Ongoing Bearish Triangle On GoldGold woke up last week at around 1900 area, and came out of a downward channel shown on hourly chart, which is an important indication for a completed wave (D), followed by wave (E) that is in play, which belongs to a triangle. Even wave (E) should be made by three waves, but the rally from the low is in one leg so I think that current recovery is still incomplete Therefore, the rise can resume further after minor sub-wave B pullback, which can find some support near 1915. Big resistance for a whole triangle and potential resumption lower is at 1940/45.
Bearishtriangle
AUD-NZD Wait For Breakout From Bearish Triangle! Sell!
Hello,Traders!
AUD-NZD is trading in a
Downtrend and the pair has
Formed a bearish triangle
Pattern so IF we see a bearish
Breakout and it gets confirmed
The we can go short on the
Pair on the pullback
Sell!
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EXPE - Descending Triangle - BearishOn the chart of Expedia (EXPE), we can see a descending triangle. A descending triangle is a bearish formation.
The price has already broken the support and is now retesting the support. When the support turns into a resistance a short position can be taken. The price is likely to drop more until it has reached its target.
All further details are shown on the chart.
Goodluck!
DAX Bearish Triangle! Sell!
Hello,Traders!
DAX is trading in a downtrend
And the index has formed
A bearish triangle pattern
So we will be waiting for
The bearish breakout
And then a subsequent
Move down towards
The target below
Sell!
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[Bitcoin] 19K support is solid?? It's still too early to assume#Crack #Bitcoin #Binance #1D
The support in the $19,828-$19,118 section, which was mentioned as very important in the previous briefing, succeeded, and it held the previous candlestick along with a buying trend, showing the possibility of a rebound.
However, it can still be viewed as an extension of triangular convergence or an extension of a bull trend, and contains the possibility of continuing the bear trend.
Since the short-term high has not yet been renewed, the expected support section is the same when the bear trend continues, but the expected resistance section has changed.
As in the previous briefing, you can draw two rising channels.
In the first case, a large bullish channel can be drawn, and in this case, the resistance near $22,175, where the center line of the bullish channel and the top of the convergence overlap which plays an important role.
However, if the overshooting appears in the $23,240-$23,880 section and then the $22,175 section is supported, we can expect a short-term rise to the upper end of the channel.
s3.tradingview.com
In the second case, a small bull trend channel can be drawn. In this case, the resistance in the $22,580-$23,360 section, where the bull trend and the bull trend channel overlapped on June 13th, which plays an important role, The possibility of overshooting is shown until $24,190, where the long-term trend line and short-term Fibonacci level are located.
Even in this case, if support is provided after breaking out the $22,580-$23,360 range, we can expect a short-term bull trend to the mid- to long-term Fibonacci level of $25,890.
- Summary
Support Section
$19,828-$19,118 Important
$15,508-$15,139
$12,107-$10,909 Important
$7,750 overshooting level
Resistance section Case 1
$22,175 Important
$23,240-$23,880 Overshooting Level
Resistance section Case 2
$22,580-$23,360 Important
$24,190 Overshooting Level
[Bitcoin] Urgent!! 19K support is important!!
#Crack #Bitcoin #Binance #1D
Since the last briefing, the buying trend has not been continued, and it is showing a trend change by making Doge Candles and then falling.
At this point, the blue medium-term bearish wave does not appear to have broken through the resistance of the 0.5 level Fibonacci trend extension, and it looks like Bitcoin will soon reach a critical support level.
The important support interval appears to be around $19,828-$19,118, and this interval is located at the 0.786 level of the Fibonacci trend extension of the blue long-term bear trend wave, the 0.618 level of the Fibonacci trend extension of the blue medium-term bearish wave, and the bottom of the purple triplet convergence newly extended by the previous resistance. If it fails, once again, you need to prepare for further declines by the bear trend extension pattern.
If the $19K support fails, we can expect support at $15,508-$15,139, where the blue medium term Fibonacci trend extension level of 0.786 and the purple short term Fibonacci trend extension level of 0.5 level overlap.
However, one should keep in mind the turquoise long-term Fibonacci trend extension level 1 and the decline to the $12,107-$10,909 section, where the sub-trend extension levels are located.
Additionally, if overshooting occurs below the $10,909 section, there is a possibility of a decline to $7,750, the 1st level of the purple short-term Fibonacci trend extension.
Conversely, if the $19K support is successful, you can see several cases of successful retest support of yellow short-term convergence, successful bottom support of purple short-term convergence, and successful support of pink parallel channel bottom.
If the $19K support is successful, we can expect a strong rebound in the near term. At this time, the expected resistance section is the section commonly mentioned in the last briefing. There are $24,189, which is an important resistance as long-term trend line resistance, and $25,890, a section that can be resisted when overshooting occurs.
- summary
$19,828-$19,118 support is very important
Support section
$15,508-$15,139 = Short-term support level
$12,107-$10,909 = Critical long-term support level
$7,750 = overshooting level
Resistance section
$24,189 = Critical long-term resistance level
$258,90 = overshooting level
[Bitcoin] Convergence upward breakthrough!! Resistance LVL?#Crack #Bitcoin #Binance #1D
After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle.
In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected.
We can expect resistance around $24,189.88, where the orange trend line and the light blue Fibonacci trend extension level of 0.382 overlaps, and we can expect resistance at $25,890 in case of overshooting.
