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Lowerhighs

Follow The Trend On this 30min chart showing price history over the previous month, we can see that NIO is in a down trend. Lower highs and lower lows Besides the basics, Guth 3x confirm gives a sell signal while MACD shows we are at peak bull strength which means we should see bears regain control of this bearish trend. Today is critical! If we see a new high, then this could be the start of an uptrend or if it drops, we can expect the trend of lower highs and lower lows continuing. This analysis is based on candlestick trends exclusively Comment your thoughts below
NYSE:NIOShort
by Myantman101
1
NIO: Trading inside a range!Hello traders and investors! Ok, NIO behaved exactly as we thought it would, and it did the “worst-case scenario” we discussed last week. The link to the previous analysis is below, as usual. In the 1h chart, it lost our previous support level at $ 37.54, and this made NIO just seek the next support, at $ 34.85 area. In addition, NIO is in a short-term bear trend, doing lower highs/lows , and the 21 ema is above the price (pointing down). So far, we have no clear reversal sign, but we are above a support level. Let’s look for more clues in the daily chart: The problem with NIO is that it is inside a congestion , but we have multiple supports/resistances to guide us. It is quite easy to trade ranges: You buy near supports and sell near resistances. The question is, will NIO stop at $ 34? Or will it seek the $ 32? We can’t tell for sure, as we lack any confirmation. But the volume is looking good already. We have been talking a lot about volume lately, as when NIO drops, it drops with low volume, but when it finds a bottom and starts going up, the volume increases. Yes, we have some weird signs that are more than enough to make us skeptical about any bearish movement, but again, we need more confirmation. This is the key for a good trade here. If you liked this analysis, remember to follow me to keep in touch with our daily studies, and support this idea if it helped! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
5
GBPCAD Lower Highs On The H4 ChartLook for trade opportunities on the H4 Chart, H1 Chart, on M30 Chart. Particularly, look for a series of lower highs for a sell. Look for lower highs moving into a support level. And for price to break and close below support level. Then support level will turn resistance after the close. In this example, GBPCAD broke and closed below trendline support. GBPCAD retested support turned resistance level with pin bar / rejection candle. After the pin bar / rejection candle formed, price dropped. The Target Price will be the next support resistance level which is 1.69656.
by TradeLive-
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-
Bearish Divergence for Bitcoin?In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times. Notice on the RSI the blue downward sloping resistance has caused lower highs to form, meanwhile, the price of Bitcoin is trending sideways and downward, we could see another re-test of the green upward sloping support before a breakout to the upside. On the KST there is a noticeable bullish cross. The DPO is in an area where BTC has seen rejection numerous times over the previous several months, the red line has basically called micro tops fairly accurately, however, the sell-offs are moderately short-lived.
COINBASE:BTCUSD
by ScotianBot
USDJPY Descending Channel| Daily S/R/|Low Volume|RSI EquilibirumRepost** Evening Traders, Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries. Points to consider, - Trend bearish (consecutive lower highs) - Daily S/R breached (Resistance) - Oscillators equilibrium - Low Volume We can conclude that the immediate trend for USDJPY is bearish due to consecutive lower highs. This will be proven otherwise upon a bullish break of the channel. The immediate structural resistance is the Daily S/R, any rallies into it is considered a bearish retest until proven. Both oscillators are trading in an equilibrium, this is indicative of volatility drying up before an impulse move. Volume is clearly below average, expected in consolidations, an influx will directly correspond with price movement. Overall, in my opinion, USDJPY is trading in a descending triangle thus path of least resistance is bearish . Therefore short positions are valid with risk being defined. Price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work! And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Short
by AzizKhanZamani
3
$10150 - $10400 (bull trap territory) - market psychology&fomo=Yurlo (Please go ahead and tap that like button for the calls & free content I provide) 👍👍👍👍 I've been watching these markets very very closely over the past few days, and I don't trust these little pumps we've been seeing. I think that the market makes have been pushing the price up slowly above $10000 just to get bulls thinking that "the bottom is in" so they start accumulating this area to falsely paint a narrative for an "upcoming bull run" when the REALITY of things is that the yearly high might be in & thats just the reality of things. Since August 17th we've seen lower highs on (ltf) & (htf) which only tells me one thing: the charts are BEARISH. September 7th the downtrend within the downtrend (mini) which started on September 3rd was breached and reached a local high of $10400 BUT is still a lower high until we break $10600. ALSO Since September 7th: the picture & prediction I've painted for the pumps & dumps (mini) we'd see before actually losing $9950 for some time have been playing out. I think we're in the marker psychology phase of traders attempting to "catch the bottom" when we've been at this level trading since September 3rd? Do you think really think market makers like Arthur Hayes are going to let degenerate new traders 100x "the bottom" at $10100 area? I don't think that's quite how the markets run in terms of market psychology, this all seems like a trap to me & I'm expecting $9600 to get hit, as well at $9197. i've got a target of $7850 if we lose $8800. Enjoy the rest of your week, I'm not making any more posts until we're under $10000.
COINBASE:BTCUSDShort
by Yurlo
37