FX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community. This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important...
Support and Resistance boundaries are emerging for this consolidation pattern.
V, bear flag forming on the daily chart. plus looks like a Head and Shoulders pattern forming which is a bearish pattern. Visa has earnings this week.
GBPNZD on the daily chart is creating a bear flag. The price has tested the 0.382 Fibonacci with a spike and according to Plancton's strategy if the market will break the support trendline we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside. Entry Possibilities for a Bull Flag are: At...
SILVER on the daily chart broke the retracement channel. The market tested the 0.618 level below the resistance structure and currently is trading above a support area. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
We have a Bear Flag here and within that Bear Flag we have a Dark Cloud Cover on the daily signaling that Bearish Continuation is more likely. I will be interested to see if the RSI can break below the 50 line as the downtrend continues. My Take Profit Target will be between the 0.786 and 0.886 retraces below.
Supported by the .382 of the 64.9-28.8K retracement zone; this is the classic bear flag look. The red line is the eight period exponential moving average (8 being a fib number) and the blue line as the the 50 period simple moving average. The Bollinger Bands are based on a 20 period median with 2 standard deviations as the upper (UBB) and lower (LBB) boundaries.
Price found a second Pivot at the Diamond Break Target .618. Currently supported by the 4 hour LBB.
Bear flag formed. Targets to 37k. I plan to hold short to 37k as that seems like the most obvious place for a decent bounce.
We are under support and the RSI is under 50 and looks to be ready to go down lower i think we will see $200-$180 again.
I will be getting the monthly put options at strike 24 dollars from here in anticipation of a bearflag breakout as i think btc and riot will see the 200 week moving average again.
Could go lower 37k-43k before we shoot to 65k then to 100k…
A bear flag is forming on Bitcoin. The $43700 support is a strong one, so were consolidating a bit to eventually go down even further. I'm sure we'll see $42000 but I'm expecting that we go even lower.
Despite all the fundamental things - my technical look on silver keeps still being bearish. IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver. Otherwise, it's IMO more likely that silver will...
I was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness. I think that this "Double Bottom" Has potential to trap...
BTC continues consolidation in a channel with Lower Highs in controlled descent.