Coinciding with the release of the Fed July Notes, risk off is the move so far today. This flag was composed of two smaller flags.
We could see a retrace down to 42400 upon bearishly breaking this consolidation.
NAS is attempting to recover the larger wedge with a back test. Resistance a the 2 hour 8 EMA with the MBB and 50 SMA above in parallels. Fed notes at 2 PM EST; watching for compressed range until then.
The twin flag break to 20% of the target resulted in the original flag achieving 100% of it's target.
PLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
We will probably see a move down to around 26 cents to attempt to test that as support and if 26 cents breaks and fails to be support then we will go much lower than that.
AUDUSD on the 4h chart has recently break the bear flag, The price after the test of the 0.618 Fibonacci level is breaking below the weekly support. According to Plancton's strategy if the market will satisfy the Academy condition we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
NZDCAD on the 4h chart has broke as expected the ascending channel. The price is now moving in a bear flag and according to Plancton's strategy if the market will break below we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡...
BTC is forming a BEAR FLAG where I have highlighted in white. This suggests a move LOWER in price. The trend is BELOW the RED SUPER TREND RESISTANCE LINE and also BELOW the YELLOW 200 MA RESISTANCE LINE. This indicates a BEARISH forecast as long as the trend stays BELOW these RESISTANCE LINES.
The pattern is clean. We are currently forming a bear flag. The declining volume suggests that there is an imminent move. The bear flag can be a really powerful pattern and someone who's able to spot it and then trade it can make some money Bear flag Statistics: Break-even failure rate: 2% in a bull market; 0% in a bear market Average decline: 16% in a bull...
In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line. A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME...
Daily reject again by the 20 EMA, lower high. No breakout on the RSI trendline. 1H looks like a bear flag rejected between 0.5 and 0.618 Fibonacci levels with a potential measured moved target of ~30200$. Targets lines up with Fibonacci extension 1.618. We could be forming some sort of bullish cypher but it is still in development on the daily.
This seems like a very likely scenario on the 30-minute chart. Let's see how it plays out!
BTC here showing us a Bear Flag as well as a number of other bearish patterns. Bitcoin has been ignoring clear bearish patterns for the past couple of days, I don't expect this to continue. I would not be surprised by a breakdown before the third rise to the top. Invalidated if there is a strong break above 36.5k. If we see this, a bullish scenario will take place.
Hi everyone, Thank you for considering reading my idea. Here, we may be forming a bear flag. If we break down today or in a few hours, the target could be at 20.7K. We may still bounce to the upside and break down later. The target could be at 23K. Let's see how this will play out. Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
Here is a perspective from the 2hr. Bear flag almost at its peak. Look to enter this Ina short position if you wanna take the ride back down to 53 imo.
So I'm still watching for this discount. Hopefully after this Elon diversion we can get back on track to the discount and buy some more Doge. I'm looking for the dip to happen now around .26... Look to get some support around .22 before going any lower. Doge is trying to regain some strength off these bitcoin bounces. Let's hope for the worst because we need the...