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Downtrend

DOW JONES kissed the 200 moving averageDOW JONES kissed the 200 moving average and going down we might see some retracement on dow jones. Lets see --- I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there. Iam posting some of the best phrases from successful people: -All that matters is how you see yourself. If you see yourself as the king, with all the belts and everything, and no matter what no one else says, as long as you see that, and really believe in it, then that’s what’s going to happen -If you believe in yourself and have dedication and pride - and never quit, you'll be a winner. The price of victory is high but so are the rewards. Bear Bryant -We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort. Jesse Owens -In order to excel, you must be completely dedicated to your chosen sport. You must also be prepared to work hard and be willing to accept constructive criticism. Without one-hundred percent dedication, you won't be able to do this. -Patience, persistence, and perspiration make an unbeatable combination for success -Trees and grass need time to grow, and therefore, they symbolize patience. We need time to achieve goals, especially big goals, and this requires patience. ... If we are too impatient, desiring to have immediate results, we might be disappointed and quit our goals. -Courageous persistence is the one quality more than any other that can guarantee success. ... The definition of persistence is the quality that allows someone to continue doing something even though it is difficult or opposed by other people. -Doubt is only removed by action. If you’re not working then that’s where doubt comes in.” -I believe in myself so much that nothing is going to stop me -There’s no talent here, this is hard work. This is an obsession. Talent does not exist, we are all human beings. You could be anyone if you put in the time. You will reach the top, and that’s that. I am not talented, I am obsessed -Approach ev
AMEX:DIAShort
by Composed_Trader
AMD Nears Multi-Month Support, Higher Risk for ShortsPrimary Chart: AMD's YTD Parallel Channel and Short-Term 2.5 Month Parallel Channel This post will provide only a brief update to the more detailed technical discussions of AMD from last week. The more detailed technical analysis is contained in a pair of AMD posts linked on the Primary Chart above. 1. Nothing has changed with regard to AMD's larger downtrend structure. As discussed in last week's analyses, AMD remains in a severe downtrend that has shown no evidence of structural change. 2. Last week's discussions identified a false breakout above the shorter-term down trendline, made especially clear by a Pinocchio bar with a long shadow protruding above this trendline. This foreshadowed the large decline that ensued the next day, with the stock gapping down significantly. Since the Pinocchio bar was identified, the stock has plummeted another -15.0% to -17.1%. Isn't it interesting that when stocks are in a trend in either direction, they can go higher / lower than expected? Stocks that seem very low in a downtrend seem to find their way ever lower. 3. An extremely sharp bear bounce could occur at any time . Just look at the prior rallies in the chart below this paragraph. Many of these bear rallies rise nearly vertically from the lower line of the channel (called the return line). This is typical of bear rallies. They tend to be some of the strongest rallies that happen in markets, and this bear market has been a fascinating learning experience (even if painful for longer-term investors) as these rallies and declines unfold. Supplementary Chart: Measurement of Prior Bear Rallies and Bounces YTD 4. Just because bear rallies can happen doesn't mean that every time the lower channel is tagged that a sharp rally will ensue. But a bullish divergence has formed on daily RSI , meaning that as price made new lows, RSI made higher lows. But a bullish divergence can be erased by price falling rapidly to a new low and pulling RSI with it below its prior RSI low. So it's better to wait for confirmation from price. 5. The lower edge of the parallel channel on Primary Chart shows where price could reach in October 2022. This level ranges from about $55 to $51 over the course of this month. The critical question for AMD is whether (i) price will accelerate its downtrend even further by breaking below this line or (ii) whether AMD will reverse there for a sharp bounce back into the channel. One other alternative is that AMD could whipsaw below the line for a few trading days in an extreme exhaustion move, then snap back above the line, signaling an intermediate term rally. Having identified the key levels that may affect the price action, SquishTrade will not attempt to make bold predictions of either (a) a break below the trendline, or (b) a key reversal that leads to a sharp trip back to the top of the channel. Much will depend on the FOMC minutes and CPI this week and their affect on the interest-rate environment. Given the environment (a severe downtrend) and the levels shown, traders and investors can make their best call with tight stops in place that measure and limit risk—risk is inherent in every trade or investment which is why stops are important for everyone except Warren Buffett—or even better, they can wait patiently for a trend-based setup at resistance. ________________________________________ Author's Comments: (1) Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate in the comment section. Shared charts are especially helpful to support any opposing or alternative view. (2) This technical-analysis view does not constitute a trade recommendation or trade setup. Instead, it attempts to offer technical commentary that describes and analyzes price levels, trends, price action, or the broader technical environment as of the publication date. Technical-analysis commentary does not equate to trade setups or recommendations. Within a given price environment, traders bear responsibility for their own trading strategy, risk tolerance, and time frame, and for any due diligence associated with such trades. (3) This technical-analysis viewpoint could change at a moment's notice, e.g., when price violates a key level of invalidation for a particular view. Further, proper risk-management techniques are vital to trading success. (4) To the extent countertrend price moves are discussed, consider that countertrend or mean-reversion trading, e.g., trading a rally in a bear market, remains higher risk and lower probability even for the most experienced traders and investors. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified / licensed financial adviser or other financial or investment professional before entering any trade, investment or other transaction.
