Bearish Reversal Signals: Will the Price Reverse?

Oct 6

4H Timeframe
Current Price: 20,030.9

Bearish Signals:

• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)

Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.

Price Targets:
Bullish:

• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge

Bearish Reversal:

• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0

Happy Trading!

Oct 10

Trade active

1st Target Reached: 20, 210.3 ✔
2nd Target Reached: 20,351.4 ✔

Oct 11

Note

So far, the market is dancing to the rhythm of my analysis.
Ride the waves and cash in—wishing you flawless trades!

Oct 24

Trade active

Bearish Reversal:
• 1st TP: (Broadening Wedge Lower Trendline) Reached

Oct 31

Trade active

Lower Trendline of Rising Wedge: Reached

Nov 4

Note

Prepare for a Potential Further Decline

Nov 6

Trade closed manually

Most Target Reached...