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Centered Oscillators

Cheniere Could Be SinkingCheniere Energy has been sinking as the broader market advances. Now some traders may see risk of another push to the downside. The first pattern on today’s chart is the series of lower monthly highs and lower monthly lows since early December. This contrasts starkly with the advance in the S&P 500, potentially reflecting bearish sentiment in the tanker stock. Second, prices stalled in December slightly above their peak from late 2022. Some chart watchers may consider that a double-top reversal pattern. Third, prices bounced above their 50-day simple moving average but could now be slipping back below it. Fourth, stochastics are retreating from an overbought condition. Finally, traders looking for potential levels may eye the March low of $152.31 or last year’s low at $135. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:LNG
by TradeStation
ON Semiconductor lags its leading peer Engulfing Candle LONGON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack website. It recently trended down from a push to outside the Bollinger Bands showing extreme buying volaility and price action than a big fade into selling volatility and a slight compression. The TTM squeeze fired just as price fell outside the lower band. Price rose abruptly into and over the trendline and then printed a so called" Big Ass Candle" engulfing about five hours of price action. This is a strong buy. ON will work to catch up with MU NVDA and the frontrunners. I will profit while it runs that race.
NASDAQ:ONLong
by AwesomeAvani
1
AAP Autoparts Retailer Retraces and Reverses down SHORTAAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down which covered April to October 2023. Support was retested for a month or so. The retracement starting in December is now to the standard level and price is being rejected there. The faster RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As an aside, AAP is weak compared with AZO, its peer and leader in the market sector. I am looking for stocks to short to get synergy from and general market downturns. I have found one. This short trade is supported by the predictive algorithm of LuxAlgp.
NYSE:AAPShort
by AwesomeAvani
ZKP PANTHER PROTOCOL $0.031 | End to End Real World Solution something or definitely a working project that its time has come a facility that covers current and future de fi requirements on top of it is the beauty of its being COMPLIANT and adaptable or built on NEAR MATiC FLARE and AVAX still under the radar or un appealing to most as it tank from launching it has the same dna that of INJECTIVE and AiOZ or so most PROJECTS which narratives that were shelved until again ITS TIME HAS COME ROADMAp is on schedule Q1 2024 Risk Reward.. so worth it more so solid base established with STAKING on the move at 15%
by roy.reyes
DUOL looks to bounce from a fib retracement LONG.DUOL on the 30- minute chart shows a healthy pullback of about 5% from its ATH reached both Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from the pullback to put in the second ATH and then dropped 5%. The question here is whether, CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s therory applied). The bottom wicking on the last two candles is significant and may suggest and impending reversal. This was a great trade from the earnings. I will not mind at all if it is setup and ready to go at Monday's morning bell. The predictive algo forecasts a quick rise to 246 or about 7% upside. DUOL did run up hard before. Recently it may have attracted some shorts who will sell quickly if a 6% jump occurs. Potentially, a short squeeze could send DUOL higher than the forecast. Time will tell.
