A death cross occurs when the 50-day moving average crosses below the 200-day moving average.
In addition we can observe the weekly EMA ribbon directly on support:
Occasionally this is a setup, but if price falls below the ema ribbon that is considered very bearish - particularly on a weekly time frame.
Additional...
Patience is the key...
If price break and close below 200EMA, wait for retest then take the trade after 2 bearish candles confirmation. Death cross on 1H timeframe is in formation, wait for it to add confluence to your trade!
Trade wisely :)
We cited the bullish potential in gold prices late last year. This played out as expected, but there hasn’t been any follow-through. Now some bearish patterns are taking hold.
This chart shows the downward trend line in the Market Vectors Gold Miners ETF. Notice how the latest rally tried and failed to push above it.
Next is the rising channel in place since...
GBP/AUD convincingly broke through its channel, which held strong since early September. Accompanying this break-through, a bearish cross of the MA50 and MA200 (so called death cross) happened a few bars earlier.
Target 1 should be an area where you want to unload some of your positions, in case the price will rebound from the support line. Target 2 could be...
EUR/NZD 🇪🇺🇳🇿 has formed the broadening Wedge pattern. The price has recently been rejected by the bottom upward trendline , however as the death cross suggesting the price can possible test the area again after which , according to the ROC divergence and stochastic crossover the price is going to rice up to the test of 1.76985 lvl with the possible further...
GBP/USD🇬🇧 🇺🇸 has formed the descending triangle. The price has been falling according to the smooth downtrend except the fake out. However , as the Stochastic is in the overbought and about to cross over and the 50&200 ma provided us with the Death Cross the price is going to decline.
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The upcoming Death Cross suggest that the Brent🛢 is going to fall. However as we have strong support levels indicated below and the RSI is lying in the oversold area we shall expect the bounce from one of the levels indicated below.
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Taking the multiframe look at the CHF/JPY 🇨🇭🇯🇵 on the 2H chart we see the Long Upper shadow that suggest that the price can decline down to the Local Support of 115.344 that is also backed by the bearish ( almost Dead Cross) narrowing of 50&200 MAs at the 12 H chart. There the price most likely to bounce from the long lasting Uptrend Line up to the area of 116.166...
USD/CAD🇺🇸🇨🇦 pulled back from the lost lasting downtrend line and together with the death cross and the swing of the ROC 12 suggest that the price is going to decline and test the 1.31011 level.
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Hello, I am a fairly inexperienced trader who has been researching the "never below 10k again" theory, but I think I found a frighting pattern on accident.
Can someone with real TA skills please me this is a real? If it is, I"m going to be sick to my stomach.
Thank you, Cheers
ibb.co
Bitcoin is extremely overbought on rsi, is rejected from MUST BREAK resistance, has high volume, and death cross on MACD. The eth crash coming will take bitcoin with it.
BTC at 7000 soon.
It might sound crazy, but if history is relevant to today's bull market. Then, we could see a bull market the likes of which no one have seeing in our live times. But,
what about if we do not ???? what about if we get some of the less readings. time will tell the story. CHARTS FOR THOUGHT !
wish you all the best.
price action is 1 4hr candle away from 4hr deathcross, but this could easily end up being a deathcross fakeout even if the cross occurs...there is double bottom potential here on the 4hr chart if it can flip this green horizontal neckline to solidified support...the breakout target for the double bottom is pretty close to the target from the 4hour falling wedge...
I will be testing out the Death Cross pattern with $UN paper trading. History shows that UN usually will go down the day after - 2 days after the pattern is complete, reaches it's low a few days later. The goal is to reach $53, right where it was before it blew up last month from earnings
Yesterday i was looking for a breakdown on the GBP/JPY. We retraced a bit but couldn’t break the support. Now we are resuming upwards and i am looking to go long. But we first need to break the overhead resistance at 133.8. Keep an eye on it.
