Short_setup — Trading Ideas on TradingView

DISNEY - DIS is not what Disney needs right now Yet another corporation gets a swirly in the public toilet by woke insanity leadership. Like the rest they endure a public lashing on social media, they cry for Argentina and then enact a public relations dream job. An orgy of pseudo-viral internet hype, resurrected leadership nostalgia for the stock holders and good ol' fashioned base-demographic pandering. In Disneys case and actually the same for any company that follows this form of "Hail Mary" Redemptive Marketing Protocol... it is a whole lot of planning and talking and a whole lot of packing, to ultimately go nowhere at all. After watching one after the other of these corporations go through this process of self-destruction, it makes me wonder if we are witnessing a "controlled demolition" of sorts. The repo market situation right before The Pandemic, The Money Printers Going Brrrrrr, The "Transitory" Inflation Period, The Fed Rate Hikes, The Regional Banking Crisis and The Final Hurrah, just around the corner, possibly culminating in The Debt Ceiling Crisis and The United States Defaulting. I don't know and its hard to say but I cannot think of one person who truly has their finger on the pulse of this market and that is probably because we are not getting all of the information, which would fill in some of the blind spots out there right now and the reality of things would probably be painfully obvious, rather than whatever you want to call the the market since the first of the year. These are just some thoughts I have been having and the only narrative I can piece together in order to explain what we've been witnessing recently. It is not in my nature to be such a Bear but if I am honest with myself, I cannot help but see major Red Flags in practically every single chart. If things play out in any way close to what I am seeing, we are in for lost decade and the end of things as we know them.

Update on current top and next bottom Following up on last week. Analysis said the short-term top would be 4 days according to most models. Outside chance of 9 or 11 days too. We never convincingly went down yet. The current top would be B's 9th full trading day. This would mean the CPI report may not be positive for the market as applied to the last analysis. We still need a drop of some days. A longer B would make the final C down even longer than the first projection. I don't think we bottom before CPI. This also means we must break below the original end of wave A which was 3764. We could lose 200 points this week I have plotted the Minor waves (yellow letters) inside of Intermediate B as I see them in this moment, however Minor wave C looks short at one day long (if it is indeed over). Based on historical data for waves ending in BBC I plotted the quartile movement extensions for Minor wave C based on the data in Minor wave A. The median historical movement would put the top around 3903.038 and the third quartile would be 3909.768. The current top from January 6 is between those two levels. Additionally, the potential lengths have strong agreement at 4 days, second most is 2 & 3 days, third most is 5 days, and then 1 day. The majority of models are pointing to another possible high early in the week, but based on the large movement from last Friday, Minor wave C and Intermediate B could be over. Time to clarify Intermediate wave C and the end of Primary wave B. The original levels are all still valid. My narrow call for a bottom is between 3625-3675. The only new variable to consider is the length of Intermediate wave C. Based on waves ending in 2BBC, Intermediate wave C could now last 6, 11, 18, or 26 days. Based on waves ending in BBC, the most models agree on a length of 6, 12, or 18 days. Second most is 5 days, and third most is 7-11 days long. Based on a broader dataset for waves ending in BC, most models agree on 5 and 15 days. Second ties at 12 and 18 days. Third is 4, 6 and 9 days. Fourth is 21 and 22 days. Next is 8, 10, 13, 14, 16, and 24 days. My original projection from last month was a bottom around January 25 which is 12 trading days. January 19 would be 8 days, and January 17 is 6 days. Compared to the volatility we have been experiencing and have the CPI report likely to play some roll in the drop, 12 days seem too long. With 6-8 days found as a favorite in the models, I will plan for seven days long for now. VERDICT: I am short in the short-term (to January 18), long in the medium-term (Summer 2023), and short in the longer-term (1st quarter 2025). For the bottom pending more data it is possibly around January 18 below 3650.

Sell Setup DOW Price is under bearish divergence. There is strong resistance on the way. If we get one more top on MACD histogram near the trend line and the resistance zone marked on the chart preferably with a false break we can go short. Final target would be the 50% of the whole move

USDCAD bearish setup forming The plan here is very simple but it might require some patience on your side. 1. Wait for bearish convergence to be formed 2. Wait for double wave correction 3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern) Target 1: 1.4300 Target 2: 1.4150 Stop Loss: Above the last high created before entering a sell trade or above 1.4700.