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EURUSD Is Very Bearish! Short! Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.116. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.099 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Salesforce (CRM): Potential bearish flag formingOne of our members asked for an analysis on Salesforce ( NYSE:CRM ), and we've taken a closer look at it. Initially, it's a bit challenging to see the full picture, but if our Elliott Wave count is accurate, we marked the end of wave (2) at $115.29 after establishing wave B, which was exactly between the 127.2% and 138% Fibonacci levels. It appears that wave 1 was put in with a new high slightly above wave B, taking out the resting liquidity (likely due to profit-taking and closing of long positions). Following this, there was a 33% drop, and here's where it gets tricky. Normally, we would expect this decline to continue, suggesting that the current rise is merely a relief pump. However, wave ((a)) perfectly touched the HVN POC, which indicates a slight chance that this could be the bottom. That said, we still believe that a continuation down to the 61.8-78.6% Fibonacci level is more likely. Zooming in on the blue-circled area, we notice a textbook bear flag pattern developing. While we don't typically trade based on chart patterns, it is difficult to ignore this one given its clear structure. It becomes even more significant if there is a wick above the upper trend line of the flag, which could trigger another sell-off by taking out the liquidation levels. Such a wick would also fully close the gap and enter our targeted area where we anticipate a possible reversal. To be clear, we are not trading this bear flag pattern or the targeted area just yet. Instead, we are using this setup as a means to validate whether our bearish outlook is correct or not. We’ll continue to monitor the development closely and provide updates as we gain more clarity.
NYSE:CRMShort
by freeguy_by_wmc
2
McDonald's (MCD): Time for a Correction!We predicted it back in March, and sometimes you have to give yourself a pat on the shoulder when things play out exactly as expected. A little over six months ago, we said that Wave (A) would likely hit $245.88, and what did we get? $244, which is less than a 1% difference from our target. After that, the stock surged by 24% to what now seems like another high. Now we find ourselves back at the range high, and we must treat it with caution. Since March, we've been hoping for this exact scenario to unfold, but we're not ready to jump into a short position on NYSE:MCD just yet! The rise has been pretty strong, and we're seeing the RSI hovering around the overbought area. Given this price level, we could either see a smaller pullback before heading higher—possibly up to the 127.2%-138% Fibonacci extension—or NYSE:MCD could fall lower after losing the mid-range level. In both scenarios, we would like to see lower prices as we still haven't concluded Wave II. We’ve zoomed in on the chart now, but whether we’re right or wrong, we’ll zoom back out to reevaluate when the time is right. This serves as the perfect reminder that good things take time 🚀.
NYSE:MCDShort
by freeguy_by_wmc
4
EURUSD Technical Analysis! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1159 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1115 Safe Stop Loss - 1.1185 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
QQQ A Fall Expected! SELL! My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 486.76 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 468.18 My Stop Loss - 497.10 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
4
NATGAS Trading Opportunity! SELL! My dear friends, My technical analysis for NATGAS is below: The market is trading on 2.921 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.748 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
1
GBPUSD My Opinion! SELL! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.3413 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3389 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
AUDUSD Will Fall! Sell! Take a look at our analysis for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.689. The above observations make me that the market will inevitably achieve 0.676 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
CHFJPY Will Go Lower From Resistance! Short! Please, check our technical outlook for CHFJPY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 169.213. Taking into consideration the structure & trend analysis, I believe that the market will reach 167.705 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Good Risk to Reward Short on HENYSE:HE just finished a $558 million equity offering (Their market cap was around 1 billion), selling 54.05 million shares at $9.25 per share. They will use this to fund 1 of 4 payments for the Maui wildfires. The stock held pretty strong, but we also had a decently strong market last week. Considering the dilution and likely further share offerings it has a decent chance of maintaining it's low PE and with the new shares on board that would price it closer to 7. The price action from this week gives us a really nice risk NYSE:HE reward setup, and we can either just stop over the wicks of the last 4 daily candles or if we want to swing for a longer move stop at the 20 ma.
NYSE:HEShort
by sliceofbytes
1
CHFJPY Set To Fall! SELL! My dear subscribers, My technical analysis for CHFJPY is below: The price is coiling around a solid key level - 170.13 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 169.05 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
SILVER What Next? SELL! My dear subscribers, SILVER looks like it will make a good move, and here are the details: The market is trading on 32.019 pivot level. Bias - Bearish My Stop Loss - 32.765 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target -30.844 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
2
NAS100 Will Go Down From Resistance! Sell! Here is our detailed technical review for NAS100. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 20,137.3. Considering the today's price action, probabilities will be high to see a movement to 19,371.7. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
PEPPERSTONE:NAS100Short
by SignalProvider
6
CADJPY Will Fall! Short! Take a look at our analysis for CADJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 107.379. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.107 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Gold can break support level and continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that some days ago price rebounded from the support line of the upward channel and rose to the 2550 support level, which soon broke it. After this, the price tried to grow and some time traded higher, after which it made a correction movement to the support line of the channel, which is located inside the support zone. Then price turned around and continued to rise to the current support level, which coincided with one more support zone, and when Gold reached this level, it at once broke it. Next, the price some time traded near this level inside the support area and a not long time ago rose to the resistance line of the upward channel. But soon, Gold rolled down and in a short time declined to support the area, so, I think that Gold can make a move up and then continue to decline next. Also, I expect that XAU will break the support level and fall to the support line of the channel, therefore I set my TP at 2615, which coincides with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2