The semi bubble is popingI've seen so many patterns like this one.
Present times seem to offer a rather good short entry.
Needs confirmation or tight SL
XSD trade ideas
Automatically identify chart patterns using built-in indicatorsHey everyone! 👋
⚠️ Before we get started, please know the information about expected price targets provided by Auto Chart Patterns isn't a recommendation for what you should personally do. Do not take this data as investment advice. It should only be used for education and research. As with any trade, always look first and then leap. Read more in the Terms of Use .
That being said, let's get into it.
This chart showcases a few of the Automatic Chart Patterns indicators recently announced in this blog post . If you are a technical trader who relies on chart patterns to make trading decisions and hold a Premium TradingView plan, check them out. They automatically identify these popular technical setups:
Bearish and Bullish Flags
Double Bottom
Double Top
Elliot Wave
Head and Shoulders
Inverse Head and Shoulders
Bearish and Bullish Pennants
Rectangles
Triangles
Triple Bottom
Triple Top
Falling and Rising Wedges
You can add the indicators to your chart from the "Indicators, Metrics & Strategies" search window by selecting "Patterns" from the "Technicals" tab in the left pane and choosing an indicator from the list:
Once you have selected a chart pattern, the indicator will automatically draw it on the chart for you when it detects the pattern.
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Short Semi's Kospi leading the way, weak forward guidance on NVDA has confirmed the huge divergence. $XSD already on this 200 DMA and looking like it might compress and fall through. Applying general global macro consensus, the declining commodities prices and liquidity being taken out of EM will also trigger a decline on imports from Korean's largest trading partners, which will also likely slow down semi's. Beware of all long market positions and contagion.
XSD AMEX:XSD Semi's to $75 by New YearSemi's look like they are playing out a nice dip before the next run up. Trading in a nice channel and I've been doing a lot of reading on semi's that has my interest peaked for this holiday season. I'll probably enter this tomorrow with a stop loss in the $62 range. If I do get stopped out, but price re-enters the upward channel shortly thereafter, then I'll reenter.
Semiconductors Short TradeAs you can see, we are way above the mean. RSI has been OB for too long on the weekly chart... it is time for a retracement. I am not in trade yet, waiting a couple more days for confirmation.
