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XPDUSD - Palladium Surplus?Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement levels which is why this isn't one of our favourite setups but still one that we are looking at. To add more clarity to this setup we need to look at the fundamentals. The USD is very strong at the moment and each week we see the USD getting stronger so this isn't something that we want to be going against. One of the main uses of palladium is for catalytic converters in car exhaust systems but with EV cars taking over the market we're starting to see less demand for palladium and it seems like there could be a surplus of palladium which would push price down further. With all of the confluences factors that we have we see price continuing its downwards trend that it is in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XPDUSDShort
by jpeacockfx
22
Alert: Hindustan Aeronautics Ltd. Anticipates 8.67% DeclineTechnical Analysis Update: In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend: 1. Currently, we are in a crucial 1-hour Key Supply Zone. 2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on 1-hour candle closes below the 9 EMA, but with tight stop losses. Keep in mind that the CHOCH/BOS has a higher success rate. You can adjust your stop loss above this level based on your risk management strategy. 3. Personally, I prefer riding the one-minute CHOCH/BOS with stop losses based on the respective Supply & Demand zones. However, this approach is risky without professional guidance. Feel free to ask for dynamic stop loss and target information in the comments or other platforms that suit your convenience. 4. As discussed in the previous post, the key breakout has changed due to recent trading activity. Although the current move may not be as smooth, the bears remain still dominant. I will provide updates on the new key breakout to capture a 12.7% bearish move. For now, focus on the current situation. 5. Exit strategy: If you notice a one-hour candle closing above the red supply zone shown in the picture, it is advisable to exit. However, such a scenario seems unlikely at the moment. Your support in sharing this post helps strengthen the network and encourages us to provide technical insights for our inclusive growth. Please follow us on our various platforms and share it with others to make a difference.
BSE:HALShort
by UnknownUnicorn14930146
BTC retesting the resistance and May go deeper (25000$- 24000$)BINGX:BTCUSDT.PS BTC almost retest the resistance and there is two possible scenario: 1- Best case: Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$) 2- Worst case: Will dump straight to test the fibonacci level 0.618 and center of pitchfan at the same time (near 23900$)
Short
by Zolfaghari
CADJPY Successful Live tradeI am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market. The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit. Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities. Wishing you continued success!
Short
by Charts247TradingAcademy
NDX fantastic short opportunityI have to admit, most, if not all, Elliott Wavers were shot in the head this year with the rising market. Personally, I was caught off guard by the strong upmove too. For any EW and macro speculator, the upmove in 2023 don't make sense. It is irrational. In fact, it could be irrational exuberance again. But as time passes, the truth starts to unfold: the market capitalisation weighted indices were really being upheld by a few names. The rest were really flat or down. What this means is that the market breadth is not there for this rally. And this is something that is peculiar to this market because of the high market cap of a handful of companies. I don't think the original creator of the index thought that this could happen, but it did. Nevertheless, I would admit that this is really another bold attempt to call a market top (or really, a correction top). Disregarding EW technique which is either hated or loved, just look at the risk-reward for this trade. It doesn't make sense to go long, if this is the only rationale a trader needs to decide which side to trade on. Good luck!
NASDAQ:NDXShort
by sngyuchao
2
BTC - Big move coming! Watch the neckline! The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! When meme coins start pumping, you know the overall rally is coming to an end. We are exactly in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown significant weakness. I suggest that everyone stay away from Altcoins as the BTC dominance is expected to climb higher! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap. Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
44
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me! 'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks. Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all. Reference of Bitcoin Trading: CME Bitcoin Futures Minimum fluctuation $5.00 per bitcoin = $25.00 BTIC: $1.00 per bitcoin = $5.00 CME Micro Bitcoin Futures Minimum fluctuation $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!
by konhow
High Risk for the Coming WeekExpectation is the white path, if we breakdown around June 9th then it will tank to 3700s by end of June If downside isn’t explosive and takes longer than end of June it will likely bounce (dashed path) Max upside I see is 4310 but it has the setup to drop from here directly on a sell the news June 1st when debt ceiling gets raised Any delay in a deal will be bad. I think the NASDAQ is going to lead the way down due to its increasingly unstable setup
CME_MINI:ES1!Short
by JabezDolz
BTC: Price action is getting tight!The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the stock markets experience further declines, it is conceivable that additional downward movement beyond that level may ensue!
