Bearflags
BTCUSD - Ready for the storm? Trading in huge bear-flag! _______________________________________________________________________________________________________________________________________
Hello traders investors and community, there are some interesting things going on with BTCUSD which i want to explain today. We have seen BTCUSD con-
solidating the last days and weeks in the range between 9000 and 13700, this would not hold on forever! As momentum and volume decreases there will be
an shift in price movement, either up or down.
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As you can see in my chart, looking on the 4-hour chart, BTCUSD is moving in a huge channel. Which i detected as a bear-flag. After we had the top at 13700
supply entered the market and BTCUSD felt down to 9200, where its consolidating now and forming a bear-flag. Those patterns are known to break in the di-
rection its origin is, in this case to the downside.
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The RSI is forming some bearish divergence, i am expacting it to touch the oversold region before we go down, also you can see that the 200 and 50 EMA for-
med a bearish cross-over. The 200 EMA is important in this case because we hold it steady in the recent up-trend, you can see it was touched several times
before it felt down and formed the bearish cross-over.
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Also, you can see in my chart, the percentage price projection of the bear-flag that will be intact when we confirmed the bear-flag. Of course this pattern
can also confirm to the up-side (fake bear-flag), but normally it confirms in the direction where it came from, i give the bearish scenario a probability of
75 %. In my chart you can see also the blue trend-lines in which we are trading right now, i am expecting that we will stay in this range till the bear-flag
target has reached. From there we have to look and wait for more information, i would be cautios of opening LONG positions here! A possible scenario
after the bear-flag target has reached would be a second bear-flag!
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This pattern can be either traded aggressive with a immediate SHORT entry, an entry in the sell zone (neutral), or conservative with waiting on confirmation
of the bear-flag. I prefer the second and third scenario with waiting on confirmation of the bear-flag! I will look for a possible entry in the sell-zone and will
add to position in the conservative entry-zone when the bear-flag has confirmed.
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I hope everybody enjoyed my view! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis!
This information is only educational and should not be used to take action in the markets!
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EURAUD potential sellon the higher time frame EURAUD had been in a overall correction stage and im looking to get into sell after i see a good opportunity. On the lower time frames EURAUD market behavior is moving to the upside in a very slow and consilidating manner like a bearish flag so this is making me feel seller will take control later on during the week for sells.
🚀 UNI : Breaking from Bear Flags to Bull Wedge ! December 2021 marked a challenging period for Uniswap (UNI) as it navigated through a bearish flag pattern, experiencing a significant drop. Fast forward to the present, and UNI is staging a potential comeback. The charts reveal a pattern shift, transitioning from bearish flags to the formation of a much larger bullish structure—a falling wedge. Let's delve into this transformation.
Chart Analysis: UNI's Evolution on the Charts
In the closing months of 2021, UNI faced the bearish pressure of a flag pattern, resulting in a notable decline. However, the narrative takes a positive turn as UNI is now crafting a bullish story. A substantial falling wedge pattern has emerged, hinting at a potential reversal. The formation of this pattern, especially when larger in scale, often signifies a shift in market sentiment.
Anticipated Move: Falling Wedge and the Road to Retesting Highs
As UNI maneuvers within the falling wedge, chart analysts are optimistic about the potential upward trajectory. Falling wedges are typically regarded as bullish patterns, and the anticipation is that UNI might experience a breakout. Furthermore, market participants are eyeing a retest of upper boundaries post-breakout, a crucial step to validate the newfound bullish momentum.
Trading Strategy: Capitalizing on UNI's Chart Dynamics
Traders and investors observing UNI's chart dynamics may consider strategic moves within this falling wedge setup. Identifying entry points during the wedge's contraction phase and being prepared for potential breakout and retest scenarios could enhance trading strategies.
Conclusion: UNI's Chart Renaissance
Uniswap (UNI) is in the process of charting a new narrative, transitioning from bearish flags to the promise of a falling wedge. While past challenges are acknowledged, the evolving chart dynamics suggest a potential resurgence for UNI.
🚀 UNI Analysis | 🌐 Breaking Free from Bear Flags | 📉 Embracing the Falling Wedge
❗See related ideas below❗
What are your insights on UNI's chart evolution? Share your thoughts, trading strategies, and bullish expectations in the comments! 🌈🚀💚
MO Altria Group possible A=C plus bear flag Let's discuss it.Hi ,
Well, first of all, it's important to note that I have an open position in this dividend-paying stock because I want to hold it for the long term.
However, we should not ignore the fact that we will start wave C of a possible ABC correction soon. We can also see a bear flag shape. Both have a price target of ~$14 to $15.
Regarding the fundamentals, some important things:
Traditional tobacco companies have to face the fact that their products are becoming more and more expensive, thus many people buy cheaper products.
Vapor and liquid alternatives are increasingly popular among the younger generation. Because they are fragrant, tasty and cheaper.
Although these companies have made a lot of profit in the past decades, they are now facing another challenge. If they want to stay competitive, they have to develop to catch up with their competitors who produce products based on new technologies.
Altria Group is constantly working to achieve this. However, the transformation of the production technology and the necessary permits (e.g. FDA) are essential for its success. It's all money and time.
All in all, I think that stocks of traditional tobacco companies are still a good long-term investment. However, it should be taken into account that they may underperform in the coming months. And they can hit new lows.
That's why I didn't use all my resources that I intended for this stock. Because if we actually reach the ~$15 zone, then I want to significantly increase my position size there.
Please tell me what you think about it. And share your thoughts.
Do not forget. This does not constitute investment advice. Do your own research before entering a position.
EURUSD bear flag?In a strong downtrend recently, brief dead count bounce at a strong demand level. Still above this level for now. Bearish divergence on the MACD. Rejected off the 50EMA and the RSI 50 level, which could be early confluent factors to suggest the trend is still intact for now and this is a lower high before trend continuation. DXY 4H chart attempting to breakout of a range as well.
EURUSD weekly RSI is in the bearish control zone and monthly chart doesn’t look great either. Measured move of this bear flag could take price back to parity.
Navigating the Weaker Bullish Setup
The EURUSD displays a Weaker Bull setup on the Weekly Chart.
Aggressive Approach:
Opting for an assertive stance by seeking a shorting opportunity.
Option 1: Daily Chart - Bearish Flag Pattern
Waiting for a retest at the resistance level of 1.0620 before considering a short position
Option 2: 1 Hourly Chart - Type 2 Bearish Deep Gartley Pattern
Awaiting a retest at 1.0584 as part of the shorting opportunity strategy.
I'm intrigued to hear your perspective. Which option resonates with you, and what's your rationale? Feel free to share your insights below!
PPI Data, Rate Hikes, QQQ / SPX Support and Resistance- CPI data came in expected today, excpet core is 0.1% hotter market didn't really care since we need something really hot to not get a 0.25bps
- PPI data likely will come in expected as well today, since CPI was pretty aligned so technical matter more now
- SPX came close to 200 MA today rejected the 3940 area but QQQ is above 200 MA
- QQQ and SPX reject resistance at the same time
- QQQ broke 294.5 support (yesterdays triple top resistance) in the afternoon and bears didn't follow through bulls V shaped into close
- KRE and XLF both still in daily bear flag territory.
KEY QQQ & SPX BOTH is still under resistance even though we V shaped we closed right under it, so still in the chop range, I am neutral now yesterday i was bull lean and played the bull move this morning as i mentioned when we broke the triple top resistance at 294.5 QQQ I am going long. Now at this range its anyone's game since there are both bear thesis and bull thesis that are both correct at these levels. currently all cash took profit this morning likely scalping depending on which side we break tomorrow.