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Overbought

ES is due for a drop.So Es is due for a drop, maybe even a significant correction. But this is tough to call because markets only go up don’t cha’ know? Manipulation is tough to trade but I still take small bites of money on sells. And now think we are at a sell spot possibly. ES has been trading in parallel channel of yellow lines. Also this index is overbought on monthly, weekly and daily. Look back at past same such conditions and you see almost always selling off. So that is what i am to do somewhere between now and touch of top of yellow channel. Take a small bite of profit if it drops because today’s markets have so much of a lot of fuel. It’s got to drop big one f these days, and I will be ready for big drop. But I don’t think this is a setup to the big one. I appreciate everyone support and nice thoughts. Miss Bunny.
CME_MINI:ES1!Short
by UnknownUnicorn11430563
We will have another chance to buy it soon! 🤑🤑🤑Ok, WISH hit the 13.80 as we thought it would, and it is below this level right now. That’s fine, now I see the 13 as the next support, and look at the RSI – it is starting to get oversold again! Any reversal pattern around will be a buy sign for us. And this will be perfect, because the 13 is also the 20ma in the 4h chart. The 30min and 4h charts were too overbought recently, and this pullback simply normalizes the situation. For now, we have no other buy sign, but I’ll warn you if we see one! So, keep in touch! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
W
by UnknownUnicorn21312077
2
You must keep an eye on these points now! 👁Just as we expected, PLTR is just flying, and there’s nothing here telling me otherwise. Today we have an intraday consolidation, and this is good, because we have new points to look at. The 27.50 is the resistance we must see broken this week. The 27.01 is the support we don’t want to see PLTR losing. Let’s see the daily chart for a change. PLTR is at an interesting resistance, and if it loses the 27.01, we might correct a little bit. The RSI is quite overbought, and this is another thing that we should be aware. If PLTR loses the 27.01, we might see it between the 26-25s. Then we’ll see. Maybe we’ll have another buy there! Nothing scary. 😉 If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
5
Looking to short ESI look at ES and I can see good short opportunity. This does not meen it won’t go up but I see very big profit for down move short term. Why? - Price is in up yellow wedge - RSI is overbought or close. - price is hitting resistance at up trendline in black which has been tested a lot of times both from a support side and a resistance side. I will take short position if candle close below lower line of yellow up wedge. You can see my price targets in the down arrows and yellow support areas to take partial profit. If price drop down to black support line then I should exit altogether because this is strong demand zone and then a good long opportunity. Happy trading! Ms. Bunny
CME_MINI:ES1!Long
by UnknownUnicorn11430563
6
How to proceed on WISH? 🤓This is just a consolidation. A normal movement that occurs when something did an amazing movement. It is how the market tells us that the stock is resting. There’s nothing to worry about here, and since we are above the 20ma, we are fine, and the momentum is bullish. The 20ma is a support for us here, and it seems WISH will hit it next, before it hits our first target at 15! The entry point was around 12.10, so, I believe it is impossible for us to lose money right now. We are still in a bull trend in the 4h chart, but the problem is the RSI, which is overbought. This makes a pullback more likely, but this doesn’t change our thesis! WISH is bullish, and I’m 100% sure that we’ll see pullbacks along the way, so, let’s just be prepared and be patient! I’ll keep you guys updated, as usual! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
W
by UnknownUnicorn21312077
7
Going according to our plan! 😎Palantir is obeying technical analysis and it is behaving according to the plan. Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout. But we are good for now, and we shouldn’t worry about what didn’t happen. The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we don’t have one, we are ok. 😉 Even if it drops, this doesn’t change our target at 30. I’ll keep you guys update in a daily basis! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
8
We are doing good! What's next for us? 🤑Ok, WISH did break the pivot we mentioned (12.10), and it triggered the buy sign! Now we are off to the 15! Today’s movement was good, but since it was a bit overbought, now it is doing a correction. The 4h chart is starting to show us a good movement as well, and it is easy to see why the 15 is our target (previous top). The RSI is a overbought too, but I don’t see this invalidating our thesis. Maybe it’ll correct along the way, but our target is still the same! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
W
by UnknownUnicorn21312077
3
This one can fly, but let's be careful! 🚀Yes, STNE is doing some good movements lately. It broke the 64, the Bollinger Bands are showing some volatility again, but the RSI is already overbought in the 30min. This means that STNE can drop tomorrow or next week, to the 65 again. We are gaining momentum here, and if we break the 67.79, the 77 is the next stop for us! The problem is if STNE drops to the 64 again, and loses it, then the momentum will be ruined. STNE is doing some interesting patterns around! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:STNE
by UnknownUnicorn21312077
1
Finally hit our target! 🎯Yes, AAPL has been incredible! It hit our target at 131, and now in the same day it hit our second target at 132 and closed the gap. Now, the 131 is a support for us, and it is close to the 20ma. Since AAPL is a little overbought in the 4h chart, there’s a chance it’ll lose the 131 again and seek the 20ma. Also, we are near a resistance area, and this point attracts sellers, even without an overbought RSI. I don’t think it is interesting to buy AAPL now, but this is the place to be careful, and start to sell your trading positions. Long term speaking, yes, I think AAPL is bullish, and we are doing something like a Cup&Handle with a target at the all-time high. Be careful, traders, and plan your trades wisely! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:AAPL
by UnknownUnicorn21312077
4
Looking to short crude oilI am not sure which way oil will be going. What I do see is a good profit goal if oil sells off or pullback a bit. Oil is nearing upper black trendline. This is also the top of an parallel channel. This also means we are close to overbought. You can see my entry for a short by looking at red arrows. You can see a nice profit goal here and if it break under the rising wedge then we have an even more profit. I wouldn’t enter long except where gray up arrow starts above resistance at price high. And if oil is to go up it first needs to consolidate to cool off for next leg up. So really I am only looking right now to enter short on oil if it hits my sell trigger. Comments welcome. Thumbs up is extra welcome! ❤️ Miss Bunny
NYMEX:CL1!Short
by UnknownUnicorn11430563
3
QQQ Historical Fib Chart This will be interesting to see how the next few months go. I have no idea one way or another, I don't really believe anyone does, but this chart is very telling of the runup we had in QQQ with very low interest rates. Once the fed does actually begin moving, I'd expect a sharp drop off in growth stocks that rely on low interest rates if they are not making profits yet. The fed is warning of this as well, so my plan is to put money into high cash flow stocks for the time being and buy back into QQQ once we have a more stable fed rate.
