This is an extension to the Bearish SSE50 setup that I posted not so long ago; I found a tradable US Listed ETF that tracks the movement of the SSE300 and the situation on this chart is pretty much the same as the one for the SSE50 where we are breaking a logarithmic trendline, the moving averages, and looking to make a minimum 61.8% retrace. However, I believe it...
With the crypto exchange's asset liquidation plan flowing as FUD, the BTC chart, which looked strong, looks fragile. Technically, a Bullish Dragon (green)' s TP (21700) has almost been (but has yet) reached, and BTC is on the path to test the support of another giant Dragon (blue). Dragon patterns (often simply wedges), large or small, bullish or bearish, their...
This is an update to a previous Pottential Shark BAMM Projection i had on the USDT Dominance. It's been several months since posting and in that time the Shark Situation is still somewhat valid as a new high has not been made but i think it looks a bit ugly now. So based off the price action we've gotten recently i will be raising our Potential B point, thereby...
As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray). If it breaks, what's the next target? Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue). Interestingly, the crosspoint of the two Gann Fans coincides with the FR...
On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane). Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272. The green ark would...
This is just a sketch. BTC is at the intersection of the arcs. It seems it's confined within. As always, meaningful moves would be after CES a couple of hours later. If the Gann Square works as expected, the more straightforward direction for BTC to go is down. In addition, the bearish dragon pattern of my previous idea hasn't unfolded completely. I have been...
We have a Bearish Dragon and a Gartley Bearish BAMM on the higher timeframes for NZDJPY. Yesterday i Attempted an entry on a Lower Timeframe but was unsuccessful; However, I still have a Higher Timeframe Bearish Bias and I will be maintaining my Bearish entry and even adding to it at this current price level for the Probability of Realizing the Greater Move down...
we got a bearish dragon with a confirmation break at the blue color line, a BAMM (bad action magnet move) confirmation break at the green line, all withing a bullish shark harmonic. If those line break we will be going to the D leg of the harmonic. Target 88.6 to 1.13% retrace
The top 50 stocks in the Shanghai Composite Index look to be collectively forming a Bearish Chinese Dragon which if it breaks down could very well send it straight down to the 1.618 Extension given that there's is only one little Support Zone Below us after the trendline is broken. Given this very great Potential Danger that is visible on the chart i will be...
I'v Been Awaiting the 4 Hour RSI to Show Weakness before attempting a Second Short on LUNC as the Bearish Dragon Watch is still in effect and we are still trading between the 50% and 61.8% Retraces; Once the RSI breaks through the Bearish Dragon Triggerline we will likely be in full on Warning Mode of coming back down to fill most of the Voids below. I believe...
We have a Potential Bearish Dragon on the UVXY as it shows weakness near the 200 Day Moving Average if we can get some Follow-Through and Break down through the Dragon Trigger Line we can see it go back down to the levels of $12-$10
Soon we will be Breaking down through the Demand Line and Triggering a BAMM down to the logscale 1.618 extension of a Bullish Deep Crab
We have bearish Divergence on both the MACD and RSI and are Back Testing a Trendline as new Resistance this looks like it will lead new lows.
Over the last few weeks i have been suspicious of GM's Price Action and have been awaiting a Sign of Weakness at a Local Top. Last week it seems to made a Higher High but showed even more Weakness on the RSI and MACD along with Elevated Volume. I believe price action is suggested to the chart that GM will come back down to test the trendline and if broken make a...
I posted some setups on lower timeframes awhile back near 3 dollars and over that time period ADA has pulled back and closed below this weekly trendline and now it seems that we will be going for much deeper targets Potentially down below 80 cents.
There are lots of patterns which confirm coming bearish wave 3rd level of Elliot wave on its way and most importantly this reverse Dragon pattern in 15min so if you sold at 1.0630 there will be still a lots of room for gains, if not still there will be possible small hump (Max=1.05970 &1.06) so you can sell from there again, usually SL should be bigger than second...
USDMNX currently in consolidation. bearish bat pattern has formed (blue). may lead to potential bullish bat pattern (rose). targets for dragon pattern on chart. watch price action and structure to determine entries. trade with care.
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.