Link taking a break?Link showing a bearish divergence signal on our new D+ v2.
This could mean
1) trend turns downwards
2) trend flattens
...either way, the bull trend might be over...for now.
Only time will tell to see what happens next.
Breadth Indicators
New HighWe got a new high extending the Bollinger Band and it looks like we may see a green candle without wicks.
New HighWe got a new high extending the Bollinger Band and it looks like we may see a green candle without wicks.
HoldingWe have stopped above the Bollinger band and had a new high since mid August 2 days ago. The candle body is pretty small so that a new attempt to regain the top is possible.
BreakoutWe have exceeded the rising Bollinger Band. This makes appetite for the next resistance level.
Little BodyThe little candle points towards a retest of the Bollinger Band that is about to change the direction but has not yet.
BTC Price & OBV - Bull/Bear Cases1. Price & OBV both in triangle consolidation
2. OBV looks to be heading down into Wave D
3. Price could breakdown form triangle and retest 10600 where OBV wave E could begin.
4. From 10600 we either pump or dump. Either way 10600 is critical to what comes next.
Whatever happens it appears 10600 is coming, as price, OBV, and even RSI have bear diverenges.
Retracement ExpectedFacing a support at 384 and no more money running out of this stock I am expecting a retracement of this month's decline.
Final BreakthroughIt looks like if Apple fell below the Bollinger Band finally now after struggling a few days.
SupportFacebook is in a clear uptrend and is facing the July high at 250,15. At the same time it is stopping at the bottom of the rising Bollinger Band and seeks to build an inverted hammer here.
Bollinger Bands Bands with Telson T8Indicator idea based on classic Bollinger bands and Telson T8 moving average.
The indicator detects Bollinger bands narrowing which should predict a move to a direction, up or down.
NOTE: You need to define in the indicator settings ("Percent Narrow") the percentage between the upper and lower bands that would be highlighted.
For example: if you set 5%, the indicator will highlight the parts that the upper and lower bands are less than 5% compare the current price (usually close price, but you can define otherwise)
Use the Telson T8 to determinate the trend/direction of the move.
Telson T8 changes based on if close price is above the T8 (green) or close price is below the T8 (red).
DecidedAfter the break above the band the market had stopped to take breathe. Now it has decided to rise.
Squeeze on Vocus ahead of resultsKeltner Channel withing Bollinger bands indicates share is being "Squeezed", with investors unsure which direction the stock is heading.
It is typical to expect a strong breakout (up or down) from a squeeze situation.
Within the BandAs long as the rising band has not been left downwards a renewed rise is more likely.
