$ES_F bearflag breakdown into h&s on the 15 min$SPX $SPY $ES_F As you can see, there's a bearflag breakdown currently bouncing from the would-be neckline of a h&s that I think will form a right shoulder and retest the broken bear flag channel.
Bearflagpattern
S&P Futures in an hourly bearflagS&P Futures had a weak bounce and has formed a bearflag on the hourly chart.
Currently trying to break said flag. If volume picks up, this could get ugly!
Is this a bear flag? We'll find out todayStng has some incredible volatility over the last days as well as record high volumes. Kinda an unpredictable stock for the short-term. Oil is rising again and tanker rates are falling. Imo Q1&Q2 are already priced in. Today's results will help us understand where this one is going...
Is the next Major Crash Beginning?Is the next big crash starting?
OANDA:SPX500USD
I've been watching the S&P closely for the last month during our recovery phase. It's been a great ride up, but today it's starting to look like the cracks are once again forming.
The below analysis is as I see it. This is not advice. Please do your own research before entering any trade.
Signs of a potential reversal:
1. We have recovered to the point of reaching the "Golden Pocket", which is the idea place to open a short for minimizing risk, between the 50 and the 61.8 Fibs.
2. We have seen a bull flag formation on both the Daily and the 4hr, with both breaking down and out during the last trading session.
3. We rejected off the 50 day moving average on the Daily.
4. Moving average on Volume is reducing.
5. MACD line has turned and looks poised to cross down below the signal line.
6. CCI is trending down and fallen out of upward channel.
None of this guarantees that a crash is coming, but it's certainly got me interested.
Potential SHORT Trade Setup
ENTRY: 2740-2770 (Anywhere here)
STOP LOSS: 2970 - 6.89% (Clear those fibs)
TAKE PROFIT 1: 2320 - 16.73%
TAKE PROFIT 2: 2176 - 21.70%
TAKE PROFIT 3: Let run
RISK:REWARD: 1:2.4
As per normal risk management practice, once the trade starts moving, reduce your SL and potentially apply a Trailing Stop in a fast moving market.
Please DO YOUR OWN RESEARCH!!
Happy Hunting!
DXY analysis by CryptonikLion Very interesting, so DXY broke up from the failing wedge that was ending in 98.8 area and had a massive breakout so the next short term target i expect on DXY is 100.6. I expect that here a wedge-bear flag might be in play, so i am bearish on DXY, not just form TA but also from fundamental perspectives.
We got a 61.8% retracement move i drew the fib from the gap candle so we can see why we got a bounce and i discovered that from 61.8% fib retracement, and we got a good bounce from that fib level.
I want to say that we have a higher low and we shall see if we make a lower high (C),if we get rejected from 100.6 we might go back to 0.5% fib level (D) and after that one more wave (E), and then the interesting things will start to happen.
If the price will respect the (A-E) targets i expect 96.94 (bearish scenario) or 102.3 ( bullish scenario).
My personal opinion is that we will go down,but we might fill the gap at 102.3 first.
But i am bearish on DXY in the mid to long-term.
How to Trade Bull & Bear Flag Pattern | Flag Pattern Tutorial !Bull & Bear Flag chart patterns Tutorial!
Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when we draw the pattern it looks like flag on a pole, that's why they are called bull flags.
How to identify and Trade Bull Flags : - It is easy to identify a bull flag you just need to look for a Bullish Vertical Rally or Trend which is Pole of the Flag then identify the consolidation which will look like either horizontal channel or downward channel which will be the Flag. After identifying the pattern you can enter at the bottom of the flag or you can enter when price breaks the upper trendline of the flag which is more safe.
The breakout may also be a fakeout that's why we will take help of Volume and RSI Indicator to confirm the breakout. As shown on the below example you can see when price breaked the uppper trend of the flag the Trend drawn on the RSI was also broke and the Volume was high.
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( *Key things to know : If the retracement measured from the vertical rally or Flag Pole retrace more than 50% the pattern becomes weak and it may not be a Flag Pattern but sometimes it stays valid if it breakouts above the uppertrend of the flag.)
Bear Flag : Bear Flag is just the opposite of the Bull Flag Pattern. A bear Flag forms in bearish trending market. Bear Flag pattern signals the market is likely to drop more lower. You need to identify Bear Flag in bearish trend when the price of a financial asset drops then if the price forms a horizontal channel or upward channel which will look like a inverted flag whose flag pole will be upside and the flag will be downside.
Stay Tuned; 👍
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