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NVDA in correction sideways.NASDAQ:NVDA has gone through a great rise and we are currently entering a flat correction that should break further downwards given its increase since mid-October so we could see prices from $395 to $300 to see its correction completed. I am more inclined to see NVDA between $300-$350 in the coming weeks since the moving averages have not yet given a clear sign of a deep correction, but of a lateralization for its distribution process providing the opportunity for trades within the ranges previously established and for the moment we would be entering in shorts for day traders.
NASDAQ:NVDAShort
by wowzone
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price. ⭐️ Personal comments NOVA: Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1973 - $1975 SL $1968 TP1: $1985 TP2: $1997 TP3: $2008 🔥SELL GOLD zone: $2008 - $2010 SL $2017 TP1: $2000 TP2: $1990 TP3: $1980 ⭐️ 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
1
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals. ⭐️ Personal comments NOVA: Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping TP1: $1985 TP2: $1988 TP3: $1991 🔥BUY GOLD zone: $1968 - $1970 SL $1960 TP1: $1980 TP2: $1988 TP3: $1995 🔥SELL GOLD zone: $1994 - $1997 SL $2001 TP1: $1988 TP2: $1975 TP3: $1968 ⭐️ 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
5
Scalping XAU! Slight adjustment after Unemployment Claims news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold. ⭐️ Personal comments NOVA: Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping TP1: $2000 TP2: $1996 TP3: $1993 ⭐️ 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
3
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD). According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%. ⭐️ Personal comments NOVA: After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1975 TP1: $1990 TP2: $2000 TP3: $2010 🔥SELL GOLD zone: $2015 - $2017 SL $2023 TP1: $2008 TP2: $2000 TP3: $1990 ⭐️ 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
1
AAPL's Overbought Indicators Hint at Possible CorrectionCurrently, Apple Inc. (AAPL) shares are presenting intriguing signals for discerning investors. Two key technical indicators, Stochastic RSI and MACD, provide indications that AAPL may have reached a point of overbought conditions. Stochastic RSI, serving as a measure of market saturation, highlights AAPL's overbought condition, suggesting that the price has likely reached a level prone to correction or decline. Furthermore, MACD shows negative divergence, indicating the potential weakening of the upward momentum in prices. It is essential to direct attention to the Support and Resistance level (SNR) around 182.34. This level not only boasts a strong history as a previous resistance level but may also play a significant role as a support level. However, it is crucial to bear in mind that trading always involves risk, and trading decisions should be based on comprehensive analysis and well-calculated risk assessments.
NASDAQ:AAPLShort
by fardycurry
short idea $KLIC, United States, Nasdaq, Producer ManufacturingShort entry stop limit order at $45.2 with hard stop loss at $49.35 The industry is setting up for both longs and shorts with a few names setting up short on the weekly timeframe at spots where I like taking shorts. If this one works, I will be adding another couple of names that are setting up. I will update with first profit target as the trade develops, if my stop limit at $45.2 get hit. Happy trading fellow traders. I am momentumftw, trader of international equities
NASDAQ:KLICShort
by momentumftw
Short Trade Idea: Wipro (WIT)The share price of Wipro (WIT) has declined by around 6.88% in the past month. This short trade idea focuses on selling the asset, based on the following strategy: 12-day exponential moving average (EMA) below 26-day EMA: This strategy seeks out assets where the 12-day EMA is below the 26-day EMA. This indicates a potential bearish trend and suggests that the price may continue to decline in the near term. Significant support levels: The asset should also have significant support levels that can serve as profit targets. These support levels act as price levels where buying interest is expected to outweigh selling pressure, potentially causing the price to bounce back. By selling the asset, traders can aim to profit from the expected downward movement in the share price. However, it's important to note that this strategy carries a somewhat high risk tolerance and is suitable for a short investment horizon. Please note that this trade idea is based on the provided facts and does not take into account any additional information or analysis. Traders should conduct their own research and analysis before making any investment decisions. Technical Outlook Technical Analysis: Wipro Approaching Key Support at $4.5 Wipro's stock (WIT) is currently approaching a key support level, just 10 cents away from 4.5. The stock's price action is crucial at this level, as dropping below it could indicate further losses ahead. On the other hand, a failure to break below 4.5 could be viewed positively by market bulls, potentially leading to a retracement. Yesterday, Wipro's stock formed a "Bearish Harami" chart pattern, signaling impending bearish sentiment. This, combined with the ongoing downtrend, suggests that the stock's downward movement is likely to continue. In the past 5 days, Wipro has appreciated by 1.32%. The stock is currently trading with a market cap of $23.99 billion. Yesterday, there were 960,788 shares traded, which is below the average of 1.73 million shares. Wipro's immediate support level is around 4.57, while its resistance level is at 4.62. These levels will be important to watch as the stock's price action unfolds. In comparison to other themed assets, Texas Instruments closed yesterday with a 1.82% drop, Apple saw a rise to 179.23 from 176.65, and Microsoft was up 1.06%. Overall, Wipro's stock is at a critical juncture, and its ability to hold above or break below the $4.5 support level will be key in determining its future direction.
