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Bearish Flag

CRUDE OIL 1D BEAR FLAG SHORT TRADEBear Flags are a Range pattern and they are a repeatable trading chart pattern. Bear Flag chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of the average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYMEX:CL1!Short
by Tradingstrategyguides
1
This crap really needs to reset to $183 again (Or even lower)!-Head and Shoulder formed. Really need to drop since who would be buying this stock with that rate. Before earning, it ran from $150.. This is not Tesla, the CEO is not Elon Musk. -Law suit on Monday (06/08) -So many competitors out there -Security problems -What will the company get from more than 300 mil free users? -58.53B company with around 2500 people. okay... -Just my opinion, not an advice or anything. Let's see what is going to happen!
NASDAQ:ZMShort
by Kott_bepatient
USDCAD - Pullback Trading Idea - Target reachedHi Traders! The market is moving in a Donwtrend. What did the market do until now? The Downmovement started at the top at 1.40450. After that it fell straight to the Level 1.37300. Around there some ranging movements started. At this point, some traders surely recognized the Bearish Flag Pattern. Their entry would have been the breakout of the orange box and the target would've been the length of the first move. Now you can see that the market exactly reached the target of the Flag-Pattern-Traders. That's why we are expecting a Pullback. Ok, but what is the target now? The market did two major downmovements: The "start" at 1.40450 and then the start of the break at 1.38300. Combining these two Areas together you can detect a "Money Zone". This is between the two Fibonacci Levels from 23.6% of the "big" Retracement and 50.0% of the "small" Retracement. We recommend to trade carefully as we're trading against the trend. Thanks and successful Trading :)!
by swissmoneymakers
1
GBP/USD potential bearish flag pattern The cable formed a nice double top around 1 month ago resuming the downwards trend. Since mid May it has been trading in this upwards channel but it is now reaching the 0.618 fib level and a key support/resistance which could see it form a nice bearish flag pattern. I know that most traders are long on GBP at current so this is a controversial idea. Hopefully with the amount of USD fundamental news and the NFP's at the end of the week there will be some nice volatility. Any feedback would be appreciated - Thank you
Short
by thomas893
GBP/USD potential bearish flag The GBP/USD pair formed a nice double top around 1 month ago starting a down trend. If the bearish flat pattern meets all criteria for a sell it would also sit nicely with the 0.618 fib level from the top of the double top and a key support resistance level at around 1.2415. This week has got a lot of USD fundamental news finishing the week with NFP's so hopewell will have some nice volatility. I know the majority of traders will be trading GBP long so this is against most peoples views, please give any comments/feedback - thanks
Short
by thomas893
BTC Reaching Text-Book Bear Flag [In-Depth Explanation]In this idea I will explain the current price action on BTC /USD and go into depth on how we can identify a 'Bear Flag'. Finally, I will explain how to trade this pattern. Continue reading to learn more about this! ---- Hi everyone! I'm back with another analysis here on BTC /USD. I haven't been posting actively on Tradingview for the last few weeks as I was busy working on a really great new crypto indicator for Tradingview (I published it under my name, you can find it on my scripts). Also, I have started to spend more time writing down educational content for all of you on the most important indicators. Follow me on Tradingview to make sure you get the notification when I publish the guides! Here on BTC /USD we can find a bearish pattern called a 'Bear Flag'. A Bear Flag can be found during a downtrend where a sudden price drop is followed by a narrow trend range in an ascending channel where the price is oscillating between the top resistance line and the bottom support line. The continuation of such a pattern is usually followed by a very similar harsh downtrend that started prior to the ascending channel . The name of this pattern comes from the resemblance of an inverted flag on a pole. On the right hand side you can see the theoretical way such a pattern plays out. This text-book bearish pattern can then be monetized by understanding the expected price behavior that gets translated into the practical use-case on the left. Obviously, for a bearish pattern you would enter a short position. But let's go a bit more into depth on what possible entry positions would be. For the entry position, I'd stay with the text book movement and expect a decline from the top resistance line. A logical place would be around the $9500 level. This is a good place to enter a short position. For the take-profit, you can utilize other information on the chart, such as this horizontal support zone. A great place to leave the trade is around $8850. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDShort
