AMD (Advanced Micro Devices) stock price has been in a weekly downtrend, and is currently seeking a lower-low in the price. If quarterly financial earnings and news this year are not satisfactory, AMD stock price could test support levels to the downside. Bearish Price Targets: $85, $75, $65. Head-and-shoulders chart pattern confirmed, loss of $100 price...
EUR/CHF finds strong support at 20-DMA, break below to see more weakness Price action finds strong support at 20-DMA, break below will drag the pair lower. Momentum has turned bearish, RSI has slipped below 50 mark. Stochs show bearish momentum.
Caught a downtrend of an AUDJPY for homework for Forex Mastery Institute (FMI) so that I could mark up the primary, secondary, and minor waves.
downtrend because of btc dominance and when btc price stables the alt's go up right ? so correct my ta. still learning and gaining knowledge unto others ideas careful long, wait for btc to calm down not financial advice im just a regular MF lets get that bread remember big fish is no a small fish. smile :P
Not sayin this is going there, but it could snap off just like that. Breaking the support TL is a BearMarketSignal IMO. Trade with care, or stay in cash. 'Finishing move' could be Initiation Impulse... BottomFishing can kill you... sucks to be Wrong! GLTA!
DIA is in a down trend, and that is the path of least resistance (as Brian Shannon likes to say). It's been on a fierce downtrend for the last few days, and looks likely to go sideways and/or test resistance before continuing down.
BNX is breaking the downtrend and breaking out of the ichimoku cloud this can be a good trade as the next resistance is at about a 10% distance from the current price I'm entering if I see a good close of this 4h candle let me know what you think or if you see anything I didnt see!
RUNE is breaking the downtrend and as it usually brought the price to good moves up, I'm entering the trade for a 10% (almost), if I see a good 4h close with good momentum and volume let me know what you think about this
The trend and squeezing , announcing about more to bearish on oil. but be careful its hot place to rejection for midterm.
Hello traders. The price action is going down. It shows a lot of band resistances on top of the price, and also it shows pretty good volume to keep the downtrend. Important take a note about this. Check the trend, and confirm the downtrend when the prices bounce on Pivot Point down up. Controlling that the market doesn't reject the levels. Indicator MA 200, 20-8...
Price is coming from forming a larger head and shoulders Now it has been creating lower highs and lower lows While also showing bear flags Now we see a small rising wedge hitting prev. Resistance which confirms our moves to the downside
Banknifty in downtrend and in weekly chart may get support at 30500 levels if down side breaks 35000 levels in coming days. it may come in end of may and first of June if trend continue.
$UVXY looks primed for a move to the upside. Looks like a double bottom and a breakout bull flag may push this to 17 tomorrow, which will push the market a little further into the darkness temporarily. If this holds true then it will give more truth to our 432-428 target on the month for the $SPY.
Outlook As EUR/USD continues its push to the downside, we can actually see the highlighted box which shows a large rejection wick on the daily chart. Soon after, price has pushed off of that level and carried its downward momentum. Technically speaking, the move to the downside is quite straightforward and highly probable. However, there is quite a bit of...
Hello everyone. It's been one months since I published an idea titled 'USDCNH testing policy bottom of Chinese Government'. Definitely, 6.35 is policy bottom which explained clear in the related idea below. However, it kept going down until it touched 6.30. It was very interesting to observe the huge volume . I suspected government intervened as whole figure...
Market in Downtrend on 4H and Daily timeframe. We wait for a Pullback and rejection around FIbanocci 0.5, 0.618 levels. If the market behaves on our plan then it's a perfect Short (Sell) Trade. . Note: Not financial advice.
Gold continues to trade lower despite minor profit booking in US treasury yields. Global stock market- bullish (Negative for gold) US dollar index –Bullish (negative for gold) Technical: The near–term support is around $1938, violation below targets $1919/$1900. good to sell $1960 SL $1980 TP $1890.
Lower high retest of resistance and rejection... Simple, Standard stuff. Yes, I know, I have AUDUSD longs placed - with good reason. AUDUSD is a clear uptrend structure on daily whereas AUDCAD is a downtrend structure on H4. We can infer that CAD is very strong and USD is bearish. If we also examine USDCAD we can see there is a lot of bearish momentum on the...