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Analysis: Nasdaq 100 Bullish Flag Breakout TradeAnalysis: Nasdaq 100 Bullish Flag Breakout Trade Based on the bullish flag pattern breakout in Nasdaq 100 and your expectation of more buyers entering the market, i have identified a trade opportunity. With a buy entry at 15129.7, a stop loss at 14626.0, and a take profit at 16694.7, i have defined your risk and reward targets. Here is a breakdown of the analysis for this trade setup: Index: Nasdaq 100 (Ustec100) Entry Price: 15129.7 Stop Loss (SL): 14626.0 Take Profit (TP): 16694.7 Bullish Flag Pattern Breakout: i have observed a bullish flag pattern in the Nasdaq 100 index, which is a continuation pattern indicating a potential upward move following a brief consolidation phase. The breakout from the flag pattern suggests that the bullish momentum is likely to continue, attracting more buyers into the market. Entry Point (15129.7): My chosen entry point is at 15129.7. This entry point should be determined based on my analysis of key support and resistance levels, trend lines, or other technical indicators that confirm the breakout and indicate a favorable entry for the anticipated upward move. Stop Loss (14626.0): To manage risk, i have set a stop loss at 14626.0. This level is placed below a significant support level or a point that, if breached, would invalidate the bullish scenario. The stop loss acts as a safeguard, helping to limit potential losses in case the trade moves against your expectations. Take Profit (16694.7): My take profit level is set at 16694.7. This level represents my target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach a significant target. It's important to note that market conditions can change rapidly, and it's crucial to monitor price action and adjust your trade management accordingly. Additionally, consider fundamental factors, economic data, and news events that may impact the Nasdaq 100 index, as they can influence market sentiment and price movement. Please conduct your own comprehensive analysis and use risk management strategies to protect your trading capital. Following a well-defined trading plan and staying disciplined are vital for successful trading in the financial markets.
OANDA:NAS100USDLong
by Jazzy_Qmolautsi
PRISM Johnson : Breakout Candidate Weekly Chart#prsmjohnsn #flagpattern #breakout Prism Johnson (Weekly) : Breakout Candidate >> Short term (1-3 Months) >> Good Consolidation after a Impulsive Move >> Flag Structure Visible, Breakout will give Good Upmove >> Good Weekly Volumes Spurt >> Good Strength Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:PRSMJOHNSNLong
by moneyfesttrading
BITCOIN Last Time Breakout Divergence#BITCOIN 1hr. Chart Analysis As per present scenario, after reached out $35.9k in last week, CRYPTOCAP:BTC lower support already one of the previous one is $33.3k that was never broke down in previous times to much easily as well not this time too, but its also never break-out $35.2k mark very easy soon and previously many times too. So, its the exact scenario here again in October month end arrival soon, either it breaks their resistance of $35.2k this time, but if rejects from their then may be other chances to try-out for lower-low support of $33.3k again final time too... Lets, see whats the market and whalers mood of October month end, Just wait n watch but, always #DYOR before invessting in Crypto and Trade wisely by using #StopLoss. Also, Follow Me and Share it, Comment it and Like IT....
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by AskToRahulSirohi
Banknifty daily analysis for 27/10/23.Banknifty has been trading below the 200 DMA and for consecutive 3 trading session it has closed in red. Today, the close is below 550 points after testing low of 42100. The trend in the market is bearish and more selling upto 41500 level can be seen in the coming days. On the hourly chart, there was a fall in the first half of the session and consoldiated in a parallel channel in the second. A perfect bearish flag and pole formation is there on 15 minutes chart. Support :- 42000-40, 41500 Resistance :- 42800, 43000 Market has given a break down and now there are big targets in the market. If the market breaks down the parallel channel there can be another sell off breaching another round number levels of 42000. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank nifty Bearish Flag FoundThe bearish flag pattern is a technical analysis pattern used in financial markets, particularly in stock, forex, and cryptocurrency trading. It is a continuation pattern that typically occurs within a downtrend and signals that the price is likely to continue moving lower. The bearish flag pattern is characterized by a sharp, significant price decline (the flagpole) followed by a period of consolidation or sideways movement (the flag) before the price resumes its downward trend. Here's everything you need to know about the bearish flag pattern: 1. **Formation**: The bearish flag pattern consists of two main components: - **Flagpole**: This is the initial steep price drop that precedes the flag pattern. It is a strong and rapid decline in price. - **Flag**: The flag is a rectangular-shaped pattern that forms after the flagpole. It is characterized by price consolidation or sideways movement. During this phase, trading volumes tend to decrease, indicating a pause in the selling pressure. 2. **Duration**: The flag portion of the pattern can last from a few days to a few weeks. The longer the consolidation, the more significant the potential breakout. 3. **Slope of the Flagpole**: The angle of the flagpole is usually sharp and steep. It represents the initial strong selling pressure. 4. **Volume**: While the flag is forming, trading volume tends to decrease. This is a crucial element in the pattern, as it shows a reduction in market interest and a potential energy buildup for the next move. 5. **Breakout**: The bearish flag pattern is confirmed when the price breaks below the lower trendline of the flag, indicating a resumption of the downtrend. This is a signal for traders to consider shorting the asset or taking other bearish positions. 6. **Price Target**: To estimate a price target for the pattern, you can measure the height of the flagpole and extrapolate it downward from the breakout point. This provides a potential target for the price decline. 7. **False Breakouts**: It's important to be cautious of false breakouts. Sometimes, the price may temporarily break above the upper trendline of the flag before reversing. To mitigate this risk, traders often wait for a clear, decisive breakout confirmation. 8. **Risk Management**: As with any trading pattern, it's crucial to have a risk management strategy in place. Use stop-loss orders to limit potential losses and consider the overall market context and other technical indicators for confirmation. 9. **Confirmation**: Many traders use additional technical indicators, such as moving averages or oscillators, to confirm the bearish flag pattern before taking a position. Remember that no trading pattern is foolproof, and trading always carries risk. It's essential to conduct thorough analysis and consider other factors like market news and economic events when making trading decisions. Additionally, practicing on a demo account or using paper trading can help you become more proficient in identifying and trading patterns like the bearish flag.
NSE:BANKNIFTY
by Anand_7