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#ALGOUSD. Get ya shorts on, or get get caught naked.Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it. Why? Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with 25% down still a good one. If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before. Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
KRAKEN:ALGOUSDShort
by My2CentsOnBTC
10
JK Tyre at Resistance Zone - Short OpportunityHi Traders, As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop loss is based on your risk appetite. Otherwise, if the price on Monday breaks the resistance zone in the upward direction then there is a another strong resistance zone at Rs.185 to 195, wait until price enters the resistance zone. After price enter the resistance, if a candle (1 hour candle-Red candle should be formed ) is formed in downward direction and closes below the Resistance zone (i.e. below Rs.185/-) then you can take the short trade and target is Rs.135 to 130 (Profit per share is Rs.50 to 55) and stop loss is based on your risk appetite. This analysis is for short term trade (i.e. Positional trade) and not for intraday trade. Note: This is not a financial advice, please trade at your own risk. Thank you. Enjoy the trade.
NSE:JKTYREShort
by Sriramulu-Bonagiri
BTCUSD potential short coming up! Hi guys, This is my first post on TV but I am excited to join the community. I will be sharing some of my thoughts around day/swing trading Crypto and perhaps more instruments at a later stage as my TA and philosophy mature. I decided to share some TA around the big boy BTC as my first go at making my TA public. As always guys, this is not financial advice and purely ideas around what trades I am looking at next. Here we go, We recently got rejected by the weekly level combined with the trend line which flipped as resistance. We're currently bouncing at a support zone I had lined out with the blue box (and I am long from 47k). We're currently supported by: POC of the range Daily level Global sellers .5 fib 1H 200 EMA (not shown) Previous resistance/support zone Multiple fib levels My next trade would be a SHORT at the golden pocket (highlighted in red) and confluence for the short would be: Untapped .66 from the seller's fib Daily level Previous support waiting to be flipped as resistance the resistance trend line We have a volume POC in that zone I expect increasing bearish divergence on the 1H+ time frames ENTRY: 49.3k - 49.5k INVALIDATION: 49.8k: I prefer a tight stop loss as we might see a short squeeze in case we consolidate under the golden pocket TAKE PROFIT: take profit 1 will be 45.5. I will monitor market structure and the strength of the rejection to find the next take profits. Let me know your thoughts and if you are also looking for a short as your next day-trade.
BYBIT:BTCUSD.PShort
by christophergeeltrader
6
I'll take Gold for the short, dead Alex.my previous long gold trade did not work out- and think back on it and with hindsite I think I didn't see a few things. Happy to get out of it breakeven. We all do this (mistakes), but I like to display my mistakes for all the whole world to see so that we all can learn. see link below. My mane mistake was that yes price then was on support, but it was not proven good support, and gold then was still very strong in consolidating mode. Now gold is in consolidating area again still, but now I feel a directional bias of short. evidence for short selliing: 1. stong bear candles then recent most candle weak bull candle bouncing off 236 fib (not shown). Not to me a stong reverse sign. 2. low volume for this weak bull candle. High volume for the strong bear candles before this weak bull candle. And the bear volume is more than bear candles even before these ones seen on chart by very much more. 3. RSI is support at 50 line seen at first 2 red up and down lines. Then resistance at up down line number 3. Then it looks like a false breakout over 50 line. but then falls below this again 50 line. Now for the number 4 test it is coming up to 50. After a false breakout (after number 3 up down line) this is many times a resistance that will hold for further down move. Right now you see my risk too reward ratio is not great. but this is too quickly change when again futures open so this isnt my true risk. After futures open I will adjust this that depends on price action on open. That is all for now. I love thumbs up and for support. Thank you all! 💕 Ms. Bunny
COMEX:GC1!Short
by UnknownUnicorn11430563
13
SPX500 Short Trade SetupIt isn't one of the best shaped and clear one, but what we have here might be an ending diagonal after an upward impulse for a decade. If this is the case, we should see a downward impulse as the wave A of a yearly corrective structure. So, we can assume that the next wave will be pretty big and fast. That's why I keep looking for short trade setups. If the last top is the end of 5, we should have a valid reversal pattern. I can place a pending order under the last low, but I want to move SL to BE when that low is broken. That's why I'm waiting for a small trade setup after the correction, which is between the yellow lines, to place a pending order. I'll set my SL over the all-time high. If the price starts falling without any trade setup, I'll place an order under the last low.
FX:SPX500Short
by WaveAnalysis
CHFJPY Short Trade SetupAfter the expanding flat, which ended at blue C, a reversal impulse and correction between the blue lines have come. After the last top, we got a lower degree impulse and a correction between the yellow lines, which seems like a complete one. Then another reversal impulse and correction between the purple lines. The issue is that correction because it seems odd. I think we have two options here. First, we may see a wave up until the yellow trendline for a nicer correction. In this case, I'll wait for a reversal pattern to place a pending order. Second, a correction and more downside. In this case, I'll set an order under the last low.
Short
by WaveAnalysis
EURUSD Short Trade SetupIt seems like a correction is in the making between the orange lines after the daily upward impulse from 1.063. Currently, the B wave should be in the making. So, my expectation is the C wave for a complete running flat. But, before that impulse, it looks like more downside is more likely. That's why I want to take a short trade to hedge it at 1.16200 where we have a nice Fib confluence. I think we have a complete expanding flat under the blue trendline. If I'see a valid reversal structure, I'll place a sell stop order. That being said, I'll take a long trade if I see a correction for more upside.
Short
by WaveAnalysis
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BSE:SENSEXEducation
by dsp21486
GER30 Short Trade SetupThe blue ABC can be a complete correction, and if so, we may have a complete reversal structure as well as a trade setup. That's why I placed a pending order under the last low. If it makes a proper correction and a small trade setup, I'll update my entry price and lot size accordingly. Based on the bigger picture, the other scenario is a correction, which will be larger than the blue B, and more upside to make a new all-time high. But this is not a problem because the current structure will be to the downside. If it drops fast, my minimum target will be 15000, if it makes a correction for more upside, I'll hedge my trade.
FX:GER30Short
by WaveAnalysis