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🐻📉 AUDUSD Alert! Bearish Bat Pattern Signals Sharp Correction 🚨 Attention traders! We have an exciting bearish setup on AUDUSD that you don't want to miss. Our previous bullish setup on AUDUSD was a resounding success, allowing us to secure profitable gains. Now, it's time to switch gears and capitalize on a new opportunity as the tide turns bearish. 📉🦅 The formation of a bearish bat pattern, coupled with two strong confirmations, suggests a sharp correction is on the horizon. The bearish bat pattern has emerged, indicating a trend reversal. This harmonic pattern is known for its high success rate and presents an excellent opportunity to capitalize on the downward movement. confirmation n°1 : Adding to the bearish thesis, the last candlestick has formed a rejection pattern precisely at the resistance level, highlighting significant selling pressure in this area. This optimal entry point allows us to ride the anticipated sharp correction. confirmation n°2 : Furthermore, the RSI indicator is currently in the overbought zone, signaling a potential shift in momentum. This further supports the bearish setup and increases the probability of a downward move. To take advantage of this setup, I recommend entering a short position around 0.68775. Our first take profit level is set at 0.67900, which coincides with a liquidity pool where potential support could be found. Our target stands at 0.67000, representing a significant downside potential. Keep in mind the importance of proper money management. It is essential to respect your risk tolerance and avoid risking more than 2% of your account on any given trade. Stay disciplined and protect your capital. 💰💪 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀
Short
by Thomas_Zito
28
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum. Price bounced up from the POC line of the volume profile in a demonstration of bullish buying power and buyers defending that support level. The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the slower weekly time frame RSI line in black about June 28 and they are both above the 50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the horizontal zero line and bounce upward over a positive histogram. The relative volume indicator shows increasing overall volumes with the mean rising from 15M to 26M daily overall. The presumption is that increasing volume supports price action while decreasing volumes would cause price and volatility stagnation. From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will zoom into a 15-30 minute time frame seeking a pivot low from which to enter using a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
NASDAQ:PLUGLong
by AwesomeAvani
📉🦇Bearish Bat Pattern Sparks Market Fears on Dow Jones! 📉🦇After successfully bagging over +1000 points on a recent Nasdaq buy, it's time to switch gears and follow the bearish trend on Dow Jones. The bearish setup is crystal clear in the 1-hour timeframe, as price has formed a bearish bat pattern - a proven and reliable harmonic pattern with a high winning rate. The trend reversal has been confirmed by a bearish candlestick: a bearish engulfing, signaling that the late bulls have been trapped and the bears have taken control. The icing on the cake is the impending crossover of the 9 and 21 moving averages, which will intensify the selling pressure. Additionally, the RSI has hit a significantly overbought zone, further indicating a potential sharp fall ahead. I have my sights set on three take profit levels. First, I'm targeting 34150, where I'll be locking in some profits. Next, I'll be aiming for 33950 as my second take profit level. And finally, my target is set at 33650, as I expect a satisfying drop in price. Get ready to ride the trend reversal and make the bears dance to your tune! It's time to capitalize on the bearish momentum on Dow Jones! 📉🐻💰 Feel free to share your toughts in the comments section, follow me for updates. And dont forget to press the like button if you think this insight was helpful !🚀
OANDA:US30USD
by Thomas_Zito
24
BAT, Imminent Price Growth after weekly breakout!BAT recorded significant net buying / accumulation this past few days warranting a +40% surge on its recent low from 0.15 to the current range at 0.21. On weekly data histogram, the coin registered higher lows -- where the gap between the last histogram "shift" and the last one was 6 months (last January 2023). This is a huge hint of a reversal. A weekly descending trendline has been broken conveying a turnaround season for the coin. Pricewise, it is sitting at a 1.0 FIB level, this is beyond bargain / discount already. The range is currently hovering around a 3-year long standing strong support. Expect some significant price growth from here on. Spotted at 0.20 TAYOR. Safeguard capital always.
by JSAL
Great Wins on WTI💰 Celebrating two great wins on WTI in June! But let me clarify, I'm not chasing streaks—I focus on proper setups. Let's dive into the current situation for WTI, aka US Oil. 📈 The market is testing the support line on the weekly chart. While some traders see it as strong support and anticipate buying opportunities, multiple retests increase the likelihood of a break. That's why my highest priority is shorting WTI and monitoring key levels. ⏰ On the 4-hourly chart, I'm cautious about shorting at the Bearish 5-0 pattern. If I spot an RSI divergence, my perspective may change. ⬇️ Instead, I'm patiently waiting for the Bearish Shark Pattern at 72.03 for a shorting opportunity. ⏱️ On the 1-hourly chart, if you're seeking a buying opportunity, watch for a confirmed candlestick pattern on the Bullish Bat setup at 69.61. 📊 Share your trade plan for WTI! What's your top investment product?
TVC:USOILShort
by RaynLim
Dollar-Yen Remains Bullish📉 The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. 🔄 📉 The Bearish Fib-3 Bat Pattern at 149.15 offers a potential shorting opportunity, although it may take some time to validate. 📉 Alternatively, a break of the trendline on the 1-hourly chart could provide a more immediate shorting opportunity. We're watching for a retest without violating the trendline. ⚠️ However, the trendline hasn't been convincingly broken yet, as the candlestick failed to close below it. 🔍 USDJPY is currently of lower priority for trading this week. Share your trade plan! 📊💭
Short
by RaynLim
2