WHICH ONE IS GOING TO HOLD THE PRICE FOR REVERSAL.Bearish Order Block
A bearish order block is generally defined as the last up-close candle (or series of candles) before a significant move down. The idea is that this represents an area where institutional sellers were active, and the price might react when it revisits this zone.
Why it's believe
About U.S. DOLLAR / BRENT CRUDE OIL
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times.
WILL THIS ORDER BLOCK HOLD AND REVERSE THE PRICE OR NOTWhether an order block will hold and reverse the price cannot be guaranteed; while it indicates a potential area for price reversal due to accumulated buy or sell orders, several factors like market conditions, price action, and volume need to be considered to assess the likelihood of a reversal at
WILL THIS BEARISH ORDER BLOCK HOLD THE PRICE OR NOT.To evaluate whether a bearish order block will hold the price, it typically need to consider several factors, including:
1. **Market Context**: Understand the current market sentiment (bullish or bearish) and trend. Is the overall market in a downtrend, or is there potential for a reversal?
2. **T
Brent Crude Oil Alert: Bearish Pattern Forming!The Brent Crude Oil chart is shaping up into a decreasing triangle pattern, signaling a potential breakdown ahead.
🔑 Key Highlights:
• Lower highs forming resistance
• Strong horizontal support being tested
• Bearish momentum building
💡 What to Watch For:
A break below the support line could tr
W pattern (BRENT)
The W pattern, or double bottom, is another bullish reversal signal. When you spot it, it often indicates that a downtrend has found strong support and is ready to reverse upward. The two troughs of the "W" shape are key areas of support. Are you anticipating a specific stock or asset to break out
BRENT potential BUY opportunityClosing price currently trade at $73.444 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 75.750 , TP2 is 77.815. stop loss at 72.008.
we can see a 78% retracement before around October starting and now again after bull run 78%
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Displays a symbol's price movements over previous years to identify recurring trends.