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Shortsetup

The NWS double top is looking even more bearish than yesterday.This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the downside. At this point, I'm extremely bearish, but will be running a tight stop 1.5% above the upper trend line. Good luck, and always use a stop loss!
NASDAQ:NWSShort
by MetaShackle
King Bitcoin is going to be ready for next falling down !!!Dear All, Hope you have a good day! According to chart, you can see that I understand bitcoin is going to complete last upward moving for grabbing enough liquidity for its next falling down wedge if price could not break the 52K - 55K. Anyway, I just want to warn you that maybe it is not so that fancy and good time now to have long positions for long term or holding purposes, It is better to wait until price straggling around 55K and see if buyers are the winners or sellers take their position back. It is just a financial advice BUT the risks of your trades are on your own and upon your decisions. Take care and have nice day !
Short
by AtareumFX
4
RIVN a short entry on the rejection by VWAP SHORTPIVN on the 15-minute chart was trading up against the dominant supertrend from last Thursday. Mid-morning price hit the resistance of the intermediate term mean anchored VWAP and reversed as suggested yesterday by the bearish divergence on the zero-lag MACD. Tomorrow is federal news which could increase general market volatility. I see a short trade targeting 15.25 in the area of the bottom of two-volume profiles anchored back 2 weeks. The stop loss is 15.9 at the highs of nearby candle wicks. Once the the move gets underway, those already in long positions may close to take profit and add into any short selling underway.
NASDAQ:RIVNShort
by AwesomeAvani
BINANCE:SNXUSDT - Watch out for rising wedge------------------------------------------------------------------------------------------ Description ------------------------------------------------------------------------------------------ + A clear rising wedge pattern formed in SNX + Current price is at the resistance level trying to breakout the resistance, which is less likely to happen + Our entry plan is around 3.8 when price breaks down the support line. + We can expect the reversal of the price in next 2days. ------------------------------------------------------------------------------------------ Signal ------------------------------ VectorAlgo Trade Details ------------------------------ Entry Price: 3.8 Stop Loss: 4.149 ------------------------------ Targets 1: 3.776 Targets 2: 3.555 Targets 3: 3.285 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x ------------------------------------------------------------------------------------------ Note: This is a short trade in the bull market, so it's a high risk trade. ------------------------------------------------------------------------------------------ Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards
Short
by VectorAlgo
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the following day to fall down on rejection from the mean VWAP band line anchored in mid- December. On the 4H chart, another smaller and more condensed falling wedge is found and price is moving down toward the one standard deviation line below the mean VWAP ( the jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near the top of the channel. Trade plan- I will short LCID here and add to the position each time price returns to the top of the channel as monitored on a lower time frame such as 15-45 minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early breakout, the trade is over as the downtrend is correcting again. If the price were to break resistance of the mean VWAP zone, this would represent a break of the down supertrend and could cause a bit of a short squeeze to get underway. If I see that, I will get into a long position with more position size as it could become lucrative.
