Get started

Bearish Flag

Is the next Major Crash Beginning?Is the next big crash starting? OANDA:SPX500USD I've been watching the S&P closely for the last month during our recovery phase. It's been a great ride up, but today it's starting to look like the cracks are once again forming. The below analysis is as I see it. This is not advice. Please do your own research before entering any trade. Signs of a potential reversal: 1. We have recovered to the point of reaching the "Golden Pocket", which is the idea place to open a short for minimizing risk, between the 50 and the 61.8 Fibs. 2. We have seen a bull flag formation on both the Daily and the 4hr, with both breaking down and out during the last trading session. 3. We rejected off the 50 day moving average on the Daily. 4. Moving average on Volume is reducing. 5. MACD line has turned and looks poised to cross down below the signal line. 6. CCI is trending down and fallen out of upward channel. None of this guarantees that a crash is coming, but it's certainly got me interested. Potential SHORT Trade Setup ENTRY: 2740-2770 (Anywhere here) STOP LOSS: 2970 - 6.89% (Clear those fibs) TAKE PROFIT 1: 2320 - 16.73% TAKE PROFIT 2: 2176 - 21.70% TAKE PROFIT 3: Let run RISK:REWARD: 1:2.4 As per normal risk management practice, once the trade starts moving, reduce your SL and potentially apply a Trailing Stop in a fast moving market. Please DO YOUR OWN RESEARCH!! Happy Hunting!
OANDA:SPX500USDShort
by glennleese
Trade Ideas Educator: USDCAD BatThere're a couple of trade-ideas within this chart. 1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade. 2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup. 3. A trading opportunity can also develop within the consolidation area as a bat pattern setup. Personally I prefer setup(1) and (3) let see what does the market give us.
by RaynLim
BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder. Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues. Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support. What's your sentiment? Likes & Comments appreciated, Thanks, -HP
COINBASE:BTCUSD
by MinerChad
BNBUSDT Bear Flag| Low Volume| Structural Resistance Evening Traders, Today’s Analysis will focus on BNBUSDT, forming a bear flag under structural resistance, a confirmation will likely test structural support. Points to consider, - Trend Bearish - Structural resistance being tested - Structural support likely target - RSI lower high projection - Stochastics in upper regions - Volume below average BNB’s trend has been putting in consecutive lower highs, currently forming a bearish continuation pattern at a key trade location. Structural resistance is in confluence with the 21 EMA and the 1.414 Fibonacci Extension, BNB is likely to get rejected. The RSI is in a lower high projection, currently trading at a neutral level. The stochastics on the other hand is in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. Volume is declining, an impulse move is imminent at this key technical level, if bear volume arises, this will be in conjunction with the confirmation of the bear flag. Overall, in my opinion, BNB is trading at a very key level, resistance is very strong and there is a valid bear flag. BNB has a high probability of breaking down bearish, continuing the overall bear trend. What are your thoughts? Please leave a like and comment, And remember, “In trading, everything works sometimes and nothing works always.”
Short
by The_Alchemist_Trader_
BTC ScenariosAs i said before BTC may still be in it's bearish trend ,because we can see a bearish flag. for A few reasons: * BTC had a strong pull back from 3k channel: * BTC is in a weekly bearish trend: So if BTC break's the support and it's short time up trend it would confirm one or all three support areas (DONT PANIC, I'm looking for a better entery point, We are going to moon after all right?) If it doesn't free fall to 3-4k channels it could go up to 7k channel but still it need to correct itself after that strong pullback Right? And 3/4 time frame's MACD says it's time to have a little bit of red ones.(1H, 4H, 1D, 1W) After all i hope you don't just take my word for it and lose all of your money over it ... You aren't a complete moron are you??! I'm just kidding smart *ss , bet 100% on me goddamn it 😂 (i'm not kidding)
Short
by Iampyhr
1
ETH/USD - Bear Flag Spotted! (Trending Market)Hello friends! The price of Ethereum (ETHUSD) might be moving in a Bear Flag after a strong move, initiating a Trending Market . We can watch the price consolidating in a upwards channel. The price hit the Resistance Line of the Channel at 153.17 followed by a rejection to 114.70. The bears are still in control of the market, so please be aware of another heavy price drop. A move towards 100.00 confirms the Bear Flag pattern. I personally don't trade this pair and this idea - so please verify possible entries, exits and (trailing) stop-loss levels by yourself. cheers, cryptobuller
GEMINI:ETHUSDShort
by Anton_XBT
3