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Resistances

Macy's Inc 800%+ PotentialHello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When you look at Macy's Inc on the monthly its at the ultimate all time support! You might not get another chance to enter at this sweet level for a while. With that being said it's most likely to go up from here. As you can see it's been in a major downtrend since July 2018. Previously as seen in May 2009 once that down trend is broken and begins to trade above the diagonal resistance it started to climb. Throughout the years it went up over 800% this is very possible again. If you're willing to Hodl this can play out beautifully in the next couple yrs. Bullish divergence on the MACD and RSI beginning to climb. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Win
NYSE:MLong
by rnaofs
AUD/USD DOUBLE RESISTANCE BREAKOUT|SCENARIO DECONSTRUCTION The strong bullish movement has culminated in the pair breaking out of the strong horizontal resistance, and also of the diagonal falling channel resistance lines. If the breakout is confirmed and the daily candle closes above both levels, then a move up towards two red resistance lines is likely. However, if it does not close above the levels, then, it might return into the channel, or at least retest the minor diagonal support line that is also visible on the chart. In case the breakout is rejected ,the bearish sentiment is then supported by the RSI being close to overbought levels, and also the fact that the pair is generally in downtrend on the weekly. I am slightly bullish biased, but our function is not to take sides but to play the probabilities around the key levels, with the help of patterns and other confirmation giving signals. So we shall wait and see how the situation plays out. Guys, like and subscribe for more updates on the market! Also, feel free to comment.I read and appreciate every comment! Every opinion is valuable for our growing community. Wish you best of luck in your trading!
Long
by ProSignalsFx
8
BTC - The Madness to my MethodI have been experimenting with diagonal support/resistance analysis, and I find that I get a lot of confirmation in back testing and prediction, so I want to share my thoughts to see what others think of it. Also learning that confluence points of diagonal support and resistance lines tend to act as support/resistance. The pink lines are, according to this analysis, the key support and resistance levels; you can see the levels marked on the scale on the right. The BTC chart looks bearish to me, but history shows that halving is quickly followed by a pump, so I'm just going to mark this idea neutral. Personally, I'm hoping for upward price action to start May 26/27, but I don't want anyone to take that as a prediction. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments. And please like this post if you found it helpful. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
BITSTAMP:BTCUSD
by kkarmayogi
Bitcoin Macro Support and Resistance. Down trend for halving?When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down. Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k. This is a re-post of my previous TA with corrected top resistance. REMEMBER Risk Management 50% of trading Technical analysis 25% of trading Fundamentals 25% of trading Don't forget to drop a like! Feel free to engage and ask questions! Best of luck to everyone!
BITMEX:BTCUSD.PShort
by RebelSatoshi