Long
Weekly Heikin Ashi EMA Golden Cross
5 Days till Weekly close, it means go and/or stay long if the Heikin Ashi Candle stays white. If so then a Weekly EMA Golden Cross confirmation is very likely within one week or two.
The monthly supports a long idea with many technicals and beyond.
Private Published Chart:
The monthly supports a long idea with many technicals and beyond.
Private Published Chart:
Note
The EMAs are much smoother with more Data, yet the Golden Cross works with less too.Private Published Chart:
Note
Lower timeframes for more insight:4h Chart
4h Snapshot
Note
Daily snapshot - left normal Candles | right Heikin AshiBullish: above green EMA support and above EMA 300
Bearish: MACD and RSI, Red Daily Heikin Ashi
4h snapshot
Bullish: above EMA 50 & 100, Heikin Ashi
Bearish: below red EMA resistance, Adam & Eve pattern, RSI
Note
Potential Chart Pattern WeeklyBullish: RSI , MACD , Heikin Ashi, Trendline Support and Resistance break
Potential Bullish: unconfirmed EMA Golden Cross
Bearish: Below strong Resistance level
Potential Bearish: unconfirmed MACD Histo
Note
3 days till Weekly closeWith a rating example for trade decision making:
Weekly snapshot:
Weekly Long when (max:7): 4pts
RSI out of Red _x
MACD Histo rising _/
MACD Torys Trendzone red _x
Heikin Ashi confirmed _x
support price level _
EMA support _/
No EMA Resistance _
Daily snapshot:
Daily Long when (max:7): 2pts
RSI out of Red _
MACD Histo rising _
MACD Torys Trendzone red _
Heikin Ashi confirmed _
support price level _x
EMA support _x
No EMA Resistance _
4h snapshot
4h Long when (max:7): 2.5pts
RSI out of Red _
MACD Histo rising _x
MACD Torys Trendzone red _
Heikin Ashi confirmed _
support price level _x
EMA support _/
No EMA Resistance _
Note
2 days till Weekly closeDaily snapshot:
Daily Long when (max:7): 2.5
RSI out of Red _/
MACD Histo rising _
MACD Torys Trendzone red _
Heikin Ashi confirmed _
support price level _x
EMA support _x
No EMA Resistance _
4h snapshot:
4h Long when (max:7): 2.5
RSI out of Red _/
MACD Histo rising _
MACD Torys Trendzone red _/
Heikin Ashi confirmed _
support price level _x
EMA support _/
No EMA Resistance _
Note
1 day till Weekly closeDaily snapshot:
Daily Long when (max:7): 2.5pts
RSI out of Red _/
MACD Histo rising _
MACD Torys Trendzone red _
Heikin Ashi confirmed _
support price level _x
EMA support _x
No EMA Resistance _
4h snapshot:
4h Long when (max:7): 4pts
RSI out of Red _x
MACD Histo rising _x
MACD Torys Trendzone red _/
Heikin Ashi confirmed _
support price level _x
EMA support _/
No EMA Resistance _
Note
Weekly closed:Weekly Long when (max:7): 4.5pts
RSI out of Red _x
MACD Histo rising _
MACD Torys Trendzone red _x
Heikin Ashi confirmed _x
support price level _x
EMA support _/
No EMA Resistance _
Daily snapshot:
Daily Long when (max:7): 2pts
RSI out of Red _
MACD Histo rising _
MACD Torys Trendzone red _
Heikin Ashi confirmed _
support price level _x
EMA support _x
No EMA Resistance _
4h snapshot:
4h Long when (max:7): 4.5pts
RSI out of Red _/
MACD Histo rising _x
MACD Torys Trendzone red _x
Heikin Ashi confirmed _x
support price level _/
EMA support _/
No EMA Resistance _
Note
6 days till next Weekly closeDaily snapshot:
Daily Long when (max:7): 3pts
4h snapshot:
4h Long when (max:7): 3pts
Note
5 days till next Weekly close*added Higher Low and Higher High to the rating. Maximum points is 9
Daily snapshot(3 pts):
4h snapshot (3 pts):
Note
4 days till next Weekly closeMax. 9 pts
Daily snap 5 pts:
4h snap 6 pts with a potential bearish flag:
Note
3 days till next Weekly closeDaily snap 5.5 of 9 pts:
4h snap 6 of 9pts:
Note
2 days till next Weekly closeDaily snap 1.5 of 9 pts:
4h snap 4 of 9pts:
Note
1 day till next Weekly closeSupport retest of 19k price range seems likely if rejected from the EMA resistance. If so then the Weekly golden cross will not confirm.
Daily snap 1.5 of 9 pts:
4h snap 4.5 of 9 pts:
Flag pattern (chart):
Note
2nd Weekly closeIt's all about the next higher low on the weekly, the daily and 4h timeframes help to identify when price forms itself.
Weekly snap 5.5 of 9:
Daily snap 2.5 of 9:
4h snap 6.5 of 9:
Note
6 days till 3rd next Weekly closeAll EMAs act as much as support as resistance, like a magnet that either pushes or pulls the price. Once Markprice and EMA price have met again, the polarity of the magnet often changes.
To spot a change in trend, a reversal in a market, it's important to keep all timeframes in correlation. Higher timeframes usually have a higher magnetism and are in calculation to have a time confirmation.
Daily snap 3 of 9:
The small EMAs on the daily changed to red, it's a bearish signal. But it helps us to spot and confirm a potential low. Before we can spot it on the daily, it's idealy already confirmed on the 4h timeframe.
4h snap 4.5 of 9:
Note
It did test the 19k price and got a strong support move back into the long term resistance trendline.Idea updates on this chart:
Note
Indicators update. Form of it after 14 weeks:Note
Pattern Update Snap
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.