On the Quarterly chart - the RSI indicator on Nifty is showing a value of 83% or more indicating it's in Over Bought Zone Back in Jan 2008, the RSI went to a high of 87% and Nifty subsequently crashed -52% from the Highs. After 16 years, the RSI on Nifty is climbing up beyond the 83% mark which indicates "Danger of a Correction" according to many Expert...
Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having ...
We all know about Dollar Cost Averaging positions over time. However allow me to introduce you to a weighted DCA strategy that gets you a tighter average and retains additional capital over time ready to be allocated at "better prices". First take your monthly $ allocation to your desired Ticker *For this example we use $400 added monthly and TSLA as the...
🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)" 🔸we are in stage 3 (expansion) accordibg to my vision.. that matching so likely with RSI indicator...(breaking out multi-month trendline) 🔸must be considerd that the price breaking out a POC line with large green candle too 🔸price now testing the 0.618 fib (golden level) 🔸so...
Huge Bull Pennant BREAKOUT today for #Bitcoin ! Massive VOLUME coming with the move and price closed above 50MA The RSI looks GREAT and I'm leaning Bullish, but here's a Bull & Bear scenario for the next couple months CRYPTOCAP:BTC coming up to critical resistance at $67,3 If we can close a few days above that level we'll range ~$69,6 Then retest $64,6...
RSI Strategy with EMA and VWMA Conditions Objective This trading strategy leverages the Relative Strength Index (RSI) in combination with the Exponential Moving Average (EMA) and the Volume Weighted Moving Average (VWMA) to identify potential buy and sell signals for trading cryptocurrencies on the Cryptohopper platform. How it works: Buy Signal: A buy signal...
OXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.
Hi guys! As always, im looking for macro trends/ signals and critical movements/ developments in the markets. What caught my eye is PAYX. Today it gets the focus as it had Q3 revenue miss and its down 6% pre-market. With panic coming in, ill go over technical developments and the big picture. Lets jump in. We are in the 1 week timeframe (note this weeks candle...
Hi guys. Always on the lookout for major changes/shifts or Macro signals. Yesterdays 40% increase in Krispy Cream Donuts, has me taking a look into this one. This analysis is on the 1 week. Note, the current candle is not yet confirmed. Weekly close is obviously on fridays. I have highlighted 2 zones. COnsolidation range and a Supply zone. We do need to pay...
In its past NFLX got through the Covid downturn with only a 10% correction, then went through a rise into a year of consolidation and finally another big trend up which reversed badly in Winter 2021. After a business model adaption and modification of subscriptions and password/account sharing protections, price has made great gains. On the weekly...
GJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.
Bullish medium term, long term need more info. Lets evaluate once price gets around 35K USD. I am not a financial advisor. This is not meant to be, and does not constitute, financial, investment, trading, or any other types of advice or recommendation.
While coin has been showing some weakness to us, we are looking here for short position opportunities! We are looking here for a breakdown of that "bullish trend," which has been pushing price towards that upper resistance. If we see a good breakdown, then we can start the climb to lower zones, but if we see another bounce from here, then we suggest to DCA the...
As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.
I've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave. Adding to the...
Calling all traders! Get ready for a thrilling opportunity in USOIL (Crude Oil) as we present a compelling bullish setup that is further supported by fundamental analysis. This combination sets the stage for potentially lucrative gains! 💰💥 In the 15-minute timeframe, price retraced to the critical 0.618 Fibonacci retracement level, known for its significance in...
#Asianpaint:- There is bullish divergence between price & it's RSI. Price perfecttly following the upward trendline and again taken support at trendline & Moving toward upside. The price respected the support level and persisted itself at the support level . The market is pulling back after testing the resistance and impulse move. I expect growth from the support...
The price taken support at the demand zone & also perfectly following the upward trendline. The support level previous acts as resistance for the price and after the breakout price taken support at the same resistance level (change in polarity level). COALINDIA ✅Trendline support ✅Demand Zone ✅Support @200 ✅Possible Targets-- 228--- 236 ---258 👉Keep on...