Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another...
GBP/NZD has just broken out of the corrective structure to the downside, therefore we expect a further continuation to the downside over the next hours/days. Price formed a bearish flag pattern after a big impulsive move to the downside. The technicals of this trade are as follows: Take Profit 1: 1.87247 Take Profit 2: 1.82568 "The definition of insanity is...
This trade might/might not have been forecasted on this channel. Price is currently breaking out of a bear flag pattern and creeping to the downside. My take profit is placed at 0.74640, which is the bottom of the flag pattern. Patience is required as usual, as the market is heavily oversold and buyers might "taunt" us. May the bears be with us!!!
Falling below 7600 caused a massive stop loss hunt and panic in the market , weve had a strong impulsive pattern to 3.1k to 8.3k so far and it makes sense for us to have a correction My next target is 6400 if this trend line breaks down If 6400 holds as support we could bounce back above 7000 to form our B corrective wave
This stock is moving in a downtrend, and the weekly timeframe shows a possible right shoulder forming. A break of the neckline on this weekly timeframe will signal further bearish momentum. On the 1-hour timeframe, price are trickling down as the momentary uptrend has finished and prices are below that ascending trendline, forming a series of lower highs and lower...
Did not break through fib retracement at 180. Possible Bear Flag setup. Will hold spreads for now. Out if it breaks under 177.
I'm watching this the next couple of trading periods to see if it breaks down.
So the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and...
Chart says all. Broke channel on Bear Flag, pumped back up to TL, expect throwover. Textbook example: Ref: Murphy; Technical Analysis of the Financial Markets, Fig 4.10a; "Example of Rising Support Line becoming resistance. After it has been broken to the downside, usually a support TL will function as resistance on subsequent rallies."
The price for the EUR/CHF currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move (bear flag). At the 14400, this trade will be invalidated. The bear...
The EUR/USD currency pair is moving in a descending channel on the 4-hour timeframe, and prices have just broken out of a counter trend (ascending channel) on the 1-hour timeframe. I expect further downside of the pair after a small consolidation (breather/correction/pause) in the form of a bear flag pattern. However note that prices might skip this stage if bears...
Price is currently moving downwards, making a series of impulses, corrections and continuations. Therefore, bear flag patterns are written all over Gold's wall. I will expect to take a short position once prices breakout of the bear flag pattern and target the 1270 price level. If prices can break below the 1280 level and push to the downside, it could be a good...
If the flag is confirmed, look for a sharp drop to the first support at $60.0
The price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should...
Is the trend my friend in MJ? Probably yes, and probably we will go to test again the 33.75 support, so i'm in short @ 33.55 Stop 35.17 for a few days swing. ------------------------------------------------------------------------------------ 90% Accuracy in the last 2 years!! Read my free forex report : bit.ly
Good day Traders Bitcoin price action has been showing exhaustion for the past few days now so not too surprised that we finally corrected. Perfect timing for the tether FUD to act as a catalyst again, although this time things are a bit different it seems. If you recall in October 2018, when Bitfinex lost yet another banking relationship, everyone piled...
Awaiting to enter a short position upon break of bear flag formation. Orders already in just below trend line. Yours truly, CryptO'Reilly