From the looks of it AXS would like to see one more bounce before it resumes it's Bearish Trend. I suspect close to a 50% Retrace of the Prior Highs before an Ultimate Reversal back to the downside. For now the trade is Bullish and Profit Taking Targets range from 80 dollars to just over 100 dollars.
We have what seems to be a Lower Low Double Bottom at the PCZ of a Bullish Shark Pattern with a bunch of RSI Bullish Divergence that if it plays out will take us up to around a minimum of $50
It is a bearish wave pattern >>> shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX
A Bearish 5-0 Pattern if you are waiting for a shorting opportunity like I do. In this trading setup, I will not be taking further targets. What I love about this setup is that the 5-0 Pattern has an exact price, rather than a zone.
It depends on the way that you read the candlestick chart, the Bullish Shark Pattern may have formed. If so, if you have plans of trend trading, you can wait for the market to retrace back to 0.7109 and engage the shorting opportunity through 5-0 Pattern.
A retracement to prepare for the formation of a bearish gartley at higher prices, or a continuation down. Time will tell.
Here's how I do see the BTC chart, I saw three patterns in its chart: 1. Shark 2. Dragon 3. 5-0 And I believe are all going to happen
Just Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards...
I prefer low and planned profits to high profits but unplanned
👰🏻♀️ The Most Dangerous Of All Creation An 18 + VXN Stacks On Stacks Of Indicator Convergence Women Don't Lie Men Don't Listen Pluto 🛰️ Hndrxx 👩🏻🎤 d-MR96nBa 🌌 🍹 CBOE:VXN
Hello traders. I see 5-0 pattern and quasimodo pattern on BTCUSD M15 chart. It could be a confirmation for ascension.
We have a 1hr Bearish Butterfly at the PCZ of a Potential Bearish 5-0 on the macro timeframe with Bearish Divergence. This maybe the last test of this level before making truly lower lows check the related Ideas tab for more details on the macro.
Asianpaint has shark on 3hour and gartely on daily timeframe. Perfect 5-o Pattern . Looks like forming future BAT.3178 would be 5o Target.
From the looks of things we should see prices at least peak below the 40k level and at worst see this be the beginning of something much more bearish.
1st TP - 38.2% of BC 2nd TP - 50% of BC Short position may entry at 50% of BC "TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
I'm also thankful for the futures market staying open and allowing for the first bearish continuation to occur on the weekly timeframe in about 20 months. This could get really interesting if this happens on Thanksgiving (when nobody suspects it). Might want to keep an eye on this regardless of which way you lean. -Thankspigging CME_MINI:NQ1! NASDAQ:NDX ...
SOL/ETH has a potential ABCD BAMM which looks more likely to playout now that we have a nice looking Bullish 5-0 formation at the highs with a decent amount of Hidden Bullish Divergence. This may lead to us rallying up to and above the B point of our ABCD which by then we should have a clear runup to the D point at the 2.618 Fibonacci extension.