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Shortsetup

eBay: Is the Big Turnaround Coming? Looking at the eBay chart, we believe that Wave (1) and (2) were completed at $4.17, as well as Waves (3), (4) and (5). However, we've had some uncertainties regarding the positioning of Wave (3). Nonetheless, where we've positioned Waves (3) and (4) makes the most sense to us. Regardless, it could still be considered that Wave (5) and the overarching Wave I have truly peaked at $81.19. Zooming in on the 4-hour chart, it seems more like we are dealing with an extended Wave II rather than a different downward correction. Thus, we don't believe that $81.19 marks the position of Wave (3), as we're dealing with a 5-wave impulse downwards. This could indicate we're looking at a zigzag movement, broadly marked as (A), (B), then (C). We believe we have already seen the subordinate Waves A and B, and now we should be developing a 5-wave impulse upwards to complete Wave C and the overarching Wave (B) between 61.8% and 78.6%. Afterward, we should see another significant drop. For eBay, we're operating on a higher timeframe, so this process will take longer. However, once we reach there, it will present excellent entry opportunities for us to build a long-term position.
NASDAQ:EBAYShort
by stromm_by_wmc
Continued DOWN correction for Gold !! Decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) attracts dip-buying in Asian session, reversing part of previous day's profit-taking slide to $2,150 area. US Treasury bond yields ticked higher after warmer than expected US consumer inflation for February, boosting the US Dollar (USD) and exerting downward pressure on gold. Bullish run in US equity markets also contributed to flow away from safe-haven precious metal. ⭐️ Personal comments NOVA: After yesterday's CPI data, it is good for the Gold dollar to fall. In line with the DOWN adjustment, Gold prices continue to decline to create more liquidity and further accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2125 - $2127 SL $2120 TP1: $2135 TP2: $2148 TP3: $2155 🔥BUY GOLD zone: $2135 - $2133 SL $2130 scalping TP1: $2140 TP2: $2148 TP3: $2155 🔥SELL GOLD zone: $2168 - $2170 SL $2175 TP1: $2160 TP2: $2150 TP3: $2140 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold price - CPI waits for a DOWN adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remained relatively unchanged towards the end of the North American session as traders prepared for the release of February's US Consumer Price Index (CPI) data. It is expected that the headline figures will remain unchanged, while core data is anticipated to cool down. This could put pressure on the US Dollar and provide a boost to XAU/USD. Currently, the price of Gold is trading at $2,180.60, showing minimal movement. In the previous week, the price of Gold reached a record high of $2,195.15, just shy of breaking the $2,200 mark. This occurred after Jerome Powell, Chair of the US Federal Reserve (Fed), testified at the US Congress and acknowledged that inflation was decreasing. Powell mentioned that eventually, the Fed would begin to implement more accommodative policies, but stressed that the central bank's decisions are reliant on data. Despite expressing confidence that inflation is gradually decreasing, Powell emphasized that there is no urgency to lower borrowing costs. ⭐️ Personal comments NOVA: US CPI data assesses the current level of inflation. It's time for a DOWN adjustment to create liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 BREAK OUT price range: SELL: $2175 BUY: $2185 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2190 TP2: $2175 TP3: $2160 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
CHFJPY Short opportunity with 2.5 RR ratioHello guys, Here I am again, According to Elliott Wave Theory, CHFJPY appears poised for a downward movement based on the formation of a five-wave impulse pattern, with wave 5 about to start. Furthermore, the emergence of an evening star pattern reinforces the potential for a trend reversal. An evening star is a three-candlestick pattern characterized by a bullish candlestick, followed by a small-bodied candle, and then a bearish candlestick that closes below the midpoint of the first candle. This formation indicates weakening bullish momentum and the possibility of a shift towards a downtrend. Consequently, traders may anticipate a downward movement in CHFJPY as the Elliott Wave pattern start the 5th wave which is bit slower and complexed. GL Disclaimer: Forex signals provided are for informational purposes only and should not be considered financial advice. Trading forex carries inherent risks, and users should exercise caution and conduct their own research before making any trading decisions.
Short
by techmaker
1
Shorting $GLD here looks like a good tradeEveryone has been bullish gold here, but the idea never made sense to me. We're still in the beginning of a market downturn, and if S&P and QQQ go down, gold is going to go down too. Now the chart is also confirming my thoughts. We just went up and retested previous support as resistance and now we look to be forming a lower high on lower timeframes. This looks like a great spot to short the pet rock. Idea would be to go short here and buy as we get closer to the orange and green supports.
AMEX:GLDShort
by benjihyam
21
Expect an inevitable adjustment XAU / USD ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/3 - 15/3/2024 🔥 World situation: The price of gold (XAU/USD) surged to a brand new record high above $2,180 during the early New York session on Friday. This was driven by a decrease in yields on 10-year US bonds, which fell to 4.04% after the release of the US NFP data. Market expectations for the Federal Reserve (Fed) to lower interest rates in the June policy meeting have increased due to a significant slowdown in wage growth and a higher Unemployment Rate. According to the United States Bureau of Labor Statistics (BLS), the Unemployment Rate rose to 3.9%, surpassing expectations. The previous reading was 3.7%. However, Nonfarm Payrolls (NFP) for February exceeded expectations at 275K, compared to a forecast of 200K. Nonetheless, it remained lower than the previous reading of 353K. 🔥 Identify: FOMO from the markets during the week was huge. Along with the US economic news, which is mostly beneficial for Gold, it pushes the price of Gold up and increases sharply This week, NOVA expects an inevitable DOWN correction for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2200, $2210, $2220 Support : $2132, $2110 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
MINA Analysis: Potential Correction, SELL or BUY Setup?!🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly resistance level. A rejection at this resistance level, coinciding with the RSI reaching the daily blue resistance line, could present a selling opportunity. 🚫Early Sell Setup and Risk Management: A sell position could be initiated early at the current price level (below the lower channel line) using the red trigger line as confirmation. Trailing the stop-loss to the lower support zone can help mitigate risk and maximize profit potential. ✅Important Considerations✅ The overall market trend should be taken into account before executing any trades. Confirming the reversal with additional technical indicators and market sentiment analysis is essential. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading. 🚫
by solinash1
2
13 Rand per dollar is comingremember my previous rand idea, this is what it is based on. Daily timeframe we sold around 19 rands, because we had just completed a correction cycle Y which is a top when looking on the weekly timeframe. From 19.80 rands we have been in a sideways correction, so for the correction cycle to be complete, we need to break below 17.60 and break above it again, otherwise we will continue dropping till 13 rand, which is my hopeium target for rands.
Short
by Theofylrx
1
GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
#MATIC #MATICUSD #MATICUSDT #Polygon #Short #ShortSetup #Eddy#MATIC #MATICUSD #MATICUSDT #Polygon #Final #Update 'C' #Short #ShortSetup #Eddy I'll Think Its Time to short Crypto ;-) It's My New short setup on Polygon Matic <3 We are in the heavy supply order block range of the daily time frame, which is in the heart of the order block of the weekly time frame! You also enter into sales short positions after checking the multi-time frame and getting the necessary approvals & at your own risk. Related Analysis of Polygon Matic : (( MATIC/USDT )) : Check Link : Polygon Matic Short Setup in #Update 'B' : (( MATIC/USDT )) : Check Link : (( We got 19% profit in update 'B' ))
MShort
by Eddy_Trade_