Zecusdt Zed could fall because of -RD in MACD and RSI indicators till 4h support line
—- This analis is not offer to buy or sell —-
Sellsignal
Looking to sell US30 back down to key areas notedYes we are Back.
It's been a while, here is our trade idea on the US30 this afternoon
Lets see what the volatility this afternoon has in store for us.
If we clear the range we see no reason why the DOW cant have another leg down similar in size to the one preceding this shrinking chop box.
BEST SHORT Opportunity in the markets!! SQM SHORT!!This chart is up against ATH and MAJOR Overhead Resistance lines extending back to 1996. This stock has been overbought for quite some time and has continued to move higher while markets have traded generally lower. I fully expect this one to play catch up soon.
Notice the large Yellow Parallel Trend Channel that price broke out of in March 2022. Price has gone nearly Parabolic since then and is losing steam as it hits overhead resistance. Although not shown here the Price is outside of the Bollinger Bands for >5 MONTHS now indicating that price is > 2 STD away from the mean average MONTHLY Price. This is a Reversion to the MEAN counter trend trade with the 1st Target Price the broken Resistance now acting as support. 2nd Target Price would be the Monthly EMA 39.
SHORT Entry = $112.46. SL is confirmation close > $116.78. Target # 1 = $77.64. Target # 2 = $60.43. This is a 8.5:1 Reward:Risk ratio to the 1st Target. Even greater to the 2nd Target.
Trade has a >85% Probability of turning out EXACTLY as described!! See my prior posts on similar setups in AMD and SPX.
EXPE - Descending Triangle - BearishOn the chart of Expedia (EXPE), we can see a descending triangle. A descending triangle is a bearish formation.
The price has already broken the support and is now retesting the support. When the support turns into a resistance a short position can be taken. The price is likely to drop more until it has reached its target.
All further details are shown on the chart.
Goodluck!
ENV Envestnet My Top Short Stocks for 2023Looking at the ENV Envestnet options chain, I would buy the $45 strike price Puts with
2023-5-19 expiration date for about
$1.10 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Bears taking over the USDCADThis is the view of the 4hr time-frame chart, although there are more information to consider from the bigger time-frames, we can see a clean break of structure to the preceding uptrend. the previous low has been broken indicating a possible reversal to the downside. I have marked out my sellzone of which I pray the market pulls back to and then I enter in for a sell trade to the to the last major support zone.
NOTE: Manage risk when entering this position, it provides good risk to reward ratio for big returns on small risk.