Bearish Flag

Hi guys, I am happy that my previous prediction played out very well. This is how I see where price is going from here onward. There is an obvious downtrend for BTC. By matching this period trend with previous period trend, we have to drop by about 9.35%. That is my target. If this target is achieved, we can confirm a descending triangle. Then we will see a retest ...

EURUSD is on its bearish turn, having Bearish Gartley form on daily chart and Head and Shoulders on the 4-hourly chart, right now on the 1 hourly it is on a bearish flag formation. An alternative to my opportunity to engage the trade could be waiting for a bearish harmonic pattern formation to engage the trade within the red eclipse. This Wednesday, 23 Jan 2019, ...

We can see a basic bearish wedge/flag here, with volume dropping during this rally. Also against a big resistance zone now. So i am going to short it here and will increase if the wedge breaks and prob increase if the low breaks as well. This position is something i will prob keep for several months.

XRP made a big strong rally to the high of a big resistance. Because of this conviction there is a reasonable chance to form a big inverse H&S. But we would need to see a good solid correction/consolidation from the current levels. On the right we can see a channel, if that breaks we can assume the green support will get tested again. If that happens there is a ...

The symmetrical triangle has been growing more and more predominant with each day candle and now seems to be the most valid of the current possibilities. The symmetrical triangle itself is a continuation pattern coming off of a recent downtrend so it favors the downside. However, also still currently valid is a diamond bottom pattern(in purple) which usually favor ...

BTCUSD is situated into a bearflag which means probably will be another breakdown with a target of 3449$. This bearflag can be in play at the moment because this is a standard setup: MACD and RSI are going up when price remain stable or decreasing and stochastic is overbought.

This is a good opportunity to short EUR/NZD We will set first target at neckline of H&S IF NECKLINE SUPPORT BREAKS: -Expect retest of neckline as resistance, and then continue trend downward.

USDCAD reversed from Weekly ascending channel's resistance (yellow channel) around 1.3665 last days of 2018 and had 6 days of aggressive selling It is consolidating for last 6 days 4 of last 6 candles were very weak bullish candles and couldn't go above on last bearish candle so the selling pressure is still high there are 2 options to trade this setup : 1) ...

Platinum price is currently in a serious downtrend, and the pattern traders are having such a feast. If you can't beat them, join them.

The targets of the previous analysis have been "reached", but the movement is probably still not over yet. Even though we have dropped quite a bit already since the 4250 high of the weekend. There is simply just no panic selling or any high volume to be seen yet. Only at the break of the 3800 support (where price had found some support several times) caused some ...

On the left we can see a solid bear flag with a breakout AND a successful rejection from the former support. However, when we zoom in on the right, we can see there might be something else going on here. We have a small H&S which seems to be failing already with a good bounce up already. If that red zone breaks it could be a first sign. If the red on the left ...

In the previous analysis i described 3 scenario's, which covered almost every possibility from that point on, but still the market chose the road that did was different than these three ;). Anyway, we had that higher low with the small bounce up to 3400ish again, but after the bulls lost momentum i gave a small warning about testing the lows again. So the first ...

So the previous analysis has been quite perfect so far. As the general waves lately as well, it's just so great we have our volatility back again. Anyway, the big ABC correction i mentioned a while back is still in play which means this whole move could be the start of another impulse wave down. For that to happen we have to stay below the 4100/4050, simple as ...

Friday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that ...

A double bottom gives counter trend trader an opportunity to long the market up, the overall trend is still bias on the bearish move with ECB President Mario Draghi speech yesterday, promotes a weaker EURO. Have shorted this trade in addition to a great Reward:Risk. If you like to have the exact entry, stops and target just subscribe to us for just $200. ...

Hopefully everyone enjoyed the weekend! A few days ago I posted about being cautious as we sat up in the mid $3600's after the initial bear break. To me it was likely just a bear flag and we were waiting for our next leg down. We finally got that and bottomed down at $3482 yesterday. Bulls have bounced up towards $3550 here but thus far a rather unimpressive ...

bear flag under the broken TL

Hi Trading Team! I'm glad to share todays update analysis on Bitcoin with you. We're going to focus on the H4 time frame because it really allows us to see how much consolidation occured prior to this most recent bearish shift happening. Now that we have started the momentum shift and effectively broken out of the bear flag, it seems more likely now to expect ...