Ethereal_Jay

Ethereal_Jay

Bullish market with bearish momentum! Price is moving in a falling wedge on the daily. On the 4hr and 1hr, price is moving in a beautiful rising wedge. Potential short when price breaks it to the downside. I always say never trade against the trend, but this is an amazing reason to break textbook rules and go a little crazy!

Ethereal_Jay

Bias on the daily is bullish, forming a descending channel on the daily as well (Bullish confluence). Moving down to the 4hr, trendline drawn for signal to buy once broken. On the 1hr, good bull flag is visible! extra extra confirmation. Happy and profitable trading to all traders!! Price has also formed a triple bottom, lots of wick rejection before that strong...

Ethereal_Jay

falling wedge pattern, broadening falling wege, bullish momentum and potential complex pullback.

Ethereal_Jay

On the daily price is ranging but, i can see bearish momentum since price is overall downwards. Going down the the 4hr, price is moving in an ascending channel and price is forming a small double top. Very strong resistance level, confirmation for Conservative traders would be when price breaks the channel. For aggressive traders, it would be okay to take the sell...

Ethereal_Jay

Not going to go too in depth about this one but this is a potential short, price has broken rectangle on 4hr, retested multiple times before the actual drop off. Confirmation of this sell would be if and when price breaks the bearish flag.

Ethereal_Jay

Firstly, on the daily time frame, i confirmed that the bias is overall bearish because, we have not broken any major structure levels. Secondly, price is moving in a descending channel on the daily. I went down to the 4hr to notice a rising broadening wedge, which also indicates bearish possibility. I also noticed a descending triangle... so many bearish...

Ethereal_Jay

Price is moving in a descending triangle on the 4hr, Price seems to be rejecting the resistance line, multiple wicks, I believe that since we are in a slight uptrend that this triangle is simply continuation, the bears wanted to have some control. But, i think the buyer have gotten this in the bag.

Ethereal_Jay

Price is forming a descending triangle. My overall bias is that the market is bearish and will sell off. Strong bearish push on the daily candles as well. The rest is pretty simple, price is ranging in channels but for day traders this would be the perfect trading setup once price breaks the triangle for confirmation of course. Wait for retracement for COMPLETE...

Ethereal_Jay

possible short

Ethereal_Jay

possible short 1hr timeframe

Ethereal_Jay

possible short on UJ, multiple resistance line hits..

Ethereal_Jay Updated 

based off of multiple touches on resistance line, possible short.

Ethereal_Jay

Triangle/ pennant pattern visible on pullback. I believe this will continue to the downside based upon previous double top at resistance,

Ethereal_Jay

Lets just see how this one turns out

Ethereal_Jay

Trend is beginning to trend upwards and has shown strong bullish movements. Buy should be placed because of support and trendline confirmation.

Ethereal_Jay

Im new at technical analysis but wanted to just try something out.