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Bearish Patterns

EURUSD (2H) - High Volatility and Bearish MomentumOANDA:EURUSD 📶 Technical Analysis: Weekly Chart 🟢 The overall trend has been consistently bearish since October 2024, indicating a longer-term downtrend 🟢 A strong level of support has been broken and tested at 1.0500, indicating potential for further bearish movement. 🟠 In the past three weeks, volatility has significantly increased, due to a combination of fundamental factors. Daily Chart 🟢 The overall trend has been bearish since October 2024, reinforcing a larger downside momentum. 4-Hour Chart 🟡 There was a bullish trend early in 2025, but it was broken, and bearish momentum took over by the end of January. 🔴 The February opening gap, influenced by Trump tariffs, caused a strong bullish volatility before a reversal took place. 2-Hour Chart 🟢 A reversal pattern in the form of a double top is visible, suggesting that the bullish momentum has ended. This pattern has been confirmed by two lower highs and two lower lows. 🟡 Watch for a retest of the 1.035 resistance level and confirmation of the double top pattern. 🟢 A break below the recent low at 1.030 would suggest continued bearish movement. 🟠 The next strong support level on the daily chart is around 1.022, where the price could potentially stall or reverse if it moves lower. 🆕 Fundamental Analysis: 🟢 The EUR/USD dropped to near 1.0360 after the release of US Nonfarm Payrolls (NFP) data for January. 🟡 US Labor Market: The economy added 143K jobs, fewer than expected (170K), but the Unemployment Rate dropped to 4% (better than the expected 4.1%). 🟡 The Fed is expected to cut interest rates in its June meeting, but this is uncertain due to mixed signals from the labor market. Chair Powell indicated that any rate adjustments will depend on real progress in inflation or weakness in the labor market. 🟢 President Trump warned of potential tariffs on European goods, which could hurt the Eurozone economy. The Eurozone is facing increased uncertainty, with concerns about higher US tariffs negatively affecting growth. 🟢 EUR/USD faces continued selling pressure, as the Eurozone's economic outlook remains weak, especially with the risk of US tariffs and a dovish ECB. 🔤 Summary: 🟡 Neutral Position Above Red Trend Line: If the price breaks above the red trend line, it could signal a shift to a neutral position, requiring fresh analysis for clearer direction. 🟢 Bearish Continuation Confirmation: As long as the price remains below resistance and the double top formation holds, a bearish continuation is likely. 🟡 Watch for Key Breaks: Pay attention to the break below 1.030 and how price reacts to the 1.022 support level for further confirmation of the bearish trend.
Short
by boykopetevboev
BTC - Building Block - UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After breaking below the $100,000, BTC entered the Short-Term bearish phase. For the momentum to be shifted again to bullish, a break above the $100,000 is needed. 📈 Long-Term Bullish: If the $108,500 level is broken to the upside, BTC is expected to enter a long-term bullish block, initiating a new bullish phase toward the $125,000 mark. 📉 Long-Term Bearish: If the $90,000 level is broken to the downside, a long-term bearish movement toward the lower bound of the long-term bearish block, around the $75,000 mark, is expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
Crude Oil Analysis near resistance areaAs the market continues to react to various economic indicators and geopolitical developments, Crude Oil prices are currently at a pivotal point. Below are two potential scenarios based on the current market conditions. Current Analysis: Crude Oil is currently facing a critical resistance zone between $71.5 and $72.8. Based on the price action and market sentiment, I foresee two potential scenarios: Scenario 1: Bearish Reversal Resistance Strength: The resistance at $71.5 and $72.8 is strong. Expected Movement: If the price fails to break through this resistance, I anticipate a rebound, leading to a decline towards the $68-$69 area. Action Plan: Entry Signal: Monitor for bearish price action signals, such as a Shooting Star or a Bearish Engulfing Pattern, indicating a potential reversal. Entry Point: Enter a short position upon confirmation of the bearish signal. Target: Set a target at the $68-$69 range. Stop Loss: Place a stop loss at $72.8 to manage risk effectively. Scenario 2: Bullish Breakout Resistance Strength: The resistance at $71.5 and $72.8 is weak. Expected Movement: If the price successfully breaks above this resistance, I expect it to rally towards the $77-$77.5 area. Action Plan: Entry Signal: Wait for a confirmed close above $72.8, ideally accompanied by a strong bullish candle (preferably a long green candle) to validate the breakout. Entry Point: Enter a long position upon confirmation of the breakout. Target: Set a target in the $78-$79 range. Stop Loss: Place a stop loss at $71.5 to protect against potential reversals. Summary The key levels to watch are $71.5 and $72.8 for potential reversals or breakouts. I will wait for confirmation through price action signals befare takeing a decision.
NYMEX:CL1!
by dPEngineering
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURGBP has been bearish trading within the falling wedge pattern in blue. Currently, EURGBP is approaching the upper bound of the wedge. Moreover, the orange zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline. 📚 As per my trading style: As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
UJ Bears Break Andrew's Pitchfork, Time To Short??Based on the Aug. 5th Low (A), Aug. 15th High (B) & Sept. 16th Low (C) we are able to project an Up-trending Andrew's Pitchfork. After price makes a Fibonacci Retracement to the Golden Ratio (61.8%) of the Pitchfork Range, price falls to the Previous High or Point of Interest finding support to then rise and stall out at the Linear Regression or True Trendline of the Pitchfork and is unable to sustain the Higher High to only fall again while this time breaking the Rising Support of the Pitckfork. Price may continue to fall to the POI before finding support again @ the 148 - 149 range but we should expect price to retest the Break of Rising Support @ the 155 - 156 range. -If support turns resistance and holds price, this will deliver great shorting opportunities to take down to the POI and potentially all the way to the Range Target of 139 - 142! *If price ascends back into the Pitchfork range, price action is considered a False Breakout. Fundamentally, so far Feb. has been a trying month for USD where we saw last Friday, Non-Farm Employment Change came in @ 143k ( 164k Decrease from last month @ 307k which was revised up from 256k) with only a .1% down tick in Unemployment to 4%. This Week: USD Tues - Powell Speaks Wed - Core CPI/CPI, Powell Testifies Thus - Core PPI/PPI, Unemployment Claims Fri - Core Retail Sales/Retails Sales
Short
by Novi_Fibonacci