This is a small sign of
bearish price action in the stock market.
Not exact matches
If you follow my blog, you need to understand that any technical analysis I share,
bearish or bullish, is always subject to actually being confirmed by
price before any
action is taken
in my stock picking newsletter.
Hence, after studying the charts for some 20 years and watching what market
action has followed the appearance of Broadening
Price Patterns, we have come to the conclusion that they are definitely bearish in purport, that, while further advance in price is not ruled out, the situation is, nevertheless, approaching a dangerous s
Price Patterns, we have come to the conclusion that they are definitely
bearish in purport, that, while further advance
in price is not ruled out, the situation is, nevertheless, approaching a dangerous s
price is not ruled out, the situation is, nevertheless, approaching a dangerous stage.
In this addition to my
price action course, I'm going to teach you how to correctly identify and trade the
bearish harami pattern.
Then 1st step is to see if
price action reveals (
bearish rejection) 2nd step once p / a is confirmed use money management or (mm
in future) to enter long trade
Is the stock market's inability to rally
in 2018 despite strong fundamentals a sign of «
bearish price action»?
As has been the case
in the past few weeks, the Aussie took directional cues from gold and risk sentiment, which makes for some rather weird and messy
price action, especially on Monday when gold
prices dropped because of the Greenback's overall strength, which is
bearish for the Aussie.
In the last addition to my free
price action trading course, we went over the
bearish engulfing pattern.
This week, we will look to trade
in - line with this
bearish momentum by watching for
price action sell signals at resistance after a retrace higher.
The EURUSD gained back some of last week's lost ground today, however, we are still
bearish biased on this market after seeing it weaken significantly over the last two weeks as we discussed
in this week's weekly
price action outlook.
We remain
bearish biased on this market and will continue watching for
price action sell signals from resistance to rejoin the downtrend as we can see the longer - term downtrend is still clearly
in effect and key support isn't seen until down near 1.2040 area.
At this point
in time it looks as though the S&P is going to acquire it's full double bottom target at 2084.30 (calculation shown on chart) as there is barely a glimmer of
bearish price action to work with and as we saw Friday, any kind of dip is bought with both fists.
Whenever there is
bearish looking
price action on the tape, the central planners come
in with some sort of dovish talk or bazooka type money printing and the market doesn't just bounce but causes an epic short squeeze followed by epic FOMO (Fear of Missing Out).
So using this as an indicator
in the way we have been thinking really seems irrelevant now as central bankers continue to hurt any sign of
bearish price action.
Weekly Chart:
Price action on the stock seems to be trading
in a consolidation range with an up build of a
bearish character.
Nope,
price action explains why it was overvalued [lack of demand] and it has been
in a
bearish trend since 1995 (Clearly something is wrong with management).
Any negative
price action however would indicate a
bearish reversal
in the trend.