Get started

Downside

AMZN DOWNSIDE TARGET COULD SEE 1108 AREA If one looks at at the last I.T. decline dec 2015 to feb 2016 you will see the drop was 31.8 % in the value of the peak and if you look for a similar drop it is 1108 it is also the bottom of the BB bands on the weekly chart . if you look back to 2002 print low every drop on the weekly saw the bottom of the bands before the next major rally the price popped thru the top of the weekly it was a 100 % of the time . as well it will mark a .382 of the rally from that low of 285 to 1618 area. 3th the drop to 1108 area will also be .75% of the rally from sept low 2017 .4th the drop into feb9 was 233 point wave A. times WAVE B UP TO 1618 WAS 1.5 TIMES WAVE A DROP THEREFORE I LOOK FOR THE MAJOR SUPPORT TO BE SEEN AT 1110 TO 1097 FOR WAVE C LOW
NASDAQ:AMZNShort
by WilliamSignorile
XRP/BTC - Talk About Bottomless Pit! Really quick video on XRP / BTC paring since it's been over a week since i updated. In a nutshell, price action has played out exactly as I expected and mentioned in the last video. IT"S GOING DOWN. In that previous video, I mentioned that I thought price action just wanted to move back to the 200EMA on the Daily chart and that appears to be exactly what it's doing. We are only about 300-400 satoshis off from hitting that and my guess.... we are going to hit it. Brightside... we could see a good bounce back up, but it will probably be short lived just considering how this pair moves. Who knows right! I will say... at this level, I think this is great buying ops for myself, but don't take my word for it. I hope you enjoyed... give a like and let me know what you think about XRP paring with BTC.
by Crypto_Sid
5
LTC/USD - Which Way She She Go??Quick update this evening to follow my previous video and updates over the past couple of days. We saw some price action put in a little movement to the upside, which slightly expected, but I really thought we might see a little more downside then we did. We did hit spike down to the $200 mark and pull back. Running through my charts this evening, I'm still seeing a potential for downside, which i explain in the video, but i'm not as confident the dip will be as deep. I could be wrong, but it would appear we're getting a the start of a bit or roll over, but only time will tell. While I'm still bullish long terms, I'm not complete sold that we a full on bull and i should be considering to add to position. I'm going to hold for now and see how tonight and tomorrow play out, as i still think sub $200 is possible.
COINBASE:LTCUSDLong
by Crypto_Sid
ATTENTION! EUR/NZD is at critical point! Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade? Fasten your seatbelts as the plane is rushing into the turbulence zone. MA (100,50,30,9) are intersecting right now -----> downside formation? -------I would enter the LONG position only if the price reaches 1.70 zone------- --------------------------------------------------------------------------------------------------------- --------------------------------Go SHORT if 1.665 is triggered!----------------------------------- Have a nice trading! I'll come back with new ideas/warnings soon!!
by DmitryQuail
SPX: More downside probableThe US Equity market has been visibly gearing for a correction since mid Jan this year (please see related comments below). A 10% fall in one week is a good start; We are now half way to a new, bear paradigm. Yesterday was technically as bad, if not worse, than Monday: - The S&P 500 was in a downtrend all day; - It fell on greater volume than average (2x); - The downtrend accelerated in the last hour, on increasing volume; - The index closed at the day low and LOWER than the Monday close; - Most technical indicators have now turned negative on most time frames; - Next support levels I am watching --> 2,560 / 2,550 / 2,511 / 2,400 / 2,336 / 2,225 / 2,175 What would it take to claim back the up-trend? - A turn in technical indicators; - A rebound in significant volume; - A sustainability in the rebound and in the volume; - A progressive close above any of the previous opens; - An upward catalyst (earnings, interest rates, policy, etc.) - Most of the above would take time to work themselves out. Please see previous post "SPX: Flashing cautionary signals (again)." for suggested action in the current downtrend. Please be on the lookout for new tactical ideas in a market which promises to be technical, exciting and fun! Motto until further notice: Patience, prudence, do not fight the trend.
SP:SPXShort
by HAL9000
BTGUSD More tradeable downside hereBTGUSD Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within the falling parallels from the highs BTG will remain in a weak technical position. To turn back to bullish from here BTG will have to break above 352 and hold (not spike higher and fall away) only then will it look safe to follow for move up to 391. But the chart is saying more downside is likely first.
BShort
by sumastardon
USDTRY USD Turkish Lira Short set-up with big potentialUSDTRY US Dollar Turkish Lira This is striking impulse wave: and when it breaks down it's a fabulous short Cannot short this whilst within the power of this massive impulse wave. But once it falls out of the parallel it becomes a massive short - once broken, look for any retest of the parallel from the underside once broken as a second shorting opportunity with stops above the parallel. This break down could be imminent...worth watching this one. It could come all the way back down to the longer term trend line, given enough time. It will likely form a trend as it does so...draw in the parallels as it emerges and stay short whilst it's trapped within them. Good one, looks like, even if a little exotic. A trend is a trend, wherever it originates!
Short
by sumastardon
1
Short on EURGBPI believe that we are temporarily bearish on EURGBP. We are not ready to fully decide whether or not to say that we are in a trend reversal, but from what I see, it is a possibility. Price has been respecting the .8850 Montly Level/Resistance. If we break the strong level of .8750. We may be in store to see a trend reversal. We've already broken the monthly and weekly ascending trend line so anything is possible. Targets are shown on chart. Safe Trading Risk Reward: Target 1: 1:6 Target 2: 1:3.5
Short
by Pjorge89
4
$len losing momentum/distribution higher time frame is showing range bound price action- negative divergence in rsi closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside first level to 51.7x area and then down to 51.1x
NYSE:LENShort
by inco1