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DROP

Market to Drop SoonThe overall stock market is expected to drop in the near future. This will either happen Tuesday or Wednesday. The S&P 500 has some historical trends based on the indicators and trends in the indicators. With help from the Elliot Wave analysis we can see that wave 3 has nearly fully formed. But lets look at the indicators and historical trends. If you look at line A where in the past the RSI reached above 70 and only lasted 8 hours until it dropped. At Line B the RSI has just been above 70 for 2 hours. Does this mean we have 6 hours until the next decline? 4-8 hours is a more appropriate time range and that is just a couple of trading days. I have evenly reduced my personal portfolio today to lock in profits and not let my portfolio take the hit when the market drops as I am focused on hyper aggressive growth. When the market drops I will buy back in just in time for my portfolio to continue growing. Comment thoughts below!
SP:SPXShort
by Myantman101
4
CHFJPY: SELL OPPORTUNITY The CHFJPY pair has undergone a remarkable decline, plummeting from its recent March high of 147.55 within a span of fewer than 8 hours, and shattering both the M15 and H1 supports. Based on MY analysis, I anticipate further downward momentum, with a projected decline to the 142.331 region. This outlook is reinforced by the breach of the H4 uptrend channel to the downside, indicating a possible bearish trend. We may witness a marginal retracement to the broken H1 support before the anticipated drop, or alternatively, a direct move towards my target.
Short
by Samuel124
ETHUSDT: Support at $1.3k according to the Fibonacci RetracementIn this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in Ethereum's case, we see that the price dropped all the way from 1.7k to 1.1k in only four days after reversing in the Golden Pocket. The price also received support at 0.5 (price at 1.5k), 0.382 (price at 1.4k), and especially at 0.236 (price at 1.3k). Following these observations, we can expect the current price to use 0.236 again as support before rallying at least to the nearest resistance 0.382. Also, pay attention to the Relative Strength Index (RSI) to see any overbought signals (ETH is overbought if the RSI goes above 70. The market will then correct the price shortly by bringing it down. However, if the RSI oscillates between 50 and 70, it is a sign of a healthy bullish trend). Yanak
by YanakTrading
4
Support Resistance Analysis Says Sell GBPUSD In Coming YearFor years GBPUSD has been testing its lows. Since 2007 a huge drop has been seen in 2016. Where it has consolidated between 1.22396 and 1.36845. Recently in August of 2022. For many, we could see this potential drop, while others expected a pullback and continuation of the sideways move. Let's look at what actually happened. The lower resistance zones around 1.22396 was clearly broken in the month of August 2022. In December GBPUSD retested the previous resistance. The prediction based on this is a short/bearish movement. Since this is a never seen low, I can not identify how far it may drop.
Short
by tevingg
DGSTACC: MACRO ANALYSIS OF QQQ / PENNANT FORMATIONIn the chart above I have provided a simple analysis on what can be considered for when it comes to the overall market. 1. Pennant Formation is provided by taking higher lows and lower highs with a point of convergence. 2. If followed through Pennant path can force price action to previously seen pre-covid times. 3. This would in fact validate a completion of GOLDMAN SACHS 340 market bottom prediction for SPY if QQQ is to fall to 240. Note: This Macro chart will be used for reference and complete a more micro analysis of QQQ.
NASDAQ:QQQShort
by DGSTBROKERACC
SHORTING GBPUSD For the short term LOLKey: Orange bars= Take profit Areas Blue bars= Key areas Overview For the long term I believe that this pair is going to be bullish. However, in the short term I think that there could be an opportunity to hop on and get in on the retrace down to the 1.1930 levels, because that is the last place where price stopped at, and it also lines up well with the Fib-retracement tool. The Plan Currently price is in a mini consolidation. I am going to wait for price to break and retest my lower key level (1.2060) before getting in for a Sell down 1.1930, the orange lower level. Plan B If you fail to plan you plan to fail . In the case that price doesn't break my lower key area , it could go long. If it wants to go long I will wait for price to break and retest my upper key area (1.21500) before getting into a buy up to 1.2250. * I have also set up alerts around my key areas so I can be ready for price when it gets there. Information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Short
by Rob-ert-Na-than-iel
GRND IPO POP then DROPOn the 15-minute time frame, the price action is decidedly bearish over the past couple of days. Gauss filters downward. The Ichimoku resistance against a reversal is thick. Price has dropped more than 15% each day. The RSI indicator shows dismal strength and no signs of divergense to herald a reversal. I am in this as a short seup and have profited well taking a partial each day. Option plays are not available. Once the bear trend burns out, this will be worth looking at for a slow uptrend. So once the relative strength drops to below 25% or some bottoming wicks and Doji candles appear on the lower time frames, I will look to take the profits and trade the uptrend. ( this may bounce up from the POC of the volume profile as a reaction to support. ) PLAY the VOLATILITY !
NYSE:GRNDShort
by AwesomeAvani