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S&P500 - neutral for nowI know there are a lot of fear out there now for a possible bear market this year. We had a severe plunge in the US markets that started on 5th Jan till it hit a near term bottom on 24th Jan, chopped around the low for a few days before making a strong rebound that lasted almost a week. Since then the markets has started to loose some grounds again. However it looks like a bull flag is forming right now and there is a chance the market could continue to rebound further in the coming days. Whether we are still in topping process remains to be seen, it could still be 3-6 months of flip flopping and huge volatility before the picture becomes clearer. However, with the 50day moving average still above the 200 day moving average for all 3 indices (ie we don't have a "death cross" yet), I will not be overly bearish just yet and may also look for short term long (or short) opportunities. I would prefer to stay nimble and shorter term for now. Stay safe. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
CME_MINI:ES1!
by Juliac
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second. -------------------- $RUNE/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 3.8 - 4.1 TP 1 : 4.26 TP 2 : 4.43 TP 3 : 4.67 TP 4 : 4.95 TP 5 : 5.25 TP 6 : 5.52 TP 7 : 5.85 TP 8 : 6.375 Stop Loss : 3.295 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level. PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line) PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports. But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside. Here are EXTRA Reasons why PYPL is a good SHORT idea here. TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish. Broke Down and even retested the Rectangle range. Broke Previous Breakdown support. GAP to fill at the GREEN Rectangle ($130s) area. A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap. Some contradicting indicators to this SHORT idea TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side. WEEKLY moving average cloud. Still some more key levels to be breaking I hope you guys enjoyed this idea! Share it if you liked it! If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
NASDAQ:PYPLShort
by ZachSap
1
Hitting ~28k$ very soonBTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside. Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio. This would be the best target to reach to be able to reverse the market and continue with the bull market. To the guys who are familiar with elliott waves: In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then. Please just correct me if I am wrong.
INDEX:BTCUSDShort
by crnkjexxxx
AUDUSD - DESCENDING PARALLEL CHANNEL Good Afternoon People... Today, I will be providing Technical Analysis for the AUDUSD To begin I would like to provide a brief 'Top-Down' from the Monthly through to the H4 Although, being new to TradingView It is not possible for me to provide the necessary chart images for all the timeframes utilised. Currently, I am only permitted to provide 1 chart image - Therefore, I will provide the Daily as I execute the majority of trades on this timeframe. So, I am afraid you will have to use your imagination for the other timeframes - Unless you message me and I would be more than happy to provide :) Now that's out the way - Lets get stuck in... Looking at the Monthly Timeframe, I have marked out a Bearish Trendline - This connects the 2 highs This particular Trendline is also respected on the Weekly Timeframe Moving on to the Weekly - I have identified a Double-Top What is quite compelling is that, this Double-Top met with the aforementioned Bearish Trendline and Horizontal Resistance Now that's the type of confluence us traders are looking for right? So, yeah - We have that, and the AUDUSD dropped in style - Printing Lower Lows/Highs for several weeks Furthermore, we can see that price pushed through the 0.726 support zone and last week returned to the zone and rested with as Pin-Bar With this bearish connotation in mind - I moved down to the Daily Timeframe and began to look for selling opportunities Instantly, I identified a Descending Channel Following this, I marked out additional S&R - identifying the confluence of the support @0.699 Price has recently bounced from this and began heading north This being marked out as an Ascending Channel/Bear Flag - Which is also respected on the H4 Now this is where it becomes interesting and may I say exciting .... For me - I have my eyes on the confluence of the multiple resistance at work @1.7316 [ Resistance of Horizontal Level, Descending Channel, Ascending Channel and not to forget the Weekly Pin ] This is where I will be looking for short opportunities in the near future... Alternatively - If price breaks down below the Ascending Channel/Bear Flag Support - I will still be looking for price to return to the confluence @1.7316 zone Well that's about it for this one guys - I will be providing updates And, if you need the Monthly, Weekly & H4 timeframe images - Let me know or just leave a comment for them and ill see what I can do Thanks for tuning in - Its been a pleasure
Short
by fxhole_
2
Kahoot!: Bearish Flag FormationKahoot! - Short Term - We look to Sell at 48.75 (stop at 54.80) Prices are extending lower from the bearish flag/pennant formation. Continued downward momentum from 54.45 resulted in the pair posting net daily losses yesterday. The medium term bias remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected although we prefer to sell into rallies close to the 48.75 level. Our profit targets will be 36.30 and 33.00 Resistance: 48.75 / 54.45 / 55.50 Support: 47.80 / 45.50 / 42.15 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
KShort
by Saxo