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Downtrend

Apple easing back from its one-year downtrendI suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA
Is this the top for Bitcoin?One of the top reasons why i am turning bearish and puting my 46k level on hold is because bears have turned bullish after we broke every target that they set. We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down. On the weekly timeframe we have a ascending channel that we just touched so rejection should come. However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend. What do you are we going to get rejeted from the weekly channel. Feel free to leave a comment. If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. Thanks for wathing. BTC TO THE MOON!!!
Short
by Mladen94
Amazon - AMZNLeft chart – daily chart / 1 year • Resistance from the gap formed ending October 2022 at 103.96/109.77 • Support from the gap formed beginning November 2022 at 89.47/91.65 • Stock is trading between the support and resistance gaps in a sideways trend • Decreasing volume in the last days Right chart – weekly chart / 5 years • Downtrend since mid-November 2022 • Downtrend supported by 50 weeks moving average • Resistance at the 23.6% Fibonacci Retracement at 106.80 • Decreasing volume in the last weeks Stay short as long as we don’t see a clear break of the resistance at 109.77. At that point the downtrend is broken, the Fibonacci retracement becomes a support and the gap resistance (left chart) is filled.
NASDAQ:AMZNShort
by Oliver-Basel