Centered Oscillators
EUR.USD H4 Short 13CCI tlb,100x13CCI still shows not divergence, indicating that upmove is not complete. But seeing a CCI tlb of up-trendline along with very tiny stop required, some folks are happy to risk that for a potentially big move down. Price complted an abc up, but be nimble for further move up
S 1.18315
SL 1.1838 or 1.1864
TP 1.1546 or a lot less. Exit when CCI crosses up thru a downtrendline
Hoag's 80% Value Play-Election "sell the news" (Short)Hoag's 80% Value Play
(Election Day Short-SELL THE NEWS)
Uber looks Toppy, Multiple Potential Dbl Tops
(Unconfirmed)
Reasons for Trade:
1. Have retraced to areas of .618-.786, and to + .786
of its range from IPO high and most recent high, respectively
2.At volume high rn, break back into value, and held for 2 consecutive 30m candles,
suggests price will revisit value low 80% of time. VL is at reload long levels
3. MACD internals Looking weak.
4. Was recently oversold, and is hovering near OS
5. Significantly decreasing buy volume impetus, very telling.
RR 4.22:1
Enter trade at confirmation of M top, at break through .786 level on downside
and acceptance into value at $35.96
Stop set at M Top* at $38.25
Move Stop to scratch at touch of value low near potential reload long levels, $26.30. If accepts into
value low, trail stops, 3 highs/Lows method.
Caveat: This is a short trade in the event of unfavorable election results where rideshare worker's rights (gig economy) is on the ballot in California. NYSE:UBER
For entertainment purposes only, not trade advice. DYOR!
Tech sector showing weakness despite gains on election dayWhen comparing tech focused ETFs/indexes, namely $NDAQ and $XLK, we can see that $SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops.
Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been truly swept yet.
Just something to keep an eye on.
$NDAQ/$SPY
$XLK/$SPY
For options plays, it would appear leaps for $NDAQ would be ideal, while short term plays on $XLK would work out. $NDAQ is quite illiquid.
BTC daily RSI divergence.There has been some divergence showing up on the daily chart again. This, in conjunction with candle wicks and prior resistance, may have been interpreted as a slowing of momentum and a possible dip buying or slam play opportunity coming up. A break below the upward wedge would confirm.
Twilio Nuzzles Old HighsEveryone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic.
TWLO has had a trio of positive headlines this month:
10/2: Guidance raised
10/12: Acquires customer-data firm Segment
10/26: Earnings and revenue beat
TWLO has declined along with the rest of the market in the last two weeks. It’s now back around $285. That level was the old peak in August and its consolidation zone earlier this month before it sprinted toward $340. The pullback is also creating an oversold condition on stochastics.
Momentum followers may look for its upward continuation if the broader market stabilizes.
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EUR.USD H4 Short 13CCI pattern, 13CCI tlb cross<zerolineS 1.183 or earlier. Took too long to draw/annotate chart
H4 EUR.USD has two CCI short biases.
First, the extended trendlines cross below the CCI zeroline, favoring downmovement. To catch a turn up early, monitor this crossing on lower timeframes.
Second, the CCI pattern is one I call hitchhiker's Short, because it resembles a hand signal with pinkie in the air (which by itsself is an early Short signal, then the rounded knuckles of a fist at a lower CCI level (~~100), then the thumb pointing down as CCI hooks well below zeroline. There is another hitchhiker short i marked in Sept. This pattern can run for many days before a CCI reversal Long is signalled, by CCI's crossing up thru a downtrendline.
We still have a possible H&S target below 1.152, a possible retest of earlier H&S target ~1.176,and new pitchfork targets, one for upsloping pitchork ~~1.177, and one on downsloping pitchfork, ~~1.152 or higher (to 1.164)