Entry price: 199-201$ Target price: 186-189$ Bollinger bands: the price approached the upper boundary RSI: bearish regular divergence, therefore, the price retracement is likely to occur Stochastic: the asset is overbought Candle pattern: bearish engulfing Conclusions: All indicators suggest trend reversal in the near future. Thus, the short position is...
NZDCHF has formed a significant bearish engulfing on the daily time frame Entry at the 50% retracement level has been perfectly rejected 3 times. The bearish engulfing candle engulfed 5 previous candles. The daily time frame bearish engulfing candle closed Wednesday. SL set above engulfing candle high. TP set at 3X risk.
Hello traders, this is an idea for USDJPY. Nice double top on the 4 hour time frame. Two possible scenarios. 1. Price could retest and go long to form a nice head and shoulders and then retest neckline (111.200) and go short from there. 2. Price can breakthrough 111.200 and retest 111.000 and then go short from there. If you agree, give this chart a like and...
Hey guys, Based on the chart price is in a good situation for opening sell positions on XAUUSD. But let's go deeper on our reasons and see what's on the chart: 1. Price is in a downtrend ( Bearish ) 2. A correction have happened --> price reached to 0.618 Fibonacci and dropped ( Bearish ) 3. Bearish Engulfing Candlestick ( Bearish ) 4. Currently price is in an...
I think Shiba will bullishly reverse at the PCZ of Bullish ABCD but as of now i will like to try to enter before it potentially completes the rest of the wave. Stoploss above the bearish engulfing candle of this potential double top.
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.
This Real estate ETF looks like it's ready to rollover on the weekly timeframe due to it bearishly engulfing, being at a 1.272 fib extension, and the RSI trendline being broken after reaching overbought. I will either be looking to buy puts in VNQ tomorrow or i will be looking to purchase shares of the 3x Ultra Short Real Estate ETF $DRV
We have bearish divergence on momentum and rsi at an important fib lvl after breaking the trend and bearishly engulfing on the weekly
Hey guys, As you asked about GRTUSDT, We can say that the price is currently on a support area(However it is not a major) and we have different scenarios for it: 1. Breaking the support area: it would be possible for price to drop till 0.5 2. Rejection happening: At this situation the next target would be 1.1...
It's not completely hopeless for the bulls yet but from the looks of things on the charts it seems way more likely that BTC will see 12.5K again rather than it seeing all time highs anytime soon. The Weekly Bearish Engulfing makes the perfect rejection signal at this Pattern Completion Zone. I think we just spotted the trend reversal.
Whales started dumping their bags, we know what it means. What is yesterdays 10000 dollar candle? Sell signal, of course! For everything there is an appointed time, and an appropriate time for every activity on earth. A time to be buy, and a time to sell ! I give you three targets, are you ready for ~10k bitcoin again?
Taking TP at 1.36730 and wait for the next breakout
Many of the payment processors and banks i look at seems to have some sort of indication that it will be going down soon Visa is just one of many. Today will be the closing of the month for VISA and many others and like many others Visa will be bearishly engulfing on the monthly and breaking down a rising wedge.
Hello traders, Daily timeframe analysis: bearish confluence ✓ 1) shooting star reversal candle. 2) bearish engulfing candle on the following candle which confirms the initial reversal candle. 3) top of the rising wedge. September is probably going to be red, as it aligns with the rising wedge and recent price action with the candle stick patterns. Stay safe,...
If 47k does not hold as support 45k will be the next target.
Hello traders, Here's the fully developed technical analysis I've put together after the last 36 hours of going sideways in the overbought zone. Stoch rsi (momentum oscillator) is finally starting to point down after confirming a bearish engulfing candle on the 3 hour timeframe. 3 doji's with the most recent candle looking ready to increase sell pressure at...
MLPL Bearish Engulfing Candlestick (Weekly Chart)
the bitcoin is in bearish price channel and now is in the strong support zone it also forms the head and shoulders pattern we can take long position in it and take loss limit below the support zone and take profit in the top line of the channel or save profit in it and move your stop loss in previous ceiling.