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Bearish Patterns

GBPJPY Head N ShouldersGBPJPY created a nice head and shoulders. On the left shoulder price failed to make a new high so we made a push down to form a higher low to create the head. After the head price pushed down back to 142.300 area and then came up to create a right shoulder around 142.800. This formation along with price being rejected and London session already opened this is was a highly profitable setup. You could have entered on the right shoulder and secured 70 pips and some more.
Education
by pliger4
Bitcoin Space Launch - a basic EMA pictorial (Bull Run to 9k)Use snapshot link below if the text and objects are overlapping. Sorry, I'm still learning how to publish content. Tips and suggestions welcome! What is this? Quickly learn some basics on EMAs (Exponential Moving Averages). Right.. the E does NOT stand for "Emotional"... However, if your are trading too often without making gains, then you may need to learn about those too! Also, don't get upset with me if BTC crashes tomorrow... Which reminds me to inform you that... I am not a professional, but I do invest responsibly and believe that you should too! Please do you own research! (DYOR) If you dig this pictorial or the full history chart of BTCUSD, then please give a Like! Also, I believe you can "make it yours" for future reference by click on the share button and selecting "Make it yours". Thanks and enjoy your trades!
BITSTAMP:BTCUSDEducation
by i269
NZDUSD – Price has to retrace lowerWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. NZDUSD – Price has to retrace lower Trend: Buy Neutral At the moment: Sell/ Neutral Support/Resistance: R2: 0.67176 R1: 0.66596 S1: 0.65910 S2: 0.65655 S3: 0.65449 S4: 0.64334 Price action: In this case we can say nzdusd pair is similar to gbpusd currency pair because trending is still in buyers territory but potencial trade idea is more bearish then bullish. We can say buyers will wait for bearish retracement and then they will decide if they will be able to bounce the price back where is at this moment. We are expecting retracement to buyers support at 0.65655 level. If buyers will not show any bullish momentum, then following potencial sell idea is starting from retracement at 0.65449 new resistance level. This might be potencial trade idea to lower supports. On buyers side, if Nzd currency will show good performance and broke 0.66596 resistance level, then price has to test 0.67176 resistance level. Potencial trade idea: Bulls targets: T1: 0.67176 Bears targets: T1: 0.65655 T2: 121.751 NOTE – We are trading NZDUSD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
Bitcoin : I'm bearish since the first time and so what??Hello all, the bitcoin update is up again during this very crucial market update. Let's enjoy this technical analysis! We've seen a violent 8% drop since the high of today's candle. This is also once again confirming the white area which is the major resistance and the confluence zone of the 200 MA, golden pocket and previous broken support that is now become resistance. For me, a spike to the upside with current parabolic moves since $6500 is no more than a dead cat bounce. Which I've already give a clear explanation in my previous analysis. And for the elliot wave structure, it looks like that my bias is still holding true and with this rejection candle in the daily, we might see the next potential of lower low pattern around $5500 region. I will give you more detail analysis after the weekly candle closes. With current momentum and price action, My bias is extremely bearish. And for the people who predicts the new ATH for this 2020, it's still a long way to go and for me, it's almost impossible to see their new ATH in 2020. Later on the next analysis, I will give a detail explanation about this.
BITFINEX:BTCUSDEducation
by julio24albert
Looking at short interest of some US stocks [Crowded Shorts]Hello, I have to look at some details on a FX strategy and it is alot of mental effort, therefore here I am looking at high short interest on stocks that I do not even trade :) Let's look together at the most shorted stocks in the USA. What I think happens in Wall Street is every one copies every one. If a fund misses out on something that every one else has been doing, their clients will be unhappy. If a fund loses money but every one else did too "it was a hard year so it's normal. "We didn't do worse than the competition" and clients stay with them rather than look for another 2/20. I would classify groups of market participants in such a way: - sovereign funds - pensions etc - hedge funds - biggest fund in the world: japan families/housewives (they are all bound to the same laws and fundamentals, they are half the reason why crypto went up I think, the other half being USDT) - noob retail (represented via what robinhood users are doing) - banks but not that much - warren buffet - entire community positions (short interest for example) - twitter, wallstreetbets, other social networks? First, by dollar volume: Looking at the 2 other companies in the top 5 by % shares shorted that I didn't look at already (the 3 were match tdoc mdco): What are all these countertrend warriors? GM has an mcap of 50 billion (mdco is only 6 bil big for example), not in an uptrend, and it is not even in the top 150 most shorted stocks... GE: 100 billion market cap. Not in the top 150! What can more easilly shoot up 200%? A little scooter mcap of 5 billion, or a giant cruiser ship of 100 billion? It's not like they have 0 trading volume... I heard in the media that wall st shorting stocks was a bearish sign but I'd rather not listen to these clowns. Maybe it was far in the past. Maybe in some cases. Not when the whole herd does the same thing. In the top 150 most shorted stocks I look at the ones with the lowest float % shorted: Netflix already done, trending down Charter com already done, going up That's only a few examples, it would require way more study. But looks like the very shorted ones are bad to short, just the herd brainlessly piling up, under 10% seem fine. First impressions are that stocks shorted 5-9% might be a sign something is up, or at least it is not a reason NOT to short. But these > 20% like Tesla are just too much. Shorting > 30% is just asking for huge short squeeze candles and as well as gaps up. And using options won't solve the issue of the price going up and it being a loser just because everyone else is getting margin called. First impression was probably correct. The herd is brainlessly doing what others are doing. Trading as a individual competing with huge companies super computers etc is not that hard really, how obvious can it be to not short crowded shorts? It's really easy, ye 95+% fail, they're all just either irrational, braindead, or don't put in the thousands of hours required. Duh! What? You need over 10,000 hours of learning & experience to get anywhere (or at the bare min 5k for a +1 std dev IQ)? NO WAY! Wow this is so hard. You actually have to spend some time actively getting good like with anything else even video games? Impossible! Every one wants to be a countertrend trader smh. Not just countertrend, ALL TIME HIGH & 25% of all shares sold short countertrend trader. So stupid. There's no excuse. It is stupid.
NASDAQ:TSLAEducation
by MrRenev
7
BTC STILL GOING DOWN ? BTC is still ranging in a not so tight range, seems like some form of consolidation on these levels, trying to drop its RSI without losing too much in price. I am of the opinion that BTC needs a clear strong break above the red arrown line ( above $7700 ish) and not close below this level to turn bullish. If BTC remains under $7400, my opinion is there's still risk to go as low as $6400 ish. NOTE: This is not financial advise. This is my opinion of current BTC situation put down for for observation.
BITFINEX:BTCUSDEducation
by PlatinumEntrepreneur
2