Hello,Traders! USD-CHF is moving up steadily And I think that pair is locally oversold So when we see a retest of the level A bearish correction is likely to follow Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Foot Locker Short Term - We look to Sell a break of 37.95 (stop at 42.06) This stock has recently been in the news headlines. We are trading at overbought extremes. A lower correction is expected. A break of 38.00 is needed to confirm follow through negative momentum. Further downside is expected. Our profit targets will be 28.32 and 24.00 Resistance:...
Cisco Systems Short Term - We look to Sell at 49.85 (stop at 51.86) This stock guided a rise in revenue for 2023 and shares jumped higher. We are trading at overbought extremes. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. A lower correction is expected. Our profit targets will be...
Walt Disney Short Term - We look to Sell at 123.51 (stop at 133.26) They reported higher than expected streaming subscriber growth and the stock aggressively went up. This has resulted in signals for sentiment being at overbought extremes and we look for a move to the downside. Bespoke resistance is located at 124.00. Selling spikes offers good risk/reward....
Ford Short Term - We look to Sell a break of 15.43 (stop at 16.33) We are trading at overbought extremes. A lower correction is expected. A break of 15.50 is needed to confirm follow through negative momentum. A break of support at 15.50 should lead to a more aggressive move lower towards 13.00. Further downside is expected. Our profit targets will be...
Risking just 100 pips, we are targeting 300 pips as our profit target. The 100 pips is just to give this trade enough space for the spikes during the NFP data release but i'm quite certain that the spike won't hit our stop due to the space we've given it !. This is a 3:1 trade. Trade responsibly !. Use proper risk and money management before executing this...
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...
WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here... Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has...
The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move. Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows: 7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge. At ~1428 EST J Powell will step up...
I tried to study the drop on July 22nd to determine if there were 13 waves for a corrective Minor wave 4 or if there were 21 waves for the first wave 1 in Primary wave 5 down. I saw the former more than the latter. If this is true, my previous forecasts are only off by 3 days and the levels to which they finish will remain with the exception of the wave 4 to wave...
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 July 21, 2022 with a closing price of...
Accending triangle probably will continue Bull run if it manages to break the structure to the upper side. It can possibly be reaching overbought levels which will force BTCUSD to break the structure to the downside. In any case great trading opportunities!
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
Avax gives you the chance to profit 20ish percent and make some cash! this is how you can short with less risk God bless you
Keep your eyes on matic in coming days. it's potentially ready to drops around 26% ! Invest with confident!
Hello,Traders! DXY is trading in a strong uptrend But the index is super overbought at the moment So IF we see a breakout of the horizontal key level Then the price will go lower in the bearish correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
hello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a...
Price has made a double top at the monthly resistance with bearish divergence on RSI. We can expect a drop towards the monthly support with the initial target at the pivot highlighted on the chart.