A nice trading idea on AMC! 🤑Yes, we have something nice going on here! The breakpoint is the 49.79, and AMC has this weird RSI with some good divergences.
We are just at a support level in the 4H chart, doing a good candlestick pattern. If AMC triggers the buy sign, the 65 will be the target! Let’s pay attention to these signs!
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Rsidivergence
All going as planned! 👍 How to proceed now? 🧐Again, PLTR did exactly as we planned, and it did hold around the support area we talked about yesterday. Just like WISH, we have an RSI divergence + advanced breakout. All of this is great, and tells us there’s a good chance PLTR will do something good next.
In the 4H we are still oversold, and we do have a good candlestick, as we expected. Now there’s a good chance PLTR will fly again but remember: Always trade with a strategy! I do have mine, be sure to have yours!
I see PLTR at 25 is it triggers its buy signs!
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Melissa.
Did exactly what we expected! 👀 Now what? 🤓Ok, WISH did exactly as we said yesterday. It is exhausted, and we have many interesting signs around. The breakpoint is the 11.22, we must watch it closely tomorrow!
The RSI has a divergence + advanced breakout, just when the BBs are getting tight again!
We hit the support as we expected we would, at 10.37, and ow we have the start of a reversal. This is fantastic, and I already have a clear strategy for it! The only problem is the RSI that could be more oversold, but that’s ok.
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Melissa.
EURJPY - Bullish Bat PatternA counter-trend trade that we discovered last night has finally touch Point D. Aggressive traders will engage at 130.15(now) and look for the 1st target at 131.23(+107pips), I'm doing an extension target for the second target. Initial Stop-Loss at 129.67(-48pips).
Let's see how this trade rolls out.
BTC/USDT RSI DIVERGENCE (Very Interesting!)BITBAY:BTCUSDT
we are making HIGHER LOWS at the RSI chart and we are making LOWER LOWS at the price action.
I am not the only one seeing this but something that you need to know... Why are we even ignoring this.
Why are we focusing on complex TA than focusing on the obvious ones.
Guys, I know its been a long tiem since I posted here, I have a youtube channel but I am using my native language.
About my absence I thought I had CoV*d this past week or 7 days or so, I don't know what happened but I feel so sick, and even got the symptoms
of the said Virus. I had to stop from working and posting to make sure I am healthy but I am back now. I am still open for your suggestion and love to be proved wrong and even more proving you guys wrong at some point as well in a healthy manner or conversation and acting like grownups.
Thank you guys for still waiting for my post. Hi there 33 Followers. How are you? How you've been coping up; tell me.
I wanna know really. Chat with me at the comment section.
Oh btw check my BTC USD bitstamp. I am still warning you guys please cut off the noise and trade your plan. I am just sharing you what I see and I hate what I saw that time. No one wants losing money. but being bear at the bull is not good and it is way way worse if you become bull at bear market. Trade with me?
BRN - Technicals and Fundamentals Aligning For a Nice RunReasons to be bullish based on technicals as shown on the chart:
Bounce off of EMA 200 at the end of April
Strong accumulation trend shown on CMF 20
As of July 6, lingering in oversold territory on the RSI histogram
Relative volume on an uptrend
Reasons to be bullish based on fundamentals:
Crude oil’s recent resurgence
Recent insider buying
Low float, with retail investors beginning to buzz the stock
NIFTY Weekly price chart - RSI divergence
Sharing idea after long time.....
While going through charts observed this. Nifty weekly chart is having RSI divergence. RSI divergence is extremely reliable tool to predict price action in near future.
Traders need to go back in history and analyze RSI divergence(Bullish or Bearish) with different price charts.
Have marked Fibonacci levels for reference.
In my opinion nifty will witness correction in near future. It is difficult to tell the level to which it will fall. Price is expected to fall take supports at Fibonacci levels and at up trend channel lines.
This is not trading idea, this is for analysis and learning purpose.
