8 Mar 2021 I see W pattern on hourly chart volume registered high (see below) if price closes above 51.60 (green line on the chart ) , it will go up further 5.50 dollar up .. That is the height of the W pattern
for JMIA , I see CUP and Handle pattern on Hourly chart. Also found ocket pivots for 2 days. (see those cnadles highlighted in yellow color) ... That means volume is increasing , you have CUP and Handle pattern ... once it breaks the resitance line ... It will go up further ... See the explanation on the chart ... Let me know your comments...
Hourly chart ... SPY price is moving downwards(1) , however stochsatic is not registering that ... rather it is going up ... This is bullish divergence wait for a confirmation like price close above that blue line (dsma 40) as a green candle (i.e close > open ) or wait stochastic pull further above 30 line ... On Jan 5th also I have found and...
I have noticed that some trades missed in VWAP and RSI strategy. To improve the entries and add more you can add divergence indicator and set the source of it to vwap. change the settings to 5 , 3, 3 when the price is trending below 200 line , then look for Divergence indication and buy when price closes above VWAP. In the above screen you see...
Look at the BABA setup on hourly chart, it looks nice for Long setup 1 & 2 : divergence ... price is going down but vwma slope is going up 3 : vwma slope broke previous pivots trend line 4: once slope broke above (3) , price gapped up Let me know what you think about this setup ...