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PSO

PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX:PSOShort
by Wakeel_Saab
Bitcoin Falls Out of Price Channel as Weekly Indicators DeclineThere has been quite a bit of discussion about Bitcoin and the direction of price. Based on the weekly chart it should become apparent that until the weekly indicators turn up, Bitcoin will have difficult gaining any price altitude. In addition, Bitcoin has fallen out of the price channel formed back in April based on the pivot low of $339.79. The only indicator below the chart that has not turned bearish is the Premier Stochastic Oscillator (PSO), but it - especially - should give reason for pause. Why? Because based on the past, it will likely go negative before cycling back up to positive. How long could it take once it cycles red to cycle back to positive? Probably two or three weeks at minimum. However, the more likely scenario is that it will cycle positive (of course after it goes negative) only after the other indicators have bullish crosses. While many are talking about Bitcoin cycling back up in 2 weeks or so, it may actually take much longer unless something happens that allows the indicators to catch themselves and reverse course. In my opinion, the more likely scenario is the indicators continue cycling down in a process more likely to take several months, rather than several weeks. Just take a look at KDJ and the Ehlers Smoothed Stochastic & RSI with Roofing Filters indicators to get an idea of how long a cycle from top to bottom to top is taking. It isn't two weeks, that's for certain. That doesn't discount getting a bump up, but it does indicate the difficulty Bitcoin price will have going back up significantly higher until the indicator cycles complete.
BITSTAMP:BTCUSD
by TerryKinder
3
Bitcoin Price Descending Triangle. Will Price Move Up or Down?Bitcoin price has formed a descending triangle pattern. As of today price has touched the descending portion of the triangle 3 times and the horizontal portion twice. Based on the length of the triangle, it could take until about the end of the month for price to exit the upper or lower boundary. Price should continue in the same direction it exits from the triangle (if it exits out the top, price will move up and if it exits out the bottom price will move down). Currently watching 4 indicators which are all positive right now: 1) Premier Stochastic Oscillator 2) Elder Impulse System 3) BBImplulse Indicator 4) MACD I have set most of these indicators for a shorter time window in order to pick up a change of price direction more quickly. You could make this your own and tweak the time windows to see how they affect each indicator. Volume (not shown here) is still relatively light. If it continues to be light, my expectation would be for price to resolve to the downside. There appears to be quite a bit of price support in the $550-$560 range so I wouldn't necessarily expect the price to drop below that range right away. Current strategy: If there is another green candle tomorrow with the price above today's high price, and the indicators remain positive, I will likely buy. Would likely set stop at or below low of previous green candle. Price has had quite a bit of difficulty breaking above the $660-$680 range, so a break through the upside of the triangle won't be too significant until $680 is broken. At that point I believe price could accelerate higher.
BITSTAMP:BTCUSD
by TerryKinder
21