The yields within the bond market are hinting towards a reversal in Gold and potentially other metals today, however, Gold right now is sitting at the HOP level of a Bearish Alt-Bat. If GLD were to reverse here, we would see it as a type 2 return which could result in Bearish price-Action beyond just the intra week but extended to the entire macro trend as a...
There is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the...
EURUSD has reversed from the HOP level of a Bearish Alternate Bat after having earlier went beyond the standard PCZ, and now the EURUSD is back below the PCZ and breaking down on a much more significant timeframe both in terms of Price Action and PPO.
I think that things should continue as expected and that it will go for $1.035 and then go for the bigger targets...
Walmart has formed a Rising Wedge into the PCZ of a Bearish Alternate Bat, and as it's made its way to the PCZ, the PPO has given us both a Bearish Confrimation Circle and 3 Falling Peaks. If this plays out, I think WMT could easily see $130, but there is room for it to go down to as low as $90.
When comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time...
Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are...
There is a potential 3 Falling Peaks Pattern with Hidden Bearish Divergence visible on the Monthly Timeframe and if it plays out we could see the USD dump down to around the 0.886 retrace at 0.95CAD.
Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within.
If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give...
Right now we can clearly see that Gold has Double topped at the PCZ of a Multi-Year-Alternate-Bat Pattern and also formed a small Deep Gartley at the PCZ of the Alt-Bat which ended up forming a Clear Double Top at the 1.13 Extension.
Now after a Notable Decline Gold has retraced back to the Moving Averages which happen to align with what we would see as the...
We have a Bullish 3 Line Strike at the PCZ of a Bearish Alt-Bat on this Bullish ETF for US Crude Oil and are showing Bearish Divergence after taking out the Price-Action of more than 3 of the previous Bullish Days with one Bearish Day this signals to me that the major Bearish reversal is about to begin.
On a side note the MACD has crossed Bearishly.
We have Multiple Instances of Bearish Divergence on both the MAC and RSI at the PCZ of a Bearish Alternate Bat and at Price Level Resistance I expect to see a significant Bearish pullback from here.
BAT has been good but i think it's time for it to cool down and perhaps make a 78.6% retracement.
We have a Bearish AB=CD and a Bearish Alternate Bat Pattern at a confluence zone between the 1.13 and 1.272 Fibonacci extensions and Bearish Divergence on the RSI with the reciprocal downward target pointing towards the 78.6% retracement from low to high.
We have a volume spike at the PCZ of a Bearish Alternate Bat pattern on the weekly and i will be looking to fade this move by buying the 17 DC 21 25 PUTS here.
Hello,
Pattern : Bearish Alternate Bat
Stock : NSE:NIFTY
Time Frame : Weekly
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
Back again with some more technical analysis. This time on what I believe to be an Alternate Bat on the EURCHF 4hr. I will be keeping my eye on this one over the next week.
