Gbpusd will make more lower lows. Expecting a drop now. Hit like for support and follow for many more upcoming accurate pips.
W1 - Price still has room lower towards the bottom of the bearish channel. D1 - Price has created lower lows and most importantly we don't have any reversal signs. H4 - Price broke below an important support zone and also based on the Heiken Ashi candles we have strong bearish candles in downward moving market conditions so it basically reflects a bearish...
Gbpjpy has been in a sell out mode and is planning on dropping a couple more pips further. I see this pair having no problem going down to it’s weekly support @ the 127.800. We have a nice head and shoulders formation on the 30min timeframe a nice 4 hour shooter star will validate for a strong push to the downside let’s clash!
H4 - We have lower lows, lower highs pattern, currently it looks like a pullback is happening. H1 - Until the two sell zones shown in the screenshot holds my short term view remains bearish here.
D1 - We had a bearish divergence, then the price moved lower and broke below the last low thus forming a bearish convergence. In addition to this the price has also broken below the uptrend line, we may consider these as evidences of bearish pressure. H4 - Bearish trend structure (3 lower highs, lower lows pattern), we may now look for pullbacks towards the sell...
W1 - Price reached a strong resistance zone, bearish hidden divergence. D1 - Price broke below the bullish channel, the price then moved lower and has created lower lows. H4 - Price is moving inside a small range, we may now look to sell the top of the range with bearish evidences. If you want to be more conservative then wait for the price to break below the...
W1 - Price is holding below the downtrend line, bearish hidden divergence. D1 - Price has broken below the last low and has created lower lows, currently it looks like a retrace is happening. H4 - Bearish hidden divergence, we may now look for more evidences of bearish pressure in order to join the bears.
W1 - Bearish hidden divergence, RSI trend line breakout D1 - Uptrend line breakout, last divergence was bearish regular. H4 - Bearish divergence, most recent trend line breakout, also the previous swing low was broken creating lower lows. We may now look for pullbacks and sells with more bearish evidences.
$CREE is under pressure technically and broke under a key uptrend line. Just looking at the chart and you can see that $CREE has been making lower highs and lows. We believe $CREE is going under $40 and will test new 52 week lows. This all comes after $CREE delivered disappointing Q1 earnings and forecast a loss in Q2. Here are the highlights: Cree (NASDAQ:CREE)...
Example of Market Structure in a downtrend
D1 - Price has created lower lows currently it looks like a flat correction is happening. H4 - Price is moving inside a bearish flag pattern. H1 - Price is moving inside a small range, price has reached a critical zone formed by the top of the H1 range, H4 bearish flag and the fibo levels of the cycles we have and is currently moving lower. Until the price...
D1 - Lower lows, no divergence against, 61% fibo at the end. Until there is any opposite evidence we may expect possible continuation lower. H4 - Until the price holds below the top of the range my view remains bearish here.
cadjpy on the weekly doesn't show a lot apart form basic support and resistance but when I went down a timeframe, I saw daily trendline making lower highs and lower lows. 4hr/1hr timeframe showed me a rising wedge occurring while breaking out and making a head and shoulders pattern.
The counter is in a strong bearish trend making lower highs and lower lows consistently. The recent surge in the counter can be attributed to a bearish flag pattern. Now, the counter is in a confluence of resistance points - flag and trendline resistance. Also, the RSI indicator lurking below the overbought zone. Hence, we expect the pair to move down from here.
After a strong rally to the upside it's hard to see price moving downward, afterall we've bean hearing a lot of possitive news througout the media. But as a trader aren't we supposed to be contrarians? Well after looking at how today ended It could be hypothesised that the stong move to the upside has calmed down since bulls failed to break through recisstance and...
Last couple of charts we have been watching for the consolidation. We've had plenty of warning signs the bulls were running out of steam and bears were stepping in. We had our quick bull break to $9090 and then a strong bearish reversal in price action and heavy bearish volume. That was our first real red flag. The bulls barely clung on to 12 EMA support on daily...
AMD another Home Run trade. When breaking out new highs the price has to sit to the higher levels confirming an area of confluence and stabilization. If it gets back to breakout levels it could then just drop at least retesting VWAP. 29.60 / 29.95 has been an important level on AMD. Touched and heavily sold today 29.62 has been shorted again! Price confirmed the...
Hi at all! The previous Lower High was broken. This is why the downtrend is on the end and a new uptrend starts. Use the correction waves to build a lucrative tradepyramid.