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Bearish Patterns

GBPJPY Is Nearing Strong Resistance ZoneGBPJPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. In fact, drop from the high is impulsive on a smaller time frame, so it’s wave A that stabilized near 178 support area as expected. As such, current rise is corrective, ideally B wave that can be still in progress as a bigger correction before a continuation lower for wave C. Ideal resistance is at that channel line, from the outside, around 198 – 200 area. GBPJPY is looking for a higher resistance within wave C of (B) in the 4-hour chart, as it can be now breaking out of subwave »iv« triangle into subwave »v« of C, so keep an eye on next strong 198 – 200 resistance zone, from where bears for a higher degree wave (C) may show up.
Short
by ew-forecast
USDT Dominance Bearish Pattern: What’s Next for BTC and AltcoinsHey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! USDT dominance is a key indicator of market sentiment and liquidity flow between stablecoins like USDT and more volatile crypto assets like Bitcoin and altcoins. How USDT Dominance Impacts BTC and Altcoins: 📈 USDT Dominance Rising: This usually signals fear or uncertainty in the market, acting as a bearish sign for BTC and altcoins. 📉 USDT Dominance Falling: Indicates growing confidence, often leading to a rally in BTC and altcoins. Current Market Analysis: As shown in the chart, USDT dominance is forming a bearish flag on the daily time frame, which has already broken downward. It's now in the retest phase. Once this retest is confirmed, we can expect a significant drop in USDT dominance, likely triggering a strong pump in BTC and altcoins. In my opinion, this could be the last good opportunity to accumulate BTC and promising altcoins before the next market rally. What are your thoughts on this bearish pattern in USDT Dominance? Share your views in the comments below!
CRYPTOCAP:USDT.DShort
by CoreCrypto1
McDonald's (MCD): New setback after quarter pounder incidentOne month ago, we predicted McDonald’s would push into the 127.2%-138% range at max, and now the stock is reacting precisely as we expected. Pre-market trading shows a 6% drop following the news from Tuesday. The Centers for Disease Control and Prevention (CDC) has reported one fatality and ten hospitalizations linked to McDonald's Quarter Pounder burgers, resulting in the fast-food chain pulling the item from several menus. This incident has brought McDonald's stock back into its previous range, signaling that this wave (B) should mark the local top for now. If we are correct, we expect to see a 5-wave structure downward from here. While there could be a brief relief pump, we anticipate the stock falling below the wave (A) level of $243. We are patiently monitoring the situation, and if a favorable short setup presents itself, we will share the entry details. For now, we are watching how the news unfolds and waiting on the sidelines.
NYSE:MCD
by freeguy_by_wmc