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Bullishtriangle

KISS BTC 😘K eep I t S imple S tupid - also in Bitcoin. I've drawn a triangle over the chart in D1 and a bigger triangle in W1. Using only the daily resp. weekly closing prices. And this triangle looks valid to me. I've seen people drawing wedges or flags in the charts but the triangle is a more reliable chart pattern. So it may take a few days in the daily chart or 1-2 weeks in the weekly chart until this formation gets resolved but it will get resolved finally. ;) And yes, it's more likely that symmetric triangles get broken to the upside. I think then we see 75k as the next stop.
BITSTAMP:BTCUSDLong
by p4917
2
EHTH has Broken Out of Bullish Symmetrical TriangleI published the following on January 6th: Bullish symmetrical triangle has formed on EHTH... Looks like it will attempt a breakout soon which would bring some really nice upside. If a breakout occurs I expect price to easily climb back up to $90 and anticipate it could go as high as $120. Based on my fundamental analysis I have a $115 price target for EHTH which is reinforced by the indicated chart pattern.... UPDATE on January 20th..... EHTH has finally broken out of the bull symmetrical triangle and is up over 8% on the day... I expect this run up in price to continue and fully expect to reach price target 1 in the very near future.... It will be important to continue watching price action as we approach target 1 level as we may hit some resistance here, however, if we break through this price target I am confident EHTH price will reach the $110's
NASDAQ:EHTHLong
by LivermoreGrahamDisciple
5
$PFE Missed Our Previous Entry? Now Is Your 2nd Chance To Get InThis is an update for an ongoing $PFE position announced in an earlier post on October 2nd titled "$PFE Expect A Move Towards $41.94". Technical Analysis Currently, $PFE is still respecting the Ascending Triangle chart pattern, where after touching the slope of higher lows at around $35.50 to $36.00, it has flown past our optimal entry level of $36.36 to $36.46 and hit a 1-month high of $38.84 on 20th October 2020. It has since retraced from the highs and closed at $37.49 with a pre-market trading value of $37.66 on 21st October 2020 as of the time that I am writing this post. New Finding 1: I have included a new Slope of Lower Highs based on the Weekly Timeframe as seen in the chart. For those who are baffled as to why there was such a huge rejection after hitting $38.84, this is your answer. If we go back to the 4H chart, we can see that after momentarily breaking the Slope of Lower Highs, there was a huge rejection within the same candle and subsequently closing just below the Slope of Lower Highs. Thus, the rejection was purely a result of a technical move, and not a fundamental problem with the company. In fact, I view this rejection as a very positive bullish indicator because firstly, price is respecting our Ascending Triangle and Symmetrical Triangle very well, which further strengthens our Bullish Bias towards $PFE; and secondly, if $PFE were to continue bulling without the retracement we saw yesterday, it would have brought $PFE's price too high, too fast, creating a 4 Hour Regular Bearish Divergence and false Symmetrical Triangle Breakout. These would have weakened our Bullish Bias towards $PFE, at least from a technical perspective. New Finding 2: Fundamentally, $PFE is still in a very strong position in terms of where it is right now with its COVID-19 vaccine development as well as its first-mover vaccine advantage compared to other companies. We see Pfizer entering into COVID-19 vaccine deals with countries such as New Zealand and Mexico, where they each agreed to acquire 1.5 million and 15.5 million to 34.4 million doses respectively. This is great for Pfizer once their vaccine is approved and produced successfully. We also see 2 high-profile late-stage clinical trial - Eli Lilly's and Johnson & Johnson's test of COVID-19 vaccine coming to a pause due to possible safety concerns, which further strengthens Pfizer's position as a first-mover. New Finding 3: However, I would say that the biggest news that came under my radar would be Pfizer's CEO pushing back COVID-19 vaccine submission to November due to stricter FDA guidelines requiring companies to provide two months' worth of safety data on half of the trial participants following the final dose of any investigational COVID-19 vaccine. I would say that this is one of the best things that the FDA could have ever done for Pfizer because back when Pfizer previously said that it would seek approval by October, there were a lot of distrust, uncertainties, and safety concerns towards a vaccine that was approved and produced so quickly. This could have potentially caused a weaker-than-expected bullish move even if Pfizer managed to get its vaccine approved and produced. However, with a stricter FDA guideline, if Pfizer is still able to get its vaccine approved and produced first in the market, consumers will be more likely and willing to accept usage of their vaccines, leading to a positive bullish catalyst for $PFE. Entries, Price Targets, Stop Losses There are no changes to our price targets and stop losses, so I will not repeat in this post. If you are interested to see what they are in detail, you can refer to my previous post, I have linked it down below in the 'Related Ideas' section. What I want to focus on is the entry. I believe that this pullback has presented itself as a solid price to add a position or even enter a new position if you have missed our previous entry. So, if you would like to enter into $PFE, this is your chance before it breaks the Symmetrical Triangle towards the upside, and subsequently, break the Ascending Triangle. In general, buying in the lower half area of the remaining Symmetrical Triangle would be a great entry. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
NYSE:PFELong
by UnknownUnicorn6361804
$PFE Expect A Move Towards $41.94Technical Analysis Currently, $PFE is respecting an Ascending Triangle chart pattern, where buyers are unable to break the resistance level of $39.00, but has been making a slope of higher lows. As of 1/10/2020 close, the price is resting at $36.37, near the slope of higher lows. Coincidentally, we are also near the end of Wave 4, as the price is currently around 38.2% of the Wave 3 mark. As such, these support a very strong bullish Wave 5 Ascending Triangle continuation theory. Entries, Price Targets, Stop Losses Based on the 1/10/2020 closing price of $36.37, regardless of whether you are averaging your positions or taking a new position, it is currently at a sweet spot for a new entry. Personally, I have also taken a new position at $36.36. I believe that the optimal time for entry is when prices are below $36.46 and at the same time, stays above the slope of higher lows. As for my price target, it is at $41.94, where it lies in a zone of resistance, right between the 5.62 markers and 7.90 markers. Do note that during Wave 3, a price increase of $7.99 was seen, while during Wave 1, a price increase of $11.33 was seen. Since Wave 3 cannot be the shortest of the 3 Impulse Wave, Wave 5 will likely be less than a $7.99 price increase. As long as the price breaks the $39.00 to $39.47 resistance zone towards the upside, I'm positive that the momentum from the breakout will bring the price towards $41.94, minimally reaching the 5.62 markers as established in the chart. I place my initial stop-loss at $33.73, but as the price rise and respect the Ascending Triangle, you should adjust your stop-loss upwards by the same amount as the rise using a trailing stop-loss. This is because while as Ascending Triangle chart pattern usually indicates a bullish breakout, this is not always the case. Sometimes, the resistance zone may be too strong, causing a bearish breakout. As such, a stop-loss below the slope of higher lows should be in place as a precaution. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
NYSE:PFELong
by UnknownUnicorn6361804
1