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Overbought

$AMD Laying Down Tracks on HUGE Volume Today$AMD - A volatile day today for Advanced Micro Devices after the launch of a new Radeon server card specifically for data center virtualization. Up over 10% through mid-day, only to retrace heavily closing up around 5% on the day. Once this latest hype cools down I expect some further retracement back out of overbought territory with a couple gaps to fill in the $22-$24 range. Volume today of ~320M very impressive to say the least. To put that in perspective...that's essentially the population of the US. It's also about 100x the volume on $AMZN today. Note: Informational analysis, not investment advice.
NASDAQ:AMDShort
by Triple_Barrel_Capital
1
GBPUSD is Forming BEARISH CYPHER - Potential for Reversal!Hey Everyone, In our previous analysis we bought GBPUSD with optimal targets hitting now we'll sell it for a correction, Small targets, Formation of Harmonic Pattern - BEARISH CYPHER Identified on H4 chart as well as slightly overbought price action and hence we'll be shorting GBPUSD with these preferences, GBPUSD SELL NOW or 1.29227 STOP LOSS - 1.30017 TARGET - 1.27472 More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Short
by BloomFisher
6
EUR/AUD - Time to go ShortHello traders, We are looking to short EUR/AUD soon. RSI overbought on all timeframes and a retracement is needed soon. This trade has 2 TP so 50% lot on each target. SELL from the sell box, and target should be reach by end of the week. I will update this trade soon! Also i have now a FOREX SIGNALS Telegram Group, wich is FREE, on wich i provide multiple signals a day, news and provide you with Forex content. If you are interested in joining my group for more trades like this, be sure to hit me up in my DM or comment below!
Short
by RodrigoFAC
7
EUR/JPY - A great opportunity to go SHORTHello traders, As you have noticed EUR pairs are extremely overbought and altough theý are bullish now a retracement is always needed. As this is a risky week to trade watch out for your risk managment and We are going for a moderate high RR ratio. I have detected a bearish divergence on RSI on 2HR time frame and some movement down is expected. I will update this trade soon! Also i have now a FOREX SIGNALS Telegram Group, wich is FREE, on wich i provide multiple signals a day, news and provide you with Forex content. If you are interested in joining my group for more trades like this, be sure to hit me up in my DMs or comment below!
Short
by RodrigoFAC
Dollar Movement for Upcoming WeekHi traders! Last week must have been quite a nasty week, isn't it? The dollar was moving strong and steadily and suddenly, it just kept heading south. I must admit I was also too caught up in the dollar domination mentality, but with good risk management, it did not hurt my trading account much. This is why risk management is so important despite a trader has a very good trading skill. Because events like this will hit you one day, and risk management is here to prevent you from losing more than what you should and allows you to recover and reanalyze the market to make a better trading decision. So why did the dollar head south? It was not without a good reason. The answer is simply overbought. The volume of trend harmonically is about 2.3 dollars, and this time around, it has hit 2.7 dollars, about 0.4 dollars more than the usual. There could be more retracement during this week as the dollar has yet to find a landing place for a good support, but will find one very soon.
TVC:DXY
by AlgoVenture
ETHUSD 4H WILLIAMS %R MOMENTUM STRATEGY SHORTStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by  a Series of LL.  The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing high point that is lower than the previous swing low. While a lower low is simply a swing low that is lower than the previous swing low. We all know that the trend is our friend, but without momentum behind the trend, we might actually not have any trend. In order to gauge momentum besides reading the best forex momentum indicator we also look at the actual price action. Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower  End of the Candlestick   A common concept in technical analysis is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Step #3: Wait for the best Forex Momentum Indicator to get overbought (above -20) and then rallies below the -50 level before Selling.    We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an downtrend, we sell after the best forex momentum indicator has reached overbought conditions (above -20) and then rallied back below the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator that real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best forex momentum indicator continually stays in oversold territory (above  -80 level) it signals a strong momentum and conversely a strong trend. Inversely the same is  true in a uptrend.  Step #4: Place Your Protective Stop Loss above the Recent Higher High We want to hide our protective stop loss above the most recent higher high level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent higher high. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #5: Your choice how to Take Profit or Tke Profit once we break below the Previous Lower Low  A trend in motion can stay in that state longer than anyone can anticipate and since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure respectively a break above the most recent lower low. Alternatively, you can take profit once the best forex momentum indicator breaks above the -50 level. Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy.  Use the same rules for a SELL trade. In the figure below you can see an actual SELL trade  example.   
