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Decline

BTC and complete the declineWolfe waves and the transverse demand zone: Shapes drawn on the chart: The orange region: Strongest Quantumes Area at the present time, which is current transverse area limits The red zone and the green zone: weak trading areas that are not accompanied by quantities The blue circle: the confluence of the fourth wave with the current strongest demand point and touching the sub-uptrend (the leg of the ascending triangle) The blue line is the price breakout point at the 2020 high towards the 2021 high (69K), and the same time is the strongest demand area in this current drop from the Bitcoin high. Intermittent red trend: the target of the triangle is based on the waves of Wolfe The fifth wave is expected to be short as it faces the point 20361 which is considered a strong resistance as the price is likely to retest it after breaking it, as well as the middle point of ​​the side of the fourth wave considering the unified (angle of the five waves of this triangle 47°), then after that it is expected that the price will fall to The target of the triangle according to the Wolfe waves (dashed red line), which also coincides with the previous idea attached, where it targets the first retracement area shown there. If this path is achieved, it will be updated with a new idea
by AHMAD-CHART
AUDCHF I Retest the Support Area 60+ PipsWelcome back! Let me know your thoughts in the comments! **AUDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
6
Is Face book undervalueLet’s start with fundamentals: 1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year. 2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful? And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.) And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future. Now technical: 1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys 2.look at the chart at weekly period: The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support. 3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline. 4.You can see the black line is a very strong support. 5.The CCI level is -385 which is the lowest amount from the IPO 6.The RSI level is 23 which is the lowest amount from the IPO. All saying that it will see the real value.
NASDAQ:METALong
by aliahmadieng1362
Apple Declines & Stats since 2000Hey everybody i just want to share with you some interesting stats i found about the #1 (most important) stock on the planet since 2000. For me apple makes the major trend in use since it's the largest one as well, so it makes total sense to pay 101% attention to what will apple will do over the next months. Some interesting points: 1. Buffet reduced his position 2. Possible H&S formation if you look at Weekly and Daily chart 3. RSI & MACD pointing downward *There might be a 1% discrepancy between my results and the actuals ones, so please do not take them for granted 100%.
NASDAQ:AAPL
by Philoslother
6
Will FTNT drop over next week?FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010. Like most of my algorithms, they do not identify immediate price reversal. In the current case, the expected delay is between 3 and 4 bars after the signal from yesterday. This means we could see a near-term top this morning. There are two major pockets of tops my programs have found. Even though these are confluence areas, the tops could occur at other price levels. Pocket 1 is around 171.00 and the second area is around 171.60. After the initial moves up, I am looking at a decline over the next week. A majority of the modeled declines have the bottom around March 1 (in fact most are pointing to the first 3 hours of March 1). There are also two target price pockets for this decline. A majority are around 163.00 and the other is 160.30. The full analysis and statistics are available for free on my website as usual. Let me know what you think and thanks for reading.
NASDAQ:FTNTShort
by StockSignaler
GDX- Miners Reaching Lower?A break of the inclining support originating from Jan 2016 may trigger some selling pressure as it would complete a Head and Shoulders pattern. This may be an inverse expression to the IHS forming on the DXY. I'm about 70/30 convinced of this right now. The attached link makes a strong dollar case. The average distance from head to neck results in a projected 24$ target, with the very base support above 22. If this played out similar to other sell-offs, we could expect the downward pressure to reach 24+ and ease before turning between Feb 1st and Apr 19th. This could be an algo/leverage driven flash sale so we might expect equal violence to the upside later in the summer/fall. (15% chance?) What is more probably more likely is that the chart will bounce in the 28 range before deciding to follow-through to 24 or, consolidate and ultimately resume an up-trend. (85% chance) Whether this coincides with a broader market decline remains to be seen, though my suspicions tell me that this week (Jan 25th-30th) will be very telling.
AMEX:GDXShort
by ptero1492
2
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
NASDAQ:NKLAShort
by gamer456148