NASDAQ:QQQ
by ATSpain
A trading idea on CRWD! 👍CRWD is one of the stocks that are on my radar, but we can’t trade it right now. Why? Because it is sensitive to the Nasdaq, and if the index drops in the next days, probably CRWD will do it too. I see the 227 as an important breakpoint, that could make the stock reach reasonable levels again, if it loses it. See, the 227 was a top level before, and a support for CRWD. If lost, the 221 is the next stop for it, but I’m not entirely happy with the idea of buying CRWD at this level, especially because it still looks pretty overbought to me. The 20ma in the daily chart is a better place, and I think it’ll hit there. When it does, it could give us a nice trading idea soon! Let’s keep our eyes on CRWD in the next few days, and watch out the 227 area in the 30min chart! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:CRWD
by UnknownUnicorn21312077
Going according to the plan! 👍All right, AAPL almost hit our target at 131! It did exactly what we said in our last analysis, 4 days ago, and now we have a lot to catch up! The problem is that now it is already looking overbought, and this smells pullback to me. It has been in a consolidation in the last 2 days, and the BB are getting tighter now. This is somewhat good for AAPL, but if it loses the 129.30 it’ll drop to the 127.90 again. Apple closed a candlestick outside the BB yesterday, and today the price closed inside it, and this is another pullback indicator. The RSI was almost at the 70, but now it is dropping. If we see the Nasdaq index dropping again, it is easy to see AAPL at 127.90 again, before it hits the 131. Maybe it’ll give another chance to buy, if the right pattern appears around there. Let’s wait and see for more patterns confirming our thoughts. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa
NASDAQ:AAPL
by UnknownUnicorn21312077
Is the economy going to hit a wall?The problem with the worlds economies reopening now is the stock markets already priced in the reopening over the past year with lower inflation numbers and massive QE. How do the markets avoid hitting this inflation wall? Fed says it's "transitory", is there enough QE left to jump this wall? How does one chart "transition" with indicators? Ever chart I pull up is overbought, has to much debt and highly speculative based on future earnings. Leverage is at an all time high along with the S&P. Yields are approaching the limit they will stretch.
CBOE:VIX3M
by SPYvsGME
1
Accidentally day trader! 🤕 What to do now?Nio is impressive! It triggered the buy sign we talked about yesterday, at 43.04 (check my last analysis on NIO), and it already hit the target today! I wasn't counting on that. I rarely do day trading, but sometimes I do it, never on purpose. Yes, again, I’m completely out of NIO, so, I’ll analyze in the most unbiased way. The next pivot point is the 46.26, and if NIO trigger it in the some way it did with the pivot at 43.04, it’ll trigger another buy, but I wouldn’t trade it at all, not even a small position this time. Why? Because unlike the previous pivot, the RSI is at overbought levels, and we aren’t near support. We just hit a resistance today, and the RSI is overbought in the 4h chart too. So now I’m out of NIO, and I’ll remain out even if it breaks the 46.26 again. I’ll wait for the support level. It’ll give us another chance soon. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
2
Gold Analysis - WyckoffHi Traders/Gamblers, This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown. We have hit our target area for gold as shown and stipulated. Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution taking place. This then means that gold is currently experiencing the opposite as it heavily relies on the USD to determine price action - DXY effects gold at around 2 - 6 times the movement (1% movement on DXY makes 2% - 6% on Gold, depending on sentiments and trend). Gold could be potentially distributing here as it has reached accumulation cause and effect, or Stage 1. We now wait for the other stages to be completed to fully confirm a downtrend which would see significant downward movement - possible into the 17xx or 16xx. This however could also be a re-accumulation into a further upward trend, giving us 2xxx, it is important to note that we could still see 1960 as a point of UT or UTAD before going down. RSI has broken upward trend and is currently bottomed out on Daily chart showing that we could range for a little more, however MACD is topped out and has crossed over signalling a reversing trend in the near future. Volume is decreasing, creating a base, showing an exhaustion of demand and buyers and the possibility for sellers and supply to take over. With CPI being released tomorrow at 1:30pm (UCT) this will be a good indication of where the market will stray, we are hoping for a lower low giving us SOW and then retracing back up to give us a last point of supply before heading down. Once we have received the SOW and the LPS we will then be able to use the point and figure chart to determine a target objective based off of cause and effect. It has been said that Russia are wanting to dump the dollar and invest in euro and gold which could possibly mean that Russia will sell off their gold positions and look to add more at a cheaper rate of gold - emphasising again the significant downtrend we could see along with a big spike back up once target is reached. To read up on the Wyckoff method and the phases, stages as well as buying or selling signals read here: school.stockcharts.com Good luck. **This is not financial advice** Chart is made shareable by clicking this link: uk.tradingview.com
OANDA:XAUUSDShort
by Username_for_trading
4