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Bearish Patterns

NIFTY SEEMS NEGATIVEHERE, I am sharing my idea on Nifty at closing of 3rd January, 2025. There is strong SUPPLY ZONE at 24,400 TO 24,250. Next DEMAND ZONE is at 23,800 TO 23,700. Long term view is BEARISH RSI WITH SMA: RSI is below 50 mark and has failed to breach 50 mark in last trading session. RSI MOVING AVERAGE is sloping downwards since 17TH DEC, 2024. SO, 1ST TARGET of NIFTY IS 23,800 - 23,700 Once it crosses this DEMANG ZONE, Next target WILL BE, 22,800 - 22,650. This is simply my attempt to predict Nifty, I am not asking anyone to trade based on this idea.
NSE:NIFTY1!Short
by sharescomplex
4
#Tiausdt 20$ soon we can see BINANCE:TIAUSDT / BINANCE:TIAUSDT.P ### 1. Price Action - The chart displays a recent downtrend that has potentially reached a local bottom. - The price is currently trading at 5.181. - A significant support zone is marked in green near 4.343, extending lower to around 3.722. This suggests strong buying interest in this region. - Resistance zones are clearly identified in the chart: - First resistance (Target 1) at 7.585. - Historical resistance zone near 9.350, where the price previously reversed. ### 2. Trend Analysis - The price has bounced from the support zone near 4.343, indicating a possible reversal to the upside. - A higher low formation is expected if the price continues upward momentum, confirming the trend reversal. ### 3. Technical Levels - Support Levels: - Strong support near 4.343. - Secondary support around 3.722 (lower range of the marked green zone). - Resistance Levels: - Immediate resistance at 7.585. - Secondary resistance near 9.350 (previous high). ### 4. Potential Price Path - A corrective movement to form a higher low before reaching 7.585 is anticipated based on the drawn path. - If the price breaks and holds above 7.585, it could potentially target 9.350. ### 5. Volume Analysis - Although volume data is not visible on this chart, observing volume increases near the support zone can confirm buying pressure. ### 6. Possible Scenarios - Bullish Scenario: - If the price holds above the 4.343 support and breaks above 7.585, it can target 9.350 and beyond. - Bearish Scenario: - If the price fails to hold 4.343, it may retest the 3.722 support. ### 7. Additional Indicators: - MACD: Check if it shows bullish divergence near the support zone. - RSI: Look for oversold conditions near the bottom to confirm reversal strength. - Fibonacci Levels: Use Fibonacci retracement to align potential reversal levels. ### 8. Trading Strategy - For Buyers: - Enter near the 4.343 support with a stop-loss below 3.722. - Target 1: 7.585. - Target 2: 9.350. - For Sellers: - Watch for price rejection near 7.585 or 9.350 for shorting opportunities.
Long
by YokubjonUmedovich
dydxusdt sell "🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
US30 Bearish to Bullish Play for the Week So US30 hit a nice bullish Rally from the divergent bottom but we were not able to break through 35.400 even though we broke the 4hr daily yellow trendline to the upside. We broke back into bearish territory Friday before close. So now I am looking at a weekly consolidation candle from last week giving me a projection for another possible consolidation week starting with a drop to the 42.450 area then I expect bulls to come In ultimately pushing price higher breaking through our 1st major resistance 34.400 into our 2nd major resistance 35.550, if we manage to break through both expect a bullish Rally into our next Major Resistance at 44.450. This week could close as another doji consolidation week if so I’m holding bottom buy entry to swing exits. I’m looking for a higher low this week giving us a wick on this weekly candle, I have a sell limit placed (shown on chart) and will possibly put a buy limit at the target price. FULL BEARISH SCENARIO: If we manage to break through 42.440 in a major way expect 42.250 next and a full break through that level would go to next major support zones at 41.900 & 41.650 May the pips be in our favor.
THINKMARKETS:US30
by jcatchinpips
1
Ready to tape read Yen for the last hour of trading?? Hello fellow traders! Let's observe Yen for the last hour of trading for 2024, that is, 0030 to 0130 New York time . My expectation is that the market will not break pdl , but we could see aggressive selling in the last hour. We've already taken buyside and I'm not expecting it to go above 158.082, which is the 26th Dec '24 high. Short term sellside objectives seem obvious. Do they seem obvious to you? Not a trading advice. Enjoy the holidays and wish you all a Happy and Prosperous New Year 2025!!
