Get started

Downtrend

Looking like more pain in TSLA's futureIndicators used: Democratic Fibonacci MAs Consensus Tables (Oscillator Setting) True Momentum Oscillator The TSLA weekly charts (and those of lower time frames) look to be continuing the downward trend that the stock has faced over the last few months. The price has dropped below all 10 fib-length MAs (3 through 233) and the DFMA line closes in on the slowest of the fib MAs, indicating a strong bearish trend. The consensus tables (Oscillator is shown here) all agree that the negative trend will continue (consensus value of -1 across all 4 tables, overall consensus of -1). The ADX is over 25, indicating a strong trend. The True Momentum Oscillator is deeply in the red, with the momentum of the oscillator strongly negative as well. A larger head and shoulders formation has continued to play out. Price looking to break under $100 soon, potentially reaching a support around $91 but with room to fall further into the mid-$60 range.
NASDAQ:TSLAShort
by LeafAlgo
1
GOLD NOT READY TO BUY ON WEEKLY - I'M STILL BEARISH FOR NOW High Trader, In the current Gold situation, price action is telling me with the three consecutive weekly rejection and closure below the previous support and resistance that gold is not ready to buy on the weekly. Make it simple and wait for a bodily close above the yellow zone then go to lower time frame and do the same thing. However, whilst you are waiting on the weekly, you can go to lower time frame if you are not a swing trader to see what price is doing on the daily and then go down to 4HR time frame to see if there are correlation and then 15 mins for entry. That's how to be a simple price action trader and get more win rate. The summary for me here is, until I see a bodily close above the yellow zone in my chart,I will not attempt a gold buy swing to 1875-1879 zone. Regards
OANDA:XAUUSDShort
by Olajireolapoju
1
GBP shortFX:GBPUSD English: Hey, trader! Here we have the GBPUSD in the 4h time frame. I'm looking for a short opportunity. I think GBPUSD will just consolidate a bit and then fall with a strong dollar. I'll look for a retest on a resistance zone around 1.20300.There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly! Deutsch: Hey, Trader! Hier haben wir den GBPUSD im 4-Stunden-Zeitrahmen. Ich suche nach einem short Trade. Ich denke, GBPUSD wird eine weile konsolidieren und dann mit einem starken Dollar fallen. Ich werde nach einem Retest in der Widerstandszone um 1.20300 suchen. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Diagramms sehr schnell ändern!
Short
by NeptenFX
3
SPY DowntrendThe Hazel Heritage Screener alerted me that this week was going to be a bearish one. Last week we saw AMEX:SPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance. In addition to that, SPY bounced perfectly off of the top of the downtrend that was started at the beginning of the year (dashed line). The last time we saw a combination of those two factors was the week of August 15th and it ended up having a significant drop afterwards. The Hazel Heritage screener shows me all the symbols in my watchlist which had that same combination happen last week and there you will see SPY, along with GOOGL, SHOP , & NASDAQ:META So with all that being said, I was bearish on SPY this week, anticipating a continuation of the downtrend for the year
AMEX:SPYShort
by jeanius_tech
1