AUDJPY Short Trade Setup A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 98.500 psychological level and possibly testing the strength of the 98.056 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
Bearishharami
US 20 Year Yield: Bearish Harami at Bearish Bat PCZThere is a Bearish Harami at the HOP level of a Bearish Bat with Impulsive RSI BAMM Confirmation. Alongside that, we also have 2 Major Squareups significantly below the current level and also an unfilled gap. If these Bearish Signals at the highs are to play along, this should be the start of an even greater retrace to fill the downside gap and to complete the square ups. This would likely come with some Bearishness in DXY and upside in the TLT which may also spillover into the IEF.
AmerisourceBergen Corporation: Bearish 3 Drives 1.618 Entry #2I entered a bearish position on ABC at the 2.618/1.272 confluence zone a bit ago and since then it's gone up to the 1.618 of this 3 Drives pattern. I think it will be worth entering one last time as we are on the way to confirming a Bearish Harami at these levels, which would later result in Bearish Divergence on the weekly if it begins to play out.
NVDA: 2 Top Signals Under a Powerful Resistance - What's Next?• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual);
• It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is still above the 21 ema;
• Despite this correction, there’s no clear technical bearish reversal pattern around;
• The 21 ema is supposed to act as a support now, but if it doesn’t, the main support line is the 262 – only by losing this line NVDA might reverse the mid-term trend and trigger a sharper pullback in the weekly chart.
• In the weekly chart we see that the candlestick is quite bearish – so far, it is a Shooting Star, and it appeared right under the 289 resistance (green line), another top signal, if it closes this week looking like this;
• If NVDA loses its key support level in the daily chart, a sharper correction in the weekly chart is plausible, and the 21 ema would be our next target;
• Even a correction to the 21 ema wouldn’t ruin the long-term bullish bias, however, it would frustrate the bull trend in the daily chart;
• For now, let’s pay attention to how NVDA is going to react now that it is close to the 21 ema in the daily chart.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
$SPX Bearish Harami on Daily chartI'm not that big on candlestick patterns, but a Bearish Harami is essentially a failed continuation of a prior bullish session(s) or rally.
SPX posted a bullish close on the 12th and the 13th, but failed to follow through with a third session on Monday. Instead you saw a choppy session where the bulls and bears tugged a bit intraday, but the SPX lost steam at the end of the session and posted a red candlestick.
It was also fairly indecisive so while one can say that it's a toss up for tomorrow, you'd rather bet on a continuation of the larger downward trend that we're in, rather than some sort of coin flip reversal.
Same daily stick pattern can be seen on the NDQ (Nasdaq 100) and RUT (Russell 2000).
SPX: A top sign!? Time to panic?Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, we see that the index is respecting our support at 4,595, and only if we lose this point I’ll believe it could drop more. If this happens, we have many other support levels that could hold the price, like the gap area (blue square), the 21 ema, and the 4,500.
The trend is still clearly bullish, as we only see higher highs/lows, and we still don’t see any bearish structure around. Speaking of targets, we still have an open gap at 4,652, which will probably get filled in the future.
Now, let’s look the daily chart:
In the daily chart, it seems we are trying to do a top sign. So far, today’s candlestick pattern could be a Bearish Harami, a famous bearish reversal candlestick pattern (in theory), but that works as a bullish continuation pattern on 53% of the time (near random).
Since we lack bearish structures around, there’s no technical reason to believe in a pullback right now. I’ll just keep an eye open around the 4,595 area, as this is the most important support level for the short-term.
Even if we correct more than expected in the 1h chart, the 21 ema in the daily chart is a good support candidate in the future. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
Weekly Bearish Harami at PCZ of Bearish 5-0 on PalantirWe are at the PCZ of a bearish 5-0 and the weekly candle which is currently opened is as of right now a Bearish Harami but it hasn't closed yet but since i like to speculate and get the best price i will be entering a bearish position tomorrow in anticipation of the weekly closing bearishly and i suspect that it will make a lower low down to the 0.886 retracement.
