Overextended stock, ready for correction Overall market is weak, the is not that much buyers Weak fundamentals Head & shoulders pattern Just under MAs = bearish
Looking to short GJ for about 150 pips and risking about 25 pips for the small risk big reward. BC leg had a deep pullback closer to the 88.6% level which is why I am waiting to take this trade at the 1.618% fib ext level (top of the green box), setting a SL at 26 pips, and looking to capture a minimum of 50 pips and a maximum of 127 pips. If you want to be...
I regularly regret not to create enough scalp short set-up, let's go with #Eos then. Current Price= 3.816 Sell Entry= 3.849 - 3.939 Take Profit= 3.673 | 3.481 | 3.284 Stop Loss= 4.078 Risk/Reward= 1:1.2 | 1:2.51 | 1:2.76 Expected Profit= +17.04% | +31.83% | +47.01% Possible Loss= -14.19% Fib. Retracement= 0.236 | 0.5 | 0.786 Margin Leverage= 3x Estimated...
After last night's drop BTC found good support at the S1 Pivot Point coinciding with the 100 EMA (orange Line). We are currently trying to re-test the 50 EMA (yellow line) but if we fail to rally above, we may continue down to our next support area of S2 Pivot Point, which is fairly close to what would be the target area of the head and shoulders breakdown...
Trade with the preferred levels, According to my analysis nifty will fall until its peak break two red lines are strong resistance level & two black lines are Potential reversal zone PRZ aggressive traders can enter now, with break of second red line with heavy volume as your stop loss adjust your position with the preferred levels with your risk management safe...
Hi Community, Still learning this fascinating world here! Question to you all: do you see a bearish triangle or a double bottom? What I see: Price touched support two times, and RSI is above 50 However, the triangle is quite evident at the bottom of a downtrend. I guess in these cases, you just have to wait and see, right? Comments and feedback are...
THE RISING WEDGE IS A BEARISH PATTERN. BEARISH PRICE TARGET WOULD BE AROUND THE $14800. THE MOST LIKELY SCENARIO. BULLISH PRICE TARGET WOULD BE AROUND THE $17800. BUT AT THIS POINT IT WOULD BE SO BULLISH THAT WE COULD GO ALL THE WAY TO THE PREVIOUS ATH AND MAYBE EVEN MAKE A NEW ATH.
THIS PATTERN IS BEARISH, ONLY IF WE BREAK THE BOTTOM LINE. AS LONG AS THIS LINE IS NOT BRROKEN, THE PATTTERN IS NOT VALID.
BEARISH PATTERN ON 30 MIN CHART PRICE TARGERT AROUND $14800.
#Monero went up after breaking out of the bullish flag and made a nice run, now seems a good time for a small retracement. I think it could go down to wedge support or even lower, back to parallel channel if breaks it. If does so fast enough, I believe we'd rather look for a bullish continuation afterwards! Current Price= 135.44 Buy Entry= 135.16 - 137.46 Take...
The price of fcpo has been fall more than 300 points in the distribution event from the supply zone. The psychology level of 2800 has been breach as well & a reciprocal harmonic Head & Shoulder identified. We might witness some volatility of price action in 2700 level in the event of defending the neckline area. A violation of the neckline could potential...
Hello, Pattern : Bearish Shark Stock : NSE:NIFTY Time Frame : 2 Hour. Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it. Note : This chart is only for study and reference purpose.
S&P 500 E-Mini Futures is forming rising wedge like patterns which is a bearish sign. If the below trendline of the Wedge pattern breaks, then you might consider it may go down.
Tezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it. Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend! Current Price= 2.169 Sell Entry= 2.192 - 2.242 Take Profit= 2.132 | 2.080 | 2.008 Stop Loss= 2.302 Risk/Reward= 1:1 | 1:1.61 | 1:2.46 Expected Profit= +15.32% |...
The chart above illustrates what could potentially take place on NZDJPY over the next few days or weeks. To the left we see the most recent reversal pattern which formed at the Daily support and resistance zone. Wait for a similar pattern to form before entering a sell. Once price does not break above this zone and we get a reversal pattern I would confidently...
Bearish bat formation on SPX. Once the D point has confirmed I will be looking to open a short & setting stop loss as shown.
1) Price broken neckline 2) Price at a major zone 3) double top rejection - potential rejection 4) need to wait for a retest towards neckline with clear rejection off 5) Price moving in a bearish pattern towards the major zone
Bitcoin is facing strong resistance right now and is showing some clear bearish pattern. I'm expecting price to continue the downtrend towards channel support if doesn't break back upwards. Current Price= 9435.00 Sell Entry= 9400.00 - 9498.00 Take Profit= 9044.64 | 8706.24 | 8379.50 Stop Loss= 9612.50 Risk/Reward= 1:2.58 | 1:4.54 | 1:6.54 Expected Profit= 64.20%...