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Downtrend

DIA DOW ETF ShortDIA tracking the DOW widely in an ETF format on the two hour chart had a 7% rise in the past month which was widely followed in the investment media. I believe that it was a bull trap. In the past week price action has been sideways while the Stochastic RSI shows bearish divergence as does the zero lag MACD. Tradign Volumes has fallen off since burst of buying volume in mid and late November which pushed the price up 7%. In the past week, relative volatility has fallen off in general and now negative volatility exceeds positive. I believe that this is a top for the time being. A short position will be taken of 10 shares with a stop above the top at 363 The target is 342 just above the POC line, where high liquidity and volatility will return as long positions, would pile back in there and get a bounce or even a squeeze. This would be about a reward of 8 for a risk of 2, which seems reasonable. I will however take a 1/3 partial at 350 where the Fibonacci retracement comes into play. The SDOW ETF would be another way to play this idea.
AMEX:DIAShort
by AwesomeAvani
EUR/USD: Trends Amidst Fed Caution and Technical AnalysisThe foreign exchange market, a dynamic arena where currencies engage in a perpetual dance, is currently witnessing notable shifts in the EUR/USD pair. This analysis delves into the intricate interplay of both fundamental and technical factors influencing the Euro against the US Dollar. Against the backdrop of the Federal Reserve's cautious approach to monetary policy and recent technical developments, we explore the potential for a downtrend in EUR/USD. The aim is to provide a comprehensive understanding of the market dynamics, linking the Fed's commitment to interest rate management, the impact of slowing US inflation, and the technical chart patterns that may shape the future trajectory of this critical currency pair. Join us in dissecting the nuances that contribute to the potential downward movement of EUR/USD, with an ultimate target set at 1.05719 by the year's end. Fundamental Analysis: Cautious Fed Monetary Policy: In its recent meeting, the Federal Reserve (Fed) reiterated its cautious approach to interest rate management, choosing not to raise rates. This decision reflects a policy focused on economic stability and vigilance against potential negative impacts. Impact of Slowing US Inflation: The Fed's commitment to raising interest rates only when necessary, particularly in relation to inflation control, indicates a concern for the balance between economic growth and price stability. A slowdown in US inflation could alleviate pressure for interest rate hikes. Euro Strength Amid Dollar Decline: The Euro has strengthened against the US Dollar, partly due to market concerns about a potential decline in the value of the Dollar. Investors may be seeking alternative investments in the Eurozone deemed more attractive. Technical Analysis: Resistance at the November 21 Pivot Point: On November 21, EUR/USD encountered resistance at the pivot point of 1.09594, which represents the highest level in the past three months. Failure to surpass this level can be interpreted as a rejection by the market to push prices higher. Potential Bearish Reversal: Failure to breach the pivot point resistance could signal a potential bearish reversal, especially if followed by further price declines. This may indicate buyer fatigue and seller strength, potentially leading to further declines. Target Price of 1.05719: Aligned with fundamental analysis, the potential decline in EUR/USD could be a response to tighter US monetary policy and the increasing allure of the Dollar. The target price of 1.05719 is considered a realistic level given market conditions and supporting fundamentals. Conclusion: Fundamental analysis indicates that the Fed's cautious monetary policy and the decline in US inflation could provide additional support for Dollar strength. Meanwhile, technical analysis, with the pivot point at 1.09594 as the highest in three months, highlights resistance and the potential for a bearish reversal. This combination of factors forms the basis for considering a short position on EUR/USD, with a target price aimed at 1.05719 by year-end. Monitoring both fundamental and technical developments is crucial for risk management and making informed trading decisions.
Short
by fardycurry
2
XAG/USD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Oversold + Demand zone 🟠 EP 23.41685 🔴 SL 23.71720 🟢 TP1 23.10085 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 22.81060 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 22.50200 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
OANDA:XAGUSDShort
by EMA_Trading
4
CELO ANALYSIS🔮 #CELO Analysis 🚀🚀 💲💲 There is breakdown of ascending channel pattern in #CELO with proper retests of all levels. Now there is a clear path to the downside. 📉📉 💸Current Price -- $0.555 📈Target Price -- $0.515 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #CELO #Cryptocurrency #Breakdown #DYOR
Short
by ZEUS_Market_Alerts
Pick one or twoThese stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance out you risk. My TGT puts expire on 11/10 and strike 113. I may buy more but depends how the week goes. Always think on your risk reward, If price opens with a gap down just move to another trade.
NYSE:TGTShort
by ArturoL
EURUSD bear flag?In a strong downtrend recently, brief dead count bounce at a strong demand level. Still above this level for now. Bearish divergence on the MACD. Rejected off the 50EMA and the RSI 50 level, which could be early confluent factors to suggest the trend is still intact for now and this is a lower high before trend continuation. DXY 4H chart attempting to breakout of a range as well. EURUSD weekly RSI is in the bearish control zone and monthly chart doesn’t look great either. Measured move of this bear flag could take price back to parity.
Short
by mcmalloch