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Toppingformation

$AAPL: Top or Not?Is this a top or just a sideways correction to pattern out excessive price gains that are above current fundamentals? This is the big question when studying stocks right now. NASDAQ:AAPL is definitely not a sideways trend right at the moment, but is it a downside run after a top? What is missing? There are 2 lower highs BUT just ONE lower low. To confirm a Top, you need the second lower low. AAPL doesn't have 2 lower lows at this time. The recent low is slightly higher than the previous first low. So selling short has high risk for AAPL at this time. Resistance for swing trades is at the red lines, which are the highs of each minor gap down.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
Swing short on BTCUSDT (and by extension, all of crypto) At this point I'm willing to share with the public that I see a potential drop in BTCUSDT , and look to capitalize on the move to the 24K area. Once again the analysis is rather simplistic, utilizing structure, liquidity and ranges. As we already took buy side liquidity, we anticipate a move back towards the lower end of the range, where sell side liquidity resides. We have already signaled that markets are willing to seek sellside with a change of structure. As always, will look to update the idea gradually.
Short
by rafblz
Buyer Beware: Wyckoff Distribution It appears that we have a lot of uncertainty ahead and now is a good time to plan ahead to be sure you aren't left holding the bag. Short Term: Up Longer Term: Down If you combine all the buying and selling across all the major indices you start to see the following: 1.) Sell off volume to the downside is higher than buying volume. 2.) Noya indicator showing very strong selling pressure on our recent dip in the New Year. Incoming catalysts for 2022 & 2023 1.) Fed is tightening. 2.) US10Y already increasing in the anticipation of fed tightening. 3.) Risk of inflation getting out of hand. 4.) China strong commodity demand pushing prices up for commodities for the rest of the world. 5.) Inflation is already starting to show in metals. 6.) Potential energy costs going up on US tension with Russia. The yellow arrows signify a typical Wyckoff Distribution across the combined indices. Near Term I could see the US10Y doing a brief pullback/cooldown so be ready for a fast rip to the upside in the coming weeks — likely from oversold tech stocks. Also watch for lots of pumping of stocks in the media/TV/Fintwit. The hedgies and larger funds need someone to buy the top and hold the bags. Longer Term Beware of strong volume of selling from hedge funds and large institutions when price reaches the top of the distribution patterns. Plan 1.) Move like a sniper and be sure to take profits fast so you can get in and out if volatility remains high. 2.) Monitor the Put To Call ratio and take heed to Warren Buffett and John Templeton's advice and buy when others are fearful and sell when others are greedy. If everyone is buying puts at the bottom of the distribution pattern it is likely that thinks will go up. The opposite is true as price goes to the top of the pattern. 3.) Set your levels and stick to them. 4.) Monitor the selling volume at the top most portion of the distribution pattern. If it is higher than the buying volume then it is clear that smart money is offloading the bags to retail (especially combined with media/TV hype). Other (late night) thought experiment If the doomsday scenarios above are true and the Fed is not here to "save" us we should consider that the goal of big money wall street is to extract the most amount of money (usually from retail traders). They need someone on the other side of the trade. The crash like scenarios aren't as profitable as a distribution pattern where the market goes sideways for many months while smart money gets out, selling the top, selling call and put premium to retail, and positioning short to buy the bottom.
AMEX:SPY
by GammaRayGoated
14
NTAP Head & Shoulders Top Gaps DownNTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence that this could be the conclusion and completion level for this top at this time.
NASDAQ:NTAP
by MarthaStokesCMT-TechniTrader