Bear flag forming on Mattel $MATLooks like a bear flag may be forming on the daily chart of Mattel. Waiting to see if there is a breakdown of lower trend
Bearflags4days
ARKK - Third Bear FlagInnovation Growth, BTC, and the 10 year note are under consolidation pressures as the bond briefly dropped below 1.35.
LINKlooks like a bear flag formed, I think more downside here, just keep buying this won't last forever & LINK will hit $55 TP after this last shake out IMO
$ES_F bearflag breakdown into h&s on the 15 min$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.
SWISS FRANC CURRENCY INDEX (SXY) DAILY TIMEFRAME SHORTThe Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents a potential buy zone as it is the bottom of the correctional structure. I certainly hope history repeats itself with this trade and the 90% rule sticks out!!!.
A break above 100 might change my bias a bit, but currently i am targeting the 07.8 price level for profit-taking.
NVIDIA DAILY TIMEFRAME SHORTPrices have been tumbling down recently, having broken out of a corrective structure in the form of a bear flag pattern. This pattern was a good way for prices to blow off some steam, after the massive sell-off. Now we expect the prices to go towards the bottom of the corrective structure (bear flag pattern). This is a classic setup and there is no need to say much because price says it all. May the bears take over the world!!!
Target: 125.33
GBP/CAD SHORT 1-HOUR TIMEFRAME CONTINUATION (SCALING IN)Price formed another corrective structure in the form of a bear flag pattern after sellers struggled to hold ground. Now it has just broken to the downside and we are expecting further down movement. Things are a bit slow this week especially after the bank holidays yesterday. Risk management should be on point always. The technicals of this trade are;
Stop Loss: 1.70764
Target: 1.69140
NASPERS (NPN) DAILY TIMEFRAME SHORT The stock price is moving in a series of impulses and corrections , as it nears the ascending trendline. Possible targets are around the 271 330, which represents the bottom of the bear flag pattern. The price has already broken through the bear flag pattern and is moving closer to the target area.
GOLD 4-HOUR TIMEFRAME SHORTGold continues in it's downtrend, as it currently completes a corrective structure towards the 1290 resistance level. I will be looking to short gold around the 1290 area if price action suggests so. Therefore, be on the lookout for bearish engulfing candles or any type of heavy selling close to the dynamic resistance (trendline). A possible target is the 1270 zone. May the bears be will you!!!
GBP/CAD 4-HOUR TIMEFRAME SHORTGBP/CAD recently broke out of the daily corrective structure that started out in early September 2018. This was in the form of an 800 pip move. We are expecting this drop to continue, as price is currently making a smaller corrective structure, and therefore we can expect a continuation to the downside after this bear flag is complete. It will also be interesting to note how the sterling will react to the resignation of the second woman-prime minister of the UK, Theresa May, thirteen days from now on the 7th of June. I hope there will be more selling. In bears we sell!!!
CHF/JPY DAILY TIMEFRAME SHORTCHF/JPY is currently recuperating after the big sell we took. It seems history might repeat itself. Price is making a bear flag pattern on the 4-hour timeframe. If price does indeed break to the downside, i will be taking a short trade targeting the bottom of the flag pattern. Entries will be posted once the trade is ready. For now, we wait. Patience is the key.
Target Take Profit: 107.880
Trading Rules:
1. Trust the process
2. Patience is key
3. Secure the bag
4. Repeat
USD/JPY DAILY TIMEFRAME SHORTPrices formed an impulse to the downside and then moved up after a serious stop hunt, or rather rejection caused by the buyers, who came in and pushed prices higher. This was evidenced by the correctional structure (rising wedge pattern). Price is currently moving downwards after it retested the support turned resistance of the rising wedge pattern. On the 4-hour timeframe, price has already broken out of a second correction pattern (bear flag pattern in this instance) and is moving further downwards. This trade can be played both on higher timeframes as a swing, or on shorter timeframes. The choice will depend on your patience and account size. The technicals of the trade are as follows:
4-HOUR TIMEFRAME STOP LOSS: 113.043
4-HOUR TIMEFRAME TARGET: 109.090
DAILY TIMEFRAME STOP LOSS:
DAILY TIMEFRAME TARGET 2: 107.541
May the bears be with you!!!
