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Bearish Patterns

Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart)Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart) 1. Price Action & Candlestick Pattern Analysis • The Piercing Line pattern on the daily chart is typically a bullish reversal signal, appearing after a downtrend. • However, today’s strong bearish follow-through (big red candle) invalidates the bullish intent of the pattern. This signals weakness in buyers’ strength. 2. Volume Spread Analysis (VSA) & Market Sentiment • Volume change is negative (-5.8%) with an increase in spread (74.95%), which means there’s a wider price range with less participation—suggesting weakness in demand. • Weak buying pressure across lower timeframes (1H, 4H, 8H) confirms that any bounce is likely to be short-lived. 3. Support & Resistance Zones • Key resistance at 2,956-2,972 (VWAP Upper Band & Liquidity High) acted as a rejection zone. • Key support at 2,888-2,891 (VWAP & VSA Liquidity Low). This is the level to watch for potential breakdown. 4. Momentum & Trend Analysis • The bearish momentum is strong across multiple timeframes (1H, 4H, 8H). • Price failed to hold above 2,932 VWAP, confirming further downside risk. 5. Order Flow & Market Strength • Negative Delta on footprint charts shows that sellers are dominating order flow. • Absorption at 2,899-2,900 suggests smart money is still distributing, not accumulating. Outlook & Trading Plan Bias: Bearish Outlook (Short Continuation Expected) • Entry: Sell Below 2,891 (Breakdown confirmation) • Stop Loss: 2,920 (Above rejection zone) • Take Profit 1: 2,863 (Liquidity Low) • Take Profit 2: 2,850-2,810 (VWAP Lower Band zones) • Confidence Level: 75% Justification for Trade: • The Piercing Line failed to reverse trend. • VWAP breakdown & weak volume structure confirm bearish continuation. • Momentum remains bearish, with weak demand signals. 👉 Conclusion: Gold remains bearish unless bulls reclaim 2,932-2,956. Short positions favored on breakdown.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Why the Piercing Line Failed to Reverse the Trend?Why the Piercing Line Failed to Reverse the Trend? A Piercing Line pattern is a bullish reversal signal that appears after a downtrend. However, this pattern failed to reverse the bearish trend in today’s price action due to the following key reasons: 1. Lack of Follow-Through Buying • A strong Piercing Line requires the next candle to be bullish, closing above the previous day’s high, confirming a shift in momentum. • Instead, today’s candle is a strong bearish engulfing bar, completely wiping out the bullish intent. This shows sellers overpowered buyers immediately. 2. Rejection at Key Resistance (Supply Zone) • The price attempted to push higher but got rejected at 2,956-2,972 (VWAP Upper Band & VSA Resistance). • Liquidity absorption at this level suggests smart money selling into strength, not accumulation. 3. Weak Volume Confirmation • A strong Piercing Line should come with increasing volume, indicating strong buying pressure. • Volume was weak (-5.8%), meaning there was no real commitment from buyers. • A spread increase (+74.95%) without volume support suggests a liquidity grab rather than true demand. 4. Order Flow Shows More Aggressive Selling • Delta is negative, indicating more market sells than buys. • The footprint chart shows large sell orders dominating, meaning big players are still offloading. 5. Bearish Momentum Dominates Lower Timeframes • 1H, 4H, and 8H charts show bearish continuation patterns with price breaking key VWAP levels. • No higher highs or strong demand zones were created, meaning bulls are not defending. Conclusion: No Bullish Confirmation → Bearish Continuation A Piercing Line is only valid if buyers sustain momentum. Since today’s session completely erased the bullish signal, this is a failed reversal and more downside is expected. Trade Plan (Bearish Bias) • Sell Below: 2,891 • Stop Loss: 2,920 • Target 1: 2,863 • Target 2: 2,850-2,810 👉 Key Takeaway: Price action alone is not enough. Volume, order flow, and momentum must align for a true reversal.
