Downside
DXY Another Analysis To Verify My Bearish Findings
Chart Speaks For Itself
We will see a downside to my 38.2 fib
Price Target: 97.00
Looking To Trade Asian Session? This here is Key
USDJPY Potential Downside SetupAfter the long Bearish Candle on the 4H Chart, there could be a potential Correction to the Upside, maybe to the Fib 50 or 61.80 (which, as you can see, acted as previous RES/SUP). We get more evidence for an upcoming Downmove by the 1D 50/100/200 SMAs and a Breakout of the 1D and 4H Trendline (Two Bottom Charts).
Right now 10.38 (MEZ) I would suggest to wait for an actual corrective move to the 111.121 Area, where Price hits previous Structure on 4H Timeframe + Fib Level.
If Price then starts to Respect that Potential 111.121 RES and moves (also Closes) below 110.540 Level, I would enter Short with a SL on 111.261 and a TP on 109.812 (as it runs in previous Structure there). Yea, its a 1:1, but that's all it offers if you want to stay on the safer side. If you like a little more Risk and you want to ride the !!!Potential!!! Downmove, set your SL at 108.550 (also previous structure).
Always remember, it is just an Idea based on my Analytics, so watch the buildup carefully and only follow my suggestion if you feel comfortable.
If you have any other Ideas on this, I would love to hear that and see what you came up with!
Good Luck!
Feel free to shorto seems like the past to least resistance is
the down side
o Observe price action and see where is the
possible reversal set up
o Bulls are trying to push, but this trend
about to bust
o it's good to wait till price hit back to 59.50ish
area and look for a set up or break below 58.56
to go short
o #the1%
SPY hitting a critical resistance zone on declining volume. SPY has been on a run since it tested its 200 weekly moving average back in December, but the rally may soon be over. This rally has been on declining volume (this basically means volume isn't confirming this rally, which indicates a bearish divergence, as the price is rising, but the volume is declining), and the weekly Stochastic appears to be preparing for a turn to the downside. We are also at a previous resistance level which has rejected the price several times in the past. To me, it looks like a correction/pull-back is in the cards.
Moving average guide (All weekly moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
NVIDIA: More probable downsideI review NVDA on larger time frames. There is a tremendous fight between the bulls and bears at a 23.6% retracement on the Daily time frame, with momentum heavily for the south. NVDA has suffered the worst fall in its history. It is still a bear market at least on the Daily and Weekly time frames.
Dow Jones in a dangerous zone Be careful If you are trade in American stock markets because the Dow now in dangerous zone (PZR) of the bat pattern and The Relative strength index broke the trend line.
SPX Monthly Chart AnalysisAfter dropping from the current bull market Trump announced that we were only but experiencing a glitch in the market, suggesting the bull market will continue. However I disagree with that idea, although I do admit that the sentiment has become more bullish on the recent days I still stand bearish on the market. My reasoning being that the market had been overvalued for a long time and had to collapse eventually. This came true last year and with the knowledge of Elliot Wave theory one knows that a corrective move has 2 swings to the downside. Currently price is heading to the next resistance but I believe that price should soon push lower.
Bear Market! Don't listen to the headlines. Almost a 1,000 move today.. the crash is over, let the goodtimes continue... :/
SPX analysis, Have we reached the bottom?Given the new correction we're bound to find a bottom in the near future given that bear markets tend to last shorter than bull markers. However that doesn't mean the price is ready to stop dropping, perhaps given the over sold conditions will lead to a congestion in the price action but my belief is that we will see further price action to the downside. Merry Christmas everyone I send anyone reading this my best wishes and blessings for this upcoming year and those to come!
Richemont Has More Downside to Come After Brief ReliefRichemont is one of the world’s leading luxury goods groups. The Group’s luxury goods interests encompass some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, and Montblanc.
The history of growth in group sales was driven by a number of factors including geographic spread, the mix of sales by product type and by distribution channel. Sales growth has also been derived from the acquisition of new businesses which combine unique design with traditional skills.
Operating expenses increased by 14% for the Johannesburg Stock Exchange (JSE) listed company during the year amid adverse exchange rate effects, this had an obvious effect on Richemont’ s share price, compared to the 13% increase in purchases through Richemont’ s own boutiques. Shares recently fell 6.4 percent after it said sales growth slowed and management struck a cautious note. The sales numbers were hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
For the financial year ended 31 March 2018, Richemont reported sales of EUR 10 979 million, operating profit of EUR 1 844 million and profit for the year of EUR 1 221 million.
Let's look at the technicals.
Weekly: I am looking for a price move back down to the previous low and a bit beyond before looking to trade the reversal. The low could reach as far as 70 and perhaps even 65.
From that point I will be looking for signs of a reversal.
