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Shorting Nifty 50: Potential Reversal Signal at Bearish OBHey Traders, Thinking of taking a short ride on the Nifty 50? Here's why I'm feeling bearish about it. So, there's this Bearish Orderblock (OB) lurking around 0.30% above the current price, hinting at a market reversal. But wait, there's more! The Bearish Fair Value Gap (FVG) is also signaling some downward action, possibly even before we hit that OB. Now, let's talk strategy. Our entry point is 22343.70, a sweet spot where we expect things to turn south. And to play it safe, we've got our stop-loss (SL) set at 22637.55. As for the take-profit (TP) targets, we're aiming for TP1 at 21710.20 and TP2 at 20983.10. Feel free to cash out earlier if you're happy with your gains, and don't forget to trail that stop-loss. Oh, and here's a pro tip: keep some cash handy for dollar-cost averaging (DCA) around 22526.60. This way, we're ready to tweak our position if the market throws us a curveball. Our decision to enter the market is also influenced by Fibonacci retracement levels, particularly the presence of Golden Pockets, reinforcing the validity of our trade setup. In summary, the confluence of technical signals, including Bearish OB, Bearish FVG, and Fibonacci retracement, strengthens the rationale behind shorting the Nifty 50. By adhering to prudent risk management principles and remaining adaptable to market movements, we aim to capitalize on potential downside opportunities effectively. Note important thing: It could be that the market opens at monday and the market goes up, so we will wait a bit. Like (boost), follow, comment and share this trade idea! For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NSE:NIFTYShort
by smarttrader012
5
📈Near: Bearish Rejection at Weekly Resistance✅🔍Today's analysis focuses on Near, which experienced a rejection from the weekly resistance at $8.39 on the first day of the week. The rejection candle engulfs the previous three candles, indicating strong resistance. However, it's noteworthy that the volume of the rejection candle is lower than the preceding candle, suggesting significant resistance despite a surge in buying volume failing to breach the resistance barrier. 🌪Since March 11th, Near has been consolidating within a range, with the weekly resistance at $8.39 and the support at the 38% Fibonacci level. Both levels exhibit considerable strength, but a preference for a downward correction is apparent from the price action, given the dominance of red candles, potentially stalling the upward momentum. Nonetheless, the weekly and daily trends remain bullish, capable of easily reversing the sentiment on the 4-hour timeframe if the resistance is breached. Therefore, vigilance is required to avoid missing out on potential gains. 📉For short positions, the 38% Fibonacci level serves as a trigger, but it carries significant risk, necessitating careful risk management. Quick profit-taking is advised if the level is breached, as it may signify the beginning of a market downturn, with sellers yet to fully assert their control. 📈For long positions, awaiting confirmation within the golden Fibonacci zone or entering after the $8.39 resistance is breached is recommended. Moreover, if the RSI can break above the 62.69 resistance and the price overcomes its weekly resistance, targeting $13 becomes plausible, potentially offering a risk-reward ratio of 10 with prudent stop-loss placement. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
📈LTC Analysis: Short Position Opportunity in Volatile Market🔥🔍Today, we are focusing on analyzing LTC for future prospects. It's worth noting that it's Monday, typically associated with lower market volume and increased market volatility. 🔒On the 4-hour timeframe, we find ourselves within a trading range, with the resistance ceiling at $94.34 and the support floor at $82.97. A recent rejection from the upper boundary suggests that sellers have more strength compared to buyers. Thus, initiating a short position could be a more secure move. 📉In case the $82.97 support level is breached, entering a short position with a target price of $75.98, accompanied by a well-defined stop-loss, could offer a minimum risk-reward ratio of 2. 💎The SMA7 indicator has converged with the price, potentially signaling further downward momentum. If the SMA7 fails to maintain the trend, we'll wait for confirmation from the SMA25. Failure on both indicators may lead to a sideways movement, possibly retesting the upper boundary of the trading range. 📊In the recent downtrend, the volume of red candles has diminished compared to the initial wave. While this could be attributed to the typically lower trading activity on Sundays, a resurgence in volume from tomorrow onwards is essential. Failure to observe increased volume could indicate weakness in the trend. 💥 Additionally, the RSI oscillator provides a critical support level at 32.64. Simultaneous breach of the $82.97 support level and the RSI support could serve as another confirmation for a short position. ❌In conclusion, vigilance is paramount today. If the short position trigger is breached or if setting a large stop-loss to avoid unnecessary risk or setting too small a stop-loss to quickly hit the target, it's crucial to maintain a balanced approach. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
Short
by itsparham96
Bitcoin Mid-Term Analysis4H Timeframe: Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high. These are the first signs of a trend change in the medium term. Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area. Weekly Timeframe: Bitcoin is still in an uptrend in the weekly timeframe. Therefore, caution should be exercised when taking a short position. Long-Term Trend: The price trend in the long term is strongly bullish. Any price drop at this stage could be a good opportunity for traders to re-enter and could be just a correction. Historical Precedent: In previous Bitcoin cycles, there have been corrections before halvings. Therefore, it is not unexpected that this will happen in this cycle as well. Disclaimer: The analysis provided here is for informational purposes only. You are solely responsible for the consequences of any trades you make based on this information.