FX:XAUUSDShort
by ICHIMOKUontheNILE
OM Short Trade OpportunityMarket Context: OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement. Trade Details: Entry Zone: Around $7.7 Take Profit Targets: $7.0 $6.1 $5.4 Stop Loss: Daily close above $8.3 This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
Short
by Richtv_official
COQUSDT: The Market Squeeze—Reversal or Breakdown?COQUSDT at a Turning Point: Is the Bottom in? COQUSDT is sitting at a critical juncture, hovering near $0.007427, a level that’s still 56% above its all-time low but nearly 89% off its peak​. After weeks of sideways action, buy volumes have surged at key points, hinting at possible accumulation​. But with RSI (14) at 35.6, are we witnessing the final stages of oversold conditions, or is there more downside ahead? The 200-day MA looms at $0.010096, far above the current price, showing just how deeply this asset has been discounted​. Momentum indicators suggest that COQUSDT is battling heavy resistance at $0.008245, a level that could determine the next leg of movement. The question is: Are bulls strong enough to flip this level into support, or will bears force a retest of the lower range? With a mix of increased buy-side activity and lingering bearish pressure, the market is at a crucial decision point. Will we see a breakout to test the 100-day MA at $0.009132, or is another sell-off lurking around the corner? Buckle up—this could be the moment traders have been waiting for. Roadmap: COQUSDT’s Recent Patterns – Are We Seeing a Reversal? The market never lies—price action is the ultimate storyteller. Over the past few sessions, COQUSDT has been flashing some intriguing signals. Let's break down the key patterns that played out, separating the noise from the real moves. February 21, 20:00 UTC – Buy Volumes Surge A major Buy Volumes pattern kicked in as COQUSDT opened at $0.008589 and closed higher at $0.008975, testing resistance near $0.009193​. The setup suggested an upward continuation, but was it enough? February 21, 21:00 UTC – Confirmation of Strength Bulls doubled down with another Increased Buy Volumes pattern, pushing the close up to $0.009475, hitting a session high of $0.009639. This confirmed the previous signal—buyers were stepping in aggressively. February 22, 08:00 UTC – VSA Buy Pattern 4 Appears The formation of a VSA Manipulation Buy Pattern 4th hinted at accumulation. The price action showed a minor retrace before stabilizing at $0.009158. However, the real test was ahead: Would buyers maintain control? February 23, 13:00 UTC – A Battle at Resistance A powerful VSA Manipulation Buy Pattern 3rd formed, keeping the buy-side momentum alive. The asset climbed further, closing at $0.009186—almost a direct follow-through from the prior pattern​. February 23, 16:00 UTC – Bears Strike Back A major shift came as a Sell Volumes Max pattern emerged. The price reversed hard, closing down at $0.008515, marking the first sign of bearish dominance since the rally began. February 24, 15:00 UTC – Sell Pressure Increases Following the sell-off, the next candle confirmed more downside pressure with an Increased Sell Volumes pattern. The close at $0.007824 meant the bulls had officially lost their grip—momentum had shifted. February 24, 16:00 UTC – Buyers Attempt a Comeback Just when things looked bleak, a Buy Volumes Max pattern emerged. The asset rebounded slightly, closing at $0.007895, attempting to reclaim lost ground​. The takeaway? The buy-side momentum played out correctly up until February 23, proving that the earlier bullish patterns were accurate indicators of the rally. However, the sell signals on February 23-24 completely flipped the script, showing how fast sentiment can shift. What’s Next? If buy volumes continue to build, we could see another attempt at breaking resistance around $0.008245. But if the sellers maintain control, expect further downside pressure. Stay sharp—this market is moving fast. Technical & Price Action Analysis: Key Levels to Watch Levels don’t lie—price respects structure, and smart money knows where liquidity is stacked. Here’s the real deal on support and resistance for COQUSDT. If a level doesn’t hold, expect it to flip into a new battlefield for bulls and bears. Support Levels: $0.005691 – First line of defense. If buyers don’t step in, we could see a deeper dive. $0.00551 – The last standard support before things get ugly. A break below could open up a liquidity grab. Resistance Levels: $0.008245 – Immediate ceiling. Needs a strong push to flip bullish. $0.009099 – A key decision point. Rejection here and sellers will pile in. $0.010465 – A major pivot area. Break and hold above? We’re talking trend