So I have shorted the S&P on the 4 hour due to this pattern:
Very nice break, and as you can see on the 4 hour we have YET to make a lower high swing in this downtrend move. Trends are composed of multiple swings.
I do like what I see on the daily chart. When an instrument has moved down close to 3% in a day, it is likely over extended. I can see a bounce...
As you can see MATIC experienced a severe drop to the upward trend line but then rebounded ~100%, dead cat bounces are a great way for swing traders too make money if they are paying attention..
What a week we had in crypto market!!!
Our target of $6650 was met precisely! I mentioned that we should expect $500-$1000 candle, and we had 500$ move couple days after.. :)
I expect consolidation of some sort to be seen before bullish rally.. Orange box is consolidation zone 0 if we close above on daily - longs can be opened with best R/R ration...
Ever since bitcoin topped it's been in this big broadening falling wedge that has had one fake troll-breakout after the other.. this pattern is now huge and the bounce that it calls for is just getting bigger and bigger with it..
I don't think it's safe to long at this point at all, but I am starting to suspect the real breakout might actually be close this time,...
Hey guys!
So our HTF short is going nicely. Let's also try and play a dead cat bounce setup now!
I am grateful for comments, likes and shares. I can also be found on twitter @PonziThy!
All the best,
ShortThyPonzi
We seem to be confirming another downtrending resistance line that suggests that we are yet again in an even bigger falling broadening wedge , but the pattern that we are currently in within that wedge is a bearish rising broadening wedge , so if i had to guess I would assume this big line of resistance will be broken pretty soon, the price will move up within...
Long for today, short for the week.
Don't be fouled by the news. It is a bounce of the dead cat
We say: Buy the news, sell the rumours, but the invert is as valid. Buy the rumours, sell the news.
Today is a good opportunity to cut a bit... 1/4, 1/2... You know how you'll be comfortable.
Just a reminder: Even if a real deal is done and the interest is reduced,...
Good day Traders
Bitcoin has been battling with our DMA50 resistance, is now printing hidden bearish divergence on the daily, and we have potential for bearish DI cross looming.
The recent short squeeze managed a 38.2 fib retracement after our drop from our 24 December swing high, so I have a 168.1 fib extension target of $2780 if we fail to get above DMA50....
The market entered an important zone of resistance, formed by important support levels in the past. It is also failing to break through the 180 MA, where it has been rejected many times during this recent downtrend. We have also formed a double top, with bearish divergence shown on the RSI. As soon as we break resistance at 6530 with force, it will be a good short...
The healthcare company develops a corrective structure after a bearish move started on Dec, 03. The close below $42 could activate a bearish move that should dive to PFE to the area between $38.89 and $37.59. The RSI oscillator suggests more downfalls.
Hello traders.
Going to open a short position around this 4170 area at the next 4hr red candle for several reasons :
- We are around a 0.786 Fib Retracement from the previous 4.4k top and 3.1 bottom which is a key level for reversal.
- We are making a nasty bearish divergence on RSI, MACD and Stoch, they have proven their worth during this bear market.
- It...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
Targeting a short-term bounce on GE here, typically these blue chip stocks when in heavy over-sold territory at a minimum show some short-term recovery when fear and PERCEIVED risk is high. Good opportunity to play the bounce here.
Disclosure: I have no position in GE.
On January 18, EURONEXT:FR stock price was around 66€, close to its all-time high. 9 months later, Valeo has been almost divided by 2 with the formation of a very specific type of technical price pattern. The "Dead Cat Bounce"
As defined by Helen Alpino, the dead cat bounce comes a time in a downtrend when bear traders decide to take profit. Bull traders...
![BTCUSDT: BTCUSDT Dead Cat Bounce [Binance]](https://s3.tradingview.com/9/98yklgJr_mid.png "BTCUSDT Dead Cat Bounce [Binance]")
