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Downtrend

US 30 FALLThe analysis suggests a potential selling opportunity for US 30 (Dow Jones Industrial Average) on the daily and 4-hour timeframes. On the daily timeframe, a selling entry zone is identified between 39,800 to 39,950 points. This range represents a level where significant selling interest has historically emerged, potentially acting as a resistance zone for the index. Traders often look for such areas to initiate short positions, anticipating a downward movement in price from these levels. Additionally, on the 4-hour timeframe, a fresh selling zone is noted between 39,590 to 39,650 points. This zone represents a recent area where selling pressure has been observed, indicating potential renewed bearish momentum for US 30. The trading strategy includes setting a target of 130 pips, representing the expected downside movement in US 30 from the identified selling zones. This target suggests the anticipated decrease in price from the entry zones to the desired profit level. Furthermore, two target prices are set to manage the trade effectively. Setting multiple targets allows traders to lock in profits at different levels and adjust their positions accordingly as the trade progresses. In summary, the analysis indicates a potential selling opportunity in US 30, with selling entry zones identified on both the daily and 4-hour timeframes. Traders may consider entering short positions with the expectation of a 130-pip downside movement, aiming to capitalize on the potential price decline from the identified selling zones.
PEPPERSTONE:US30Short
by MOAZAM1133
Downtrend Reversal? Buy the Dip!NASDAQ:AAPL As you know the justice department has issued an Antitrust suit against Apple. This news is going to cause a downtrend in the stock, as expected, because of reaction to the news. However, we can expect a reversal sooner than later. Apple is at $172.28 as of 03/22/24 Buy until $168.52 Price target(s): $174.27, $178.79 (expectation of a downtrend if the price retraces from this high, it could encounter resistance because traders may be ready with sell orders here)
NASDAQ:AAPL
by eakosah
Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward. Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop. Don't get overexcited and be ready for any scenarios!
Short
by CryptoPAMM
4
ETH, Where to Buy the Dip ? ETH is most likely correcting 5 years up going wave ! is the correction over? Most probably NOT. ETH at ATH more than likely completed an impulsive section of a wave cycle and currently is in the corrective section. Normally in simple form, corrections have 3 legs with two legs down and one leg up in between. As shown on the chart , it is very possible for ETH to be in the third leg of the ABC form of correction (C) after completion of first two legs (A and B). ETH got hammered at 50 % Retracement of down going wave A which is acceptable and also typical for a zigzag correction. If we skip some unusual types of zigzag correction, ETH should normally make a new low at lower Retracement levels shown on the chart. So, Our " Buy the Dip " targets will be 1863 and 1046 USD corresponding 0.618 and 0.786 Retracements of 5 years up going wave respectively. After end of correction, if we are going to have a normal ascending wave cycle , there will be a shining chance to invest on ETH. It may see some unbelievable targets above 10000 USD ! I have to emphasize what has been discussed is the most probable scenario . We know that waves, especially in corrective phase, can take many complicated forms. Should it need any update, we will provide in appropriate time. Hope this to be useful and wish you all the best.
COINBASE:ETHUSD
by SaeedSajedi
7
NIO - more downside soon? Target 5.50I am following NIO with one eye, now switching to two eye. Even though NIO could have a bright future for the long run (years), I see more downside incoming. The formed head and shoulder within the symmetrical triangle broke to the downside (breaking also the triangle), and as expected retested the HOS neckline (and the triangle). As expected, it got rejected, also bumping into the 200 SMA (4hr)with a huge rejection, confirming it is still in a strong bear-trend now. We are also way below on the 200day SMA, and also the 200week SMA. On the weekly, we are loosing momentum, but some upside is expected on the short-term. I assume (but price actions will tell), this short term uptrend will help to finish the smaller formation on the new Head and Shoulders, which I highlighted with paintbrush in white. Currently, we are in the consolidation zone, chances are, we are going up a bit to create the top of the right sholder with the target of 9.40-9.60, then going back down to the consolidation zone. Also, there is a possibility we have a very shallow right shoulder almost formed already, going down directly, I will wait for confirmation. We are also below the 9day&15 day MA, and also below the 21day EMA. All theese will possibly be huge resistance. Very short-term : uptrend target - ~9.40 Short-term: downtrend target: ~8.80 Low Mid-term: downtrend target: ~8.00-7.70 High Mid-term: downtrend target: ~7.10 Long-term: downtrend target: ~5.50
NYSE:NIOShort
by tommtajlor
94