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Downtrend

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
GBPUSD: breakthrough discount continuesHello dear friends! After completing wave D from the ABCD pattern, GBPUSD has started a downward trend. Currently, this currency pair is trading at 1.2117 and showing a SIDEWAY movement while receiving support from the 1.205 level. In the short term, we can see an upward price movement for this pair. However, the prolonged downward trend over the past few months continues to exert pressure on this currency pair, with no signs of a trend reversal. It is expected that the current recovery phase will not last long as the downward trend remains clearly intact. A breakout below the current support level could push GBPUSD to a lower price level than anticipated at 1.180. As long as this currency pair continues to trade below the resistance level of 1.235, the risk of a price decline will persist. Wishing you all good luck!
by Karina_Bella
RBN/USDT 1D. Accumulation. Fake-out. Back to the channel.Ribbon Finance Secondary and main trends. As on many cryptos from the beginning of trading history - downtrend. Then breakout of this downtrend and horizontal accumulation channel started to form(stop of price drop). This channel is lasting for more than 400 days already. This is more than a year already. Notice that there was a fake-out of this accumulation channel and then price turned back to it. This is a very positive sign for potential bullish price movements. As for now there has been a downtrend in a secondary trend formed which can be noticed by downtrend line(red on the chart) in this secondary trend. This downtrend was recently broke above and now we can observe the retest of it. From the ATL(all time low) - price has moved for 70% already. More of 70% potential is hidden above to the resistance of this horizontal channel. Then the middle-long term potential is about 400%. I would say about half a year-year for such potential quite real. The project is going to fully rebrend on AEVO which is why i paid my attention to it and it's certainly a bullish sign also. The asset can be traded on coinbase, gate and bitget.
RLong
by TradingTsar
Profit Potential Alert: Shorting HPE at Supply Zone!HPE is revisiting the supply zone, marking an excellent selling opportunity. We're seizing this chance to go short at the current price. Our outlook suggests a significant price decline, with focus on two support levels: one around the double Fibonacci near $14.2 and the other at the key demand zone around $13.8. This aligns with the downtrend trendline, expected to serve as additional support. All details, including stop loss, take profit levels, and real-time updates on trade exit are shared in our channel.
NYSE:HPEShort
by CryptoPAMM