by Trading-Guru
15
A few days of consolidation?... BTC is TIGHT!Welcome to my daily market update (23/05/20): • So after we closed that CME gap which I showed on my TG for the past few days, today I opened the 4h again and it looks very interesting, BTC is way to pressured from all over, and any break could mean a very heavy one. - We formed a triangle (symmetrical), this means we might be consolidating for a few more days, but be careful not to get caught out of guard. Because we are playing around the yellow S/R 9300 area. If the bulls don’t manage to show some strength (as they are weakening according to OBV) and go above it again, then game is over, we are rejected, we most likely gonna’ touch the bottom mid-term bullish trend line which has way too many sensitive spots already, and this means fatal!. • Bearish: - 4h 10sma crossed all the other indicators, this might mean that we are going to continue to fall, but since this is still a mid-term bull trend, it is more likely that it will re-cross them again, if price falls again below it then I do think we are going down hard. - Another bullish company we have here is the 4h 200ema, and the price just keeps bouncing from it…my problem here is that most likely if we hit it for the 5th time it will crush. - If we don’t get out of the 4h cloud again and go below it, this means bearish, this could mean a change of mid-term performance, and we might go to mid-term bearish trend. - On the other hand - We went below the 4h e21, if we can’t close above it fast, all this pressure will be too heavy of resistance and we will free dive. • Bullish: - The signs are still clear! We are still in the bullish trend within the channel. - We are still riding the 4h e200. - We are still bullish on all crosses on all the bigger TFs - Sentimental aren’t that bad yet (40) but could get worst, remember: when everyone are panicking it is your buy signal, but let the panic first take an impact, you should see people at around 1-10 and see its toll on price before you do that: alternative.me - We are still above liquidity volume. - Going above the cloud, means we will hit the triangle top part for the 5th time, which means most likely to break it up all the way to 10500 as first target. • Conclusion: - Going below the cloud (And rejecting the yellow S/R) + breaking that bullish channel (Which turns to bearish flag with a big correction momentum) => breaking the e200 (5th time) + breaking below the liquidity pool level => most likely to break the strong yellow support line (5th time) = > most likely change the mid-term bullish trend to a continuation of the big-term bearish trend (The descending broadening wedge which I showed you a few times on the weekly) with the first stop at the bottom of the daily cloud: - Should remember 2 very crucial parts as well: 1. Hash rate fundamentals fucks the system (Drops, heavily, makes the system overloaded, and fees go higher): www.blockchain.com 2. Retail traders net longs are higher then yesterday and then a week ago, while net shorts are lower then yesterday and lower then a week ago. This usually means that the price will move down because whales love to rekt the opposite of majority ;). - Remember, your main focus should be always the mid-term trend (Which is mainly still bullish), you might as well not risk now and see if the mid-term trend changes... I'm personally as usual, just laddering short positions... Yours, Hedgehog king - CryptoArena Supernova team. Personal TG: t.me CryptoArena hall of fame TG: t.me
Short
by Hedgehog_king
2
Raising the Bitcoin FlagAs we can see bitcoin had quite a nice move depending on your disposition and management. This flag forming right now is of HIGH SIGNIFICANCE, and I won't be explaining it as I fear if one is not able to interpret autonmously, neither will they be able to trade what IS GOING TO BE an absolutely CHAOTIC and RISK FILLED area, and consequently will end up REKT. Risk management, risk management, risk management. I really can not stress this enough! We are essentially nearing the end of very little space for price fluctuation, and you should know this by the drop we saw, which then rose and broke sidways forming a flag, with a recent breakout. Pay attention to trend lines and the interaction of price movement, but also the stretching of the flag to a trend line, that stops bang on the DAILY. This is so highly indicative. However, this kind of movement and the 'FLAG' we have right now, correlated with recent price action, with cross-correlation to historical trending and price action; SHOULD be able to inform your position with a bit more clarity now. This is an area I would advocate to so many to sit out, and simply watch it play out as YOU WILL NOT be missing out. However, trade this with risk management as the primary consideration and this will be A HIGHLY LUCRATIVE trading zone. Good luck
by UnknownUnicorn6513259