Bearish Reversal Signals: Will the Price Reverse?

6 oct.

4H Timeframe
Current Price: 20,030.9

Bearish Signals:

• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)

Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.

Price Targets:
Bullish:

• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge

Bearish Reversal:

• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0

Happy Trading!

10 oct.

Transaction en cours

1st Target Reached: 20, 210.3 ✔
2nd Target Reached: 20,351.4 ✔

11 oct.

Note

So far, the market is dancing to the rhythm of my analysis.
Ride the waves and cash in—wishing you flawless trades!

24 oct.

Transaction en cours

Bearish Reversal:
• 1st TP: (Broadening Wedge Lower Trendline) Reached

31 oct.

Transaction en cours

Lower Trendline of Rising Wedge: Reached

4 nov.

Note

Prepare for a Potential Further Decline

6 nov.

Trade fermée manuellement

Most Target Reached...