NASDAQ:DUOLLong
by AwesomeAvani
RSI as a Trend ToolMost people use the RSI as a momentum indicator, trying to find Overbought/Oversold (OBOS) conditions, and/or divergences. However there is also a way to use it as a Trend Tool. There is a mathematical relationship that connects the RSI and EMA's. The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x) i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28) This one of the properties of the RSI, which I discovered when taking a more indept look into momentum indicators, which ultimately led to the discovery of the MACD-v in 2014/2015 The MACD-v was then publicly disclosed in 2022, in the form of a a paper called "MACD-v: Volatility Normalised Momentum", which was awarded: It has won 2 International Awards: 1. The “Founders Award” (2022), for advances in Active Investment Management from the National Association of Active Investment Managars (NAAIM) 2. The “Charles H. Dow Award” (2022) for outstanding research in Technical Analysis, from the Chartered Market Technicians Association (CMTA)
CME_MINI:ES1!Education
by AlexSpiroglou
Potential Continuation in Berkshire HathawayBerkshire Hathaway broke out to new highs in January. Now after a pullback, it may be continuing higher. Consider the price zone around $400 on today’s daily chart. It has a potential double significance. First, it represents a 50 percent retracement of the move between January 23 and the high of February 26. Second, it’s near a high on February 13 that was retested as support on March 5. (See the white arrows.) Holding that area may confirm the financial conglomerate’s uptrend. Next, BRK.B has remained above its 21-day exponential moving average. That could also reflect a bullish trend. Third, stochastics have rebounded from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BRK.B
by TradeStation
US Dollar Four Day OutlookIt's always important to look the US Dollar when determining the outlook for Bitcoin. Remember, when the US Dollar rises, Bitcoin does the opposite, which is why the price of BTC is experience in the red. However, looking at the US Dollar Chart, the DXY is oversold on the Relative Strength Index. This is a bullish momentum for Bitcoin, as the US Dollar can experience a pullback for the next four days. We need to wait confirmation on the MACD on the four hour timeframe. THIS IS NOT FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.
TVC:DXYShort
by brandonreymejia
Advanced Micro: More Fatigue in the AI Space?Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern. Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar. AMD proceeded to remain below that candle all of yesterday. That may confirm the potentially bearish patterns. Next, stochastics are dipping from an overbought condition. Third, AMD was 66 percent above its 200-day simple moving average last week. (See our “ Distance from MA ” custom script in the lower study.) That was the highest reading since September 2020. Is a pause needed after such a move? Finally, traders may watch two previous weekly lows for potential support: $172.49 from February 27 and $161.81 from February 21. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AMD
by TradeStation
BTC : 5Day MACD Fib WavesBitcoin Bitstamp 5Day moving average convergence/divergence and fibonacci-based primary and secondary sine wave structures established from historical MACD positive and negative momentum. The MACD is displayed using the standard fast and slow lengths of 12 and 26, respectively. Signal smoothing length is the standard value of 9. For visual clarity, the signal line is not displayed... but I have left in the colored fill between the MACD line and signal line, so you can still see where the signal line would be. Also included is the colored fill between the MACD and zero line. The wave structure template used in this idea is roughly relative to a standard fibonacci channel, using the following levels : 0, 0.214, 0.236, 0.50, 0.764, 0.786, and 1.00. The primary fib wave template is displayed using solid lines. The positions of the upper and lower bounds of the wave structure are established using the March/April 2021 high, and the June/July 2022 low. The horizontal positioning of the wave structure is established using the March/April MACD high for the lowest wave value. The highest value of the 1.00 wave (amplitude), as well as its' wavelength, is established using the 0.50 midline level interactions...but more on that soon. Note, while the build and placement of the fib wave structures mimic a standard fib channel, it is not exact. Looking closely, you'll notice that the midline isn't exactly in the middle of the 0 and 1.00 wavelines. The structure compresses towards the bottom, thus it is not vertically symmetrical. Either way, these fib wave levels surely line up with the MACD rather impressively. Also of note, by applying a horizontal fibonacci channel using the lowest values of the 0 and 1.00 wave levels, and adding 0.35, 0.382, 0.618, and 0.65 to the existing levels, one can see interesting interactions between the MACD and these horizontal levels. Returning to the primary wave structure... we can see some very interesting interactions between the MACD and the waves. Here we look at the pink/blue wave levels : And here, we look at the 0.50 green midline : These midline interactions were used in creating the amplitude and wavelength of the entire wave structure. By looking at all the interactions, I believe that it is fair to assume that