Cardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern...
Microsoft has traded up to a 1.618 Fibonacci Extension and has formed a Bearish Crab with Double MACD Bearish Divergence, so long as $350 holds as resistance, I think it could go as low as about $295 to fill the gap below. In the meantime, I have sold $350 multi-week calls.
American Express has broken below the Lead-In trend line and looks to be confirming a lower high below the breakdown zone, all at the PCZ of a Bearish Crab on the Weekly Timeframe. If we get the desired performance from this we should see AXP go down about 30-60% from the current levels.
🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart....
📉 After a week of waiting, the market has finally retested my preferred entry price for a short position on the Bearish Crab Pattern(daily chart), which complements the Bearish Shark Pattern(weekly chart) at the 88.50 level. Check out the link article in the TradingView post for a refresher on last week's discussion. 💼 Trading is all about minimizing initial...
There is no Bearish Divergence or anything at this level, but I have a pretty good feeling that GBP will be Bearish against both the CAD and the JPY in the near future, so I think this Bearish Crab has a good chance of playing out.
I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the...
My long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits. If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could...
If you have been following me for sometime, you would know that I've my bias in looking to long the US Dollar. At this moment, there isn't such opportunity, but multiple shorting opportunity presents itself, in this moment, the bearish crab pattern, retest on the 4-hourly chart. I will take the trade once the market has show the confirmation and will treat it as...
On the right, the Bearish Crab Pattern on the daily chart is going to form at 105.29. Like you, I did have the impulse to buy it up and short it down, but that couldn't be the way. At the minimum, the strategy has to be tested. If you have that thought, you could wait for buying opportunity on the lower timeframe. I'm waiting for the retest of the trendline on...
If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc... I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself. What I'm seeing right now, saddens me more than the crashes; the market is going...
The Bearish Shark Pattern has been completed on the Daily Chart (right), but it will be crazy to trade off the Shark Pattern on the Daily Chart. A better way is to engage it off the 1-hourly chart(left) using the Bearish Crab Pattern at HOP at retest with an RSI Divergence. Hooooooo! It's a mouthful, but that's what I need to engage the trade. Even if it sounds...
NZDCAD has formed a classic bearish crab. I expect price to drop to 0.84900 area. Stops above 0.8576, Use proper money management.
Based on my high-timeframe (HTF) analysis, there is a prevailing bearish order flow on the AUDUSD pair over the past 16 days. However, during the last six four-hour (H4) candles, the price has moved in an upward direction towards yesterday's high of 0.67659, where sellers have established their contract through hidden price rejection. Furthermore, based on my...
BTCUSD Weekly overview (Ichimoku (Tenkan Sen- Kijun Sen), LSMA, Chaikin Money Flow, Scott Carney's Crab, Head and Shoulders' pullback) Market remains bearish.
USOIL is sitting just below the 800EMA at the PCZ of a Bearish Crab with massive amounts of MACD Bearish Divergence; if this plays out we could eventually see some Bear Flag action to take us down to around $70 or even below $70
EURUSD is on a Bullish Trend. However, I am waiting for a counter-trend trading approach. I've two ways of engaging the trade. The first way is to wait for candlestick confirmation and take the trade based on the Weekly Chart's Key Resistance Level in combination with a Bearish Crab Patterns trading setup, a more aggressive approach is to wait for a break and...
The Overall Trend of EURUSD is a Bullish Trend. There are a couple of ways you can engage in this trade. Wait for market retest at 5-0Pattern at 1.0515 for a buying opportunity or a shorting opportunity at 1.0581 by using the Type2 Bearish Shark Pattern as a counter-trend trade that could form a combo trade with EURUSD Bearish Crab Pattern on the Daily Chart.