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Drop!

I SPY CHART - TRENDS Sharing my chart for SPY for this week. This is nothing more than a preliminary trading plan that prepares me for movement in both directions. TBH, I'm not totally sure how it plays out yet, it's one of those moments where you have to keep reanalyzing in real time to adjust prices and trends. I can say with some certainty that there is a pretty good price drop coming, and I think I've identified the trend that will cause it (hot pink). I would watch for a trend break on that trend. If it played out like this, it wouldn't surprise me, but obviously, I would rely more on the trends and price targets vs the arrow path. Good luck! Honestly, if you miss a short entry on a steep drop, instead of jumping in way too late, consider a 3x leveraged ticker and buy in the bullish direction. Realize your profits, and you'll make just as much. LONG TERM is favored for bulls until some major trends break or WW3 starts. I have other charts that cover those projections.
AMEX:SPY
by nicktussing77
2
BTC Full Analysis in Daily TimeframeHello Traders, here is the full analysis for Bitcoin in a daily time frame, Let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my tragedy prove!!! Today I want to talk about BTCUSD ******************************************** Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. ******************************************** As seen on the chart I used the Fibonacci channel to explain simple. I active special lines, for example, I introduce you 0.5 as mid-line,1 for the top of the first channel, and 0 for the low of the channel. Although 2 is the top of the second channel line,1.5 is the mid-line of the second channel, and so on. I used 2 purple circles as the tops of the channel and used one green circle to draw Fibonacci channel lines. That's all. So, let's check it out on the chart together. As you see the price reacted to these channel lines. sometimes prices do not touch the channel lines, but if you change the chart from line chart to candle-stick, you will see that prices always touch these lines because the prices are so respectful of these Fibonacci lines. Let's not go into details. As we expected the price reacted to the second Line. I drew a red circle to see better this reaction. And then the price goes up. But it's temporary and the drop again. I will show you more things based on Elliot's theory to understand what's happening in Bitcoin. So, don't worry Guys. Also, I drew 6 green zones. The first one is very important because if the price loses this zone, we will drop more to the second green zone. If we lose the second zone, the next support zone will be active. I expect we lose the first, Second, third, and 4th support zones soon. I think the best zone to think to buy Bitcoin is beginning on the 8K. I will do this. It means I will buy Bitcoin at the price of 8500 for the first level. The next zone is around 6500 and the final zone is 4500 to buy and Hold Bitcoin until 2030. It's just my vision. it might 6th zone never ever touches the price. But based on my analysis of USDT.D and BTC.D and DXY, everything is possible. I will publish my analysis about DXY, and USDT.D soon. But if the price loses the second support zone everything will be difficult and the situation will be changed. And we will see more pressure in the Crypto market. This causes a big drop in the market, which, as you know, can lead to a FUD in the market. so I expect we lose the second support zone at around 18000-18500 USD and move to 8000 USD for the first level zone. The next analysis belongs to the weekly Time frame based on Elliot waves. I will show you everything you need to know. By the way, I think this correction will be ended in April 2024. Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments. Wish you health and wealth. Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
NZDUSD - A Deep Pullback Or A Breakout?Analysis: We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price has pulled back a fair bit but we see this as a deep retracement and a great shorting opportunity. We're currently at a key level which has held multiple times so we expect it to hold again. For more confluence at our area we also have the 61.8% fib retracement level which is often seen as the strongest fib level so we have more confidence that this level will hold and that this is where the bears will take back control. Another confluence factor that we have is the downwards trendline. This trendline has held multiple times before, causing huge rejections so we expect that this will happen again which is a positive for this setup. Fundamentally the USD is the 2nd strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour to be on the short side of NZDUSD. For more fundamental confluence we have an increase in both long and short positions on the USD by institutions which is pretty neutral whereas for the NZD we didn't really have an increase in long positions but we did see an increase in short positions by institutions so this is yet another confluence on why we want to be shorting this pair. We have had some bearish news come out recently for the USD however on Wednesday when Fed Powell testifies we could see some bullishness coming back to the USD. If the market gets any reasons to go long on the USD then we would see this pair drop and with all of the technicals and fundamental analysis we've done we think that we'll see the bulls step back in on the USD which is why we are currently bearish on NZDUSD despite the current market conditions. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
26
