In a previous post about the weekly chart, I touched upon how we were headed toward 50 on the RSI. From there, it had the potential to range between 50 and 45 (within that yellow box), and it looks like we hit the 49 mark and then pivoted. The trend reversal happened once RSI was within fair-market value since it indicates over-bought and over-sold activity. The...
Yesterday after gapping up, the market tested the Jan-17 High/Close. Then broke through 8EMA and closed strong. Now the nearest support level is the short-term moving average - 8EMA. The nearest resistance levels are now at 478.60, together with TRL. It's important to note that yesterday's move was driven by strength in the semiconductor sector as well as the...
Hi Traders, Investors and Speculators of Charts📈📉 As I've said before, I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth...
The RSI indicator shows that the decline in AUDUSD (H1) rate has slowed down at the support zone. Buy stop order can be executed at: 0.65544 Stop loss at: 0.65464 Take profit at: 0.65703 Note: capital management 2%: 25 lot for 100.000$
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. This video and chart helps show you ALT Season is about to start. The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money . Do NOT miss out on this coming bull...
I am cautiously optimistic that the the correction that started since mid July could be finally over and we could begin to see more ups rather than downs going into the final 2 months of this year. SPX did come very close to its H&S target while NQ was 4% shy of its H&S "target" (close enough though!) before we had a bullish reversal this week. One could still...
How we have been trading EURUSD D1 (Daily chart) with our indicators + hand-drawn trend lines. After 10 years of R&D (we have been testing different indicators every day for a decade), we have developed our own Suite of 26 indicators. Here are just a few of them. Indicators names (from top to bottom): - Strength Shows the strength of the market, the...
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The stock was going through almost six months of accumulation. Then it broke above the accumulation zone and moving into the markup Phase. The Relative strength is also positive. Moneyflow and Absolute strength is also positive. The stock is likely to move move up and test the 690 levels. It may face some supply around 620 levels.
Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...
TSLA had been on a wild ride down since peaking on 4th Nov 2021, with many strong bear rallies in between. It finally hit the bottom on 6th Jan this year and began a rather strong rally until early Feb where it started to churn violently for the next 2.5 months, shaking out any weak bulls. A sustainable rally emerged again from 27 Apr and more signs have been...
Analysis: As we can see from price action we're in a clear upwards trend, price is forming higher highs and higher lows which confirms the trend direction. We've seen price break above a previous high and now we're retesting that area for support and we expect that it will hold. At this level we've got the 38.2% fib retracement level which we'd expect buyers to...
The decline seen in the stock in April and early May was halted by the 30 level of the 14-day RSI (purple line) and better-than-expected news. Currently, it is on an upward trajectory, crossing the 50-day EMA (gray line) and retesting this level. This provides support for attempting to surpass the 200-day EMA (turquoise line) at around 25.5. The question is...
Use RSC indicator to spot strong stocks in related sector. Useful watchlists of SPX sector components: AMEX:XRT : www.tradingview.com AMEX:XLY : www.tradingview.com AMEX:XLV : www.tradingview.com AMEX:XLU : www.tradingview.com AMEX:XLRE : www.tradingview.com AMEX:XLP : www.tradingview.com AMEX:XLK : www.tradingview.com AMEX:XLI :...
$PINS Sympathy play off $META As long this is trading above the horizontal level, I am targeting $45 as an initial target.
This ticker popped up on my screener set based on strength. As long price is above the downtrend formed with symmetrical triangle, target is $300. Noticeable pattern: symmetrical tri
$AXP This ticker popped up on my screener set based on strength. As long price is above the swing high point created by the first low in a double bottom, target is $211. No trade at the moment as I wait for potential pullback to 165/166 zone. Noticeable pattern: double bottom
$NVDA This ticker popped up on my screener set based on strength. As long this is trading outside/ above the range, I am targeting $275 as an initial target. I am keeping the stop loss tight below the 192.75 pivot high zone (neckline) Noticeable pattern: inverse head/ shoulder