I believe we are likely in some consolidation before the next leg down. This could easily make it to the twenties before any support stops it. Make your own trades and good luck!
Tesla is not out of the woods yet. There is still a death-cross and what appears to be a bear pennant on the chart.
Just a beginner trader putting an idea on the chart. The targets of both indicators is more or less the value of the last fund. This is not an investment tip!
We was supposed to post this idea yesterday when Gold was still around 1717, we did our analysis and with our fractals lined up perfectly, we were able to see the bearish pennant even without trend lines. In our previous idea, we talked about Gold's Head and Shoulder pattern, it has completed a shoulder and it's still trying to form a bottom for it's head, it...
Hi every one TRON/USDT The TRX/USDT has formed a bearish pennant which means there is a higher chance that the price decrease rather than increase! we shall wait and see if the downward breakout will happen or not. Thank you for seeing idea . Have a nice day and Good luck.
Colpal has bearish pennant on hourly timeframe. Target on chart...
Petronet has bearish pennant on hourly timeframe. Target on chart...
GBR has created lower highs on the RSI since Oct 2018 but the price has continued higher until the blow-off top in late June 2020. The RSI looks like it's trading in a Descending Channel. The KST has seen multiple bearish crosses since Dec 2018 and continued lowers highs indicating momentum is fading. Noticeably the price has broken flush to the downside of a...
This long-term bearish pennant on the weekly chart of EUR/NZD provides a bearish breakout trading setup. The pennant and its pole are marked with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. A short trade can be entered once a week closes well below the pennant's lower border.
This bearish pennant formation on the daily chart of the EUR/AUD currency pairs presents a bearish breakout trading setup. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. I will wait for a close well below the pennant area before...
bear pennant in the process of forming. i am guessing we see $20-ish before a move back up.
Bearish Pennant on GBPJPY target should be the same size in pips as the pole. I set my target a bit shorter though. As always use good risk management, do not overleverage.
$SPY $AAPL $QQQ -- $TSLA is showing a very clear Bearish Pennant Continuation pattern on the 15 min chart. Will likely have another dump tomorrow ;)
(this is not financial advice.
Currently in a 1day chart bear pennant that has a breakdown target of 8.4k or so but could see a reversal at the golden pocket in the 9.2-9.5k range instead of reaching the entire breakdown target. We've also already tested the weekly chart 21 ema(not shown here) as confirmed support so there's a chance of a reversal here but seeing as how we have yet to fill the...
KAVA is showing us a bearish pattern. Supports are drawn, which equals the flag pole in length.
On the H4 chart, we can see a bearish pennant forming. A bearish pennant is a bearish continuation pattern. Before entering a short position, I will wait for confirmation by a break in the support trend line. I will also be checking the indicators for cross overs (RVI, and MACD) to show signs of a bearish move and potential overbought regions of the RSI. I am...