Breadth Indicators
BNB Bias for the dayHow i started this market (Overall Trend is on a Rising Wedge D TF)
Checked my 4H tf and its on my Support TL and on top my 20EMA (Symmentrical Triangle)
On my 1tf it formed a H&S. but due to volume i am not confident on the pump but if it goes
my entry is set on a retest to the neckline
All Ema above the Candle
if it Breaks down i will wait for a retest on my Support trend line for a ride to hell
INDICATORS
Hull Suite : 1H hull ind. breakout to the Green
Fair Value Gap: Two FVG to cover up liquidity
On Balance Volume: OBv on a side ways movement(No volume)
Silver H&S target 23.950As per my analysis i can she H&S pattern on 2hr timeframe the trade will trigger by sell stop after 24.444.NFA
BUY USDCHFUSDCHF ranging inside the channel (blue trendline). And recently bounce on the support level (yellow line). I take that opportunity to buy USDCHF, the stoploss is below the blue trendline and the take profit is at green line key level. Always use the good money management, good risk reward ratio and good lot sizing, don't ever mind about win-rate, just put the amount of money you can afford to lose.
Prepare for the worst, hope for the best.
Keep positive.
SELL GBPUSDI tried to sell GBPUSD because it forms downtrend in H1 and it's just come from resistance in orange line as you can see. The target TP is on the green line, we expect the price will complete it's journey to the key level (Green line)
SELL EURJPYSell opportunity on EURJPY. The price had been channeling up and then break the support multiple times. Eventually the price break the nearest channel's support indicating there will probability to continue to the next key level. I set the stop loss on the previous candle wick's high and the TP point on the key level below (Yellow line).
$DNA Possible Accumulation. Fib levels very reactive.A pretty compelling argument for a classic Wyckoff Accumulation pattern. We know some people like Woods are investing heavily into this market, so it's not a long shot to assume there are others. Whether we see a spring or LPS our way up to SOS is TBD, we could shoot in either direction as it stands. PTs are at $7-$15 according to analysts. This seems to line up with extensions. OBV shows each consecutive low on the PA is higher on the OBV. This is a great indication of an increase of strong hands ownership. Overall, I think I am mostly bullish at the current level. Should we happen to dip lower for a spring, I will significantly add to my position.
Hunting Breakouts with Bollinger Bands and OBVThanks to zAngus for the idea, here is a simple trading strategy that uses two tools: Bollinger Bands and OBV to find moments when an asset's prices can increase or decrease.
First and foremost, please note that this explanation is simplified and only covers the basics. Each individual can develop their own settings and adjustments according to their own preferences.
Imagine that you are looking at a price chart of an asset. This chart shows how prices have changed over time. Sometimes prices go up and sometimes they go down.
The trading strategy we are going to show you can help you find moments when prices are about to change direction.
- Bollinger Bands are lines that show a zone where prices of an asset are likely to stay.
These lines have two parts: a middle line that shows an average of prices and two other lines that show the zone where prices should be.
The lines widen and narrow based on the volatility of prices.
- OBV (On-Balance Volume) is another tool that measures whether more people are buying or selling an asset.
If more people are buying an asset, OBV increases, and if more people are selling an asset, OBV decreases.
Now, here is how we use these two tools to find moments when an asset's prices can increase or decrease:
1. First, we wait for prices to stabilize for a certain amount of time. This means that prices don't go up or down much during a given period.
2. Next, we look at the Bollinger Bands to see if prices have reached the upper or lower limit. If prices exceed the upper limit, it may mean that prices will increase.
If prices fall below the lower limit, it may mean that prices will decrease.
3. To confirm what we have seen in the Bollinger Bands, we look at the OBV.
If OBV increases or decreases at the same time as prices exceed the upper or lower limit of the Bollinger Bands, it means that more people are buying or selling the asset, and this reinforces our idea that prices will increase or decrease.
4. We enter the market by buying or selling the asset based on whether we think prices will increase or decrease.
5. We exit the market when prices reach the opposite upper or lower limit of the Bollinger Bands or an important resistance zone.
This is a simple strategy, but it can help find moments when an asset's prices can increase or decrease.
Remember that you must always use good risk management to avoid losing too much money if the market doesn't follow your forecast.
Please note that this Bollinger Bands and OBV breakout trading strategy involves risk and is intended for educational purposes only. Any investments made using this strategy are done at your own risk, and you should always do your own research and seek professional advice before making any investment decisions.
SPX head and shoulders with bad newsS&P formed a head and shoulders while bulls are overextended. So stocks had some downward momentum and then I mentioned if any bad news say the fed was Hawkish... which he was...stocks would drop.... which they have... I think this can go much lower now... If it drops below 392 I think the bull case is over.
