Get started

Oscillators

EURUSD 4H Retest on the Big triangle from DailyEURUSD 4H On this 4H chart we look closer in the current situation. There are a few things to take in consideration: The market structure on EURUSD has changed from Bearish to Bullish with the latest up swing. This transition is indicated from the blue lines and the orange lines The price is forming a double divergence on the MACD and the RSI. This suggests that the price can correct to the previous MH point of the bullish structure which aligns with the resistance of the triangle (now a support for the price) Once the price potentially corrects to that level, it will be important to monitor close in order to determine if this is a retest or a false breakout and get an idea how to trade it
by RTED_Investing
Expedia Could Be Traveling NorthExpedia has gone nowhere for most of the year, but some traders may think the travel stock has begun a northward journey. The first pattern on today’s chart is the bullish price gap on August 9 after earnings and revenue beat estimates. EXPE has made successively higher lows every session since then, which may indicate that buyers are in control. Second, prices are near the 200-day simple moving average (SMA). The stock is also negative on the year (notice its high from early February). Could that longer-term lethargy create opportunity for shorter-term bulls – especially after a strong quarterly report? Third, there could be reason to think it’s happening: Notice how MACD has turned positive and the 8-day exponential moving average (EMA) crossed above the 21-day EMA. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:EXPE
by TradeStation
Voxies (VOXEL)On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC pair. 4) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Now, don’t sit on your hands. Return: No idea
Long
by without_worries
14
Deep dive into Awesome OscillatorsHello, Skyrexians! We continue our series of educational content. Today it's time to consider the Awesome Oscillator, the indicator introduced by Bill Williams in his book "Trading Chaos". It can be very useful in your crypto trading. A lot of crypto trading strategies use this indicator. You can combine it with other indicators to create your crypto trading algorithm, trading bot or manual cryptocurrency trading strategy. Most of top crypto traders and top crypto trading platforms use it in their automated crypto trading. If you will be aware you to trade using Awesome Oscillator will be able to enhance your automated trading bot, manual trading strategy or setup grid trading bot more effectively. We think there is enough arguments to learn how to use this indicator. Let's start our deep dive! What is Awesome Oscillator? The Awesome Oscillator (AO) is a momentum indicator used in technical analysis to measure the strength and direction of a market trend. It was created by Bill Williams and is designed to help traders identify potential reversals or trend continuations. Key Features of the Awesome Oscillator: Momentum Measurement: The AO measures the difference between a short-term moving average and a long-term moving average, using midpoints of each candlestick rather than closing prices. This provides insights into the market's momentum. Histogram Representation: The indicator is typically displayed as a histogram, with bars oscillating above and below a zero line. Green bars represent increasing momentum (bullish), while red bars indicate decreasing momentum (bearish). The Awesome Oscillator is calculated using simple moving average(SMA) as follows: AO = SMA(5-period) − SMA(34-period) Now let's consider the signals which can be produced by Awesome Oscillator with the examples.
OANDA:XAUUSDEducation
by Skyrexio
$SPY August 19, 2024AMEX:SPY August 19, 2024 15 Minutes. Friday AMEX:SPY was struggling around 55 levels as expected. All moving averages are little far off for 15 minutes chart. Hence, I expect sideways until this is sorted out. Considering 2 rises From 531.76 to 555.01 From 548.88 to 555.01 AMEX:SPY in uptrend for the day holding 551 levels. And if breaks 551 levels i have 548-549 as target being 100 averages approximately. 540 is the important levels now to hold to continue this current uptrend as of now. We have clearly oscillator divergence and hence i expect a pull back.
AMEX:SPYShort
by RiderTrader
Second Chance Shorting Opportunity on EURUSDIf you’re looking for a second chance to short EURUSD, there’s a promising setup involving a Type 2 Bearish Shark Pattern with RSI Divergence. Let’s break it down. Current Overview: - Type 2 Bearish Shark Pattern: - What It Means: The first target has already been achieved. This provides clarity on the first target but might reduce participation since the initial group of traders who profited may not re-engage. - RSI Divergence: - Signal: This divergence adds another layer of confirmation, especially for traders who rely on resistance and RSI divergence as their entry signals. Strategy: - Second Chance Entry: This setup offers a second opportunity to short EURUSD, with the RSI divergence potentially attracting a new wave of traders. - Profit Factor: The strong profit factor in this trade is what drew me in, despite the potential for reduced participation from the initial group of sellers. Final Thoughts: While there might be fewer sellers this time around, the RSI divergence could bring in new participants, making this a solid second chance trade. Always keep an eye on your signals and manage your risk effectively. What’s your take on this setup? Are you planning to jump in, or do you see other opportunities? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Short
by RaynLim
AUDCAD - Retracement for Bullish ContinuationFX:AUDCAD is moving upwards, creating higher highs and higher lows after breaking above the descending trend line supported by a previous resistance-turned-support level suggesting that the sellers may be losing control and buyers are gaining momentum! Current price action poses a potential buying opportunity after a pullback into the “Buy Zone". The strategy is to enter a long position within this zone, with a stop loss placed below the defined support, aiming for a continuation of the newly established uptrend.