NASDAQ:AMD
by SquishTrade
31
Approaching the 2022 downtrend on EUR/USDI suspect success or failure at this downtrend will be key! 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.
by The_STA
A big challenge for BITCOINPrice keeps bouncing from the downtrend and now it seems harder to regain 20k level. On last week Dollar Index drop (DXY), Bitcoin managed to bounce off the $18,600 but at the very last moment of weekly candle close price shoot up to be stopped right above 2017 all time highs $19,666. Starting the weekly trading period DXY is recovering for another attempt to break resistance giving weakness to Bitcoin. We will see what price action tells us during the week but crypto bulls need to step up if not the flush down on BTC will be imminent.. 16k first 13,8k later.. in case of a breakout 20k must be held then 25k likely for end of November for a double local top.
BITSTAMP:BTCUSD
by AMCryptoTrading
EURUSD Bearish but Caution Ahead of PMI News Welcome back! Let me know your thoughts in the comments! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4
AUD-CAD Wait For Breakout! Sell! Hello,Traders! AUD-CAD is trading in a downtrend And the pair has formed a range So we are waiting for the breakout To determine the direction Of the next move and because Of the downtrend, the more likely Direction of the breakout is To the downside, but as I said We will follow the direction Of the breakout when Entering the trade. For now the bias is bearish tho Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Short
by TopTradingSignals
4
AMD Stuck in a Severe DowntrendPrimary Chart: Linear Regression Channel and Two Long-Term Anchored VWAPs No matter what method is used to analyze and define the trend, AMD has been stuck in a severe downtrend since its all-time high on November 30, 2021. Like other growth and technology stocks (except for FAANG stocks and Microsoft), AMD's November 2021 peak occurred a month before the S&P 500 ( SP:SPX ) topped on January 4, 2021. The linear regression channel, set a two-standard deviations from the linear regression line, evidences the downtrend as of today, October 6, 2022. Price is hovering just under the linear regression channel's midline, which is the linear regression "line of best fit." Two anchored VWAPs also confirm the validity of the downtrend as well. The first anchored VWAP is anchored to the all-time high in November 2021. That VWAP is well overhead at $102.38 as of today, and it slopes downward. Note how it has been resistance at major swing highs after sharp bear rallies over the past year. The second anchored VWAP is anchored to the pandemic-crash lows in March 2020. That VWAP also lies well overhead at $92.16 as of today. These VWAPs show that sellers remain in control despite the impressive bear rallies that have repeatedly occurred since the all-time high. Until the structure changes materially, and that could take a fair amount of time to unfold, the downtrend remains in effect. Bounces should be sold at proper resistance levels preferably with confirmation that price has begun to reverse back lower in the short term. If readers are interested, SquishTrade may post a shorter-term view that includes key resistance levels where the current bear rally may find strong resistance. These levels could be watched for reversals where price in the short-term rejoins the larger-degree downtrend. ________________________________________ Author's Comments: (1) Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate in the comment section. Shared charts are especially helpful to support any opposing or alternative view. (2) This technical-analysis view does not constitute a trade recommendation or trade setup. Instead, it attempts to offer technical commentary that describes and analyzes price levels, trends, price action, or the broader technical environment as of the publication date. Technical-analysis commentary does not equate to trade setups or recommendations. Within a given price environment, traders bear responsibility for their own trading strategy, risk tolerance, and time frame, and for any due diligence associated with such trades. (3) This technical-analysis viewpoint could change at a moment's notice, e.g., when price violates a key level of invalidation for a particular view. Further, proper risk-management techniques are vital to trading success. (4) To the extent countertrend price moves are discussed, consider that countertrend or mean-reversion trading, e.g., trading a rally in a bear market, remains higher risk and lower probability even for the most experienced traders and investors. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified / licensed financial adviser or other financial or investment professional before entering any trade, investment or other transaction.
NASDAQ:AMD
by SquishTrade
33