Get started

Bearish Patterns

Bitcoin Short-Bearish Pennant BreakoutBitcoin is making a pennant pattern which is about to breakout. It's a bearish pennant ,formed in 4h time frame.A bearish pennant usually breaks out downward but during the mixed emotions of the market and its' volatility can be cause of uptrend too.Also the market is on downtrend for a long time so a up move can be expected too. But the major signs is in favour of bear market so keep an eye guys.wait for the move.The targets of upward is 18916 and 20997.and the downward target is 15640 and jump to 12133.Happy Trading.
BITSTAMP:BTCUSD
by marketshero
Nifty50 - Overall Still Bearish - Sell On Rise CandidateNSE:NIFTY is still a sell on rise candidate on DTF & WTF basis. Overall view still bearish as the index is still trading below 20/50/100 EMA Any upside will be just a pullback retracement rally,. Potential bearish pole and flag patten in the making and such pattens do attract 38.2%, 50% and 61.8% levels which are depicted using Fibo levels. A 72.8% retracement is a possible stretch and remote possibility T1 - 15989 T2 - 16180 T3 - 16450 Downside open to 15110 levels again Interestingly on weekly time frame on June 13th, NIFTY formed a falling window candlestick pattern and as of July 1st closing, it has formed Downside Tasuki gap . As per the pattern analysis, bears are still strong as the bulls were not able to close the gap within 3 weeks of trades of falling window candlestick patten being formed. Sure you can see a retracement on the upside but higher level bears will bring in the supply making it a Sell On Rise candidate Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:NIFTYShort
by nerdywasabi
XAUUSDHello dear traders. Gold has given mixed signals. In my opinion it is still under bearish pressure but with lack of strong downtrend momentum right now. 10Y and 30Y yields and DXY are green, so this has already pushed prices down fomr the multiple times checked 1670 level. 1670 was great for 50 pips sell. On the other hand there is the 4H ascending trendline and at the moment while price lies at the support. It could easily bounce back up. But, my blue arrows indicate a weakness to form higher highs. In conjuction with long spike bullish candles, I see that insitutions have not initiated their real direction. They do scalp and they do close their profits in a short period of time. We can go long from 1660 to 1668-1670 with SL below the last support or we may enter long even better after the break & retest of the resistance level. Try to avoid trading during today's high impact news of USA. Keep an eye of this data to be released, in order to decide which will be the most logical direction. Otherwise, If the support is broken, we go short accordingly. GL!!
BLACKBULL:XAUUSD
by The_Forex_Path