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(Boeing) BA Short I believe we could see a short term price decline in the BA stock. This might be a good opportunity for a short term bearish/short trade through stocks or options. The price has been on a long term downtrend, since approximately Nov 2021. Making Lower Highs and Lower Lows. I have attached an image here of the BA chart on Daily candles, along with several indicators that give us high probability of a bearish price action. Through my analysis, I see the following: 1. BA June 28th 2022 price action created a Bearish Hammer The price opened at $140.89. After the open the price went up to the daily high of $147.18. At the high the price hit the top Bollinger band where it bounced off and reversed towards the downside. The bears then drove the price down to the daily low of $138.54 and shortly closed near the day's low at $138.70. The price closed below the open price signifying that the bears have won for the day. 2. The Bearish candlestick pattern is cutting through 3 key resistance levels. - (Resistance 1) The Bearish Candle is cutting through the key moving average at which point the BA price has rebounded from in the past, as per the circles areas in the chart with arrows pointing to them. This MA served as a resistance several times in the past and it is where the wick of the bearish hammer candle is now. - (Resistance 2) The Bearish Candle is cutting through the horizontal resistance shown by the blue dashed line. - (Resistance 3) The Bearish Candle is cutting through the top Bollinger band, which is a resistance point and indicated the the price is overbought. 3. The Stochastic are showing an overbought condition, and in addition the black stochastic line just went below the red stochastic line, indicating a short term bearish price action is possible/likely. I intend to enter the short trade and have 2 target profits in mind, marked by TP 1 (@ approx $131) and TP 2 (@ approx $131) in green lines on the chart. This will depend on the risk:reward ratio and aggressiveness of the bearish price action. It is worthy to note that BA made a high high on this last bullish wave, however in order to confirm the short term trend change, we would need to get a high low next (hopefully at TP 2 price level point, which is also resting on the lower Bollinger band). This is just my analysis and created for entertainment purposes. This is not and should not be taken as investment advice. I am not recommending this as a trade to anyone. Please do your own research and make your own decisions.
NYSE:BAShort
by BojanCerberus
SOL PERSONAL ANALYSIS IN THE SHORT TERM (UPDATED)The total evaluation for the SOL asset is bearish. Please be reminded that the price action displayed is quite similar to the previous updates in my profile ideas, but with considerable amount of differences involved. All fundamentals behind the market structure shown below are explained in the BTC and ETH chart. Thank you. Here are the analyses for the decisions, structure and trend below: ------------------ Pattern Analysis The asset itself has been developing a higher-high rejection from a very obvious point of past support now-turned resistance 40-42$ level and a breakdown to the 31-33$ is very likely to be expected. A right shoulder is also possible to show a re-test of that high just to confirm the failure to sustain any bullish bias sending the price to the original support down to 25-27$. There is a slight resemblance of a descending triangle, but the most likely pattern to associate the current market structure with is the Head and Shoulders Pattern. The HnS is normally a bearish pattern that is further amplified with negative fundamentals and low volume. An invalidation point of such pattern is when the current downturn towards 31-33$ has served as support for another leg up potentially breaking 40-42$, however it has to be supported with proper volume and fundamentals or else it would just be deemed as a manipulation wick for market makers to grab liquidity from stop losses and overleveraged shorts. ------------------ Wave Analysis The price flow of the structure projected is NOT RANDOM but is mimicked similarly to past previous references of such market structure behavior especially after a significant downturn. When the HnS is confirmed, the support around 25-27$ would most likely NOT be broken down very easily and just like our re-tests above, the support will now be continuously re-tested multiple times until a further breakdown is established. The reasoning for such higher edge of a breakdown is the negative fundamentals in smart money markets and as well as other crypto related issues (exchanges withholding funds, etc.) When we meet the support again, we will have a very tight consolidation from 25$ to 33$ until we break down. The 200 Day MA will possibly intertwine with the shorter moving averages at its tightest range and this is a potential manipulation ground for market makers to squeeze in either direction. A personal tip is to wait for confirmation on the breakdown or breakup before re-entering positions even IF the MAs fully crossed together. ------------------ Trade Analysis The initial short trade is shown to have a potential of up to 1:3 