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Downtrend

Final crash is coming !We have so many confluences on this set up : 1) We can see a rejection of the higher band in the descending channel. 2) Another rejection of the 618 from the past impulsion. 3) Friday the Jackson Hole summit of the Fed provides us negative news fundamentally, Hikes IR -> investors will change their positions from equities to Bonds or most simply Banks. And even more investors will buy USD (wait and see $€). 4) Technically, the bearish divergence on RSI is not a good signal to buy. 5) Even tough, the price still have power to reach the final target. 6) We have a daily Head&Shoulder. 7) Moreover, seasonality is with us, because over the last decades, usually September has been a negative month. To sum up, we have at least 7 confluences and fundamentals are clearly bearish with a hawkish monetary policy from the Fed. Let's look for an entry point now !
CME_MINI:NQ1!Short
by Aksel_trader
LINK PERSONAL ANALYSIS IN THE SHORT TERM (WOW, POTENTIAL!)The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't see any extreme dumps for a while considering how the SP500 and the NASDAQ (despite their mega bearish scenario) will often retrace before a further dump. Please be mindful of your risk, go to sleep with a stop loss so you won't suffer any forms of insomnia or paranoia. --------------- You like the chart? That's great, use it! Bookmark it, save it -- its yours, for free. Don't forget to comment, share, and boost the post!
KRAKEN:LINKUSDLong
by Wamses
1
Update DAX; Tangible effects of romance.The DAX is moving according to my previous analysis for now. After touching the cloud on W1 and closing under the KIJUN in June, it is slowly, but steadily moving in a downward direction. That week, the price tested the KIJUN W1 again. In addition, on MN1 it is also bouncing off the KIJUN. For happiness it needs three arguments: price closing under the KIJUN MN1; price closing under the TENKAN W1; price closing under the D1 cloud. Friday's speech by Jerome Powell could get in the way. I have it in my head that there is still time and the Fed may still want to pull the markets out before the end of the year. But, even if that happens, I will only move my downward stance forward. Q4 2022 and Q1 2023 should bring negative data for the market - unemployment and persistent inflation. Germany has serious problems: rising inflation; rising ECB interest rates; the search for alternatives to energy from Russia. If bad unemployment data come on top of this, the DAX may not hold very high. That aside; I already have my first position at BE (price: 13877). If I hear a more 'hawkish' attitude from the Fed on Friday, I'll be looking for a top-up.
XETR:DAXShort
by Manticore_Investments