Selling Short Like a Pro: Secrets of successful selling shortLearn the important aspects of how to sell short with consistent success and higher profits. There are many myths about selling short that this video training will explain. Selling Short is something all traders need to learn to do. However, it requires an understanding of the downside price action that is totally different than buying long whether you swing trade, velocity trade or day trade.
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Chart Patterns
NIFTY S/R for 6/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
GBP/CAD Currency Pair – Technical AnalysisBullish Scenario:
The GBP/CAD currency pair maintains a bullish outlook, supported by the prevailing longer-term uptrend. The recent intraday price action indicates a period of sideways consolidation near the rising support trendline. The key level to watch is 1.8356, which aligns with both the previous consolidation range and the trendline support. A corrective pullback that finds support at 1.8356, followed by a bullish rebound, could drive the pair higher toward 1.8500, with extended upside targets at 1.8550 and 1.8600 over the longer timeframe.
Bearish Scenario:
A confirmed breakdown below 1.8356, particularly with a daily close beneath this level, would invalidate the bullish outlook. This could lead to a deeper retracement, exposing support at 1.8330, with further downside potential toward 1.8300, signaling a shift in momentum.
Conclusion:
The overall trend remains bullish, but 1.8356 is a critical level for confirmation. Holding above this level strengthens upside potential, while a decisive break below it could open the door for further downside correction. Traders should closely monitor price action around this key support zone to determine the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XLU Could Be Headed LowerPressing on support with two major bars opening on their high and closing on there low. XLU is showing weakness after a double top bull leg in a larger bear trend. You might have to reread that a couple of time. There is also towards of pent up energy and momentum to the downside and an Anti formed on the MACD. Not a classic anti but, I think it is a great spot to form and helps the bear case here.
SPX S&P 500 Gearing Up For A 10x Over Next 10 yearsSPX looks extremely bullish and the patterns are obvious to me. This parabola will continue into the 2030's and be even more vertical than we've seen in any prior runs. This next decade is going to be wonderful. There may be some corrections along the way but in the bigger picture we are going to go absolutely vertical. Hold onto your hats.
None of this is financial advice just my opinion.
GOLDThe ADP Non-Farm Employment Change and ISM Services PMI might affect the DXY (US Dollar Index) and Gold trade directional bias today:
1. ADP Non-Farm Employment Change (2:15 PM)
Forecast: 141,000 jobs
Previous: 183,000 jobs
Impact on DXY:
Stronger-than-expected data: Could strengthen the DXY as it suggests a robust labor market, potentially leading to tighter monetary policy by the Federal Reserve.
Weaker-than-expected data: Might weaken the DXY if it indicates a slowdown in job creation, potentially leading to looser monetary policy expectations.
Impact on Gold:
Stronger-than-expected data: Could put downward pressure on gold prices as a strong labor market might lead to increased risk appetite and expectations of higher interest rates.
Weaker-than-expected data: Might boost gold prices as investors seek safe-haven assets in response to economic uncertainty.
2. ISM Services PMI (4:00 PM)
Forecast: 52.5
Previous: 52.8
Impact on DXY:
Above-forecast data: Could support the DXY by indicating a healthy services sector, which is a significant part of the U.S. economy.
Below-forecast data: Might weaken the DXY if it suggests a slowdown in the services sector, potentially impacting economic growth.
Impact on Gold:
Above-forecast data: Could reduce demand for gold as a strong services sector might boost risk appetite and reduce the need for safe-haven assets.
Below-forecast data: Might increase demand for gold as investors become cautious about economic growth.
Overall Trade Directional Bias:
DXY: A strong ADP report combined with a robust ISM Services PMI could support the DXY, while weaker-than-expected data in both could lead to a decline.
Gold: Conversely, weaker-than-expected data in both reports could boost gold prices as investors seek safe-haven assets, while strong data might reduce demand for gold.
Trading Strategy:
Buy DXY/Short Gold: If both reports are stronger than expected.
Sell DXY/Long Gold: If both reports are weaker than expected.
Neutral or Wait: If the reports are mixed or align closely with forecasts, as market reactions might be muted.
CHART REPORT ;
buyers broke out of ascending bullish trendline and failed to create a new high above 2920,a sustain move above 2920 will open 2947 as the next supply roof, as more pressure persist we could see 2957-2966 as final supply roof.the price movement is trapped between 2920 and 2900 awaiting clear directional bias from economic data print(ADP AND ISM)
from the floor 2880-2885 is a good discount for buyers to resume buying and below 2880-2885 is 2870-2867 for buy.
the market need buy liquidity to upswing, stay alert
EURJPY Is Going Up! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 160.068.