Short
by SatyajeetPSahai
THETA - A Nice Pattern for a quick tradeBINANCE:THETAUSDT (1D CHART) Technical Analysis Update THETA is currently trading at $2.33 and showing overall bearish sentiment Price got rejected from the resistance within the channel and expected to crash further. There is a good short trade opportunity here. Entry level: $ 2.33 Stop Loss Level: $ 2.58 TakeProfit 1: $ 2.1 TakeProfit 2: $ 2.0 TakeProfit 3: $ 1.9 TakeProfit 4: $ 1.78 Max Leverage: 5x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Short
by GreenCryptoTrades
1
XRP To Make or Break in 2025? A Pennant May TellBITSTAMP:XRPUSD has been Consolidating just above the April 2021 High @ $1.96 and shows potential of forming a Pennant Pattern! What does this mean for 2025?? Lets break it down Resistance Zone: ( $2.90 - $2.60 ) Support Zone: ( $1.96 - $1.76 ) So far Price has made 2 Tests of both the Falling Resistance and Rising Support and 3 Tests is what usually Validates a Trend line, so we want to be vigilant for what Price ends up doing when traveling to either Leg of the Pennant Pattern! Indicators: -RSI Above 50 suggests the overall sentiment is still Bullish -BBTrend Still Printing Green Bars *If Price Breaks Below the Support, we could see Price Decline further. *If Price Breaks Above the Resistance, we could see Price Ascend to the All Time Highs of $3.31.
BITSTAMP:XRPUSD
by Novi_Fibonacci
1
Catch Big Reversals Like a Pro Using the GOLDEN RSIHow to Catch Market Tops and Bottoms Using the GOLDEN RSI Indicator Trading market reversals can feel like a daunting task. But what if you had a secret weapon to help you identify tops, bottoms, and potential reversals with ease? Enter the GOLDEN RSI Indicator—a custom-built tool designed to revolutionize your trading strategy. In this tutorial, I’ll show you how to leverage this powerful indicator to spot reversal trades like a seasoned pro. What is the GOLDEN RSI Indicator? The GOLDEN RSI builds on the traditional RSI (Relative Strength Index) by adding optimized zones and visual signals that highlight potential bullish and bearish reversals. Unlike the standard RSI, which requires subjective interpretation, this indicator provides precise entry and exit signals by visually marking key market conditions. How to Use the GOLDEN RSI to Catch Market Reversals? Understand the Key Zones: Overbought Zone (Above 80): Signals a potential market top or reversal from bullish to bearish. Oversold Zone (Below 20): Indicates a potential market bottom or reversal from bearish to bullish. Neutral Zone (60-40): Consolidation phase where trends are less decisive. Spotting Bullish Reversals When the RSI dips into the oversold zone (below 20) and begins to reverse upward, the GOLDEN RSI will highlight a Bull signal. This suggests a potential upward move, ideal for long trades. Pro Tip: Look for confirmation with price action, such as a bullish candlestick pattern or a break of resistance. Spotting Bearish Reversals When the RSI climbs into the overbought zone (above 80) and starts to turn down, the GOLDEN RSI will mark a Bear signal. This indicates a potential downward move, perfect for short trades. Pro Tip: Combine with chart patterns like double tops or bearish engulfing candles to strengthen your confidence in the trade. The Hidden Power of Divergences Bullish Divergence: Price makes lower lows while the RSI makes higher lows. This signals potential bullish momentum. Bearish Divergence: Price makes higher highs while the RSI makes lower highs. This signals potential bearish momentum. The GOLDEN RSI visualizes divergences clearly, so you can spot them effortlessly. Use Risk Management Tools Set stop-loss levels below recent swing lows (for bullish trades) or above recent swing highs (for bearish trades). Use risk-reward ratios of at least 1:2 to maximize your profit potential. Real Trade Example Using GOLDEN RSI In the SPX 15-minute chart above, the GOLDEN RSI accurately identified: A Bearish Reversal near the market top, as the RSI entered overbought territory and started to fall. A Bullish Reversal as the RSI dipped into the oversold zone and recovered upward. These signals allowed for precise entry points, minimizing risk and maximizing rewards. Why the GOLDEN RSI is a Game-Changer Unlike generic RSI tools, the GOLDEN RSI is designed with traders in mind. It eliminates the guesswork by providing visual cues for market reversals. Whether you’re trading stocks, indices, or crypto, this indicator is a must-have in your toolkit. How to Get the GOLDEN RSI Indicator? Want to try it for yourself? Head over to TradingView and add the GOLDEN RSI Indicator to your chart. Use it alongside your favorite price action strategies to take your trading to the next level. Conclusion Reversals can make or break a trader’s portfolio. By mastering the GOLDEN RSI, you can confidently spot market tops, bottoms, and reversals with precision. Start using this custom indicator today and watch your trading results improve dramatically! Don’t forget to like, share, and follow me on TradingView for more tutorials like this one. Let’s catch those reversals together!
SP:SPXEducation
by thejamiul
20