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From informedtrades.com Typically seen after a big move in one direction in a particular financial instrument, flags and pennants represent brief consolidations or pauses in the market before a ...
It is all about building a competitive advantage, and stock chart price patterns can help you reach that goal. Stock chart patterns such as flags or pennants are not always correct.
We believe the completed Pennant/Flag Apex, highlighted in Light Green on the Crude Oil Futures chart below, represents a technical pattern suggesting a new price trend is pending. The recent ...
Flags are flying in stock market charts, and they're warning that last week's indecision will be decisively broken shortly by either the bulls or the bears. The flag pattern (also called a pennant ...
Trading the Pennant and Flag pattern From blog.hycmlab.com According to Thomas Bulkowski, one of the most profitable technical patterns is the high and tight flag, breaking higher. According to ...
From a trading perspective, the Bull Pennant on Bitcoin’s 4-hour chart presents several opportunities and risks. If BTC breaks above the $69,000 resistance level with strong volume, traders could see ...
XRP breaks out of a “pennant” on the weekly chart, hinting at 40% gains to $3.20. Several positive developments and increasing open futures open interest signal XRP’s ability to break out of ...
"If you look at the four-hour chart, the bull flag appears as a parallel channel," he said. "In my mind, this makes the pattern very clear." "Simply put, the recent consolidation in BTC is a pause ...