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Downtrend

DOW30/US30 - SWING TRADE ONLYTeam, with the DOW/US30, we are doing swing trade. With swing trade, we require to leave room for stop loss, so our target is also big as well We prefer to enter SHORT at 43069-43085 STOP loss can be TIGHT at 42115 or SWING STOP LOSS at 43215 Target at 42815-45 then Target at 42410-56 PLEASE NOTE: With the swing trade, we could hold the trade for a few days until the target is reached. If we lucky we can get the target hit within the same day demand on how the market react due to data.
PEPPERSTONE:US30Short
by ActiveTraderRoom
TOTAL Market Cap Faces Rejection at $2TCurrent Market Activity: This morning, the TOTAL market cap was rejected at the $2T level, the top of the range, and has begun retracing, potentially testing the bottom of the range at $1.85T once again. Key Levels: Top of Range: $2T (Rejected) Bottom of Range: $1.85T (Potential test) Previous High: $2.25T (Late August) Bearish Signals: TOTAL has not created a higher high since reaching $2.25T, suggesting that the higher timeframe trend remains to the downside. A break below $1.85T could lead to a retest of the $1.7T level, which was last tested in early August. Market Outlook: Watch for a decisive move at $1.85T for clues on the next direction. #CryptoMarketCap #TOTAL #MarketAnalysis #SupportAndResistance #Downtrend #Bearish #Crypto #PriceAction #TechnicalAnalysis
CRYPTOCAP:TOTALShort
by Richtv_official
Thats two lower highs for NVDA...What is next??? NASDAQ:NVDA NASDAQ:QQQ TVC:VIX NVDA: A Looming Breakout or Breakdown? Nvidia (NVDA) has been on a rollercoaster ride lately, with its stock price exhibiting significant volatility. The recent formation of a lower high and a potential lower low suggests a downward trend may be in the works. A key support level lies around $98, marked by trendline support that held firm on February 21, April 22, and August 5. If NVDA breaches this level, it could signal a short-term reversal of the uptrend. Analyzing the 30-minute timeframe, we see a recent break below a bearish pennant, indicating further downside potential. If this bearish scenario unfolds, a price target of $85-90 seems plausible. Interestingly, this price target aligns almost perfectly with NVDA's 200-day Simple Moving Average (SMA). If the stock does indeed reach this level, it could present a compelling buying opportunity. However, the broader market may face challenges if NVDA's downward trajectory continues. Recent economic data, such as weaker job openings and rising unemployment, suggests a deeper market correction might be on the horizon. While the Federal Reserve is expected to cut interest rates at its next meeting, a larger-than-expected reduction could trigger market panic. The next few months promise to be exciting, and this period can offer opportunities for significant wealth creation. For now, I'm waiting on the sidelines, patiently observing the market's dynamics. Remember, Warren Buffett's recent moves are a testament to the importance of following the market's trends rather than blindly fighting against them.
NASDAQ:NVDA
by Average_Joe_Options
QQQ falls back into bearish territoryQQQ past breakouts above shows it was false by selling off in a massive way with strong volume Failed to hold above new support downward trend Failed to hold above major horizontal support line closed with hammer candle on high volume. This last item we dont expect to be a major turned around point back to bull. It should just be rise back up horizontal resistance before selling off again Comparing with SPY we see that it has now for the first time broke its flat trading today and break below key support with strength. The confirmation between the indicates the bears are back in control
NASDAQ:QQQShort
by ratchet-mint