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Downtrend

$UNH: With stock down more than 60%, is it in buy zone? NYSE:UNH with one after bad news lost 60% of its market cap from its ATH of 600$. NYSE:UNH the largest insurer in US has been in news for all the wrong reasons. The stock after losing 60% of the value has a dividend yield of 3.1% which is 2.5 times of the S&P Yield. The historical dividend growth of NYSE:UNH has been more than 8%. This makes NYSE:UNH a compelling story stock during the recent downturn. With recent insider buys of the NYSE:UNH stock most of the fundamental indicators indicate a positive outlook. But what are the technical indicators telling us? Today we are looking at the historical chart of the stock. The last time the stock was down more than 60% was during the 2007-2008 Financial recession. In 2008 it did lose more than 64%. If we investigate the long term RSI then we see it below 25 which we also saw last during the Financial recession. Verdict : Buy 1/3 @ 250, Buy 1/3 @ 275, Buy 1/3 now.
NYSE:UNHLong
by RabishankarBiswal
1
Bitcoin can drop from wedge to 100K pointsHello traders, I want share with you my opinion about Bitcoin. After consolidating for an extended period within a triangle pattern, the price eventually broke out with strong bullish momentum. The move was supported by a solid rebound from the buyer zone and a clean breakout above the 92800 - 94200 support area. This breakout initiated a steep climb, forming a new upward wedge structure, defined by narrowing trend lines and rising local highs. Currently, the price is trading near the resistance boundary of the wedge, around the 104000 - 105000 zone. This zone has already triggered one rejection and is showing signs of weakening bullish strength. Given the rising wedge geometry and the fading impulse strength, the risk of a correction is increasing. The current structure typically leads to a pullback, especially after such a steep rise. I expect that BTC may rise to the resistance line of the wedge and then drop below the support line, thereby exiting from this pattern. That's why I set my TP 1 at the 100K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
17
Gold can correct to support line of channel and then start growHello traders, I want share with you my opinion about Gold. In this chart, we can see how the price, after forming a triangle structure and breaking out to the upside, Gold entered a downward channel, where it has been consistently respecting both the resistance and support lines. Each bounce from the lower boundary of this channel signals local buyer interest, especially near the support level around 3060, which also overlaps with the buyer zone. Recently, the price rebounded from this support line, indicating a potential start of a bullish correction inside the channel. This move is consistent with past price behavior, strong impulses from the bottom boundary followed by gradual movement toward the upper resistance line. Given the structure and the ongoing bounce, I expect Gold can correct the support line of the channel, after which it turns around and starts to grow to the 3290 resistance level, which aligns with the upper boundary of the pattern and the beginning of the seller zone. That’s why my TP 1 is set at 3290 points - a reasonable technical target within the current channel formation. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by LegionQ8
1
DOW/US30 - PLEASE FOLLOW THE STRATEGY ACCORDINGLYTeam, two are set up on LONG position for DOW/US30. if you have seen my video, how I trade and how much I made, you would notice the difference. With strategy 1, you make 10-15% profit on your capital, depending on how much risk you take. Please add your entry slowly. Do not trade plan one aggressively. also, follow the target range accordingly, make sure trail stop loss to BE once the first target is reached and take 50% partial With strategy 2, if the market allows, this is where we would kill the market. But we need to be patient. As you can see, in the last 2-3 days, I did not trade the DOW/US30 because I prefer to enter at a certain level and price action. Please follow the plan accordingly; once it hits target 1, take 30% and bring stop loss to BE I hope you understand my strategy. Let's make millions together.
