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Bearishreversal

EURUSD Possible reversal or continuationHTF - Market has been corrected in an ascending channel in the 4Hr TF, and just recently broke out to it. LTF - To me, the market seems that at least it wants to correct, however, the main bias is bearish, and therefore more bears are with strength in the markets, the main reason for me here is that the market can possibly reverse (theoretically low probability according to technicals and market bias) more due to the dollar index is forming a head and shoulder pattern at the top of its ascending channel, with that said, there's really no other reason why EURUSD should reverse here, besides that it broke out of the LTF descending channel and is correcting now... This idea is just my thoughts about what might happen to the EUR according to how the dollar might react to its levels! If reversal doesn't happen, the market will be breaking the bottom of that LTF descending channel and probably continue to the Daily support level of the symmetrical triangle.
by GonzeeTrading
1
Dollar index possible outcomesHTF - The market has been moving bullishly since May 2021, forming an ascending channel. With an impulsive move to the upside, nearly touching the HTF top channel. LTF - With an HTF bullish bias, I am considering possible outcomes out of the HTF top of the channel which implies the reversal, where to me we've already started doing and appears to be forming a kind of head and shoulder pattern. With that said, there's still the possibility that the market will move higher, since the Dollar is doing pretty well economically, however in my perspective, in order for dollar strength to carry further north a break of the HTF ascending channel followed by a correction must happen, however until then, I'm probably going to be more bearish biased if price breaks the right shoulder down.
TVC:DXY
by GonzeeTrading
What do you know about Rising Wedges?Gold has broken the $1800 level and is now trading just above it. This rising wedge occurred after a preceding downtrend which is going to act as a continuation of the preceding downtrend. I would boldly state that the recent gains XAUUSD has been experiencing is a pullback to resume/continue the original downtrend. If the high impact USD news (JOLTS JOB OPENINGS) being released is positive better than expected/positive, then my idea will be proved valid but until then, open sell limits with good risk & money management. If you like this idea, leave a like, share your thoughts in the comment section and most of all, hording knowledge is bad, so share this idea with your fellow traders !.
FX_IDC:XAUUSDShort
by LaBOSS_FX
1
AMC fully forcasted with Flat wave fic. retracement change added$286 ISH EP ON THE EXI.T TOP IS NON LOGARITHMIC WITH HISTORICAL ALGO PATTERNS AND OBVIOUS EWP LABELED. The Flat triangle wave that happens before the 5 th wave of a 5-3-5 Elliot combo wave with the retracement and support drop (due to the Instituional PLAIN manipipulation of the $SPX - bastardos) Exit 286 to be safe. Entry would be the first retracement - just follow the green ghost ppatterns Dont trade like a bull or bear- trade like a FOX
NYSE:AMCLong
by TheBadMrFox
Bearish Dark Cloud Cover at a 0.618 Fib Retracement On the DailyYesterday TSLA went up to fill a gap before closing bearishly on the daily and ultimately forming a Dark Cloud Cover. This is a bearish signal that could take us down to fill some gaps on the downside, potentially going as low as $412; Any significant price action above the 0.786 retrace will negate this trade and any significant price action below the 55 Day Simple Moving Average will strengthen the validity of this trade.
NASDAQ:TSLAShort
by RizeSenpai
1
FCPO TRADING : 174) approaching critical level- 2800this is haidojo and the number is 174... another drastic fall today...2900 has become a resistance level frm support... so we are closing to the critical support 2800...see whether this support level hold or not... IF it holds, price will slowly glide up frm here...IF lower-low is formed, a reversal is said to be formed... higher resistance : 3030 immediate resistance : 2900 support : 2800 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
2 of 3 Candlestick Patterns That Pinpoint ReversalsBearish Hammer Candlestick (AKA Inverted Hammer) These bearish formations are simply upside down hammers, and are also known as inverted hammers. Here's what a bearish hammer candlestick is telling us: Price opened near the lows of the candle, and although buyers initially succeeded at pushing price higher, they lost the final battle when sellers tipped the scales in their favor again by closing price lower than the opening price.
Education
by Tradingstrategyguides
EURJPY 15M ASIAN SESSION BEARISH REVERSALBearish Reversal Candlestick The inverse is true with this type of formation in a bearish scenario, and the image above shows that price made the highest high before reversing and closing strongly lower off its highs. Here's what a bearish candlestick is telling us: Price made a new high, but buying pressure very quickly dried up as an increase of sellers entered the market resulting in the candle closing lower off its highs, signaling selling strength. Strategy Provided by Price Action & Income by Richard Krugel
Short
by Tradingstrategyguides