Bearish Flag
EURNZD Sell IdeaH4 - Price broke below the bottom of the channel, currently it looks like a retrace is happening, bearish flag pattern.
H1 - Bearish divergence, if the price moves lower and breaks below the bottom of the bearish flag pattern we may then look for more bearish evidences in order to join the bears.
If you want to be more conservative then wait for the price to break below the bottom of the H4 channel again. You may then look for more bearish evidences in order to join the bears.
EURGBP Sell IdeaW1 - Price is nearing the bottom of the channel.
H4 - 3 lower lows, lower highs structure currently the price is moving inside a bearish flag pattern.
If we get a valid breakout below this pattern we may then start looking for sells with more bearish evidences.
USDSGD Achieved Target Price Objective 1.36066Sloping Flag. Parallel Channel. Equidistant Channel. USDSGD.
EURAUD 1D BEAR FLAG SHORT TRADEA Bear Flag is a form of a Ranges which is a repeatable trading chart pattern.
A Bear Flag chart patterns will have a bearish directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
ORBEX: EURAUD - Are We Going To See A ZigZag Duplication?It looks like we are on a bear flag correction with the potential moving down increasing following the minuette zig-zag ( (a)(b)(c) ) appttern. The correction down to 1.618% FE validates this pattern.
The flag structure hints to a duplication of the first corrective leg down as it is dominant, which places the intermediate target for EURAUD near 1.55
It is likely that after a successful bearish breakout the currency pair slides towards the 61.8% FR near 1.59 first, and then slip lower between 78.6-88.6% FR levels.
This scenario could lead to lower lows forming a new low for intermediate wave 2.
Note that bears could start pushing lower at any point, or, alternatively, they could let market move higher for one last upside leg before pushing down!
This opportunity would be invalidated above 1.65 or so, or the intersection between price, time and the top trendline of the bear flag.
Stavros Tousios
Head of Investment Research
Orbex
Bearish Flag and Bearish DivergenceGBPUSD upward momentum exhausted. Bearish flag and bearish divergence formed
ORBEX: EURUSD - Correction Likely To End Soon! Then Going For 5?EURUSD could move a tad higher to complete minor wave 4 near 1.1145 before continuing lower. The said level is the 1.618% FE of wave 1/2 correction and also the 50% FR of minor waves 2/3.
Look for a valid breakout below 1.099 for medium-terms shorts but keep a cautious eye on short-term longs as the correction could end soon.
Should prices move above 1.1194 it should be received as an early sign of invalidation.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
BTCUSD Bear Flag | $8000 Psychological Level Hello Traders!
Another update today, which will be on Big Baddy BTC, forming a potential classic bear flag and is trading at $8000 psychological level. It is highly probable that this bear flag comes to fruition as the lower trend lend is being tested for the third time…
Points to consider,
- Trend in a bearish structure
- Lower resistance at .236 Fibonacci Level
- Stochastics in lower region
- RSI in lower regions but not extremely oversold
- EMA’s giving price resistance
- Volume below average
- VPVR showing low volume of transactions below bear flag
BTC is holding the $8000 psychological level on the lower trend line of this potential bear flag; we can say that this is one clean looking bear flag…
The trend is overall bearish as it has been putting in consecutive lower highs; no new higher lows have been established after initial bear break from upper descending triangle. Local resistance is at the .236 Fibonacci Level, which is inside bear flag, BTC has tried to break above it multiple times but has failed.
Stochastics are currently trading in the lower region; it can stay in this area for an extended period of time until we see a clear cross to project upside. The RSI is also trading in the lower region, but not overly oversold, it has cooled off from recent lows, a bounce from this current bear flag support line can further cool of the RSI.
The EMA’s providing price with resistance, however does look weak as price has been trading through it within this bear flag. Volume is below average, we need to see an influx of bear volume if this bear flag was to come to fruition.
The VPVR is interesting as it shows low levels of transactions below the bear flag, price is more probable to reach technical target due to low levels of transactions (resistance) posed by the VPVR…
Overall, IMO, it is highly probable for this bear flag will come to fruition as BTC is established in a bear trend. The technical target of $6500 has historical significance; it would make a lot of sense if BTC were to retest those levels…
What are your thoughts?
Please leave a like and comment
And remember,
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
XLU Bear Flag Liquidation of utilities has begun. Makes sense as we're nearing the end of the year and they are up huge. Also make sense because they are a source of funds to buy laggards that could benefit from a tariff pause.
Goodluck.
AMEX:XLU
GBPAUD 1D BEAR FLAG SHORT TRADEBear Flags are a form of Range patterns which are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750? After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid invalidating the bearish pattern.
Stuck In A Symmetrical Triangle Ready To Break On 1 Hr:
Price stuck Between 200 Day MA & EMA:
Measuring The Move of the Descending Triangle Breakdown
Bear flag forming on AMZN; could head lower.Amazon (AMZN) is currently forming a bear flag formation. Price has been consolidating along the 200 day moving average, with downward pressure from the 50 day moving average. Watch for a break below the 200 day moving average that I have colored in Red. If that happens, Amazon could return to the 1560-1620 support zone, as the measured move of the bear flag lands the price close to that region.
MA Guide (All daily for this post):
50 day MA in Green.
200 day MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us
AUDCAD Sell IdeaD1 - Price is moving inside a bearish flag pattern, bearish hidden divergence.
H4 - Bearish divergence.
H1 - Double top, bearish divergence, price has broken below the last low, currently it looks like a pullback is happening.
If the price moves lower and breaks below the bottom of the daily bearish flag pattern, we may then start looking for sells with more bearish evidences.
S&P 500: Sell on breakdown There is a nice flag shaped and it was broken down and retested.
Watch breakdown of 2992 for further drop.
Stop 3003
TP 2962
EURNZD Sell IdeaW1 - Price reached the top of the bearish flag and is moving lower. Bearish divergence.
H4 - Bearish hidden divergence.
H1 - Price broke below the bearish flag, bearish divergence, lower lows. We may now look for pullbacks and sells with bearish evidences.
CADCHF Sell IdeaD1 - Potential double wave down, price has room lower towards the critical level. Price is currently moving inside a bearish flag pattern.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles and the top of the daily bearish flag pattern.
Price has currently reached this zone, we have potential bearish divergence,
We may now look for more bearish evidences in order to join the bears.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).
AUDCHF Sell IdeaD1 - Price is moving inside a bearish flag pattern.
H4 - Price is nearing the critical zone formed by the top of the daily bearish flag pattern and the fibo level of the cycle.
H1 - Bearish divergence, once the price reaches the critical zone, we may then look for bearish setups with bearish evidences in order to join the bears.
Invalidation: This sell setup is valid until the critical zone holds. If the price breaks and holds above the critical zone then this sell setup will be invalidated.
