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Decline

EURUSD: Continuation pattern prior to next decline still in playEURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way... Whilst being written another pin bar of heavy selling has been created, only confirming that this is a sucker's rally. This time we need to keep away from the EUR cookie jar. It's pretty much empty. The last hour of trading only adds weight to that outlook. Look to sell from the smaller upper parallel if retested and then to sell again once the lower parallel is broken on the downside. EUR has much further to fall over the coming weeks, as per recent comments.
by sumastardon
WING- Breakdown short from $31.87 to $28.87zWING seems broken down from an upward channel & consolidating within a triangle formation. If it breaks down the triangle formation or the support around $32, it can decline down to $28 or lower. * Trade Criteria * Date First Found- October 25, 2017 Pattern/Why- Upward channel, Triangle breakdown short. Entry Target Criteria- Break of $31.87 Exit Target Criteria- $28.87 Stop Loss Criteria- $33.53 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:WINGShort
by AcornWealthCorp
Dollar Weakness continuationDecline situation in my previous DXY analysis was a success. There is the continuation of my DXY analysis; A (orange) - Still looking for bears to take control. As long as we remain under the blue area, that will be our main resistance area for the week. Currently bouncing on a higher timeframe bullish trend line, I am looking for a break and a nice retest for confirmation. We might al Long term more down moves. B (red) - Still looking for bears to take control. Same technical moves from plan (A). Long term big consolidation range within S&R area and further down moves. C (blue) - As we might be into fake bearish move as mentioned in my previous analysis, we might starting the next trading week with fake bearish moves. Breaking throughout the blue resistance area and pushing the Dollar further up to reach and bounce off the bearish trend line , also on the highlighted S&R line. Pulling out the fibs on the weekly, this projection could give us an optimal trade entry based on the retracement. 88.4 is my long term bias for the US Dollar . Price action can only determine which situation could occur and even, none of them. This will help on the direction of all USD cross pairs. Dollar strengh = USDXXX UP / XXXUSD DOWN Dollar weak = XXXUSD UP / USDXXX DOWN
TVC:DXYShort
by RomZStar
Sugar - Triangle consolidation in wave 4 completeIn my September 28 update, I called for a final zig-zag rally in wave e to complete the triangle consolidation in wave 4. This e wave has developed as expected and wave 4 is now complete. The final impulsive decline in wave 5 should now be seen towards at least 10.11 and more likely closer to the cluster supports in the 8.39 - 8.77 area from where a new rally towards 14.45 is expected. Resistance at 14.58 should continue to cap the upside for a break below the triangle support-line near 13.05 for the final impulsive decline in wave 5.
SShort
by EWS
WDAY- WDAY seems breaking down forming a double top. It is rolling over nicely, and moneyflow also turning negative. We think it will be a good hedge for all the Longs we have. * Trade Criteria * Date First Found- May 11, 2017 Pattern/Why- Double top breakdown, Hedge position Entry Target Criteria- Break of $88.43 Exit Target Criteria- 1st Target $88.43, 2nd Target $70.23 Stop Loss Criteria- $90.76 Please check back for Trade updates. (Note: Trade update is little delayed here.) You can check detailed analysis on -- in the trading room/ Executive summary link here- www.youtube.com Time Span- "
WShort
by AcornWealthCorp
Elliott Wave Analysis: USDJPY Can Be In For A ReversalUSDJPY is turning down at the moment which has been technically expected based on a five wave rise from 112.08 which makes a completed wave v) of a higher degree. That said, a bigger corrective decline can be coming in three waves. Disclosure: We do not own any assets or share of the instrument mentioned in our outlook Please be informed that information we provide ARE NOT trading recommendation or investment advice. All our work is for educational purposes only.
Short
by ew-forecast
5
S&P 500: Major US stock market pullback until around May 2017The Trump rally is forced to take a break after the recent Fed rate hike. A hike which was forced onto the market. A upcoming strong stock market pullback of the "S&P 500" can now easily be blamed on this decision by the Fed. As reaction the Fed is most likely going to cut back on their current plans to hike even more in the year 2017 and then the stock market could rise slowly again, after all weak hand mom and pop investors have sold at the bottom of the pullback to all strong hand long-term investors (who were waiting during the last weeks for an opportunity to buy cheaper into the big rally). Related news: 'Three steps and a stumble' feared after US Fed raises rates - March 12, 2017 Although US Fed chief Janet Yellen has moved very slowly in raising rates, and has gone out of her way to prepare markets for the inevitability of higher rates, some analysts are warn that the old market adage of "three steps and a stumble" – which predicts a US share market selloff after three Fed rate hikes – is likely to hold sway. And this could have extremely important consequences for the behavior of US consumers, who have been comforted by the rise in value of their homes and share portfolios, and have continued to spend briskly even though they have yet to to enjoy a strong lift in real (inflation-adjusted) wages. www.afr.com Three steps and stumble rule The principle that security prices will decline following three consecutive increases by the Federal Reserve in the discount rate it charges commercial banks. The rule stems from the negative effect rising interest rates have on security prices. financial-dictionary.thefreedictionary.com The overall downtrend could be large and quite fast. My 8 month old forecast has the downtrend going back down to around 2150 or even 2000 points: But with so many bulls in the market and overall improving economic data during the last months I currently think the pullback ends around 2300 points or even higher earlier as my best case scenario. Worst case this turns into a larger crash which will end down further and later around 2100 points. Short entry: 2360-2375 Stop loss: 2390 Target: 2300-2225 Risk: 15-30 points Reward: 60-150 point (2360-2300, 2375-2225) P.S. I mentioned the downtrend risk already as a warning in the comments of my previous chart '"Phase III" Of The Trump Rally' 21 days ago (on February 28, which was one day before the "S&P 500"peak at 2400 points). Since then I was waiting for even more confirmation by the price action that a market top has been reached, which is now the case on March 21, 2017.