PEPPERSTONE:US30Long
by ActiveTraderRoom
EURO - Price can continue to decline in falling channelHi guys, this is my overview for EURO, feel free to check it and write your feedback in comments👊 Not long ago, price entered to pennant, where it at once made an impulse up and broke $1.0820 level. Then price rose to resistance line of a pennant and then corrected to support area, where it later reached the support line. Next, Euro made an upward impulse, thereby exiting from the pennant pattern and breaking $1.0820 level again. Price made a small correction and then rose higher than $1.1270 level, breaking it, but later started fall in falling channel. In channel, Euro broke $1.1270 level one more time and fell to support line, after which rose almost to this level. Now, I expect that price can rise to the resistance line and then continue to fall in a falling channel to $1.0960 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
GOLD - Price can break support level and continue to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it at once bounced from support line, which coincided with support level. Price rose to resistance line, breaking $3400 level, but soon turned around and dropped below, breaking this level again. Next, Gold made a gap and continued to fall in a triangle, and later it reached $3215 level, after which bounced up. Then price exited from triangle, rose to $3400 level and made fake breakout, after which started to decline in falling channel. In channel, price fell to $3215 level, where at the moment continued to trades close and trying to break this level. I think Gold can break this level and continue to fall in a falling channel to $3140 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
EURO - Price can break support level and continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded near $1.0835 level and then it made strong upward impulse, breaking this level. Then it continued to move up inside an upward pennant, where it reached the next support level, which broke soon too. After this movement, it reached the resistance line of the pennant and then corrected the support line. Euro tried to grow more, but failed and started to decline inside falling channel, exiting from pennant pattern. In falling channel, price declined to $1.1200 support level and then turn around and start to move up. I think that Euro can grow a little and then fall to $1.1065 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
NVDIA Death Cross Quant Perspectives (Light Case Study)NASDAQ: Nvidia (NVDA ) has recently experienced an uptrend after a death cross formed consisting of the 65 and 200 EMAs on the 1 Day chart. If we analyze back on Nvidia starting in 1999 , we can count a total of 10 death crosses that have occurred, and 9 have been immediately followed by downtrends. Although a single death cross did not have an immediate downtrend, shortly after this event (approx. 282 days) another death cross formed and price then fell roughly twice as it historically has , almost appearing to make up for the missed signal. From a quantitative perspective: If we calculate the raw historical success rate using: Raw Success Rate = 9/10 = 90 With this calculation the observed success of 65/200 EMA death crosses correlating to an immediate downtrend is 90% In order to avoid overconfidence we can apply Laplace smoothing using: Smoothed Probability = 9+1/10+2 = 10/12 or 0.8333 With this calculation the observed success of 65/200 EMA death crosses correlating to an immediate downtrend is 83% Given the results of the data I personally feel that there is a Very High (83%) chance this death cross that recently formed on the 1 Day chart (around 04/16/2025) will immediately lead to a downtrend. And a Low (17%) chance it does not. Furthermore these results support a technical analysis hypothesis that I formed prior. Many different systemic factors can contribute to the market movement, but mathematics sometimes leave subtle clues. Will the market become bearish? Or will Nvidia gain renewed bullish interest? Disclaimer: Not Financial Advice.
NASDAQ:NVDAShort
by TRADEABLESKUNK
5
BNB Ascending Channel (1W)BINANCE:BNBUSDT remains within an ascending channel dating back to January 2024, with multiple strong reactions at both boundaries. After testing the upper boundary and hitting a new ATH last December, it entered a clear downtrend (orange trendline) that led to multiple attempts at the channel's support. Price action is now getting compressed, and we could see a breakout soon. Key Levels • To the upside, the main resistance remains ~$700 area. • Above that, CRYPTOCAP:BNB could have a shot at a new ATH and potentially the channel's upper boundary in the ~$900 area. • To the downside, in case of a channel breakdown, $400 seems the first logical support (important S/R for previous swings). Still very uncertain and in a No-Trade Zone until a breakout is confirmed.
by AliferCrypto
STX Downtrend Breakout + 2x Bull RSI Divergences (1D)BINANCE:STXUSDT broke out of its downtrend after printing two Bull RSI Divergences in a row, and retesting a demand zone dating back to 2019. Key Levels to Watch • $0.45: Main Demand Zone, relevant since 2019. A break below it would invalidate the setup. • $1.20: Arguably the most important S/R throughout STX's history, in place since March 2021 and potentially a strong resistance, also currently reinforced by the 200-day EMA. If reclaimed, it would most likely shift the bias to bullish. • $2.70-$3.00: Main Supply Zone to overcome for new ATHs, dating back to April 2021. Definitely worth taking a look at the chart on the monthly timeframe as well, to grasp the full significance of these levels. All things considered, this seems a high-conviction trade, with a clean invalidation and a very good R/R.
Long
by AliferCrypto
Is gold currently in a bullish or bearish trend?We’ve seen gold surge significantly during times of uncertainty. The problem is, when we look back at the 2008 financial crisis, we notice a similarly exponential rise, which was followed by a 45% correction after reaching its peak. Based on a current price of $3,400, a correction down to $1,800 is possible. This means it’s very realistic that gold could spike again sharply—especially if Powell ends up being fired—and then, once things start to calm down again, we could see a major correction of at least 45%.
EIGHTCAP:XAUUSDShort
by larsnicog