As in my previous post, this is still the formation of a bearflag, this however is the image with the wedge updated as of now.
We see a flag break, which means more continuation to the downside. Don't miss the train!
Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown. Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. Our previous analysis went perfectly accurate. We told you to open a long position when BTC was at $18k and pumped to the $20.8k level from there. Hope you guys make good money. Now, BTC is forming a bearish flag-like pattern in 1hr time...
Hello Birdies, So all the moon boys were rekt I guess :) But yeah we nailed it to the wick the figures which we gave in the last idea hit to the decimal. So where we are heading now? Let get to the chart. The previous support(by fib channel) is now acting as resistance the redline and fib 0.786 is giving support for now. We may see a little retracement upto...
A weekly chart on BTCUSD filtering out the noise. Clearly you can see the difference between first touch and bull flag (descending channel) followed by breakout to test ATH before touching 33k and now forming bear flag (ascending channel). This is a sign of upcoming downwave in BTC in the upcoming months if the price action breaks out of the channel downwards. ...
As you can see BAND just printed a bearish flag in a 4h time frame chart. Taking in to account the current market situation i think that we can expect a retest of the lower trend line of the flag. That is too a retest of the 55 4h exponential moving average and the retest of a strong broken support. I will open a short position at 1.428$ with stop loss at 1.56$...
Currently, EMA21 appears as resistance in the 4-hour timeframe. The Bear Flag formation we are in also carries the targets further down. However, although the positive dissonance in the Relative Strength Index correlation gives us hope, the trend formed for the RSI is a harbinger of probing the lower band within the channel. Also, another negative indicator is...
Hello and welcome to this analysis on Bank Nifty The steep gap down on Monday breached a very crucial support zone of 33800-34000. Post the gap down we saw attempts of recovery which appear more sideways with a very minor higher low higher high bias. The structure appears to be making a Bearish Flag with the prior decline as the Pole. We can see a squeeze...
Bearish - "Momentum theory" indicator turning red - Rejected major support / resistance - Bear flag formation - Price broke down upward trend line - Head and shoulder pattern
Pair: BTC/USDT Pattern: Bearish Flag Strategy: Breakout
#ADA/USDT $ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame. 🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone. 🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
Head and shoulder + bear flag WHEN a support is tested multiple times, time after time, it gets weaker and is more prone to be broken down and now bulls are trapped. Many liquidations of bulls are on the verge on happening. Not a financial advice. DOYR.
What we see here is a classic bearish flag on the 4-hour chart of the GBP/AUD currency pair (Great Britain pound vs. Australian dollar). It offers a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 1.71831 ). My potential stop-loss level is...
I think we go up to 33k then 30k again, then 34k then 30k again, then we dump to 22 to 24k and that will be the bottom. Massive falling wedge
Interesting patterns forming on the Renko. Rising wedge breakdown with a retest the 8th of Feb. Bearish flag invalidated at a break of the .5 fib at 50,000. Support building up with a series of higher lows.
USDCAD Monthly chart exposes some weakness in the pair, as we have made a bear flag rejecting the old 'fair price' this and rising oil prices, should lead to a move to the downside in USDCAD in the following months.
I like this formation on BTC- Looks to me like a big old BEAR FLAG ready to break some hearts I'm going short. -Rejected from resistance at 30766 -Volume dropping Entry - off next bearish engulfing Profit - measure move down to around 28600 Stop - above prev structure