SP:SPXShort
by ChartArt
1
NVDA - Head & shoulder formation short from $108.07 to $90 areaNVDA came up in our smart money course. It had a really long run, and now seems forming a Head & shoulder. Also seems forming a double top. We think it has very good down side potential & it can drop to $90 shortly. * Trade Criteria * Date First Found- February 13, 2017 Pattern/Why- Head & shoulder; Double top Entry Target Criteria- Break of $108.07 Exit Target Criteria- $90 Stop Loss Criteria- $116.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:NVDAShort
by AcornWealthCorp
JACK - Support breakdown short from $92.77 JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label. * Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:JACKShort
by AcornWealthCorp
XYL - inverted flag formation short from $46.63 to $40 area. XYL seems breaking down underneath Resistance, and seems forming a flag formation. Downward volume is increasing & moneyflow is going down as well. We think if it can break below $46.63 it can go all the way down to $40 area. * Trade Criteria * Date first found-February 9, 2017 Pattern/Why- Resistance breakdown, Inverted flag formation Entry Target Criteria- Break of $46.63 Exit Target Criteria- $40.63 Stop Loss Criteria- $49.13 (Note: Trade update is delayed here.)
NYSE:XYLShort
by AcornWealthCorp
SLF - Rising wedge breakdown Short, from current label to $36SLF seems breaking down from a rising wedge formation. Good moneyflow divergence. We think it will decline from current label & it can easily decline to $36 area. * Trade Criteria * Date first found- February 2, 2017 Pattern/Why- Rising wedge breakdown Entry Target Criteria- from current label or retest to resistance around $39. Exit Target Criteria- $36 Stop Loss Criteria- $40.13 (Note: Trade update is delayed here.)
NYSE:SLFShort
by AcornWealthCorp
$SBUX Continues to Slide$SBUX continues its slow decline through 2016. After an incredible run in 2015, this is to be expected. Although $SBUX is still maintaining its dominance in the coffee world, it is at the end of its massive growth cycle. I expect growth to be incremental in foreign countries and China to determine the course of the stock over the coming months/years. Until it sees a turnaround in volume and RSI...keep this on the long term watch list. www.trendyprofits.com
NASDAQ:SBUX
by trendyprofits
SHORT DAXWhat I am looking for is the market to continue getting rejected from the 2 red zones. This has happened on multiple occasions and if the market continues to fail to break above these zones then we want to be looking for shorting opportunities. Trade is to short the market below the 10,527 level which is the orange dotted line. Target for the trade will be the 10,200 level as a main target, however I will be taking profit at more immediate levels 30, 60, 90, 120, 160, 200, 250 points and then the 10,200 level which would be around 320 or so points. Stop loss for this trade is going to be 10,635 on the short below 10,527
FX:GER30Short
by Toroso
GBPUSD:Will usher in a new round of decline?GBP continued to fall two conditions required: 1.U. S. economic data must be strong next Monday, the probability is greater than 60%, because the employment data on Friday exceeded expectations 2.Next week, the Bank of England rate decision must clearly release a loose signal My point of view is The pound will continue to fall next Monday and Tuesday. Wednesday, Thursday a sharp shock, waiting for the interest rate decision Friday because Thursday's resolution is uncertain. The specific operation points will be given on Monday.
by Daniel_Wu
8
Bitcoin Next Move Outlook for the second half of FebruaryOn February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this steps up and up. Last week we also see rallye on different altcoinf such as ETH, MAID, XMR, and many others. However it soon turn out that all this false hope will end in tears. ETH will never make higher high and my prediction is that by the end of February it will decline back to price where it was and in the future ETH price will inevitably comes to almost zero.... CNY is depreciating and thus bitcoin price will go up. However there exists some tiny possibility that price rose only to decline even more - now on H4 and H2 and H1 we can see divergence between price and RSI however taking into account all other fundamentals and TA this very probably prove to be wrong what on the other hand only even more confirm the uptrend and make uptrend even stronger and thus the final price which we are heading to will be even higher. My current prediction is that we are heading to $450 level or above. Perhaps we can just see new price canal which is established between $360 and $460 with occasional price flashes more up or down depending on price pumps which occur on different exchanges. Very probably we reach $460 or CNY 3000 soon. I think now we are making another CNY 500 up from previous decline CNY 500 (which made a triangle which high was CNY 500). I am very bullish on Bitcoin long term and my short term predictions turned bullish as well. Unfortunately I sold most of my Bitcoins and now I must buy them back again so I am byuing on decline and selling on tops. happy trading Let me know what do you think in comments below :) How much profitable trades did you make?
BITSTAMP:BTCUSDLong
by SunnyMorning
Stock Market Under Distribution for the Past YearThe stock market has topped. Volume has been highest on down bars for the past 12 months. Up volume during this time has been much lower. This is happening at the 2.618 Fibonacci extension level after a protracted starting in 2012. This is making a round top. It has taken a long time. My belief is we will see large declines in 2016. I won't try to forecast how far or long the market will go down but I do believe the decline will be significant.
CME_MINI:ES1!Short
by GarryBartsch