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Bearish Patterns

HIMS puked up its Wegovy today!Hims & Hers Health HIMS shares were down more than 34.63% in Monday trading, while Novo Nordisk NVO stock was down over 5% after Novo Nordisk said it has halted its collaboration with Hims & Hers on the sale of weight loss drugs, including Wegovy. The two companies launched a collaboration in April to bundle Wegovy through Hims & Hers' telehealth platform. Novo Nordisk said direct access to the drug would no longer be available through Hims & Hers Health because the company "has failed to adhere to the law which prohibits mass sales of compounded drugs under the false guise of 'personalization' and are disseminating deceptive marketing that put patient safety at risk." This stock failed to catch a bid despite the equity markets strong.
NYSE:HIMS
by Trading-Capital
3
How to Identify Double Top Formation - A Long-Haul Bear?How to identify double top formation? Is the US market still forming this double top formation, or has the pattern already completed, signaling a deeper correction to come? In this discussion, we will focus on the latter question: whether this bear is going to be a long-haul bear. 3 parts of today tutorial: 1. How to Identify Double Top Formation is completed technically? 2. How to cross reference to its related markets? 3. How do the fundamental developments confirm these technical studies? E-mini Dow Jones Index Futures & Options Ticker: YM Minimum fluctuation: 1.00 index point = $5.00 Micro E-mini Dow Jones Index Futures Ticker: MYM Minimum fluctuation: 1.0 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Trading the Micro: www.cmegroup.com
CBOT_MINI:YM1!Short
by konhow
SOL | Accumulation Zones | BEST BUY ZONESSolana has topped out after its new ATH in January, and it has clearly marked the beginning of the bearish cycle since then. The bearish-M pattern in quite significant in the weekly timeframe. ( More info on that pattern here, on the ETH chart ): From a technical indicator perspective, we see a clear "sell" sign - a strong signal from a trend-based indicator: Which every way we are heading down (stair step or pin drop), there are a few noteworthy zones to watch: _______________________ BINANCE:SOLUSDT
Short
by Crypto-Check-
Can DXY Stabilize at 99.50-100 Area Despite FED 50bp Cut? Dollar Index – DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse is in play, but with recent touch of a new swing low, DXY is possibly in fifth wave, so be aware of some support in weeks ahead. But closer look shows that there is still some room left for 99.50-100 area, but if this will occur and structure a wedge shape, then we should be aware of reversals, and new correction. So as said, the price could still see a bit more weakness into the 5th wave to fully complete this ending diagonal, but then dollar can turn for a new correction, considering that recent dollar weakness has been mainly driven by these rate cut expectations, so now that this 50bp cut has been done, the dollar may stabilize due to a “buy the rumor, sell the news” effect. However, any rally will be temporary, as I think that dollar has room for much more weakness, bu ideally after another a-b-c recovery. 101.80 -102 is strong resistance. GH
TVC:DXY
by ew-forecast