning to oscillate down on the higher timeframes. This could mean that as monetary tightening deflates the everything bubble , tech will remain at the forefront of the declines. 5. Commodity Prices This chart plots the Commodity Index Tracking Fund (DBC) relative to the U.S. money supply (M2SL). If commodity inflation was solely due to excessive money printing then commodity prices would generally move in a flat horizontal line relative to the money supply. However, commodity prices are moving up much higher than the money supply, which suggests that other commodity supply issues are more to blame than simply increased money supply. One can only speculate what these extraneous factors may be: War, pandemic shutdowns, deglobalization, climate change, aging and less productive population, etc. What we know for sure is that the Fed is trying to fight this inflation battle solely through monetary tightening. But can the Fed solve these larger-scale inflationary issues through monetary policy? If so, it's hard to envision its success without a major economic downturn. 6. Dollar Index Perhaps the most alarming bull flag with bearish implications is that of the dollar index. The dollar index (DXY) measures the strength of the U.S. dollar relative to certain other currencies. It appears to be forming a bull flag on its yearly chart. Bull flags that form at this high of a timeframe often signal a new supercycle or prolonged period in which the context has changed and will remain changed for years or decades to come. In this case, the context of lower and lower interest rates over the past several decades has ended. As the U.S. economy remains strong relative to much of the rest of the world, and as monetary tightening occurs in the US while less tightening or even loosening occurs in much of the rest of the world, the value of the dollar will continue to climb higher. The implications of this are profound since a highly indebted global economy may not be able to afford to service its dollar-denominated debt if the dollar rapidly strengthens. If this bull flag pans out, it may inevitably lead to a financial crisis. To learn more, you can watch this video about the Dollar Milkshake Theory : www.youtube.com If you've identified any bull flags with bearish implications please share your chart below! Feel free to leave your thoughts in the comments below, as well. If I've made an error in my analysis leave a note below.
G
by SpyMasterTrades
9
RVN/USDT TRADE SETUP! READY FOR A 80% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this RVN/USDT trade setup. RVN looks good here. Breaks out from the bull flag-like structure in a 4hr time frame. Expecting a 70-80% bullish rally from here. Buy some now and add more in the dip. Entry range:- $0.038-$0.034 Target:- 70-80% SL:- $0.036 Use low leverage (2x-4x) 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
6
SIGA to Break Upper Trendline?SIGA has an ascending channel pattern on the daily chart. A closer look at SIGA shows a bull flag formation on the hourly chart. I strongly believe that a break of the flag (on the hourly) will push SIGA above the upper trendline of the ascending channel (on the daily). The measured potential maximum move of the bull flag is approximately 4.18 points and the measured potential maximum move of the ascending channel is approximately 15.90 points. Therefore, the combined potential maximum move approximation is 20.08 points. Therefore, my entry will occur after price breaks and holds level 24. *This is not financial advice. Loved and Blessed, MrALTrades00
NASDAQ:SIGALong
by MrALtrades00
Bull Flag trading Long GoldAll information is on the Chart. Gold chart is found on a descending channel and a Bull Flag has formed. Bull Flags are measured moves. Entry: 1717 Stop: 1700 (Below the Flag) Take Profit: 1800 Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself. Invest safe and Happy trading. As always, appreciate the like, comments and share.
COMEX:GC1!Long
by ppatrading101
Bull Flag trading Long on EurUsdAll in information is on the chart. Chart is on a descending channel and a bull flag has formed. Bull Flags are measured move. Entry: 1.0159 Stop: 1.0065 (Below the Flag) Take Profit: 1.037 Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself. Invest safe and Happy trading. As always, appreciate the like, comments and share.
Long
by ppatrading101
ICICI forming a nice bullflag in Wave 5; Min targer 890ICICI has formed a 1-2-3-4-5 impulse wave from May'20 lows. Note that Wave 2 was 61.8% retracement of wave 1 & wave 4 was 38.2% retracement of wave 3! Also, Wave 3 is way beyond 161.8% of wave 1. Also, while wave 3 broke past the pre-pandemic level, wave 4 quickly tested and bounced back from that level (550). This is a highly bullish sign. Target for wave 5 = Wave 4 low + length of wave 3 (wave 1 length is below wave 3 high) ---- 890 After the post-earnings breakout, stock is forming a nice bull flag. Even if the flag doesnt work, after the gap is filled(765), the stock should fly. As long as stock is above 678, 890 target stays Min target: 890 Stoploss: 678
NSE:ICICIBANKLong
by kvsrinie
Is $CAL ready to push higher?Notes: * Strong up trend * Great earnings * Breaking out of a ~13 month base with higher than average volume * Forming a bull flag Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.2 Relative Strength vs. SP500: 3.32 U/D Ratio: 1.52 Base Depth: 56.68% Distance from breakout buy point: 2.22% Volume 45.81% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of the $27.92 resistance area * Or you can wait for a break above the bull flag * Or if you want a better entry you can look to enter around the 27.8 area * This stock usually has local tops when the price closes around 25.12% above its 50 EMA * Consider selling into strength if the price closes 24.92% to 25.32% (or higher) above its 50 EMA * The last closing price is 11.57% away from its 50 EMA * Historical resistance comes around 29.85 and above that around 33.6 * Be on the lookout around 29.85
NYSE:CALLong
by HaseebKhan_90
EURO-Start of a new bull trend!Hi everyone In my last analysis on EURUSD ,we had a good move down for the market to become healthy( a little bit of liquidity was needed).Now the resumption of the bull trend might be a possibility.For this move we need some more accumulation in the current channel. Resistance level of 1.07$ will hold the price from falling for the next bar as well, then we will have a small move up and then,the 3rd move down will happen and we might see a breakout of the top trend line creating a new high for this week. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo
$FBRT ready to move higher?* Coming up on the right side of its base * Picking up on volume as it ascends in price * Broke out of its inverse H&S pattern earlier and now is in a tight consolidation * Three consecutive pocket pivots * Forming a bull flag Technicals: Ticker: $FBRT Sector: Real Estate - REIT - Mortgage Relative Strength vs. Sector: 6.65 Relative Strength vs. SP500: 5.77 U/D Ratio: 1.91 Base Depth: 34.91% Distance from breakout buy point: -4.67% Volume 21.91% above its 15 day avg. Trade idea: * You can enter now as the price is still consolidating. * Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row. * This shows signs of accumulation which can also be seen in the high U/D ratio value. * Manage risk accordingly
NYSE:FBRTLong
by HaseebKhan_90
Bull Flag Pattern - Everything You Need To Know! 🏳️Hello Traders! This is the first post in my educational series, today we will be talking about Bull Flag's. - I've basically detailed everything that you need to know in the chart so theres not much more to say. - The only crucial things you need to know are... ** A Bull Flag is a bullish consolidation pattern. (Means price is preparing for the next move up) ** Anything beyond a 45* degree angle is no longer bullish and is bearish. ** There is a "Technical Target" associated with a bull flag that tends to be pretty accurate, you can use this to know when to sale. Thats basically it, like i said everything you need to know is detailed in the chart! If you found this helpful please like and follow for more educational topics! Thanks Everyone, best of luck trading!
BITSTAMP:BTCUSD
by natef1