Wish all the traders good luck and lots of profits.... :-)
BTC wyckoff - just beatifulThey wyckoff Accumulation continues to play out absolutly perfectly. Maybe a second Spring could still occur.
But i think this scenario is the most likley.
The RSI divergence is crazy on the daily. Once we Jump up from 34000 (.618 line) we should also break the RSI downtrend and make a higher high on the daily RSI for the first time since January. BTC is massivley oversold
No supply left as far as i can tell
.
EURUSD - Bullish Bat on RangeBarWhen the market isn't moving much on my regular timeframe, I've gone to the lowest timeframe(technically it's not a timeframe because it is not time sensitive)
The 5 range bar chart has been my main training strategy and it has brought profit as high as 29% on the 1st 2 weeks of my trade.
As a trader we need to be discipline but able to adapt to the market condition when necessary.
Did exactly what should do. Now, what? 🤨Yes, NIO did everything we talked about yesterday, and it reached the 43s as expected. The resistance around the 38.2% retracement and the 20ma did hold the price pretty well, and today NIO couldn’t deal with it.
We lost the red line, and it already hit its target at the previous bottom, around 43.89. Now the RSI is oversold, and NIO is starting to get interesting again.
The problem is that NIO has a RSI divergence, and an advanced breakdown too. We lost the 20ma and the red line. This means that if NIO doesn’t react as quickly as possible, we’ll just drop to the 42 area again.
For now, it is not a buy, but we must stay alert here, because we might see a buy soon. :)
I’ll keep you guys informed!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
EURJPY - Structure Trade(20Jun2021)Do you remember that last week I've mentioned in my previous post titled, "EURJPY - Trendline" that the Bearish Shark won't form up and you can look for a shorting opportunity on the Trendline for a shorting opportunity, that opportunity alone brings you a 285pips(more than 2,850USD/lot) of net profit, and this is a spin-out trading idea from the Weekly Chart's Bearish Shark Pattern. Imagine how much you would earn if you have engaged in the trade base on the Weekly Chart?
I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity.
I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
USDJPY-Weekly Market Analysis-Jun21,Wk4A Bearish Deep Gartley Pattern has formed, for those who had missed the trade, don't stress up. It is possible that the market can retrace 37pips in the coming Monday for a second chance entry.
A break and a close below 109.93 increase the strength of the bearish movement, hence, the winning rate for traders who had engaged in this counter-trend trading opportunity.
This time, my student has a different view as mine, give him a like if you share the same view as he does.
GBPUSD-Weekly Market Analysis-Jun21,Wk4If you have been following my post closely, you will be aware that I've shared the shorting opportunity that is embedded in the GBPUSD daily chart, that trade has a total movement of 383pips which translate to 3,830USD movement within a few days of market movement.
For counter-trend traders, you can wait for a bullish engulfing candle for a buying opportunity and if the market does retrace towards the sell zone(red box), I would expect a bumpy ride up. Between GBPUSD and EURUSD, I would choose to long EURUSD instead.(check out the link within TradingView)
My student has also shared his view on GBPUSD on the tradingview.
EURUSD-Weekly Market Analysis-Jun21,Wk4Two months ago, I've been sharing the shorting opportunity that EURUSD presents itself. You might just have missed 283pips of pure profits which translate to 2,830USD per standard lot traded, this amount could use to cover middle-class monthly basic expenses, don't miss the next opportunity.
The market also closes below the bullish 5-0pattern and turning 5-0pattern from a buying opportunity to a shorting opportunity.
For counter-trend traders, you can wait for a bullish engulfing candle to form without any candle closing below 1.1845. For trend traders, a retracement back to 1.1978 and wait for a Double Top for a shorting opportunity.
Check out links within telegram for the 2 shorting opportunities that I've shared.
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else.
NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level.
This made the stock go up, along with the 20ma in the 4h chart:
Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence).
This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more.
All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.