Simple analysis (GOLD)hello traders:
Today I will show you how to draw supply and demand with support, resistance and order block. If you have any questions, welcome.
Expansionbreakout
BTC moves on Bearish Expansion TriangleAs per my 3-4 days old analysis, BTC moving at the pattern of Bearish Expansion Triangle waves, and after today 9th Feb. Divergence it will going to complete final wave, towards $22,500 to $21,500..
Lets see, what's next move..
But be prepare, February mostly under pressure of Bearish Zone..
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Gold Expanding the Limits of the Range and Future Projections***This is not financial advice of any kind. Any information that you take and act upon is at your sole discretion.***
The overall thesis here is that gold wants to dump to Covid Crash levels before setting new all time highs.
The Daily candle just closed above our average price area suggesting that we are going to be moving back up toward the previous high. Our initial short-medium term projection is still valid and through the course of the next two weeks will get much more clarity about which direction we're headed.
I am not trading a leveraged in gold, but have invested into physical bullion, so do with that what you will.
***This is not financial advice of any kind. Any information that you take and act upon is at your sole discretion.***
US30 Weekly OutlookCurrently close to the peak of the uptrend.
Considering the recent uptrend on weekly perspective, there was an expansive decline as the Bears came in with full power, now pattern is about to repeat itself.
What do we expect of Dow Jones Industrial Average reacting to the peak of the trend?
LVGO BLUE SKY BREAKOUT to BOOMER SET UPAnother beneficiary of the shift towards Telemedicine and remote health monitoring because of COVID-19. Company has been doing exceptionally well even before the pandemic with increased insurance support providing subscription to several Fortune 500 companies. Increased institutional participation observed with high quality funds increasing their position on the issue.
Technicals breaking out of the pattern resistance with OBV indicating increased buying pressure and RSI signals strong momentum for range expansion after pausing on the second half of the trading day. ADX >30 also confirming trend strength. Boomer set up observed on 2H chart giving an opportunity to participate on expansion breakout.
Jeff Cooper Expansion breakout.I have tested this idea a bit for stocks and it looks good.
1. Stocks >30$
2. today must be highest high range in 7 days
3. today must breakout over 40 day high or low
4. ADX must be low <20 and must be below both the D+ and D-
5. Volume >1.25 % Average volume
6. 9MA must be > 50 MA for long and 9 MA<50MA for shorts
7. Enter long on new breakout of today's price tomorrow if it does not gap by 1% and Enter short for new breakdown of today's price if it does not gap by 1%
long lsxmk - expansion breakoutwith so many earnings this week it's not easy to find breathing space so i'm only really interested in hit and run jobs and lsxmk fits the bill for another expansion breakout buy stop in at 41.03 with 1 day expiry