Daily: I am expecting a rally at some point soon. This will form a correction for further downside. I will look to trade the next wave to the downside when I see confirmation.
DAX 30DAX 30 short trade.
This trade has been won, there is a possibilty that you can still enter as downside momentum seems to remain. I wont be re-entering as its best to not be greedy with your profits and i am happy with this swing trade
Head and Shoulders forming on EUR/USD (D)A possible H&S has been forming on the EUR/USD chart since mid-July 2017, visible through the daily chart.
The pattern has already threaten to break through in August 2018, but instead, happen to be only an extension of his 9 months old head.
Back in September 2018, it attempted to break through to the other side, trying to outperform the top of its right shoulder, invalidating the pattern and giving success to a possible bull run. Instead, it gave us a nice bull trap.
Such movement ended up not happening and instead, the price decided to come lower again, retesting the 1,13 area and possibly the H&S neckline, once more.
If the price is to break out the neckline, accompanied with some decent volume, this H&S pattern might be validated and some serious down prices are to be expected.
In accordance with that line of thought and through what I currently see in this chart, I present you with three possible targets, shall the price fail to hold on the neckline, and move further down.
A conservative target located at the 1,08 area (38,2%), a medium target at 1,05 (61,8%) and a more aggressive target at 1,03 (78,6%).
Shall the price rebound and move pass the 1,18 area, breaking it with some decent volume, this pattern should become invalidated.
Please, share your thoughts and ideas about what you think, how to trade it and how would you do it. Good trades everyone!
GBPAUD SELLPrice broke out of the descending triangle on the downside but retraced back into the triangle. However, it is downtrending on the DAILY. So, I expect the price to break back through the support line of the descending triangle and continue bearish at least 30 pips for the first target.
$LEN Housing Rolling OverDouble top, 6 year trendline broke, and cut through support at $50. Downside incoming.
$SNAP To Single Digits$SNAP Just broke below $12.00 support which is now the resistance. DAU decreased last quarter and rev. growth will also slow down. Given its growth prospects, I do not think this co. deserve a 15x p/s. At $11.64 it looks like a good price to open a short. Insiders are also dumping.
$FXY More downside ahead?$FXY Topped on late March, marching lower since then. Rejected twice at the sma50 (dynamic resistance). Today it closed red. More downside ahead? Closing price: $86.02
$CIB Short Setup$CIB Broke below its sideway range and closed two days below the sma200 after printing a double top this year. Negative sales and eps growth rates. Let's see if the sma200 act as resistance. $44.02
GBP/USD - NEW DOWNSIDE LEG?Despite the GBP's surge on Friday following the reached agreement on migration between the EU and U.K the Pound still looks like it can print a new downside leg.
The Monthly candlestick closed below the key support region of 1.3250 and formed a hanging man candlestick which was mirrored on the Weekly timeframe also.
Here on the Daily timeframe, we can clearly see lower low's and lower high's being printed with the most recent low printed last Friday 29th June before rebounding back into the refined Fibonacci region of 61.8 and 78.60% which is a great area for reversals.
My viewpoint is currently bearish on GBPUSD and today's Manufacturing PMI (Jun) 09:00 GMT may disappoint, I will be holding back and awaiting for Monday's movements to clear away in order to gain further clarity.
Candlesticks will be very important in this region as a strong bearish candlestick closure in confluence with a 3rd bounce of the descending trendline could give the signal that i'm looking for.
Bitcoin ideasBTCUSD Depends on what happens with the tube/downtrend we are in now. If we break 6000 we may see the 5000 downside target. If we break out of the downtube we may get back in the wedge we are creating. This wedge isn't finished. So we will continu with building this wedge till I think somewhere August and could fly up again!
Weekend Quickie- Time to Pick Up Some Protection, Puts on the Q?Are there many reasons for the overall market to go higher?
Other than the resolution of U.S. and China trade concerns, there don't seem to be a lot of good reasons for the stock market to rise as a whole.
Back in March, traders were discussing "the most anticipated selloff of all time" as trade, political, and monetary fears were sending the market down off its highs.
Concurrently, traders were gearing up for a meteoric advance in prices as earnings came in strong.
Judging by the price action, these two theories are in vigorous, directly opposed but equal competition with each other, and as a result we can see the QQQ trading in a volatile stalemate.
Indeed, most earnings are coming in very strong, but with undertones of lackluster guidance. Guidance aside, market wisdom dictates that good reasons are needed for prices to climb (traders\investors often need good reasons to buy), but prices can fall on their own account.
Are there many reasons for the indices to head higher?
Are there many reasons for the indices not to fall? As uncertainty continues, traders are considering downside protection with puts or short positions on the market, even as upside bets are being made on certain stocks and sectors.
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Thanks again!
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** For speculative and research purposes only - good luck! **