TrendyTrades: MRNA Bearish Harami MRNA has been on fire lately. I wouldn't be too shocked if it just continues to rip but based off TA, I could see a Bearish Harami pattern on the Daily T/F and that signals a reversal. I can see a 38% retracement pull back to the .618 fix extension level for another leg up.
NDX: Be careful! Bearish pattern ahead!Hello traders and investors! Let’s talk about the NDX today!
In the daily chart, we have the idea of a bearish harami, just at a resistance level (black line, previous top at 14,072).
If the index closes under this black line, the market may see this as a false breakout and this would help to make the index fall.
If it falls, then we have a dual-support level around the 13,700, as we have the 21 ema and the red line, which worked as a resistance before, now it can work as a support.
The only thing that could frustrate this bearish sentiment is the 1h chart:
Today’s drop could be just a harmless pullback to the 21 ema in the 1h chart, and the index did several movements like this in the past, so, no way to know how it’ll behave now.
Now it is definitely not the time to buy. The time to buy was last month, when we had some incredible opportunities, and I bought several stocks with my followers, and they are doing incredibly well (several of our stocks are going up more than 40%, like the Brazilian ADRs we like to trade). Now it is the time to manage our positions.
Will the bearish harami prevail, making the index will crash? Only time will tell. Meanwhile, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much.
Bitcoin Analyze UP 🐮 or DOWN 🐻Hi, yesterday was a great day for Bitcoin , it had an amazing pump (About 2000$ 😱 just on one 1h candle).
Bitcoin Analyze ( BTCUSDT ) Timeframe 1h .
BTC swung on the Range channel for about 1 day and 14 hours , after that the price was able to break it (to the top), and then we saw that amazing Pump breaking our main Downtrend line . in this area (Live), we have a Resistance Zone + TRZ ( Time Reversal Zone ).
Resistance Zone includes Fib Channel's Lines (88.6%) + Weekly Resistance 1 (38800$) + Daily Resistance 2 (38733$) + Cluster of Fibs + Bearish Crab Harmonic Pattern 🦂.
Also, I found Bearish Harami ( Candlestick Pattern ) at TRZ .
Now, I am coming with my scenarios again 😉. I have 3 scenarios :
Scenario 1 : if the price goes UP over 39380$ , we can see 42000$ $ 43000$ soon.
Scenario 2 & 3 : if the price goes Down to our main Downtrend line ( Point A ). Point A can be a Critical Point for us, better, I had to say that BTC will decide to go UP or again BACK to the under Downtrend line ( UP will make my Scenario 2 // DOWN will make my Scenario 3 ).
My Suggestion : We have to wait and find the best triggers for the best scenario .
Support zones on Bitcoin's way:
Support zone 1 : 37550$ until 37420$ ( Yearly Resistance 1 + Fib's lines ).
Support zone 2 : 36466$ until 36380$ ( Weekly Pivot Point + Weekly R1+ Fib's lines ).
Support zone 3 : 36140$ until 36000$ ( Top of the range channel + Fib's lines ).
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
RIOT: Afraid of a pullback? A few points to keep in mind!Hello traders and investors! Let’s talk about RIOT today! This one is flying, but is there any reason to worry about it? Let’s see.
First, in the hourly chart we see that it is showing some weakness, but this alone is not going to be enough to make it drop. Yes, it might do a top lower than the previous top, as evidenced by the purple line, but RIOT did this sometimes in the past, and it didn’t work.
I would focus more on the black line at $ 58.78 , because it would lose the previous bottom along with the 21 ema, and this would be something new for the stock. So, the black line is a possible Pivot Point , that could trigger a short-term bear trend, and sharper pullback in the daily chart:
The black line in the 1h chart is today’s low, and so far, we can assume we have a classic Bearish Harami candlestick pattern here. Since it is not near any resistance level, it is not a reliable reversal sign, but it could work as a pullback.
The volume is quite high on RIOT, which is curious, as the volume on BTC has been decreasing in the past few days.
