As you can see on the daily timeframe there is a double top pattern formed. Price already broken below the support with a big bearish engulfing candle. This upwards movement could be only a retracement before further drop in this pair. Price spent several weeks consolidating inside 1.6820-1.6660 area which also looks like a flag pattern to me. Sell EURNZD...
In Daily timeframe, Rising Wedge Already Broken Downside At the Moment, Bitcoin is Consolidating in Bearish Flag. If Flag Broken down too, Expecting Another Bearish Wave towards the Support Area (42k). So Far Bitcoin Looking Horrible so Don't Catch the Falling Knife, We Could See More Downside Move
Good day guys, if you took this gold position, since I posted it, you are in well over 1000pips. If you took it from May 3rd, you should be in profit over 450+ pips or yesterday, you are up 200+ pips. What another push for all the bullish momentum into Gold. We have now reached the trend zone and I placed a sell limit position in at 1832. You know I am all about...
Big crash incoming in few hour for btc similar or even worst then the previous one !
BLOODY SEASON. HIDDENVAULT🐺 IF BTC CLOSES BELOW 50K ....... BUCKLE UP
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE NADAQ INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS...
To much BEARISH SIGNS now ("Shoulder-Head-Shoulder", "Bear flag", "Bearish crossing of EMA 25 and EMA50 on daily basis" and "Shooting/Evening star" in friday session). All roads lead to 55 USD (same constellation like in April/May 2019, look at the historic chart!). And the banks reported: -5430 "Longs" and +13617 "Shorts"!
Bear flag! Shoulder-Head-Shoulder formation! Strong resistance @63.72! And by the way today is friday! The fifth day up in a row? Very unlikely!
Buyers run out of breath! Be prepared for free fall below ~62.65 USD !
Buyers run out of breath! Free Fall can start below ~66.16 USD !
Classical Bear flag ("Bull trap") !
Classical Bear flag ("Bull trap") !
On 30 July 2019 we've seen the same (similar) BEAR FLAG like now! Will history repeat itself?
Like trader ScottBogatin already said, look at the chart, now we are trading in a wide range of about $4-5 per day. Today we opened 63.94 and closed 66.20, that's only $2,26, a fully normal average range. And we've closed the gap! But now we've formed a BEAR FLAG as from the textbook. Maybe it is "BULL TRAP"!? ;-)
Hey guys, I trust you are in good health and enjoying your weekend with your loved ones. An interesting week we had and more interesting weeks ahead, with volatility growing each day as we head into spring 2021. This spring season is extra important, as most developed countries have been vaccinating their people and the expectation is that these economies can...