Tesla hitting all time high, pending now to the bearish side.
There was high expectation from the Q4 earnings, that were missed.
MACD overbought, descending
Stochastic overbought, descending
With many analyst targeting the 518 level.
We will se probably a bounce on the trendline.
Dr. Michael J. Burry predicts a heavy fall on the stock price, well, lets see if...
EUR/USD has been in an uptrend since last May.
Previously it had formed a bearish flag that continued the uptrend .
Currently I see another possible bearish flag forming that could once again indicate a big buy that is about to happen.
The price is currently touching the bottom trend line which indicates a reversal to continue the bearish flag, and...
NASDAQ:WKHS Workhorse has had some quite bad news in the last couple of days, including the loss of a $6 billion vehicle contract, offered by UPS to one of WKHS competitors. What could have been a massive push to the company's vehicle orders is now gone. Well almost, because Workhorse management want to meet with UPS to discuss the matter. Though I would be very...
Since my previous post on GBR, we've clearly seen the price breakdown from what appeared like a bullish pennant or potentially a bull flag, but the bearish divergence was/is too strong...
Currently, it appears as though the price is breaking down from a bear flag with a head and shoulders pattern noticeable. I have placed a blue human head and body icon to...
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next.
A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
On the mark, I've illustrated how we had 4 entries on gold which aligned with our trading plan.
As soon as you understand which way the trend is, you can easily find loads of entries. Like my charts? Drop a like!
Gold seems to be making somewhat of a corrective flag. Waiting to see how price reaches 1835 zone and then will short depending on price action. First target would be the 1786..
Gold seems to be making somewhat of a corrective flag. Waiting to see how price reaches 1835 zone and then will short depending on price action. First target would be the 1786..
There are some interesting things shaping up on this chart. We are currently retesting a previous area of support on the hourly which may serve as resistance. If this plays out, then perhaps the bear flag will send us to the 1st target level which sits at the 38% fibs level. Our 2nd target sits at the 50% level while the 3rd is a combination of the 61% and 78%...
CHF has a positive relationship with gold, we are anticipating a large drop in gold which could reflect on the currency, wait for the bear flag to break before sell
All of yesterday, GU was in an impulse phase and towards the end of the day, a bearish flag formed, indicating bearish pattern.
Entered 2 positions and target of 1.37000 which is a 1:3 and 1:6 RR.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
Bearish flag pattern after a strong bearish impulse leg. Look for potential sell opportunities at the upper trendline. Otherwise, wait for a clear breakdown of support zone before taking a SHORT position.
USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel.
The market reached the 0.618 Fibonacci retracements and now testing a support
According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
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![EURUSD: EUR/USD LONG [BEARISH FLAG]](https://s3.tradingview.com/r/RpmNHv6L_mid.png "EUR/USD LONG [BEARISH FLAG]")