If we look at the chart a little closer, there is potential for resistance on the orange long-term trend line, so we will respond with the possibility of a bullish channel in mind, despite the upward breakout of the convergence.
If you look at the first picture, it is a bullish channel with a narrow fluctuation range drawn as a wave created after the bottom is perfectly formed. In this case, there is a resistance section at $22,856-$22,984 below the orange long-term trend line. We can expect a bullish trend towards $15,507 or $11,497-$10,909.
If you look at the second picture, we see the possibility of a bullish channel with a large fluctuation based on the high made during the 13day decline. In this case, after breaking through the orange long-term resistance line, resistance remains open to the $25,890 level mentioned above.
If $25,890 resistance is found, it is necessary to check whether the orange long-term trend line is supported or not, and if the support is successful, the possibility of continuing the bull trend should be left open. We can expect a drop to $10,909.
- summary
From a long-term perspective, the important intervals are $25,890.65 and $24,189.88.
From a short-term perspective, the important intervals are $22,856-$22,984, $25,890.65
When resistance occurs at $22,856-$22,984, sell response after checking whether the bullish channel has broken
After resistance at $25,890, if support succeeds at the orange long-term trend line (near $24,189.88), buy response; if support fails, respond sells.
[Bitcoin] Worst 3K? Expected support identified by bear trend #Crack #Bitcoin #Binance #1D
We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions.
Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis.
Sections containing the Fibonacci trend extension level of the large turquoise bear trend are marked in red, and sections not included are marked in orange.
Continued bear trend patterns are emerging, and as the bear trend is still in progress and triangular convergence is underway, I think we need to prepare for an additional bear trend.
In the case of a rebound without further decline, it seems safe to buy after the $19,828 upward stabilization and conservative $21,654 upward stabilization.
SOL/USDT : Formed falling wedge with bearish triangle in LTF!KUCOIN:SOLUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$SOL has formed a falling wedge in 4Hours TF chart, Currently it's moving on the higher trendline.
Also there's a formed bearish triangle with bottom flat.
Based on the data we have there're two possible scenarios with positions triggers to look for :
📉 Bearish Scenario : Basically the main formed pattern ( Falling wedge ) is bullish, But so according to our current market's biases; I'm looking for possible Shorts...
If we get the closings below Demand zone ( Current blue zone ), Then we can locate our Short and aim for the wedge's lower trendline.
-On the continuation of bearish biases, If we get the closing below the falling wedge ( Current formed pattern ), Then we can located our 2nd Short towards lower Support zone at $78.
📈 Bullish Scenario : In other phase of market; There would be more consolidation and so, In terms of any reversal into bias, If we get the closings above our mentioned pattern ( bearish triangle ), Then we can located our Long and aim for the higher order-block at $110.
-On the continuation, If we get the break-out above resistance zone, Then we can hold our Long till local S/R Line at $122.8!
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@Helical_Trades
Warning: New Pattern to Watch For on the Bitcoin Chart!Traders,
I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along.
So, now we have yet another pattern that seems to indicate there could be further downside in the cards. An exit to the UPSIDE of the TRIANGLE would be very BULLISH. An exit to the DOWNSIDE of the TRIANGLE would be VERY BEARISH and with confirmation on the daily, I would then expect us to reach our TARGET DOWN of $20-24k. Again, confirmation to the downside would be very important. A breach of our support is not enough. We would need a second candle to open and close below support (BLACK ASCENDING TREND LINE) and preferably a third candle to follow suit.
For now, the market remains inside this TRIANGLE, which I have called the FUD ZONE. Until anything significant is determined geo-politically, whether positive or negative, I don't think our station inside the triangle is going to change much. I expect us to remain inside the triangle, unless and until the market receives news (good or bad).
This is just one more indicator to add to your array.
I will create a video in a few minutes which will cover the broader markets as well. If interested, stay tuned.
Please be safe with your trades at this time. I wish you only the best.
- Stew
BEARISH TRIANGLE ON FANTOM (FTM/USD)Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference)
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
Short term Bullish, longer term Bearish or Bullish?After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line.
That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control the market and shoot for that moon! finally?
What do you think?
Bearish Triangle Spotted On Bitcoin!!! I spotted a Bearish Triangle on Bitcoins 15m time-frame. It gave me bearish vibes for future price movements. Expecting retracements to the outside of the triangle until confirmed Breakout occurs under 10175.00. I marked my entry level on the chart. Profit level is set at a key Fibonacci level.
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Post your ideas on Bitcoin below!
USDJPY - EASY Bearish Triangle Pattern - Detailed DescriptionHi Traders!
The market is in a Downtrend.
The Key Areas are:
Trendline "Daily Trendline" - descending, resisting
Trendline "Bearish Triangle" - descending, resisting
Resistance @ 109.900
Resitance @ 108.000
Support @ 106.700
Support @ 105.000
Category:
- Bearish Flag Pattern
- Trend Continuation
When started the Downmovement?
It started when it reached the D1-Trendline.
This was around the Level of 109.900.
How long was the first Downmovement?
The movement ended at the Support of 106.700.
The distance is 320 pips - quite a lot!
What is it doing now?
Now it is in the Bearish Triangle.
The Triangle is made of a descending Trendline coming from above and
the Support from the bottom.
It is making the Support weaker, because no more buying pressure can hold the selling pressure anymore.
Target of the idea?
The bearish Break of the Support 106.700 is the Entry Trigger.
We recommend to trade the Break when the candle closes!
Thanks and successful Trading :)!