Get started

Bearish Patterns

USD/JPY idea short 1hHey i have a little idea for a short position it goes like this. A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think. Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see. If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again. Enjoy your weekend everyone! #RisingWedge #Bearish
Short
by MrViewPips
Altseason Alert: Watch This Bitcoin Dominance Pattern Closely!Hey everyone! If you’re enjoying this analysis, don’t forget to hit the 👍 and follow for more updates! We’ve all been waiting eagerly for one thing—the Altseason! I know it can be frustrating hearing "Altseason soon" while altcoins seem to be moving sideways. But remember, the longer we wait, the bigger the rewards could be when it finally arrives. Now, let's dive into the Bitcoin Dominance chart, because Altseason largely depends on it. As you can see, dominance is forming a rising wedge pattern on the daily time frame and is currently showing rejection from the upper trendline. If we get a strong rejection here followed by a breakdown, it could be the spark that kicks off an incredible Altseason. The key here is patience. Stay strong, hold your altcoin bags, and get ready for the big move! Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7
EURUSD Stays In Downtrend After ECB Cut RatesThe Euro is weak across the board after the ECB cut rates by 25 basis points yesterday, as expected. More importantly, Christine Lagarde noted that data suggests the economy in the Eurozone is weakening, which means there could be more rate cuts on the table in the future. However, this will depend on upcoming data, as noted by the ECB President. Looking at the wave counts, we are definitely seeing a bearish impulse. The only question is whether we will still see a fourth wave rally, or if higher ABC recovery will show up. In either case, there should be more weakness after the next bounce, which I will track closely for potential shorts. Strong resistance is definitely around 1.09 to 1.0950. Grega
Short
by ew-forecast
ASML (ASML): Massive Sell-Off - What's next after the $50B loss?We are sure you’ve heard about ASML’s massive drop yesterday, erasing $50 billion in market value within hours following a technical error and the earnings report published a day earlier. ASML, Europe's most valuable tech company and a critical supplier to chipmakers, is now facing doubts—not about its long-term prospects but regarding short-term sales and whether it can continue to outperform the market in the long term. As always, we’re not focused on intraday trades but are looking for bigger, high-risk-to-reward swing trade setups. To assess this, we’re turning to the Weekly chart to analyze ASML’s most important levels. Our most likely scenario at this point is that the All-Time High represents a wave B, after exactly respecting the 138% Fibonacci extension level. Coupled with the bearish divergence on the RSI, this pullback was expected. While it's difficult to predict the exact point of reversal, we see $600 as a major psychological support level that could hold in the short term. To reverse the current downtrend, ASML must break above the resistance zone of $850–$895. However, as this is a potential wave ((ii)), even reaching the All-Time High is not out of the question. Merely reclaiming this resistance zone might not be enough to signal a trend change. We’re keeping an eye on all major support zones, but the largest position we plan to open would be between $250 and $140. While this is still far off, and there will likely be opportunities along the way, this zone would provide the most textbook setup according to Elliott Wave Theory. The recent dip has also opened up more potential plays for the future. Stay tuned as we monitor the situation for further developments! 🔥
NASDAQ:ASML
by freeguy_by_wmc
6
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,679.580. Considering the today's price action, probabilities will be high to see a movement to 2,648.659. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1