As I have said before, vying for 152+ is pure mental illness borne out of greed and brain-to-bull-market replacement. Times of easy money off longing the dollar are over. CPI has shown this. The only things still up are fuel and rent, and arguably so. As with anything, zoom out before you get excited and lose money. This is the only PSA I will leave here for a...
Since yesterday, we have been having a nice movement so far toward our major resistance zone, potentially fulfilling that re-test we have been waiting for! We are aiming here to see the price hover near this zone and open a nice mid-term short position with some major targets and FVG zones to be filled during that movement we are looking for! Swallow Team
Hello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my...
Currently, 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...
Hi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not. As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price. Other things that...
A potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment. To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold. On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold. There can be a potential short squeeze...
The current price action is aiming the next demand zone as shown on this 30m chart. That impulse bearish movement, as expected, based on Elliot Principle, is about to happen. Bearish divergence on Chaikin Money Flow.
We are at a point where NVDA is trading at a Macro Monthly Bearish ABCD PCZ and all the Oscillators are sitting in overbought zones. If NVDA sees a negative monthly candle at these levels, it is very likely that these Oscillators will begin to come down again and signal Potential Bearish Action ahead; if we get such a signal at these levels, then I would typically...
BNBUSDT up-to-date. 222 USDT is on the table for this asset. CZ coin is about to drop to fil the most profitable leg downward to draw this beautiful pattern on an increase of confidence by the bear side, aiming the great demand for the bottom zone.
The SPY seems likely to pull back to the levels of $420 to $400 before it can later decide whether it wants to continue the overall Bullish Trend to all-time highs. In the meantime, we are dealing with Double Bearish Divergence on the MACD, Overbought Conditions on the RSI, and a Bearish Engulfing Candle on the 4 Hour all while trading at the 1.13 Retrace of the...
In this trading idea, we delve into the current state of Google (GOOGL) and explore the indications of an overbought condition. With a careful examination of technical indicators, it becomes apparent that a sell-off may be imminent in the near term. The analysis suggests the possibility of Google entering a range-bound phase or even experiencing a continued...
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete. Fisher Transform suggests the direction of the price action in 2H and 1D...
What we can see on the chart is that the price of the stock is overbought. The price is above the upper Bollinger Band, and also the stochastic shows us overbought conditions (above 80). The price currently is at the resistance, therefore it would be the entry for the short position. Stop loss and target are shown on the chart.
Signify Health Short Term - We look to Sell at 29.83 (stop at 33.46) There is market rumour that Amazon, United Health and CVS are interested in buying this company. This led to a surge in the stock in premarket. We are trading at overbought extremes. A lower correction is expected. Bespoke resistance is located at 30.00. Selling spikes offers good...
In spite of all major economic indicators showing a rapid decay of conditions and inflation showing no signs of letting up, the market continues its rally, now into its 7th week. Nasdaq investors seem particularly focused on buying, even under selloff pressure. This is what I call a zombie market. It's hard to wrap ones head around why the market continues...
Last time 1D RSI went this high we had a massive dump, furthermore we had a touch of top of bear flag, and you don't turn bear into bull (all these 20 to 30% pumps) into a few days or weeks, we still getting mt gox dump and the interest hikes
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of...