1. Daily Trendline Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish. Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the...
USDJPY did exactly what was explained in my first break down. I'm still sell biased and i feel like NFP is only going to push price to the downside also so everything should work in my favor.
🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about...
CVX today dropped suddenly for unclear reasons. The possibility of a Israeli - Hamas War cease-fire may have led to expectations that oil prices would fall as the shipping quagmire in the Red Sea might stabilize. Later in the day OPEC+ announced a raised target of $ 1.00 per barrel higher which on balance seems to be an offset maneuver. CVS in the ...
as you guys can see euruad is playing out as planned ill make sure to put analysis i shared a hour or two ago to this description but now ill just waiting on a pull back for confirmation so ill just be watching closely because this move could happen really fast. *EURAUD/SELL
on 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.
Although it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage. When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction...
Hi Traders! There is a bear flag pattern on NZDUSD, and there is a possibility of a continuation of the bearish trend if we get a break of the flag channel. Price Action 📊 There is a lack of bullish momentum in the market due to a lack of market swings to counter the bearish trend; this tells us that the bears are in full control of this market. We are looking...
Is there a bear flag on the 1M chart? The 1 Month StochasticRSI says: yes worst case scenario in play… maybe? Is this even realistic? It would certainly fit into the crazy social and economic times we are in. What do you guys think?
Traders, The dollar continues its journey down. So, is my H&S pattern still intact? Well, on the weekly it is. Does that count? I think so. It's not like the dollar has turned the corner here and growing stronger. We are still very much in a downtrend. Even that right shoulder is still valid. And, like I said, on a weekly chart that neckline still holds. Once...
The price action is trading in the upper band of this micro bear flag, key level. Expecting a downward leg to the demand zone, as the ABCD reciprocal (0.382:2.618) is targeting the region.
Hi Traders! Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea. There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological...
Hi Traders! There is a bear flag opportunity here on the GBPUSD 1H chart. After the bear momentum swing down (flag pole), we are now in a consolidation period (flag channel), and in a consolidation period, the market decides to either continue the trend or reverse the trend. The price action on this setup suggests to us that the market wants to continue the...
Bitcoin price painted a bear flag; 4h. There is small bullish divergence here...could be a dead cat bounce. There is much FUD. Spot trading only. Call limit order filled: 24826.00 Fractal target_1: 25370.67 Fractal target_2: 25620.00 Stop: 24481.82 glta
"The Bull Market is back!" Say the TV talking heads. But in spite of the tech runup, small caps remain stagnant and 40% of stonks still trade below their 200 DMA. So, the 'bullishness' is limited to the glamour go-go issues. NVDA, MSFT, AAPL, MSFT, AMZN, GOOG META... etc etc all go higher, while the rest languish. That ain't a bull market, it's a Bear Market...
Can't help but see a giant textbook bear flag appearing on the daily chart. Anyone have thoughts?
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this FTM/USDT trade setup. FTM looks bearish here. Breaks down from the bearish flag pattern and according to the pattern, it might drop 20% from here. Open a short position here and add more to the upside. Entry range:- $0.352-$0.356 Target:- 15-20% SL:-...