Brearish
COFORGE - Short term Bearish trendCOFORGE - Short-term Bearish trend
1. It cuts the secondary trend support and the primary trend resistance as well.
2. next support will be in 1890.
3. Buy once it touches 1890, hopes the market trend reversal at the same time.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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BTCUSD, downntred Target S1,S2. Intraday StrategyHi Traders, BTCUSD is in a downtrend, lets's check the day with the pivot point levels, Also de MA200. If the prices break down we might have a short ride until S1, or S2. Pls remember to check the trade when the prices break down the pivot level, and then continue the trend until S1, the retracement shouldn't break the pivot level going up.
Hi Traders, BTCUSD is in a downtrend, lets's check the trend with the pivot point levels, Also with the MA200. If the prices break down of PP and the MA 200 we might have a short ride until S1, or S2. Pls remember to check the trade when the prices break down the pivot level, and then continue the trend until S1, the retracement shouldn't break the pivot level, it should be bounced on it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume , Pivot points Levels. Intraday Strategy. MACD
R3 40,858.26
R2 39,717.99
R1 39,114.44
PP 38,577.72
S1 37,974.17
S2 37,437.45
S3 36,297.18
🏛GBP_USD RESISTANCE AHEAD|SHORT🔥
🏛GBP_USD is also making a bullish correction
After the impressive free fall
While falling, the pair broke the long term rising support
Which makes me bearish biased
And I think that once the pair reached the resistance above
The pair will go down again
NOTE: wait for the reversal pattern to from before shorting
SHORT🔥
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To be honest things aren’t looking good in Bitcoin.Welcome to this quick update.
To be honest things aren’t looking good atm. Observe the chart carefully.
We did broke down below the triangle but only in lower time frames. It can end up being a WICK in a daily candle close which matters the most.
Keep in mind it’s really important for BTC to maintain the 34k level. If you’re holding btc better to keep an SL around 34300 level. Previously we bounced from the 34800 level. It must hold if it doesn’t this chart will get invalidated and we can see some lower price targets. Keeping in mind the current fear in the market We can get surprised too. Let’s wait for some action on Monday.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 34k level bearish
Close above 43k level Bullish
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Supply/Demand Zone Potential Sell For the past week or so price has been bouncing between supply and demand zones while making very DISCREET "higher highs". A "lower low" has recently been created DISCRETELY inside the supply/demand Zones with a closure lower than the previous low per 4 HR time frame. I'm starting to see a potential push down because we now have a "lower high" and "lower low" forming on my dotted trendline. I see a great chance of price going bearish AT LEAST to reach my overall bullish trendline. From that point we wait on price action to show us if it's gonna reject the trendline or break through!
On the other hand, price could also continue bullish and finally break above the supply zone with a retest and continuation, invalidating our whole "bearish" idea.
*This is just my personal opinion. I am NO financial advisor in any form*
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous,
J'espère que vous allez bien !
Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle)
Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement.
En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier).
Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant.
Coté $ETH, on est arrivé pil poil au bas du biseau...
Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports !
Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière.
Stay safe :)
PEACE !
NZDUSDNZDUSD reached the top of trendline completing the Wave Pattern.. Now it can either go and test the bottom of the channel again or break down below the channel to make new lows.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
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CrudeOil Forecast!!CrudeOil has reached all its target as per Previous Forecast. Crude has gone up in what looks like a 3 Wave up move where Wave A = Wave C after which it started to decline and made a bearish candle stick pattern of bearish engulfing pattern. There has been consistent divergence with MACD for the wave C up move indicating that this is perhaps not a 3rd wave rally. I would expect CrudeOil to fall towards 40 levels as first targets and then expect atleast 61.8% correction around 35 levels as second targets. Lets see how it unfolds further from there..
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com
Crude oil - buy grey Gartely, sell blue GartelyTechnicals
Here we have a Gartely pattern (shaded grey) that suggests a mid-term rebound. From the blue Gartely pattern, we can expect this rebound to last into the $36/37 region, where we can then short the market due to this bearish pattern.
Fundamentals
The oil market is in quite a confused state at the moment. Supply and demand dynamics suggest no return to a bullish market any time soon, however we are beginning to see a major consolidation, supported by that fact that any major additions to the oil glut could already be priced in. The average price for crude oil is also expected to be in the $40 to $50 region. For this reason I expect more consolidation, which is why a bullish Gartely leading straight into a bearish Gartely is completely reasonable.