Banknifty Bearish Under 45450 till 45100Banknifty Bearish Under 45450 till 45100
Low Support Area
bearish till 45200 OI
after 11.30 Eruopean market open may be sideways market and after 1 may be trending
Bearishmomentum
AUDNZDAUDNZD is trading in long term bearish channel and respecting well the highs and lows of channel. price formed temporary small bullish channel within large bearish channel but failed to sustain. Currently the pair is retesting the broken support level and it seems like the pair is heading to further downside.
AUDCHF BearishAUDCHF has been falling for quite some time and has recently broken a strong support level. Price has came back to this level and is currently retesting as resistance. I believe price will continue to fall from here. Fasten your seatbelts!
📉🦇Bearish Bat Pattern Sparks Market Fears on Dow Jones! 📉🦇After successfully bagging over +1000 points on a recent Nasdaq buy, it's time to switch gears and follow the bearish trend on Dow Jones. The bearish setup is crystal clear in the 1-hour timeframe, as price has formed a bearish bat pattern - a proven and reliable harmonic pattern with a high winning rate.
The trend reversal has been confirmed by a bearish candlestick: a bearish engulfing, signaling that the late bulls have been trapped and the bears have taken control. The icing on the cake is the impending crossover of the 9 and 21 moving averages, which will intensify the selling pressure. Additionally, the RSI has hit a significantly overbought zone, further indicating a potential sharp fall ahead.
I have my sights set on three take profit levels. First, I'm targeting 34150, where I'll be locking in some profits. Next, I'll be aiming for 33950 as my second take profit level. And finally, my target is set at 33650, as I expect a satisfying drop in price.
Get ready to ride the trend reversal and make the bears dance to your tune! It's time to capitalize on the bearish momentum on Dow Jones! 📉🐻💰
Feel free to share your toughts in the comments section, follow me for updates. And dont forget to press the like button if you think this insight was helpful !🚀
BNBUSDT Bearish ImpulseBearish Impulse wave in development. Technical analysis up-to-date. After the fake-out from the major contract triangle, we can see clearly the direction of an inexorable leg downward. New levels for watch. Price action is currently retracing to the micro supply @ 239 region.
EUR/NZD Sell From Supply We are currently seeing bearish momentum from daily supply, and considering weakness on the 4H intraday timeframe we are likely to see fall in price to nearest supply (T2).
With good risk to reward and proper risk management let's see how price unfolds.
Nifty Nifty 50 break the strong trendline downward and the possible scenario right now is, it may go down Little bit and then Nifty 50 may rally up side direction because overall all Nifty is looking bullish 🐂.
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D.Y.O.R. !!!!!
GBPAUD Short Trade Idea There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
GBPUSD Bearish Outlook?Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable.
On the 4-hour and 1-hour timeframes, the GBPUSD shows potential bearish signs. The MACD is below the zero line, and divergence from last week's analysis is still valid. The pair may break support and trade bearish unless critical resistance levels on the daily and 1-hour timeframes hold.
Fundamental factors also play a role in the GBPUSD forecast. While there is no significant GBP news, several high-impact USD events may cause volatility. Key events include CB Consumer Confidence, New Home Sales, Core Durable Goods Orders, Advance GDP, Unemployment Claims, and Core PCE Price Index.
In conclusion, the GBPUSD forecast for the coming week is bearish, with technical and fundamental factors contributing to potential downward movement. Traders should monitor key events and employ proper risk management while navigating the forex market.
Please hit the boost and follow for updates in the coming week. Thanks for doing just that!
BTCUSDT local short (Bitcoin bearish divergence)Take a look at 2Days BTC price timeframe.
As you can see we got a bearish MACD cross after the divergency.
Also I noticed a biger ADX divergence which means that the strength of the trend is fading.
May be it could bring as to 24K next 1-2 weeks.
What do you think?
BTCUSD Ready to exit this big diamondBTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete.
Fisher Transform suggests the direction of the price action in 2H and 1D timeframes. Overbought condition on macro scenario, in which the price seems to be form a top, ready to a swing downward to complete a 5th wave of a expanded ending diagonal, likely to finish the actual bearmarket.
TCPL At a very interesting point where the price can move to any side .. just wait for the confirmation before entering the trade ✌️.
Technicals are amazing
Despite attractive technicals i expect the stock to breakdown further to support levels mentioned (Blue horizontal lines) after rejection from 38.2 Fibonacci levels.
I Will be happy to see your thoughts on this via. Comment your views on this
Note: Just an idea not any recommendation to buy or sell the particular stock.
