Keeping it simple. There is a bearish engulfing candle on the 1W with a clear invalidation level of 30650
This is a major resistance level including the Microstrategy average purchase and Elon Musk - Tesla 2021 sell price. It is also the yearly low of 2021. This is financial advice.
Gold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to...
KHC has been trading up within this range since the 2020 mania brought it here and I've been waiting for it to form this tentative right shoulder and as of right now after it's given us a Monthly Bearish Engulfing at the 55-Week EMA and the MACD has officially given us yet another level of Bearish Convergence I think we can safely say this looks quite bearish and...
General Mills after an amazing Cup with handle performance is now showing a multitude of Bearish Signs such as a Shortening of the Thrust in conjunction with Bearish Divergence of the MACD and RSI and a Bearish Engulfing candle on the Monthly Chart; this all points towards the probability that General Mills will be seeing some significant downside in the coming...
Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a...
• TSLA hit our target area last Friday, around $177, and it is now triggering a Bearish Engulfing candlestick pattern on the daily chart. I mentioned this target on our previous TSLA analysis – link below this post;
• The problem is that TSLA triggered this Bearish Engulfing under the $177 resistance, and it is back under the 21 ema as well, indicating that TSLA...
USDCAD broke a strong support turned into resistance as well as a daily trendline which were both retested during a pullback and just closed off with a bearish engulfing candle validating our sell positions.
BINANCE:SUSHIUSDT In the 1 Hr TF, we see the bearish Trend starting. The bearish engulfing candle shows on charts that is good sign for down side movement.
Or break the previous H.L more confirmation to down side.
Gold prices dropped almost 2 percent on Thursday, the most since the summer of 2020.
XAU/USD was unable to find follow-through after a boost from the Fed earlier this week. Upbeat US jobless claims brought data into focus ahead of Friday's non-farm payrolls report, pushing up the US Dollar.
A Bearish Engulfing is in focus. Downside follow-through is lacking at...
Hello friends.
I saw a Strong Trendline Breakdown in Gold and Decide to share
with you my opinion.
I think Gold is in Overbought Area and It will record some correction
in coming days.
So i have some reasons for my opinion:
1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below)
2-in Daily chart we can see a Divergence...
Wipro in 4 Hour Timeframe formed Twizzer top pattern & bearish engulfing. If next candle formed bearish then pattern will be confirmed i.e bearish engulfing and you can set 1:1 target.
We can have good option to sell above @372 with Target @360
Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below...
