Hey guys,
I feel the need to give you an update on ZRX.
A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.
You should also use that purple line as a strict stop-loss point,if ...
After a 2 fast falling we saw a little calm at this point.we have a 2 diffrent signal in chart and MACD.First signal is a second bear flag that means falling again and on the other side in MACD we see a oposite signal that means bullish trend.
I think this 2 signal are not oposite and complete each other.I guess this signals means that we will complete bear flag ...
Ladies and Gents,
I'm already holding short positions from previous posts (refer to links below) but will add bigger position if the bear flag triggers.
The strong impulse down leg and consolidation is forming a tight bear flag pattern.
Take profit shown at GREEN line.
Reduced stops shown at RED line.
Lower R/R at just over 1:1, but in my opinion is a high ...
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We are forming a rising wedge Or you can also say a bearish Flag over there but The thing is we are going to test at least 6k. Can drop to 5.4k.
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my previous analysis i posted a small accumulation period with target over 7k. that acumulation period turn out to be inside a bigger BEAR flag. with first target on 5600$
The dump should start around June 22 or 23, we will make a double top near 7 k before falling down.
Alternative variant: brekout 7k we go to 7.4k aprox and stay sideways while altcoins ...
H4 - We are now at the top of the bearish flag. Expecting one more spike up before continuation lower.
M15 - I'd like to see bearish divergence forming as well (on the MAs) before considering sells here.
82.30 is very strong zone. This is where we might expect the price to bounce off and continue lower.
The monthly chart of AUD/USD is currently in downtrend.
It is the process of forming a full Elliot wave.
The correction wave 4 has happened in the formed of bearish flag and it has given a valid breakout.
Hence,we expect the counter to be bearish in the upcoming days.
Not an advice,
Just my own observation. I think this is a bear wedge which will initiate a 1 wave out of a 5 waves sequence downwards.
But hey, anything is possible and this is again not an advice.
price is currently consolidating in a potential flag pattern. i anticipate the Euor to continue to lose value, but before it continues its puch down i believe it will retest this strong trend resistance before it falls back down to test the monthly support. From there i believe price will drop to the 1.10 area, or a minimum of the flag pole.
FIERCE SELLING INTO EVERY RALLY BUT FRIDAY'S RUNUP AT LEAST LEFT A LITTLE GREEN ON THE TABLE
THE REACTION TO RISING WEDGE BO DOWN IS ONGOING, INDEX RESPECTED PRICE TRENDLINE THURSDAY ~24K
EXPECT ANOTHER RALLY ATTEMPT ON 7/02. DON'T EXPECT IT TO GET MUCH ABOVE 24460, THE WEDGE MIDPOINT.
TRADED RIGHT AT MIDPOINT ALL FRIDAY BEFORE DAYTRADER SELLOFF, WHICH WE SEE ...
H1 Chart got a failure breakthrough bottom which was bought back very quickly. But the flag (bearflag) is still aktiv. So we have to take care with our next turns. Maybe a small position for breakout is possible. If u watch H4 the Bearflag is also forming...
As you can see, we need the double volume for the green flag that for the red flag. thats not really bullish.
On the Daily Chart it looks like the next Bearflag is forming. Possible that we will se 6300 Dollar and then leave the flag bottom. Second Scenario is that this is really the bottom, and we can grow from there. But i think we need to go down and come back with a big pullback to get the 6300 and then 6800.
For this Bulltrap the Range would bring us to 5804 Dollar.
As we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion. ...
I've set alerts and pending orders should Bitcoin take another dive down. I've been trailing stops from earlier swing trade positions which are now resting at $6,300.
In line with the current down trend, I'm looking for areas to add to my position.
We can see a bear flag is setting up along the trend line. A break here would likely result in a long red candle ...
The power of trading patterns cannot be under-estimated.
While there will always be a 'story' that follows the triggering of a chart pattern, solely relying on fundamentals to trade is not stacking the odds in your favor.
We can see numerous bearish patterns that have all triggered. Being able to identify the patterns in the making and then executing, allows you ...