Considering the today's price action, probabilities will be high to see a movement to 163.150.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak
Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K.
CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term
Resistance levels: 2.6144, 2.7288, 2.2964
Support levels: 2.420, 2.0634
Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04.
Regards R. Linda!
Sail BullishAfter a long consolidation at the bottom Sail has formed a Bullish engulfing candle at the bottom and giving a breakout of the resistance level.
Entry- 111-112
Support- 107.5-107
Target- 120, 125
Disclaimer- This is just for educational purpose please take advice from your financial advisor before making any decision.
Jai Shree Ram
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AARTI INDUSTRIES : Potential Bounce From Long Term Support!!🚀 Aarti Industries: Potential Bounce from Long-Term Support! 🚀
📍 CMP: ₹466
📉 Stop Loss: ₹385
🎯 Target: ₹530 | ₹660
🔹 Key Insights:
✅ Fibonacci Support at 61.8% on the long-term chart.
✅ Sector Strength: Specialty chemicals & CDMO sector showing positive momentum.
✅ Strategy: Staggered entry to manage risk in a volatile market.
✅ Long-Term Swing Trade: Positioning for monthly gains.
⚠️ Risk Management: Stop loss is big—strict discipline is key!
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#AartiIndustries #TechnicalAnalysis #SwingTrading #InvestmentOpportunities #FibonacciSupport #SpecialtyChemicals
ES Weekly Chart Analysis – Potential Medium-Term Top?The E-mini S&P 500 (ES) may have printed a temporary medium-term top at 6167.25, potentially initiating a Wave 4 correction (yellow circle). If this count holds, we could see prices retracing toward the 5115 area.
🔹 Key Levels to Watch:
✅ Bullish Bias: The trend remains firmly bullish until we start trading below 5715 and break the ascending channel's trendline.
❌ Bearish Confirmation: A decisive break below 5715 would strengthen the case for a deeper retracement, increasing the probability of a more extended correction.
🚨 No clear confirmation of the top yet! Until we see structural weakness, the primary trend remains bullish.
#SP500 #ES_F #ElliottWave #MarketAnalysis #Trading #Stocks #Futures
Gold Bullish Patterns Today my Gold Analysis Chart Patterns Share For You and today I thinking about bullish patterns. This is my Gold Chart Patterns wait and make breakout and earn money.
Gold again bullish strong and going to high flying so plz 1st understand and then make a lots today my Target 🎯 2960 to 2980 so plz wait and earn money
EUR/CAD Technical Analysis – Price Rejection at Key ResistanceEUR/CAD has reached its highest level since August 2024, touching a major resistance zone. However, instead of breaking higher, the price has faced strong rejection, indicating that sellers have stepped in with force.
The pair tested a critical resistance level but failed to break through, signaling a potential shift in momentum.
The rejection suggests that buyers may be losing control, giving sellers an opportunity to push prices lower
Downside Targets:
The next potential target for sellers is 1.50000, a psychological and technical support level.
If selling pressure remains strong, the second downside target is 1.48800
AUDJPY - potential SHORT trade with 2 potential targetsHigher timeframe trend = down
Retail traders = long
JPY = Strong, AUD = Weak
Therefore bias = down
NOTE : Not in yet - Entry order set below the structure that is forming currently.
A decent level of structure was broken to the left (marked with red horizontal ray) so I believe more downside is incoming (potentially all the way to the white horizontal ray which marks lows created back in August 24)
Target is a distance above to low that was created in August 24 (marked with white dotted horizontal ray) - these lows might be a decent 2nd target for anyone who trades extended targets. I personally do not.
Stops where my personal backtesting has suggested they be placed to invalidate the trade. If price gets to stops before triggering in, entry order is cancelled.
Please keep in mind that there is another layer of analysis that goes into this that is part of my personal plan.
When in doubt, ZOOM OUT!!! GIANT Ascending Triangle Breakout!!BTC broken flush to the upside of a GAINT Ascending Triangle & is consolidating into a horizontal channel.
We have noticed a move below the baseline support of the horizontal channel, but it appears to be a fake-out/shake-out.
This pattern is referred to as a Bullish Expanding Triangle highlighted in red.
Next stop, $300k USD.