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Bearish Patterns

TURBO Bearish Divergence on 1Wk ChartTURBO Chart 1WK: We have a negative divergence forming on the weekly time frame. If the current candle remains as a bearish engulfing candle by the close of this week (3 days), then it's going down to test the bottom of the channel and those lower wicks. Falling to the bottom of this channel would result in a -31%. Correction. If it breaks the channel lower, then it's going down -80% In a first ever "Utility Bull-Run," how will the meme coins hold up this time, with no utility? This could be like the FTX or Luna Crash 👀
Short
by sir_Cooley
2
NAS100 - End Of August - Are you not satisfied???Hello Traders. Come on guys, interact with the post if you seeing how accurate this is ! Notes for today Price tapped into our zone i mentioned in the previous post, 19,666 was to far but but 19,630 was my entry. Price was kind enough to come back to this point again today before NY killzone time. If you followed me from Monday, i mentioned we will see lower prices possibly up to 19,120. So far so good. If you caught it, you would be + 300 ticks minimum. For today, i am done. Will relook at the charts tomorrow. Trade safe 👌
OANDA:NAS100USDShort
by KingDee57
Bitcoin Faces Setback After Failed Attempt to Reclaim Key LevelsRecent Market Activity: Last night, $Bitcoin experienced a sell-off, dropping to the next support level after attempting to reclaim both the Daily 200 Moving Average (MA) and the $64,000 resistance level at the end of last week. Key Levels: Daily 200 MA: A reclaim of this level would have been very bullish, but the drop below it in the last two days indicates that the bulls are not ready to push higher. Resistance at $64,000: BTC’s failure to reclaim this level signals continued weakness. Bearish Signals: With this being the second lower high on the Daily time frame since June, Bitcoin is clearly indicating that it is not yet ready to move higher. Short-Term Outlook: Possible Move Up: A short-term move back up to retest the top of the range at around $61,000 is possible. Bearish Scenario: If Bitcoin is rejected at $61,000, further downside is expected, with potential support levels at $56,500 and the lower range around $54,000. Trading Strategy: Traders should remain cautious and monitor the key levels closely for signs of rejection or strength. #Bitcoin #BTC #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #SupportAndResistance #Bearish #Rejection #MovingAverage #PriceAction
by Richtv_official
1
How I Nailed a Perfect Breakout Trade Using a Simple Strategy*The following Analysis is made by my Trading BOT* Analysis of Your Trade: Descending Channel: Formation and Breakout: The descending channel is well-defined, indicating a corrective phase following an impulsive move. The breakout above the channel suggests a potential reversal or continuation of the prior trend, which appears bullish. Entry Timing: You entered the trade after the breakout from the descending channel. This entry aligns with a strategy to buy at the break of a corrective pattern, capitalizing on the resumption of bullish momentum. Resistance Zone (Blue Area): Initial Resistance Encounter: The blue horizontal line represents a resistance zone where price consolidated and failed to break higher on the first attempt. This is a good spot to watch for confirmation of a breakout or reversal. False Breakouts: There are some upper wicks visible in this resistance zone, indicating possible false breakouts or liquidity grabs. This suggests that many traders might have been stopped out before the true breakout occurred. Price Action Post-Breakout: Sharp Move Down: After the breakout, price made a sharp move down to retest the previous resistance (now turned support), which aligns with the principles of market structure where old resistance becomes new support. Correction and Continuation: The downward move appears corrective in nature, forming a series of lower highs and lower lows within a descending channel, after which the price breaks out and moves upwards sharply. Risk and Reward Considerations: Stop Placement: If your stop loss was placed below the previous swing low or the bottom of the descending channel, this would be a strategic placement to avoid being stopped out by market noise. Take Profit: Your target seems to be well-placed, considering the previous highs or a key Fibonacci level. The green area likely represents the take-profit zone. Volume Analysis: Confirmation with Volume: The volume spike during the breakout from the descending channel and the subsequent move up indicates strong buying interest, which is a good confirmation signal. Key Takeaways for Future Trades: Pattern Recognition: Identifying descending channels and their breakouts is a strong skill that can be leveraged in various time frames. Risk Management: Your trade shows a good understanding of risk management, especially if stops were placed beyond significant levels to avoid market noise. Confirmation Signals: Waiting for volume confirmation during breakouts is an excellent strategy to avoid false moves. Suggestions: Multiple Time Frame Analysis: Ensure that your lower-time-frame trades are aligned with the higher-time-frame trends or setups to increase the probability of success. Post-Trade Analysis: Continue reviewing your trades like this to refine your entry and exit strategies, especially around key zones like support and resistance.
OANDA:XAUUSDEducation
by Adlercon333
Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart! Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone! All along the way, creating Higher Highs and Lows forming a Bearish Wedge! Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN! *Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
Short
by Novi_Fibonacci