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Pennant

Heartland Express Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Heartland Express Inc. - Double Formation * 12.50 USD | Survey value Area | Subdivision 1 * Retracement 1 | Not Numbered | Subdivision 2 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation * 012345 | Waves Survey Valid * Retracement 2 | 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:HTLDShort
by TradePolitics
EURO - Price can bounce up from support level to $1.0650Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside falling channel, where it fell from resistance line to $1.0765 level. Then price rose to resistance line of channel, making first gap and then making a downward impulse, exiting from channel. Also then, EUR continued to decline inside a downward pennant, where it broke $1.0765 level and later fell to $1.0470 level. Next, price declined to support line of pennant, after which made a second gap and rose to resistance line of pennant, After this, Euro declined to $1.0470 level and some time traded near, but now it trades close support line. Possible, price can fall to support level, exiting from pennant and then bounce up to $1.0650 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Pediatrix Medical Group, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Pediatrix Medical Group, Inc. - Double Formation * 9.50 USD | Uptrend Bias | A+ Settings | Subdivision 1 * Pennant Structure | Survey Valid | Subdivision 2 - Triple Formation * Retracement 1| Bias On hold | Entry Settings | Subdivision 3 * Retracement 2| ((50)) & 0.236)) | Hypothesis * Retracement 3| 0.382)) & 1.618)) | Hypothesis Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:MD
by TradePolitics
Vistra Energy Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vistra Energy Stock Quote - Double Formation * 130.00 USD | Survey Area Valid | Subdivision 1 * (Neckline) | Entry Bias Valid - Triple Formation * Pennant Structure | Uptrend & Continuation At 115.00 USD * Retracement | 0.382)) | Retest | Hypothesis | Subdivision 2 * Daily Time Frame | Valid Area & Entry Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:VSTLong
by TradePolitics
Societe Generale | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Societe Generale - Double Formation * 29.500 EUR | Area Survey | Subdivision 1 * Pennant Structure | Configuration Method Valid - Triple Formation * Retracement 1.618)) | Support | Uptrend Bias | Subdivision 2 * ABC Flat Correction | Hypothesis At 27.450 EUR | Subdivision 3 * Trend | Behaviour & Entry Principle | Daily Time Frame Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:GLE
by TradePolitics
IAG - GBP | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # IAG - GBP - Double Formation * 012345 | Waves Survey Valid | Subdivision 1 * 2.5000 GBP | Pennant Structure Area Of Value - Triple Formation * Retracement 1.618)) | Uptrend Bias | Subdivision 2 * Trend | Daily Time Frame | Configuration * Behavioural Time Settings | Survey Valid | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:IAGLong
by TradePolitics
Rivian Automative Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Rivian Automative Inc. - Double Formation * 25.50 USD | A+ Set Up | Subdivision 1 * 14.50 USD | Retracement Not Numbered - Triple Formation * ABC Flat Correction | Pennant Continuation | Subdivision 2 * Top / Bottom Structure | (Neckline) | Subdivision 3 * Daily Time Frame Configuration Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:RIVNShort
by TradePolitics
Bull flag or pennant at 1000PEPEWhy not? Pepe has been making me happy with intraday trading for the last six months for sure. So why not? On the wave of a good bullish trend and the fall of Bitcoin dominance, you can build a fairly simple, I would say, textbook pattern of a flag or pennant. Let’s take the exit from the sideways trend as the base, the potential take of the pattern is 0.03999. On the daily timeframe, the RSI has not even reached 90 and is very far from a technical break in the trend. I assume the pattern will work.
Long
by MikkaCC
Swiss Franc / Japanese Yen | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Swiss Franc / Japanese Yen - Double Formation * A+ Set Up | Resistance Area At 180.400 JPY * Pattern Confirmation | Entry Bias | Subdivision 1 - Triple Formation * Pennant Structure | Reversed Set Up At 173.380 JPY | Subdivision 2 * Retracement (1) & (0) | Survey Valid * 012345 | Waves Not Numbered | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Short
by TradePolitics
$NASDAQ:QUBT bullish pennant formation NASDAQ:QUBT is showing a bullish pennant formation which started after they released earnings (November). The price target if the pattern completes is ~$16. Entry points: The more conservative entry is above $8 after confirmation of a breakout (relatively higher volume, etc.) Note: Pennants (triangular in shape) can turn into flags (rectangular parallelogram). Both of which are bullish, but the flag can continue downwards making them look like they’re breaking down. All of this to say buying early and setting stops is more tricky. You’ll need to establish a stop based on your own comfort with risk. Good luck!
NASDAQ:QUBTLong
by dzygadlo
Euro can start to fall, thereby exiting from pennant patternHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price declined inside the downward channel, where it fell to the seller zone, which coincided with the resistance level. Then price fell to this level and then rebounded and in a short time rose to 1.0935 points, exiting from the channel and making a first gap. Then Euro turned around and started to decline inside a downward pennant, where it soon broke the 1.0760 level and then tried to back up, but failed and continued to decline. In a short time, the Euro dropped to the 1.0485 level, which coincided with the buyer zone, broke it, and fell to the support line of the pennant. Then it turned around and quickly rose to the resistance line of the pennant pattern, making a second gap and breaking the 1.0485 level one more time. After this, the price turned around and fell from the resistance line to the support level, where it continues to trade very close to this day. In my mind, the Euro can rise to the resistance line of the pennant and then rebound down, thereby exiting from this pattern and breaking the support level. After this movement, I think that the price will continue to decline, so, I set my TP at 1.0350 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Gold can correct and then continue to grow to resistance levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago fell to the support level, which coincided with the buyer zone and started to grow inside a broadening wedge. In this pattern, the price rose to the resistance level, which coincided with the seller zone and even broke it, after which continued to grow to the resistance line of the wedge pattern. After this, Gold made a correction to the seller zone and then in a short time backed up to the resistance line, but soon turned around and started to decline. Gold quickly fell lower the 2720 level, breaking it and also it exiting from a broadening wedge pattern. Then the price continued to fall and later reached the 2605 support level and even broke it too, after which made a retest and continued to fall to 2535 points. Later XAU turned around and started to grow inside the upward pennant, where it in a short time rose to a resistance level, breaking the 2605 support level, but then Gold made a downward impulse. After this, the price fell to the support line, but a not long time ago it exited from the pennant pattern and now continues to grow. In my mind, Gold can make a move down and then continue to rise to the 2720 resistance level. So, that's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
8