We can see that we have a clear larger flag. Inside larger flag we have a probable ascending channel on the top. So I will waiting to the third touch on the both lines on the top of patterns to get a short entry. Characteristics: pattern within pattern; Multi touch (3); 1H retrace candle;
NZDCHF on the daily chart hit the descending trendline and now and got rejected. The market is moving in a lower low lower high move. If the price will break below the 0.60500 and consequently break the minor channel and the support we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Classic Double Top, Bear Flag & 5-0 Pattern lined up all-in-one. What could it signify? Am I just transposing an image onto a market that is not really a reflection of reality? Let's see. Short NDUSD: Reasons: Classic Double Top, Bear Flag & 5-0 Pattern lined up together volume confirmed the double top Intermarket confirmation: It appears as though the...
L&TFH will fall sharply in coming days... Targets on chart... #Rising wedge on daily chart
Hello Traders, here's an analysis of this pair. Red is sell zone, yellow is take profit, and blue is buy zone. Great risk to reward set up! Give this chart a like and comment if you'd like to see more ideas here on TradingView. Don't forget to hit the follow button to be notified of future published ideas.
Numerous confluences in the short bias but always be reactive not predictive. I will monitor how the price will approach these levels and looking for rejections Your comments are welcome.
I'm writing this as a tutorial and a play by play of my trading, also as an analysis of how I traded this incorrectly. This morning, before the market opened, I saw a perfect bear flag on QQQ (I was using Nasdaq Futures to trade it). I just wanted to talk about the range of emotions when trading a pattern that clearly shows strong bullish price action, but since...
Looks short to me, I note price dropped out of the ascending trend line & appears to be trying to climb back in, but, on the 1Hr we have a nice bear flag forming and on the 4Hr we have a gravestone doji. My short target is indicated with the white arrow.@$7800.
$SPX $SPY $ES_F As you can see, there's a bearflag breakdown currently bouncing from the would-be neckline of a h&s that I think will form a right shoulder and retest the broken bear flag channel.
S&P Futures had a weak bounce and has formed a bearflag on the hourly chart. Currently trying to break said flag. If volume picks up, this could get ugly!
Stng has some incredible volatility over the last days as well as record high volumes. Kinda an unpredictable stock for the short-term. Oil is rising again and tanker rates are falling. Imo Q1&Q2 are already priced in. Today's results will help us understand where this one is going...
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...
Very interesting, so DXY broke up from the failing wedge that was ending in 98.8 area and had a massive breakout so the next short term target i expect on DXY is 100.6. I expect that here a wedge-bear flag might be in play, so i am bearish on DXY, not just form TA but also from fundamental perspectives. We got a 61.8% retracement move i drew the fib from the gap...