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Bearish Flag

AMZN bear flag. Must touch white TL before turning bullish. ~120This is a classic bear flag and trendline rejection on the daily. There is no floor for AMZN buyers to keep the price up here. Next floor and support is the white TL. We also saw NASDAQ:AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov Shutdown Looming" headlines again. Manipulation is common and allows the markets to be liquid. Stop falling for it. In my opinion, today was a bull trap. Look at the SP:SPX AMEX:SPY CAPITALCOM:US100 chart: I said yesterday in a minds post that we'll pump to 430 then re-evaluate. I did not expect 430 to hit the next day. This is crucial and is usually a sign of weakness. Could be wrong. Welcome to follow & trade with us - many callouts this month including NASDAQ:NVDA @ 415 NASDAQ:TSLA @ 234 NASDAQ:AMD @ 95
NASDAQ:AMZNShort
by kingdips
1
EURUSD: Potential to Extend Bearish Targeting Down to $0.83This is an update and continuation of this previous setup: EURUSD has reached the full target of the Bearish Butterfly it formed a few months ago and is now sitting below the lows of the range and is back below the macro trend line. There are a few options one can go with now: take full profits, take partial profits, or hold for a macro break down to the big levels below 1 dollar as it goes for a Type 2 Return, which in this case is the Gartley PCZ between 99-98 cents and the Gartley HOP level down at $0.83. I personally will opt to extend my first main TP down to around 99 cents before holding the rest until around 85 cents, as this looks to be the start of a Monthly ABCD BAMM that is confluent with the HOP at $0.83.
Short
by RizeSenpai
If you count with a market crash this one goes firstMonthly timeframe chart. Price is building up a huge bearish flag, it may try another push to the flag resistance (I would open a short then) but it doesn't look good at all for the Russell 2000. Another strategy is to open a small position now and add if price hits the resistance and is rejected or add is price breaks down the flag support in the weekly timeframe. This is a long term trade it could take several weeks to play out. TP at 145 support. SL at 205 level.
AMEX:IWMShort
by ArturoL
Ethereum - 76% crash to 389 USD! (must see, bear flag) My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish bias. It also looks like a wedge, but a wedge should have a 5-wave structure (a leading diagonal Elliott wave pattern). So this is a bearish pattern, and a 76% crash is absolutely coming in the next few months. You probably don't have too much time to think about what to do with your investments, but consider if you can handle a 76% crash on your spot or futures holdings. My recommendation is to sell, as it's too risky to hold it, and buying cheap ether later in 2024 is definitely juicy! Now what is the target, and where will the bottom be on ETH? We have a strong confluence at 389 USD and 387 USD because this is the Fibonacci 0.618 level of the previous bull market on the LOG scale and also because this is a 1:1 Fibonacci extension from wave (A) -> wave (B) of the current bear market! What's more, we have a first point of control over the volume profile, which you can see on the left side of the chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. As you know from my previous ideas, I expect Bitcoin to hit 10k next year. What would be really weird if BTC dropped and ETH rose? So 10k on BTC and 389 on ETH are my targets. I also checked more altcoins, such as DOGE, SHIBA, XRP, and LTC, and none of them looked bullish. The best is to stay in USD. Write a comment with your opinion, because I look forward to it! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
112
ETHUSD: Building Up to a Minimum 66% DeclineEthereum, after having been denied at the local ABCD PCZ, has begun to set itself up to continue its macro move down. All it has to do is break below the $1800 level, and that would be a breakdown of the ascending channel and the weekly 55EMA and 89EMAs. The PPO has already broken below trend and confirmed a lower high and is now working on breaking below the 0 line. The expected target would be the 0.886 retrace, but given the log setups that I've posted in the past, it could go much lower as those log setups are still valid.
INDEX:ETHUSDShort
by RizeSenpai