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Overbought

Zig-Zag Path to ATH?Just an idea. Every correction has been a zig-zag since 2015. Last year the zag came in late October. Cycle this year seems to lag a week behind. Time bars suggest this rally maybe near end move. Not saying that gap at 360 will fill, just that it might fill, it's a price magnet TBS. Price could consolidate and pivot again anywhere between. Some kind of pullback is likely in next week to ten days IMO. Gone overbought, had some rough news, gapped down and closed that gap; Expect further selling soon IMO. Been wrong once before, this is definitely not advice, DDD, GLTA!
NASDAQ:QQQShort
by DaddySawbucks
11
Imminent Drop For CHRW?Based on historical movement, the peak could occur anywhere in the larger red box for which we are due. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 19, 2021 with a closing price of 97.56. If this instance is successful, that means the stock should decline to at least 95.8 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.929% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 6.523% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 12.32% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 13 trading bars, and one-quarter require at least 25 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:CHRWShort
by StockSignaler
GBPUSDWe are at a crossroads with GU. Not seeing where its time to sell. If you observe the daily it could just be a pull back to push higher. If you look at GJ (correlated Pair) you will see that its over extended and the could retrace heavily. If you look at the DXY support was formed as well News Confluence as well, where the EU said the are still issues with Brexit deal ("far apart on the big issues" involving Norther Ireland) Scientist also say UK should resort to Plan B in Covid measures (Covid Case rising) So there are a lot of sell confluences. But the market is still KING, still following price action.
by GUgod876
ETH- Double Top at Supply Level- UpdateMixed emotions on ETH here- Double top formed on the daily timeframe right at an RSI-Based supply level as well as a bearish ABCD Harmonic pattern formed on the 2 and 4-hour timeframes (2-hour Chart Below). RSI overbought on every timeframe besides the daily timeframe, which is nearing overbought territory as well. However, does seem to be forming a larger ascending triangle, likely will see a bit of a pullback and some consolidation before another push to new highs. Bearish short-term, very bullish long-term- Just some FIB levels and RSI-based supply and demand zones to keep an eye on **See Previous Charts Below** 2-Hour Previous Charts
KRAKEN:ETHUSDShort
by jacobosiason7
Market Set To Drop, NTES With It?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 22, 2021 with a closing price of 102.24. If this instance is successful, that means the stock should decline to at least 99.35 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 6.51% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 10.27% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 16.765% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 22 trading bars, and one-quarter require at least 30 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:NTESShort
by StockSignaler
Zig-Zagging?!Every correction since 2015 has zig-zagged. Going again? IDK, but eerily close to dates, peaked on 12, sold to 28 Oct 2020. This one is running a week behind, looks like we peaked 10/21; to confirm on Fri 10/22, ERs tanking FB, SNAP, INTC techs overnight; if double top is in, might expect weakness until ~5 Nov, if the zigzag pattern repeats. Bull trap?! Not saying that it will, just something to think real hard about before you go plunging long IMO... at insanely overbought RSI; GLTA! This is not only not advice, there is no position indicated and no strategy (not short, definitely not long!); just pure tutorial, enjoy! PS the overlay is Sep/Oct 2020, amazing how it fits, even the little retracements on 21-24 Sep and 11-13 Oct are precisely timed...!
TVC:SPX
by DaddySawbucks
7
CADJPY heavily overbought will have a correction before rising Hello Traders Here is a new Sell Opportunity, Very overbought , this pair needs to fall before rising again 💹CAD/JPY ⏬SELL ✅ Entry @92.500 or below ✅TP-1# 92.400 ✅TP-2# 92.200 ✅TP-3# 92.000 ✅SL# 93.200 My Forecast : This Pair Will fall , RSI is critical. But there is a risk to go up further with this pair (careful) JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Don't hesitate to write comments.
Short
by jamdejam
ES at 0.62 Fibo: Lower Soon?!Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction, TBD. Thursday's nutty wild bull price action feels like a blowoff top, confirm it Friday IMO. Fade the Gap didn't play on 9/23, perhaps it will 9/24? Looks like a Pumpndump forming atm. Watch for short covering in Power Hour Friday! Trade with caution! GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
23
HLI to take a breather?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 24, 2021 with a closing price of 95.39. If this instance is successful, that means the stock should decline to at least 94.85 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.084% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 3.597% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 6.123% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 31 trading bars, and one-quarter require at least 38 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:HLIShort
by StockSignaler