What Are They Serving At Starbucks (SBUX)SBUX Weekly Chart Looking Bearish with #bearishengulfingsignal and #doubletoppattern
Bearishpattern
AUD/NZD in a clear opportunity for explosive breakout (1)AUD/NZD made Lower Highs and Lower Lows till price got stucked between $1.05 resistance and $1.04 psichological support (purple horizontal-dotted lines). Also, @ $1.04 there is another support from rising trendline. (green rising line)
Because we got Lower Highs and Lower Lows (magenta arrows) on this move, then it's normal to suppose the move will continue and our "bet" will be for the short side.
GBPNZDbearish patterns (2)
possibility for a head and shoulders structure. otherwise the consolidation area will continue in down trend
rsi is rising up
p.s the trend should go up due to bullish candlestick patterns ( you can see it on timeframe 5min); "for this reason the next candle should be a green one"
IGT - Bear flag formation Short from $23 to $20.13 IGT seems forming a bearish flag formation. A break of $23 will be flag pattern breakdown confirmation. And we think it can go down to $20 area at the breakdown.
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EURNZD: Bearish Bat PatternA short opportunity might be coming the next days at FX:EURNZD . Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the price is ready for bearish correction. Potential targets give a RR of 1:2 and 1:3.5.
Look for price reversal signals in entry zone at point D.
USD/CAD downwards momentumUSD/CAD has broken a long term uptrend and is now stuck in a bearish channel. It looks very weak at the moment but if it can make its way back up to the top of that channel the risk reward for this trade can be advantageous. I would expect a lower high followed by a lower low.
Bearish Gartley Pattern RulesBearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid.
The same rules can be used for a bullish gartley pattern.
EUR/CAD H4 - Bearish Gartley pattern projection- Gartley pattern projection
- Divergence present
- Waiting for pattern completion
Meanwhile, on H1 chart, a 3D pattern can be taken in accordance with H4 chart pattern
YAHOO possible Bearish Shark PatternLooks like completed bearish shark pattern. Looks like uptrend loosing power. Maybe hacks steal was the trigger for down trend.
On 1H chart we broke 240 MA, made pullback. We are on top of trend line, third attempt. If it holds we could go down.
USDCHF Bearish Harmonic Gartley PatternPattern will complete at the 127.2 extension of A>B.
Entry: 0.98274
Target 1: 0.97616
Target 2: 0.97198
Stop: 0.98931
Larsen & Toubro (LT) : Bearish Shark & ResistanceActually I noted this pattern when I came across a ping in my private messages..else I might have skipped this.
Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If it reverses we will have double top also in LT.
Hit Likes if you agree....
Thanks for your support...Happy Trading !
Potential Bat pattern AUDUSDHello Traders,
We have a potential Bat pattern completing at around 0.7486
This presents an opportunity to go short.
Target 1: 0.7434
Target 2: 0.7386
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Instagram: KashMarkets
USDCAD SHORTTERM REVERSAL EXPECTEDBEARISH PATTERN FORMING ON HOURLY CHART. ENTER SHORT @ 1.3532 , SL- 1.3600, TP 1 - 1.3375, TP 2 - 1.32928.
USDJPY: Big 2TopAs we see we have a very nice double top pattern. Price has tested the neckline and made little correction, what I am looking is the price to break this neckline which will be a nice opportunity for bears to go short. We may choose more conservative way to get involved in, when the price breaks the neckline wait for the retest and then sell. However there is a 3rd way to get involved which is 2618 strategy. Its up to you where you get in.
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Green Luck
Avto_T
