Will Laredo Petroleum correct its rally soon?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of 83.65.
If this instance is successful, that means the stock should decline to at least 83.11 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 5.226% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 8.355% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.97% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 18 trading bars, and one-quarter require at least 34 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Centered Oscillators
Cleveland-Cliffs has overbought signal on my RSIBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of 24.56.
If this instance is successful, that means the stock should decline to at least 24.42 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.961% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 6.296% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 9.712% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 50 trading bars after the signal. A 0.4% decline must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8 trading bars; half occur within 28 trading bars, and one-quarter require at least 46 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
XAUUSD - Long by RSI & High/Low Pivot 5/24/2022Long:
- Higher Low & RSI: > 40.
- Higher High & RSI: > 70.
Demo short targets:
using MACD histrogram as a volatility toolMany traders use the MACD for divergence or crossover signals. It is my opinion that market participants trade almost every oscillator this way. This I find rather simplistic and not respecting what the data shows you. In this tutorial I will show a new approach to reading the MACD, obviously I'm probably not the only person who looks at MACD this way however.
MACD colors:
blue = MACD
orange = Signal line
green and red waves = histogram
The MACD is based on the distance between 2 exponential moving averages. The signal line is a smoothed version of the centered oscillator that difference creates. And the histogram is the difference between the MACD and signal line, this is extremely simple.
On the chart I have plotted these 2 EMA's for clarifying my approach to the MACD. Notice that when price rapidly changes these 2 lines move away from eachother, we see the MACD line also move away from the signal line in the process creating a big histogram wave. After the trend becomes less volatile and more one directional the EMA's stay at the same distance from eachother. This creates a flat histogram.
The trading approach I'm showing here is that instead of trading tops and bottoms from the histogram/crossovers you use the MACD as a directional tool and you use the histogram as a volatility tool. We wait for a crear trend to get established after a big histogram wave and then for the trend to stabilise: MACD histogram flattening. Now we have a one directional trend and it is a good place to start opening positions in the trend direction as it is stable.
Notice how we got a nice discount after the trend stabilised and became on directional. I provide below some snapshots of how the market looked when trades would have been opened:
long setup:
short setup:
result:
Use this information with caution as these examples are obviously cherry picked. I hope this gives some perspective on using the MACD in your trading arsenal.
BTCUSD short term bounce from supply zoneThere are many wicks on top of the candles on the 15 minute BTCUSDT chart. Honey Cypher momentum is to the downside. The light blue Vwap is starting to slope down. Looking at the honey wave structure we can see that the previous uptrend was long lasting so the chance of the coming downtrend to have this long lasting slow drop is quite likely to me.
A BREAKOUT CASE STUDYHow to trade breakout structure by using the MACD indicator. the top green/blue and low red MACD indicates the lower and higher price on the chart, use your tools to mark them and wait for the breakout, then follow the steps on the chart. I hope it is not that hard setup.
BTCUSD Uptrend, Target R1,R2
Hi traders, BTCUSD is showing the last correction wave C 1-day frame, which is almost over. The market is bearish , but we will see the market going higher bouncing between pivot point bands going up. Pls remember to check the trend, the price should stay up at the pivot point level and bounce in it, without breaking. If the price goes down the pivot point and then S1, we will be in a downtrend again. Pls , see the pivot point levels in the chart.(R1,R2) The market has the last word.
Indicators, MA 200, 20-8 RSI 8 MA8 Bollinger 20, Volume , Pivot points Levels. Intraday Strategy. MACD
3 indicators that work for day trading newbies these 2 indicators are the best and easiest to use for beginners.
-RSI 25 & 100
-MACD
-Chandalier exit -
BTCUSDT short updatedTriangle breakout on this H1 chart volume decreasing with Chaikin Money Flow falling below zero. 38.2% Fibonacci Retracement key level to watch for retest. Big show of weakness. Big selling pressure. 14.6% Fibo target maintained in confluence on this triangle pattern. 2nd target below on AB=CD pattern in confluence with local support as we can see in my last update today.
BTCUSDT monthly superbearishMonthly superbearish with Chaikin Oscillator diving below zero / center line. Ehler's Fisher Center of Gravity (CC) & Fisher Transfom aiming july in a bearish momentum. Price action to sell.
