$WISH setting up for reversal $WISH PT 1: $9.33 PT 2: $11.64 PT 3: $15.00 NASDAQ:WISH
---> Closing in on gap fill $7.87 - $9.33
---> Testing 5-12 EMA cloud for trend reversal
---> Rounding bottom
---> macD cross August 30th
Macdcross
Head And Shoulders Pattern + MACD Cross■ The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
It is one of several top patterns that signal, with varying degrees of accuracy, that an up/down trend is nearing its end.
■ As shown on the following chart, MACD rises above the signal line. Crossovers are more reliable when they conform to the prevailing trend.
If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation.
The target is marked on the chart.
Have a nice weekend 💚
ADAUSD A 1D Look at Signs and SignalsADA had a strong basing pattern which led to a rise to new heights. However, as I said before ADA has produced lower highs, which is a signal for bulls to take profits or exit altogether. There have not been a lower low at the moment so there is no confirmation of a trend reversal as of yet. Look for the price dipping below 2.47. It will be quite obvious when you see it. But before you see that lower low happen you will have a signal. The signal will be a break to the downside from the blue trendline. You can see this started with a long legged doji appearing and a clear, red confirmation candle following, letting people know the price was going to reverse. Now since the doji does not tell you where the price will stop, you will need to look at other signals. The first thing you will look at the a break from the overall trendline, then you will look for a lower low, from there you will mark supports and keep and eye on the price movement. The sentiment has shifted, noted on the chart, and the MACD has crossed signaling a major pullback. Generally, bulls typically enter an asset at a strong support and exit at a lower high, keep that in mind. If there is no lower low, the trend is still considered an uptrend. I will continue to watch this further.
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
EURAUD: Aggresive Short From Key Level
EURAUD is testing the year's high.
Being in a strong bullish trend it may easily violate that to the upside.
However, with a current fundamental outlook, our team believes that the pair may retrace.
This short will be very risky and aggressive.
Don't risk much here!
Goal - 1.6043
❤️Please, support this post with a like and a lovely comment!❤️
Imagine AR rebound after long period of consolidationCup and handle pattern approaching
IP was highly oversold in the last couple of months connected to a general small cap drop
News situation is promising and I expect some more NR's connected to the international soccer business and other partnership or customers
I expect a reversal from the current level with significant gains in the next weeks
Bitcoin Weekly mega bullish! MACD cross happening!On a macro level something very important is happening this week or next weeek: weekly MACD cross.
Last bullish weekly MACD cross was on the week 12-19th November 2020. Price climbed from 11500 to 42000 in less than 2 months. 365% climb
Last bearish weekly MACD cross was on th week 19 - 26th April 2021. Price droped from 56700 to 30000 in 1 month. 47% drop
Next bullish weekly MACD cross will happen this or next week in 99% certainty. This makes me bullish and I expect 52k than 60k with minor weekly drops on the way.
A major WEEKLY sign for the bulls on BTCUSDIts so early in the week, so cannot count it as a thing yet... but had to share, got me excited!
WE can see the first MACD green weekly candle foirming on BTCUSD pair.
that would be so nice to see the week close like this in 6 days!
Of course there are many other indicators showing such strength too... feels like the bull run is on again!
The MACD explained ! All you need to know about it Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
In this video, I am gonna explain what is the MACD and how to use it and how to identify buy and sell signals using this indicator.
So what is the MACD, The MACD is a trend-following momentum indicator (so a momentum indicator is a technical analysis tool that allows us to determine the strength or weakness of a stock's price movement )
There are a lot of people that use the MACD when they analyze charts because it's very simple and it's very good but I always say never just use 1 indicator to analyze a chart, always try to use at least 3 this way u can make sure that the result is more accurate and the market most likely to move as u analyzed.
let's look at the theory behind the MACD before looking at a real-life example and how to identify buy and sell signals using this indicator :
The typical settings for the MACD are 12 26 and 9.
The MACD consist of 4 parts :
1) Zero line
2) MACD line
3) Signal line
4) Histogram
We start off with our zero line and this is where the MACD line and the signal line move around and basically so if the MACD is trading above the 0 line then it's bullish and if it's under then it's bearish.
