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Bearish Patterns

Industower - Few things happening hereIndustower is currently exhibiting a bearish trend with several concerning signals: a fake breakout, a bearish flag breakdown, and the formation of lower highs. Traders should be cautious as these indicators suggest a potential continuation of the downtrend. The fake breakout implies that the recent upward move lacked genuine strength, while the bearish flag breakdown reinforces the bearish sentiment. Additionally, the pattern of lower highs signals weakening bullish momentum. However, if the stock moves above 440, this bearish view could be invalidated, indicating a potential reversal or strengthening of the bullish trend. Monitoring these factors closely and adjusting strategies accordingly will be crucial.
NSE:INDUSTOWER
by TradePatternsLikePro
TechM looks like Head and shoulder in formation!This chart presents a classic Head and Shoulders scenario, which traders should watch closely for confirmation. If the right shoulder forms and the price breaks below the neckline, it could signal the start of a bearish trend, providing an opportunity for short sellers. On the other hand, if the price breaks out above the current resistance, the bullish trend could continue. In essence, traders should be prepared for both outcomes by monitoring price action around the neckline and key resistance levels while also factoring in volume and other indicators to confirm the pattern's validity.
NSE:TECHM
by TradePatternsLikePro
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
TIA/USDT 80% down from My Analysis#Celestia (TIA/USDT) Profit Update: I alerted you when LSE:TIA was trading at its peak/ATH and advised selling at $16.50+. It went up to $20 for a bearish retest and then experienced a hard dump, now down 80% from my levels. Hope you earned or saved money! Profit Targets: TP1: $13.86 ✅ TP2: $9.82 ✅ TP3: $7.10 ✅ Currently, LSE:TIA is trading around $6.4 and has dumped to $4.8. Analysis: Now trading at a strong support zone, I expect this area to be a good accumulation and reversal zone towards a new all-time high. Stay tuned for more updates and happy trading!
Short
by CryptoPatel
NIFTY 50 Hits All-Time High - Is It Time to Book Profits?The NIFTY 50 index recently reached a record high of 23,100, marking a significant milestone. However, this peak is accompanied by concerning signals that suggest a potential downturn. Despite the achievement, the index is displaying weak momentum, evidenced by a bearish divergence in the Relative Strength Index (RSI) and the formation of bearish candle patterns over the past two days. These indicators raise the question: Is it time to book profits and wait for more favorable entry points? Moreover, the NIFTY 50 has formed a triple top pattern, which is a classic bearish signal. If the index breaks below the neckline at 21,800, it could further decline towards 21,200, where it might find support around the 200-day moving average (MA). In the near term, the technical charts suggest that a correction is on the horizon. Given these signals, it might be prudent for investors to consider booking profits and waiting for the market to present more attractive entry levels.
NSE:NIFTYShort
by breakout_ninja
#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis Intermediate Degree: ▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart. ▪️Target: $48,000 - $44,000. Primary Degree: ▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress. ▪️Target: $58,000 - $61,000. Cycle Degree: ▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming. ▪️Target: $52,000 - $58,000. Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory. Always conduct your own research before making trading decisions. Stay tuned for more updates and detailed insights. Please Like/RT & Appreciate
Short
by CryptoPatel
1
Alert: AEVO Down -80% from Its All-Time High, What Next ?AEVO Down -80% from Its All-Time High AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80. Current Status: Current Price: $0.76 Down -80% from ATH Technical Analysis Highlights: - The chart indicated a clear exit point at the breakdown of the $2.93 support level. - An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level. - It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline. Investment Impact: An investment of $100,000 at ATH is now worth only $20,000. Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals. Like and Share with your friends.
Short
by CryptoPatel
1