GBP/NZD DAILY TIMEFRAME SHORTGBP/NZD has just broken out of the corrective structure to the downside, therefore we expect a further continuation to the downside over the next hours/days. Price formed a bearish flag pattern after a big impulsive move to the downside. The technicals of this trade are as follows:
Take Profit 1: 1.87247
Take Profit 2: 1.82568
"The definition of insanity is doing the same thing over and over again and expect different results" - Albert Einstein
CAD/CHF 4-HOUR TIMEFRAME SHORT ENTRYThis trade might/might not have been forecasted on this channel. Price is currently breaking out of a bear flag pattern and creeping to the downside. My take profit is placed at 0.74640, which is the bottom of the flag pattern. Patience is required as usual, as the market is heavily oversold and buyers might "taunt" us. May the bears be with us!!!
GOLD (XAU/USD) 4-HOUR TIMEFRAME SHORTThe price for gold is moving in a downtrend, making lower highs and lower lows. Price just made a bear flag pattern, and broke out of it. We should probably see a continuation to the downside since the correction has seemingly ended. If this setup is validated, prices should rock-bottom to the 1270 area. Remember, always take your profits earlier when they come.
SASOL (SOL) 1-HOUR TIMEFRAME SHORTThis stock is moving in a downtrend, and the weekly timeframe shows a possible right shoulder forming. A break of the neckline on this weekly timeframe will signal further bearish momentum. On the 1-hour timeframe, price are trickling down as the momentary uptrend has finished and prices are below that ascending trendline, forming a series of lower highs and lower lows and also forming a series of bear flag patterns. My figures are as follows:
Entry: Now
Stop Loss:44 000
Target Take Profit: 40 000
Is it just a coincidence that the crude oil prices are also falling? We will never know.
BOSCH 4-HOUR TIMEFRAME SHORTPrices are moving in a downtrend after having broken out to the dowside of a descending triangle. After a momentary correction, prices could possibley continue further down, with a final target of around 15 600. However, nothing is guaranteed, so always take your profits earlier if they come.
CHF/JPY 4-HOUR TIMEFRAME SHORTSo the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and the target does not change as always, at the bottom of the flag pattern. Let there be bears! And may the force be with you, as we wait for the Star Wars movie to drop!
EUR/CHF 1-HOUR TIMEFRAME SHORTThe price for the EUR/CHF currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move (bear flag). At the 14400, this trade will be invalidated. The bear flag being formed are quite steep, and this may test the emotions of most breakout traders, as it would be easy to assume the price is rallying and not considering the possibility of a plunge. Hooray for my 100th idea.
May the bears be with you!
Reference: @ikramshehzad
EUR/USD 1-HOUR TIMEFRAME SHORT (AFTER BEAR FLAG PATTERN)The EUR/USD currency pair is moving in a descending channel on the 4-hour timeframe, and prices have just broken out of a counter trend (ascending channel) on the 1-hour timeframe. I expect further downside of the pair after a small consolidation (breather/correction/pause) in the form of a bear flag pattern. However note that prices might skip this stage if bears are looking for "skin" (powerful enough). This should be a good scaling trade and the target is at the bottom of the ascending channel pattern at the price level 1.11870.
NIO 1-HOUR TIMEFRAME SHORTThe price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should be a key driver for this short trade as the momentum is clearly to the downside.
ETHUSD - Just some Lines on a ChartSome simple and irrelevant lines on a chart along with the other convoluted TA out here to gorge on. I don't have any other advice other than 'see the price' and it looks like a bear flag , so maybe it isn't.
Take a gander at your Bollinger Bands on 4H with 230 Period Length @ 1.2 StdDv
More on volatility theory on DadSharks Page (see image link)
