Copper will dropTechnical Analysis: Both Day and Week timeframes of MACD and 10/30 EMA show that Copper will drop.
Macdcrossover
🚀USDCAD double bottom: bulls ready to charge📈Brace yourself for a game-changing setup on the USDCAD forex pair! 🌟
The charts are showing a compelling buy signal in the 4-hour timeframe, with price bouncing off a solid support level at 1.31400.
But that's not all! The candlestick pattern has revealed a powerful bullish engulfing formation, signaling a potential trend reversal in the making.
Get ready to set your sights on multiple take profit levels: first target at 1.31950, representing the 0.618 Fibonacci retracement. Then, the neckline at 1.32200 beckons as our second milestone, followed by the third take profit around 1.32500, and ultimately, the grand target at 1.32800!
Adding fuel to the fire, the MACD indicator is on the verge of forming a bullish crossover, adding further confirmation to this exciting setup.
Don't miss out on this potentially explosive trade opportunity! 🚀
Respect money management
don't forget to press the like button if you think this insight was helpful🚀
UAL trading in rangeNASDAQ:UAL has been trading in a range since Nov 2021. Currently at the top of the range. On daily its a 2D with Stochastics and MACD pointing downwards. On weekly its an inside bar.
Idea is to go short at the break of weekly low ($51.81). Take profit is at $48.19 where there has been multiple S&R bounces.
Some were too keen on hourly chartsBTC made a cross of the middle lines on the weekly MACD.
It always works reliably.
We can see that it also falls out of the channel.
There was a lot of growth confidence.
The market did its usual trick, went against it.
MAHINDRA & MAHINDRA FINANCIAL SERVICES - Multiple Indicators 📊 Script: M_MFIN (MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY 500 /NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services - Financial Services
📊 Industry: Finance - Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 229
🟢 Target 🎯🏆 - 259
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
How to Use the MACD Indicator?How to Use the MACD Indicator?
🔶 What’s MACD?
That is an abbreviation for Moving Average Convergence Divergence.
This technical indicator is a tool for identifying moving averages that indicate a new trend, whether bullish or bearish.
After all, finding a trend is a key priority in trading because that’s where the greatest money is produced.
A MACD chart typically displays three figures that serve as its settings.
▪️ The first parameter is the number of periods utilized to construct the faster-moving average.
▪️ The second factor is the amount of periods used in the slower moving average.
▪️ The third parameter is the number of bars utilized to construct the moving average of the difference between the faster and slower moving averages.
For example, if you saw "12, 26, 9" as the MACD parameters (which is typically the default value for most charting software), you would read it as follows:
🔹 The number 12 signifies a 12-bar moving average.
🔹 The number 26 denotes the moving average of the preceding 26 bars.
🔹 The 9 is a moving average of the difference between the two moving averages mentioned above.
When it comes to the MACD lines, there is a widespread misperception.
There are two lines:
🔺"MACD Line"
🔻"Signal Line"
The two lines that have been drawn are NOT price moving averages.
The MACD Line is the difference (or separation) of two moving averages. Typically, these two moving averages are exponential moving averages (EMAs).
The MACD Line is the "faster" moving average when looking at the indicator.
The MACD Line in our previous example is the difference between the 12- and 26-period moving averages.
The MACD Line's moving average is the Signal Line.
When viewing the indication, the Signal Line is the "slower" moving average.
The slower moving average plots the previous MACD Line's average. Again, in our previous example, this would be a 9-period moving average.
By default, most charts employ a 9-period exponential moving average (EMA).
This indicates that we are plotting the average of the last 9 periods of the "faster" MACD Line as our "slower" moving average.
The Signal Line's aim is to mellow down the sensitivity of the MACD Line.
The difference between the MACD Line and the Signal Line is represented in the Histogram.
It depicts the distance between the two lines graphically.
It may occasionally offer you an early warning that a crossover is going to occur.
When we look at our original chart, we can see that the histogram grows as the two moving averages (MACD Line and Signal Line) separate.
The faster moving average (MACD Line) is "diverging" or moving away from the slower moving average (Signal Line), resulting in a MACD divergence.
