Pennantpattern
6.98R AUDJPY Profit Level 79.201 Pennant Pattern Entry Price 82.420
Profit Level 79.201
Stop Level 82.881
6.98R
USDNOK Pennant Pattern and Pin Bar and EMAUSDNOK Entry Price 8.68647
Measured Move Distance In Chart Below
TSLA - Pennantwatching for the higher low. NAS in a 2 hour right shoulder supported by the 50 SMA - 8 EMA RES
Yearn Finance pennant pattern... A pennant pattern often indicates a strong rally in price 📈. It begins with a strong uptrend which is identified as the flagpole. Afterwards it pulls back into a sort of sideways trend in which the resistance and/or support are not parallel to each other and form a triangle. When the candlesticks reach the tip of the triangle, a strong uptrend ensues 💪.
You can see this happen with Yearn Finance (the flagpole is marked in yellow) (support and resistance marked in blue).
This is definitely one to watch!
DISCLAIMER:
*this is not financial advice, do your own research and due diligence all that stuff*
lol
Have a good day!
BTCUSDT is creating an important triangle 🦐BTCUSDT is creating an important triangle between the weekly structures. The structure is like a bearish pennant, but IF the price will have a breakout from weekly resistance, we can see a retest on 44k, otherwise, if the price will lose the weekly support, we can see a retest on the next weekly support, around 20k.
The best way is to wait for the next move.
Bearish pennant
Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short.
They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The downtrend then continues with another similar-sized fall in price.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.ording to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BTC so bearishA bearish pennant and a death cross? Maybe we get another chance to buy very very cheap. Not sure if I did it right so feedback is welcome. Thanks
BTC Chart AnalysisWe see a Bearish Pennant here and also we see a pattern in the Stochastic RSI that is the same pattern seen before the last big drop. I say we see another big drop here to test the last bottom we had and more than likely see that push through to lower bottoms.
