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Bearishbreakdown

FIL/USDT Short Setup on Rising Channel BreakdownThis chart showcases a short position on FIL/USDT after a breakdown from a rising channel pattern. The price respected the upper and lower boundaries of the channel before breaking below the support, signaling a potential bearish continuation. Key Levels Entry Price: Around 5.39 (near the channel breakdown point) Stop Loss: Set at 5.59 (above recent resistance) Take Profit Target: Approximately 4.73 (aligned with prior support and pattern projection) Technical Insights Rising Channel Pattern: Generally bearish when a breakdown occurs, indicating a loss of bullish momentum. Bearish Confirmation: A strong downside move with momentum below the lower trendline enhances the validity of this setup. Risk-to-Reward Ratio: The setup offers a good R:R, making it an efficient short trade opportunity if market conditions align. Traders can watch for further confirmation, such as volume spikes or retests of broken support levels acting as resistance, before adding to their positions.
Short
by wolfchemist
11
DXY just printed 3 red soldier pattern on the 1day chart3 red soldiers, also known as 3 black crows, is when the price action forms 3 candles in a row of similar body length with very small wicks on both ends of those candles. This usual signals that there is more downside to come. We can also see here that we have now closed to full candle bodies below the ascending channel for the first time. The measured move breakdown target from the channel is at $96. I would not be surprised if we saw a dead cat bounce back up to retest the bottom trendline of that channel as solidified resistance before the full breakdown Also of note is the 200 weekly moving average (not shown here) is currently around 100.25 so that could provide at least temporary support before it reaches the full breakdown target of the channel. *not financial advice*
TVC:DXY
by DrDovetail
/ES Is Set Up to Break Below The Equidistant ChannelBack in August, the SPX traded at the PCZ of a Bearish Butterfly with some Cypher Confluence and I played it through SPXL, a 3x Return ETF via puts, as seen here: At the same time, the E-mini futures were trading at the PCZ of a Potential Deep Gartley which we now know to be a little bit more than Potential. Since then, it has broken through Local Supports and has formed a small intraweek trading range that seems to have been working on a redistributive price action over the last few weeks, as week by week, Positive Interest has continuously weakened and Negative Interest has gotten more and more aggressive. If this trend continues into the upcoming trading session, we will likely break below the range this week and target the levels of $3700-$3600, which would take us below all the Demand Lines of the Equidistant Channel. This would then set the price up to begin a bigger Bearish move that could end up taking it all the way back down to the 2020 and 2016 support levels.
CME_MINI:ES1!Short
by RizeSenpai
1
If 1 hr head and shoulders reaches full breakdown trgt= 19.5k1 hour patterns tend to not reach their full targets a lot more often than the time frames that are 1 day or longer…however if we are still inside the larger downtrend then hitting the full target is a high probability. Lots of doom expected this week which could lead to further bearish patterns after this one. Will have to wait and see if we can get an encouraging bounce once this breakdown is over. *not financial advice*
GEMINI:BTCUSD
by DrDovetail
Luna triggers h&s pattern after ust depegs from the dollar. We can see it overshot its breakdown target due to the immense fear, uncertainty, and doubt created after UST de pegged from the dollar twice over the weekend. Now that it has reached its breakdown target its uncertain of whether or not it wills top dumping but we can see in the process it has created a lower low which is not a good thing for maintaining its overall uptrend. However Bitcoin has yet to form a lower low until it dips below 28650 or so. If bitcoin ultimately forms a higher low before it’s next uptrend there is a chance it can pull luna up with it. For now Luna looks very ugly, so I can’t in good conscious even entertain buying the dip at the moment.
by DrDovetail
$DEFI/USDT 6h (Binance Futures) Rising wedge breakdown & retestDeFi index lost 50MA support that was holding the up-trend and finally broke bearish. Now retesting the wedge, seems like retracement is in play short-term before resuming bullish again! Current Price= 2476.9 Sell Entry = 2495.9 - 2616.9 Take Profit= 2263.2 | 1986.6 | 1790.0 Stop Loss= 2810.3 Risk/Reward= 1:1.15 | 1:2.24 | 1:3.02 Expected Profit= +22.94% | +44.58% | +59.96% Possible Loss= -19.86% Fib. Retracement= 0.382 | 0.382 | 0.5 Margin Leverage= 2x Estimated Gain-time= 3 weeks
Short
by TradingOn
$ICP/USDT 4h (Binance Fut.) Descending channel under resistanceInternet Computer Protocol (formerly known as Dfinity) has broken bearish after ascending TL was lost. Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down. Current Price= 63.24 Sell Entry = 63.98 - 67.14 Take Profit= 58.63 | 53.85 | 49.48 Stop Loss= 71.42 Risk/Reward= 1:1.18 | 1:2 | 1:2.74 Expected Profit= +21.14% | +35.72% | +49.06% Possible Loss= -17.88% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 2x Estimated Gain-time= 10 days
Short
by TradingOn
H&S reaches its precise measured move breakdown target.BTC has dropped 50% from it's all time high as the pi cycle top indicator has essentially been validated here...however this does not necessarily mean the end of the bull market. We have now seen a healthy bounce once the priceaction reached the exact drop target from the h&s pattern of 30k....anything above 28.7k gives us a higher low on the weekly....normally i look for higher lows and highs on the daily chart but we may have enter a new macrocosm to where a bull market can continue as long as there is a higher low on the weekly instead...time will tell soon enough....there's no guarantee this isn't anything more than a dead cat bounce. However, we can see the hash ribbon indicator is once again very close to a buy signal and it has been quite reliable in the past so this may very well have been the correction. We will have to see where this bounces....regaining 40k as solidified support before the weekly close would be a very optimistic sign. Ideally to see bullish continuation I'd want to see the weekly candle close with the weekly 21ema as support...it's only Wednesday so plenty of time for that still to occur. if this is a dead cat however we need to entertain the possibility that we could fall as low as the weekly 200ma. for now I am neutral.
COINBASE:BTCUSD
by DrDovetail
$BTC/USDT 3 (Binance Futures) Symmetrical triangle breakdownBitcoin is looking weak on Low Time-Frame after that bearish break and pull-back, retesting 100EMA right now. Many altcoins are pumping while ranging but let's hedge with that set-up in case market goes south! Current Price= 55746.98 Sell Entry= 55768.97 - 56369.97 Take Profit= 53900.81 | 51643.73 | 49482.45 Stop Loss= 58238.13 Risk/Reward= 1:1 | 1:2.04 | 1:3.04 Expected Profit= +19.35% | +39.45% | +58.75% Possible Loss= -19.35% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 5x Estimated Gain-time= 10 days
Short
by TradingOn
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter. If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long! Current Price= 0.9360 Sell Entry= 0.9329 - 0.9569 Take Profit= 0.8769 | 0.8124 | 0.7371 Stop Loss= 1.0018 Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65 Expected Profit= +14.40% | +28.04% | +43.98% Possible Loss= -12.04% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 2x Estimated Gain-time= 120h
Short
by TradingOn
2