Discover and read the best of Twitter Threads about #bullflag
Most recents (5)
$REV-Playout PT 1: Our previously implied #bullflag is playing out like we said. During the after hours today, we came retraced to re-test the 0.618 #fibonacci ratio ($8.27) and have now closed the day at $8.35. This tells us that #rev #stock is respecting market geometry... cont 
$REV-Playout PT 2: Price action is suggesting what we previously mentioned, #rev may want to continue in this phase for some more time and potentially reach the channel top before the next capitulation phase starts... cont
$RDBX-New Formation PT 1: The daily 10 day simple moving average is acting as support from today's run. Confirming support above this average can prove worthy for #rdbx #stock. The real obstacle would be the cross of the daily SMA100 right after... cont
$RDBX-New Formation PT 2: The bottom rectangular support we've had for days is working perfectly and is also helping form our previously implied #bullflag formation. This candle will close in 2 trading days and still within the channel bounds... cont
$RDBX-New Formation PT 3: Daily #RSI indicator is pivoted straight up and about to re-enter the bullish control zone. The moving average seems to have worked as a form of support... cont
$REV-Continuation PT 2: the #bullflag we mentioned in yesterdays TA looks to be playing nicely. We would need to break through the daily SMA200 and confirm support to move to the upside... cont
$REV-Continuation PT 3: I expect a continuation down to the 0.618 #fibonacci ratio ($7.05) to bounce passed the 0.786 ($8.68) to continue onto the 1 fib ($10.75). Confirming support at the $10.75 level can take us to interesting levels... cont
$REV-Continuation PT 4: There is massive confluence @ the 1.618 Golden ratio ($14.65). In order for me to show you exactly how that ratio can be met we'd have to change the perspective of the weekly capitulation phases... Cont
$REV-Macro Perspective PT 1: Let's take note of our macro direction. We can see on the weekly time frame that #rev #stock is playing iterations of capitulation phases. There's still be room to continue the last iteration longer. There's something we should note here... cont
$REV-Macro Perspective PT 2: In each of these iterations we have wicked to new lower low and #rev has used that lower wick as an area of interest and resistance before capitulating again. Our current iteration has made a new lower wick... cont
$REV-Macro Perspective PT 3: The reason we may play the current iteration longer is due to the support marked to the left with a red arrow from back in 2006! This backs our next thread of analysis... cont
THE BULL FLAG PATTERN - an explanatory thread 👇
The #bullflag is one of the best breakout patterns in technical analysis. There are 2 main ways to play the flag. 1. Through the first resistance.
2. Through the top of the flag pole
#tradingpatterns #tradingtips #TRADEPROEdu
The #bullflag is one of the best breakout patterns in technical analysis. There are 2 main ways to play the flag. 1. Through the first resistance.
2. Through the top of the flag pole
#tradingpatterns #tradingtips #TRADEPROEdu
There are 3 typical types of bull flag patterns as shown here.
You always want to consider the break of the prior lower high in the descending and wedging flags.
#TRADEPROEdu
You always want to consider the break of the prior lower high in the descending and wedging flags.
#TRADEPROEdu
Bull flags can be identified on any time frame, they're great for day trading and swing trading. The blue box is the "lower risk entry for the breakout" The break of the green trendline is the first and higher risk entry.
Contd...
#TRADEPROEdu
Swing trade example of $APPS 👇
Contd...
#TRADEPROEdu
Swing trade example of $APPS 👇