If RIOT triggers a pullback by losing the points mentioned above, the next stop would be the 21 ema . I find it hard to tell if it could seek the support at the $ 29.28, as it is too far away right now, so, I would focus on the 21 ema first.
This would be a pullback, but we have no reversal signs around . In fact, as far as I know, pullbacks are opportunities to buy at a cheaper price, with an optimized Risk/Reward ratio. But first, RIOT must trigger the pivot in the 1h chart!
Let’s follow RIOT closely and remember to follow me to keep in touch with my daily analyses on stocks and indices. Also, support this idea if you liked it!
For more analyses, just check the links below.
Thank you very much!
NZDUSD Short Term ForecastH1 - Bullish trend pattern completed. Expecting bearish pullbacks.
False break, bearish convergence, bearish harami candle pattern, and most recent uptrend line breakout. We may consider these as evidences of bearish pressure.
Expecting further continuation lower in the short term after pullbacks.
#Bitcoin must retraceWEEKLY:
- Bitcoin is making on the weekly TF a hidden bullish divergence and is landed in an order block
- If we take a bigger view of the weekly and we draw a Dynamic Resistance line from body to body, not body to wick, then we see that 9420 is an important level of resistance.
-
Daily
- Daily candle is making a Bearish Harami
Bearish Harami conditions:
• Uptrend market
• Big Bullish candle
• Small Bearish Candle
• A Bearish candle close above 50% real body ==> we've to wait
If these conditions are true, a retracement could be in place
4 HOUR
- Bitcoin is ranging on the Dynamic Resistance level
- A descending triangle is forming
-
Conclusion
We have to wait until it retraces before we can say more
$MCD McDonald's Weekly True Bearish HaramiMCD McDonald's has just completed printing a true Bearish Harami two candle pattern. True Harami's are explained in linked diagram below. The body of the second, inner candle needs to be no bigger than 25% the size of the preceding candle, in which case this one qualifies. A true large bullish candle at the top of an uptrend, followed by a 75% smaller bodied bearish candle that gaps down from the previous closing price, and is fully contained by the preceding bullish candle. That's a reversal indicator and a good spot to get short MCD if you've been looking to. I believe we could see the 202's area on a pullback. This is a stock that generally outperforms when the markets are in true turmoil, and has been on a tear lately. I wouldn't want to stay short for very long personally. I like August 30th P205, currently trading for .40 per contract for this play. Happy hunting and GLTA!! a.c-dn.net
forexTrdr XAUUSD SHORT GOLD ON SHORT TIME FRAMEMorning again traders,
Looking at a short term trade on Gold versus US dollar after formation of a bearish candle pattern on the 2 hourly Advance and a Bearish Harami on the 4 hourly both of which point to price action moving lower over the remainder of today.
Looking for a move back down to support levels around 1389 over the coming hours as per our hourly trading view chart work.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
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forexTrdr USDJPY - BEARISH HARAMI ON 4 HOURLY Afternoon traders,
US dollar versus Japanese Yen flagging a bearish pattern with the formation of a Bearish Harami as RSI hits resistance level and Stochastics trade in extreme overbought territory on 4 hourly.
Looking for this pair to head lower from here back to 108 levels then a potential break down to 107.5
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
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forexTrdr EURJPY- CANDLESTICKS LIGHT UP THE WAY FORWARDGood morning traders,
Looking to change up our recent technical analysis examples this time with a clean trade on Euro versus Japanese Yen. The beat on Chinese gdp and Industrial production gave a risk on tone overnight leading to Yen weakening but also, for this pair, an Evening Star candle forming on the daily over the 15th and 16th. Evening star are early indicators of a future bearish trend forming.
This coincides with Bearish Harami pattern forming on the 4 hourly on Friday as suggesting that the pair is due to correct lower. Other technical indicators also line up such as Ichimoku cloud (trading significantly above it), RSI, stochatsics and long running resistance levels to the upside.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings