EURJPY higher bearish expected
OANDA:EURJPY price break zone, under zone we have BEARISH PENNANT (white doted) which looks breaked, from here higher bearish expectations having.
SUP zone: 183.400
RES zone: 181.500, 180.700
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$BTC Bearish Pennant Or Higher Low Breakout?₿itcoin continues to struggle to reclaim the 9DEMA.
Is this a bearish pennant that will trap bulls?
Or will these higher lows lead to a violent breakout to the upside?
If PA can start trading within the POI above the .618 Fib then there’s a chance for a nice relief rally going into Christmas. Gut says it might breakthrough on the 5th attempt.
Confirmation will be CRYPTOCAP:BTC closing above the 50MA and 50% Gann level.
GBPCAD new bearish push expecting
OANDA:GBPCAD price break zone, currently in BEARISH PENNANT, after todays BOC event here for expect bearish push
SUP zone: 1.85800
RES zone: 1.84200, 1.83800
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XAUUSD Bearish Pennant Breakdown | Retest in Play – 3090 TargetGold (XAUUSD) has been in a corrective phase after reaching the resistance zone around 3370–3420 USD, where the price was previously rejected with strong selling pressure. Over the past sessions, price action has developed into a Bearish Pennant pattern, typically seen as a continuation pattern in a downtrend.
Following a sharp drop from the highs, the price consolidated between converging trendlines, creating lower highs and higher lows. This structure resembles a pennant or triangle formation, which traders often interpret as a pause before the next leg down.
🔍 Key Technical Features:
1. Resistance Zone (3370–3420 USD):
Strong institutional selling observed here.
Multiple rejections confirm this zone as a significant supply area.
This area also serves as a risk management reference point for stop-loss placement.
2. Support Zone (3210–3230 USD):
The price bounced multiple times from this level, making it a key demand area.
A clean break below this zone would confirm bearish continuation.
3. Trendline Resistance:
A descending trendline has been respected consistently since May 8.
Price recently retested this trendline after a minor pullback, aligning with the bearish pennant structure.
4. Bearish Pennant Pattern:
Forms after a strong downward impulse.
The consolidation is narrowing within converging trendlines.
A breakdown with high volume typically leads to a continuation of the prior trend.
5. Breakout & Retest:
Price has already broken below the pennant's lower boundary.
The current move is a retest of the broken trendline—a classic setup for entering a short position upon rejection.
🎯 Bearish Target Projection:
The measured move from the pole of the pennant suggests a target around 3090 USD.
This level is derived by taking the height of the initial drop before the pennant and projecting it downward from the breakout point.
🛑 Stop Loss Strategy:
A conservative stop loss can be placed just above the 3370 USD resistance zone.
Alternatively, a tighter stop could be placed slightly above the trendline (~3240–3250) for aggressive entries, though this increases the risk of a false breakout.
✅ Trading Plan Summary:
Aspect Level / Detail
Entry Zone After retest & rejection (near 3230–3240 USD)
Target 3090 USD
Stop Loss Above 3370 USD
Risk-Reward Approx. 1:3 or higher
Pattern Type Bearish Pennant
🧠 Final Thoughts:
This is a textbook bearish continuation setup with strong confluences:
Trendline resistance
Bearish pennant formation
Breakdown with retest
Clear resistance and support zones for managing risk
If momentum sustains to the downside after the retest, we could see a swift drop toward 3090 USD, offering a favorable shorting opportunity for swing and intraday traders alike.
Always confirm with volume and candlestick confirmation before execution. Stay updated with fundamental drivers such as CPI, PPI, or FOMC comments, which can inject volatility.
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The Bearish Pennant – A powerful continuation pattern!The Bearish Pennant is a classic continuation pattern that signals the market is likely to resume its downtrend after a short consolidation. It consists of two key components:
🔻 The Flagpole – A strong, impulsive move downward, indicating high selling pressure.
🔻 The Pennant – A brief consolidation with lower highs and higher lows, forming a small symmetrical triangle. This represents a temporary pause before the next leg down.
How to trade it?
1- Identify a sharp downward move (the flagpole).
2- Wait for price consolidation within the pennant.
3- A breakout below the pennant’s lower trendline confirms continuation.
4- Target = The length of the flagpole projected downward from the breakout point.
Why does this happen?
After a strong downward move, some traders take profits, causing consolidation. However, when sellers regain control, the trend resumes with force, leading to another leg down.
⚠️ Pro Tip: Look for increasing volume on the breakdown to confirm the move!