BITFINEX:ETHUSDShort
by Tradingstrategyguides
2
Dow Looking DownAs we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion. Furthermore, take a look at China's primary index (Hang Seng -- HSI) on the Monthly chart. A very similar pattern occurred there before the heavy selloff that we are seeing now in China. Could definitely see some turbulence ahead. But as always, no guarantees.
DJ:DJIShort
by tyler_sim
1
USD/CHF - Wedge + Bearish Divergence + RSI OverboughtAfter today news USD went crazy high, and now it is time for a correction. I see some bearish price action in the charts, and we should be coming down soon. Do not use a big loss as this is still a risky trade. U can go for a bigger SL if you wish too, volatility is still high. What is your opinion? Do you agree? If you like my trades, dont forget to leave a like or comment below! :D I will update this trade soon, Mr.TTT
Short
by RodrigoFAC
4
TSLA at the Top of Fib Levels. Short Anyone?I feel that I could write a book on the many reasons to short Tesla fundamentally; whether for the intense cash burn, lack of production know-how and legal and mechanical issues, but this becomes easier when the stock is a clear short situation. Here, TSLA is clearly at the top of their Fib levels and is seriously overbought according to the RSI. Even in a bull market, these kinds of setups make even the most ardent bull fear for the short-selling army. Not only does this trade look good in the short term, but it very well could be a position to hold for a considerable time. Know, however, that there are chances that when TSLA runs out of money there very well could be a buy attempt by another firm, so needless to say this trade is not without risk and profits should be taken accordingly. Disclosure: Disclosure: I/we have no positions in any stocks mentioned, and have no plans to initiate any positions in TSLA within the next 72 hours.
NASDAQ:TSLAShort
by jgree107
Trading levels for 06/12/2018FED DAY WEDNESDAY 06/13/2018. Hello everybody, here are the levels for trading on Tuesday, currently there is a little more volatility in the markets, let's hope and it stays like that throughout tomorrow's day. Moving forward if market keeps pushing higher we have some resistance at 7240 to 7260, after that, it would be ATH. We had no trades on Monday, market didn't move to our entry pivotpoints, let's see what happens tomorrow. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
CME_MINI:NQ1!
by UnknownUnicorn253835
Waiting for that NFLX ShortNetflix risk is very high and reward very low. Worst of the FANG stocks for sure. Netflix has almost doubled this year with no mean reversion or accumulation of volume A pullback on netflix could see it lose 75% of its value if it returns to weekly volume node. I wouldn't usually short such a big gainer as NFLX, but the opportunity could present itself if it continues to rise as a parabola could short when that parabola breaks. I would watch for major momentum shifts downward, blow off tops, and break in upward trendlines to find long-term shorts with good R:R. Somewhat unrelated but if the global market goes bearish long term, Netflix would see the largest downside of the FANG stocks. I am not doom and gloom on the market or anything. I think finding some short opportunities both short term and long term is a good way to keep capital safe from unexpected market swings so we should always keep it on our minds and allocate some earnings to bearish plays when opportunity arises. By the way. Great alternative to NFLX in entertainment space is DIS: - Netflix net income: $671 million - Disney net income: $11.5 billion - Netflix market cap: $160 billion - Disney market cap: $149 billion Disney is at major support here, and a break down from a symmetrical wedge on the weekly is unlikely. Disney is generally safer being long established and dividend stock, but especially safe and bullish right now per its chart.
NASDAQ:NFLXShort
by autemox