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4hr

Interesting, if Confusing Picture on Vol - Vix Broadening Wedge 4 Hr VIX looks like a mess, but just drawing trend lines connecting tops and bottoms shows a broadening wedge formation...Doesn't mean the market tanks, but I see why I have been seeing a lot of people going to cash lately. Also of interest, Gold (-7% since last peak) and Bitcoin (-14% so far since last peak) have taken it on the chin as of late, and even "value stocks" have been chipped away at. Stimulus announcement seems to have been a "sell-the-news" event in hindsight. Holding mostly dividend stocks in the form of energy and financials myself so I am not interested in selling and hoping to buy lower later. If this trend continues, we may see some serious discounts on many assets in the near to medium term. Gold very much in danger of falling below trendline support - Very much considering selling my entire position on that ahead of schedule rather than hoping for those magic figures being touted by the precious metals community. I agree that gold should be trading near 2500 or 3000 but the market does not appear to agree with them. Oil has also calmed a bit, but those losses are not as spectacular.
CBOE:VIX
by JJMa
1
BTC-USD ichimoku 4hrWell people.. In my humble opinion buy the dip.. Watching Bull div on RSI and MACD forming.. This might be the pullback we dreamed of! Lets see how it plays out though.. This bounce off the ichimoku cloud looks rather promising... and the coiling of the Kijun Line (base line) with the Tenkan-Sen (conversion line) could mean we range between the two for a while.. but watching these break in the future would imo be a warning for a large move up... lets hope the cloud holds!! Also the support of 3 Jan seems to be related to this current bounce.. not the strongest support line but lets see what happens!
BITSTAMP:BTCUSDLong
by klugook
GBP/JPY - 4HR Structure and Potential Price PathsGBP/JPY - 4HR Structure We can see here that price is trading in a flat channel, with 2 bounces off our 4hr resistance and support levels. Zoom out to the daily chart and we can see this pair is in a long term uptrend, and nearer the bottom of our 'bigger picture' ascending channel. Therefore, we can anticipate that price will break out of this structure to the upside. However, we might see price continue to trade inside this flat channel for the rest of the week. Aside from identifying simple structure, I'm trying to highlight the importance of looking at higher time frames to identify overall market direction before looking to trade the lower time frames.
by Jal121
Daily USO - The road to 50 and beyondPossible Bull Flag now in play Using 4 hr and Weekly USO has come down a bit, offering traders and investors a chance to pick up Energy Equities or Oil itself at a discount to last week's nosebleed prices. Next hurdle if 47.84 is breached with strength, would be 51.23, which is the 200 W EMA when looking weekly chart. I should not be switching time frames, but we are now above the 200 Daily EMA, I'm going to call it legit. Not for the feint of heart this week. Prices can still go lower. I would consider 41.38 as absolutely critical last chance support on the Daily if the wheels come off in the next few weeks. Near-term support is 45.97 (50 EMA on the 4-hr). Distribution (selling) occurred at 47.40 which is at the top of the flag formation for today. I am holding oil & gas equities, along with a leveraged oil ETF (bought at significantly lower prices) and I am not looking to sell, as these are all long-term holds. No interest in adding to the leveraged Oil ETF as it does not pay me, holding for above 50 at the least and I will see where it goes from there, long-term target could be as high as 70, but this could take months. I am using the RSI, and I am tracking what might be the hint of bearish divergence, but not on larger time-frames.
FX:USOILLong
by JJMa
2