MATIC short$MATIC is bouncing off the local resistance level. Decline to support level at 1.4 $ is likely to happen.
Decline
AUDCAD: Descending Broadening Wedge Break-Hook-Go ConfirmationThe AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.
Is Face book undervalueLet’s start with fundamentals:
1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year.
2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful?
And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.)
And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future.
Now technical:
1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys
2.look at the chart at weekly period:
The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support.
3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline.
4.You can see the black line is a very strong support.
5.The CCI level is -385 which is the lowest amount from the IPO
6.The RSI level is 23 which is the lowest amount from the IPO.
All saying that it will see the real value.
BAOUSD: Partial Decline Descending within a Broadening WedgeWe are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
Right-Angled and Descending Broadening Formation Partial-DeclineThis Just like XMR is likely going to breakout and reach targets
nzdusd next week strategy in this pair I don't see terrible patterns like eu, guppy, and aussie, but because the liquidity is less than them. I think it's worth watching the rise to make the decline back. be careful ok..
DXY longterm Analysis targeting 88-87 PointsHey Guys,
everything relevant is attached on the Chart. I use Elliot Waves, Fibonacci Levels and Fibonacci Timeframe.
What Technological Progress?? ..."Across all fields of science and technology, we find that the rate of disruptive scientific work is declining."
comdig.unam.mx
The full paper;
arxiv.org
Here is a novel idea; Stop drinking the Coolaid!
BTC possibilityOn the chart you can see the weekly MAs. This is not a guarantee, just an FYI, if we go lower this could be how. Plan ahead and good luck!
Bitcoin - possible end of cycle and decline to 0,62 FiboBitcoin - possible end of cycle and decline to 0,62 Fibo.
I excluded the March 2020 crash and limited to 0,62 Fibo from bottom of Dec 2018 to Jul 2019.
Apple Declines & Stats since 2000Hey everybody i just want to share with you some interesting stats i found about the #1 (most important) stock on the planet since 2000. For me apple makes the major trend in use since it's the largest one as well, so it makes total sense to pay 101% attention to what will apple will do over the next months.
Some interesting points:
1. Buffet reduced his position
2. Possible H&S formation if you look at Weekly and Daily chart
3. RSI & MACD pointing downward
*There might be a 1% discrepancy between my results and the actuals ones, so please do not take them for granted 100%.
Will FTNT drop over next week?FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010.
Like most of my algorithms, they do not identify immediate price reversal. In the current case, the expected delay is between 3 and 4 bars after the signal from yesterday. This means we could see a near-term top this morning. There are two major pockets of tops my programs have found. Even though these are confluence areas, the tops could occur at other price levels.
Pocket 1 is around 171.00 and the second area is around 171.60. After the initial moves up, I am looking at a decline over the next week. A majority of the modeled declines have the bottom around March 1 (in fact most are pointing to the first 3 hours of March 1). There are also two target price pockets for this decline. A majority are around 163.00 and the other is 160.30.
The full analysis and statistics are available for free on my website as usual. Let me know what you think and thanks for reading.
SPX 1970s analogueEyeing a move to $4000 and subsequent decline. Notice the similarities with 1969-1973: first ≈35% sell-off, ≈80% move up within upsloping channel, throw over and the trading range. Will update the post as it unfolds.
GDX- Miners Reaching Lower?A break of the inclining support originating from Jan 2016 may trigger some selling pressure as it would complete a Head and Shoulders pattern. This may be an inverse expression to the IHS forming on the DXY. I'm about 70/30 convinced of this right now. The attached link makes a strong dollar case.
The average distance from head to neck results in a projected 24$ target, with the very base support above 22. If this played out similar to other sell-offs, we could expect the downward pressure to reach 24+ and ease before turning between Feb 1st and Apr 19th. This could be an algo/leverage driven flash sale so we might expect equal violence to the upside later in the summer/fall. (15% chance?)
What is more probably more likely is that the chart will bounce in the 28 range before deciding to follow-through to 24 or, consolidate and ultimately resume an up-trend. (85% chance)
Whether this coincides with a broader market decline remains to be seen, though my suspicions tell me that this week (Jan 25th-30th) will be very telling.
Still Room To FallI've been looking across a lot of candlestick time frames and all signals are still showing signs of decline for Uber. I am up 40% on my position, will be holding another day. Will be holding until I believe we are near a low. I do not see this stock going up tomorrow.
XAUUSD - Going SouthI’m liquidating my short positions by Friday, Sept 25th. For next 2 weeks, I expect OANDA:XAUUSD have a further decline to 1,795-1,805. Think I need to open short positions around 1,873.
Cheers..
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Earnings Expected to Decline!!! (WLL)"-This oil and gas company is expected to post quarterly loss of $1.48 per share in its upcoming report, which represents a year-over-year change of -428.6%.
-Revenues are expected to be $153.65 million, down 64% from the year-ago quarter."
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous,
J'espère que vous allez bien !
Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle)
Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement.
En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier).
Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant.
Coté $ETH, on est arrivé pil poil au bas du biseau...
Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports !
Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière.
Stay safe :)
PEACE !
SPX -40% upcomingShort on SPX by the time it breaks the uptrend line all indicators pointing to recession
Possible bear flag on Ethereum chartEthereum was unable to break the current short-term downtrend.
A possible bear flag is forming.
AAPL Lower Volume RunAAPL had a steady decline in volume as it ran up to test the recent new all-time high. This may create a short-term sideways price action until more volume buyers or High Frequency Trader action triggers more volume to the upside.