Short
by CryptoPuzzle
ETHUSDT: Head and Shoulders Breakdown Targets for Short and LongAfter a thorough analysis of the BINANCE:ETHUSDT chart on a 6-hour timeframe, I've observed a complete Head and Shoulders pattern, with the neckline breached near point B. The pattern indicates a potential SHORT trade, with a target of point C at approximately the 0.618 Fibonacci retracement level of the prior uptrend, corresponding to a price of 2083.91 USDT . Upon reaching point C , if the price action suggests a reversal with strong bullish signals, such as a Double Bottom formation, there could be an opportunity for a LONG position. The LONG trade could target point D , which is near the 1.861 Fibonacci extension level of the downtrend, projecting a target around 5104.17 USDT. Please keep in mind this analysis is based on current technical patterns and Fibonacci retracement and extension levels, which are subject to change with market dynamics. This is not financial advice but rather a sharing of my strategy based on my interpretation of the data. Ensure to conduct your own research and apply proper risk management. Trade safe and best wishes to all!
Short
by laoowai
1
AMD is no NVDA don't fall into the hype! AMD vs. NVDA: When looking at these two stocks it's clear that NVDA is the clear winner and will maintain its pricing power over alternatives. NVDA's Gross margin (75.97%) is +35.57% that of AMD (40.4%). Although AMD has a low price to sales ratio this is likely due to them having a "Walmart sales model". High volume, low margin. This is illustrated further when looking at both companies price to cash flow ratio. Despite recent surges in NVDA stock price this has been trending lower for NVDA and higher for AMD. Most recent price to cash flow ratios: NVDA (54.1) and AMD (188.14). This helps visualize how much investors are paying for each company to generate cash flow. I don't know about you but I am not willing to get in at these levels and although it is very risky I'm tempted to buy some puts against AMD. Yes they have excellent management and a large economic moat, it does not compare to that of NVDA and it should not be benefiting as greatly as it has recently by NVDA's recent performance. AMD is now approaching the top of a channel that has been strong resistance for higher moves. It seems like everyone in the market is un NASDAQ:AMD NASDAQ:AMD NASDAQ:AMD der the impression nothing ever falls. Although it would be bold and extremely risky to buy puts on any AI stock I believe it to be the correct one. Curious to hear others opinions. AMD: www.tradingview.com NVDA: www.tradingview.com
NASDAQ:AMDShort
by Average_Joe_Options
2.5 RR TRADE / ICT / 12th Feb 2024 London Session ReviewAsian Session: - Bullish Session. - Price broke PDH, PML, and PWH. - RELs at Asia’s low. - Price is at a discount of the H4 dealing range. - RELs at the equilibrium of the Asian range. London Session: - I was expecting a reversal due to the market taking of PDH and PWH during Asia. - My first DOL was Asia's RELs at the equilibrium of the Asian range. - My second DOL was Asia's Low and the RELs at Asia's low. - Price performed a London Judas. - Price made the high of the session at 1.25 STD of the Asian range. - Price made the high of the session at 1.25 STD of the CBDR. - ICT Concepts
Short
by Suffolk_Enterprises
⤵⤵ gold fundamental analysis)technical analysis). traders are you looking for a bearish trandline gold Market this week gold fullback down 👇 1980? Gold seller reject the resistance levels breakdown I think 💬 gold moving down 2040 fullback down 1980 Fundamental Analysis of Gold FXOPEN:XAUUSD TVC:DXY The outlook created by the fundamental analysis of the gold market remains strong with the growing uncertainty in the world economy and rapidly expanding money supply. As governments try to cope with financial turbulence, they print more and more fiat money (money that is not backed with material assets). This fuels inflation that eats away government bonds yields. If the yields themselves are lower than the inflation, then you actually lose purchasing power by holding these bonds. In such a situation, investors switch to assets they believe will allow them to preserve their wealth. Gold is precisely one of such assets. Entry 2021 Entry 2040 Target 1980 safe trade ❣️🙏 pales like 👍 and comments 👇
FXOPEN:XAUUSDShort
by SMC-Trading-Point
Sizable short selling opportunity in SPXFollowing our previous successful profit-taking advice for the SPX long position at 4900, AstroDunia's market timing model, informed by financial astrology, has identified a compelling short-term selling opportunity. Recommendation: Enter a short position in SPX (Cash) at current market price (CMP) of 4900 and an additional short position at 4935. Set a stop-loss order at 4952 to manage risk. Target potential downside towards 4700 and below. Rationale: Our proprietary market timing model, which incorporates insights from financial astrology, has identified a confluence of factors suggesting a potential decline in the SPX.
SP:SPXShort
by astroduniarp
3