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Nasdaqtrader

ENPHASE ENERGY (ENPH) Short Play: Bearish Momentum Building!Technical Analysis: Enphase Energy (ENPH) on the 15-minute timeframe signals a solid short trade setup. The price is moving steadily below the Risological dotted trendline, showing sustained bearish pressure with room for the price to descend further. Key Levels: Entry: 78.13 Stop Loss (SL): 85.38 Target 1 (TP1): 69.18 Target 2 (TP2): 54.69 Target 3 (TP3): 40.20 Target 4 (TP4): 31.2 5 Observations: The price is consolidating near the entry, showing potential to test the lower targets. The Risological dotted trendline continues to act as overhead resistance, indicating a strong bearish outlook. Enphase Energy is positioned for a potential decline with all targets set. Traders should watch for a breakdown below TP1 to confirm continued bearish momentum and aim for deeper targets!
NASDAQ:ENPHShort
by ProfitsNinja
NASDAQ SHORT TRADE IDEAMarket Makers' Bias: -Fund Managers are currently holding net selling positions and signaling a bearish divergence on the Weekly price chart. The last time Fund Managers showed net buying positions with a bullish divergence, the market rallied for an entire week afterward; Now a bearish divergence Additional Fundamental Bias: -The Nasdaq appears overvalued relative to U.S. Treasury bonds, suggesting that tech stocks within the Nasdaq Index, such as #AAPL, #META, and #GOOG, may be similarly overvalued and likely to experience a downturn. -We also have Price gaps, they normally act as a magnet to be filled. Technical Analysis portion: -We are just hit the weekly covered daily Supply zone, price could be ready for a bearish move now. -Opposing gap zones and Demand zone can be your potential profit target. OTHERS: >Scalpers can ride the bullish trending week >Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.*** Let’s see how this plays out... 👀👀
CME_MINI:NQ1!Short
by TradersPod