Fools Gold: Sold My BricksXAU/USD hit 1830 area of resistance and is showing signs of weakness in current bullish trend.
im looking at 1726 price as potential target for downside movement.
Bearishpattern
BTC Bearish Pattern (Short Signal)Hi!
I just saw this rising wedge playing out. If this pattern plays out it could reach all the way down to 0.5 fib level ($49.7K) and the bottom of the wedge ($46.7K).
If we broke above $52.9K this analysis fails.
Short-trend in CORNIt seems like a bearish flag pattern, which is building up in the Corn futures. So this could result in another short-term bearish impulse.
According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months).
My personal long-term view on the agriculture commodities is of course very bullish - but we can go still one level lower over the next months ...
End Times-24kLook at the right shoulder of the distribution circled in purple and compare it with the second purple circle.
USD/CHF: Daily Harmonic Patterns and possible movementsThis is the last update of current harmonic patterns on Daily USD/CHF charts. As we can see, two patterns are identifiable on the chart:
1. Ascending Wedge: Possible Bearish pattern
2. Symmetrical Triangle : Possible Bearish pattern
RSI is below 50 which confirms possible breakout and downtrend.
ETH/USDTBINANCE:ETHUSDT
hello dear traders,
the Ethereum has formed a bearish pattern,
so it can experience price correction from here,
our target could be the green support zone
and then bottom line of the channel.
POSSIBLE HEAD & SHOULDERS (bearish pattern) FUNDING IS POSITIVE Hello traders,
It's been quite a crazy 24 hours in the crypto markets.
Yesterday we had the YouTube conference with Jack, Elon, Cathie and some other random guy. The result?
EVERYONE is calling for a reversal and expecting bitcoin to push much higher and that's exactly what they wanted.
A coordinated conference to provide liquidity, retail is now filling big money's bags and wouldn't be surprised to see lower levels from here on out.
$30,888 - $31,111 would be an area of interest as it's a good place for market structure to prove itself, but also around the same area where 25x longs get liquidated.
Head and shoulders weren't designed to be printed so everyone and their mother see's it, that would be a textbook pattern and never usually happens.
I'll give it a few hours to play out and see if we get the right shoulder, if we do I'm sure we'll be trading below $32,000 by the end of today/tonight depending on how price action develops.
$TRX/USDT 2h (Binance Futures) Rising wedge facing resistanceTron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain.
Current Price= 0.08128
Sell Entry = 0.08232 - 0.08664
Take Profit= 0.07193 | 0.06525 | 0.05570
Stop Loss= 0.09456
Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86
Expected Profit= +29.72% | +45.52% | +68.14%
Possible Loss= -23.86%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week
#NZDUSD may fall moreFor #NZDUSD my analysis is same as #AUDUSD. I showed new ENTRY LEVEL with SL & TP.
#nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#AUDUSD will fall moreFor #AUDUSD I showed new ENTRY LEVEL. Also I showed TP and SL.
#audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#NZDUSD may fall moreFor #NZDUSD my analysis is same as #AUDUSD. In case price break ENTRY LEVEL, I will update TPs and SL.
#nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#AUDUSD will fall moreFor #AUDUSD my analysis is that the pair will fall more. In case the price break ENTRY LEVEL, I will update TPs and SL.
#audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#USDCHF bearish movement may continues For #USDCHF again we had a failed setup. At the moment I don’t open any position unless I see a correction to flag point. At that point, I will open short position to mentioned TPs.
#usdchf #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#AUDUSD toward our targetFor #AUDUSD the market will move down @least for 8 days. Our targets are 0.75601 & 0.74273.
If you are in sell position, keep your SL at 0.78234. now it is good time for a sell position.
Let’s see ENF will give us what we want or not.
#audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#EURUSD is moving as we expect For #EURUSD as I have mentioned in my daily view, the market should goes down for completing sub-wave B. This bearish movement would continue @least for one week. If you are in sell position, keep your SL at 1.21512. Our first target would be 1.1923.
Let’s see ENF will give us what we want or not.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
ONE OF THE MOST USED BEARISH PATTERNS: DESCENDING SCALLOPOne of The Most Used Bearish Patterns: Descending Scallop
· The descending scallop is a bearish reversal pattern.
· Descending scallops are common topping chart patterns.
· This is a downward trending char pattern.
· You can support me with your likes.
· Also you can share your opinion with me in comments.
· Attention: this isn't financial advice we are just trying to help people on their own vision.
·Have a good day!
Ascending Triangle - What's the phycological Truth behind this?We see many trend patterns while trading. One of them is ascending Triangle.You guys may rote that ascending Triangle is always bullish and it will be always bullish. But why it is bullish? Can't it be bearish any time? If not, Why? If yes, when? If you are finding the answers of these questions,this article is for you. Don't escape any line. Please read the full article. You will find your answers and will enjoy this article. Now Let's get into the topic✅✅
1️⃣ You may know Uptrend is always bullish and Downtrend is always bearish. What's uptrend or Down trend? An uptrend is when candlesticks make HH and HL or same High and higher Low. In an ascending Triangle, Candlesticks make same High and Higher Low. So it makes an uptrend into ascending Triangle. As a result it is bullish structure.
2️⃣ You may hear this " The more times candlesticks touches the trend line the weaker it becomes." In aline cending Triangle candlesticks touch the resistance 3 times but touch the support 2 times. As a result the resistance become weaker and get broken.
3️⃣ So a ascending Triangle never becomes bearish? Obviously it does. When the trend touches support line 3 times,it becomes an Head and Shoulder pattern. And it becomes bearish and breaks the support line.
4️⃣ Another bearish form of ascending Triangle is when trend makes a double top pattern into ascending Triangle.
✳️✳️ Now where to take entries?
Long position After the retest of previous resistance as support and short position after the retest of previous support as resistance.
✳️✳️Where to put SL? That's you all know where to put SL. You can put SL according to your bookish knowledge. But I prefer smart SL. I will share How to put smart SL in future.
✳️✳️Now I want your opinion. How's the article? Is it good or bad? I want to know your opinion eagerly. Please comment your opinion below. And A like is always appreciated. Thanks❤️
#NZDUSD look for a bearish movementFor #NZDUSD didn’t break ENTRY LEVEL WITH MORE RISK. Like #EURUSD I have shown another ENTRY LEVEL WITH MORE RISK and also another ENTRY LEVEL.
Keep your SL at 0.72897.
#nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#GBPUSD a good sell positionFor #GBPUSD my daily view is that it is in wave C. Our first target would be at 1.36423 but it could drop till 1.35026. The bearish movement will continue @least for one week.
If you are in sell position keep your SL at 1.40136.
#gbpusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#AUDUSD toward our targetFor #AUDUSD my daily view is that the wave B has been completed (it is approved by pattern, time and price) and the bearish move has been started. We will have this movement @least for 10 days in order to complete wave C. The most probable target is 0.7358. But keep in mind that 0.7531 is also a very strong support.
So, if you are in sell position, keep your SL at 0.78234. There may be other entry point, which I will update, if I have enough time.
#audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#EURUSD is going to go downFor #EURUSD my daily view is that we are in a sub-wave B. This bearish movement would continue @least for 14 days. If you are in sell position, keep your SL at 1.21512. Our first target would be 1.1923 and it can go down till 1.18027.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
