The bearish bounce is still in progress Prices have hit the lower bound of the uptrend channel But remains in a symmetrical triangle which shows that the market is hesitating In theory, the bullish channel could end if the bearish support holds.
The bearish breakout on the pair was followed by a pullback and then a bearish rebound. So far the pullback has not been invalidated and is currently entering its 2nd phase. If the bearish rebound succeeds, it is possible to see the pair return to the lower bound of the channel.
The last resistance did not break and prices are now in a range But the underlying trend is bearish In theory, prices could go back down Waiting for a bearish breakout from the channel.
Prices just broke out of the top of the bearish flag This is a confirmation of the pattern In theory the pair could continue to rise
Prices are still in their bearish channel and about to mark a new low This is a pattern that argues for a bearish continuation In theory, the underlying trend could remain bearish
Prices are forming a bearish flag this is a bullish continuation pattern It means that in theory, if the pattern is validated, prices could go up again.
The pair first broke back above two intermediate bullish resistances to reach the upper boundary of the bearish channel it is in. Then, it went back down in what could be its bearish rebound. In the absence of new elements, the underlying trend could remains bearish.
Prices have exit from the previous bearish channel to enter a range But still remains inside a larger bearish channel The trend is therefore bearish In theory, a resumption of the decline is possible
Prices are moving downwards They just completely reverse the previous bullish retracement And thus confirm a new low in the current bearish channel In theory, in view of these last elements, the scenario of the bearish continuation remains topical
Prices are retracing upwards but so far the underlying trend remains bearish Proof of this is this new descending triangle which replaces the previous one In the absence of new elements, the scenario remains the same as the day before: waiting for a bearish breakout to confirm the bearish recovery
As expected, prices have entered the second phase of the pullback This translates into a return to the downside here materialized by a bearish channel The last bearish resistance has just been crossed. In theory, prices could now reach the intermediate target and thus complete the pullback.
As a reminder, the pair has just completed a bullish breakout It is therefore theoretically rather supposed to continue upwards If this view were to be true, then the current bearish movement would only be a temporary bearish retracement. In fact, prices may already be on the rebound.
While buyers could do nothing against the bullish resistance. The latest bearish rebound seems to be on track to settle in the long term. Prices have just marked a new low, after breaking through two bearish resistances. In theory, now that the way seems clear, it is legitimate to consider a continuation down the channel.
The underlying trend is bearish and is materialized by two bearish channels. The channels are bearish continuation patterns In theory, prices could continue to move lower to new lows.
The underlying trend is bearish In the short term, prices are retracing upwards after a low A former bullish support turned bearish support is already likely to bounce prices downwards In theory, the decline could continue to extend to the lower bound of the previously identified downtrend channel
The pair is back on parity. But In theory, for the decline to be complete, it still has to validate the objectives of the figures seen previously. If this were to be confirmed, it is conceivable that the pair could continue its decline to a new low.
Prices have just broken above a bullish resistance A pull back is currently underway In theory, if the pullback is successful, prices could continue to rise
Prices are still stuck in a bullish retracement But the underlying trend is bearish In theory, there is a possibility that prices will soon start to fall again