NASDAQ:LCIDShort
by AwesomeAvani
Expect a slight decrease at the end of the week!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is consolidating within a narrow range around the $2035 region per troy ounce during the early trading hours in Asia on Friday. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is recovering and surpassing the 104.00 mark. The yields on US Treasury bonds are also rising, with the 10-year yield currently at 4.16%. A decrease in the number of initial jobless claims in the US highlights the resilience of the economy and could potentially lead the Federal Reserve (Fed) to hold off on cutting interest rates in the near future. According to data released by the US Department of Labor on Thursday, the number of weekly initial jobless claims dropped to 218K for the week ending February 3, down from 227K in the previous week. This figure was slightly higher than the market consensus of 220K. Additionally, continuing claims decreased by 23K to 1.891M for the week ending January 27. ⭐️ Personal comments NOVA: Gold prices continue to show stability, buyers and sellers have great competition at this price range. Continued sideways large range $2010-$2040 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL 2010 TP1: $2025 TP2: $2032 TP3: $2040 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2040 TP2: $2030 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
Short-term DOWN adjustment rhythm!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is experiencing a slight downward trend during the early European session on Thursday. However, it remains within a familiar range that has been maintained since the beginning of this week. The potential for an increase in interest rates by the Federal Reserve (Fed) for an extended period of time is limiting any significant upward movement. This is due to the resulting higher yields on US Treasury bonds, which undermines the appeal of gold as a non-yielding asset. Additionally, the positive sentiment surrounding equity markets is also contributing to the decline in demand for the safe-haven commodity. On the other hand, the US Dollar (USD) is facing challenges in attracting significant buyers due to uncertainty regarding the timing and pace of Fed rate cuts in 2024. Furthermore, market expectations currently include five rate cuts over the remaining seven FOMC policy meetings this year. These factors are keeping USD bulls on the defensive and should mitigate any significant decline in gold prices. Traders are now focusing on the release of US Weekly Jobless Claims data and speeches by Richmond Fed President Thomas Barkin for potential market catalysts. ⭐️ Personal comments NOVA: Gold price is in a sideway cycle again after the FED decided not to reduce interest rates in March 2024, unemployment news on Thursday today is also supporting the price to DOWN. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2010 TP1: $2022 TP2: $2030 TP3: $2040 🔥SELL GOLD zone: $2048 - $2050 SL $2056 TP1: $2042 TP2: $2036 TP3: $2030 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
NIO - more downside soon? Target 5.50I am following NIO with one eye, now switching to two eye. Even though NIO could have a bright future for the long run (years), I see more downside incoming. The formed head and shoulder within the symmetrical triangle broke to the downside (breaking also the triangle), and as expected retested the HOS neckline (and the triangle). As expected, it got rejected, also bumping into the 200 SMA (4hr)with a huge rejection, confirming it is still in a strong bear-trend now. We are also way below on the 200day SMA, and also the 200week SMA. On the weekly, we are loosing momentum, but some upside is expected on the short-term. I assume (but price actions will tell), this short term uptrend will help to finish the smaller formation on the new Head and Shoulders, which I highlighted with paintbrush in white. Currently, we are in the consolidation zone, chances are, we are going up a bit to create the top of the right sholder with the target of 9.40-9.60, then going back down to the consolidation zone. Also, there is a possibility we have a very shallow right shoulder almost formed already, going down directly, I will wait for confirmation. We are also below the 9day&15 day MA, and also below the 21day EMA. All theese will possibly be huge resistance. Very short-term : uptrend target - ~9.40 Short-term: downtrend target: ~8.80 Low Mid-term: downtrend target: ~8.00-7.70 High Mid-term: downtrend target: ~7.10 Long-term: downtrend target: ~5.50
NYSE:NIOShort
by tommtajlor
94
Something to Watch!Traders, Per usual, I am a little ahead of the crowd here. But I feel it's better to have all perspectives in mind and to be prepared for multiple scenarios than to have never seen it coming. With that being said, here's is a potential future pattern on the BTC daily that may be developing and is something we should all be watching carefully because if it plays out, Bitcoin will go to 31,600 (Yes, I am almost that confident). Here's what we have to watch: First of all, watch where our daily candle closes. It appears to be forming a bearish shooting star. Where the price closes today will be critical and is our first big clue as to what might occur next. But also, if we fail to break above that RED descending TL, more selling may still ensue. Thirdly, if we sell back down to our neckline, it could spell trouble as a small H&S pattern will have completed. The probability of the pattern playing out and further selling to continue will now be around 85 percent. But, fourthly, we will have to break that neckline (PURPLE descending TL). If that neckline is broken and price confirms with another candle open and close below it, we are most likely going back down to that 31,600 price level I have referenced so many time in past posts. Again, this post is very premature, but it is something that I think we need to keep on our radar. As you can see, quite a few indicators must trigger prior to this type of selling occurring but with each occurrence we can grow more confident in Bitcoin's future movement. Should any of the above fail, we would then have to re-evaluate the chart as it may invalidate the pattern or greatly decrease the likelihood of a 31,600 retest. Stay tuned here and I'll keep you all up to date on this developing pattern.
INDEX:BTCUSD
by stewdamus