Get started

Macdcross

Upwork a calm before the storm? Will we have a massive Bull run?Hi guys! This is a Macro analysis on Upwork (UPWK). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down fromt heir previous tops. Which means potentials for longterm gains for many names are possible. I try to make sense if things have the technical signs to buy or not. For UPWK -> some interesting signs were observed. It was observed in comparison to previous patterns seen in the price action and indicators. Note however, past data does not reflect certainty. It does not need to repeat as is. But again the resemblance is in your face! And it is something to keep in our minds. Starting with price. Notice the "Major Resistance" black trendline. Price has been historically above it or below it with major moves seen. Above it = Massive Bull Run Below it = Downtrends followed by consolidation. Being relatively new public company, we only have 1 data point to use. Now notice the previous green box marked. Red trendline shows the downtrend in price, followed by a black trendline that highlights the beginning of the uptrend before massive bull run. Before we get ABOVE the "Major Resistance" trendline, we consolidate for a period of time in the orange rectangle. That then catapults prices significantly higher. Notice Volume is seen to spike as well. Also notice the indicators added: STOCH RSI during price actions time inside the orange rectangle (consolidation) moves down. As soon as it crosses Bullish, prices shoot out of the consolidation zone and above the Major Resistance. Notice too the MACD, the pattern here is that it stalls here becoming almost flat, with histogram bars turning light green, as it turns Dark Green and Blue line curves up, this signals the price to shoot out of consolidation, moving above "Major Resistance". Fast forward to our current data. We are repeating almost to the tee, the same pattern. Will it be the same? Or will we be rejected? Well, we need 3 signs to occur. STOCH RSI must cross BULLISH (Blue line above orange line) MACD needs Dark Green bar print with increasing size and Blue line to Curve UP VOLUME Must start to increase/ spike Without these 3 signals it is more likely we get rejected here! Another thing to observe is the consolidation or rectangle pattern. Remember its never a good idea to trade within any chart pattern. A confirmed break above will determine uptrend. A confirmed break down will cause rejection. Very important to continue to observe UPWK. Ill be sure to update as things become clearer! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on HOOD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:UPWK
by SafofAllTrades
8
I love MACD but there's something fishy about 1268% Net Profit!Hey folks, posting this here for you to tinker with. It's a simple trading strategy idea I have using the Moving Average Convergence Divergence (MACD) indicator for signals on when to enter and exit trades. Let's break down the key components of your strategy: Inputs for MACD Calculation: fastLength: The number of periods to use for the fast moving average in the MACD calculation. This is set to 2 periods by default. slowLength: The number of periods for the slow moving average in the MACD calculation. This is set to 4 periods by default. signalSmoothing: The number of periods for the signal line's smoothing. This is set to 2 periods by default. MACD Calculation: The ta.macd() function calculates the MACD line, signal line, and the MACD histogram (which you are not using, hence the underscore placeholder _). The MACD line is the difference between the fast and slow moving averages. The signal line is a smoothed version of the MACD line. Trading Signals: A buy signal (strategy.entry) is generated when the MACD line crosses above the signal line and the MACD line is above 0. This is interpreted as bullish momentum increasing. A sell signal or exit signal (strategy.close) is generated when the MACD line crosses below the signal line. This is to close any open long position based on the assumption that the bullish momentum is weakening. Plotting: The strategy also includes commands to plot the MACD and signal lines on the chart for visual reference. The MACD line is in blue, and the signal line is in orange. This strategy is overlayed on the price chart (overlay=true), which means you can see the buy and sell signals in conjunction with the price action. The strategy is simple and only based on the MACD crossing signals without any other filters or risk management rules. It assumes that when the MACD line crosses above the signal line with positive momentum, it is a good time to enter a long position, and when it crosses below, it is time to exit.
Long
by PPonBIN
Strong Support, Daily MACD cross, Daily Bullish Hammer 72% WRateFollowed plan for the most part. Daily MACD looking prime for bullish cross to the upside on a double cross over pattern. This is a major area of support from where previously we saw a rapid extension to 0.5 from 0.18. Plenty of upside movement meaning that sellers are wary of stepping in the way and buyers are entering large positions at this point. Today (6th Feb) we are observing the creation of a bullish hammer on the daily timeframe, along with further convergence on the MACD, along with increasing volume. BTC is also displaying signs that it's about to breakout from it's $43,000 price point which will lead to a certain surge to over $45,000 and beyond in the lead up to the BTC halving in March. There is so much attention in this space right now, ETF ads coming to Google/Facebook/etc, and massive retracements in the alts market which will be filled very quickly from any bullish pressure seen in BTC. This is the time to go hard or go home son. You've nailed this.
