Flag
ICICI Pruli: Inverted Head and Shoulder pattern on weekly TFStock has made an inverted H&S Pattern on Weekly TF which indicates the bullishness in the stock.
Key resistance levels are still not taken out which requires a closing above 615 level.
Stock may touch its ATH after sustaining above 615 levels.
DISC: Only for educational purposes.
Bitcoin Bull FlagCME:BTC1!
Possible Bull Flag on CRYPTOCAP:BTC
Measured move approx 96400. Could we get a Fakeout as the ignition for this move.
Post Bitcoin Halving ... markets look just as exciting.
Aggressive entry on candlestick currently printing (not closed on D)
Always have Plan A and Plan B and manage Risk.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
It appears that the metaverse & gaming cryptos are waking up. Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line represents th target if the slightly lower top trendline is the more valid top trendline of the channel, and the dotted yellow line represents the breakout target for if the highest of the potential top trendlines of the channel is the more valid one. Often times they both end up being validated. The dotted dark bluish purple trendline is the measured move for when sand breaks above the top horizontal bluish purple neckline which is the neckline of the double bottom pattern its currently printing on the chart. *not financial advice*
Galas next targets If the overall market is done w/ correction This bull flag target and then slightly above that is the double bottom breakout target. Price action seems to already climbing up the measured move line of the double bottom breakout so that’s a good sign that a breakout could get validated soon. Could definitely still correct back below the double bottom neckline once or twice first though if the bitcoin correction isn't over yet. *not financial advice*
Will DXY break Descending Channel at Support?!Here I have the DXY on the 4Hr Chart!
For the past 2 weeks, Price on DXY has been steadily falling!
With our Highs and Lows marked, we can see that Price is outlining what looks to be a Descending Channel!
If price continues to follow down this channel, I suspect that the ( 105.53 - 105.025 ) Support Zone will be the area price will Most Likely find support to push higher!!
What I want to see is Price test the Falling Support of the Descending Channel for a Third Time with a successful bounce ultimately turning this Descending Channel into a Bull Flag Pattern!
-For added confirmation, once the next low is formed, I'd like to see:
1) The low be Equal too OR LOWER than the Second test of the Falling Support
2) A Bullish Divergence to appear on the RSI so underlying direction
Fundamentally to finish the week:
Advanced GDP, Unemployment Claims, Pending Home Sales (Thur)
Core PCE, UoM Consumer Sentiment (Fri)
-Another big fundamental factor to DXY strength will be the results from JPY Policy Rate decision and Core CPI released Thur!
Bonds "Bull Flag" Break Could Accelerate Downside QuicklyI find the position of Bonds very precarious going into this week. I've heard it said that Bonds are are in total "hands off" mode or "anything but bonds" is said right now. Nobody wants them... and if they fall fast it could literally cause a "Bond Crisis." So this is going to be an important watch.
In the shortest time frame I see a potential Leading Diagonal down, which has a very small correction 50% maximum) already started. My stop is above 62% of this tiny decline. If the natural targets of this leading diagonal are hit that points to a very fast move of 3 points to the 123% - which will be a definitive break of the bull flag. And I think that will create the 1st wave of an extended 5th wave which could target 3.6 or 4.6 extensions for the larger 1-2. That would be a fall of 7 or 11 points and basically 5% yield.
...Which could be dubbed a crisis in the short term.
Under Armour Possible Bear FlagA 40% drop in price seems unrealistic, however if this structure is indeed a bear flag (blue), then we could see a new low for the athletic performance apparel company headquartered in Baltimore, Maryland. That low, around the $3.40 range would form a trend line in confluence with previous lows in 2017 and 2020.
Bitcoin Bears Roar: Flagging Down to $52K? 🐻📉📉 Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart
📊 Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside.
💲 Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure.
📉 Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level.
🔍 Invalidation: Invalidation of the bearish scenario would occur if Bitcoin breaks decisively above the upper boundary of the bear flag pattern and establishes a new uptrend.
🛡️ Risk Management: Implementing risk management strategies such as stop-loss orders and position size management is crucial in volatile market conditions.
🔄 Stay Updated: Market conditions can change rapidly, so it's essential to stay updated on price movements and adjust strategies accordingly.
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla.
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Explanation of my video analysis:
In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120.
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Keep your long term vision,
Philip (BasicTrading)
Gold bull flag reviewI posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out calls on this setup youd be up 400-700%. I did not play this setup this time around but have played GLD bull flags in the past and like to use them as a way to get standard investment exposure to the asset with higher upside, this is also more capitally efficient.
-For example a June 21st 2024 call was 300-450$ in that timeframe in March, these are now worth 1320$
-This was my same strategy for OXY longer-term calls
APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024APPLE NASDAQ:AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024
BUY/LONG ZONE (GREEN): $173.50 - $181.50
DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50
SELL/SHORT ZONE (RED): $161.50 - $168.15
Weekly: Bearish
Daily: Bearish
4H: Bearish
NASDAQ:AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts.
Looking at the 4H timeframe NASDAQ:AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend.
Previous targets are still shown and will be linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards.
Several factors are contributing to Bitcoin's resurgence:
• Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes.
• Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains.
• New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines.
• Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors.
Is the Rally Sustainable?
While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally:
• Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin.
• Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects.
• Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy.
Looking Ahead
The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies.
Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.