AUDUSDIs AUDUSD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600 What you guys think of it?
Bearishdivergence
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity
Overview:
At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend.
Technical Indicators:
Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure.
Trade Setup:
The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure.
Risk Management:
To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy.
Market Context:
Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing.
Future Outlook:
In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024.
Conclusion:
This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount.
Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
USOILIs USOIL exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
USDJPY: 3 Line Strike at the PCZ of a Bearish BatSimilarly to around the same time last year when USDJPY was at these levels, it had developed a 3 Line Strike at the PCZ of a Bearish Harmonic, and if it goes like last year, this will result in at least a few months of downside on this pairing.
There is also some Bearish Divergence formed on the RSI at this level.
Additionally, there is a much bigger Macro Bearish Butterfly setup that can be seen here:
ADAUSDTIs ADAUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.3100
What you guys think of it?
Welltower: Bearish Gartley with Bearish Div Looking to Fill GapWelltower is yet another Real Estate focused stock that I have been tracking in anticipation of its potential downside. Yesterday they had earnings and it was nothing that impressive, so I think the Bearish RSI Divergence at this PCZ will take over and bring it down to at least $53.40 to fill the downside gap from here
Netflix: Bearish Crab with Bearish ConfirmationNetflix recently traded just above the HOP level of a Bearish crab and has since gapped down below the 1.618 PCZ and given us a Bearish Divergence on all Oscillators as well as PPO Circle Confirmation. We could see Netflix begin a full retrace of the Harmonic range from here.
LLY Bearish Confirmation Put in at the 3.618 Fibonacci ExtensionLLY has given us Bearish RSI Confirmation at the 3.618 Fibonacci Extension and now looks to push below the $580 level. This could quickly devolve into LLY making a much deeper Bearish Retrace that would bring it below trend. At that point, we could very well see LLY come all the way back down to fill the gap at $163.42
CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 165.10 followed by 164.
What you guys think of it?
Google: Bearish Deep Crab Dark Cloud Cover Type 2 Return EntryGoogle, after its initial bearish reaction to the PCZ, has returned to the PCZ as the RSI managed to make a 3rd lower high and is set up to give us an impulsive move downwards in the coming days. We also confirmed a textbook Dark Cloud Cover today after the rejection of the ascending trend line.
I think we will see extreme downside from Google pretty soon that will undo most, if not all of its 2023 upside price action.
/ES: Bearish Bat Still Targeting $4250 or Lower/ES formed another level of MACD Bearish Divergence near the HOP of this Bearish Bat, and from the $4,400 level of interest after briefly peaking above it. During the PPI release, it has peaked back above it again, but on what seems to be less relative strength, so I overall suspect that it will fail from here and come down to test $4,350, and if that level doesn't hold, then it will likely go all the way down to the lower support range of $4,250, where it will then be in danger of breaking below the trading range entirely, which would take it potentially to or even below $4,000 really fast.
CFXUSDTIs CFXUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1400 followed by 0.1200.
What you guys think of it?
Stellantis: Bearish ABCD with Multiple Monthly ConfirmationsStellantis: The Nvidia of Autos has formed a Bearish ABCD that is visible on the Monthly Timeframe with MACD Bearish Divergence and Bearish PPO Confirmation. If this plays out, we could see this go towards the C level, which aligns with the 0.786 retrace at €4.48
Bitcoin is bearish now and many Traders don't see it !!!As you can see, the price has reached the ceiling of the ascending channel and also completed its five ascending waves, and now it is time for the ABC correction wave to begin. Also, the negative divergence in the MACD makes this signal stronger.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
EURUSD: Bearish Bat with MACD Bearish DivergenceWe have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence.
Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it does, I don't think $1.05 will hold but that it will instead break and make its way towards $1.035. I think we will continue this trend until the Euro Is Back Below A Dollar.
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5760 followed by 0.5700.
What you guys think of it
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
COSTCO: Bearish Butterfly with PPO and MACD Bearish DivergenceCostco has formed a Bearish Butterfly that lines up with the 0.786 retrace and is testing the zone for the second time with PPO Bearish Confirmation Arrows on both tests, PPO Bearish Divergence, and MACD Hidden Bearish Divergence. This looks like it could be setting up to revisit the lower half of the range.
CADJPYIs CADJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 109.30 followed by 108.
What you guys think of it
PYPL: Bearish Gartley Looking for Continuation Down to $45.64PayPal has generated another Bearish Harmonic, this time in the form of a Bearish Deep Gartley, and if it gets below $63 this week, I expect that it will make a significant move towards the 1.618 Fibonacci extension that happens to land at $45.64.
In addition to what I pointed out above, we also have Bearish Divergence on the MACD and RSI.
SPXL: Bearish Deep Crab with PPO Confirmation at HOP LevelThis is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
USDCHFIs USDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600.
What you guys think of it