AUDUSD - Deep Pullback Before A Drop?Analysis: To start off with this isn't our favourite setup. We don't have any added confluences which whilst aren't required for a trade to be valid in our opinion, they are still a nice thing to see and they provide more confidence. With that being said just because we don't have the these added confluences this setup is still valid and there are a few reasons why fundamentally. Firstly the technicals though. We're clearly able to tell that currently we are in a downwards trend. Price has made a pretty big move to the downside and we expect that this will continue. We're interested in shorting from this area however as at this level we have a key major level of resistance. We expect that this is where the bears will be sat at wanting to push price further down. Fundamentally the USD is the 2nd strongest major currency whereas the AUD is the 3rd weakest major currency so before we even look at any other fundamental data this is already going in our favour. Recently we saw a decrease of 14468 long positions by institutions on the AUD signalling to us that we might want to stay clear from going long on the AUD. Institutions have access to a lot more data then retail traders so if they are staying clear from buying the AUD then there is probably a good reason for this. Knowing this helps out our idea and is another reason on why we are short AUDUSD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
29
GBPCAD - Break Of Long Term Trend!Analysis: We were looking at this pair not that long ago for long setups, however we didn't get this in the end and price actually broke below our level that we were interested in. Looking at current price action we've now got a bearish outlook on this pair for multiple reasons. As we saw price break our level we are not longer in an upwards trend, meaning that we don't want to be looking for longs but instead we want to be looking for short setups. We're at a very key level which has been tested multiple times and we expect that it will be respected again this time for resistance. We've got added confluences as well which give us more confidence in this setup. Firstly the 50% fib retracement level is at our area which we expect sellers to push price down from so this goes in our favour. Another confluence that we have is the downwards trendline that is present. We expect that price will bounce off of this trendline and continue its move to the downside. Our final technical added confluence we have is the break of a long term upwards trendline. This shows us that the long term trend has been broken and we expect to see a change in the market momentum which goes with our bearish thesis. Fundamentally the GBP is stronger then the CAD so this doesn't go in our favour but like we've said before we expect that oil prices will rise again soon and with this the CAD will also rise. Canada is the 4th largest oil distributer in the world so if oil prices rise so will the CAD. This is why we don't really mind that currently the GBP is stronger then the CAD because we think that this will soon change. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
8
Market to Drop SoonThe overall stock market is expected to drop in the near future. This will either happen Tuesday or Wednesday. The S&P 500 has some historical trends based on the indicators and trends in the indicators. With help from the Elliot Wave analysis we can see that wave 3 has nearly fully formed. But lets look at the indicators and historical trends. If you look at line A where in the past the RSI reached above 70 and only lasted 8 hours until it dropped. At Line B the RSI has just been above 70 for 2 hours. Does this mean we have 6 hours until the next decline? 4-8 hours is a more appropriate time range and that is just a couple of trading days. I have evenly reduced my personal portfolio today to lock in profits and not let my portfolio take the hit when the market drops as I am focused on hyper aggressive growth. When the market drops I will buy back in just in time for my portfolio to continue growing. Comment thoughts below!
SShort
by Myantman101
4
CHFJPY: SELL OPPORTUNITY The CHFJPY pair has undergone a remarkable decline, plummeting from its recent March high of 147.55 within a span of fewer than 8 hours, and shattering both the M15 and H1 supports. Based on MY analysis, I anticipate further downward momentum, with a projected decline to the 142.331 region. This outlook is reinforced by the breach of the H4 uptrend channel to the downside, indicating a possible bearish trend. We may witness a marginal retracement to the broken H1 support before the anticipated drop, or alternatively, a direct move towards my target.
Short
by Samuel124
ETHUSDT: Support at $1.3k according to the Fibonacci RetracementIn this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in Ethereum's case, we see that the price dropped all the way from 1.7k to 1.1k in only four days after reversing in the Golden Pocket. The price also received support at 0.5 (price at 1.5k), 0.382 (price at 1.4k), and especially at 0.236 (price at 1.3k). Following these observations, we can expect the current price to use 0.236 again as support before rallying at least to the nearest resistance 0.382. Also, pay attention to the Relative Strength Index (RSI) to see any overbought signals (ETH is overbought if the RSI goes above 70. The market will then correct the price shortly by bringing it down. However, if the RSI oscillates between 50 and 70, it is a sign of a healthy bullish trend). Yanak
by YanakTrading
4
Support Resistance Analysis Says Sell GBPUSD In Coming YearFor years GBPUSD has been testing its lows. Since 2007 a huge drop has been seen in 2016. Where it has consolidated between 1.22396 and 1.36845. Recently in August of 2022. For many, we could see this potential drop, while others expected a pullback and continuation of the sideways move. Let's look at what actually happened. The lower resistance zones around 1.22396 was clearly broken in the month of August 2022. In December GBPUSD retested the previous resistance. The prediction based on this is a short/bearish movement. Since this is a never seen low, I can not identify how far it may drop.
Short
by tevingg
DGSTACC: MACRO ANALYSIS OF QQQ / PENNANT FORMATIONIn the chart above I have provided a simple analysis on what can be considered for when it comes to the overall market. 1. Pennant Formation is provided by taking higher lows and lower highs with a point of convergence. 2. If followed through Pennant path can force price action to previously seen pre-covid times. 3. This would in fact validate a completion of GOLDMAN SACHS 340 market bottom prediction for SPY if QQQ is to fall to 240. Note: This Macro chart will be used for reference and complete a more micro analysis of QQQ.
NShort
by DGSTBROKERACC