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Downtrend

Short DIA @ prior months resistance Once an area or “zone” of prior resistance has been identified, those price levels can serve as potential entry or exit points because, as the price reaches a point of previous support or resistance, it will do one of two things: bounce back away from the support or resistance level, or violate the price level and continue its trend until it hits the next support or resistance level. As most other major market indices are at 200-day SMA support we are taking a short position in DIA at the prior months' resistance zone.
AMEX:DIAShort
by HodlTradeCrypto
The Dollar retracement coninues.Hello traders, In the month of September, the low of the month was created at a very significant level which was also the High of July. Since mid-September, there was an expansion in price which was then followed by consolidation in price and a retracement as we ended the month. The price seems to be at a premium as it has not gone below the 50% mark. This means it's ideal to look for a sell as the price trades lower into the BuOB and the FVG level. Good luck 💥
TVC:DXYShort
by El_Chapo_Jr
1
GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits. ═════════════════════════════════════════════════════════════════════════ Contraction Plotter Indicator: www.tradingview.com
Short
by Traders_Endeavors
COST, Another clean short set up !COST is offering another clean short set up. After proposing a beautiful and profitable Quasimodo pattern , COST reached to our first proposed take profit target ( See Related idea for details). After hitting our target , COST started a rally which is beautifully an abc form of counter trend correction . This abc form counter trend correction hit 0.618 retracement level of previous decline . Mentioned previous decline which was our short position is beautifully 12345 leg down therefore in terms of Elliott waves, every thing is it's right place to go short. Moreover, stochastic indicator is in overbought zone in daily time frame which may be a good signal for possible trend reversal. Please note two cluster of Fibonacci levels can be seen on the chart. COST has reacted well to first cluster which also nicely coincides with down trend line shown on the chart. This down trend line is a valid one since it has 3 rejection in it's history and yesterday hit might be the 4th rejection. Trade set up and information were also added to the chart. Please note that besides all these bearish evidences , our proposed set up may not go well therefore I kindly ask you to set stop loss carefully . As explained on the chart, if you can tolerate more risk it may be a good idea to set stop loss higher at 565 USD. Our take profit targets show our Reward to Risk Ratio is extremely high so I think it is good to take the risk. Good luck and wish you continuous profit.
NASDAQ:COSTShort
by SaeedSajedi
5