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Bearflagpattern

EURAUD BEAR FLAGBear Flags are a Ranges pattern and they are repeatable trading chart patterns. Ascending Bear Flags are chart patterns that will have a directional bias (BearishShort) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Short
by Tradingstrategyguides
USDJPY 1D BEAR FLAGBear Flags are Ranges which are repeatable trading chart patterns. Ascending Bear Flag Ranges are chart patterns that will have a directional bias (short) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Short
by Tradingstrategyguides
2
Correction, Dip, or Bearish Market is coming?ATR volatility is increasing, last candle show bearish engulfing, picturing from yesterday "so-called-dip" is showing bearish movement, and I think that last pattern looks like bear flag. Also, as some of us know crypto market are kinda tidally-locked with BTC market movement, we should take a close look at what BTC market is doing. So, are we really still on a bullish market? Let me know. Anyway, just be careful. Notes: - All indicator uses 24 length period to measure 24 hours statistics - ATR is modified to use EMA instead of RMA - ATR is modified to use HMA as a predicting oscillator - I modify the DMI to look like MACD (don't know why, I just like it that way) and added RSI on top of it (not sure why)
Short
by OgahTerkenal
COLPAL - Breakdown from channel + Bear Flag + Triple TopThis analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Traders can take advantage of this analysis in intraday trades as well. Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle. SL can be placed above the high of third Top (out of triple top formed). Targets are shown in the image itself. Logic for the trade is also explained in the image itself. This analysis is purely for education purpose. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:COLPALShort
by AdityaKarn90
NZDCHF looking for short 🦐NZDCHF on the daily chart hit the descending trendline and now and got rejected. The market is moving in a lower low lower high move. If the price will break below the 0.60500 and consequently break the minor channel and the support we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
Classic Double Top, Bear Flag & 5-0 Pattern: Short NZD/USDClassic Double Top, Bear Flag & 5-0 Pattern lined up all-in-one. What could it signify? Am I just transposing an image onto a market that is not really a reflection of reality? Let's see. Short NDUSD: Reasons: Classic Double Top, Bear Flag & 5-0 Pattern lined up together volume confirmed the double top Intermarket confirmation: It appears as though the US Dollar has found support and will rally: s3.amazonaws.com Inside Bars on the 8 hour chart MACD Divergence Do chart patterns work? Well, they certainly gives the trader a disciplined method for attacking the markets. Chart patterns can prevent the trader from overtrading. Certainly, if a chart pattern confirms something fundamental or if one believe it confirms something from sentiment or intermarket analysis, then go for it with proper risk management.
Short
by Rocketman
Nasdaq QQQ Bear Flag - How to TradeI'm writing this as a tutorial and a play by play of my trading, also as an analysis of how I traded this incorrectly. This morning, before the market opened, I saw a perfect bear flag on QQQ (I was using Nasdaq Futures to trade it). I just wanted to talk about the range of emotions when trading a pattern that clearly shows strong bullish price action, but since the channel is coming after yesterday's huge sell off, we know sellers are waiting patiently for the continuation of the recent trend. In the morning, I could only draw the bear flag based off the purple lines. The blue lines represent what happened after the market opened. As a side note, I love trading Nasdaq Futures because the patterns are near perfect and well respected. I wont trade SPY because SPY merely reacts to what Nasdaq is doing, and as a result, has more fakeouts and imperfect patterns. I was anticipating the touch of the top of the bear flag channel, but it's hard to ever be prepared for an overshoot / fake out. When the fake out was happening, I was thinking I misread the chart and bulls will continue to buy and the bottom was is in. It's important to never lose sight of the overall picture, and it's very easy to lose sight of the overall picture when the price is moving bullishly against you. I'm partially writing this for myself as a reminder, and I hope this helps others. When the price fell back into the channel after the fake out, I imagined bulls went from feeling euphoric to fearful, but still hopeful and embolden from the recent price action. When price tested the top of the channel and confirmed it was resistance, the bulls lost that hope, it was time to bail and it was time for sellers to make their move. As a bear, (my bias is from the recent sell off, plus see my related idea where I predicted the top of Nasdaq to the exact cent) when I saw the price test the top of the channel as resistance and then drop, I was worried that the price would find support near the previous high, causing me to take profit. I'm an experienced traders and I'm still controlled by my emotions. The price bounced around in this area due to others like me taking profit on their short. The last remaining hopeful bulls that thought the price would find support on the local high, and the fearful bears like me who thought that support would hold. When it was clear that this support wouldn't hold, I lost my solid entry which was at the top of the channel, so I missed the meat of the trade. Bulls started panicking as the sell off took place, and bears joined the down trend in hopes for the price to reach the bottom of the channel. Since this was the third touch to the top of the channel, bears had every right to assume that the price would not only reach the bottom of the channel but it would also break below it. Other bears are not only anticipating that break, but they are betting that the bear flag will play out in full, with the projected target (yellow) being the length of the bear flag's pole when applied to the bottom of the channel. The yellow target may not play out since the overall trend is still bullish, it would be better to believe in a target like this when the trend is bearish on all time frames. When it doubt, zoom out and stay focused on the overall picture. Even experienced traders like me who have years of experience still take profit early sometimes and are overcome by their emotions. Cheers to anyone who traded this pattern without their emotions holding them back. Please see my related idea below on where I predicted the exact top of Nasdaq. I'm proud of this prediction, and I was able to predict the top of SPY and AAPL using a similar method. Institutions simply trade between the lines, and despite all of the news about new traders in the market from Robinhood, institutions still run the show and they let everyone know it.
CME_MINI:NQU2020Short
by ttrending
2