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Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
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Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
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$NATH to Play with Macro Tops & Bottoms, Falling to $70 by AprilNASDAQ:NATH
Nathan's Famous has completed an Elliott Wave Motive Phase, and now enters the Corrective Phase. With the stock having no existing stiff resistance level at ~91.25, the stock is going to return to it's comfort zone in the $70's.
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GBPJPY new bearish for new week
GBPJPY strong bearish we are can see, currently for this week still having bearish expectations.
BEARISH PENNANT pattern is visible, price is make few bounces on zone 194.800, which will take for good sign, to we have good strucutre.
SUP zone: ~195.200
RES zone: 190.700, 190.000
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#2 Danger BTC is falling Bearish Outlook and Macro Perspective
As in my previous remarks, I signaled an unstable #100k level, which has developed into a failure even to touch this mark. This reflects a loosening in bullish momentum, as many holders and investors are now taking profits. It's important to remember that there are also long-term holders (over 5 years) who experienced losses of up to #77% since November 2021. These holders might now be exiting their positions, adding selling pressure to the market.
Moreover, with speculation surrounding Trump's actions post-20 January next year, it’s wise to approach the market cautiously and avoid wild bets. There are still lagging opportunities in other sectors. For example, Cardano (ADA) recently posted #38% gains in two weeks, highlighting alternative investments that are catching up to the current crypto bull run.
Bitcoin Analysis: Bearish Outlook and Short-Term Targets
Position Details:
Current Sell Entry: #97k
Target: #90k
Market Structure Overview:
The price action is respecting a rising wedge pattern, which is generally a bearish continuation pattern. The breakdown seen near the current price (~#94k) aligns with your bearish outlook.
Bearish Confirmation:
RSI: The RSI has fallen below neutral (currently #34.06), signaling weakening momentum.
MACD: The MACD histogram shows growing bearish momentum (red bars) alongside a bearish crossover.
Volume Flow Index (VFI):
The VFI at #20 suggests moderate capital flow into the market, but not sufficient to sustain bullish trends.
Short-Term Target: #90k
The primary target remains #90k, supported by:
The wedge breakdown projection aligning with this level.
Historical support zones evident on the chart.
December Scenario: Potential Retest or Breakout
Heading into December, two possible scenarios are likely:
Scenario A: Retest as a Double Top
A rebound could take the price back to #97k or higher, potentially forming a double top. Rejection here would confirm continued bearish pressure.
Scenario B: Breakout to #100k-#102k
If bullish momentum unexpectedly revives, a breakout to #100k-#102k could occur. However, this would likely represent a false breakout, followed by a deeper decline.
Technical Outlook:
Key Resistance Levels:
#96k (current zone of interest).
#100k-#102k (psychological resistance and possible retest zone).
Key Support Levels:
#90k (primary target).
#85k (potential deeper breakdown area).
Conclusion:
The current analysis reinforces a bearish short-term outlook, with a sell position targeting #90k. December may bring increased volatility with a possible retest at #97k or a breakout to #100k-#102k before the downward trend resumes. This cautious approach is underscored by macro factors such as profit-taking from long-term holders and alternative opportunities, like Cardano’s recent #38% gains, still lagging the broader crypto bull run. Stay vigilant with key levels and monitor confirmation signals from RSI and MACD.
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Bearish Continuation with Potential Reversal!OANDA:XAUUSD
4H Chart
Current Price: 2563.200
Descending Channel:
A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally.
Bearish Continuation Pennant:
A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price continues lower, with sellers in control. A breakout to the downside confirms the continuation of the bearish trend.
RSI Bullish Divergence:
RSI Bullish Divergence occurs when the price forms lower lows, but the Relative Strength Index (RSI) forms higher lows. This indicates a weakening downtrend and suggests that the bearish momentum is slowing, potentially signaling a reversal to the upside.
Key Levels:
• Strong Pivot: 2578.125
• Ultimate Support: 2500.00
• Major Resistance: 2656.379
Outlook:
After analysing, we can see that the price has been rejected multiple times from Strong Pivot at 2578.125, and has formed a Bearish Continuation pattern. Since the RSI is below the 50 line, it is still considered bearish territory, so the price is most likely to drop to the Ultimate Support (psychological level). Then, we expect the RSI Bullish Divergence to show its effect and push the price back to the Strong Pivot (2578.125). After a breakout of this level, we expect the price to reach the Major Resistance at 2656.379.
