TYHT Poised for an afternoon sell-off! Here is my set up and thesis: MACD stumbling around the average, The price is bullied up 30% today, well above 100 and 200 day MA's. RSI is showing overbought at value=70 Entry: 3.64 Add if goes to 3.7 SL 3.83 TP 1: 3.52 (40% position) TP 2: 3.45 (50% posiotion) TP 3: 3.23 (10% position) Good luck, happy Friday!
I don't trade Bitcoin personally, but I can analyse most Forex charts and Stock charts from a technical perspective. Looks like this pair is heading into a Major resistance zone. With the right price action, there's the potential to get into a short trade.
AS explained on the chart, APPL's Stock has TWO POSSIBILITES. Quite clear huh? It's either bullish or bearish, but how much? FIRS we get a retrace towards 147-148.50. if we get this, with a bullish divergence on 1 hour chart, I believe we are headed to 156.78 (first target) if we retrace BELOW 147-148.50, our three targets ARE first- 142.50 area second-...
OPEN ->MARKET PRICE; SL-> 20PIPS;
Today Place SHORT SELL order @230 (Support) and take profit @228. Since VEDL is in downtrend, it will break support level.
A beginning downtrend started a few days ago, price broke through and bigger timeframe key level (red line), we see the first retest of the line. The idea is to get a second retest to the line and then break through the countertrend. Target would be the next key level 1.4111. I will update this idea when price moves
In this moment, we have a nice bearish harami pattern on the daily chart, this means that the retracement might be end. For confirmation, we must wait when candle is complete. The High of the second candle of harami pierced 61.8% Fibo. We have two signals for a bearish move and we could think that bulls run out of their force to push up the price. My forecast is...
The 60 min chart revealed an Engulfing pattern, that is a strong reversal pattern. This pattern followed by a black candlestick not yet finished. Furthermore, the engulfing pattern is at 61,8% retracement Fibonacci level. I think this will be a good short trade because I forecast that price will go down. First take profit should be at 123,6% Fibo, next at...
1) Intraday market direction is short 2) In a Bearish Channel 3) Minor support &resistance 3) On the verge of breaking the last HL which is also a support which will create a new HL and a indication of a trend continuation & more.. Expecting price to rally down to around 1311.2
Nyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.
Price has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
We see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well. We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on...
2 major Gartleys as well as an expanding channel to the downside. Looking for a retest on the trend line to enter short.