The histogram shrinks as the moving averages move closer together. Because the faster moving average (MACD Line) is "converging" or approaching the slower moving average (Signal Line), this is referred to as convergence .
That is how you get the name Moving Average Convergence Divergence.
So now you are aware of what MACD performs. Let us now demonstrate what MACD can achieve for YOU.
🔸 MACD Trading Guide
Given that there are two moving averages with differing "speeds," it stands to reason that the faster one will respond to changes in price more quickly than the slower one.
The faster line (MACD Line), which reacts first to a new trend, finally crosses the slower line (Signal Line).
It frequently signifies the emergence of a new trend when this "crossover" takes place and the fast line begins to "diverge" or move away from the slower line.
The fast line passed UNDER the slow line in the previous chart, correctly identifying a new downtrend.
You'll see that the Histogram briefly vanished when the lines intersected.
This is due to the fact that there is no difference between the lines at the moment of the cross.
The histogram increases as the downtrend takes hold and the fast line begins to diverge from the slow line, which is a sign of a strong trend.
Let's look at an illustration.
The fast line passed over the slow line in the above 1-d chart of BTC/USD, and the histogram vanished. This implied that the brief downward trend might eventually turn around.
After that, the BTC/USD launched a new upswing and immediately shot up.
🔴 BUT The MACD has one disadvantage.
Moving averages naturally lag behind price. It's only an average of past prices, after all.
Keep in mind that the MACD indicator has three parts:
🔹The MACD Line which represents the difference between two moving averages.
🔹The Signal Line which is a moving average of the MACD Line.
🔹The Histogram which is a graphical representation of the distance between the MACD Line and Signal Line.
However, MACD is still one of the favorite tools of many traders and mine, of course )
If you liked the post and it was useful to you - click <>, let newcomers see! Leave your comments, I'll be so pleased!
Sincerely yours Kateryna
GBPAUD SHORT 4HR TF4H TF: 20EMA crossed the 50EMA to the downside and is currently testing the 100EMA.
Daily: RSI and MACD starting to look bearish
Weekly: I expect a retracement on the weekly TF to at least the 0.236 level, after a bullish run.
GA is still bullish on the monthly TF, so I'd keep an eye on that.
Happy trading!
Testing a Youtube MACD StrategyIn previous articles, I’ve tested moving average crossovers and bounces.
But I didn’t test this famous (or infamous?) indicator related to them…
The MACD.
When I saw a video from TradingLab on Youtube called “BEST MACD Strategy,” I was curious to test his approach.
What’s a MACD Daddy-o?
It stands for Moving Averages Convergence Divergence. It’s meant to help us see momentum in the market.
So we take a shorter-duration moving average and pair it up with a longer one.
We then graph the difference between the two as its own line.
We also plot an MA of the difference, called the “signal” line.
When the signal line crosses over the difference line, we might be seeing a shift in direction.
The farther the signal line pushes away from the other, the stronger the momentum is in that direction.
Note: most charting software, including TradingView, also shows the difference as bars (a histogram).
So how are we gonna test this thing?
The Trading Truth Test Setup
We’re keeping the market and the test period the same as some of the previous tests, for easier comparison.
(The TradingLab video just says MACD works in many markets and timeframes, without limiting it to one for testing.)
Market: the S&P 500 index (using SPY to trade it, assuming SPY is exactly 1/10th the S&P 500 Index price)
Timeframe: Jan 2, 2008 to March 28, 2023
Bar interval: 1 hour
Moving averages: Unlike previous tests, where we used simple moving averages, we’re using exponential moving average here to weight recent prices more.
We use a 200 exponential moving average for overall trend direction.
For the MACD, we’re using the classic 12 bars and 26 bars to see the difference between them. And we’re the normal 9-bar MA of that difference as the signal line.
Starting Equity: $ 25,000
Max % of Equity Per Trade: 3%
Commissions, fees and taxes. To keep things super simple, we’re assuming these are all zero.
Our Test
When we get a MACD crossover between the signal line and the difference line, we look to go long.
But we only go long if:
the last closing price is above the 200 MA, and
When an upside MACD crossover (the signal line crossing up through the difference line) happens below its zero line (the lower half of the plotted indicator area).
