An update to the bearflag formationAs in my previous post, this is still the formation of a bearflag, this however is the image with the wedge updated as of now.
Bearish Flag
Grab 131 PIPS quick!We see a flag break, which means more continuation to the downside. Don't miss the train!
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.
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 $21.2k level and after that, it starts dropping.
I'm waiting patiently for a clear breakdown of this bear flag for opening any short position.
Invalidation level:- If it breaks the flag to the upside then this pattern becomes invalidated.
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Also, share your views in the comment section.
Thank You!
BTC what is coming 2Hello Birdies,
So all the moon boys were rekt I guess :) But yeah we nailed it to the wick the figures which we gave in the last idea hit to the decimal.
So where we are heading now? Let get to the chart.
The previous support(by fib channel) is now acting as resistance the redline and fib 0.786 is giving support for now.
We may see a little retracement upto 30,500 or if it plans to do a good correction than to 31, 300
As Per our chart the critical support is at 28700-28940 price is still holding above it but the bear flag at H2 is going to destroy it.
IMHO, the BTC is getting rejected at the support of 30k twice already if it didn't go up in a couple of hour we are going to lose 28700 too.
Weekly bear flag on BTC. A weekly chart on BTCUSD filtering out the noise. Clearly you can see the difference between first touch and bull flag (descending channel) followed by breakout to test ATH before touching 33k and now forming bear flag (ascending channel). This is a sign of upcoming downwave in BTC in the upcoming months if the price action breaks out of the channel downwards. Long story short, filter out the noise and pay attention to the charts.
Disclaimer: An educational idea only. Not a financial advise. I hold no personal positions in BTC
Band ready to hit 1$ 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.
Bullish Divergence vs Bearish Flag on BitcoinCurrently, EMA21 appears as resistance in the 4-hour timeframe. The Bear Flag formation we are in also carries the targets further down.
However, although the positive dissonance in the Relative Strength Index correlation gives us hope, the trend formed for the RSI is a harbinger of probing the lower band within the channel.
Also, another negative indicator is that the Stochastic Relative Strength Index is blinking down from the tops.
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.
$SHW BEAR FLAG BROKE DOWNBearish
- "Momentum theory" indicator turning red
- Rejected major support / resistance
- Bear flag formation
- Price broke down upward trend line
- Head and shoulder pattern
ADA bearish flag inside falling wedge#ADA/USDT
$ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame.
🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone.
🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
26-27K incoming in BTCHead and shoulder + bear flag
WHEN a support is tested multiple times, time after time, it gets weaker and is more prone to be broken down and now bulls are trapped.
Many liquidations of bulls are on the verge on happening.
Not a financial advice. DOYR.
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.
Bear flag consolidation, LONG, Dia original ideaI think we go up to 33k then 30k again, then 34k then 30k again, then we dump to 22 to 24k and that will be the bottom. Massive falling wedge
Renko breakdown.Interesting patterns forming on the Renko. Rising wedge breakdown with a retest the 8th of Feb. Bearish flag invalidated at a break of the .5 fib at 50,000.
Support building up with a series of higher lows.
USDCAD MonthlyUSDCAD Monthly chart exposes some weakness in the pair, as we have made a bear flag rejecting the old 'fair price' this and rising oil prices, should lead to a move to the downside in USDCAD in the following months.
BTC Bulltrap Bearflag 🐈⬛
I like this formation on BTC-
Looks to me like a big old BEAR FLAG ready to break some hearts
I'm going short.
-Rejected from resistance at 30766
-Volume dropping
Entry - off next bearish engulfing
Profit - measure move down to around 28600
Stop - above prev structure
ETH is bullish?ETH as usual following the KING BTC.
It has same chart patterns bearish flag with symmetrical triangle to confirm the continuation in the downtrend.
And calculating bearish flag put it into the order block which is confirmed and tested.
Also after plotting Weekly MA 50 is acting as a resistance it's about time to be hit by it
NEARUSDT: Bearish flagNEAR making a bearish flag pattern. The trigger entry is @ 14.9 if it reaches there that will give you a safe trade.
SHORT ON AUD/NZDVery nicely structured price action on this pair.
Price has broken a major support/demand zone and has formed a bearish flag pattern.
Candles have broken below the support line of the pattern and should continue falling.
Here is the play I will be taking on this trade.
P = 1.09520
SL = 1.09743 - 25 PIPS
TP = 1.08482 - 100 PIPS
First Destination of Bitcoin is $24.000Considering both the Bear Flag pattern and the Stochastic Relative Strength Index on the daily timeframe, as well as the weekly timeframe pattern, BTC's eyes are on the grave. The search for liquidity at a much lower level, in the $18-20K range, should not be overlooked. Of course, we may see an increase up to $35,000, but this possibility remains a difficult one when we consider the correlation to the US500 and US100 parities.
Bitcoin Looks Down AgainThe situation of the stochastic relative strength index is clear, BTC seems to have drawn an obvious ABCD setup as a formation and moreover, an overt bear flag. If we take into account the existence of volatility and fear, a negative trigger can bring very heavy sales.