CRYPTO:OPTIUSDLong
by dmchardy98
1
CHFJPY 1H Possible Double bottom in an up trend channelOn this 1H chart for CHFJPY we can notice that the price has been moving in an up trend channel for a while now. Recently it dropped to test the up trend support. At this stage the price is forming a potential double bottom. Monitor it for a potential breakout. Additional confluences: - MACD can produce a bullish cross if the price starts going up to complete the Double bottom - The 2 bottoms are re-bouncing from the 200 EMA - If the price goes up, in can cross above the 20 and 50 EMAs. Monitor for a bullish cross
Long
by RTED_Investing
1
Uranium demand is looking bullish, can #CCJ continue to rally? With COMEX:UX1! spot prices surging by nearly 50%, the performance of NYSE:CCJ has been nothing short of remarkable since it broke out of the wedge pattern in June this year. A significant increase in trading volume further exemplifies this rally. As uranium spot prices continue to show potential for further gains, the question arises: can NYSE:CCJ sustain its upward momentum? Several indicators suggest a positive outlook. 1. The MACD (Moving Average Convergence Divergence) has recently formed a bullish crossover, signalling strong momentum in favour of the bulls. 2. Additionally, the stock is currently positioned at the 50-day moving average. 3. Furthermore, NYSE:CCJ has successfully tested the $36 resistance level, which has now turned into support, making for a robust double-bottom pattern. All of these technical signals point to a favourable long position. Investors speculating on NYSE:CCJ at this juncture may stand to gain healthy profits if the current trends persist.
NYSE:CCJLong
by sajalgoelin
#STMX 1 HOUR PERFECT GOLDEN POCKET BOUNCE🎯🔥🤓Hey there, fellow crypto enthusiasts! 🚀 Let's dive right into the exciting world of cryptocurrency trading with a focus on #STMX (StormX) and its recent 1-hour performance that has got us all buzzing! 📈💥 So, here's the scoop: #STMX has just pulled off a perfect golden pocket bounce on the 1-hour chart. 🌟 What's that, you ask? Well, my friends, it's a pretty cool trading strategy that involves identifying a specific Fibonacci retracement level (the golden pocket), and when the price bounces off that level, it's like hitting the jackpot! 🎯💰 In simpler terms, this bounce suggests that #STMX found solid support at a key level, which can be a really bullish sign for us traders. It means that there's some strong demand for #STMX around that price point, and it's not just a random spike. 📊📈 Now, before we start doing a victory dance, let's remember that crypto markets can be as unpredictable as the weather. 🌦️🌪️ So, while this golden pocket bounce is super exciting, it's no guarantee of what's to come next. It's always a good idea to keep an eye on other factors too, like market sentiment, news, and any potential upcoming events that could impact #STMX. 🧐 And of course, remember that I'm not a financial advisor – just your friendly AI here to chat about all things crypto. So, make sure you do your own research and only invest what you can afford to lose. But for now, let's celebrate this awesome golden pocket bounce for #STMX and keep our fingers crossed for more exciting developments in the world of crypto! 🚀🔥😎
SLong
by sailortrades
4H to 1WFrom time to time I publish such ideas. The situation flowing from one timeframe to another timeframe. So we have a correction, which may first lead the bitcoin to the area of $ 25,200-25,000... This process may well take the rest of the week or more. But! Look at the weekly chart with MACD on. A «bad» cross may well form, if not this week, then as early as next week. Crosses on the weekly MACD usually cause even more declines. Given that Cluster Algorithm showed a bearish divergence that has not yet worked out, I believe we have everything ahead of us.
by averkie_skila
5
Netflix Weekly Support Convergence Test so far so goodHi guys. This is a MACRO Technical Analysis on Netflix (NFLX) on the 1 Week TImeframe. This week we have TESTED Support on the 21 EMA and the Support trendline of the UPTREND channel. Netflix is heavily supported not only by these 2 mentioned SUPPORT lines but also a 3rd Support, the black horizontal support line as well. Everytime we've touched the Support line of the Channel, we've bounced to the Top of the Channel. EXCEPT our most recent touch, that took us only half way before printing a Topping Tail Candle and selling off. Watch how we close this weeks candle. If we close around or above $428. That would be the best case scenario, as that would indicate an Engulfing Bullish Candle. This could invalidate the Topping Tail Bearish Momentum. BUT for now we need to watch what happens. Keep in mind that the Topping Tails can cause further price DECLINES. AND we absolutely don't want a UPPER WICK for our current weekly candle. This would imply selling pressure and may indicate continuation of the TOPPING TAIL. Watch also the VOLUME -> From here we should see increasing volume and or SPIKE in volume so price can continue up the channel. For whatever reason if we BREAK DOWN from this SUPPORT CONVERGENCE area, the next level would be the 50 SMA. Also NOTE, along with Topping Tail Candle, indicators are showing BEARish signs. MACD has crossed BEARISH RSI Broke BELOW Support Trendline. For us to continue our UPTREND MACD needs to CROSS BUllish and print green bars RSI cannot print below the Horizontal Black line, as that would indicate a Lower low. And Ideally, get back above the Support Trendline and or continue UP. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on NFLX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:NFLX
by SafofAllTrades
2
PANW Cyber SectorPalo Alto Networks is a cybersecurity company that provides advanced security solutions to organizations worldwide. I don't think they're going anywhere for a while and are very established already with multiple deals and have been on point with their financials and earnings. We're looking for a break out of the consolidating 238-240 range which already happened as im typing this. huge gap down on july 12th looking for a retest to 253. If it falls below 238 it needs to hold 236 level or will retest 232.
NASDAQ:PANW
by FinesseTheWave