We do the opposite to go short…
We short when price closes below the 200 MA and we get a downside MACD crossover above the zero line.
Our stop loss is 1 penny past the 200 MA value when entering the trade.
And our take-profit price is the difference between the entry price and the 200 MA (on entry) multiplied by 1.5. That’s the suggestion in the TradingLab video.
Note: The Youtube video suggests using support and resistance as another filter to avoid choppy markets. But there aren’t clear rules given, so I didn’t do that.
The Test Results
The test ended at $ 30,401.39, up 21.6% with a 46.9% win rate.
The biggest loss from the initial $ 25,000 deposit was $ 270.85, a 1.1% loss.
The maximum losing streak was $ 800.22 or 3.0% (from $ 26,908.66).
That said, the buy-and-hold return was 173.1%.
Quite a reward for sitting on your hands, especially given the tax advantages from long-term capital gains.
Note: I did this analysis in a spreadsheet, with exported TradingView data. If you see any errors, please let me know.
What Test Tweaks We Could Make
We could identify rules on when to stay out of the market.
MACD strategies, like many, get chopped up in sideways price action.
Some other MACD settings might also be interesting to test. We used only the most common settings here.
What would you test? And what else would you like to see tested?
Comment below!
USDJPY: Bearish Continuation TradeUSDJPY Reversed on the MACRO from a Bearish Butterfly PCZ on the Monthly and has since gone down about 15% as seen here:
But recently it's had a bit of a rally as the DXY showed a bullish pattern that it indeed bounced from here:
However it would seem that the USDJPY is showing quite a bit of weakness with the MACD confirming Hidden Bearish Divergence and Crossing Bearishly after price was rejected from the 200 Day SMA and the PCZ of a more Local Bearish Bat and could be a sign that the rally in the DXY will be coming to an early close; but more specifically it could be showing that the JPY will start to show Dominance in the FX Markets again and that this Local Bearish Bat could be what sets off the Bullish Continuation of the JPY Dominance.
WKHS: Bullish 5-0 on the Monthly with MACD Bullish CrossoverWKHS is at the PCZ of a Bullish Gartley on the Daily timeframe.
It's also at the PCZ of a much greater Potential Bullish 5-0 and Reciprocal AB=CD all while Bullishly Crossing Over on the MACD.
If things go as one would expect a 5-0 to go we will see WKHS try to target the $42 Area in an effort to atleast make a 100% Retrace.
MACD: Everything You Need To Know!The MACD indicator consists of three parts: the MACD line, the signal line, and the histogram. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The signal line is a 9-period EMA of the MACD line, and the histogram represents the difference between the MACD line and the signal line.
Let's break this down a little further. The MACD line is a measure of the difference between the 12-period and 26-period EMAs. When the 12-period EMA is above the 26-period EMA, the MACD line will be positive. When the 12-period EMA is below the 26-period EMA, the MACD line will be negative.
When the MACD line crosses above the signal line, it's considered a bullish signal. This indicates that the trend is likely to continue upward. Conversely, when the MACD line crosses below the signal line, it's considered a bearish signal, indicating that the trend is likely to continue downward.
One of the most popular ways to use the MACD indicator is by looking for crossovers between the MACD line and the signal line. When the MACD line crosses above the signal line, it's considered a bullish signal, indicating that the trend is likely to continue upward. Conversely, when the MACD line crosses below the signal line, it's considered a bearish signal, indicating that the trend is likely to continue downward.
But using MACD isn't just about looking for crossovers. There are several other ways to use the indicator to make informed trading decisions. For example, you can use the MACD histogram to identify divergences between price and the MACD indicator, which can signal a potential trend reversal.
SCB | Wave Projection | Pullback Trade @ Bullish Pennant SupportPrice action and chart pattern trading:
> An possible ABC correction scenario with bullish pennant pattern or descending triangle
> The price currently SMA20 crossing below SMA50 with MACD crossing down bearish support indicator
> PULLBACK TRADE @ bullish pennant support level at a further breakdown with local doubled top pattern targeting -4.5% downside to fibonanci 0.786 extension of previous A-wave support level.
