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Bearish Flag

AMD in a bear flag.Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11) Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 57.17 should result in a further move lower. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our overall sentiment remains bearish looking for lower levels. Our profit targets will be 46.46 and 43.46 Resistance: 64.00 / 69.00 / 78.00 Support: 57.20 / 54.60 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMDShort
by Saxo
1
NIO: Trading around a CRITICAL RESISTANCE! What's next?• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered); • As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual; • As we already mentioned, only if NIO breaks this upper line, it’ll completely frustrate this Flag, and it’ll reverse the bear trend; • Either way, it is good to see it breaking the 21 ema with such strength. We don’t do that since September; • Although NIO is trading near a critical resistance, there’s no top sign on it yet, indicating a pullback. If we see one, it might retest the 21 ema, or even the base-line again; • The situation is critical (again), and the next movements will tell a lot about how NIO will perform in the next weeks, maybe months. 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
5
Bearish flag resulting in 10k Bitcoin Bear flag: Short term: Bitcoin seems to have a systematic bounce from its current bottom in the 40k range, where the consolidation zone may bring k the price to the 45k range where the over-arching trendline is crossing and continuation to 49-51k. In the short term can we see a bottomed out MACD and an bottomed out RSI with room to reach levels of 45k and 51k range. Long term: After re-touching 45k and 51k ranges, would the price crash downwards as buyers have taken profit at these two price ranges. The bearish flag is formed and the the over arching trend is found once again on this down sloping trendline. Price movers which pushes the price downwards are: - The recession warning from Fed, impacting eg. the housing bubble - The supply-chain crisis impacting the economy negatively, eg. the food prices negatively - Increased oil prices - War time These factors in a period of economic slow down will make people less likely to invest in cryptocurrencies to keep dollar in their wallets. Here is there a negative correlation between DXY (Dollar Cost Index) and the price of Bitcoin. These reasons may cause the price of Bitcoin to follow the bearish flag formation resulting in a strong downtrend and reaching prices of 20k and 10k.
Short
by vf_investment
11
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern; • Since last week, NIO has been dropping while the volume was low, a sign of weakness; • If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8; • In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart; • Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend; • For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything, Remember to follow me to keep in touch with my analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
1
TSLA: We nailed the TOP! Is there a BOTTOM now?• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual; • Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect; • By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130; • The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
USDJPY range boundUSDJPY is the only pending order I have at the London Open today. The consolidation is growing and the energy will be building for a breakout soon enough. The Daily trend has been lower of late and the higher time frame has a Bear Flag pattern that is growing the longer the consolidation occurs, with a target for TP1 @ 135.86 Currency pairs have been reversing their daily momentum this week, so I am leaving the USDJPY to buy on too. Just in case this is not a consolidation before a breakdown but an accumulation phase.
by Macrobriefing
TSLA: Another BULLSEYE! What to expect next?• Since our last analysis, TSLA hit our target around $179 with an astonishing precision, and now it seems it wants to bounce again (the link to my previous analysis is below this post, as usual); • In the 1h chart, it seems TSLA is in a bull trend, as it is doing higher highs/lows, and it triggered an IH&S chart pattern as well. However, I noticed recently that it might be trapped in an Ascending Channel, which could become a Bearish Flag; • In order to avoid a bearish scenario, TSLA must react as soon as possible, and break the $198.55. As seen in the daily chart, this key point was a previous support, which is working as a resistance now; • In addition, if it triggers the bearish flag by losing the support at the purple trend line, it will frustrate any bullish thesis; • Therefore, the key points to watch are the purple trend lines and the $198 area. The next movement will probably be dictated by the breakout of one of these two lines. Remember to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
Btc on it's way down but stopping at the previous local lowsNow that the flag has been broken, the price is heading down, but not before hitting a few stops along the way which may act as support. It is currently at the first support which was the previous low from last week. The next will be the 15300 or so and finally the bottomish would be around mid 14k; 14500ish. In the long run It could very well pull a whole flagpole move and go down to 11k, but I have yet to see the flag pole and flag method work reliably. Good luck out there.
COINBASE:BTCUSDShort
by Siriuszbusiness
2
SOL breaking down from channel.The measured move from the yellow channel breakdown has a target of around 3.33 - 3.40. There is a chance however that sol finds support on the green trendline before reaching that full target. If we considered that same yellow channel to be the flag of a bear flag however the measured move goes all the way down to negative 83. Obviously thats not possible but it does leave room for sol to fall as hard as FTT did. For Sol to have a future it is going to need to at least hold support around the channel breakdown measured move imo. If it somehow holds the green trendline as support then that greatly increases its chances of one day reclaiming its former glory…either way for now it looks like there will be more downside to come even if it doesnt reach the full channel breakdown target. *not financial advice*
FTX:SOLUSDShort
by DrDovetail