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Lowerlows

USDCHF nice Wyckoffs in August, will the accumulation hold?USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING? August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area). With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs of retracement around 0.91000 area. If we'll get to the SPRING area this week, I'll be looking for LONGS within the current accumulation (Spring / LL >> TEST).
Long
by GibsonTrades
Follow The Trend On this 30min chart showing price history over the previous month, we can see that NIO is in a down trend. Lower highs and lower lows Besides the basics, Guth 3x confirm gives a sell signal while MACD shows we are at peak bull strength which means we should see bears regain control of this bearish trend. Today is critical! If we see a new high, then this could be the start of an uptrend or if it drops, we can expect the trend of lower highs and lower lows continuing. This analysis is based on candlestick trends exclusively Comment your thoughts below
NYSE:NIOShort
by Myantman101
1
BTC - H&S confirmedHigher Low to Lower High to Higher Low pattern confirmed. For perspective only - the wedge target is down 30% from the break in the 25k range. Wedge breaks do not need to hit their full targets. So far we are 11% down on the break (this can be calculated a bunch of ways depending on which wedge version you use) to give a sense of potential. This is not a prediction; instead an attempt at context. For reversal plays a clear bullish pattern with a back test is needed (inverse H&S neckline break or falling wedge.) Risk off is underway in the broader markets, in the short term, yet the Vix failed $17 resistance and has not been supporting a major correction. Monthly equity Opex tomorrow - then a reset.
BITSTAMP:BTCUSD
by Pennywick
3
NIO: Trading inside a range!Hello traders and investors! Ok, NIO behaved exactly as we thought it would, and it did the “worst-case scenario” we discussed last week. The link to the previous analysis is below, as usual. In the 1h chart, it lost our previous support level at $ 37.54, and this made NIO just seek the next support, at $ 34.85 area. In addition, NIO is in a short-term bear trend, doing lower highs/lows , and the 21 ema is above the price (pointing down). So far, we have no clear reversal sign, but we are above a support level. Let’s look for more clues in the daily chart: The problem with NIO is that it is inside a congestion , but we have multiple supports/resistances to guide us. It is quite easy to trade ranges: You buy near supports and sell near resistances. The question is, will NIO stop at $ 34? Or will it seek the $ 32? We can’t tell for sure, as we lack any confirmation. But the volume is looking good already. We have been talking a lot about volume lately, as when NIO drops, it drops with low volume, but when it finds a bottom and starts going up, the volume increases. Yes, we have some weird signs that are more than enough to make us skeptical about any bearish movement, but again, we need more confirmation. This is the key for a good trade here. If you liked this analysis, remember to follow me to keep in touch with our daily studies, and support this idea if it helped! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
5