Some Recent 15m price action analysis with Bearish Three-Drives Pattern. I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100, and the Downtrend Line in place from...
- After almost 1 whole year of trading inside a descending triangle we finally broke out to the downside and hit the 3000$ target with near perfection.
- Now we can see on the chart above Bitcoin could potential form a new descending triangle.
- After a weak correction to the upper side we topped out at 4245$, we formed a bullish pattern...
1 hour, 2 hour, 4 hour charts shown, 3 different indexes to confirm overall decreasing volume. I put $ES1! there as a "control" comparison
-Decreasing volume ever since hitting this price point (red rectangle zone)
1. Extremely likely we pullback Monday/Tuesday, Short term target ~$6400...
While ETH has seen a couple relief rallies in the past week, it doesn't appear to be enough to combat the selling pressure and the lack of buyers in this market.
Even with this most recent pump ETH couldn't muster enough buying volume to break out of this downtrend, and instead seems to have posted another lower high for a large descending triangle that can be...
GBPNZD is forming HARMONIC PATTERN - BEARISH SHARK on H1 Chart with Overbought ratios
and it's expected to reverse,
and Hence we'll be shorting GBPNZD with these preferences,
GBPNZD - SELL NOW
STOP LOSS - 1.94672
TARGET1 - 1.92368
TARGET2 - 1.91389
More updates will be posted under this thread,
have any doubts? then, let us know in the comment...
here on the Brent OIL we have a Bearish AB=CD pattern. it is an 886 "C" point of the retrace of AB and it is a BC Projection of 1.13 and the ABC extension is completed nearly on top of the BC projection as it should! we shall see what happens!
Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M
and at the moment Initial expectation is Hawkish for CAD (future updates will be posted)
currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart
price is not that Overbought but according to H1 Chart it is slightly Overbought
and hence this trade...
Looking at our highest timeframe we see price has broke it’s uptrend from March back in May. Price has since been in a bear market, stochastic rsi showing momentum continuing towards the downside. Expecting a drop towards 575 if we do not hold at this level.
Looking at our highest timeframe we see price has been in an aggressive downtrend since forming our all-time high back in March of 2017. Stochastic RSI showing momentum continuing towards the downside, price making it’s way towards our last major support if we do not hold at this level expect a drop towards 2750000...
This chart of the Dow Jones Inustrial Average does not bode well for the shot term future. Fact that it has dipped below its 50 day average , and the low close bar of February 8th continues to signal that this market wants to push further down. I don't want to be the doom and gloom guy, I just read it like I see it. Expect more bearish price action in the coming days.