LC had a big pump today and offers a nice short opportunity. I assume it will correct down to the next support slowly.
GBPUSD analysis: after our recent 112 pip win we are now seeing a test of the resistance line. The bulls that rode this with me had a similar TP and now that it hit most of us have sold causing exhaustion in this pair. On top of it being overbought on the 4 hour and on a continuation of a downtrend, we are looking for a sell. I have placed a maroon trend line to...
This is a second attempt at finding a short opportunity on MRNA after the first failed i have waited and i now see a new signal. I expect that we will see a daily reversal in MRNA from here in respect to the Dark Cloud Cover candle Close we just got on the daily. At minimum we will see a reversal to fill the gap below but at the worst we will go all the way down...
All-in Short 🔻 Double: RSI Resistance, Channel Resistance 🔴 KEY POINTS: - RSI is strongly overbought - Momentum hit RSI Resistance - Price Action hit Channel Resistance - Machine Learning (Artificial Intelligence, Linear Regression) says upcoming Resistance - Chart Pattern: This Technical Indicator Variation worked 100% in the past We've opened short. All-in.
MRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position. Here's the chart showing those indicators: I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on Tuesday for a nice $50/ share short with...
If we bearishly reverse here and make yet another lower high we could see Bitcoin break below $28,000 and go all the way down to the daily support levels of $24,000 and $19,000
Hello traders, 3 hour chart here. Everyone is calling for a full blown reversal after just one bullish daily candle.....this is how traders get sucked into buying higher during bear markets while big money is getting there shorts filled by you. Overbought conditions, and a reversal candle with a massive doji. 25x long liquidations around $30,888 -...
My wife just got a new job and we now have a company car! There's no point in keeping our car, because it's a deprecating asset. However, as much as i want to buy more Bitcoin with this cash, i'm just not buying now and here's why; If you look at the downward channel, you'll see that the last time price went above, ended up with a mark down. It's way too risky to...
NFLX has been trading in a range for many months, as we can see by this weekly chart here: Stochastics on the daily chart are showing it as heavily overbought, with an RSI of about 85, likely in anticipation of earnings which come out in 6 days. Historically, NFLX sells off about 80% of the time post earnings, usually quite steeply, with an average sell-off of...
Recently we had a big bullish day and now it's prolly time for a sizeable correction.
Ive been looking into two stocks recently, NVDA and SPY, and they both look extremely overbought. I mention SPY only because NVDA is apart of the S & P 500, Ill upload my SPY short analysis soon. However if you look into the weekly chart on the left it has broken out of an of what appears to be an already overbought channel. This channel dates back to 2018, where...
I am a huge fan of Apple and their business model, but this is technical analysis and the "red" flags are screaming that it is time for a sharp correction. Indicators: I. Red trend lines signaling future decline ( trend lines are from the Knoxville Divergence indicator and help foresee growing divergence often times ahead of MACD and traditional sell...
As @adamh6847 requested, I’ll share my insights about AMD with you guys! Since it lost the red line and it did several bearish divergences on the RSI, AMD is falling, but what to expect next? Now the RSI is pretty oversold, indicating a possible rally in the 30min, maybe to the 92 again. But we have no bullish confirmation, just a possible rally. The fact we...
A trader on my social media is long NASDAQ:AAPL options as the charts begin to setup a potential Double Top with RSI overbought. The trader does not want to close their trade but feels the need to take some profit. In these situations I like to convert single directional options plays into a Calendar Spread or Diagonal Spread. In this video I use this real...
So Es is due for a drop, maybe even a significant correction. But this is tough to call because markets only go up don’t cha’ know? Manipulation is tough to trade but I still take small bites of money on sells. And now think we are at a sell spot possibly. ES has been trading in parallel channel of yellow lines. Also this index is overbought on monthly, weekly...
Ok, WISH hit the 13.80 as we thought it would, and it is below this level right now. That’s fine, now I see the 13 as the next support, and look at the RSI – it is starting to get oversold again! Any reversal pattern around will be a buy sign for us. And this will be perfect, because the 13 is also the 20ma in the 4h chart. The 30min and 4h charts were too...
Just as we expected, PLTR is just flying, and there’s nothing here telling me otherwise. Today we have an intraday consolidation, and this is good, because we have new points to look at. The 27.50 is the resistance we must see broken this week. The 27.01 is the support we don’t want to see PLTR losing. Let’s see the daily chart for a change. PLTR is at an...
I look at ES and I can see good short opportunity. This does not meen it won’t go up but I see very big profit for down move short term. Why? - Price is in up yellow wedge - RSI is overbought or close. - price is hitting resistance at up trendline in black which has been tested a lot of times both from a support side and a resistance side. I will take short...