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Lowerlowsandhighs

Potential Shark USOILAfter completing the Bat pattern earlier this week we got a perfect entry from the 886 Fib I took it long/took profits but we had a spike to the downside before price started to consolidate a little (This is showing weakness to the downside especially now we have lower highs/lowes, price may potentially drop after one last push up and this is where the bearish shark comes into play. The rejection was very close to the 113 as you can see, I will be patient with this one and watch how the price reacts at current level, if we get rejection + confirmation from the 113 again I will look to take this long up-to the 886 (Fib) before then waiting for rejection and taking it short (If the shark completes)
TVC:USOIL
by benalistarfx
1
TSLA: Is there any hope for it?Hello traders and investors! Let’s talk about Tesla again! After it lost our Triple-Support level, it denied the bullish thesis we discussed last week. But what it is supposed to do now? TSLA just filled a gap in the 1h chart, and anything good that it could around here, would be great. But so far, we have no confirmation of any reversal sign. The trend is bearish in the short-term , as we have lower highs/lows and the 21 ema is descending. We are in a good place for a reversal, but since we lack bullish signs, there’s nothing to do, but wait. The daily chart suggests it could drop below the $ 600 again, something around the $ 590. But the low volume makes us wonder if this is a real movement or not. Tesla is dropping due to a systemic sell-off in the tech stocks, not something related to the company. In this case, if the NDX reverses, it could easily take Tesla with it in the mid-term. In the lack of new evidence, we must wait for more signs. But if Tesla does anything good around this support level, it would be a great sign for the mid/long-term investors. 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!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
15
USDCAD Channel Breakout USD/CAD Weekly and Daily time frame broke out from its long term channel and making lower lows and lower highs, we already have a pull back after the breakout, you can spread your down fibonacci to get a clearer picture of the lower lows and lower highs, if you spread your fibs on the Daily you will notice that we have a 0.618 pull back with a counter trend line break, having all this facts makes it enough big of a case to consider looking for short trades. now if you go down even further to the 4 hour chart, you will notice a volume spike with a small body candle and a long wick, which that indicates that a bog fight was happening at that level which adds more confirmation for a short trade. In conclusion: We Have 1)Weekly/Daily Channel Break 2)Lower Lows & Lower Highs 3)Daily 0.618 Pullback 4)Counter Trend Line Break 5)Volume Spike On The 4 Hr P.s if you look at the monthly you will also notice that we have there a bearish candlestick formation and this was the test of the candle. if you see anything different then what I saw please comment and let me know what is it that you see that I missed... Thank You Easy Trading To You All!!!
Short
by ElyaStein