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Beartrend

Will Nikola fulfill its doom prophecy of going below 10 bucks?With so much happening against Nikola this year, some expected it to be already in the single digits, nevertheless the stock still trading around $35 bucks. However I think that after this coming December the speed in which the stock is falling could accelerate, as major stock holders will be able to sell at will its shares locked in contracts until then. So the first week of December should be revealing for Nikola, and I think it will move the stock to the bottom of this descending triangle, to retest the support, and eventually at some time in 2021, maybe deep below towards single digits. The company is a total fiasco with no products to show but empty promises.
NASDAQ:NKLAShort
by Allenvik
2
Uranium, not quite yet?Despite the multiyear lows in Uranium, it seems that stocks like U are not having enough capital to take it higher, in the opposite, investors are selling out to invest elsewhere, perhaps looking for more attractive yields. I think Uranium Participation will revisit much lower levels, perhaps around $3.5 in 6-9 months, until the whole Uranium sector changes direction. The uranium sector is showing mix signals with some indicators showing a break, but reality minor stocks such as U are struggling.
UShort
by Allenvik
SPY Hidden Bearish Divergence is BackVery clear on the 1 hr and now 4 hr charts for some hidden bearish divergence (possible continuation of trend) which was selling. We hit the .382 fib from previous high to low. I am buying puts for my next target which is the .382 fib to the downside around 306-305 area. It is possible that we move slightly higher to the .50 or even hit a full measured move of the possible falling wedge but i have what i need to start shorting
AMEX:SPYShort
by JohnnyBullXRP
11
TSLA: Now it is the best time for a reaction!Hello traders and investors! Let’s study Tesla and try to understand what’s going on here. First, the hourly chart is still quite bearish, as we see descending tops and bottoms , and no clear reversal sign. As long Tesla continues to trade under the 21 ema and under its previous supports, like this blue line, it will simply continue its downfall. A retest of the 21 ema is something we can expect, but now Tesla is in a very delicate situation, as we can see on the daily chart: I’ve been telling you guys for a while that this purple line at $ 359 is quite important. Now is the best time for a reaction , and if Tesla manage to close a candle above this line, the situation will start to look better for it. Tesla would still have the resistance at the 21 ema, and the trend would still be bearish, but it at least it won’t be a massacre anymore, and it could bring some hope for the bulls. As long we don’t see a clear reaction, the trend will continue , and Tesla will seek for its next support around the red line at $ 273, while the gap around $ 280 will help to drag the prices down. Meanwhile, Tesla left this gap (yellow area above the purple line) and it could be filled in the next few days before it starts to fall again, if it is a Common Gap. And if you made this far, please, support this idea! And I invite you to follow me to keep in touch with my analyses. Every day I’ll be here to share a few ideas with you, and I’m sure you’ll find something interesting. Let’s watch out for this purple line at $ 359 and see how Tesla will behave next!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
Ethereum Heading into a New Bear Trend till end of 2020Hi traders, I hope everyone is safe and healthy in these tough time. Here is the outlook for Ethereum for the next few months. Hit follow and like to show your support: :arrow_forward: :chart_with_upwards_trend: Next level to consider rebuying some back if bullish is at $310-290 and $285-275 bottom of that broadening wedge where the bulls must try reversing it back up above $400 immediately to preserve the rounding bottom and bull trend :chart_with_upwards_trend: . :chart_with_downwards_trend: Note that if we break that $285-275 support, then we may go in an extended bear market AGAIN unfortunately until end of 2020 after which a new bull market would start Q1 2021 which is a substantial delay again due to the US elections and US economical/pandemic mismanagement/incompetence of Trump's presidency. If the bear trend confirms, then I do think we find a bottom on ETHUSD and BTCUSD sometime September or October before the US elections and I am currently looking at $220-210 for a rebuy/relong longterm for that bottom after which we'd see ETHUSD recover back up mid October to November 2020 back above $275-285 similar to July-October 2017 action... :arrow_forward: Overall portfolio management wise, it is best to flip 50% to fiat and 50% ETH longterm and just watch. If we regain $400s+ then we can consider reinvesting the rest. If those 2 years of bear market in Crypto taught us something new, it is effective and proper risk, portfolio and trade management and most importantly banking profit/cash and withdrawing that profit to the bank account and enjoy it. Do not take any long-term outlook for granted and always take profit, else we'd suffer continuous losses over the years at the mercy of the high frequency algos and CME institutional entities. Stay safe!
COINBASE:ETHUSDShort
by BitcoinGuru
3
The dollar looks particularly weak todayDollar appears to be forming a bear flag. Again - great for commodities & great for equities. Not saying you should long a particular stock or commodity just because of this - but there are major ramifications for a weak dollar. Imports get more expensive & exports get cheaper. If you are short the dollar, and that double bottom gets retested & breaks (which of course has happened before) we are going to see a significant and straight forward drop till next support is realized.