Risk Reward Ratio with the stop loss being the highest point of the HnS pattern which is exactly 43$. There will be 2 open short positions which 1 will be used to take profit as early as dropping to the 31-33$ region and another position that will be held until it drops to 25-27$. If in any case that the 31-33$ level has acted as a consistent demand level, you will not close your 2nd short position until it hits the original price you shorted from at break-even (no loss except for fees). You will re-evaluate your options then before entering the same short position again with the same target being 25-27$. The second set of short positions is shown to have a 1:2 Risk Reward Ratio with 43$ being the stop loss area and the first take profit level will be around the 25-27$ region with the latter being around 15-20$. The reason behind ignoring the take profit level at 31-33$ level is that will already have served as resistance. As I mentioned before, a consolidation pattern will happen at the bottom of the range before a further breakdown. It is carefully advised to not revenge trade at any cost nor do you overleverage beyond what you think you cannot afford to lose, the key to leverage is to prepare yourself mentally and emotionally on what you think you can tolerate to lose WITH RESPECT to your profit and loss calculations, liquidations, time tolerance and fundamentals. If you liked the chart above and the analyses provided here, do not forget to like, follow and share this idea to your friends! -Wamses
Short
by Wamses
EUR/USD SELL(SHORT) - FURTHER DECLINESEUR/USD is a recommended STRONG SELL — Rally Overlays: - Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level) - Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels) - Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high - Fibonacci Level 61.8% — 1.06147 - Fibonacci Level 50% — 1.06475 - Price will break trend reaching this level but still be a lower high in comparison to 2x previous high - MA30 level — 1.05868 - MA60 level — 1.06274 Sub-indicators: - Stoch RSI strength in downside momentum, deep in oversold territory, moving averages cross above and slightly sloping upward confirming the accumulation for a rally in this downtrend - CMF — shows major strength in participants participating in the distribution phase of this currency pair. Well below the CMF mid point level.
Short
by charrison4300
EURAUD Short trade ideaEURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up with a nice 61% fib retracement so ill be taking short trades if price rejects this area once again.
Short
by jamison_fx
Bitcoin is thinking of falling more ??Hello dear friends ------------------------- Bitcoin is thinking of falling more ?? As shown in the chart, based on my analysis, this is likely to happen and the next floor will form around 22,000. *********************************************************************************************************** I hope you enjoy this analysis and find it useful. ******Appropriate entry points for supports and resistances according to the chart******* If you like this idea, Please Follow me and do not forget that your likes and comments are very important Thanks dear friends. Be generous and rich.
Short
by EhsanMalekII
BTC - Current momentum in favour of the bears#Btc is currently consolidating at @38,800usd but looks primed to fall to an established 30k support zone as indicated on the chart, seeing that it has fallen out of a full year’s ascending channel and has been rejected twice on it’s attempt to make a re entry back into that channel. There’s been no major news for btc that’s strong enough to drive a strong momentum upwards and there is extreme fear in the market as of today, hereby shifting the momentum in favour of the bears. Unless some unforeseen events occur as soon as possible to bring back confidence for the bulls, expect the bears to create a strong descent in price as the 29-33k support is currently looking like an enticing prey, so take note my loves. I wish y’all a profitable trading! This is NOT investment advice. Trade with caution.
BITSTAMP:BTCUSDShort
by thefitprogrammer
1
Bitcoin, free fall to 37 k?Hello dear friends Bitcoin, free fall to 37 k? According to my analysis, this is a strong possibility. If that happens, Bitcoin may test lower targets, but there is still no reliable data for what is likely in the distant future. I hope you enjoy this analysis and find it useful. ******Appropriate entry points for supports and resistances according to the chart******* If you like this idea, Please Follow me and do not forget that your likes and comments are very important Thanks dear friends. Be generous and rich.
Short
by EhsanMalekII
12
Shooting Star on USDCAD weekly 8 Feb - 5 Mar 2022Alright, apparently USD is losing grounds against CAD. Breaking 1.2689, which it shall probably will, open way to 1.2600 and 1.2500. Huge shooting star (inverted hammer) on weekly timeframe, with marketing stabilizing itself from the sudden spike on oil last week. Chances are, we might actually see Loonie Dollar struggling between 1.2600 and 1.2700 for the upcoming week. Keep in mind the entire picture and levels on the chart, avoid long positions, happy trading and Best of luck.
Short
by Uzi-Trades-Forex