Tradeoftheyear
$ABNB Doomed: Stock to $50 (-50%) NASDAQ:ABNB Doomed: Stock to $50 (-50%)
Occasionally in your career, you get a really clear signal. The technicals, fundamentals, and narrative all line up perfectly.
I dislike this company, its business model, and the fact that it enables even more Boomers and private money to take family homes off the market. The hosts are adversarial, controlling, and almost certainly spying on you.
Airbnb can only thrive under the halcyon conditions of low interest rates, easy money, and consumers with disposable income. None of this is true, or likely to be true in the coming 24 months.
Americans are declaring bankruptcy at record levels, real wages haven't been lower in a lifetime, and inflation has reduced vacations and luxuries to a trip to McDonald’s. Not joking—a recent headline declared that nearly 80% of Americans consider McDonald's a luxury.
Many hosts are overburdened and overleveraged with mostly vacant properties. Unsurprisingly, hosts' profitability is sinking, and as soon as we see home prices or consumer sentiment start to shake, many of these owners are going to sell. This will fuel a spiraling doom-loop, driving the stock down to as low as $50 by next summer.
The trade: Rejection at the lower highs of '22 and '24 (in yellow) has set up the rising wedge we just broke down from. In the same way rejection at $200 in '22 saw a -60% move, I believe rejection at $170 this year has set us up for another leg down in a precipitous drop.
Short from $125 to about $65. If you're not already bearish and short, look out for a bounce and gap fill to $120ish, before brutal rejection below $100. Get some popcorn; it’s going to be wild.
GOLD - Long-term Swing to $2500Hello traders!
This is an area where I have been expecting gold to fall for a long time.
Since the price has reached the POI, I will wait for additional confirmation to go long to $2500.
This is the idea of swing/position trading (very long term). It can also be considered as an investment idea.
However, the risks must be calculated and you must have a proper plan in place before any execution.
This is the first POI from which the price can potentially turn bullish.
If we don't get a confirmation and the zone fails to hold, the 2nd POI will be monitored.
Good Luck!
DISCIPLINE
Strive for patience, perseverance, determination, & rational action.
Limit your losses, use stops.
Never cancel a stop loss order after you have placed it!
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
Preparing for Takeoff ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AAL has been overall bullish trading inside the flat rising wedge pattern and it is currently approaching the lower bound / red trendline.
Moreover, the zone 12.5 - 13.0 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As AAL approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
(Episode #556) GBPAUD - Bullish SharkThis is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart.
The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right, more than 1000pips of profit potential.
Personally, I will be watching this trade closely in the lower timeframe for a trading opportunity. This could be my trade of the year.
Our 2021 Trade of the Year: Big Short at 1,23We had a LOT of Very nice calls in 2021 and few bad ones.
If one had to be picked for a favorite, that would be the Perfect Short on the World's most Tradable Asset : the EURUSD
Yes crypto is fun. Making calls and watching an asset doubling in value in 1 week is awesome (it happened with a few crypto posts this year).
Getting the PERFECT entry for a BIG TIME SHORT on the World's number ONE asset though? This is just AMAZING!
To be continued in 2022 with many similar entries. Just keep in touch fellows
One Love,
the FXPROFESSOR 🦉✍️
Trade Ideas Analysis: AUDUSD Double TopA check back on the retracement of the double top setup gave an opportunity to engage the trade.
At the blue trendline, it will be level I'm observing if a break below and close below the trendline is going to happen, for that I'll leave it to the alert set on trading view.
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This might be the trade of the year.
Trade has engaged.
Trade Ideas Analysis: EURJPY Structure BreakThis might just be the highest risk trade ever. Counter-Trend Traders who are looking for a buying opportunity may just have their chance. I'm waiting for a major retest at 116.22 area, if the candle break and close below 116.22, worst still 116.12, the bear run is going to happen.
You might be thinking, short then. Well, just look at that strong bullish candle that got me to exit the trade that I was holding(check the link below). What goes up fast, have a high tenancy of retest.
Trade Ideas Position: EURJPY BatMultiple setups formed on multiple timeframes. The weekly chart bullish bat, daily chart, bullish shark, 4-hourly and 1-hourly bat and M15 emerging bullish butterfly.
I can easily call this the royal flush, can't I? I can't stress more on how important is this trade setup means to me and to the market. It might be one of the most important counter-trend trading opportunity.
Trade Ideas Position: EURJPY GartleyA bullish deep Gartley form on the 15-minutes timeframe. Have to wait for the candle close and confirmation before engaging in this trade. Patience is required.
If a break and close below D then I will be waiting for the previous low at 116.39 to engage the trade as a bullish crab.
Trade of the Month: EURJPY BatA bullish bat setup on the 1-hourly timeframe provides a great trading opportunity on the EURJPY, not just it holds a great support level if gives the opportunity to engage trade with much lower risk and higher returns.
It is a rare opportunity and should be missed. It could be the one trade you need this year. Trade plan ready for our community, check out the link(3) to be a part of this.
GBPUSD W1 Chart, Trade of the YearEarly this month I've shared in seminars that GBPUSD is heading towards 1.4630 range. Didn't know what's going to push it higher, could it be -
1. A raise of interest rate,
2. UK decided to throw another referendum after gotten the EU deal and vote result is not to leave the EU or
3. They got a good deal from China and or US and form strong trade relation
4. EU situation got worst and shows that they had the right move?
This is a similar anlaysis I did in Dec 2015 when I spotted GBPUSD is going to nose dive to $1.10-$1.20 range without knowing they are going to call for a referendum for Brexit.
Follow us closely as we are looking for opportunity to long when the market has make a good correction, hope we still have the chance to.
Let's earn more together this year!