CLF has confirmed the breakdown of a Bearish Dragon and has tested the 200 SMA and the Weekly Support Resistance Level of $14.37 as Resistance again. Now I am going to be looking for CLF to come down to make a 0.886 retrace from here, which should take it down to about $6.5 as it completes the Bearish Dragon
Hewlett-Packard, after making five macro waves up, has formed a Bearish Structure that can only be described as being a hybrid between a Diamond and a Head and Shoulders pattern, and along with that, it is also a combination of a Bearish Dragon and Bearish BAMM. All of this is happening after HPQ faced rejection off of the PCZ of a Bearish Crab going into its 5th...
A bearish dragon pattern is detected that could, in this case, develop into a bullish anti-butterfly. The theoretically expected target is Fib .786 (approx. 22.9k), but the trendline would interfere with this process. So the modified immediate target is Fib. 65 (approx. 23.9k). However, if BTC makes such a new low on the daily timeframe, Elliott-wise 5 wave...
There is a Head and Shoulders pattern that has formed at the PCZ of a Bearish butterfly; it is also breaking down the trend line of a Bearish Dragon and the likely target seems to be $129.
CBA, Australia's Biggest Bank, is currently breaking down below a trend line after previously confirming Bearish Divergence on the monthly MACD and RSI, and the nearest strong support level is all the way down at around the levels of $40–$22. This may be the ultimate sign that we are about to see a significant greater move down of the global financial sectors...
The ASX200 has printed a Dark Cloud Cover visible on the weekly chart within the Potential Right Shoulder of a Head and Shoulders pattern as it breaks down below a Bearish Dragon Trend Line as the RSI enters the Bearish Control Zone. All of this data put together leads me to believe that it will experience some significant bearish price action in the future and...
ETH right now looks to have formed a Logscale Bearish Dragon on the Monthly and right now is showing Weakness at Resistance if it breaks down this Bearish Dragon we will see it come to the 0.618 Retrace below as a target one for the Bearish Dragon but this could also lead to a Log Scaled Bearish Bat Action Magnet Move down to the 0.886 Retrace. I believe Money...
JPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
BTC tried the Gann Square's arc and stagnated there for a while - the chart is developing precisely as we predicted . After the black swan summons the dragon, a cypher (.786) or a shark (.886) pattern is expected next. Usually, the chart rebounds approximately between 0.5 and 0.618, even when the consecutive pattern formation isn't inhibited. However, we...
BTC has been rejected at the apparent resistance of the 25200 zone. Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach. Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red). The bearish dragon's target would be 0.618 (20104) -0.786...
With a harmonic black swan's fluttering, BTC has broken the daily trendline (green) as the support, forming a red, bearish dragon pattern. This price action is precisely what we predicted in our previous idea . Please look at the related ideas for the further development expected to follow.
This is a sequel to my previous idea . As we predicted, BTC substantially formed a bearish seahorse pattern, which induced a sharp drop already matching a roughly 1.5 BC extension from point D. I expect a bearish dragon follows next. The target is 0.786 retracement from the top to the "tail" (point X) of the sea horse, which is approximately the 21200-21250...
There are quite a few reasons the charts have given me a reason to believe ETH could at least see $168.1- $128.87 that I'v posted before, but there's also some reason to suspect ETH will lose 100 Billion Dollars in Market Cap to which I have also posted. These arguments can be found in the related Ideas Section. This here is simply the price chart variant of those...
We do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out. This is simply just me revisiting the chart as we have gotten both a Bearish Backtest of the old uptrend and have broken through the neckline of the Bearish Head and Shoulders.
ETHBTC is forming a very bearish pattern. A 0.786-0.886 retracement is likely if the red trendline is broken. After a pullback, such a bearish movement could trigger another bearish pattern, 5-0. Merely a theoretical possibility, but this is one of what the holders should be prepared for.
We have a Bearish Dragon and BAMM on Ethereum that looks to target $1179-$1100
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out.