GOOGLE : Signal of the dayToday I share this signal on Google in which, as summarized in the image, it satisfies several criteria for a Long entry.
With the use of LuBot, we see:
1. A last Swing Long signal dating back to March 16 which indicates the direction of the subsequent entries to be made.
2. SBS (start bullish structure) signal indicating the start of the short-term bullish structure
3. The TrendCloud is positive and the moving averages are also in a bullish configuration, the price has made a retracement in the last few days, moving right onto the TrendCloud which supports the new start.
4. Breaking of the trendline of the decreasing highs of the last few days
5. The predictum is in the Long phase
6. LuTrender returns positive on the Daily timeframe, it was already positive on the Weekly
7. The EVE (volatility indicator) indicates a likely increase in volatility, but it hasn't passed the excess level, so we are still in a good buy zone.
On the other hand we have a resistance area between 127-128 as can be seen from the two red levels on the graph + the Predictum which, despite being in the long phase of the bottom, shows a signal of attention, so it wants to tell us that its vision is positive but could still go down before starting up.
The analysis is based on the Daily timeframe, but to have better timing, I will go down to the 4H timeframe in order to wait for a decline and enter on a confirmation trigger.
Considering that the PROS are greater than the CONS, I will take a short term trade with moderate risk. The stop loss could be inserted under the last lows and a take profit on 138 to be managed during the next movements.
👍 What do you think? If you also agree with my view leave a like 😁
💖 Remember to follow me so you don't miss my future analyses.
📊 Get access 🔑 for free to all my indicators for a week, write me to find out how to get free access for life 💥
TAGS: VANTAGE:SP500 , SKILLING:NASDAQ , TVC:DJI
