Natural Gas coils under SMA 200. Whatโs next?Natural Gas coils under SMA 200. Whatโs next?
Natural Gas is trading near $2.77, stuck inside a tightening range after recovering from the $2.68 support area.
The interesting part is that price is not falling anymore, but it is also not strong enough to break higher. Buyers keep defending dips, while sellers continue to appear near $2.80โ2.82, where the SMA 200 and the upper side of the pattern are located.
The macro picture explains this compression.
Hot US weather supports short-term deman
Bearish Pennant
DFMREI : Is Downtrend Over ?DFM:DFMREI (Dubai Financial Markets Real Estate Index)
๐ Is the Downtrend Over? Reverse Fibonacci Suggests Another Leg Lower โ ๏ธ
After rejecting from the 16.8k trendline resistance, the market continues to respect its broader bearish structure.
Here's what the chart is telling us:
๐น The previous impulse moved from a 13k swing low to a 16.8k swing high, which also aligned perfectly with a major descending trendline resistance. Applying a Reverse Fibonacci Extension projected the 10.6k zone as
DShort
Btc appears 2 be breaking down from symmetrical triangle/pennatThe full bear pennant breakdown target is all the way at 40k however just the symmetrical triangle on its own is around 54k or so which is the exact target of the previous bear flag shown here with the dotted magenta line. Thereโs a chance it could finish dumping once it reached the full target of both the symmetrical triangle and the previous bearflag but if we are indeed inside a bear market currently then probability is high that it will also head to the current bear pennant breakdown target
$BTC Bearish Pennant Or Higher Low Breakout?โฟitcoin continues to struggle to reclaim the 9DEMA.
Is this a bearish pennant that will trap bulls?
Or will these higher lows lead to a violent breakout to the upside?
If PA can start trading within the POI above the .618 Fib then thereโs a chance for a nice relief rally going into Christmas. Gut says it might breakthrough on the 5th attempt.
Confirmation will be CRYPTOCAP:BTC closing above the 50MA and 50% Gann level.
XAUUSD Bearish Pennant Breakdown | Retest in Play โ 3090 TargetGold (XAUUSD) has been in a corrective phase after reaching the resistance zone around 3370โ3420 USD, where the price was previously rejected with strong selling pressure. Over the past sessions, price action has developed into a Bearish Pennant pattern, typically seen as a continuation pattern in a downtrend.
Following a sharp drop from the highs, the price consolidated between converging trendlines, creating lower highs and higher lows. This structure resembles a pennant or triangle formation
The Bearish Pennant โ A powerful continuation pattern!The Bearish Pennant is a classic continuation pattern that signals the market is likely to resume its downtrend after a short consolidation. It consists of two key components:
๐ป The Flagpole โ A strong, impulsive move downward, indicating high selling pressure.
๐ป The Pennant โ A brief consolidation with lower highs and higher lows, forming a small symmetrical triangle. This represents a temporary pause before the next leg down.
How to trade it?
1- Identify a sharp downward move (the flagpole).
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the s
Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for t
$NATH to Play with Macro Tops & Bottoms, Falling to $70 by AprilNASDAQ:NATH
Nathan's Famous has completed an Elliott Wave Motive Phase, and now enters the Corrective Phase. With the stock having no existing stiff resistance level at ~91.25, the stock is going to return to it's comfort zone in the $70's.
GBPJPY new bearish for new week
GBPJPY strong bearish we are can see, currently for this week still having bearish expectations.
BEARISH PENNANT pattern is visible, price is make few bounces on zone 194.800, which will take for good sign, to we have good strucutre.
SUP zone: ~195.200
RES zone: 190.700, 190.000
#2 Danger BTC is falling Bearish Outlook and Macro Perspective
As in my previous remarks, I signaled an unstable #100k level, which has developed into a failure even to touch this mark. This reflects a loosening in bullish momentum, as many holders and investors are now taking profits. It's important to remember that there are also long-term holders (over 5 years) who experienced losses of up to #77% since November 2021. These holders might now be exiting their positions, adding selling pressure to the market.
Moreove
Bearish Continuation with Potential Reversal!OANDA:XAUUSD
4H Chart
Current Price: 2563.200
Descending Channel:
A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally.
Bearish Continuation Pennant:
A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price conti
Bearish Pennant on EUR/GBP @ D1This chart shows a bearish pennant on the daily chart of the EUR/GBP currency pair. It can be used as a trend continuation pattern in case of the price closing below the lower border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.83861), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.82562), it is placed at the pole's length below the SL. I wi
Bearish Pennant Pattern and Support Breakout in MDTUSDT CoinAnalysis:
Chart Pattern: MDT/USDT is showing a Bearish Pennant pattern below the support level, indicating potential for further downward movement.
Support Breakout: The coin has broken below a key support level, suggesting increased selling pressure.
Target Price: Estimate target prices based on the height of the pennant.
Cautionary Note:
Be careful, as trading cryptocurrencies involves significant risks. Ensure to assess your financial situation and investment goals before making any decis
MShort
Sell ETHUSDT Bearish PennantThe ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to decline.
Target Levels:
2764: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and pro
Bitcoin Bears Roar: Flagging Down to $52K? ๐ป๐๐ Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart
๐ Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside.
๐ฒ Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure.
๐ Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level.
๐ Invalidation: Invalidation of the bearish scenario would occur if Bitc
๐ Bitcoin's Bear Pennant Breakout: Measured Move to $59200 withAbstract:
๐ป Bitcoin is poised to break from a 4-hour bear pennant pattern, signaling a potential move to the $59200 area. ๐ This analysis explores the implications of this breakout, which aligns with the Shibunacci indicator, offering additional confirmation. ๐
Introduction:
Bitcoin's imminent breakout from a 4-hour bear pennant suggests a shift in market dynamics. ๐ Traders are anticipating a measured move towards the $59200 region, reinforced by confluence with the Shibunacci indicator. ๐
Be
Ascending Triangle or Bearish Pennant for Ethereum....It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant....
ideally we want to see the old resistance turn into new support, I do not expect that to happen.
A re-test of the upward sloping support of the pattern is like to occur.
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc g























