Bearish Flags are a form of Range chart patterns and they are a repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close...
GBPAUD Testing 3rd Touch Before a drop , I m waiting for SELL in Upcoming days for longer Terms atleast test the Bottom around 1.44000
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
- Price is in a solid downtrend
- Broken down out of a bear flag
- JSE:SAP
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Bear Flag is a Ranges style chart pattern that is a repeatable trading chart pattern.
Bear Flags are a consolidation chart pattern that has a bearish directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart...
After the drop from last week, price is now pulling back creating a bearish flag for another potential drop. If price impulse past the previous high, that would invalidate the sell set up...
Bear Flags are a form of Ranges which are repeatable trading chart patterns.
Bear Flags are a bearish consolidation chart patterns that can breakout in the short direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside...
Look under the twin arrows at the Doji how they pierce TL then reject- four times now.
In downtrend along upper edge of triangle pennant; flagpole bottom half ~ equal to upper in these patterns.
Just an idea; trade at your own risk; GLTA!
Hi Beautiful peopleeee!!
Looking at the Daily Bitcoin chart, you can see a big bear with us here. I would say the army bears!. My reasons are:
1. BTC did break out from descending triangle and now become a big descending channel. Someone may think BTC is building a Falling wadge, but I do not think so because both MACD and RSI is building descending channel as...
Hi everyone,
Welcome to another update on Bitcoin where today we examine the bearish scenario.
The bearish scenario I am seeing has a $6,800 level target, with the following confluences:
1- Target of weekly bear flag
2- 78.6% fib retrace from ATH to bearmarket low
3- 50 Weekly Moving average
4- Historical (2 year) S/R line with significant VPVR
Best way to...
Lets see how confluence works:
EOSUSDT trend is bearish on D and 12H. On 4H we are having some kind of bounce or consolidation bear flag. We know this channel is going to broke downwards, at least the market in general push bulls and invalidate TA. If nothing extraordinary happens, this is going to be a continuation pattern.
I see two possibilities:
1.- Channel...
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