The AUD is forming a Bearflag against the NZD on the Daily as the RSI cracks below the Mid-Line, if it plays out we could see the bottom half of the range soon.
It also should be noted that the NZD has outperformed a lot of big currencies recently such as the CAD and USD so it would be somewhat expected for the AUD to underperform against it.
Price is retesting the broken support. We have here several bearish patterns (see my previous post lines below) and the stock need much more for a come back. It might try to break the resistance but I don't think is going to make it. If my puts expire out of the money I'll buy more and try again.
EURUSD is currently navigating a weaker bullish trend on the weekly chart, adding an interesting layer to the market dynamics.
On the daily chart, a bearish flag pattern setup unfolds, creating an intriguing scenario. Furthermore, the 1-hourly chart reveals a bullish bat pattern, while the 4-hourly chart showcases a bearish bat pattern.
In the week ahead, I'm...
Many cryptos are testing the breakout up from a bear flag right now (gala, mana, qnt to name a few). Many of these bear flags flag is also a descending channel. Their flags seem most valid on a weekly chart…I just took a look today at solana and sure enough it also formed a bear flag with a descending channel for a flag, but it is already way further along in its...
We can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very...
Price is testing the broken support now resistance of the bearish flag. I have puts as described. I think the next week is goin to be red. We could have a fake out of the resistance, opportunity to buy more puts.
This week, GBPAUD introduces an element of confusion into the FX market.
On the Daily Chart, two opposing trading setups vie for attention. There's the Bearish Flag Pattern, offering a shorting opportunity, yet simultaneously, a Type2 Bullish Fib3 Bat Pattern emerges. With the right filter, one can discern which trading setup is likely to be the more profitable...
The overall setup for EURUSD leans towards a Weaker Bullish stance. However, given the impact of Friday's NFP Candle, I anticipate a series of correction moves in the upcoming week. Therefore, I'll be ready to execute whichever trading strategy emerges.
Potential Strategies:
Daily Chart - Bearish Flag Pattern:
The Potential Bearish Flag Pattern is...
Simon Property Group is going to close the month below a Bear Flag as the RSI breaks down and the MACD crosses bearishly.
If this Bear Flag plays out, it will begin to push SPG below the B point of this potential harmonic BAMM, which would only complete once SPG reaches the 0.886 at around the $47.30 level. SPG is simply yet another REITs play that I will be on...
Primary Chart: Weekly Candle Chart of ETH/USD with Competing Flag Scenarios
Longer-Term Analysis
BITSTAMP:ETHUSD has been largely in a trading range since making its low in June 2022. Yes, some of the moves within that range have been quite substantial. The move off the June 2022 low to the early August 2022 high was about +130.59% higher. The next leg...
Gujarat Narmada Valley Fertilizers & Chemicals Limited
Key highlights: 💡⚡
📈 On 1week Time Frame Stock Showing Reversal of Bearish Flag Pattern.
📈 It can give movement upto the Reversal Final target of Below 562-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below...
I'm buying puts here expiring 11/03 strike 120. I think is going down very hard by the end of this week and the next one. Usually bearish flags push the price down very fast and on top of that we have a double top. You may want to close almost all your positing before earnings on the 11/01.
The Russell 2000 has broken down from a Bear Flag that is visible on the monthly timeframe; at the same time, the RSI is breaking below trend and the MACD has flipped Bearish. If this goes like last time, it will result in a deep bearish retrace, perhaps all the way down to the $70s or even the $50s. One thing to keep in mind is that the Russell is heavily linked...
Make it or break it moment is right here.
40k+ breaks channel or 9k if failure here. Just like the old-school game of pong, once that ball bounces at the top and doesn't break whatever it touched, it goes in the other direction. Bitcoin doesn't break up here, it breaks down to Goblin-town aka bottom of channel in blue.
USDCAD is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
This is a classic bear flag and trendline rejection on the daily.
There is no floor for AMZN buyers to keep the price up here.
Next floor and support is the white TL.
We also saw NASDAQ:AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov...
GBPNZD is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
