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Bearish Patterns

About WTICOUSD(Crude) Will Crude “Break Down” Or “Rise”? The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it head? In June, WTICOUSD(Crude) was trying to hit a new high and failed. After 8Th June 2022 price started to fall after hitting the price mark of 124.418. The fall continued till 27 September 2022 with the price hitting 76.571. After this, the first bullish sign was seen in the 1-hour chart, when the breakout of the 1st structure change happened, at the price mark of 83.204. This was retested on 18th October 2022, and the price started to show bullish movement. The current price movement seen in the chart, it is showing all the correct forms of bullishness, may it be any time frame 1hour, 2hour, 4hour or 1Day. If the price breaks the level mark of $83 to $82.50 and sustains the breakdown, then the downtrend will continue. It will result in the price heading towards the levels of $79.418 & $76.517 which you can see in the 4hour chart below. The first bullish sign in WTICOUSD(Crude) will be seen if the price sustains above $88. Keeping in mind that the market is the boss. Technical analysis has given us two significant levels to look out for, $88 & $82. These levels were marked important by the author with the help of simple tools like Horizontal ray, Trend line, fib retirement filter, and simple price action of 1 hour, 2 hours, 4hour and 1 day. On the trading view platform. OANDA:WTICOUSD
OANDA:WTICOUSD
by rajbhilarkar2000
2
Chola Finance SHORT, Rounding Top The Short Setup is as follows: Elliot Wave Standing Point: Rise from Covid Lows can be marked as a Diagonal in the form of ABCDE and Wave E just completed in September For the Short Term as per Daily Time Frame, we can see the following Observations: 1) RSI gone below 40 ✅ 2) ADX at 24 rising, DMI in Sell Mode ✅ 3) Super Trend (10,3) gone in Sell Mode ✅ 4) MACD in Sell Mode ✅ 5) And Most Importantly there is a Classic ROUNDING TOP Pattern Breakdown ! where the Base has Low Volumes and the Breakdown is on High Volumes Downside Target open to: 705 - 700 (as per Rounding Top Pattern) Stop Loss: Can be kept > 760 Since on Weekly Time Frame, it is a Diagonal as per EW Count, the Downside can exceed even further. So DO NOT Bottom fish The Target of 705 - 700 is bare minimum expected (conservative case)
NSE:CHOLAFINShort
by T_Harth
SBI Card SHORT - So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii equality comes at ~ 845🎯 Trade Plan as follows: Short at CMP= 915.5 Downside Target Zone= 850 - 840 Stop Loss= above 940
NSE:SBICARDShort
by T_Harth
Bajaj Finance SHORT Trade, Head & Shoulders TOP!Attached: Hourly Chart A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern. In this case, there is a BEARISH Implication One can Short at CMP Stop Loss above 7380 Downside Target open to 6900- 6800 Stay Safe And Happy Trading! If you like my work, then check out my profile and the other trade ideas that I have shared recently. Any kind of support is appreciated :)
NSE:BAJFINANCEShort
by T_Harth
Bearish Cypher pattern seen in crudeoil 7-10-2022It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code for diagonal trendlines: green - bullish , red - bearish , black & violet reversal points, Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
MCX:CRUDEOIL1!Short
by Elango-ragavan