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Introducing the Bars Since EMA Touch IndicatorHey there traders, Stock Justice here! Are you ready to elevate your trading game? Today, we're going to delve into an exciting indicator I call 'Bars since EMA touch', or 'BSET' for short. Buckle up, because we're about to kick your technical analysis up a notch! The BSET, at its heart, revolves around the Exponential Moving Average, or EMA. When setting up BSET, you'll be prompted for the length of the EMA, with the default being 9. This number represents the number of bars that will be averaged to create your EMA line. A higher value smooths out the line, reducing noise but potentially delaying important signals. A lower value makes the EMA more responsive, but at the risk of responding to market noise. BSET calculates how many bars it's been since the price last touched the EMA. A positive number indicates the number of bars since the price was last above the EMA, and a negative number shows how long it's been since the price was below the EMA. BSET also uses the MACD and signal line to color-code these bars. Blue and red bars indicate price is above the EMA, with blue signaling an upward trend and red signaling a possible downturn if the bar number is above 3. White and green bars indicate price is below the EMA, with white signaling a downward trend and green indicating a possible upturn if the bar number is above 3. This color-coding can be a useful tool to quickly determine whether a potential reversal is in the making or if the current trend is likely to continue. But that's not all! BSET takes it a step further by keeping track of how often price trends extend beyond certain thresholds, updating these thresholds if necessary. These thresholds, shown as red and green lines on the histogram, indicate the 15% percentile for bull and bear trends, respectively. If more than 20% of trends exceed the current threshold, it's adjusted upwards. This gives you a historical context for how long trends usually last and can help you spot when a trend is overextended and might be due for a reversal. BSET is an innovative tool that combines trend tracking with volatility in a unique way, helping you better understand market dynamics and make informed trading decisions. Just remember, every indicator, BSET included, is just a tool. Always use them in conjunction with other analysis methods and never risk more than you're willing to lose. That's it for now, traders. Keep your eyes on the charts and remember: Trade safe, trade smart! This is Stock Justice, signing off!
NASDAQ:QQQEducation
by StockJustice
📈Ethereum pull back to the trend-line📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the 1854$ level. According to Ethereum's pullback pattern, the price can continue its downward trend until the level of 1694. If the price stays above the 1854$ level, Ethereum's upward trend will continue. Please share ideas and leave a comment let me know what's your idea. CrazyS✌
Short
by CrazyS
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
NYSE:SLBShort
by thessia_
2
Pullback Buy in TGTXBiotech stocks can make huge moves, and this one is no exception. TGTX more than doubled in a month and is showing no signs of slowing down. Slower-trending, blue chip stocks tend to ride their 50-day moving average (red line on chart) on the way up. Stronger stocks tend to hold their 21-day moving average (blue line). But with high-flying honey badger stocks like TGTX, you are lucky to get a pullback to the 10-day (yellow line). TGTX touched its 10-day exponential moving average on Friday, making this the first real pullback buying opportunity since the initial surge. I would consider buying here with an 8-10% stop loss.
NASDAQ:TGTXLong
by rossgivens
Significant Moving Averages positions in the S&P500 weekly chartThe 200-SMA of a weekly chart is probably the main indicator of a secular bull market. It's almost never breakdown, except if a crash happens, and then prices usually come back quickly to the uptrend. Or, the other situation, when an extended bear market begins, and in that case, prices will remain under this MA for a while and the battle around it lasts longer. A common pattern that happens in the first several months of a bear is that the prices meet the weekly 200-SMA, they then pullback to the 50-SMA and, after that, we finally have the breakdown of the 200-SMA. This can be noticed in some previous bears, like in 2001, 2008 and in the 1970s. If we take a careful look at the present S&P500 weekly chart, we will see that this pattern has being built in the last months. Prices did approach the 200-SMA, they then did a pullback to the 50-SMA, and now they're facing difficulty to resume the uptrend, the 4200 level is being almost a Great Wall, not to mention that the yield curve has been inverted for 10 months now (this usually predicts a recession within 6 to 18 months). I think that the bear move is the most probable outcome for the next months. So, for that, I consider that we're now at an excellent point to start trading a major bear move. It is important to try to catch the beginning of such a move so we can collect the greatest possible asymmetry. That’s why in the next few days/weeks I will be very attentive to bearish trading signals in the stocks, and, of course, I will post here any trades that I do. PS: An spoiler: I’m feeling the energy sector (XOM, CVX) has the potential to give us bears a lot of joy. But that is yet to be confirmed.
SP:SPXShort
by thessia_
QQQ: Must React As Soon As Possible.• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022); • It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support; • If don’t, QQQ could easily seek the next support level, which is around 310, and this would frustrate the mid-term bullish bias; • The trend is still bullish because QQQ isn’t doing lower highs/lows yet, and now it is right at the 21 ema again. There’s no bearish reversal signal on QQQ yet; • On the other hand, there’s no bottom signal as well. QQQ must perform a bottom as soon as possible as it just reached its 21 ema in the daily chart. Only then, we’ll see a confirmation signal that the bull trend will resume. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
SPX: Dangerous Correction - What's Next?• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema; • We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart; • Now we see a bullish reaction above the 21 ema, which is a bullish sign, however, the 1h chart suggests that a bullish reversal won’t be that easy: • The SPX is struggling to break the 21 ema, which is working as a resistance level, short-term speaking; • If this resistance works, and we see a top sign confirmed, the index could correct to lower levels, like the 4,049, the next support line in the 1h chart; • In order to see a bullish continuation to the 4,200 it would be good to see the SPX breaking the 21 ema in the 1h chart, and doing a clear bottom signal in the daily chart as well; • For now, there’s no clear bullish reaction, so let’s wait for more confirmation. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
Long Trade in IRDMIridium Communications is a telecom stock in a clear uptrend. Shares have more than doubled over the last 12 months with clear support at the 50-day moving average. The dashed white line on the chart highlights the area I have been watching - the HKEX:62 price level. This has been a key area of support and resistance and a likely place for IRDM buyers to step in and support the stock. The 50-day moving average is here as well which should give additional support. This is buyable here with a sell stop at $60.
NASDAQ:IRDMLong
by rossgivens