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Bearish Flag

SOLPRICE ACTION: • A steep downwards price action initiates from (1) till finding first resistance (2), creating the flag's pole. • Price action reverses direction from (2) and forms higher lows and higher highs in a narrow flag formation till it finds the highest support in the formation at point (3). • The pattern is completed when price action reverse direction from the last touch to the upper flag border and goes downwards till it breaks the lower border at point (4).
Short
by Adam-Robinson
1
#Bitcoin Potential Bear FlagHi everyone, Thank you for considering reading my idea. I think we are forming a bear flag with two potential targets. Target 1: If we break down the lower line of the flag, target could be at $29,000. Target 2: If we get supported and break R1 but get rejected on R2, target could be at $30,800. Let's see if this pattern will get invalidated. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Follow me on my Twitter as well linked below. Cheers, Juvs
BITSTAMP:BTCUSDShort
by Juvssss
6
#Bitcoin Bear FlagHi everyone, Thank you for considering reading my idea. Another Bear Flag that is related to my previous bear flag linked in the Related Ideas below. We decisively closed below the flag. Drawing a Fibonacci Retracement from 32923.45 low to 39200 high, the 2 targets almost exact or near the 0.786 and 1.272 levels. Target size are based from the previous downwards price action. Target size 1 at $34,250 (0.786 level of the Fib Retracement) Target size 2 at $31,000 (1.272 level of the Fib Retracement) A retest of resistance could be at $37,700 (0.236 level of the Fib Retracement). This could also be a fake out to the downside just like what happened on Jan 24. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Follow me on my Twitter as well linked below. Cheers, Juvs
BITSTAMP:BTCUSDShort
by Juvssss
2
BITCOIN IMPORTANT UPDATE! $28K INCOMING OR NOT?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC/USD update. BTC is still not looking too good and every bounce is looking like an opportunity to sell. As you see in the chart, BTC is forming a bearish flag-like structure and currently trading inside the flag. If BTC breaks down from this bear flag then ready for $28k As you saw in the chart, in previous we have also seen this bear flag-like structure two times and after the breakdown, both the time BTC drops almost 21% so if BTC breaks down this time then the same scenario repeats and BTC hits $28k level. I know some of you don't like this scenario and personally, I also don't want that it becomes true. I'm happy to be wrong but we can't ignore the facts. We have to be ready for every possible scenario. Trading is not about emotions. You have to keep your emotions aside and take action accordingly to what you see in the charts. Invalidation Level:- If BTC daily candle breaks and close above $40.5k then this chart becomes invalid. If you like this idea then do support it with like and follow. Also, share your views in the comment section.
COINBASE:BTCUSDShort
by CoreCrypto1
11
AUD / USD 0.71588 -0.15 % SHORT IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE AUD / DOLLAR * The PAIR has been trading in a possible descending channel , we just had a break of structure possibly signaling continuation to the down side. - Short term the pair is in a down trend in a possible bear flag pattern on the 4h chart this. - Looking for short entries on the THE PAIR this week should all the rules of the formation be met. PREVIOUS SET UP ON THE PAIR BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
BTCUSDT is creating another bearflag?The price is creating another bear flag above the weekly support. After the rejection from the supply zone, the price had a breakout from the weekly support, and not the market is testing the 35k weekly support below the daily resistance. We could see a pullback until 0.382 - 0.5 Fibonacci level before a new leg down. How to approach? IF the price is going to have a breakout from the 35k and retest the previous support as new resistance we can look for a new short position applying our rules. Be Aware of this support, because it's red support. it means that it's a weekly structure and you could see false breakouts. Next valid support is 30k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
12
EURUSD possible scenarios 🦐EURUSD on the daily chart has reached as expected the weekly support ar the 1.11500 level. The price as predicted on our previous idea after the break of the channel and the test of the 0.618 moved with a bearish impulse to the weekly support. Being the end of the month we can expect 2 possible scenarios: - If the price will bounce over the weekly chart and provide us a sign of inversion we can consider a long order - If the bear pressure will increase and break the support area we can wait for the retest of it and according to Plancton's strategy set a nice short order. which of the 2 you see more feasible? –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
10
Bear Flag vs Bull TrapLast 2 weeks have been bearish through APPL and TSLA earnings. Attention now turns to Amazon earnings (feb2) as they teeter on oversold RSI and below 2yr support. Not regaining this support from bad earnings will likely see this S&P bearish flag breakout to the downside. Canadians wielding pitchforks and torches, Russia and nato saber rattling and China facing off with covid olympics, I’m not feeling too bullish this week. There were some positive flows in futures Friday morning that ended with a strong rally to end the week in a better position for a gap up Monday to lower negative gamma range above 4475 and a floor of 4400. Gamma Exposure (GEX) from SPX options tool I created on my website. Head over to www.spyvsgme.com for delayed quotes (15-min delay from CBOE). I’ll be adding more information as I create more options indicators going forward. I’m going to be cautious and enter a short below 4300 on heavy selling, otherwise I think the market waits for AMZN earnings for guidance in the 4475-4400 range. Not a very high likelihood of this bearish flag playing out, but with all the damage done to markets the last 2 weeks I’m staying mostly liquid and riding the waves up and down. >>Not Financial Advice.<< I have never solved the rubik’s cube.
CME_MINI:ES1!Short
by SPYvsGME
3
Signal for a short-term SHORT XRP. Bear FLAG !!! 🆘🆘🆘Hello, Today a quick signal for SHORT XRP. (in line with my latest long-term analysis) The cryptocurrency entered a downtrend on a mid-term hill after rebounding from a double bottom. He is headed back to the shopping zone to test it again. I plan to break this line and reach the lows of July 20. Entering after testing the bearish flag, which is a bookish move towards the continuation of the trend. Stoploss determined on a short-term hill, because it is possible to draw an "M" with a lower top, which will also be a signal for SHORT. Comment and like, Greetings
Short
by SayMoney
Hitting ~28k$ very soonBTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside. Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio. This would be the best target to reach to be able to reverse the market and continue with the bull market. To the guys who are familiar with elliott waves: In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then. Please just correct me if I am wrong.
INDEX:BTCUSDShort
by crnkjexxxx