shift. $0.011432 – Bulls need to own this level for sustained momentum. $0.012347 – The breakout zone. If we see clean closes above, the game changes. Powerful Support Levels: $0.01302 – The fortress. If COQUSDT ever gets back above this, it’s game on for bulls. Remember: If these supports fail, they become resistance. That’s how price action works—liquidity zones shift, and traders reposition. Watch the reactions, manage risk, and don’t get caught on the wrong side of the play. Trading Strategies Using Fibonacci Rays Understanding price action means reacting to movement, not predicting levels. My proprietary Fibonacci Rays method helps identify dynamic zones where price interacts before making its next big move. Each ray serves as a pivot, defining whether price rejects or continues. These rays are already drawn on your chart, intersecting with VSA patterns and Moving Averages, giving you a structured roadmap for trades. Let’s break down the possible scenarios: Optimistic Scenario: Breakout & Trend Continuation If COQUSDT interacts with a key ray and confirms bullish movement, we ride the trend from one ray to the next, securing targets along the way. Long Entry: Above $0.008245 (First Resistance) Target 1: $0.009099 Target 2: $0.010465 Target 3: $0.011432 (Major trend shift) Invalidation: Below $0.008000 (Rejection from ray) Aggressive Long: If price reclaims MA50 ($0.008452) Target 1: $0.009132 (MA100) Target 2: $0.010096 (MA200) Invalidation: Close below MA50 with volume spike Pessimistic Scenario: Rejection & Trend Weakness If price interacts with a ray but fails to confirm strength, we look for short opportunities targeting the next dynamic level. Short Entry: Below $0.008245 (Failed breakout) Target 1: $0.007427 (Current support) Target 2: $0.005691 (Deeper correction zone) Invalidation: Close above $0.008500 with strong momentum Breakdown Short: If price loses MA50 and MA100 together Target 1: $0.00551 (Final major support) Invalidation: Price reclaims MA100 & MA50 with buy volume 💡 Key Takeaway: Positions should be taken only after price interacts with a ray and confirms movement. No blind entries—wait for market structure to guide you. Every ray crossover is a checkpoint, where price moves from one level to the next, giving traders a clear trade flow. What’s Next? Let’s Talk Strategy! Trading is all about understanding key reaction zones—that’s why I lay everything out before price makes its move. If you found this breakdown useful, make sure to Boost this idea and save it—check back later and see how price respects the levels. That’s how you sharpen your edge in the market. Got questions? Drop them in the comments! I always check and reply when I can. Let’s discuss setups, levels, or anything that needs clarification. My Fibonacci Rays indicator does all the heavy lifting—mapping levels and rays automatically. It’s Private, but if you’re interested in using it, shoot me a DM. Want a breakdown for your favorite asset? I can analyze any chart—some ideas I post for free, while others we can discuss privately. If you have something specific in mind, let’s talk! And remember—these rays work on ANY asset. If you want me to chart a specific one, hit Boost and drop a comment—I’ll get to it when I can. If you’re not following me yet, now’s the time. Stay ahead of the market with my latest updates right here on TradingView. 🚀
BYBIT:10000COQUSDT.PLong
by brandlabelden
HIGH TIMEFRAME FVG STRIKES AGAINThey say look to the left right? Here we can clearly see the benefits of plotting previous level FVG's on higher timeframes, as well as basic daily liquidity. When plotting like this, it helps in contract selection. As options traders we're looking to make the most out of the market right? Whats sexier than a contract going from like .10 to $200!? By plotting liquidity and FVG's, we are aided in contract selection and it takes a lot of the hoping and wishing out of the trade. Are we sweeping liquidity or not? Are we on track to reach a higher timeframe FVG or not? Make sure you have your contract levels planned prior to market open so you can take advantage of these life changing moves! My ideal entries. This doesn't always happen but its nice when it does! - Break of 30m PMKT ORB (initial entry) - Break of 15m ORB (add) - Break of 30M ORB (add) - Break of FVG (SELL!!!) Just look to the left! Draw the lines, draw the boxes. and don't panic, you got this! The blue shaded box at the bottom is a previous FVG plotted from the 6HR timeframe
AMEX:SPY
by joshblack526
xrp sell limit 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
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
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