Multi
The Case for a Multi-Year Bull Market ContinuationWas the last 17 months a breakout consolidation with a new multi-year Bull Market to follow? The DJI chart examines the previous multi-year Bear Markets with initial breakout consolidation and ensuing Bull Markets. Similar market structure is now in place for the Bull Market to continue. Time will give us the answer.
Contrast Weekly vs Daily Timeframe OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before purchase - 220 and 125 or 200 and 140 strike price might be ideal. Also don't wait to long to purchases options contract, because as directional price movement becomes more apparent and as Implied Volatility creeps up the more expensive the options become.
Additional Time Frame overlay
Different time frames can be selected via controls
study("Add TimeFrame", shorttitle="TF Layer", overlay=true)
res = input("240", type=resolution)
o = security(tickerid, res, open)
h = security(tickerid, res, high)
l = security(tickerid, res, low)
c = security(tickerid, res, close)
col = c >= o ? lime : red
plotcandle(o,h,l,c, color=col)
pennies to thousands solar candidateon hourly coming out of cloud
money flow excellent see our book on price and volume rules
macd crossing
watch for exit at daily cloud see our exit strategy in our book have 40 years of trading experience
pennies to thousands oil and gas candidatemacd crossing get our book to know when to cut small losses and let winners run after you take your money off table
relative strength strong above cloud
cci and percent r upper range see why that is important in our book
we are looking for multi baggers
pennies to thousands long on weak dayvolume good
macd crossed
cci and percent r good band
money flow good
relative strength good
pennies to thousands candidateran big last time
above cloud
j hook see our book on patterns
cmf strong
cci and percent r
macd crossing
cci strong
brazil gold and uranium long term playprobably pull back to cloud then take off
get our book on playing fib pullbacks on amazon
management owns 25 percent
no debt lots of cash
projects in safe areas