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Breadth Indicators

Short NZDUSD Daily - Ot ForexFX:NZDUSD has recently rallied higher even though it is in a strong downtrend ( weekly lower lows ) . As indicated on the chart the weekly resistance and support levels. Price has reached and broken the first level on higher volume , but it has made a strong return to the downside when it reached the 0.5 Rib Retracement Line. Stop Loss can be set just above the First Resistance level with entries occurring just below and take profit targets should be set at the daily consolidation rectangle.
Short
by OT_Forex
USDJPY 108.30 RESISTANCEThe US dollar has continued its breakout rally against the Japanese yen currency as risk-on trading sentiment in broader financial market improves. The USDJPY pair will turn technically bullish over the medium-term if price moves above the 108.30 resistance level. Traders should note that a breakout above the 108.30 resistance level could cause the USDJPY pair to rally towards the 111.00 area. The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 106.90 and 106.03 levels. The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 108.30 and 109.00 levels. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
Quickpost: SPY at the Weekly Bollinger BaselineThe Bollingerband traditionally has a lookback of 20 periods, and that coincides with a common moving average length of 20 (sometimes 21). SPY price action has gapped up and stopped right at that baseline, or the 20W SMA. This is very much a do or die circumstance for the market. If the baseline asserts itself as resistance we can expect a very painful recession. If somehow the baseline is confirmed as support we have the much promiced V shape recovery Below the prices action we have the OBV & EMAS. The OBV has been consolidating below the 100W, which isn't a good sign for the bulls, and the 20W is looking like it will cross the 100W bearishly. This is an extra-ordinarily bearish set of circumstances to play out.
AMEX:SPYShort
by This_Guhy
AUSTRALIAN DOLLAR / U.S. DOLLAR (AUDUSD) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
1
CANADIAN DOLLAR / SWISS FRANC (CADCHF) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
1
S&P 500: Risk On for a V-Shaped (or Upward Sloping W) RecovyI'm calling a new Bull market, and that was born on April 6, 2020 when the S&P 500 broke out from the downtrend channel of the COVID-19 black swan event. I went long on that day and have been happy with the results, and now after the indices have survived their first major test of the possible new lows into earnings season, it does appear to be a risk-on type of environment. I've made some money from the second wave off of late March's bottom, but I've had butterflies. I took some profits and spent some time reading the wind, and the last 2 weeks have been a major retest of the indexes as they were rangebound for a short term. Now that the S&P and others have broken out, it's risk on again for yours truly. I'm personally look at AMZN (they report earnings tomorrow) as the canary in the coal mine if this V-shaped bounce off the March 23 bottom isn't just a very hard bouncing cat, but I think even Schrodinger would have a hard time telling if this kitty was alive or dead. You decide that for yourself. The price has broken above the 50 day average and is beginning a retest of the 200 and 252 days avgs (I like the 252, it's the avg of the trailing twelve months) is narrowing some, but that's natural after the first successful retest of a baby bull. This first dip stayed below a threshold of 5%, so didn't even touch the lightest of hand's stop loss. Long term stochastics show it moving into an established movement, and we're likely to run until a retest at 3150 which would be the peak of the February 2020 bull trap. I plan to take profits near that zone depending as we approach the apex of the ascending triangle where we could have a pullback anywhere from another 5% all the way to 15% or more. RSI shows we're not yet overbought (it's still early in the up trend for that anyway), but keep your eyes peeled and be ready to act quickly on fast, large moving changes in the coming couple of weeks. Any shocks or melt ups will likely be news driven, and the larger they are, the hard they are likely to snap back toward the center of the new trend channel with some momentum.
AMEX:SPYLong
by chuckination
6
Comparing bear flags on the S&P 500.The left chart has our current set of circumstances on the 12H settings and the right has the previous bear flag on the 4H settings. As this move matures we will have to look at higher and higher time frames to determine which one is controlling. The rising red arrow shows on both MACD histograms shows classic bearish divergence between the indicator and price action. The purple arrows shows hidden bearish divergence about to rip this uptrend apart. The 4h chart had a clean cross of the MACD and signal line while the 12h chart shows a sloppier move. The blue fractal is a lot harder to see scrunched off to the left but an honest look at the MACD required such. The trend lines should be very similar. The resistance held for many bars and then the price action pulls away at the bollinger band. From there previous support turns to resistance and we get a rough double top formation. A second test of the bollinger band at this new resistance and the uptrend is over. And finally the volume situation is similar. These chars are the daily for the left chart and hourly for the right. The formations have falling volume generally and the OBV and OBV 10 and 20 are clearly under the 100 OBV EMA. A very bearish situation on price action and volume action. Please see the linked post for some target setting and broader context.
FOREXCOM:SPX500Short
by This_Guhy
CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1
RICE FUTURES (ZR1!) Monthly, Weekly & DailyTrades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
CBOT:ZR1!
by Dinjin
BANKNIFTY STRATEGY - Based on Market Internals/ Breadth ToolsHello Fellow Traders, I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment. Just doing some technical analysis on Price action doesn't provide good results. Price action along with Volume gives a meaningful insight. But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement. We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. We need to construct the VOLUME based on the underlying stocks(12 stocks for BankNifty). And this tool provides the exact feature. In a nutshell, 1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME 2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME, WHICH HELPS IN DECIDING THE MARKET DIRECTION. Happy Trading! PS: It's an Intraday tool. Indications for the last 10 trading sessions. NSE:BANKNIFTY
NSE:BANKNIFTY
by mohamedmuzamil008
4