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Rsi_overbought

Harmonics + Structure on USDCADHey guys, here on USDCAD we've just completed a Gartley formation on the 4hr timeframe. Obviously this D point lies right at the daily structure zone that you can see looking left. Now, given the circumstances i didn't take this trade yet but i'm waiting some kind of confirmations on the lower timeframe (hourly) or in this timeframe in form of a candlestick or something like that. RSI is already in overbought condition so i think the clues are all there. We just miss the entry trigger. Let's see, keep you updated! If you have questions/ideas, feel free to share. Otherwise, see you in the next chart!
Short
by Roker1
3
1# BTC 5K or 10K ? That is the question.** Freshly in the cryptospace, Here is my coming out on what's is going with Godfather Bitcoin. Disclaimer : I am a learner ; not a technician ** -- ONE-YEAR PICTURE-- Bitcoin is in a HEALTHY, ACCELERATING BULLISH CHANNEL since March, following the exact same cycle : 1) A Quarterly 3-figures Bull Run (800% compounded YTD) that penetrates at least ONE fib level F 2) A 40% retracement from the second fib level F+1 to the fib level F-1, just between the SMA 100 & 150 I would like to confirm that it follows the last 9 month an Elliott Waves (currently ended wave 5?) & allowing ABC corrective waves. * Please correct me if i am wrong! * -- LAST 3-MONTHS-- We are now at the consolidation phase for the (1) last bull run, started the 14th September. There are two opposites scenarios : Scénario 1) BTC Return To 5K : RSI and MACD divergence both indicate strong bearish reversal signal et the major 8000 level ! A last quarter retracement would push BTC at the 6100 and then 5000 levels. Scénario 2) BTC Continue To 10K : Since last week BTC price forms a Bullish Flag consolidation just below the 8000 level. that indicates upward support. Also BTC is not so overbought and DMI/MACD can support further upward movements. At the time i am writing BTC has broken the 8000 level & breakout the symetrical triangle & Bollinger squeeze at 4H and 1H. -- WHAT AM I DOING FOR NEW YEAR ?-- Scénario 1) Track a bounce or a penetration at the 6100 level ; then Look for reversal signs & patterns Double / Triple tops / H&S ; Be prepared to BUY between 6100 and 5000 levels. Scénario 2) Confirm 8000 level breakout at 4H ; Wait for a consolidation of the price at the Mid-8000's and track the next reversal SHORT or bull confirmation to open LONG. PS: BTC is still fundamentaly strong : both as reserve of value for Institutionnal investors and as a reference for newcomers. I am not surprised for a Christmas at 10K Peace out
BITSTAMP:BTCUSD
by tr8zr
1
LONG NEO AT $32Neo looking to come back to support and then make a big/bigger move upwards. Hopefully, everyone has taken profits by now and looking to move back in at $32. It’s 100% overbought (Check RSI) at the moment and will continue to be sold until it comes back. This is a classic example where support becomes resistance. This resistance/support has been stopping NEO from going up since mid October which is the majority of NEO’s life. Be patient and i’ll keep you updated!
BITFINEX:NEOUSDLong
by dcaluzzi
7
Hold Off Buying OmiseGo, Here's Why!Due to the surge in Bitcoin, there has been money leaving the alt-coins which gives us a major opportunity to take profits and jump back in at a lower price. What this graph shows: Both MACD and RSI show that OMG has further to drop (into oversold position). Moving Average (200) is providing fair support at USD $7.00 Wedge showing support at USD $6.80 Analysis: LONG OMG/USD WHEN PRICE DROPS BETWEEN $6.80 & $7.00. Bitcoin expected to have a correction in the near future. This will lead to a surge in the price of OMG.
