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SPX: We are crashing! Time to panic?Hello traders and investors! Let’s see how the SPX is doing today! Yes, we have a systemic crash in the US, but we’ve seen worse. This crash seems to be related to US tech stocks and China only, as European markets are still quite resilient, especially FTSE (UK) and DAX (GER), which are leaving huge shadows under today’s candlesticks. As we discussed in my recent video, the SPX has no reversal signs , and even now, we lack bearish structure. We must see lower highs/lows in the 1h chart before assuming we’ll correct more. We have a support at the gap (black line, 4,369), and the index is seeking this point, for now. Remember: A crash is just a pullback, and it doesn't mean we are in a bear trend. However, I agree that the daily chart looks bearish already. The market might understand today’s movement as a false breakout from the previous top level, and we are heading to the next support at the 21 ema. If the crash is strong enough, we can retest the support around the 4,289 again. I find it hard to believe we would retest the purple trendline in the daily chart without a stronger bearish structure in the 1h chart. We can hit there, but we must see a clear reversal in smaller time-frames. Only time will tell if this is just a crash or the beginning of a bearish reversal. If it is a crash, then fine, it’ll be just an opportunity to buy, like it has been since April 2020. If it is the beginning of a reversal, then we must wait for more patterns to confirm our theory. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
USDJPY | Perspective for the new week | Follow-upWith an astronomical 500pips run in our direction since my last speculation (see link here below for reference purposes); It appears the character displayed by price action lately has found a safe haven for Supplication @ Y109.500 area thereby welcoming a Selling bias for me in the coming week(s). At this point in a very Bullish trend, the market is looking as if it is trying to figure out where to go next as the thrust from Pivot III did not have enough momentum to find a new high and considering the sharp rejection of the Y109.500 area during last week trading session; it appears that the Greenback risk a further decline. Can inflation rescue the dollar? Let's see! Tendency: Downtrend ( Bearish ) Structure: Supply & Demand | Trendline | Reversal pattern Observation: i. The Bullish run that began late January 2021 which is characterized by series of higher swing highs and higher lows appears to have found a peak @ Y111.000 after what looks like a setup transitioning into a downtrend after hitting a brick @ Y109.500 level. ii. The present structure has a high tendency of changing to a series of lower highs and lower lows in the coming week(s) as I anticipate a Breakdown of the Bullish trendline in the nearest future. iii. I will like to call our attention to the Supply zone @ Y109.300/110.000 area; This level was a very strong Sell window before the Breakout on the 30th of Mar 2021 followed by a Breakdown on the 7th of April 2021 and since this day we have witnessed price trading under this level throughout the month of April 2021. iv. With my Key level holding @ Y108.500, I shall be looking forward to taking advantage of a decline below the key level this week. v.This been said, there is an opportunity to add a position to your existing trade when price does a further breakdown/retest of Demand level @ Y107.500. vi. CAUTION: On the contrary; it could be a rally (bullish) continuation when price breaks above Supply zone and retest to find new demand level at this juncture... Trade consciously!:) Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
NIO: How much more could it drop? Let's see...Hello traders and investors! Let’s see how NIO is doing today! The stock has been doing very technical movements lately! • A QUICK MESSAGE: Next Monday, I invite you to join me in our next stream! One hour before the market closes (3 p.m. NY time). Check this link: www.tradingview.com NIO defeated the Dual-Resistance level we discussed in our last analysis, as expected, and it hit its natural target at $ 42.05, which we have been aiming since the beginning of the month. If you missed my previous analysis, the link is below this post, as usual. Now, in the 1h chart, NIO did a bearish structure: It lost the 21 ema and it did a lower high/low . On the other hand, it has two important support levels to hold the price, the first one is around the green line at $ 39.34, the second one is around the $ 37.54. In the daily chart, we see that NIO is at a Dual-Support zone , made not only by the green line, but by the 21 ema as well. If any bullish candlestick appears in a place like this, it is a crystal clear buy sign. I didn’t put it in the chart, because it would be too much, but if you trace a Fibonacci Retracement in the last bullish leg, the 38.2% retracement is quite close to the green line as well, making it an even stronger support level. In addition, the 61.8% retracement coincides with the red line in the 1h chart, making it a good candidate for a reversal too. What’s more, NIO is dropping, but the volume is quite low during this bearish movement, indicating that this is still not a real sell-off . Given how we have several powerful support levels, and how the volume is looking right now, I see drops as opportunities to buy. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped!
