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Decline

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 $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
NASDAQ:NKLAShort
by gamer456148
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous, J'espère que vous allez bien ! Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle) Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement. En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier). Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant. Coté $ETH, on est arrivé pil poil au bas du biseau... Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports ! Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière. Stay safe :) PEACE !
COINBASE:BTCUSDShort
by NicoDCrypto
A new decline for Aud/UsdA new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED will not distort their monetary policies. At this time, however, investors and analysts are expecting a slight change from Powell. He should cut rates in the July meeting: the market has already discounted this news, causing a retracement of dollar against the other majors. For now we expect a maintenance of this level, with the dollar that should find the necessary strength to reach the main short-term supports against other currencies. Technically, on this pair the price should go back to testing the static support at 0.675. This before the monthly closing in June.
Short
by BFCMInvest
Month-End Continuation & MoreSame idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall trend aims downward still just with greater range for volatility. The broad chart shows areas of potential bounce from the long term trends set from the previous 10-20 years. Intruding beneath these points will violate extremely long term sets of support. 2 are depicted here from the 'line 1' and 'line 2'. I'm making a "why not" prediction as far as the timing with the green line I'd crudely drawn in our future. Seems as though that historically, the steeper climbs give steeper falls, and the more gradual inclines will mirror a gradual descent. We are in an era of just the opposite. Short periods of time with rapid ascent. So, I'd imagine just the same with the coming down from our highest high at nearly 27,000 pts for the DJI. Though I have no crystal ball, and I could be painfully wrong, this seems passable to me. Consumers still have the power to extend themselves for longer than we can predict, and the mere culture of my country can exhaust every bit of leverage capacity in ways not seen before. It very well could be that we climb out of these slows and right up past the highs to reclaim new territory and keep this sick machine turning for another half-decade, and I would be equally unsurprised, but I have no doubt that what we are doing now has incredible consequences.
DJ:DJIShort
by thehoplite
Tencent: short-term short, long-term longTencent: short-term short, long-term long Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war. Short term wise, RSI negative reversals are coming on by on. Currently the price may go down to 291, which is the 0.618 retracement level since December, 2016, a two year term fibonacci retracement. But the RSI reversal indicates that it may go even lower to 274. But long term speaking, AD Line is trending upwards even the price keep going lower since March 2018, for the past 5 months. That is to say, 274-291 could be a crucial range for us to predict what may happen next.
HKEX:700
by xiucat
6