GME on a weekly chart has clear the chop zone on that indicator and is now above the POC line of the long -term volume profile indicating that bullish momentum is greater than bearish momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below...
INBS crush earnings and went parabolic on an earnings beat. Basically, revenues fell but with belt-tightening and good CEO actions it bled less cash than expected. The tourniquet is working. The post-earnings pump was followed by a flush to the mid-Fib 0.5 support. Trader's got their reward and called it a weekend before lunch. The chop index fell into the...
The Choppiness Index is a technical indicator that is used to measure market volatility and trendiness. It is designed to help traders identify when the market is trending and when it is choppy, meaning that it is moving sideways with no clear direction. The Choppiness Index was first introduced by Australian commodity trader E.W. Dreiss in the late 1990s, and it...
Dear All, welcome to our trading ideas section. This is not investment advice, and we are just sharing our point of view on what we see on the chart. In this Chart we are using the TFLOW V3 MTF Indicator, which is our product as well as the MACD, Volume Profile and CHOP LRSI V1 (we keep only the LRSI). We go to the weekly chart to see the bigger picture....
QQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release I have charted the VIX as a ratio with SPY. IA down trend is persistent. The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength as well as a dropping score on the Choppiness indicator both point...
IOI’s momentum had slowed down as price was gradually decreasing, and as momentum had bounced back from its previous low, price became less bearish and more within the sideways range that it’s still currently in. The current state of IOI’s momentum tells us that there is a fight for upwards movement, as momentum is increasing while the price is staying at an even...
I tend to consider the geometrical implications upon price charts, and when I notice that one section of a price chart has a different level of steepness than the other previous level, I tend to consider that a new trend based on momentum and price range. I don’t just look at one time frame per price chart, but let’s look at this 1D chart of ARX (which is up 30%...
First off, don't take anything I say seriously or at face value and imagine this being on opinion basis. That being said, let us look into Centene Corporation's stock. Conservatively, I believe a $72 short target is reasonable, and $75 could happen within a few weeks, but it may still be a bit of a stretch. Also, looking at the Choppiness index, I do see a...
As the bullish move is losing steam, a fall in price is to be expected. This fall in price could be the beginning of a bigger corrective wave down or it could be short lived. Either way, this gives opportunity to milk some pips from the market. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
The correction on Sunday, February 16 was too strong to allow the uptrend to resume. We we will see several days of choppiness until we could be fully back in the despair trend. The last uptrend was way too fast: Update: It looked like the moon dream is over, but my chart showed my I was wrong.
ZC is starting to feel choppy in this area so we are taking off our long position at a small loss. Like we mentioned, this could chop until harvest starts. We will keep her on the watch list. NEXT!