Centered Oscillators
Teck long opportunityHello everyone, we are back with yet another technical analysis. I hope you guys have enjoyed the past week, whether it be trading crypto, stocks, or currencies. The technical analysis today will be centered around the idea of TECK hitting 17.09.
Elliottwave analysis: My elliott wave analysis is kinda cluttered, some I'll try my best to break it down for you. The move to the 17.09 mark, I believe will be the wave 5, of the wave C, or the greater wave 3. The reason why I don't believe this will be the wave 5 of the greater trend, is because then we would have to assume that the wave C ended at the 15.70 range, which wouldn't make much sense since there are no fibonacci ratios there. Instead, I see this as the 3rd wave of the wave c, the retracement being the 4th wave of the wave C, and this next move up being the 5th wave of the wave C. Taking a projection from the start of the wave c, to the wave 3 top, to the wave 4 bottom, we can anticipate the wave 5 hitting the 0.8 fib range, which is around 17.50$. A break below the recent swing low is a bad sign and would mean I am wrong.
On the 1 hour chart, we can see some bullishly diverging rsi and macd, meanig the we are probably going to being the 5th wave sometime soon.
Keep in mind that this trade might take a couple of weeks to be completed, so position yourself accordingly.
I wish you all the best this trading week, and have a great day.
EUR.USD 240 Min Short CCI tlb, Pitchfork Targets on 2 H&S TargetThough 13CCI on 240 min EUR.USD has a higher low, the currently operative signal is Short from CCI crossing down thru an uptrendline and the exit signal will be CCI crossing up thru a downtrendline.
The pitchfork targets match perfectly with both the small H&S target and the larger H&S target, shown by red + symbols.
Caution tho, because news of additional money being sent to US citizens before election could change the charts
$HEPA aiming to trade higher-HEPA technical analysis$HEPA Breakout of the wedge:
- RSI divergence.
- MACD looks good.
- Price projection gives 40% possible profits.
- It would saver if traded until $3.81 resistance.
- Patient traders can wait for a pullback for a better entry position.
You can check my ideas here:
notrustyourbroker.com
BTCUSD 12H DMI ANALYSIS - BEARS STRONGThe DMI is showing bears in the lead and bulls are running out of real estate. Big move inbound over the next few days. See chart for more description.
The Williams %R is overbought and due for a oscillating correction. Yet divergence is always a possibility. Set alerts on trend line crosses and let tradingview work for you!
AUDUSD 0.70633 + 0.56 % MOMENTUM CONTINUATION IDEA HEY EVERYONE
Here's a look at the AUD/USD pair which just retreated to 0.7050 are clinging to some daily gains.
* AUD/USD lost its momentum after the climb, US DOLLAR INDEX is staging a technical rebound during the US session and the WALL STREET main indexes register some strong gains today from the fundamental perspective.
* The pair is currently trading in BEARISH FLAG which could signal continuation with the bears and the pair just saw a rejection at the roof of this structure looking for a move with the bears on this one.
LET'S SEE HOW IT GOES...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Looking for more longs on EGThe targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs on this pair with either a strong rejection of the marked lower level (.902) Or with a break and pullback of this channel top.
this level gives a nice confluence in also being the 618 on the fib retracement on the trend move in the day/week view.
We have nice divergence across our histo to vouch.
Now its just time to let the markets wake on Sunday night, reveal a little more price action and find a confirmed entry ideally in the 4 hour.
If we can get the break of this channel, .924 & .934 are the targets. I have another more ambitious target further up, but for now that will do.
Alert: Bitcoin formed a bearish rising wedge in H3 timeframe!!!I hope that the Daily candlestck is goes to closed up as in H4 timeframe. Right now, we found in H4 timeframe that we see 6 doji of indecision and that cause a lot confussion oft the trend. I believe that demand supply is weakness becuase we see a squenze of candlestick of indecision formed dojis. Also, I add the MACD in H4 timeframe and we see the volume is losses boughters and bears could be to take the control!!!, So, it's very important to know this manipulation!!!
But, watching in the H3 or H2 tiemframe. The H3 timeframe is better, because Bitcoin is formed a bearish rising wedge if you link he points. Well, also and noticed that MACD are losses ther boughters volume and it's so enarly to the sell croosing, that could be another data as sell Bitcoin.
Well, we see in general that demand is fighting with supply and both created a lot confussion on the market, remember that this squenze of Dojis has the highly possibility that the trend make a reversal again when the price come.
SPI sees its 50-d moving average cross bullishly above its 200-dThe 50-day Moving Average for SPI moved above the 200-day moving average on August 31, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend. Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth.
Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on September 15, 2020. You may want to consider a long position or call options on SPI as a result. Tickeron A.I. detected that in 48 of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 87%.
The Moving Average Convergence Divergence (MACD) for SPI just turned positive on September 16, 2020. Looking at past instances where SPI's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 22 of 26 cases over the following month. The odds of a continued upward trend are 85%.
SPI moved above its 50-day Moving Average on September 23, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for SPI crossed bullishly above the 50-day moving average on September 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%.
Following a +19.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in 94 of 106 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
SPI broke above its upper Bollinger Band on September 23, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SPI entered a downward trend on September 16, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
GOOS, Aroon Indicator entered an Uptrend on Sep 23, 2020.Over the last three days, Tickeron A.I.dvisor has detected that GOOS's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 195 similar cases, 168 of which were successful. Based on this data, the odds of success are 86%. Current price $28.63 crossed the support line at $23.44 and is trading between $30.39 support and $23.44 support lines. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +28% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +2% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for GOOS just turned positive on August 25, 2020. Looking at past instances where GOOS's MACD turned positive, the stock continued to rise in 29 of 35 cases over the following month. The odds of a continued upward trend are 83%.
GOOS moved above its 50-day Moving Average on August 24, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for GOOS crossed bullishly above the 50-day moving average on August 14, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 10 of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 77%.
Following a +3.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOS advanced for three days, in 196 of 241 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 168 of 195 cases where GOOS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.