Was trying to do a video of this to publish but am having issues with the TV recorder not uploading properly. Hopefully the Mods are ok with me posting this link of my analysis: www.screencast.com Basically I'm seeing an obvious Bear Flag pattern which has been building the past few days and best seen on a 1 Hour / 4 Hour chart. I'm expecting a push higher to...
Hi Traders, Looking at GOLD today which has been falling. We have the DXY breaking out of an eight-year range, which has investors concerned and this has resulted in the commodities market falling. We have a bear flag on gold in the 4-hour time frame. I will be waiting for an impulsive break of the bottom-most support area of this flag. I need to see strong...
Bitcoin has entered a Wedge / Bear Flag on the 4H Time Frame. With continuation bear market sentiment, and statistical probability that this will break to the downside, the target is 14.3K based on the height of the wedge, or 27.4k in the unlikely situation we get a temporary relief rally, which would then meet with resistance at 29-30k based on the POC from the...
Hello Friends! We can see a move to the upside or downside this week for Bitcoin. It’s trading in a wedge; a breakdown or breakout can target two zones (downside $17-18K/upside $25-$26K). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute,...
As the title says, when the chart is flipped a fractal from the smaller bearflag (the smaller falling wedge in this image) is forming as a part of the, soon to be, greater bearflag. The target for this flag is around 10k.
Hello Friends! Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets. Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017...
When the chart is inverted a bearflag is shown. The flagpole extrapolation is shown with the yellow trend lines of equal length.
BTC continues to show weakness in the descending channel it entered late last year. Markdown pricing in the face of year long lower volume with no significant relief rallies or reversal potential. Price movement within $3k ranges ultimately breaking down further. Bear flag looks like PT bottoming sub $20k with wicks down to approx $14k. Potential to go lower...
Hello Friends! Breakdown out of this rising wedge on the back of a death cross can drop the price to potentially 3 target levels. -$87.20 -$79.20 -$59.51 As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Nucor was driving me nuts the last 3 months constantly setting all time highs (while the rest of the market bled out) when their last earnings had lowered guidance that would have crashed any other stock. Twice at new records I bought puts, but chickened out and sold early for losses when they kept rebounding back to new highs again. Anyways I saw the same...
The price action seems to playng out a micro Bearish Crab pattern formation as a final leg to supply at the peak of the bear flag structure. The market is oversold in the intraday and a pullback is expected at the PRZ zone.
Short $RIOT CMP $17.21. Bear flag. MACD turned bearish. 9 SMA rejection. This one tried to break above 50 SMA but failed. Short Target 1 is $13 area
After the leg down from Head and Shoulders' neckline retest we can see a condition for a breakout from the bear flag structure. A possible monthly target remains stablished at hidden 14.6% Fibonacci level. Oscillators: Ehler's Smoothed Stochastic and Fisher Transform.
I have been viewing the last weeks (since the Jan low) as a reversal pattern, with higher highs and higher lows on a weekly and daily time frames. We are currently trading under significant multiday averages (20, 50, 100), and bounced off the 38200 level. The current channel looks like a giant bear flag. We might break down further from here towards 36k and then...
Hello Traders Here is an idea to trade the German Index next week. Last Wednesday we saw a break through the neckline. If someone missed this chance to go short, there will be another two chances next week. One at the resistance between 14300 & 14330 and the second at 14200. TP is at 13700 - 13750. Good Trades!!!
As the price keeps going lower with no signs of recovery, I think there is a strong case for this being a bear flag that targets the 200 day MA on the weekly chart.
Let's wait for confirmation. A beautiful trade from the old teachings of Mr Jojo: www.tradingview.com I learned basic trading with him. Thank you sir. "Be patient"
As a result of the ascending channel formed within another ascending channel at the third touch, there is a possibility of a favourable short entry if ever we get a flag pattern.