While it's always possible that this breaks up, the likelihood of a breakdown on this bear flag is high. The intensity of the initial legs down warrant further price action to the downside. I think a better entry can still be had closer to the top of the triangle pattern, somewhere around 4540. Obviously all eyes will be on whether or not 4k holds when it gets...
USD/CHF has formed TWO Bear Flags on the Hourly Chart. The first was smaller, and broken downward where it created a second bear flag. IF we see confirmation of the larger Bear Flag, expect further retracement. RSI is NOT OVERSOLD yet, which gives us room for bearish price movement.
GBP/CAD has developed a large Bear Flag on the hourly chart. On macro scale, GBP/CAD is moving sideways, currently with BEARISH MOMENTUM (look at 4H chart) On hourly chart, we see further bearish movement and recent formation of a large Bear Flag We recently broke below the channel of the flag, and price is currently retesting resistance. Short to next...
Previous trade was a perfect one, took risked some profit with the second 50% position to trail stop for an ever bigger drop but those got hit. Now from the looks of it we might have a bear flag now, but not convinced yet so i am going in with half a position here and will wait for a break of the yellow zone to get in with the second part. Still a chance for a big...
There were a few attempts this weak to break, making a bigger correction but so far each attempt has been rejected. There was a decent inverse H&S that failed to break up, triangles that failed to break up or reach targets. We just had a break up earlier today to 5700 that got pushed back down just as fast again. We have seen these failed attempts before each time...
As I said in my previous btc idea I flly anticipated we would break down from the descending triangle ebar flag which we have...we are inching closer and closer to the drop target with every new 4hr candle...I expect us to hit this price on bitfinex but the premium may remain and if it does that means on exchanges like coinbase it could fall as low as the 4.4k...
First Bear Flag broke below the channel...still valid, shows ~4.5-4.9k the bottom of the pole. Second Bearflag being created, if the channel breaks, BTC is going to $5,387.3 Best of luck.
3 POSSIBLEOUTCOMES: Illustrated in white, orange and pink If you check back my analysis, i've projected GOLD to drop toward the 1130s since it broke a weekly trendline a few months ago. In a longer term, gold has been falling quite fast. It wasn't up until a couple of weeks ago, when the USD took a hit because of tariff sanctions and a few other fundamentals,...
We can see EU making a bearish flag. Price respected a resistance level and formed a bearish engulfing candle after the bounce off of the resistance. Wait for next candle to clse bellow the flag to trade the breakout. Best of luck! Follow my channel for more simple trading strategies Trading Simple International #forex #eurusd #trading #marketstructure...
USD/JPY Short Basis: -Failed to break 113.4 Resistance 4 times -Bear Flag Formation -RSI approaching overbought territory -Elliot Impulse Wave 1-5 Completed -Buy volume decreasing USD/JPY Long Basis: -Go long if and only if upper resistance 113.4 is broken *Trade at your own risk*
A bearish flag has formed and we are waiting for the ruptura for a major Price fall Check the chart and comment below!
AS you can see, QQQ hit a double top, then broke past the neckline, then tries to reach it again to break the resistance, but fails and is bearish. QQQ to make new lows in the near future! QQQ
Things are looking fairly bearish aside from the bear fakeout from the flag. The fakeout only brought us back inside the bearflag though making it still very much in play. Probability still favors a breakdown and it will likely take a rare inverted bart to nullify the bearish momentum and send us upward. One slightly bullish thing at the moment is the green dotted...
Finally some action! So, Bitcoin decided to break out of its bearflag and retest the lower trendline of the triangle. The volume was pretty heavy on this drop with good follow through, indicating more downside. RSI The RSI on the 4 hour is really oversold right now, so I don't think we will break support immediately. We will most likely see some kind of...
H1 - Price is moving inside a bearish flag pattern. If the price breaks and holds below the bottom of this pattern, We may then start looking for sells with more bearish evidences. H4 - If we get this sell setup triggered then the first important level on the way down to pay attention to is the zone between 85.541 – 85.435. Invalidation: If the price moves...
Reasons to short 1. Clear downtrend 2. Symmetrical triangle that broke down decisively 3. Current consolidation forming a bearish flag 4. Risk reward is pretty good
H4 - Bearish Convergence. Currently it looks like a correction is happening. H1 - Price is moving inside a bearish flag pattern. If the price breaks and holds below the bottom of this pattern, we may then start looking for sells with bearish evidences. Invalidation: If the price breaks and holds above the top of this bearish flag pattern then this setup will...
Discover another Bearish Bat Pattern within the flag pattern on M15, so what will you do by having that information? What's your trade plan?