Head and ShouldersA head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Shortsignal
TSLA - TESLA FORECAST TSLA worth a short at 696/green line, IF it makes it back up to there. Stoploss above white line, profits at colored lines below.
TSLA does have some gaps at the green lines marked below, one coinciding with my final target for TSLA at 423.
THIS IS NOT FINANCIAL ADVISE, DO NOT BLINDLY FOLLOW THIS TRADE.
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places
which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I
am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also
lots of selling on MAC so watch that as well.
Support: Local $706/$608
Resistance: Local $859/$909
Always use SL to protect funds, use 3% or your best judgement.
WEAK START on MONDAY ahead - All roads lead to 55 USD !To much BEARISH SIGNS now ("Shoulder-Head-Shoulder", "Bear flag", "Bearish crossing of EMA 25 and EMA50 on daily basis" and "Shooting/Evening star" in friday session). All roads lead to 55 USD (same constellation like in April/May 2019, look at the historic chart!). And the banks reported: -5430 "Longs" and +13617 "Shorts"!
GBP USD - Short tradeGBP USD gives us a possible short signal if we bounce back at the orange resistance zone. A breakthrough in the green support zone would give me a clear short signal. This would also fit with the current downward trend. Accordingly, my goal is on the lower trend line or on the green target zone (previous support)
If you have any wishes let me know and make sure you follow my content!
WE CALLED IT!! Ethereum and Bitcoin side ways now before a moveIf you took a short position or locked in profits around the 1850 mark congrats, we called that almost to the minute. Please keep up with our posts and make sure you share this information with fellow traders as we put out more information regarding daily and long term price action. This is all trend analysis and not trading advice, please use your own judgement to make trades. We expect the next day or two to contain a lot of sideways action but overall the indicators still show bullish trends. If something changes we will update everyone based on the indicators. Happy Trading!!!