Bullish Idea on the EUR/CHF making a new higher high since 3/21.EUR/CHF has made a new higher high since 3/21/22 and breaking out the resistance zone above the 200 EMA and MACD confirmation.
Possible bullish idea.
NASDAQ, Downtrend Target S1, S2, Intraday Strategy PPHi Traders. The market is still downtrend, let's check the trend with the pivot point levels, the price should bounce on S1, and then it will try to reach the PP, bouncing on it, and then it might hit on S1 again and break it going down to reach S2. If the price doesn't break at S1 down up, it might go again to PP and break it going up, so the market might show a tinny uptrend, possibly reaching R1. But it doesn't mean the market is in an uptrend. To get the beginning of an uptrend the prices should hit at least the last higher high, 13,554.00
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy. MACD
R3 14,242.97
R2 13,642.77
R1 13,252.93
PP 13,042.57
S1 12,652.73
S2 12,442.37
S3 11,842.17
Bitcoin is likely to experience an uptrendhi guys
If Bitcoin loses its current support, it will enter the range of 37,500 to 3,500, which contains a harmonic bullish pattern, but I think Bitcoin will experience a bullish move and rise to a price of 45,000, but at 45,000 Bitcoin 2 It has static resistance and 2 dynamic resistances And I also found a RD+ divergence that could be a sign of an uptrend for Bitcoin
Utility Stocks Broke Out. Now They’re Pulling Back.Utilities are one of the few parts of the market to hit new highs recently. Now, after a pullback, some dip buyers may get interested in the sector.
This chart of the SPDR Utility ETF highlights the $71.10 level where prices peaked in February 2020. XLU was stuck below its old highs throughout the pandemic, and only broke out in March 2022. It’s now pulling back toward that level. Will old resistance become new support?
Second, the 50-day simple moving average (SMA) is rising from below. Will it also provide support? (As an interesting side note, TradeStation data shows that only three of 11 sector funds closed above their 50-day SMAs yesterday. Consumer Staples and REITs were the other two.)
Third, XLU’s stochastic indicator has slipped into oversold territory.
Finally, it’s interesting that the recent strength in utilities has occurred after the broader market corrected. That suggests utilities are serving their traditional role as safe havens .
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
How to use Inside bar strategyInside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an Inside bar means... So above me here is the recent rally from the pair GBP/JPY , I have highlighted a few of the inside bars but if you look close enough you will see more, So an Inside bar on the daily is telling us the day before we had a strong rally this can be called candle (1), so Candle 1 is a rally, Candle 2 is inside the range of candle 1, what this means is that on lower timeframes we have seen consolidation, Price hasnt broken the high of candle 1 or the low of candle 1, so when candle 3 breaks the high of candles 1 and 2, price rallies to our target. So the entry comes after the high of candle 1 and 2 broken, you use a stop loss under the low of candle 2, and you aim for 1:1 risk reward. When is the best time to trade these candles? In strong rallies you will see this set up form alot , the reason for this is because in strong rallies, we often see rally-consolidation-rally. Typically this strategy will win around 70% of its trades and is great for entering rallying or depreciating currencies, I hope you guys can put it to use like I have over the years! any questions please feel free too comment below (This is not trading analysis this is purely to demonstrate how inside bar works and how you can use it in your trading). Enjoy the weekend!
Relative Strength Index (RSI) author died this day one year agoThe inventor of the Relative Strength Index (RSI) died this day one year ago.
🕯 RIP 🕯 John Welles Wilder Jr.
RSI is an absolute favorite technical oscillator.
Grateful for his contribution to this space. 🙏
en.wikipedia.org
en.wikipedia.org
Bitcoin – the best scenario!Hello, everyone!
The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let’s use the trend and countertrend lines in our analysis.
What do we have right now? The trendline 1 was broken to the downside but was not retested. It’s retest is the perfect short entry point. Trendline 2 was not even tested and I suppose we will see it’s test very soon. The countertrend line 1 was tested ones by BTC but it got a rejection. Now it seems like the price broke it to the upside. It means that the local downtrend is finished, but not more global. I suppose that we will see the retest on countertrend line 1 in the intersection point with trendline 2. At this point the RSI will show the bullish divergence and it is going to be the best long entry point. This trade’s target is the trendline 2 retest. If the price break the trendline 2 the price will enter the uptrend phase.