Then we have the MACD line and it comes from the 12 26 section, and it gets calculated by subtracting the 26 EMA of the price out of the 12 day EMA of the price.
And after that we have a second line that gets plotted from the 9 section so basically, it’s a moving average for the MACD line so it tries to smooth the MACD line and give us some signals and it's called the signal line.(it's called a signal line because that's where we get our buy and sell signals from)
So on top of that, we have another part in this indicator which is called the histogram. So this histogram job is to show how close these lines will crossover, so when the distance between the MACD line and the signal line is far the histogram gets bigger and bigger.
So how do we use this indicator :
1) Crossovers between the MACD line and the Signal line.
* When the MACD line crosses above the Signal line then its a buy signal (Bullish Crossover)
* When the MACD line crosses below the Signal line then its a sell signal (Bearish Crossover)
2) The Histogram .
A lot of people use histograms as a way to predict when a reversal will occur.
We know that the MACD is a momentum indicator so it can show us when sell pressure is low. And that means it might be a good time to buy. And It can tell you when your long position is about to run out of steam and when you should exit.
3) Divergences between the MACD and the Market Price .
A Divergence means that the indicator is not moving in sync with the Market Price and a Reversal could happen (Note that Reversal trading is risky so please calculate your risks before using this Strategy)
always remember that :
Bullish divergence is when the Market price is going down but the MACD is going up.
Bearish divergence is when the Market Price is going up but the MACD is going down.
I hope I’ve made the MACD easy for you to understand and please ask if you have any questions .
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts and The RSI. links will be bellow
GOLD SPOT (daily time frame) - ShortFOREXCOM:XAUUSD
There has been a strong support level since April 17, after the breakout that occurred on April 13.
Also in the meantime, we can see a near resistance/ support level
I confirmed these strong and near level by circling each testing that occurred on the level
Also EMA 10 & 20 period tends to become the dynamic resistance
Also have same view on 4hr timeframe, check it below
After the turn around on the near support, the market went bullish till the near resistance. And from there, we can see a fake bullish breakout there which i alighted with rectangle , and afterward, the market movement turn downward, towards the near support level ... c
Conclusively, I am having a sell signal on XAUUSD
Trade Setup
Call Type: Short (Sell)
Entry: 1810.00
T.p: 1750.00 (on the near-support)
S.l: 1825.00 (just above the near-resistance)
profit in pips: 60 pips
loss in pips: 15 pips
Risk-reward-ratio: 1:4
Like and drop your thoughts as comment if you agree with me, or otherwise.. lets trade and win together
Please, follow me..i will follow back as well
SNDL is About to Pop! (Fortune Fractal Part #2)***If you haven't read the first post, I would suggest reading that first part to get the full context of what I am about to talk about (check my profile).
We are currently in the second step of what I coined the "Fortune Fractal" Pattern. The price action is around the SMMA 7 line, and it won't be long before a massive move to the upside could happen. I am just waiting for the full retest at the SMMA 7 line. I listed a few of my additional thoughts on what to consider if you plan to enter this trade:
1.) The current price action on the day-chart is showing a beautiful bull flag . These are usually a good indication of a potential move to the upside once the price moves above the flag (of consolidation).
2.) Previous fractals seem to bounce around the pink line on the RSI (around 45.90) and after that the price shoots into the overbought region.
3.) The blue line seems to dip below the yellow line on the MACD slightly before the move to the upside. Additionally, there is sometimes a small red slope on the histogram before it reverses to green.
Keeping all of these factors in mind, I can see a green SNDL explosion very soon if everything plays out right (personally, the set up with the price action couldn't get any better).
***Please remember that I am NOT A FINANCIAL ADVISOR, this is simply my way of analyzing the SNDL stock using fractal analysis. Do your own Due Diligence!
PLTR respects the signals. You should too! See why!Busy chart. Stick with me though and I'll explain why I see $PLTR retracing one more time before we head off to +30 territory.
Lot's of bulls on here, and I'm with you - but I think we need to wait before we empty out the coffers and pledge our unwavering allegiance to Palantir .
