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Keltnerchannel

S&P Global Monthly Chart 12/4Watching movement in the keltner channel in blue and the keltner channel oscillator candles in the bottom, you can see as price approaches a peak it trends into the keltner channel and loses momentum, starts the trend change. Indi's are showing some momentum shifts and price is likely to consolidate. Two scenarios I see is, market tanks near end of trump's presidency or a rally and consolidation and tanks in 2023 instead. However, say the fed continues to pump the economy and we move in a large consolidation range until some news breaks and markets plummet or builds again. With the inverted yields on the bonds, and few taking on our debt, the US will have a hard time raising taxes or interest without destroying the economy in one form or another. The dollar is taking all the risk, as dodd frank has allowed the fed to borrow money without going to congress for approval. They've been bailing out the repo markets to the tune of hundreds of billions, and no MSM has made a significant story about it. This is the Dollar in Billions:
NYSE:SPGI
by Mikelikescrypto
AMD - A Breakout of a BreakoutAMD is breaking out of a small symmetrical triangle pattern on the daily chart. This follows after having broken out of a slightly ascending channel back on November 4th. The stock price is still surfing that 10-day EMA line as well. The EMA line is similar to where the top band of a Keltner Channel can be found confirming the strength of this bullish move. The stock is in an overbought condition both on a Weekly & Daily chart so entering at this time may require a tight stop but I am still aiming for that $40.20 level. A dynamic P&F chart provides a potential target of $41.73 for people who like to take a look at P&F targets.
NASDAQ:AMDLong
by Chartimistic
TRADING PULLBACKS WITH KELTNER CHANNELTrading Pullbacks with Keltner Channel Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend. As you already learned when the price hugs one of the two bands and crawls along the band, we have a case for a strong trending market. In the chart below we’ve highlighted small retracements while the price hugs the upper Keltner band. Notice that the price retrace to the area around the 20-EMA. It won’t give you an exact price, but a price zone from where the price can potentially bounce and the bullish trend can resume. This remains a good way to measure pullbacks in price. Successful trading doesn’t require catching the exact turning point. For a better timing of our trades we can use the Stochastic RSI indicator in combination with the Keltner indicator for more confluence. The trade trigger is simply to follow with this Keltner Channel pullback strategy. Pull the trigger when the price retraces to the middle band and the stochastic indicator develops a crossover from an oversold territory.
Education
by Tradingstrategyguides