Long
by Tempo_Trades
BTC Ramped Move to $96KWith wars raging in the middle and eastern Europe, Governments are constantly devaluing their civilians' purchasing power. The King of Crypto, with gold, seems to be a place of refuge from the increasing inflation. We have seen a sideways acclamation over the past 144 days, with a stop run below 52,500 handle to shake out the weak hands. Price rejected these prices and moved strongly back into the range. I believe this to be a wave 4 move, with wave about the develop. The RSI holding above 40 which is the bottom of a bullish trend. 144 days is significant timing for those Gann traders. My target is 96K calculated using fib extension and confirmed by Gann square of nine. The CBIdx indicator is holding above 40 with a small bullish divergence appearing. We Should see ramped movement to the upside in the coming week.
CRYPTO:BTCUSDLong
by TRADER-RI
Rakon NZ long term buying level approachingRakon Monthly chart I'm currently looking at long term investments to hold for years, and noticed this one Current price is $0.80, but I think it could easily fall to $0.41c Downside $0.42c Dividend ~ ~5% at that price level Potential capital gain, 300% gain is pretty easy to get to $1.20, the all time high was $5.80 Could easily hold for a couple of years sell half and make 100%+ on your original money and still own some shares The upside with volatile stocks like this is that there are very few real support or resistance levels on the chart i.e. big bars... these can easily get blown through both ways as there are no major order pools there that take time to fill See what happens but its on my watchlist with price alerts set
NZX:RAKLong
by dionvuletich
Important close for USD/JPY as bullish signals emerge Friday’s close looms as particularly important for USD/JPY with a break back above the Jan 2023 uptrend setting the platform for potential further upside next week. As things stand, another leg higher will fulfill the criteria to meet a morning star pattern on the weekly timeframe, adding to the case for setting longs with bearish momentum also starting to ebb. A close around these levels would create a decent bullish setup, allowing for traders to buy the break with a stop below the former trendline for protection. As for topside targets, 150.90 and 151.95 loom as viable options. From a fundamental perspective, USD/JPY has a rolling daily correlation with US two-year bond yields of 0.97 over the past month, implying the two variables are basically moving in lockstep. With little US data on the calendar next week to shift sentiment on the economy, that provides room for recent moves to extend further in the days ahead. The biggest risk to the setup would be a major escalation in tensions in the Middle East or unlikely extreme dovish shift from Fed policymakers at the Jackson Hole economic symposium next week. DS
Long
by FOREXcom
1
SMH rallies to new highs with room to goSMH rallied to new highs today and into higher trading area which originally appeared to be very overbought 1 hour interval shows both 10 and 20 RSI levels in overbought territory 2 hour interval shows 20 RSI having more room to grow. initially exited riskiest positions figuring on this new high being way outside the bounds of normal This is now looking to have some more room left in it. expect a small pullback or pullback in time over the next day or two.
NASDAQ:SMHLong
by ratchet-mint
US small cap bounce unconvincing despite risk revival The recovery in US small caps has been unconvincing over the past fortnight, struggling for upside unlike mega-cap rivals. Russell 2000 futures have been capped below the 50-day moving average for much of this period, running into sellers constantly above this level. Wednesday’s rejection above 2132.6 warns of building reversal risk, putting a potential break of uptrend support on the cards should US slowdown fears return. If the price were to break the uptrend, traders could enter shorts with a tight stop either above the level or the 50-day moving average for protection, depending on your target. On that subject, the 200-day moving average or 1920 are levels to consider. If the price were to hold the uptrend, a close above the 50-day moving average would negate the bearish setup. MACD and RSI continue to generate bearish signals on momentum, making selling rallies the preferred strategy near-term. Good luck! DS
CME_MINI:RTY1!Short
by FOREXcom
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars
Short
by Novi_Fibonacci
1
NZD/USD looking bullish before RBNZ rate decisionNZD/USD has reversed the downside break sparked by US recession fears, smashing through the downtrend it had been trading in since early June on Tuesday. With RSI and MACD providing bullish signals on momentum, risks are skewing towards further gains ahead of today’s RBNZ interest rate decision. While economists are evenly split on whether the bank will cut rates by 25 basis point, I’m with market pricing that marginally favours a reduction in the cash rate to 5.25%. If that eventuates, we could see the Kiwi pull back initially. However, it will be the rate track path from the RBNZ that will likely drive direction beyond the actual decision, providing clues as to how fast and much the RBNZ expects it will have to cut rates this cycle. Whatever that indicates, NZD/USD finds itself back at the 50-day moving average, a level it has often respected over the course of this year. That creates a great setup opportunity depending on how the Kiwi performs post RBNZ. Buy a break above the level with a stop below for protection, targeting a push towards .6150. Alternatively, if the price can’t break or hold above the 50DMA, sell below the level with a stop above for protection. .6050 would be one target with .5985 after that. Good luck! DS
by FOREXcom
$EL | Allocation | Market Exec | Technical Confluences: - Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level - It coincides with a Demand Zone as can be seen across the price history - Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1 - Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move Fundamental Confluences: - Deep discount on a well-renowned brand - Earnings does not look too good at the moment but they do own some global brands names in beauty care - Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try ________________________________ Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future Long-Term value hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:ELLong
by weekendanalyst
$HIMS | Allocation | Market Exec |Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51 Fundamental Confluences: - Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right - The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them - One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while ________________________________ Putting NYSE:HIMS as part of my medical/health category of my portfolio. Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone). Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:HIMSLong
by weekendanalyst