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Bearish Patterns

bnb sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
UCAD Bears Turn Liquid After 4% Decline From Feb. HighOANDA:USDCAD has been trading in a Sideways Consolidation for 2 months now and last week finally delivered a Breakout! After the massive rally to 1.47926, price immediately plummeted down to not only fall back into the Consolidation Range but to then Breakout of the Support of that Consolidation. This Breakout is followed by massive Bearish Volume on top of RSI breaking down below 50! Price has satisfied all the Breakout Rules determining its validity, now to wait for a Retest of the broken support around the 23.6% Fibonacci Level or approx. 1.43 area for potential Short Opportunities to take down to the 1.41 area! Fundamentally, USD: Tuesday - Empire State Manufacturing Index/ President Trump Speaks Wednesday - FOMC Meeting Minutes Thursday - Unemployment Claims/ Philly Fed Manufacturing Index/ Crude Oil Inventories Friday - Flash Manufacturing PMI/ Flash Services PMI/ Existing Home Sales CAD: Tuesday - CPI Friday - Retail Sales/ BOC Gov Macklem Speaks
Short
by Novi_Fibonacci
1
doge sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
USDCAD (4H) - Bearish Break of Consolidation ZoneOANDA:USDCAD 📶Technical Analysis: Weekly Chart: 🟠 Price is in a long-term bullish trend, confirmed by a trendline formed since 2021 and 3 MAs aligned bullish. 🟡 Price tested major resistance at 1.4600-1.4700, which was previously tested in 2016 and 2020. 🟢 Strong pullback after testing resistance, indicating a potential bearish reversal pattern. Daily Chart: 🟢 Strong bearish candle on the daily chart confirms that the weekly resistance holds. 🟡 Price volatility influenced by Trump's tariff decision. 🟢 The bearish momentum on the daily chart confirms the trend reversal from bullish to bearish. 🔴 The next strong support is around 1.3900, where the price has failed to break five times. 4H Chart: 🟡 Price has been consolidating since Dec 2024 between 1.4450 (resistance) and 1.4300 (support). 🟡 Price initially broke above the range due to tariff news but quickly returned to the consolidation zone. 🟢 Strong bearish candle broke through the lower support at 1.43, signaling potential bearish continuation. 🟢 The break of support suggests a bearish outlook, with the next targets near 1.3900. 🟢 The Moving Averages (MAs) are crossing, indicating a potential shift to a bearish trend. 🔤 Summary: 🟡 Waiting for a retest of the broken 1.43 support level to confirm the bearish trend continuation. 🟡 Expecting a correction in the bearish trend with the formation of additional signal candles that confirm the bearish momentum after the retracement. 🟡 Watch for the formation of bearish candles after the correction, either near the broken support level or EMA levels for confirmation before entering the bearish trade.
Short
by boykopetevboev