interactions similar to these could occur in the future when the MACD reaches the various levels of this fibonacci wave structure. Ok. So what if, in the future, the MACD reaches beyond the upper and lower bounds of the fibonacci wave structure? My first thought was to just extend the current wave structure by adding more levels above and below the existing structure : This could indeed be useful. But, when I looked at the current structure, and then looked at historical MACD values before 2017, I concluded that this structure doesn't necessarily apply to that data. If I were to predict future MACD action beyond this structure, especially a massive logarithmic rise/drop similar to what happened at the end of 2020/beginning of 2021, I would need to think about this completely different, and find a another method... one outside of simply adding more levels above and below the existing structure. What did I find? Let's return to the midline interactions that we looked at earlier. We see the MACD hits the green midline and reverses 3 times before breaking through the it, and then the MACD rises to the white 1.00 fib wave level. I realize the following might be reaching a bit far, but, what if this particular MACD behavior pattern occurs again in the future? If the possibility of this occurring again exists, is there any existing MACD data that I can use to form an entirely new fib wave structure? A new structure that when placed properly, allows this behavior pattern to occur once again? Here is what I found. I can place a brand new wave on the chart, one with a larger wavelength, and a much larger amplitude. I can modify its' wavelength, amplitude, and position, so that it mimics the midline of the existing wave structure, but on a larger scale. Take a look... here it is, displayed with a dashed line : Now I ask, is it possible to estimate the other levels of this new structure using this waveline and any existing MACD data? Here is what I found : Is this stretching a bit too far? Maybe. But, I think that this way of thinking is what is necessary to imagine what the MACD may look like in the future if there is a massive logarithmic swing in either direction. And of course, because this new fib wave structure is built using less data than the previous structure, and involves more estimation, it is likely to be less accurate as well. So, if all of this possibly plays out, what would the MACD look like if it did reach these types of levels? Well, using an unpublished pinescript indicator that I wrote, I can give you an idea of what it would look like... If you take all of the existing MACD data, offset it horizontally to the right by 500, and then multiply the values by 4.20, you get this : Awesome, right?!?! Interestingly, this projection also fits the initial fib wave extensions that I used in one of the previous images above. Take a look : So, in conclusion, this is how I created the main chart of this idea. I tried to include my logic and reasoning behind it. Is this useful? I think so. Naturally it depends on several factors such as whether you agree with the logic and conclusions of this idea, whether you use the MACD to help you trade, the timeframes of your trades, as well as your trading style. If anything, I think this chart is definitely worth looking at every now and then, especially when the MACD gets close to the various levels. Regarding sine waves, I have found some other waves that can be applied to the MACD that could prove useful. I refer to them as sub-waves. These are not placed within a unifying fib structure... they are individual waves, each with different amplitudes and wavelengths. All sub-waves : I think that these sub-waves can be useful at levels in between the fib wave levels of the two main structures, and overall help add to the validity of the notion of using sine waves in conjunction with an MACD while trading. Finally, here is a bonus 5Day MACD fib grid image... Thank you for checking out my idea. I hope it makes you look at sine waves, fibs, and the MACD differently. Please give it a boost if you liked it, and feel free to comment. //Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
Treasury Yields Stall at Potentially Key LevelTreasury yields have had a big impact on stocks since the Federal Reserve started hiking rates in 2022. Now one of the biggest charts in that market might have done something important. Today we focus on the 10-year Treasury note’s yield, measured by the index TNX. The first pattern is the 4.324 percent level. It was a peak in June 2008 and again last August. TNX pushed above it in September but then returned below it in late November. Yields rebounded this year and stalled at the same spot last month. Is it marking a top again? Second, the recent high represents a 50 percent retracement of the drop from late October through late December. That may confirm its downward trend. Finally, stochastics have been falling since mid-February. These patterns could be important before news events this week. Jerome Powell testifies on Capitol Hill on Wednesday and Thursday. Nonfarm payrolls are on Friday. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Important Information 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 cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. 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. 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. Visit www.TradeStation.com for further important information explaining what this means.