SOL PERSONAL ANALYSIS IN THE LONG TERM (UPDATED) HELLFIRE!What is up guys? I have been off for a decent while since I have been very busy with life however I am back. Please be reminded that a high probable trade is among us with SOLANA and other assets which will begin to go down this day up to a maximum of 19.6$ with an expected pullback up to 22.2$. As you can see in the chart, the Relative Strength Index has clearly given an image of consistent long-term (daily chart btw) losses of buyer interest which could only mean one thing -- an impending doom of a massive sell.
How does the Relative Strength Index help confirm the foreseen downtrend? It is mainly a tool that shows the strength of a particular movement whether if it may be bearish or bullish. In this scenario, the RSI shows that each pump is considerably weaker in momentum than the previous one and the price action demonstrates no further upside action and is now entering a slow-downtrend or a consolidation period. Buyers are uncertain if they can keep up with the positive sentiment and bears are now preparing their moneybags.
If you have any more questions, please feel free to chat, comment, react and share!
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Bitcoin at Descending Triangle Pattern#Bitcoin 4hr. #TA at #KuCoin
As per my previous analysis, BTC moving at the pattern of #BearishExpansion & #Descending Triangle Waves pattern, next Divergence will complete its final wave, towards $21.5k to $20.5k..
And, If it breaks the $20.2k support zone, then it's first breakout at $19.5k & another is $17.5k too upto March.
Lets see, what's next move..
But be prepare, March will mostly under pressure of Bearish Zone Compare to February..
BTC -Bearish Expansion Triangle PatternBitcoin as per 4hr. #TA at #KuCoin
At Present #Bitcoin moving as per #BearishExpansion #TrianglePattern, and BTC will be soon at $22.5k to $21.5k Zone, while February Lower Divergence target is $20.5k... Just wait n watch, but not take big risk on long term future tradings...
BTCUSDT monthly w/ Ehlers SinewaveBTCUSDT monthly w/ Ehlers Even Better Sinewave oscillator. BTCUSDT is in a massive selling pressure, big SOW in dump with my intraday 14.6% Fibonacci retracement target in play. My speculated target for a bearmarket 2-month swing is on chart.
BTC Weekly Overview 2022 Seems bad!!!📊 #BTC 1W Overview
So you guys still wondering where the heck is BTC going let me make it simpler to explain it to you. Here above chart shows we are already since there in a bear market in red region which was triggered at 34K levels. BTC is now at critical support level at 19.6k (Orange line)🟠 which is the ultimate support for now holding or losing changes the game here for bitcoin. Losing 19.5k will trigger 12k (yellow line)🟡 level of support cluster down below. BTC needs to hold this level otherwise more bloodbath in the market. If you are still a bull in this sharp drop and want to see upward targets BTC can hit refer to the dotted purple 🟣 25k 30k 41.7k 59k 64.7k 69.3k levels. Until then focus on support.
EURUSD ! broke strongest support short tradeHello traders 👋
EURUSD broke 1.0000, which was the support line in the previous strong decline. As for EURUSD, the closest support can be around 0.97600, so there is little risk of opening a short trade.
Note how strong the DXY is growing
GBPCAD ! likely to fall to 1.52200 short trade According to the previous analysis, after the immediate uptrend line was broken, the decline continued and reached the first tp level.
Now GBPCAD in a bearish impulse, we'll wait for the pattern to formed and break down
AUDJPY BEARS IN CONTROLAUDJPY is dropping towards the monthly support.
Price is currently consolidating on the weekly support, a break below will drop towards 89.203 before any bullish retracement.
It can drop sharply againAfter the recent drop, the price has returned to the 0.5 Fibonacci level.
The sideways and weak price movement may indicate that market participants have accepted the current price or even are preparing for the next drop.
The chart suggests increase in bearish momentum.
BTC Price Action ReportBTC has broken through the very important support line a few days ago, and it is not losing its bearish momentum. Worst case scenario is that it will pump and bounce off the new resistance line. My projection is that BTC will dump to 28k, or even worse, dump to 18k. CRYPTOCAP:BTC
BTC/USD: Monthly overview in the Bitcoin macrotrendBitcoin it's forming a possible bearish movement that could to lead to the previously price around to $29,387 USD in this support line. Meanwhile, we expect that Bitcoin continue descending this market structure to find up sell during the next month to sell
Remember to know what happen in the global economy in the influence of U.S. Dollar about the interest rates hikes and tightening in the U.S. monetary policy and interest rates hikes in the global economy to take in note in Forex market.