NYSE:NIO
by Nathan_The_Finance_Hydra
22
USDJPY Series of Lower Highs | Descending Triangle | 2.38RSee Price Range 110.964 to 110.387. You will see a series of lower highs going into the support line. Support line was broken and turned resistance. After the break, enter on the retest of resistance line (110.387). Price broke exponential moving averages (dynamic support resistance) and retested it. The "intersection" of horizontal support resistance and dynamic support resistance is a value area. Stop Loss: 22.6 Pips Take Profit: 53.9 Pips RR: 2.38R Entry: 110.387 Take Profit: 109.848 Stop Loss: 110.613 Note: Stop Loss was from Exponential Moving Average Period 10 on April 5 2021 at 08:00 Note: Trade in the direction of the break. My initial bias for USDPY Descending Triangle was a buy. But price never broke and closed above the pattern. So, I didn't enter a long position. When price closed below the pattern, my bias changed to look for sell opportunities. In the chart, see price level 110.387. After price closed below that level, I started looking for sell opportunities.
Short
by TradeLive-
PLTR: The Unbreakable Bear Trend?Hello traders and investors! Well, PLTR hit our target we discussed last week! And now it is trading slightly below it. If you missed my last public analysis on PLTR, the link to it is below this post. Let’s see how to proceed. In the 1h chart we have a very strong bear trend, but PLTR is doing something new today. For the first time since it hit the green line at $ 27.45 it has been doing lower highs/lows , a typical trait of a bear trend. But today, it seems it is reacting near the support level at the black line at $ 21.07, breaking the lower highs/lows pattern. This is not official, but if PLTR holds it there, and if it breaks the dual resistance area made by the purple trend line and the 21 ema, we could see a reversal ahead. What’s more, this could be a Double Bottom pattern in the 1h chart if it defeats the blue line at $ 23.03. Now, let’s see the daily chart: In theory, PLTR could drop a little bit more, to the red line at $ 20.18, but since it is doing some bullish reaction in the 1h chart, then that’s fine. Also, PLTR is sleeping, as in the past month the volume has been quite low. At some point, it’ll wake up, we just don’t know when. It is a little too soon to say this, but if PLTR defeats the $ 27.41 the bear trend would be officially over, and this is a natural target for PLTR if it triggers the patterns mentioned in the 1h chart. But now it is too soon to trade it, as PLTR is a very dangerous stock and it is in a very delicate situation. Let’s keep PLTR in our radar and wait for a good reaction. If you liked this idea, remember to follow me to keep updated about my daily studies, and please, support this idea if it helped you! Thank you very much!
NYSE:PLTR
by Nathan_The_Finance_Hydra
15
SNDL: Heading to the $ 3.96? Maybe, with 1 condition...Hello traders and investors! Again, SNDL hit the target we mentioned in our last study. Let’s see how it’ll behave now. First, SNDL did a false breakout from the $ 1.64, and it hit our target on the same day of our last analysis, at the $ 1.47, which was a nice target to aim for, for several reasons. The link to my last public analysis is below, as usual. Then, SNDL bounced back up to the $ 1.64 again, and it dropped. This reinforces the idea that the $ 1.64 is the most important point to keep in mind . And it is not by chance that it is the strongest resistance, and you’ll understand why when we analyze the daily chart. But for now, keep in mind that SNDL is doing lower highs/lows, a trait of a short-term bear trend, and it seems it is heading to the $ 1.25. The earnings report did bring some volatility, but nothing as most people expected. Usually, new traders believe that the price will crash when the earnings are supposed to be bad. These people simply don't know how to apply game theory in their strategy. Now, to the daily chart: The $ 1.64 is the strongest resistance because it worked as a previous top in the past, and above it, there are no other meaningful resistance levels until the $ 3.96. This is why the $ 1.64 has such an important psychological meaning for SNDL. In addition, the $ 1.64 now is a neckline, of a possible Inverted Head & Shoulders chart pattern (green area). This reinforces the idea that if SNDL defeats the $ 1.64, we’ll see it at $ 3.96, as this is the technical target for the IH&S. The only thing we need to watch right now is if we’ll see any good candlestick/chart pattern around the $ 1.25 in the 1h chart, as this could trigger a reversal in the daily chart. Every week I do one public analysis on SNDL, and if you want to keep in touch with my insights, remember to follow me ! And if this idea helped you, please, support it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
19
Unpopular short : GME GAMESTOP CAN DROP HERE SIGNIFICANTLY!Please be careful, though the hype has begun to die down, the tendies served, and the hedgies served up, they must have been on to the reddit gang since they realized (at Melvin) such significant losses. If I were a successful trading firm, media attention + reddit retail + word of mouth would have me SCHEMING to create conditions to mitigate those previously realized losses. Food for thought. That being said, I believe with stimulus news being on the horizon, it is worth noting that maybe it has perhaps priced in this run due to the fact we knew well in advance the unemployment and relief benefits would end at this time. A new higher high, thus a new trend, but the charts want me short here. Maybe build a collar position at this level, or strangle since volatility is guaranteed to continue as Cohen reworks the company.
NYSE:GMEShort
by Z3R0Matrix
7