BITTREX:OMGUSDLong
by dcaluzzi
8
Downtrend Is Resuming!Sub Forex Brothas let's kickstarting this week’s with this hot EU chart! -As you can see on 4-hours chart the price in a falling channel from 2 months, we dig out some pips from it last month==> check it out in related idea, so after 1.1700 major level breaks below I was waiting a chance to short and I guess now we have one! -RSI is chillin’ like a villain on oversold territory, and the price is getting closer to 1.1700 level also to channel resistance line, you can see clearly how the price got rejected twice before at this structure. -Selling at this level could give you a sweet risk-to-reward ratio especially when we are aiming around 1.1450 near to a daily support level and above 38.2% fibonacci retracement level. -In any case, just make sure to practice proper risk management, a’ight? Good Luck Brothas $$$
Short
by YaseenG.Housari
Microsoft Corporation (MSFT) Tends To Drop Post-EarningsMicrosoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline over the next few weeks. We have laid out a study of historical movements for the stock in this article. Will history repeat itself again causing a 5% plus drop? When we look at technical indicators, the relative strength index (RSI) is at 78.4752. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The RSI is currently overbought. This milestone has occurred 112 times and its significance is discussed below. The positive vortex indicator (VI) is at 1.3159 and the negative is 0.6303. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative are at somewhat extreme levels away from their central point of 1. Their current retreat back to 1 typically flags the end of the upward movement while signaling a drop for the stock. The stochastic oscillator K value is 94.8017 and D value is 81.1292. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory. The D value is still well below the K value and it could be a few more days before the D is greater than the K. When this crossover occurs, the stock could be ready to drop. SPECIFIC ANALYSIS Only one other time since 2000 was the RSI and positive VI at or above today's level at the same time the stochastic oscillator was overbought with the earnings call three days away. The stock dropped 5.21% over the following 14 trading days on that occasion. The stock has dropped 12 of the last 17 times from its close price three days prior to the earnings call. Of these 12 occasions, the minimum drop is 0.67%, median drop is 4.40%, and maximum decline is 14.97%. On four occasions since the start of the Dot Com Bubble Burst has the RSI and positive VI been at the same level while the stochastic oscillator was overbought. The minimum days to hit a bottom was 14 and the minimum stock loss was 4.62%. The median stock decline was 5.81% and maximum was 16.54%. On 12 occasions the RSI and positive VI have been near their same levels are higher while the stochastics oscillator was overbought. The stock has dropped a minimum of 3.03% and median of 5.79% throughout these instances. The RSI has closed at or above its current level 112 times since 1986. Over the next 30 trading days from this point, the stock does not always drop, the median decline is 6.86% and average loss is 8.68%. Finally, the stock has been in a discernable trend channel since April 2016. The stock hit the top of this channel on Friday which it has done five other times since it began. The quickest drop from the top has occurred in three days and the slowest bottom occurred in 20 days. The minimum drop from the top of the channel is 3.23%, median is 4.79%, and max is 5.79%. Between all of the aforementioned historics, we are confident the stock could drop at least 3.5% over the following 35 trading days. The significant drop should take shape after earnings are announced around October 26. Remember, even positive earnings have resulted in declines.
NASDAQ:MSFTShort
by StockSignaler
GBPUSD Day Trades using Macd & RSII use a Macd with a 0 level line only. I will use 8-17-9 or 12-26-9 as settings depending on the time frame. I like the 8-17-9 on 5m & 15m. I then overlay on top of the Macd a Stochastic indicator with only the 20/80 level lines with no signal lines. This helps me see when my Macd is over-extended below the 20 or above the 80 to let me know of a pending consolidation or reversal. The entry rules for my long are listed on the chart in green. This pair gave me a bearish reversal signal also. Whenever my RSI is above 80 (or below 20) and price closes outside the upper (lower for 20 level) Bollinger band it indicates a consolidation and/or reversal is pending. Then I watch for bearish candle patterns for the short.
by Tradingstrategyguides
2
Seven Percent Plus Drop In Cards For Ford?Ford Motor Company has climbed quickly in the previous month. Overall auto sales are in rough shape and could be this way for a while. According to the technical indicators and the historics, the stock has a good chance of coming back down to Earth which is laid out here. Ford loves to flirt around the 11 mark. Will it head back to it once more? When we look at technical indicators, the relative strength index (RSI) is at 76. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is overbought meaning the stock could drop in the near term. The positive vortex indicator (VI) is at 1.2375 and the negative is 0.7026. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action has flattened out. I could not locate similar consolidation in this stock for such a prolonged period of time. While this activity is a bit of a wildcard, the positive vortex indicator oscillates up and down as time transpires. With it staying high for a while, it is due to head downward, meaning the stock would drop at least a little (1-4%) soon. The stochastic oscillator K value is 92.15 and D value is 92.44. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory The D value has just overtaken the K value at the time of writing; meaning the decline in the stock should begin within the next two trading days. SPECIFIC ANALYSIS I have created an algorithm (called the SAG gauge) which signals when stocks are truly overbought and oversold. The algorithm indicates when a particular stock meets multiple criteria culminating in an oversold or overbought signal. That signal occurred today which is another indicator of downward movement for the stock. Upon back-testing this indicator, it has signaled overbought status 98 times dating back to 1972. The stock drops at least 1% over the following 30 trading days in ninety percent of these occurrences. The stock drops at least 3.75% seventy percent of the time and fifty percent of the time loses 6%. Even though a drop does not always occur, these number combined with the following statistics have instilled confidence that a sizeable drop is coming. The RSI, stochastic, and positive VI have been at their current or higher levels simultaneously only three times in the history of the stock since 1979. Even though the availability of data points is low, the rarity of such a feat is the biggest signal for short-term traders to consider. Over the next 30 days, the stock always drops at least 7.19% from the date all three indicators are at or above the current levels simultaneously. The median drop over this time frame is 10.17%. If we look solely at the overbought RSI reading and its historics, the stock could drop in upwards of 8%. The RSI has been at or above its current level 139 times in its history. Over the course of the following 35 trading days, the stock retreats an average of 10.03% and a median of 8.27%. Between all of the aforementioned historics, we are confident the stock could drop at least 7% over the following 35 trading days. The best indicator is the flattening positive VI value and the simultaneously high levels of all three indicators. The SAG gauge signal and its historic information support a minimum of 3-5% drop in the near-term as well.
NYSE:FShort
by StockSignaler
1