Tesla continues to trade in a bullish channel. There is a bearish divergence on the stochastic compared to the uptrend in price, however it could just be cooling off for another bullish run up the channel. HMA bearish crossover.
Waiting to see how price reacts at bottom of channel.
As you can see in the chart the market is having a Configuration of head and shoulders in a bearish trend therefore we should buy NQ now
in addition, we will have another confirmation when the green candle will break the support
STCUSDT Initial LONG signal. Targets and stop loss on the chart. D1, D2, D3 all poking their head up. Weekly pointed down, but might recover depending on D3, still a great long for daily tf.
4h on left showing hma and dmi setting up to bear cross. However, current di- structure presents potential bull div with LL price on Jan 31 not reflected in HH on Di- within DMI.
Sell pressure still present but projected targets downside (post mercy pomp on 30m to 3841, give or take) would be mid level, 3796, 3786, 3768 , and 3754. From current HOD @ 3843, all...
Simple trading strategies are the key to consistent execution. The problem is that traders often stick to conventional wisdom and settings when a few tweaks can take an ok strategy and turn it into a great one.
What we looked for in this strategy:
- simmplicity - not more than 1 or 2 indicators
- low drawdown
- higher timeframe that would yield swing trading...
on my chart DXY bounced off the 50 volume weighted hull moving average and continues up. the 180 HMA is still well bellow price. macd shows a bearish cross but it is invalidated because price is above both moving averages lets see if 93 is a next target for USD
