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$V continuation pattern breakouthigher time is in strong uptrend and showing strength intermediate time frame also in uptrend and rising moving averages with the shorter time moving average slightly flattening showing consolidation with price trading around it price is seen here forming a resistance at the 96.16-96.17 area with the three price rejection candles forming a ascending triangle possibly looking for more retests of the resistance and higher lows to show buyers conviction this is mostly a monitoring situation not a play yet on the lower time frame- it is showing a bullish rectangle pattern- longer it stays in the range more energy will be built for the possible breakout move just have to watch what price does in the upcoming couple days measured move is a .33 move if broken out of resistance which will bring price to 96.50 area and extension level .618 at the 97.1x area
NYSE:V
by inco1
Adam Smith - Moving Average Cross StrategyThis can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit and low Max Draw Down. However, do backtest for insurance. A key indicator is the Max Draw Downs. Make sure you compare how much the backtest recognizes to indicate how much money will be estimated or required during the bad times and/or bearish times.
R
by TK37
2
GBP/USD,240After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is a breakout from this outer trend line, at which point i will be trading bullish. Although i don't trade fundamentals, there is a few news events which could cause big fluctuations in this pair today and tomorrow, especially with non-farm payroll so i will trade with caution.
by MitchellShoesmith
Dow Jones Industrial Avg Held in Neutral Consolidated Position BREAKOUTS & RUN As we look over market history in the U.S. and other equity markets, we see long standing fits and starts. Ranges in these starts are extremely bullish, seeing breakouts of more than 2000% over 25 year periods. After breakouts markets always and eventually consolidate before they turn there next break. Post 1930's Great Depression U.S. market grew by 2405% before consolidating in the late 1950's for 23 years into the early 1980's. Top end resistance area is 1,000, which was tested many times over in the 60 all the way through 70's and eventually breaking out in 1983. The 80's brought us the computer age, which lead us down the path of internet and micronization along with digitalization into 21st century. Markets priced in our new found improvements resulting in a 2104% market movement 1983-2000. CONSOLIDATION Our current equity status is consolidation. From previous market history, we can see these periods can last a quarter century or slightly longer. I'm expecting at least another 5 to 15 years of consolidation with a pinnacle trough, which we've already seen (2007-09), to reach 65%. Our top end resistance area is 17,500, which was met already in early 2015 and will most likely be tested once or twice more. Predicted Breakout won't occur until 2020 or much later, 2030. Given the magnitude of the deep consolidated trough (2007-09), I would assume sooner rather than later.
DJ:DJI
by QuantitativeExhaustion
2
2016 U.S EQUITY SELLOFF AND GLOBAL CRISIS TO HIT 2008 LOWSTechnical Analysis: Along with the technical indicators that I have outlined in the graph, the following fundamental analysis supports the reason for the incoming financial 2016 crisis. Outlined in the chart are my target dates for the bottom of the market, ranging from Q1 2017 to Q4 2018. Additionally, the right shoulder that formed in the 2001 and 2008 cycles has now been formed, indicated by the magenta arcs. The 1Week, 100D vs 50D moving average has officially crossed at the 2016 top, in which the last tops were 2001 and 2008. Fundamental Analysis: We are currently seeing bear market rallies in both S&P and TSX to instill investor confidence, Yesterday was likely the top for both oil and stocks. Here are my 7 reasons 1. Unemployment figures offered to the fed are very manipulated. They involve part time unemployment which was 90% of the added jobs in february, and a part time job does not offer the same economic contribution as a full time, although counted the same. 2. A clear way to gauge consumer confidence is to see how sales are doing in a consumer's biggest expenses: cars and homes. Despite sales, Auto loan delinquencies at all time high and home sales just saw biggest decrease in 6 years 3. A few U.S states are already facing recessionary contraction 4. Debt levels for both central banks and individuals are at extremely dangerous levels . Income is decreasing and leverage is at all time highs, always an indicator at top of market, also M&A activity is at highs from 2008. 5. There is currently a major 30% divergence between the value of junk bonds and US stocks (see $HYG junk bond ETF vs. SPX) 6. I believe the yield curve is fooling everyone; its extremely hard to have an inverted yield when the financing rate is 0.25, and was 0% for 6 years, we would have almost negative yields on 30 year t-bonds. Artificial 0% rates has manipulated the yield curve and QE went directly into equities 7. Japan has still unsuccessfully recovered from 0% fed policy and QE stimulus from the 90s, which shows how dangerous it can be. Keep in mind that the crisis we are currently facing is global, and extremely deflationary due to credit and liquidity risks. Most people are underestimating its potential damage.
DJ:DJIShort
by YungFinance
Triangular Moving Average (TRIMA) IndicatorThe TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average. The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages. But why would I want more lag? One potential use of this moving average that I've found is that it can allow price to run for a bit after crossing the TRIMA before catching up and creating an opposing signal. It therefore creates the chance for the price to "run its course" so to speak, which can make whipsaw signals less common.
NYMEX:CL1!
by JacobAmos
1