> Risk Reward Ratio 3:1
Always trade with affordable risk and respect your stoploss!
Weekly MACD - GREEN lightWeekly MACD crossover reveals the cards ...
so lets go to the MOON & FAR BEYOND !
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ET Stock Analysis(bullish)I feel pretty good about ET, never 100% but pretty good, here are some of the reasons why:
breakout of multiple bottom structure
all EMA's below and the last day closed above 200 on 2hr
no clear resistance until later point
BT cloud flip
Lower TF's already confirming bullish
has been increasing net income
energy sector performing the best
The YTD, yearly performance, and 3 month performace has all been returning great, only this month has been bad
holding trendline support as well
holding golden zone on fib
more bull volume than bear volume in this zone
more flow orders on Bull trades towards bull
RSI curling above 50
MACD crossover as well(forgot to put in video)
TTM Squeeze showing decrease in bear volume(also forgot to put in video)
XAUUSD - daily bullish setupHello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish move, so combining all the factors, we can expect the price to go up to at least 1801, which is the weekly resistance.
AAPL | 4-Wave Triangle Analysis | 5-wave Projection +50%Price action and chart pattern trading signal
> A bullish scenario 4-wave triangle with a local bullish pennant breakout in triangle formation - D-wave uptrend
> price bullish momentum SMA20 X SMA50 and MACD X baseline
> Target 5 wave @ bullish pennant pattern = 1.618 extension of current 4-wave +50++% from expected E-wave support line.
> Stoploss @ C or A wave position -10%
> Risk reward ratio: 5:1
Always trade with affordable risk and respect your stoploss, nothing 100%.
AMC - Bullish Trend to ContinueAMC price has moved back up into the mid $7 range after recently dipping below $6. This upward trend included a potential break-out on 11/11, and this upward trend is looking like it could continue based on technical indicators I watch.
The regression trend midline as presented is providing support on the daily and prior to release of APE this stock had significant price support in the mid-$7 price range. Stoch RSI a tad high but has cooled off slightly, and the stock price could easily continue to move up from here. The Volume Accumulation % has turned bullish as buyers appear to be taking over and the MACD is about to flip above zero. The MACD going positive has resulted in substantial price gains the last two times it has occurred.
Price may want to retest the break-out early next week. Will look at the Option chains on a back-test or pull back for a potential good options play next week. Will likely also look to add to shares. Given the overall chart dynamics, technical indicators, and a uber-resilient OBV, seems to be a fairly low risk entry. Further, have to wonder what the on-going demise of FTX and the associated AMC stock tokens traded on that exchange may have on the price.
Not financial advice.
HINDALCO INDUSTRIES LTD - Bollinger Band + MACD📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500 / NIFTY METAL
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminum
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455.55
🟢 Target 🎯🏆 - 502
⚠️ Stoploss ☠️🚫 - 435
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
HINDALCO INDUSTRIES LTD - Bollinger Band + MACD📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500 / NIFTY METAL
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminum
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455.55
🟢 Target 🎯🏆 - 502
⚠️ Stoploss ☠️🚫 - 435
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
ADANI ENTERPRISES LIMITED - Volume Breakout + Bullish on Chart📊 Script: ADANIENT (ADANI ENTERPRISES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY NEXT 50
📊 Sector: Commodities Metals & Mining
📊 Industry: Metals & Minerals Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3575.70
🟢 Target 🎯🏆 - 3885
⚠️ Stoploss ☠️🚫 - 3417
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Thomas Cook India Ltd - Double Digit + MACD Crossover 📊 Script: THOMASCOOK (THOMAS COOK (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Consumer Services
📊 Industry: Tour Travel Related Services
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 81
🟢 Target 🎯🏆 - 91
⚠️ Stoploss ☠️🚫 - 75
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Delta Corp - Bullish on Chart📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
ASAHINDIA - VOLUME BREAKOUT + MACD CROSSOVER + SMA CROSSOVER 📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 todays volume is much greater then previous trading session volume which indicates volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 624
🟢 Target 🎯🏆 - 676
⚠️ Stoploss ☠️🚫 - 604
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
