As you can see in the chart, we are now testing the 10sma, which is lined-up coincidentally with the previous highs from early june. We could potentially see the industry reach and fill the gap made late february. OBV is supportive of the trend. RSI(14) = 67.8
Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart. You can choose different colors for the moving averages. The 20 period moving average is Blue and the 40-period moving average is Red in this example. Rule #2- The Parabolic SAR Indicator must change to be above price candle. Notice how the dots were below the price. The parabolic stop...
The volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom. We are also trying to move out of a logarithmic moving channel (400%+ in less than a month). The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the $VIX and the $SPX...
In this idea, I'd like to suggest that the 10 simple MA when shown on the Relative Strength Index is a great magnet for bitcoin pullbacks when shown throughout the previous bull trend. We are still a bit high above it here and I am looking for a bounce around the green line marked on the RSI.
NZDUSD - Psychological Support Broken 1W > IND: 10SMA / Elliot Wave Pair broke psychological support @ 0.70000 reaching 0.69700 setting new 5-Month low Further decline expected toward 0.69070 / 0.68440 levels Key resistance @ 0.70550 w/anticipated upward movement expected to be held by 0.71020 representing falling 10SMA. * Personal analysis only. Please use...
@TradeYodha (TradeYodha.com) #NZDUSD Possible Butterfly Pattern 1. Butterfly Pattern 2. Previous structure retest 3. 200SMA is close to the zone 4. Daily Time Frame has 10SMA in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a thumsup if it makes sense.
@TradeYodha (TradeYodha.com) #GBPCHF 15min Short Idea Reasons: 1. Previous structure with spikes 2. 50SMA lagging behind on 15 min that should attract the price 3. 10sma lagging behind og higher time frame i.e. 1 hour that should attract the price 4. FIB 1.27 extension in zone 5. possible harmonic move 6. retracement expected Must wait for confirmation before...