The SPX is bouncing from pennant support this morning. So in other words, the overnight lows in futures MUST hold or w may attack trend lows.
Analyzing Bitcoin Cash (BCH) on the 1H timeframe using Elliott Wave theory, we observe a potential bearish continuation forming. ? Wave Count & Structure The primary structure suggests a Wave 4 correction has completed, leading to a possible Wave 5 decline. A descending triangle formation has been broken, with an (A)-(B)-(C)-(D)-(E) wave structure confirming the pattern. A sub-wave 1-2-3-4-5 impulse appears to be developing for the next downward move. ? Key Levels Entry Zone: The price has rejected from resistance around $350. Target Zone: Bears could push price toward the $286 - $281 demand zone, with an extended target near $260 if selling pressure persists. Invalidation Level: A break above $350+ would negate this bearish setup. ? Market Context Bitcoin's movement could influence BCH direction. Confirmation needed with volume & candlestick structure before a strong move. ? Bearish Bias – Watching for a potential breakdown continuation with proper risk management. Let me know your thoughts in the comments! ?? #Crypto #BCH #ElliottWave #Trading #BitcoinCash #Bearish #ChartAnalysis Follow us for more Chart Analysis
1. Market Structure & Trend The EUR/USD chart shows a previous uptrend, confirmed by the ascending trendline, where the price made higher highs and higher lows. However, the trendline has now been broken, signaling a potential shift in market direction. The price is currently retracing from a key resistance zone, and a possible bearish continuation is expected. 2. Key Levels & Zones ✅ Resistance Zone (1.09563 - 1.1000): This blue-shaded area represents a strong resistance level, where sellers have stepped in multiple times. Price previously attempted to break this level but failed, forming a rejection. This suggests buyers are losing strength, and sellers are likely to dominate. ✅ Support Level (1.0800 - 1.0780): A critical support zone, which acted as a demand area in the past. If price breaks below this level with strong bearish momentum, it confirms a trend reversal. ✅ Target Level (1.06870): The next major downside target aligns with previous market structure and liquidity zones. This area marks a key demand zone, where buyers might step in again. 3. Trade Setup & Execution Plan ? Entry Strategy A sell entry is ideal on a confirmed break and retest of the support zone at 1.0800. If price retests this level and forms bearish rejection candles (such as pin bars or engulfing patterns), it strengthens the bearish bias. ? Stop Loss & Risk Management A stop loss should be placed above the resistance zone at 1.09563, ensuring a safe exit if the market reverses bullish. Risk-to-Reward Ratio (RRR): Entry: Below 1.0800 (after confirmation). Stop Loss: Above 1.09563 (resistance zone). Target: 1.06870 (support zone). RRR: Around 1:3, meaning potential profit is three times the risk. 4. Confirmation Indicators & Confluences ✅ Bearish Trendline Break: The ascending trendline has been broken, confirming a possible shift in trend. ✅ Support Flip: If the price breaks support and retests it as resistance, it confirms bearish continuation. ✅ Price Action Candlestick Patterns: Look for bearish engulfing candles, pin bars, or rejection wicks at key levels. ✅ Volume Analysis: Increased selling pressure after support break indicates strong bearish momentum. 5. Final Thoughts & Bias ? Bias: Bearish (Unless resistance is reclaimed). ? Key Watch: Break and retest of 1.0800 support for confirmation. ⚠️ Risk Management: Always use a stop loss to manage risk effectively. Conclusion This setup presents a high-probability short trade with a clear entry, stop loss, and target. Traders should wait for confirmation signals before executing the trade. If price breaks above resistance, the bearish outlook is invalidated. ? Stay cautious and trade with discipline! ?
Seeing a textbook bearish divergence on USDJPY – price making higher highs while volume fades. Breakdown from the rising wedge confirms weakness, and I’m eyeing a short entry around 149.18–149.74 (Fib 50%-78.6%). Stoch RSI overbought across multiple timeframes, EMA resistance holding… Looks like a clean setup for a drop toward 146.91. Let’s see if the rejection plays out.
We've has a seek and destroy pattern almost for an entire week. Nice London reaction to the downside to sweep PDL and close out on some in-sufficiencies. I'm projecting if New York session will be an uptrend, we'll purge above PDH first.
spikes attempts are shortable possible sell the news from BOE decision risk on tracker as well, with potential NZD recovery and indices rally Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial advice.
NIFTY - Bullish Momentum Nifty has witnessed a strong breakout with a decisive candle close. A confirmation with tomorrow’s weekly close above this level could signal a trend reversal, setting the stage for a bullish move towards 24,000.??? Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
expecting price to bounce from res level and entry after full body bearish candle
Left head right shoulder formation, breaking the neckline to the upside. Could have put in buy orders.
Bitcoin bricht nach oben aus und nähert dabei sich fast dem 200er EMA im 4H-Chart. Jetzt wird es entscheidend, ob die 50er EMA beim Anlaufen den nötigen Support bieten kann. Zudem könnte der Support an der blauen Linie zusätzlich die 50er EMA stützen. Der VPVR zeigt, dass sich das meist gehandelte Volumen genau am Support befindet, was als zusätzliche Unterstützung dient. Heute wird es besonders spannend, wie sich die Daten entwickeln und wie es weitergeht.