Editors' picks
TVC:DXYShort
by ZenMode
28
USDCAD USD has been one of the weakest forex pairs since March. Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week. The previous support zone of the pattern should now act as resistant and a pull back to that level can be a good entry for a short trade. The target of the patter is around 1.3450 which coinsides with a gap in that zone and a horizontal support zone. This setup provides a 3 to 1 risk to reward trade.
Short
by Trader_Shayan
3
Bitcoin - MARCH UPDATEDear traders, dear followers, as I said in the last video (feb update): "We will test certain levels 6500, 5K and 3K, and when this happens, I will make another video, but this will take a few weeks or month". Turns out, it took a week to do so!! Nevertheless, here is the march update with specific information, targets, analysis and persepcetives. Enjoy that and thanks for the messages, my DM box is kind of exploding, sorry when I cannot answer all of them immediately... Thanks for tuning in and happy trading everybody, your quality-trader
BITMEX:XBTUSD.P
by GER-Quality-Trades
US 30 Bear Trend: Megaphone Tar Double Bottom Crash Landing SiteUS Equities in downtrend off ATH from July. Price action strongly mimics last year's selloff behavior. Pull chart right to see the 2018 Megaphone. Targets in chart are determined by TL defined by these Megaphones. Price labels are estimates and actual prices of course will vary; past performance is no guarantee of future results! 2019 Megaphone is Bigger and the subsequent Great Drop will be deeper. Currently trades near top of retracement in 'h' pattern which Time Cycles (green ribbon) suggest should complete on or about 14 August, coinciding with Full Moon on 15 August. We got a 62% retrace in NQ and ~50% in Dow. Expect to rollover at or near 26500, has traded to 26400 so far, maybe already done; or might have one push left, exact price is chance. Near-term bottom of the 'h' right leg should end up at or around 24750 +/- 80 pips on or about Monday, 26 August by Time Cycle, coinciding closely with New Moon on August 30, when price should rally a final time. Exact price is chance. Expect a monster relief rally there until 14-17 September, coinciding with Full Moon on 14 Sep, to around 25800 +/- 200 pips; these rallies carry index above the 'h' hump, should get to the upper TL on megaphone. Again, exact price is due entirely to chance. Apres ca; la deluge. The Big Sell may commence on or about 17 September (Constitution Day, and the 167th anniversary of the Antietam battle, AKA Sharpsburg, after the Full Moon. www.history.com Selling may be expected to last for six weeks in an unrelenting downdraft, culminating in a panic crash to a lower low than 24 Dec, and forming a giant annual 'h' terminating on or about Tuesday, 29 October, coinciding with the New Moon on Monday, 28 October. NB: IMO it is not coincidental that 28/29 October 1929 were also on a Monday and Tuesday; eerily the waning Moon cycle ended on 30 October 1929, with New Moon on 31st. www.calendar-12.com "Black Magic!" you say; but biologically, these patterns are borne out time and again by history; the madness of crowds and human mood is definitely influenced by Circadian Rythym, and closely tied to Lunar Phasing. Gravity waves have been detected on the floor of the NYSE, LOL! The negative impulse should form a true Elliott wave 5-wave impulsive pattern with three major selling waves and two weak countertrend waves. I did not show these in chart for clarity, as we approach the event future ideas I will publish these waves as they unfold. As always, this is just another addle-pated, crackpot idea and clearly does not constitute any sort of investment advice. That being said; I must observe I accurately predicted the May ABC correction and subsequent ATH, see published links below. We are currently in Distribution Phase of the final leg of a monster bull market, so please: Trade at your own risk; GLTA!
DJ:DJIShort
by DaddySawbucks
40
S&P 500 - Long Term Bear TrendThis chart represent the bull and bear markets in the S&P 500 during the last two decades. According to this analysis and based on statistical inference, we could have started the bear trend that might during until March 2020. On average bear markets length approximately 18,5 Months ((28+17+11 )/3) and depreciate close to 41% ((50%+58%+15%)/3) since the life time high (from 2940 to 1735). On the other hand, completed the depreciation period, the bull market reveal a huge potential providing on average 129% gains ((103%+221%+63%)/3) with a duration of 56 Months ((63+74+31)/3). For active investors some caution is recommended with the crystallization of gains, while some opportunities arise from the correction.
SP:SPXShort
by Andrepaz
2
WTI - Bear Flag - Preparing for another wave down?From the charts above it can be seen that the crude oil price has broken the big triangle on the 4h chart and is expected to further decline to the Minimum Price Objective. It was hard to project this sharp down movement as after the Opec+ meeting most of the traders were bullish on the asset. I, personally missed the break as well. If zooming in a bit (the 1h chart) a bearish flag can be spotted. What attracted my attention is that the projected target from that small bearish flag lies exactly at the M.P.O. level of that bigger triangle. As a result, I think its reasonably safe to trade the flag pattern as the bearish momentum prevails and there are no strong fundamentals for it to end, at least in the short-term. Targeting the Minimum Price Objective of the flag which lies around 44.1 and the Stop above the highest point established after the break of the flag. Have not posted for a while, now am back and will try to post trade ideas on the daily basis. Will appreciate if you will give me a follow if you like the idea!
NYMEX:CL1!Short
by CAS_Trading