Note:
I had posted this yesterday before the drop today but got hidden by mod as I think they thought I was using private/custom script/indicators which I clearly show this time I am not. Everything is public that I use and available in the public indicators. No private scripts have been used nor any public scrips have been modified. I just combined multiple indicators on same line using the object viewer which I believe is allowed.
VIX may actually wake upI expect VIX to go up from here.. could it have a big jump if stock market has big down move which my other ideas show I believe could be immanent.
Oil is going to go higherOil is going to be driven by the weekly higher soon if not now. The lower timeframes want oil to go down but the weekly maybe the driver. I think stocks are going down but oil will go up.
Gold ready to drop with stocks 4hr chart shows gold is at top of buy cycle on 4hr chart and ready to head down. I also believe stocks are ready to head down so gold will follow stocks.
DXY ready to Rally as stocks fallMy oversold at bottom on 4hr chart says dollar ready to head higher. The weekly also says it’s ready for a big DXY bull run.
Downward ChannelA little outbreak has been sold and the sale is retracing now. As we have fallen back into the downward channel and the ADX shows no momentum I suppose that the attempt to rise will come to a halt. This idea finds support as we could not rise above the resistance line that has been tested since 2020.
Divergence w/ Breadth - Mkt Rally Will Be Short LivedAMEX:SPY
Looks like $CRM and a couple other earnings releases has a lot of traders spraying their shorts today. Congrats bulls! I'm increasing my long position on September Puts
Spot vs Ampl
Will be interesting to see how these two will attract towards same price over time.
Current target price is CPI $1.14 for both $ampl and $spot
$SPY AKA Humpty DumptyI'm struggling to understand any of the long ideas out there for $SPY. Not saying I'm right, but there doesn't seem to be much upside left here. Market breadth is very overbought and there's a lot of resistance up top.
I expect the debt ceiling shit show to give us a shorting catalyst. AMEX:SPY
SPY Swing Long on ReversalSPY dropped to a mid Fib level from the recent pivot high and bounced.
Price is now rising in a channel predictive for a 1% rise tomorrow.
The ADX indicator shows the negative direction reversed and now positive
and rising out of the chop zone confirms the reversal as a solid one not
a fake out as does the MACD with a crossover under the histogram
I will trade this with strike 392 calls for expiration this Friday expectant
for 25+% return in two days
Is this the bottom, up from here?More than 50% of the stocks in the SPX are now back above their own 200 day moving averages, and trending up, after reaching a low of nearly 90% below their 200 day MA. The intensity of new 52 week lows also seems to be decreasing.
Is this an early sign the SPX itself will move back above it's 200 day MA?
S&P 500: Will October’s Lows Be Retested?It’s common to hear strategists predicting the S&P 500 will retest its October lows. Today’s charts consider the big index to ask whether its technicals support such a deep pullback.
First, the daily chart may have a basing pattern around 3,800. Also notice some potentially relevant candlesticks, starting with a hammer on December 22. The New Year began with an outside day (and false breakdown under 3,800), followed by an inside bar on Wednesday. That kind of price action may suggest prices are finding a floor.
Second, the Relative Strength Index has been turning higher and is now above its RSI-based moving average.
Taking a step back, remember that the index based at 3,600 as the fourth quarter began. Is it now basing 200 points higher as a new quarter begins? (Both times defying projections of a 3,200 floor.)
Next is the S&P 500’s weekly chart. The 3,800 level represents a 50 percent retracement of the rally between early October and late November. It’s also near a monthly low from last May.
In addition, the last three weekly candles have long tails, which may suggest buyers have defended lows.
Finally, breadth appears to be strong. (The Advance/Decline line has continued to push higher and is back near its recent peak.)
Of course, upcoming events like CPI on January 12 and corporate earnings are potential risks. But if the index holds its ground through those headlines, traders may find it’s already established a new and higher low.
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⚠️ SPY with OBV in bearish divergence📈 The chart continues with higher funds, but the volume does not follow this movement as demonstrated by the OBV.
Which signals a bearish divergence. 🐻❄️👎
🤔 I believe there could be a spike just to liquidate the positions, leading to a big trap:
🛑 Furthermore, the OBV has just broken the white dotted line, entering the red zone, overcoming the fall of the Corona Crash for the worse:
🤥 That is, the price is higher than Corana Crash, but the volume is lower...
☁️The market can be manipulated by the big players with their Machiavellian plans and government artifacts, but volume doesn't lie!
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