Technical Analysis Tools and Signals
1. Descending Trend Line
Yellow descending trend line showing clear bearish momentum
Multiple touch points demonstrate the trend line's reliability
Price consistently rejected at or near this trend line
Indicates a strong downward pressure and potential continuation of the bearish trend
2. Rejection and Consolidation
Red resistance zones at higher price levels
Price failed to break through these resistance levels
Consolidation pattern forming after the initial downward move
Suggests potential for further downside movement
3. Bearish Breakdown Characteristics
Sharp, decisive red candles breaking below support levels
Significant volume implied by the long red candles
Breakdown indicates strong bearish sentiment
Breaks through previous support zones with conviction
4. Support and Resistance Levels
Red and green horizontal lines marking key price levels
Key support zone around 2.2267 recently broken
Multiple resistance levels at higher price points
Clear, well-defined support and resistance zones
5. Potential Trade Setup Parameters
Entry point: Breakdown of support level
Stop loss: Potentially placed above the recent resistance
Initial target: Next support level around 2.1950
Favorable risk-to-reward ratio evident
Confirmation Signals
Descending trend line resistance
Clear rejection at higher levels
Strong bearish breakdown candles
Broken support levels
Momentum indication through candle structure
Risk Management Note: Always use proper risk management techniques and consider fundamental factors alongside technical analysis.
1. Descending Trend Line
Yellow descending trend line showing clear bearish momentum
Multiple touch points demonstrate the trend line's reliability
Price consistently rejected at or near this trend line
Indicates a strong downward pressure and potential continuation of the bearish trend
2. Rejection and Consolidation
Red resistance zones at higher price levels
Price failed to break through these resistance levels
Consolidation pattern forming after the initial downward move
Suggests potential for further downside movement
3. Bearish Breakdown Characteristics
Sharp, decisive red candles breaking below support levels
Significant volume implied by the long red candles
Breakdown indicates strong bearish sentiment
Breaks through previous support zones with conviction
4. Support and Resistance Levels
Red and green horizontal lines marking key price levels
Key support zone around 2.2267 recently broken
Multiple resistance levels at higher price points
Clear, well-defined support and resistance zones
5. Potential Trade Setup Parameters
Entry point: Breakdown of support level
Stop loss: Potentially placed above the recent resistance
Initial target: Next support level around 2.1950
Favorable risk-to-reward ratio evident
Confirmation Signals
Descending trend line resistance
Clear rejection at higher levels
Strong bearish breakdown candles
Broken support levels
Momentum indication through candle structure
Risk Management Note: Always use proper risk management techniques and consider fundamental factors alongside technical analysis.
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。