I spotted one more bearish flag on EURJPY. The price was correcting within, till it reached a key horizontal resistance. A bearish move initiated then and a support of the flag was broken. The pair may drop lower now. Goals: 157.226 / 156.96 ❤️Please, support my work with like, thank you!❤️
AUDUSD broke and closed below a support line of a bearish flag pattern on 4H. It may push the prices lower. I will expect a bearish continuation today to 0.6388 / 0.637 ❤️Please, support my work with like, thank you!❤️
I was looking for a bearish weekly candle. Price created a "Tuesday high of the week" into a PD array FVG above the 50% and rushed downwards below the week open. In setups like this it's rare for Wednesday to break above the week open again, especially when we have a lot of news drivers during the week where we anticipate good price animation. From Wednesday to...
My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish...
US500 is trading in descending channel and recently form the bearish flag within the channel and now the price is at the verge of breakout of bearish flag. if the breakout from bearish flag happens then the next target could be support of bearish channel which is around 4340 region.
Hal made a good flag breakout with all the positive indicators. Big swing trade, It will take some weeks to reach the target. Entry - 4033 Target - 5070 Stoploss -3628
↪️GBPUSD is being traded with a positive stance close to approximately 1.2750 in the early hours of Wednesday in Europe. The pair formed a bearish flag which made me bearish bias as it is challenging to experience significant upward movement due to careful trading and the upcoming release of UK PMIs. In terms of positive movement, the pair might encounter a strong...
DRD reported decent results this morning and the technicals look to support the bullish case. Currently trading at the bottom of the range, this might be a good area to accumulate a few but more importantly, we would love to see this pattern play out with a break to the upside.
Update for EURGBP. Earlier, we spotted a confirmed breakout of a key daily support. The market is retesting the broken structure at the moment. The price formed a bearish flag pattern on a 4h time frame. Your confirmation to sell will be a breakout of its lower boundary - 4h candle close below a trend line will confirm a violation. A bearish continuation...
This week, Wall Street will focus on Nvidia's quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery. In addition to a 6% gain last week, the chipmaker's shares are up 6.66% so far on Monday ahead of Nvidia's quarterly report on Wednesday. NVDA stock just broke out of a local bullish flag. Traders expect it...
After that extended fall, which didn't actually last long, comes the continuation of the rise or simply the other shoulder of a head and shoulders pattern. I believe what we will see is that where everyone wants it to fall, it won't, and it will continue until completing the massive flag at $380.
USDJPY is trading in a bullish trend. The price is currently retesting a recently broken horizontal key level. Approaching that, the market formed a double bottom pattern, violated a resistance line of a falling channel then. I expect a bullish movement to 145.64 / 146.0 ❤️Please, support my work with like, thank you!❤️
Stock has been consolidating for last few days after a sharp run up. The consolidation is set to be over and might start the second leg of the rally.
As we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit....
$7200 bottom for MIL:BTC is in play in my view on this logarithmic chart. The bounce from $15.6K lows in December 2022 has died, almost like a dead-cat.
200 EMA Support 168.83 LEVELS FIB 161.20 Above 9 EMA Green Bullish Engulfing New Bullish Trend Till Bearish Consider 9 EMA
Agriculture commodities are coming back up pushing this stock up as well. I opened a small position today but I think is going to pull back so I'll add then. Looks like a bearish channel but also like a bull flag, either way it bounced off the bottom very hard and I think it will eventually break out. I could take a few weeks, be patient.
EURGBP broke and closed below a support line of a bearish flag pattern, after a test of a key daily structure resistance. I will expect a bearish trend continuation next week. Target will be 0.8515 ❤️Please, support my work with like, thank you!❤️