I want to remind you that I am in small long trade and waiting for another dump to execute the large long trade.
Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
Bulls in the Driver’s Seat at Avis Budget?Avis Budget rallied in the fourth quarter on a value-driven short squeeze. It’s calmed down since but now may be showing some interesting patterns.
First, consider the bounce off the 200-day simple moving average (SMA) on February 24. That could suggest the longer-term uptrend remains in effect.
Second, notice how prices have stayed in a tight channel since mid-March. Are they starting to resemble a bullish flag?
Third, CAR’s 8-day exponential moving average (EMA) has remained above the 21-day EMA. That suggests the shorter-term trend remains positive.
Fourth, stochastics are nearly oversold despite only a modest pullback in the shares.
Finally, the macro situation may favor CAR because it trades for less than 15 times earnings (placing it more in the “value” camp than “growth”). It could also benefit from the onset of summer vacations starting next month. Earnings are due May 2 in the post market.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Is Tesla Going into Reverse?Tesla had a sharp rally in late March, but now there could be evidence of sellers taking the wheel.
The first major pattern on today’s chart is the trendline running along the peaks of November 4, January 4 and April 5. Each time prices have approached with a bang, only to reverse lower the next candle. The ovals highlight rejections near the highs, suggesting the line remains important resistance.
Second, MACD edged lower on Friday. Similar crosses marked downside turns at other times like mid-November and early January.
Third, TSLA made a higher high early last week. It then proceeded to close under the previous low. The result was a large bearish outside week -- another potential reversal pattern:
Finally, the March rally was partially fueled by news of its stock split and quarterly deliveries. Now that those events have passed, the broader weakness in high-multiple growth stocks could return to plague TSLA.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NQ Power Range Report with FIB Ext - 4/11/2022 SessionCME_MINI:NQM2022
- PR High: 14379.75
- PR Low: 14332.50
Evening Stats (As of 12:25 AM)
- Gap: = N/A
- Session Open ATR: 369.67
- Volume: 37k
- Open Int: 231k
- Trend Grade: Neutral
- From ATH: -15.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
🔥 KCS finally break out from the pattern 🔥Hello traders 🐺 .
In my last idea about the KCS I was talked about the inverse H&S pattern which is playing out right now , and now as you can see KCS finally breaking out from the inverse H&S pattern neck line and this could bring a very good opportunity for the KCS bulls .
(you can find my previous idea about the KCS in the related ideas down below this idea)
1_pattern :
As you can see in the chart above , KCS finally break the neck line of the inverse H&S pattern and also the more important is that the KCS price create a new high above the previous high so as you can see price is currently trying the retest the daily structure as a new support and this is good sign for KCS bulls .
2_EMA Ribbon :
EMA Ribbon is now flipping to bullish and we could consider this as a bullish signal for the KCS and in my opinion price and the EMA Ribbon could touch each other around the daily support structure ,
3_ TSI & RSI :
In the RSI we haven't any kinds of divergence but the RSI is currently above the 50 and still didn't reach the over buy value .
But in the other side we could see that the TSI is currently breaking above the zero line and this a bullish signal for the KCS .
4_ price targets :
About the price targets I would expect something like a above picture but it's not for sure for example price could reach the ATH price without any retest the important levels or also it's possible to fail this long trade , However I think that the first level of the resistance for the CS is around the 0.618 but the last target of this inverse H&S pattern is around the ATH price .
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
How to become Friends with the BIG MOspeaking on how to gain Momentum and continue to move forward by cutting out distractions and fat from your life in order to grow your momentum.
take massive actions immediately after watching to build you momentum now!
Trade MACD Multi Time FrameMaking a trade plane using MACD Multi Time Frame.
Chart & Indicator :
1. Heikin Aishi Candle
2. Current Chart MACD
3. Higher TF MACD
4. ADX
Steps :
1. Look at Higher TF MACD Direction
2. Check if lower TF MACD is aligned
3. Check if ADX / trend's strength
4. Set a limit position, wait for the price to break support.
5. Set SL in previous high. Set TP accordingly: using Fibonacci or previous zone as a target.
This is only for educational purposes. Do your own research accordingly.