NYSE:WITShort
by NomolosAI
JSW Steel : Rusting Begins?- JSW Steel looks ready for a short-term downturn phase - Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified) - With the current selloff, The bulls are trapped at ATH making them long-term investors. - We do have a trendline that may give support when the time comes. But until then, It's time to bleed? What are your thoughts? Leave us a boost👍👍👍. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:JSWSTEELShort
by TheChartereds
2
TECHNICAL ANALYSIS VIEW OF BITCOIN 6/11: WAITING FOR THE FALL!Hello traders! In the past 2 weeks, Bitcoin price tried to test the 36000 price range and accumulated in the 33000 to 36000 range until now. Last weekend we also witnessed the action of whales transferring a large amount of Bitcoin to the exchange, which signals that there will be large price fluctuations in the coming weeks, most likely a profit-taking action by traders. big. Next week we also look forward to the speech of Fed Chairman Powell and other members. Most likely, combining the above two events, Bitcoin price will adjust sharply to have notable price actions before entering the last month of the year. Let's come to some technical analysis comments according to Wyckoff on the BTCUSDT pair on November 6: Timeframe H1 (BTCUSDT pair chart on Binance): Figure 1: Now is the time to wait for Bitcoin's collapse (source: Tradingview) Events that took place during the distribution phase: - Price has completed forming phases A, B, C and is in phase D of the distribution phase according to the Wyckoff model. - In phase D, the price retested the upper edge of the trading range with 2 LPSY events. Prices increased but volume decreased, demonstrating the weakness of demand. Now, as long as the big guys or the bears are determined to step down, the price will drop sharply. - Possible plan: continue to sell more immediately after the price tests the upper boundary of the trading range or create new LPSYs. Wait for the price to break the lower boundary of the trading range to create the final SOW in phase D, then you can completely close out the position and pull the stop loss of the remaining positions to the entry point, while preserving the positions. Just continue to wait for the following declines to take more profits. Safe trading! @dvd
Short
by saitama5ever
TRBUSDT ------> SHORT (40%)Hi Everyone All I have available is the price chart and that's all I need. And what I see on the chart is an unconfirmed ( yet unconfirmed ) DOUBLE TOP pattern. For BINANCE:TRBUSDT As the momentum decreases and the price ceilings approach each other, and the price approaches the ceiling of the ascending channel , Considering the dominance chart of Tether, Bitcoin and Ethereum , for me a general correction in the market and especially in this chart is predictable . Targets in the order of probability and time $100 $85 $75 and I consider a possible stop loss around the price of $130 .
Short
by OdinSights
NVIDIA Short sell ideaNASDAQ:NVDA is looking weak as per my analysis as the price shows a potential bearish H&S pattern with multiple confirmations. Weekly candles is heavily rejected from the 50 moving average and Daily EMAs have finally closed below all 50, 100 and 200 DMA. On top of this RSI shows momentum weakness which solidifies my short trade idea for $NASDAQ:NVDA. Would like to initiate shorts below ~$405 and target of ~$378 and ~$323 in the upcoming quarter
NShort
by samparkamaity99
That time of year again! | SeptemberIf you look at the stock market as a game, each month has different odds for success, the best odds are in December when you have a 77% chance of making money and having a positive return. The odds are in your favor in most of the other months, except September when there’s only a 50/50 chance of profiting in the stock market. It’s September again so any number of articles will remind us that September has been the worst month for US stock markets. September leaps off the page as being the only month with an average negative return, and the magnitude of average loss is serious at -0.8%. September has been the worst performing month because first It has the lowest average return. The average loss in September has been -0,8%, due in part to the fact that the worst month ever happened in a September. A 29.7% loss in September 1931 is the worst monthly loss ever. All of the other 11 months have positive average returns and second 49 of the past 97 Septembers – 51% have suffered losses, contrasted to the other months that have had positive returns 64% of the time. Gold and International Stocks are the best performing asset classes in September with a .48% average return, which is half the average monthly return on the S&P500. Gold has delivered positive returns in September 84% of the time. The best month for gold is January, and the worst is March. International Stocks have delivered positive returns 69% of the time. December is the best month for this asset class and April is the worst month. Preferred stocks have the worst September performance, losing -0.91% on average. These stocks win only 48% of the time, so not a good bet plus September is the worst month in history of bitcoin and crypto market as well Remember trend is your friend so if you got 100X degen long leverage you should be ready for some margin call which stock or crypto you shorting now?
SP:SPXShort
by moonypto
2