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Synapsetrading

Facebook (Daily Chart) - Not Looking GoodSince its highs 2 months ago, the price of Facebook has declined about 36%, which is almost 1/3 of its value. This is surely not a good sign. To make things worse, the probability of further decline is pretty high. After forming a double top (it could also become a H&S instead if it forms a right shoulder), the price has also broken the neckline, which by most measures would put it strongly in bearish territory. It will very likely have some sort of rebound soon, but I will be hesitant to buy for the long-term until winter is over.
NASDAQ:METAShort
by SynapseTrading
1
Straits Times Index (Daily Chart) - Where is the Bottom?Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it. At this rate of decline, is there any support or bottom in sight? I generally do not like to do projections, because most projections are just guesses. The best way to know is to observe the price as it moves, then you will know when it has likely bottomed. And for now, it still looks like it can continue to fall. So i will stay bearish and continue to monitor.
TVC:STIShort
by SynapseTrading
EUR/CHF (Daily Chart) - Confluence of Bearish FactorsThis pair is probably one of the best shorts at the moment, with many bearish factors lining up. Firstly, if you zoom out, you can see that it recently completed a bearish H&S reversal pattern, and after a successful breakdown, the price has now come back to test the breakout point. Second, the breakout point is now a support turned resistance. Lastly, prices are resisted by a minor bearish trendline and both the 20&50-day EMAs. I am currently short the full size on this counter. Good luck!
Short
by SynapseTrading