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Bearish Flag

A bear flag in Platinum!Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown. Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support level broken once last week. We expect some downward pressure on prices in the short term, favoring a short position. Entry at 936.7, stops at 945. Target at 914. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
NYMEX:PL1!Short
by inspirante
BTC: BEARISH PATTERN IN LTF!! WAIT FOR BREAKDOWN!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. Our previous analysis went perfectly accurate. We told you to open a long position when BTC was at $18k and pumped to the $20.8k level from there. Hope you guys make good money. Now, BTC is forming a bearish flag-like pattern in 1hr time frame where we still did not get the breakdown. We might test one more time to the upper trendline of the flag which is at around the $21.2k level and after that, it starts dropping. I'm waiting patiently for a clear breakdown of this bear flag for opening any short position. Invalidation level:- If it breaks the flag to the upside then this pattern becomes invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
5
BTC what is coming 2Hello Birdies, So all the moon boys were rekt I guess :) But yeah we nailed it to the wick the figures which we gave in the last idea hit to the decimal. So where we are heading now? Let get to the chart. The previous support(by fib channel) is now acting as resistance the redline and fib 0.786 is giving support for now. We may see a little retracement upto 30,500 or if it plans to do a good correction than to 31, 300 As Per our chart the critical support is at 28700-28940 price is still holding above it but the bear flag at H2 is going to destroy it. IMHO, the BTC is getting rejected at the support of 30k twice already if it didn't go up in a couple of hour we are going to lose 28700 too.
Short
by BlackBirdTrading
1
Weekly bear flag on BTC. A weekly chart on BTCUSD filtering out the noise. Clearly you can see the difference between first touch and bull flag (descending channel) followed by breakout to test ATH before touching 33k and now forming bear flag (ascending channel). This is a sign of upcoming downwave in BTC in the upcoming months if the price action breaks out of the channel downwards. Long story short, filter out the noise and pay attention to the charts. Disclaimer: An educational idea only. Not a financial advise. I hold no personal positions in BTC
INDEX:BTCUSDShort
by shivam94_007
2
Band ready to hit 1$ soonAs you can see BAND just printed a bearish flag in a 4h time frame chart. Taking in to account the current market situation i think that we can expect a retest of the lower trend line of the flag. That is too a retest of the 55 4h exponential moving average and the retest of a strong broken support. I will open a short position at 1.428$ with stop loss at 1.56$ and targets 1.01$, 0.76$ and 0.57$. I will be glad to see what do you think in the comments and if you agree with me don't forget to give me a like, it helps a lot.
Short
by piccard54
BANKNIFTYHello and welcome to this analysis on Bank Nifty The steep gap down on Monday breached a very crucial support zone of 33800-34000. Post the gap down we saw attempts of recovery which appear more sideways with a very minor higher low higher high bias. The structure appears to be making a Bearish Flag with the prior decline as the Pole. We can see a squeeze formation so far in it in lower time frame. It is indicating one more attempt for 33800-34000 before it resumes downward move towards 32500 and lower.
NSE:BANKNIFTY1!Short
by Dinesh_C_Nagpal
Bearish Flag on GBP/AUD @ H4What we see here is a classic bearish flag on the 4-hour chart of the GBP/AUD currency pair (Great Britain pound vs. Australian dollar). It offers a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 1.71831 ). My potential stop-loss level is marked with the red line ( 1.73600 ). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
Short
by AndriyMoraru
1