Short
by MBM_Crypto
10
BTC - Bearish retest of the neckline!It is apparent that the price has breached below the neckline and subsequently undergone a bearish retest. However, the price has failed to regain the neckline, indicating a potential shift in momentum toward the downside. Should the price further break below the support zone, there is a strong possibility of moving toward the 24k mark. Furthermore, it should be mentioned that the volume is currently very low! This indicates a more significant move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! When meme coins start pumping, you know the overall rally is coming to an end. We are precisely in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown significant weakness. I suggest everyone avoid Altcoins as the BTC dominance is expected to climb higher! Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
14
BTC - The volume is extremely low! A big move is coming!The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap. Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
52
Which Scenario ?Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was just a liquidity hunt . i predict prices bellow 25K for BTC cause i yet recognize exhaustion in price move , and it is not a good sign if u want to see a bull run ... so yeah , here it is , make ur own judgment .
CRYPTO:BTCUSDShort
by hamidking82
6
$BTC #Bitcoin Quarterly Moving AveragesUnfortunately, despite what I would personally love to believe and what you might believe, we are still very much in a bear market. You can see in this chart that in any bull market, we remained above the 720 Day MA. As of now we have not been able to get back above it. The positive note here is that the lower timeframe MA's have all begun to cross upward, to hopefully move back above the 720D, but until price and the lower timeframe MA's move above it, we will not be in a true bull market and can expect a revisit of the lows. IMO NFA DYOR #AirCoin
BITSTAMP:BTCUSD
by DoozerInvest
Double Top Pattern on Golden Pocket I would like to draw your attention to an intriguing technical pattern that has formed on the charts: the Double Top Pattern on the Golden Pocket. This pattern combines the classic Double Top formation with Fibonacci retracement levels of 0.618 and 0.65, creating a potentially significant trading opportunity. A double top pattern is a bearish reversal pattern that occurs after an uptrend. It consists of two price peaks that reach a similar level, separated by a valley known as the neckline. The double top pattern suggests a weakening of the bullish momentum, indicating a potential trend reversal to the downside. Now, let's incorporate the Golden Pocket concept into this pattern. The Golden Pocket refers to Fibonacci retracement levels of 0.618 and 0.65, which are significant areas where price retracements often find support or resistance. When a double top pattern coincides with these Fibonacci levels, it adds an extra layer of confluence and increases the pattern's potential significance. The combination of the double top formation and the Golden Pocket suggests that the market may experience increased selling pressure around these levels. Traders could consider this as a potential opportunity to enter short positions, anticipating a downward move in price. To take advantage of this setup, here's a suggested trading plan: 1. Identify the double top formation with clear swing highs and the neckline. 2. Confirm the presence of the Fibonacci retracement levels of 0.618 and 0.65 coinciding with the double top. 3. Wait for a bearish confirmation signal, such as a close below the neckline or a breakdown of a significant support level. 4. Place a stop loss above the second peak of the double top to manage risk. 5. Set a profit target based on your risk-reward ratio or previous support levels. Remember, as with any trading strategy, it is essential to conduct proper risk management, use appropriate position sizing, and consider other technical and fundamental factors that may affect the market. Keep a close eye on price action and be ready to adapt your strategy based on market developments. Trading involves risk, and it's crucial to stay disciplined and adhere to your trading plan. Wishing you successful trading, Sailortrades
INDEX:BTCUSDShort
by sailortrades