TVC:TNX
by TradeStation
Price overextension: misconceptions and common mistakesPrice overextension remains a widely misunderstood concept in trading, causing both novice and seasoned traders to make errors in their decision-making. This misinterpretation often leads to placing trades in the wrong direction or, equally detrimental, overlooking profitable opportunities. In essence, price overextension signifies that the market has undergone a rapid and excessive movement in one direction. Such movements are often perceived as unsustainable. Numerous indicators, such as Stochastic, RSI, Bollinger Bands and many other, attempt to identify such "abnormal" price movements so traders could capitalize on them. Despite variations in statistical methods and calculations, their common goal is to detect instances where price went or down too much and is likely to reverse. In this discussion, I will use Relative-Strength-Index (RSI), a popular indicator, to convey my perspective on price overextension. While some traders argue for customization, the elusive question of "how" often remains unanswered. From my experience, there are no universally perfect settings that consistently yield optimal results. I’ll draw my examples from the recent SPY bar chart (February 2024). The first misconception The first misconception is that if price is overextended it is time to immediately start looking for a trade in the opposite direction. The most important phrase here is “start looking”. Many beginners misinterpret this as an invitation to commence trading, leading to the premature initiation of short positions during perceived market "overextension" and vice versa. So, the first and foremost important advice is to never try guessing top/bottom based on one indicator or gut feeling. Simple as it seems I remember many times breaking this rule myself because the temptation was too strong. It rarely ended up well. On the graph, I've highlighted three recent instances where the RSI exceeded 70 (indicating overbought conditions). What stands out is that, following each occurrence, the price surged significantly before consolidation set in, inflicting losses upon short traders. Even experienced traders, who look for confluence of signals, may fall into this trap. In the first two examples, bearish candlestick patterns failed to prevent subsequent price increases. Most likely, those candles were “created” by weak hands traders, who tried to short market, while it was actually controlled by strong buyers. These instances could have been avoided by considering the daily graph, revealing a robust bullish context – price was in an uptrend, one-time-framing up on weekly. There were couple of moments when bears gained short term control (Tuesdays 13th and 20th) but they never could take the previous week low; bulls always confirmed their control. The second advice is to avoid trading against higher level context. While sometimes those trades might work the result is usually mediocre and most of the times you’ll simply lose. If you really wish to trade against context you need to construct a solid dossier of evidence, supporting your trade. The second misconception What is the second misconception? It is that when price overextended it is not time to go with the market. In this scenario, traders refrain from initiating long trades after RSI indicates overbought conditions, potentially causing them to miss profitable opportunities. It might not hurt your account but who likes missing good opportunities? Surprisingly, seizing these trades correctly is not much harder than any other trade. It simply requires prudence and discipline and getting rid-off cognitive biases. For example, in the second example on the graph a trader could win up to 1% if he played off gap-up open after seeing that the new price has found acceptance. Conclusion It is possible to build a profitable strategy that relies on “price overextension” concept. However, it demands more than a cursory examination of a single indicator and adherence to textbook candle patterns. Personally, I reached a point where I entirely abandoned the use of RSI and similar tools because, instead of providing clarity, they seemed to cloud my thinking. Opting for a more effective approach involves keenly observing actual market behavior, which often defies conventional expectations. Study of high-level contexts, understanding key levels, and discerning confluence in price action signals on lower timeframes consistently prove invaluable. This method helps steer clear of common pitfalls and contributes to enhancing overall trading results.
AMEX:SPYEducation
by hermes_trisme
Affirm Holds Potential SupportAffirm ended 2023 with a sharp rally. Now, after two months of consolidation, some traders may look for further upside. The first pattern on today’s chart is the $36.12 level, a weekly low from early December. The buy-now-pay-later stock has tested and held that price, which may suggest that buyers are lurking. Second is the falling trendline that began at of the February 9 high. Notice how AFRM has potentially broken that short-term resistance. Third, stochastics are trying to rebound from an oversold condition. Finally, the zone around $39-43 was roughly the peak in August 2022. If prices manage to climb from here, it could represent a more significant instance of longer-term resistance becoming new support. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Important Information 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 cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. 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. 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. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AFRM
by TradeStation
1