Get started

Breakdown

GBPCHF Bearish Head & Shoulders Breakout In The Sell ZoneGBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend line which will then also align to the past support, and there im looking to short. I hope this was helpful to you, if yes please hit the like. Thank You
Short
by ElyaStein
1
#eurusd - On support now, 240 #forexHi guys, I have been really busy today so the update on 240 for EURUSD comes a bit later than planned. EURUSD has been pushed back to this now relevant support trend line on the 240 interval, after loosing the Quarterly and the Monthly Pivot at the same time. Generally this could still be simply a breathing and retest of this area in order to grow further and above the Quarterly Pivot. EURUSD is pausing here because buy orders are kicking in, although at the current time I don´t see any specific reversal sings, that bring the price back up, we need to watch further what happens on this level and potentially short the breakdown. (Especially watching out for Pullbacks, Engulfs or Stochastic Break Ups/Downs providing good odds to growth until the white key-level or decline, meaning both directions!) Technically the breakdown from the top pattern is not at the 100% target yet, with all the support going on down there, doubting it will be reached just like that. Please note this is a potential buy-zone rather then short, but be prepared for both directions and react instead of assuming. As usual marked the next significant levels. Neru
by Gl4diator
Bitcoin, 3 possibilities.Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold there and wait for rebound out of 6-month channel, sending us into bully rally. Option #3 - We plunge below $7,000 and head probably into sub $6K range, with my target near $5,800. I got stopped out at $7,795, but then got pulled back in @ $7,870 due to the bullish engulfing candle on the 15 min chart. I may be over-trading this play, but I want to keep profits but also don't want to miss a rally above $8,000. Time will tell. The "options" are in the order that I see most probable. Reminder, don't trade emotions, trade the charts and your strategy.
BITFINEX:BTCUSDLong
by GunMoney
JetBlue BreakdownThe daily chart of JetBlue created a cup & handle type pattern but the price has broken down today out of the symmetrical triangle pattern it had created in recent days. The price has come close to touching my initial price target before finding some buyers again. Note that the initial price target is near the 200-day EMA line as well, an important level for this stock to hold. There is not a lot of volume supporting the price before reaching the $17.30 price range should the price break its 200-day EMA.
NASDAQ:JBLUShort
by Chartimistic
EURUSDAfter a heavy rejection followed by a massive impulse to the downside, I expect some sort of pullback as we get very close to key level of resistance. As well, with any impulse there must be some sort of liquidation/profit taking & the 50% fib zone seems appropriate, - but so does any type of pullback so stay cognitive with prices movement. For all we know the bulls could just be too overwhelming and continue to push down, but anticipate a pullback and make sure you are able to react properly when a decision is made. EURUSD buy on pullback, take PP and hold onto position till next movement is confirmed. Then from there it's fair game. Key is patience & execution Cheers.
by justdame
$CCMP Expect Further Weakness On Trend Line Breakdown$CCMP broke the uptrend yesterday and the stock crashed hard. For those that want to buy the dip, we advise not to. We think further weakness is ahead after yesterday's technical damage. The earliest near-term support we see is around $125. Besides the technicals, $CCMP issued soft guidance, so the fundamentals don't support a higher price as well. Here are the highlights: Cabot Microelectronics (CCMP -14.5%) beat Wall Street's earnings target on in-line sales in its Q4, but guided below views for the current quarter. During the quarter, the company decided to cease future investment in the wood treatment business and not construct a new production facility to replace operations in Matamoros, Mexico and Tuscaloosa, Alabama, and triggered a non-cash impairment charge of $67.4M negatively impacting Q4 and FY results. On a year-over-year basis, Cabot earnings rose 13% while sales jumped 78%, as revenue got a boost from its acquisition of KMG Chemicals. Excluding that deal, sales were flat vs. a year earlier. For Q1, the company guided revenue of ~$279M, +26% Y/Y but flat sequentially Electronic Materials revenue is expected to be approximately flat sequentially and Performance Materials revenue is expected to be approximately flat to up low single digits sequentially. Forecasts FY 2020 adjusted EBITDA to be between $350M - $380M. As always, use protective stops and trade with caution. Good luck to all!
CShort
by InsiderFinancial
GOLD: Clear ranges for trading opportunitiesGold can go very fast in a short time so be ready to catch it on lower timeframes. The daily chart shows a bullish trend but now its correction trend is valid. The breakout of the top blue zone is required for long signals. The first take profit level is the last breakdown. The continuation of the correction trend will be valid if the blue line is broken down. Watch out at the bottom blue zone because the price can be stuck there. If the price breaks down this zone and there is also a bearish wave system, then the profit zone is marked with the green rectangle.
TVC:GOLD
by traderben00
2
Both side opportunities on DAXKeep in mind that we are in a bullish trend so we have to calculate with continuation of the upmovements. However, we are also in a profit zone of the higher timeframes so we have to be careful and need to plan the short opportunities as well. The blue zones mark the support and the resistance. If one of the zone is broken then the green zone can be reached shortly. Lower timeframes are suggested to use for finding earlier signal. Feel free to share your thoughts and like it if you agree with.
XETR:DAX
by traderben00
BTC in danger of a complete meltdownDecided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really: 1. my MAs are having a nearly perfect sell signal 2. structure on the lower time - frames has been clearly broken 3. 9350 is the key pivot here, yesterday we closed below it and so far we are pushing off of it 4. when it comes to bitmex funding longs are STILL paying shorts and I imagine sooner or later a lot of the people are going to get either stopped out or are going to close their positions which could lead into a absolutely nasty sell off 5. I could go on and on.. As far as targets go I am looking toward the white rectangle and the 0.618 retracement. What I would really like to see is for PA to take out the lows of that whole consolidation around the 8k region and quickly go back up - that would imply a liquidity run for the bigger players to fill in their longs to ultimately send BTC to 11k and beyond. As always, nothing is guaranteed, have a SL and don´t be stupid. Feel free to follow me on Twitter as I post a lot of quality stuff there: twitter.com Take care.
BITMEX:BTCUSD.PShort
by Mansasuma
3