NASDAQ:GOOGL here looks weak to me trying to reclaim it's support of $175-$180. This is on my watchlist for a short term short, if this name tanks back into the $150's I will load everything I got for the long side. I see this name in a downside trend currently in a rising wedge with declining volume, buyers can't hold it up much longer. It's retested that support on 3 or more daily candles and hasn't busted through. I expect this name to drop into a support zone of $160-$165. I will look to enter puts off a retest of $176-$178 area keeping the stops tight. WSL.
https://www.tradingview.com/x/5zQAmrfC/ Hello,Traders! EUR-USD is trading in an Uptrend and the pair is Locally overbought so after The retest of the horizontal Resistance level of 1.0942 We will be expecting a local Bearish correction Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
short setup for Ethena. bearish div breakdown on MIL:ENA m15 time frame.
Trend: Major Trend : Bullish Minor Trend : Retracement Note: Here is my alternate EW counting for XRPUSD. If the ATH is considered Wave (III), then the current price movement looks like a triangle to form Wave (IV) in 5 abcde waves. Let's see whether the price is fluctuating in that triangle or not. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
Yes, I used the brush and drew that juicy cup and handle. I don't know, friends, this one looks really good for setup to long. Part 1 was posted just before this give it a glance. The EMA and SMA used here was the 50 and in the previous chart was 200. WSL
I wish you could post multiple charts in the same size so you can see and I don't have to post twice. I looked at the D and W. This name should see it's IPO highs at some point this year, with the volatility it could be sooner than later as well. Resistance, in my opinion, looks to be $80 zone, a psyche area as well -- dating back to 3/2021, 1/2022, 2/2022, and 2/2025. Looks like $45-$50 which was once resistance now flipped to support. It touched the 200sma and riding the 200ema. & There almost seems like a huge cup and handle formed on the weekly as well... interesting. Also, look at the earnings on NASDAQ:AFRM ... lmao. Monstrous. WSL
This analysis is about Gold, I am looking a big Future Crash. May be gold can touch 3000 but eventually it falls down very soon. Gold first target is 2970 and second 2817/15. Mark my words and save my analysis in your phone because XAUUSD will falls very bad. If you have physical gold than sell it now is a good price but if you are willing to buy than hold on till 20 April than Buy it.
The US Department of Justice is still calling for Google to sell its web browser Chrome, according to a Friday court filing.  The DOJ first proposed that Google should sell Chrome last year, under then-President Joe Biden, but it seems to be sticking with that plan under the second Trump administration. The department is, however, […] © 2024 TechCrunch. All rights reserved. For personal use only.
Gold (XAUUSD) has had a nice bull run but now is time to be a bit cautious. After making an ATH of $2956.13, price pulled back but since then, attempts to recapture the ATH and break out to the upside have failed. Recently price has been ranging in a tight space as shown in my H4 chart. I am not saying that gold will not go higher, just that I would not like to be caught on the wrong side of the market. Caution advised.
Hey guys, Going to post just a written idea and just give you a summary of the data. The math levels are in the chart above. We are in a pretty strong downtrend on the hourly and daily as you can see from the Tradingview Linreg tool. The reference target on the week (yellow line) corresponds to retracing to the top of the range, from there we see either rejection or a breakout. Projections have spy retracing/selling -2% on the week from where it opens on Monday. Best fit bullish target on the week: 583.69. Best fit bearish target on the week: 569.32. Expect retracement to 572 range on Monday. SPY and SPX broke the 200 EMA then reclaimed it. This is actually not a bullish sign, traditionally during pullback we would expect ultimate support at 200, not a break and reclaim. More on that in the details that will follow in this idea. We are seeing a ton of selling volume and almost an absence of buying volume (more on that in the bulk of the idea). We have now adopted the bear market forecast from my annual forecast projections I shared earlier this year (more on that in the bulk of the idea below) The relevant EMA targets are visible in the chart above. Great, now that the summary is out of the way, let's go into a few more details about things and stuff. First for the DRAMATIC! Let's talk about the bear market. Oh yeah, I'm saying it, BEAR MARKET. But I don't actually know if we are heading for a bear market. What I mean by bear market is, if you followed my annual outlook at the beginning of the year, I had R generate 2 forecasts for the year, 1 Bullish and 1 Bearish. I did this as I discovered this was something that other quant firms do, and anything they can do I can do better :-p. So at the time we had been not really following any forecast, but the assessment was bullish based on closest proximity to forecast, just meaning the trend looked more like it was following the bullish forecast, but not really well. However, that has since deviated for some weeks, and we are not having a really huge and strong match for the bear market forecast. Let me share this with you below: https://www.tradingview.com/x/cWLryyK9/ As you can see, we are bouncing where it says we are to bounce and we are selling where it says we are to sell. And the correlation and distance measures are now happy because this trend is actually following the projection. But please understand that I am not saying we follow this to end of year; because frequently I see from looking at other forecasts like this, we can flip between trends throughout the year. But as of right now, we are following the bear trend. Based on this trend, we could see a bit of a bounce going into next week; but mostly a tame consolidation period before a pretty drop again in the following week. This is just based on this trend analysis. Now volume! I like volume, since my little volume forecast that I was very dismissive about in my last video idea called the complete collapse this week, I think I will be more attentive in the future ?. I usually share my fancy 3D volume profiles on my videos. Unfortunately I can't share 3D stuff on a written idea, but I modified a similar function to actually create a heatmap and breakdown the actual composition of the volume, so is mostly buying, selling etc. The more red, the more selling the more green, the more buying. Here is the volume composition at various intervals: https://www.tradingview.com/x/ZCe7GCHS/ https://www.tradingview.com/x/fTwevNDW/ The implications of these plots are to probably be short biased towards the 585 range, as there is a ton of recent selling in this zone. On the larger look (25 days and above) it has been all selling for a quite a while. I know some other traders using OBV have pointed this out that, for a while, volume has been very tilted heavily in the bearish direction, hence why SPY was at a stand still at the recent highs, but you can really visualize the reality of the situation with this function/plots. Another thing we can see from these plots is that there is not enough buying happening currently to really sustain a huge bounce. However, like I said before, volume can decide to show up whenever she wants! You can also see a lot of trapped bulls in the volume, who were buying at highs. EMA Nonsense All eyes were on the EMA 200 this week. People betting their life on the 200 EMA bounce. There was a fake breakdown and then recovery. But let me tell you my little trader love muffins, its not bullish. I quickly created a function to just scan when we cross below the EMA 200 and then close above it, how often do we end up actually giving it up and falling and closing below it, how long does it take and what is the anticipated decline from this happening. And by god, R always delivers. Here are the results for SPY, SPX, ES1!: https://www.tradingview.com/x/nuluIU5l/ When looking at the results, good to know, the length of the data contained. For SPX, n number of data points = 24932, start date 1871-02-01 For ES1!, n number of data points = 6955, start date 1997-09-09 For SPY, n number of data points = 8082, start date 1993-01-29 The data tells us that we can potentially see a 2% bounce to the upside next week. However, the overarching bias of these results actually align well with the annual assessment, which has this upcoming week as consolidation before another drop (with the average n days elapsing between the initial test of the EMA and the loss of the EMA being 8 days, bringing us to losing the EMA 200 next week). That is the data. I have no opinions. In this idea, I am just sharing the objective data, you do with it as you wish. As always, not advice, I do really strongly encourage everyone to position defensively and be careful! Safe trades to all!