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Bearishchanel

TSLA: Last CHANCE to REACT! - D&W chartsTSLA shares are trying to react today, and this is something that could signal a recovery, which is understandable, given how much the price has fallen in recent weeks and how oversold the stock is at the moment. Since the last top in December, the stock has plummeted almost 30%, breaking all its medium-term supports, materializing a downtrend. I say the price is oversold because the RSI is at an extremely low level, and the last time we saw an RSI below 20, in December 2022, the stock actually recovered after confirming a bottom in the price. TSLA’s RSI analysis and comparison to December 2022: However, the trend is still downwards, and although there is the possibility of a recovery, it won't be easy to reverse the trend. Remember that pullbacks are different from reversals. For the price to reverse the downtrend, we would need to see HH/Hls again, as well as a break of the 21 EMA, which is clearly pointing downwards. What's more, TSLA's price is on the verge of triggering a Death Cross when the 50MA crosses the 200MA downwards, one of the most famous bear market signals. A continuation of the downtrend can be avoided if there is a strong and clear reaction as soon as possible, and now would be a good time, as the price has approached a support region on the weekly chart: We are close to the support line of a bearish channel. Last week's candle could be a possible Exhaustion Bar, but the price needs to react and reject the last bearish candle by breaking through its high at $217.80. Only then will we see a good reaction that could halt the long-term downtrend, or even reverse it. For now, until such a scenario materializes, any recovery could be just another Dead Cat Bounce. Remember that I’ll keep you updated on this, so consider supporting this idea if you liked it, and follow me for more analyses like this. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
MSFT: Bearish channel drive?!Microsoft Short Term - We look to Sell at 238.54 (stop at 249.55) Trading within a Bearish Channel formation. Selling spikes offers good risk/reward. Further downside is expected. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Our profit targets will be 211.20 and 200.00 Resistance: 240.00 / 292.00 / 317.00 Support: 219.00 / 200.00 / 190.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:MSFTShort
by VantageMarkets
WM: Waste flushing down!Waste Management, Inc Short Term - We look to Sell a break of 166.30 (stop at 170.08) Trading within a Bearish Channel formation. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A break of 166.30 is needed to confirm follow through negative momentum. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Our profit targets will be 157.41 and 154.40 Resistance: 170.00 / 174.00 / 180.00 Support: 157.50 / 140.00 / 124.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:WMShort
by VantageMarkets
1
XRP/USD: Pending short position!!!I decide to short XRP and put a place to sell in $0.3510 cents. In Daily timeframe, we see a bearish channel perspective that now, XRP broken down this chartist pattern and it's lead to reach $0.22 cents. So, if you want to short XRP, You can to put a place at $0.3510 USD, Stop Loss to $0.4225 USD, and take profit to $0.21 cents. This it's a risk/benefit: 1:2 Also, if you want to short cryptocurrencies, take note to use the risk management and trade in a broker that you allow to trade whole financial market like Simple FX. I hope that this analysis support you if you found out a crypto to trade!!! I trade in swing trading a lot.
BITSTAMP:XRPUSDShort
by harisonhbn9718
4
GBPUSD-Weekly Market Analysis-Nov21,Wk3On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart. You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity. If you are looking for a counter-trend trade, the ABCD pattern that forms at 1.3314 and if it happens to touch the bottom of the Bearish Parallel Channel would give you an advantage to long.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Oct21,Wk5On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders. For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity. If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the many reasons is that it has a less trending nature than EURUSD. Buying Opportunity at 1.3742 and Selling Opportunity at 1.3832.
Long
by RaynLim