Technical traders rely on the tenant that history will repeat itself. Let's look.
RSI:
For this idea, you can basically discount the top chart showing the actual price movement. I want to highlight how well $PLTR respects RSI and MACD . Looking at the RSI channels I have highlighted in red and green, you can see the price action strongly correlates with overbought/oversold . I use 80 and 20 as my cutoffs. Keep in mind this is a 30-min chart, so the wacky-wild whips are taken into account. $PLTR is a beast because you can trade it as a day-trade stock but you can also count on large movements over time.
I have added alert symbols at key overbought points. $PLTR respects the overbought, big time. People take profit quite predictably and we see long stretches of retracement. Now, you can pair these with the price action on the top chart.
MACD:
MACD continues to be the most reliable indicator I've bet on. ...and it makes sense as the MACD really pops out the sentiment shifts! $PLTR really seems to react to MACD crossovers that occur +-0.25. I don't know why that's the case - it's just clear as day though that longer-term shifts obey the call of the +-0.25 crossover events.
I've highlighted this zone in purple.
Putting it all together:
I've added vertical orange bars to signal nice shifts where we see BOTH a RSI and MACD confirmation event! For our purposes, let's look at the last orange bar. I spy a durdy little MACD crossover, as well as an oversold RSI event... I wanna be bullish with $PLTR. I just need to wait though. You can see the insane support levels at 20 and 18 on everyone else's charts - it's been done 1000 times. Let's look beyond the veil of price action though and see what $PLTR is telling us. Coy little stock...
I'll be buying big time when we see a retracement over the next week or two.
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK!
Play this one carefully...
Good luck!
SPCE 🚀 News - Breakout trade !!Hello Trader,
good mood and profitable trades !
SPCE Virgin Galactic Holdings, Inc
1D chart
Long
Falling Wedge breakout - bullback trade
Fib channels
MACD - bullish cross
Trigger - Waiting for bullback- or bullish confirmation on LTF 🎌
SL - if price falls back in falling wedge or under 0,618 retracement⛔
TP - falling wedge target,0.382 and 0.5 retracement 💰
FUNDAMENTAL : Virgin Galactic succeeds in manned space flight 🚀
www.nasdaq.com
I would like to mention that all I post are just options and my own opinion !
If you like my posts smash the like👍 button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
$TRIP Surge in travel comingHello,
A number of reports have been released in recent weeks that hint at travel becoming red hot as the world pulls out of the covid crisis. With 50% of US adults now vaccinated expect people to use those stimulus checks to book trips and travel. We've all been pent up inside. This is one of the trades I am most excited about For June - August. My personal price target is between 46-52.
Beyond the reports we see the usual hallmarks of bulls attempting to regain control.
1) OBV has flipped the average and accumulation has started to occur
2) CMF has halted the downward decline as buying pressure from the accumulation is taking hold -- meaning that people now believe it may be worth more in the future where as two weeks ago they though it would be worth less.
3) the MACD short term has crossed over the MACD long term. Meaning that suddenly the average price is eating away at that 'negative average loss per day' and is pushing back towards a neutral 0 but with bullish momentum behind it.
This trade is still early on, but it's a good entry price if you're looking for a travel option. I looked at a large number of cruise lines, airlines, and other travel associated tickers. This one looks appealing because it's close to a recent low, has cheap options, and has a good chart--imo.
As always, control your risk, trade carefully. I am not responsible for your trades, gains, or losses. I just find ideas and present them.
Best of luck.
Using the Moving Average Convergence Divergence (MACD)MACD – What it is
The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages:
1. The 12 period exponential moving average – On Tradingview it is the Fast Length.
2. The 26 periods exponential moving average –On Tradingview it is the Slow Length.
The MACD line is calculated by subtracting the 26 period EMA from the 12 period EMA.
The Signal line is the 9 period exponential moving average.
These two lines are then plotted on top of each other. These are the two lines you see when you turn on the MACD indicator.
Additionally, there is a histogram that shows the distance between the two lines. Larger bars tell us that the MACD and Signal are further apart.
