The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner.
In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed.
Also, check out AUDUSD for a similar setup.
Once again, we are only watching and trading this on the daily chart.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
200dma
JSDA is showing bullish momentum! Ascending Triangle?Bullish cross on the KST where I've placed a blue thumb up.
Bullish cross on the Williams alligator with widening brands to the upside, inherently bullish indicator.
Playing peekaboo with the 200DMA.
A break above the 200DMA & 55c to 70c incoming real quick, maybe entering the cannabis sector is the type of move that will eventually attract volume to the newly CSE listed ticker for Jones Soda. Lots of great reviews on Mary Jones IN California.
Expect strong resistance at 80c if bullish momentum continues into the new year.
The trend is your friend, let it run!!The bullish momentum is undeniable since breaking above the 200 DMA in September.
Bullish cross on the William Alligator in September coinciding with the 200 DMA bullish cross.
On the Williams alligator, the bands expanding/widening in an upward motion, inherently bullish. But if I am commenting on the stock a Grizzly bear is lurking in the bushes...
8-dollar resistance, 18-dollar resistance, then 28, trade-ups and downs, it's. going to be a rollercoaster!
Crude Oil's rejection from its 200-day ma is negativeThe Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com
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Oil monentum indicator chartAnalysis of where oil will go based on it's suport at the 200DMA and the momenutm indicator chart pattern support.
Buy Mindtree above 4000The stock bounce from 200 dma on daily chart and made a bullish pin type candle.
Trading above 4000 will activate this candle.
The IT company reported a 49 percent year-on-year (YoY) jump in net profit at Rs 473.1 crore for the fourth quarter ended March 31, 2022. In the corresponding quarter last year, the company posted a net profit of Rs Rs 317 crore. Its EBITDA margin of 20.9 percent and PAT margin of 15.7 percent have been their highest in a decade. Mindtree's consolidated revenue from operations grew by 37.4 percent to Rs 2,897.4 crore in during January-March 2022 from Rs 2,109.3 crore in the corresponding quarter of 2020-21.
Cardano's Road to $5..Previously ADA briefly broke beneath the 200DMA and after recovering was sent into a rally of 195%. It is currently set up in a similar situation. The RSI was also, as is now, completely bottomed out. Another 195% rally from here would have ADA breaking the rising channel's resistance and possibly onto the 361.80% Fib Extension if the bulls can take back the line. The 361.80% of the Fib Extension would put ADA a little over $5!
Trading Idea : Buy Bajaj AutoNSE:BAJAJ_AUTO Making Higher High & Higher Low on weekly chart. Stock is suppose to bounce back from recent swing lows which is around 200 Day EMA.
We are recommending to buy stock around 3850 levels with Stop Loss of 3700 for the target of 4300 which near previous swing high.
SPCE Time Below 200 Day MAThis chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations.
It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action.
In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend.
Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average.
Also, please like this post if it helped you in any way - it'll encourage me to post more content.
Bitcoin: A New HopeBitcoin broke out downwards through 42k. It looks like daily close will be below the 200d MA so right now I'm looking at the next heavy support between 30-35k and also at the 50W ma .
It has been a rough week but this could be very bullish news. The hashribbon is very close to flashing BUY . Last time this happend we had a big price increasement so I will wait for this to happen.
EPL ABOVE ALL MAJOR SMAsEPL’s share is trading above all major SMA’S EXCEPT 200 days SMA .
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening with the higher volumes on the next trading session can be a good indication for price rise.
The stock is already trading above 5, 10,15,20,50,100 days SMA AND just short by 5.079 points from its 200 days SMA.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock.
This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
Consolidation areaAUDCHF is in a sort of rectangle, the price seemed to have broken it on 31st of December but, pay attention, the volumes are very low and the rsi has created a DIVERGENCE, so I think that we are having a fake breakout, there are good chances for a drop towards the 200-day moving average (highlighted in green). The trade has a good risk reward ratio: 1:2.67.
It could be formewd a bullish shark pattern during next days, so id price action develops the D leg it will reach our take profit.
Use a proper money management.
I will update you soon!
Enjoy your trading!!!
Francesco
XLMUSDT Descending Channel| Volume Influx| 200 EMA| Price ActionEvening Traders,
Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(.618 Fibonacci & 200 MA)
- Daily S/R Objective
- Declining Volume
XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come to fruition on a bullish break.
The Weekly S/R is current support that is in confluence with the Weekly S/R and .618 Fibonacci. Price Action retracing here is likely to respect the level.
The Daily S/R is current objective, breaching this level will likely increase the probability of continuation.
Current volume profile has an influx after declining, this is indicative of momentum picking up in the immediate short term.
Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
‘’No one strategy is correct all the time’’.- John Paulson
USDJPY Dynamic Resistance|Structural S/R|200 DMA|Bullish Div| PAEvening Traders,
Today’s second analysis – USDJPY- trading at a key Dynamic Resistance where a confirmed break will make the immediate target, Structural S/R.
Points to consider,
- Price Action Lower Highs
- Local S/R Support
- Structural S/R Resistance (200 DMA Confluence)
- RSI divergence
- Stochastics Extended
USDJPY’s immediate price action is projecting lower highs; our bias will change once the Dynamic Resistance is breached with confirmed Higher Highs.
The Local S/R is immediate support that is likely to hold on first attempt that is if Price Action retraces here. There is a current Bullish Divergence at play showing immediate strength in USDJPY.
Current resistance is Structural S/R which is in confluence with the 200 DMA, Price Action is likely to respect this region upon first attempt, and a rejection will confirm a bearish retest.
The stochastics is currently over extended, a reversion to its mean in probable if price starts to correct here.
Overall in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas