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Bearish Flag

UPS- Continuation of stage 4 decline?Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). This is the case for UPS. After a last few good months for UPS, a possible bear flag is forming that coincides with a support/resisistance level and a downsloping 50d sma. The AVWAP of the latest High and Low are also above the current price, giving extra pressure for a downturn (since the sellers are in control). Things to consider for a stage 4: - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :TBA I will open some puts (3 months out) when the price breaks $173.3 or the striped support line. Possible stop loss could be the 50d SMA or the AVWAP of the low.
NYSE:UPSShort
by UnknownUnicorn7024067
BankNifty Preditiction Tomorrow 5th January 2023 | Expiry DayHey Guys, Hope you have seen my yesterday video and im sure you must have made a good profit today. Everybody was buying CE but i was waiting for the move since last Friday and finally i made some very good profit out of this bear run. Do see the important support and resistance level marked in the chart. Note : This video is only for the education/ trend analysis purpose. Use your investment wisely and speak to your financial advisor. Thanks
NSE:BANKNIFTYShort
by TradeTechanalysis
2
NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70; • Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
4
ETH IS AT RESISTANCE! EXPECTING A REJECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH is forming a bear flag in 4hr, which is generally a bearish pattern. It is currently, near the upper boundary of the flag. I am expecting a rejection from here. After the rejection, we have two supports one is at around the $1220 level and another one is at the $1190. Breaks and close below $1190 will be bad for the overall market and we might see a massive dump. Invalidation:- If any 4hr candle breaks and closes above the flag's upper boundary ($1250), then this bearish scenario will invalidate. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
11
Ethereum Confirming the Bearish Breakdown to $168.81Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below the POC as well as triggered tthe CAI. I think this gives great reason to believe that ETH will be coming down to lose 88% of it's value meanwhile other coins like XMR, XRP, and LTC will significantly gain in ETH Value.
INDEX:ETHUSDShort
by RizeSenpai
1
ETH NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH is forming a bearish flag pattern in the 4hf time frame and currently, it is testing the middle line of the flag. I'm expecting a rejection from here and the price might go to test the lower line of the flag. Here we have strong support also. After hitting the lower line, we can expect a bounce up to the $1230-$1250 range. I'm setting my long bids at the $1150-$1170 range with the tight SL. Let's see how this goes. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank you!
Long
by CoreCrypto1
6
Bitcoin - Secret pattern no one is talking about! Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C wave to the upside. There are many shorts that must be eliminated before bitcoin experiences a historic crash! The previous uptrend from November 21 to December 14 was nice, but unfortunately, there are a lot of signs of weakness in this particular move. Example: There is an overlap between wave W and wave X. It looks like a WXYXZ triple-three (ZigZag) corrective structure. The subwaves look like zigzags, not impulses. That's why I am being a little bit pessimistic about this previous uptrend. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. 15487 is the next major support, and I believe the market wants liquidity below this level. All stop losses should be hit first, and then I expect a bullish pullback. I will inform you in my next analysis, so make sure you follow me! It's better for Bitcoin to crash to 10k immediately, so we can eventually start a new bull market sooner rather than later. Probably the last thing you want is for Bitcoin to slowly rise to 21k–30k and then dump to 10k. Check out my related idea about "Bitcoin - Merry Christmas!" in the related section down below; you don't want to miss it. I think we will see more major players capitulate, so stay safe! There is an opportunity to wipe out big players out of the game now or never. Thank you.
by UnknownUnicorn2537518
67
LTCUSD ABC correction nearing completion?after 5 waves up we are seeing a massive ABC (variation of) correction and completing the 5 waves of C imho IF this count is correct, and BTC tumbles to new lows (or at least test previous lows) i think its fair to say we will see market wide corrections Some Key Levels of Significance: -$48.88 -$40.27 -$29.52 -$22.83 in particular if this current structure is a true bear flag, i will be most interested in a buy at the ~$30.00 level not financial advice, just thoughts and notes for me to compare in the future.
COINBASE:LTCUSDShort
by astoinis
1
NIO: Be careful with this BEARISH FLAG!• NIO is trading around the support level of a Bearish Flag chart pattern; • Yesterday, it tried to trigger the pattern, but in the end, it did a bullish reaction and it stabilized around the trend line; • If NIO triggers this flag, the bear trend will resume and the technical target of this pattern is around $5; • In order to avoid this bearish scenario, NIO has to react as soon as possible, and stays inside the Bearish Flag again. This would indicate another bounce, possibly to the $14 again; • Either way, we’ll have our answer soon. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
DOGE - Extremely bearish pattern, buy/long here! Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders. I am buying doge exactly at 0.06112 for a short-term profit. I will trade it on the futures market, of course, but you can do it on the spot market as well. Don't forget to set your orders! From the Elliott Wave perspective, the previous uptrend looks like a 3-wave ABC corrective structure. Not the best sign. I remember before everyone was buying DOGE like crazy, and now everyone is at a loss. The crypto winter is real; nothing is bullish pretty much. The only way to make money is to trade futures. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, profit target, expected duration of the trade, risk-to-reward ratio, or timing. Why buy doge at 0.06112? because it's the last high-volume node on the volume profile and also because we have an ascending trendline, which should work well together. What's more it's the start of the massive gap. The 200-day moving average has been tested three times, and it's just too much. It looks like buyers are running out of steam. There are 2 most likely scenarios. The first is that we will spend more time in this triangle. The second is that we will breakdown very soon. Thank you!
Short
by UnknownUnicorn2537518
47
Bitcoin - Bear flag, January is an extremely bearish month! Sell before Christmas because this is the time when Bitcoin falls like a rock pretty much every time! January is also a deep freeze for Bitcoin. At this point, this overlapy uptrend from 15450 to 18400 looks like an ABC correction to me. It shows all the signs of a correction. Altough I believe there will be a lot of buyers at the 0.618 FIB retracement because this uptrend can be considered a strong trend by some traders. I am buying here for short-term gains. The 0.618 FIB is a strong support because it coincides with the POC on the volume profile, the previous breakout level, and the beginning of the GAP. I give you the most professional outlook on bitcoin, so hit the like right now! Thank you. We can clearly see that Bitcoin is moving in an ascending parallel channel, or you can call it a bear flag as well. This is a big problem; you probably don't want to see this pattern at the start of something big. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. After we break this bear flag, Bitcoin can continue to drop to new lows and potentially hit 10k next year. I hope it happens very quickly, so we can start a new bull market as soon as possible. Of course, I don't want Bitcoin to be stuck in some range for another six months and then slowly bleed down. At this point, I cannot be bullish because of the DXY index, and if I take a look at altcoins, it looks even worse. Thanks for your attention!
Short
by UnknownUnicorn2537518
67
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post); • Now, NIO hit a support level, the 21 ema in the daily chart; • Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance; • Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully; • On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5; • Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2