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Regression

Lupin: Will the fundamental heat in pharma continue? Pharma sector constituents are under good traction, whether they are directly racing to find the cure for COVID-19 or just acting as an ancillary medium to main players. Technically, Lupin in particular, after getting out of a constricted regression channel, is in a bull drive with a healthy flag and now halted at a pennant. Here, Volumes are imbalanced both in positive and negative ends. Hence, an gaining a balance towards one end is likely to either continue the trend or reverse the momentum. Point to note here is that the zone between the extended continuation resistance and the demand zone plotted should be considered a no-trade area as it is acting as the current mean and momentum can only be triggered beyond this value area.
NSE:LUPIN
by AdarshMotwani
Briz Trololo Lines Logarithmic Regression - Bitcoin Halvings Using logarithmic (non-linear) regression curve Trololo Lines to forecast the BTC (BLX 1D) price range, and it's trend within the range - based on previous trends influenced by the halving every four years. Not as exciting as Stock-to-Flow models, but pretty close up until 2023 when Stock-to-Flow launches from 100k in 2023 towards 1 million in 2025 (not shown) - Trololo Lines say otherwise. If BTC price bust 100K by 2021 and stay above it, then I may negate the Trololo Lines - but until then, this chart will be my guide (NFA).
BNC:BLX
by MattBriz
10
Reversion To The MeanI have used the Regression Tool available on TradingView, to plot the SPX Monthly Chart going back to 2009. What I observed is that on 2 occasions, (points which are marked with arrows as A and B), the SPX went above the Upper Limit and then immediately fell back to within the channel. At Point A, it returned back to the Median and then followed a gradual upward path towards Point B, whereupon, the SPX Monthly then fell sharply back to the Median and continued to fall to below the edge of the Lower Limit. Event A took place in the month of Jan 2018 and Event B subsequently worked itself out in the month of September 2018. The SPX Monthly is now again back up and beyond the Upper Limit of the Regression Zone and, if; history repeats itself, then the odds are high that it will exercise Reversion to The Mean again on this 3rd occurrence. I link into a previous post , (about Chart Patterns that tend not to fill) and am of the opinion that 3102 on the SPX will be the Maximum Floor towards which the SPX will revert back to. This is still very much a powerful Bull Market and the Top Is Not In, and may not even be in till perhaps closer to 4000+ (as the Market nears the results of the US Presidential Elections of 2020 in November).
SP:SPX
by supratimbarman
2
EURJPY Bearish Gartley 886 This time im updating the chart on EURJPY. As you can see I spotted 3 potential harmonic patterns in the making on this particular pair. If you take a look at how price reacted to the completion point in the Gartley 886, you can clearly see the rejection and how sellers immediately took control of the market. Besides that, last week closing price took out the median regression trend line and closed below. I am expecting a significant drop, with a minimum profit target of the 38% XA retracement at 120.5xx, but could go all the way towards 62% XA retracement at 118.7xx The best entry would imho happen to be be right now, around 121.3xx. Thank you for reading the analysis Dont forget to like the chart and make sure you leave any comments in the section below I appreciate all support, thank you so much & please keep it coming my way! Happy trading and God bless
Short
by MikulovicFOREX
1
USDJPY Longer-Term View with Regression Trend ToolI have added in another regression trend channel going back to the late 2016 high. That longer-term channel shows the potential upside target for a breakout above the medium-term channel if that were to occur. At this particular juncture, the medium and short-term channels are the ones in play, with a potential or bounce or break of the short-term channel on the radar right now. This is a follow-up post. See related ideas for the original. Use the tool if you like it, discard if it doesn't help you.
Education
by CoryMitchell-CMT
Using the Regression Trend Tool to Analyze USDJPYCurrency charts (or any chart) can look rather chaotic sometimes. Grabbing a regression trend tool may help. You select the tool and the pick the two points...usually a major high and low. The regression tool then finds the line of best fit through the data. You can also add standard deviations above and below the regression line, resulting in a channel. The result will be slightly different than a drawn channel because it is essentially highlighting the average price action between two points in time. I have used the tool twice on the USDJPY chart. The larger one shows the price is near the top of a larger channel. The smaller shows the price is near the bottom of a short-term channel. This helps highlight some potential trading opportunities. If the price consolidates here and moves higher (would use 4-hour chart), it is a buy trade into the top of the small and larger channels. But if that occurs, once the price reaches the upper channel, watch for a potential short (or break to the upside). Alternatively, if we head lower from here, that will break the short-term rising channel, and indicate a pretty big downward move based on the larger channel. You could freehand draw these channels as well, but sometimes a crazy one day move will obscure a pattern that the regression highlights. For example, the regression filters out that one day drop on Jan 2 2019....without the regression (or without ignoring that long candle wick) it is hard to see the channel. You could also go back further in time and add in additional regression channels to provide a larger insight into where the currency pair is within its cycle. Want more like this? Discuss trades in my free swing trading Facebook group: www.facebook.com
Education
by CoryMitchell-CMT