Happy Trading
Bearish Pennant on EUR/GBP @ D1This chart shows a bearish pennant on the daily chart of the EUR/GBP currency pair. It can be used as a trend continuation pattern in case of the price closing below the lower border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.83861), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.82562), it is placed at the pole's length below the SL. I will wait for the price to close significantly below the lower border of the pennant area to execute a trade here.
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Bearish Pennant Pattern and Support Breakout in MDTUSDT CoinAnalysis:
Chart Pattern: MDT/USDT is showing a Bearish Pennant pattern below the support level, indicating potential for further downward movement.
Support Breakout: The coin has broken below a key support level, suggesting increased selling pressure.
Target Price: Estimate target prices based on the height of the pennant.
Cautionary Note:
Be careful, as trading cryptocurrencies involves significant risks. Ensure to assess your financial situation and investment goals before making any decisions.
Stop-Loss: Set a stop-loss slightly above the pennant's upper boundary to manage risk.
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Sell ETHUSDT Bearish PennantThe ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to decline.
Target Levels:
2764: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point.
2692: This is a further extension of the downside target, based on roughly twice the height of the flagpole.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 3040. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
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Bitcoin Bears Roar: Flagging Down to $52K? 🐻📉📉 Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart
📊 Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside.
💲 Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure.
📉 Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level.
🔍 Invalidation: Invalidation of the bearish scenario would occur if Bitcoin breaks decisively above the upper boundary of the bear flag pattern and establishes a new uptrend.
🛡️ Risk Management: Implementing risk management strategies such as stop-loss orders and position size management is crucial in volatile market conditions.
🔄 Stay Updated: Market conditions can change rapidly, so it's essential to stay updated on price movements and adjust strategies accordingly.
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📉 Bitcoin's Bear Pennant Breakout: Measured Move to $59200 withAbstract:
🐻 Bitcoin is poised to break from a 4-hour bear pennant pattern, signaling a potential move to the $59200 area. 📈 This analysis explores the implications of this breakout, which aligns with the Shibunacci indicator, offering additional confirmation. 🔄
Introduction:
Bitcoin's imminent breakout from a 4-hour bear pennant suggests a shift in market dynamics. 📉 Traders are anticipating a measured move towards the $59200 region, reinforced by confluence with the Shibunacci indicator. 🔍
Bear Pennant Breakout:
The bear pennant formation on the 4-hour chart indicates a period of consolidation followed by a potential downward continuation. 📉 Bitcoin's price action within this pattern sets the stage for a decisive breakout, with implications for future price movements. 📊
Measured Move Target:
Applying the measured move technique to the bear pennant's height suggests a target around the $59200 area. 🎯 This level serves as a focal point for traders monitoring Bitcoin's price trajectory, offering potential entry and exit opportunities. 💰
Shibunacci Indicator Confluence:
The alignment of the breakout target with the Shibunacci indicator adds further conviction to the bullish thesis. 🔍 Traders utilizing this indicator may find additional confirmation of Bitcoin's upward potential, enhancing their trading decisions. 💡
Conclusion:
Bitcoin's impending breakout from the 4-hour bear pennant pattern, with a measured move target to the $59200 area, presents opportunities for traders. 🚀 The confluence with the Shibunacci indicator reinforces the bullish outlook, providing a comprehensive perspective for informed trading strategies. 📈
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Ascending Triangle or Bearish Pennant for Ethereum....It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant....
ideally we want to see the old resistance turn into new support, I do not expect that to happen.
A re-test of the upward sloping support of the pattern is like to occur.
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating.
My targets regarding Eth wil be 400$-700$.
i will buy it from there.
If you like my idea kindly like it and follow me
Thank You
Regards Hamza Shabir
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$HE Bearish Pennant w sub 10 targetNovice bulls, with no prior posting history, appear discontent as my puts/shorts are up 200%. Hawaiian Electric's bonds have been junked, and power wasn't cut during fires. Tread carefully in buying this dip.
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BTCUSDT up or down ???Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again .
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DYOR !!!
BTC UPDATE! DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new BTC update. BTC is currently trading around the $30.2k level.
As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today.
If this pattern plays out accordingly, then we see a dump up to the FWB:29K level from here.
Invalidation:- If the hourly candle closes above $30.5k then this bearish pattern will be invalidated.
What do you think about this?
Do you also think that we see a dump from here or do you think that we pump from here?
Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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Bitcoin price action update : Bearish pennantThis is another update about the bitcoin as the price action has been developing in another consolidation factor. During the development of the price action, we also see that the price is now forming another bearish scenario as the liquidation factor involved in this analysis.
