Bigshort
Netflix Short OpportunityMFI reads highly oversold, indicating a reversal in the downward trend
Expect resistance at either the pink line ~$332 or the TD line ~$328. (Green arrow ends at TD line)
Once price is rejected by resistance, we should see NFLX find support at the yellow line ~$313.
Trend could continue downward but there is strong support from the Ichimoku Cloud that could keep price up
Possible long to fill the horrendous gap it just created after support is tested.
EurNok Panorama completoPanorama Completo de que esperar en el par EurNok, de confirmarnos el cambio de estructura al romper el ultimo minimo, se viene una cambio de tendencia con un TP 1 de +7400pips
SPX500 - Another leg up before BIG SHORTSPX500 has formed what it looks like a bullish flag. All bullish flags tend to break out downward. Ultimate target 3041. Get your funds ready for BIG SHORT. Trade wise.
US30 - READY FOR BIG SHORT? It is getting more and more obvious that Trump's Government have used trade war as a leverage to propel markets to ATH or higher (SPX) to this point. However, it looks like "all masks will come off at midnight" i.e. Sunday before futures open to reveal that it all was a big disguise. Trump's approval ratings going into election year are at record low. One thing that boosts popularity is a nation's solidarity in the time of war (trade or real or both).
Huawei was reportedly collaborating with Chinese army on R&D projects. Dead end for 5G in US. Trump will never lift its ban.
Two crucial trading days left. There will be a lot of news from Government officials about upcoming deal with Xi, but you know that that is method that they use "pump before dump". Watch out...
Tariffs, that is the only source of funds that can offset evergrowing US debt in Trumps opinion, not by much but to cap it somehow. If not Monday, but soon enough we will see additional tariffs in place on majority of Chinese goods. That will tank the whole market, but Trump will have a secret weapon to unveil at the time when everybody think that recession is at the door step - they will sell billions of Dollars to make it much more competitive among other currencies. That in itself will temporary boost the market.
For now, Monday the July 1st is our climax point. We shall see...
Good luck to all of you.
But Wait There's More!As I expected, price reversed at the end of wave 5 on the daily time frame and is now trading at the bottom of the corrective structure. Structures seldom form more than 5 waves which leads me to believe that we will see the break to the downside soon. The possibility of a 6th wave to the top of the structure first does exist so I will wait for confirmation on a lower time frame before entering the short.
US30 SHORTLooking for a big sell to happen however before that we want the 23% fib level to be hit in order to make this trade active.
we will be looking to see where price struggles and if the ascending triangle trend line is broken, if so this will give us an indication of a potential strong sell.
Lets see how the dow jones moves this week and hope we catch the bag together.
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Bitcoin - The BIG shortPlease don't follow this advise, even my mom doesn't follow me on here...you know your charting sucks when it doesn't impress your mom!!
Triangles seem to statistically play out the best in my experience as well I've found the Sequential system useful to see if different patterns align. In this case the weekly chart signaled a shorting opportunity when the red 3 went below a red 2 while breaking below the Nov 18 low formed by the first major dump. The bear market low touched 3127 but as shorts began to close we rallied back and created a smaller descending triangle (green line) between 3400-4000 range. We've now fallen out of that triangle into the larger descending triangle from the low of 3127.
With the weekly signaling short if we don't rally back above 3533 by Sunday we will paint a red 4 which will signal an additional opportunity to open or add to short position. If we break the all time low of this bear market at 3127 I expect we will drop violently testing and possibly breaking 3000 psychological support.
The breakdown target for the smaller descending triangle I had originally between 1850-2200 but the new breakdown target from falling back into the larger triangle is between 1700-2000.
I'll be adding to my buy orders in this range.
Happy trading and if you see my mom PLEASE tell her to follow me!
BIG BOY IS WAITING TO SELL AUDCAD...be readyOANDA:AUDCAD
Dear all traders,
At first, trading is not as easy as I thought.
the way I'm using is not all-in for single order, at this kind of AUDCAD, we need to prepare for the case which is the price go up over our first sell entry.
hope this analysis help our make profits.
Ragards.
Double Top (Weekly) on DJIA !? Long-Term ShortInteresting idea if prices would break the 50 ma that has been a strong support recently, the 200 ma is roughly 5000 $ below ! We can see 2 bearish divergences on the RSI and MACD , stop loss is pretty cheap . Be careful of 50 MA, To follow !
Dow Jones + The rest of the worldThese are my views on why the Dow has probably topped out.
All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide.
My arguments are presented below:
FA:
- Longest bull market recorded in history
- US debt is worrisome +21B debt (dollar in trouble?)
- Private debt ATH (particularly US student loan debt is worrisome)
- Enormous geopolitical concerns (need I specify?)
- Severe overvaluation of stocks
- Interest rates have been on a steady rise
- US imposing Tariffs
TA (see chart):
-Fibonacci resistance fan is hit every time a major crash has occurred since the crash of 1987 (confluence - see below)
1. Big Volume drop
2. RSI massively overbought (usually happens before crashes, see the downward trend)
3. VIX topped out (usually does before crashes)
This is not financial advice - DYOR
Yours truly //Pman
SP500 READY TO PLUNGE!Well well well. Some nice bearish divergence is started kicking in on US indices. Let see if plunge protection team is going to help the markets this time. There is also possible H&S pattern on DAX we just need to break that neck. Now grab the popcorn and watch:) I am curious to see how they gonna play this hand out!
WAITING FOR A REVERSAL TRIGGER ON EURAUDEURAUD hit my target on the corrective structure break and is trading at the previous high. This indicates a strong possibility of a reversal soon.
Contact me via direct message for further analysis
Cheers
Linton
No insider trading here, I repeat, no insider trading here. Just a note to self for the future:
If you see something, trade something.
EUR/USD WILL FALL to 1.07 - The question is WHENHello Traders,
The French Gap has yet to be closed. The GeoPolitical setting, especially in regards to Iran and China will pose as strong catalysts to decide the faith of the pair.
The traditional rules say that the triangle pattern - in this case - is followed by a continuation DOWN, the "size" of the initial fall until the triangle began forming: henceforth the 1.07 Target.
However, those rules are not imperative and we constantly witness patterns not working out the way we expect them to. IF this happens to be the case, and the B wave has yet to complete, lookout for 1.20 Resistance levels to short.
Note: Chart is on the Daily Time Frame.
Good luck,
EURAUD About To Start A Huge Move Down!I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry trigger/setup and will enter this trade when my strategy triggers.
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
Contact me via direct message for any assistance required
Cheers
Linton
DAX Bigger Picture View Head And Shoulders FormationI had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links.
This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well.
I will use formations on lower time frames to enter positions on this instrument.
Contact me via direct message for any assistance
Cheers
LInton
DOW Daily PictureI'm expecting the completion of a larger correction on the DOW before we see the move up. This could come in the form of 3 or 5 waves.
Direct message me for any assistance
Best regards
Linton
