AMH has confirmed 3 Black Crows on the Monthly Timeframe and has cracked below an ascending channel and the 21SMA. I expect that we will get severe follow-through as both the Rental Sector and the Real Estate Industry in general continue their decline into the higher interest rate environment.
Nike is yet to release their earnings but they will be releasing them tomorrow and i'm anticipating that whatever they are will result in a downwards move towards the $65 area; I will be playing this move via Buying of the January and February $80 Puts and Selling the $100 January 20th calls.
## Use:
Bearish Candlestick pattern: May predict reversal of uptrend.
## Identification
1. Open: 2nd and 3rd candle patter should open in/ near the previous candles real body.
2. Close: 2nd and 3rd candlestick pattern should close lower than the previous.
3. Three candle sticks close near / at the lower.
4. Condition: Either top of an uptrend or rally.
##...
We have Bearish Divergence on Both the MACD and RSI along with the 3 Black Crows on the Daily as Confirmation that Dell will likely react negatively to this PCZ.
Similarly to what i spotted on the EURUSD; BCH seems to have formed a 3 Black Crows on the weekly after catching some sells at a previous zone of Support/Resistance.
It has also reached the Measured Move of a bullish diamond breakout and i have taken my profits.
This could be the start of a new downtrend which could take us down to Fibonacci retracement levels...
Awhile ago, we have started to see a M shape starting to form on Top Glove. In textbook, we call it the double top meaning price will reverse back to original level soon.
This link will help you to study about double top, www.finvids.com
But we have no confirmation yet until today 5pm we saw TG closed below RM6.11 key support level also called as the neckline....
Bitcoin Failed to break the most important resistance level at 10000 and dropped 13% after 55 days of the bullish rally. It is highly likely that we see another down lege in the bitcoin price to 6200-7800 consolidation zone soon. What makes it more possible is the appearance of the famous 3 BLACK CROWS in the chart!
Hi friends! Welcome to PoopTrader's bearish forecast for Cardano Bitcoin Futures Contract.
While hype is all around Cardano as the next train to ride, I've been following it for 3 weeks for a good trade set up but sad to say for the bulls, it doesn't look any good right now.
There are a lot of reasons for this as the chart is full of bearish signals.
1) A...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.
Yesterday I talked about a falling wedge forming (see related ideas), which turned out to not be as strong as I thought and I...
