Bearish Pennant

Taking a look at the BTC charts today, Bulls and Bears seem kind of in equilibrium. The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k. We mighty consolidate between this range for a while. This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm. We're at the end of a ...

After creating a big bearish move from the recent highs, Vertcoin has spent last month in the consolidation zone. Meanwhile, the coin has developed a bearish pennant formation. Pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. If the consolidation of the price movement takes place in the form of the channel then ...

Dow index has reached 1.618 Fibo on B-D arm 9/14 when pattern is drawn from closing price tops of candle bodies. A previous idea of mine showed it from top of wicks. This is necromancy, folks. Somewhere in between lies reality. Expect to see that on Monday or perhaps Tuesday next week. Should arrive Thursday at the latest. Target zone for pivot is depicted in ...

On the 4 hour chart, btc is ending a symmetrical triangle which is itself part of a bearish pennant. Last three times this happened, it broke down with force. I do not expect this to be an exception, so I am already on a short position, with a target of around 6100, which is decent for a scalp, specially if you use leverage. Bollinger Bands are really ight right ...

Need to watch BTC very carefully inside this pennant. As we saw just a week ago, ETH broke its pennant and is down to $175 from $300! We have had a 0.618 Fib retrace and 3 consecutive lower highs. Right now we are in a potential bull trap position where a fake out might occur to the upside trapping longs. Bearish move invalidated ( for now ) if close above ...

IOTA is continuing its trip to the downside. The move that started around 0.0002850 has brought the coin all the way to 0.0000790. The coin also pushed through the 127.2% extension support and it has consolidated below that support since the initial break occurred. Moreover, the price action has created a bear pennant that has consolidated the price within a ...

GBPCAD shows a Bearish Pennant Pattern in formation. My bias is that it should fall a little bit further before correcting the current impulsive wave. Entry point: 1.66275 STOP LOSS: 1.67843 TAKE PROFIT 1: 1.65491 TAKE PROFIT 2: 1.64224 TAKE PROFIT 3: 1.62109

https://www.tradingview.com/x/7XPU0RBC/ The hourly chart shows the GBP/USD pair has created a pennant pattern - a bearish continuation pattern, meaning a downside break would open the doors to 1.30 (psychological level). An upside break would abort the immediate bearish outlook. I'm already short on this pair. Sold at 1.32010. If you like this trade idea, ...

Interesting point for ONT we have the lovely falling wedge and within that a bear pennant that can target pretty low (0.0004090 unlikely) each one of these is a whole new beast.

Interesting point for ONT, we have the lovely fallingwedge and within that a bear pennant that can target pretty low (0.0004090 unlikely) each one of theas is a whole new beast.

Fellow traders, here is my updated idea on what the Dow might be in for, given unfolding patterns- although small Elliott 'microwaves' have appeared in the past week, they are chaotic and unreliable; instead we have what looks like a truncated flat contracting 'B' wave in A-B-C Elliott Wave correction; An argument can be made for a minor 1-2-3 impulse over past ...

What im looking for is for it to hit the 0.618 retracement for a break out, retest and off She Blows...

Downtrend will continue. I am seeking buing opportunity at the price around 0.00110 - 0.00100.

Hi all, getting straight into it, seems like BTC has printed a bear flag, unable to make a sharp recovery from that 1500 drop. Technically, the flag can be be as long as the pole, but given the wedging pattern that is forming, converging at the 6500 level, it seems that a breakout (to either side) may occur any time soon. A key indicator to watch would be the ...

Things look really bearish on a macro scale. On the last breakout its now forming a clean pennant.. It could break upward forming a rising wedge or somekind.. Overal, im 95% bear and i dont expect us to go higher then 7500 from this point

Hello friends, It's been a while since my last post; lack of time and an urge to do more research has mainly driven me to take a break from posting ideas on TradingView. I am still in the process of doing more research and study, but I figure posting once in a while couldn't hurt. Since I have become recently very convinced about this, I am outlining a very ...

Looks like a bearish pennant has started to form after a significant bearish move, if the price breaks out the bottom of this pennant then we could see some substantial bearish moves over the coming days and weeks. Keep an eye on this pair and I would keep everyone updated on what is happening over the coming days.

Price is forming a bearish pennant. Stochastic has a bullish cross, DIs are moving in a bullish direction. Kumo twisted belly up but if the price manages to break the topside it test the Kumo. Also, Kijun sen has become support for price and we can see the bulls moved in at that price level leading the wick on the current candle.