When it comes to candles, size matters. The larger the candle the more momentum the trend has.
The histogram will turn green when the MACD line is above 0 (bullish) and it will turn red when the MACD line is below 0 (bearish).
Very bearish momentum is shown above. Photo was taken May 23, 2021.
How to use the MACD
The most important thing to know about the MACD is how to read the relationship between the two lines.
I’ve found that the best timeframe to use the MACD with is daily. This is because the MACD is a lagging indicator and using daily data prevents a lot (not all) of false buy and sell signals.
These signals are:
• When the MACD line crosses above the signal line it is a buy signal
• When the MACD line crosses below the signal line it is a sell signal
Additionally, it is best to use the MACD in a trending market; a market with a clearly defined up or down trend.
Using the MACD with trend lines is a very powerful combination.
The reason for this is that if the market is moving sideways, you can see small fluctuations where the MACD and Signal Line cross but the price does not really go anywhere. These are false breakouts.
Therefore, these signals are not automatic buys and sells.
There are ways of confirming the indications from the MACD chart.
One way is a strategy that uses the RSI and MACD together (which is beyond the scope of this text, but I will discuss in my next article).
Another way is to use the MACD with the current trend. So, if you are in an uptrend and then you see a bullish cross, then this is confirmation that you are likely to go higher.
The same is true in reverse.
Also, please note that the cross over happens well after the price either stabilizes or rises. Again, this is because the MACD is a lagging indicator.
Leading Indicator?
Since the MACD and Signal lines are lagging indicators is there something that can be used in a predictive way?
Some traders use the histogram as a way to predict when a reversal will occur.
Since the MACD is a momentum indicator it can show us when sell pressure is alleviating. Meaning it might be a good time to buy.
This doesn’t always work of course, but with good risk management (stop losses) you can often get into a position well before its breakout.
Conversely, it can show you when your long position is running out of steam and can warn you when to get out.
MACD Divergence
Another useful way to use the MACD is to spot divergences.
A bullish divergence, very similar to the RSI, is when the short-term price trend is going down but, the MACD is going up.
Bearish divergence, also very similar to the RSI, is when the price trend is going up but, the MACD is going down.
Trading this way is sometimes not a good idea because you are trading against the trend. Please practice good risk management if you are trading reversals.
Also, notice the buy signal right before the sell signal that is circled. I really want to hammer home the point that the signals are not automatic buys and sells.
Price action is a great way to confirm the reversal (to the up or down side) of a trend. Because simply spotting a divergence does not guarantee the price will follow.
Final thoughts
As you can see there are different ways of successfully using the MACD. I hope I’ve made a few of these ways clear in this beginner guide.
Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more.
Links to my Fibonacci Retracement and RSI guides are below.
Thanks for reading!
$TAN $SOL etc long term come back?Hello,
The solar sector as seen by $TAN appears to be ready to stage a come back. Money has started to flow into the sector as seen on the CMF and is displaying bullish behavior. On book volume has crossed the average and appears to be showing accumulation of solar stocks. Momentum is returning to this sector. Over the summer months Jun-August we will probably see a solar come back. My favorites for this are
$JKS $TAN $SOL and $FSLR
Best of luck. As always, I am not responsible for your trades. Control your risk. I am not responsible for your profit or loss. I only provide ideas.
$PLTR Re-emerging bullish behaviorHello,
$PLTR appears to be re-emerging as a bull on the 1D and 4HR charts. The on book volume is increasing so someone is buying an holding at this level. The price average is also pushing closer towards MACD 0 which could give rise to a bullish uptrend once again. This will probably take place across June. My best guess is that we could hit as high as 26 by end of june. Higher, if reddit jumps in. This is a long time favorite of reddit so I wouldn't be surprised if it gets a little nuts.
CMF is also showing a push of money over the last week into PLTR which makes sense alongside the OBV. The money that's being put in now though is starting to raise the price so I would argue that at least a short term--possibly long term--bottom is in. Where it goes from here, probably a slow gain towards a bigger burn.
Best of luck. As always, I only provide ideas. I am not responsible for your profit or loss. Trade carefully and at your own risk.