Once you've established a good resistance level, keep an eye out
for bearish price action signals, like the bearish engulfing candlestick pattern, forming at or near the level.
Not exact matches
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.
It's been an exciting 24 hours
for crypto investors as the slow and
bearish price action of the recent period quickly turned into a buying frenzy...
This flattening
price action with regards to sentiment is a
bearish sign
for the Euro and bullish sign
for the USD.
All of these setups were with the recent daily
bearish momentum and worked out quite nicely
for savvy
price action traders.
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.
When trading
price action, you want to look
for bullish pin bars at support and
bearish pin bars at resistance.
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.
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.
Price Action Tracker detected a
bearish false - breakout pattern and suggested to wait
for a break of 1.3506 to confirm
bearish sentiment.
This forex scalping strategy consists of an easy to read buy / sell arrow indicator and trading oscillator which oscillates above and below 0.00
for bullish and
bearish price action.