NYSE:HESM Hess Midstream LP may be forming a rounded top targeting ~$11, near where it pivoted bullish around April of 2020 after correcting from its March 2020 lows. Confluence - OBV has been dropping into the rounded top, and recently dropped sharply while bearish volume has risen as it starts to round off. Hess has been known for dividend payouts north of...
Current Macro Environment is very bearish: Inverted Yield Curve :> showing that Market Participants are forecasting that rates are being cut in the future Purchasing Manger Indexes are at contractionary levels - combined with the current situation in the money market - I do not expect that the real economy is going to relief from here Current Technical...
- I am expecting some bullish pressure of the USD this week. - Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support - From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below. -This move is just a retracement to test that area...
We have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume. Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators. The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens...
ES seems to be in a fractal pattern, copying previous price action (the "great recession"). I think it will most likely bounce a bit and then continue downward as world war 3 breaks out. Eventually, it will recover and continue upward - as usual.
COINBASE:BTCUSD BTC looking like it wants to retest previous resistances most likely the 53k - 55k region. This is based off of the Richard Wyckoff Theory of Distribution. Bearish short to mid term but long term this is a healthy correction.
BTC is caught in a rounded top formation. Look for it to retest the curved resistance and form an inverse cup and handle. If it does happen to play out, BTC will likely dip just below $40k. Might be a good place to take a long position.
BNB has made a rounded top pattern. If it clearly breaks below 443, I would expect a drop to 435-420
Seeing a rounded top on crude oil right now after a pretty solid run... Definitely raises the odds for a good short at these levels. Target would be the 200 SMA in pink, which could mean a near 20% drop in gas prices... that would be nice! *Opinion only, Not financial advice*
NYSE:MGM has a big rounded top pattern that looks ready to break. Today's bar pierced through the trendline convincingly and I think it is ready for a big drop.
... I am still short in DJI unless it will go above 35k and stay there for a while. Current candle formations suggest to me further downtrend. This white candle which may suggest sudden north direction seems to me fake as wedding cake... I would consider closing postiion when it will touch the EMMA
Looking at the Daily BTC chart, what do you see? Many see what they believe to be the peak/top of this bull cycle... In my opinion, this would look much more "V" like if it that were indeed the case. With that said, I believe that we are looking at a "Rounded Top Pattern". See details below and let me know if you agree! Rounding Top: Important Bull Market...
Very simple entry GAP is holding any gains on 1H we can see rounded top with multiple Doji candles TP area is set up close to recent lows All this is aligned with Fibonacci 78.60%
Bitcoin is trading in the lower trendline area of this rising channel. A rejection at $65K and a break down of the channel could see this play out.... and we have all seen a rounded top. I
the last pump should be massive to lock in gains and buy back at key levels... in addition gaps in the futures look huge to re fill or settle $38k & $23k should be ideal for shorts to cover
Looks like some rounded tops here on the SPY Other indices have bearish patterns as well AMEX:SPY
Bharti Airtel rounded top formation completed and but got support from the 400 First perspective According to the analysis 1, It got support from 400, that is very strong support zone (360-400) you can check monthly and weekly time frame to get an idea 2, Break down of this support zone, will leads to 275 target then 225 will hit (note: will take more than 6...
ARPAUSDT bounced 0n 0.5 Fibonacci Weekly retracement and now the price is testing 0.5 Fibonacci retracement on 4h and the previous dynamic trendline. IF the price will break downward, and retest the current support as new resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...