URBAN outfitters longAgain, as per my forecast of Sept. 3rd , URBN could go long up to resistance area highlithed.
Buy at market open and TP from 47.72 to 48.50.
Stochastic is supporting this idea and SCTR is high enough for a buy.
Strength
LONG on IBM ready for break out.The overall market did not do so well today. Netflix, Apple and other large tech companies experienced significant sell-offs today as well. Despite all the red across the tech board, IBM managed not only to stay positive, but it has experience some significant buying pressure. IBM is also very close to the 200 sma and is making higher lows towards it on relatively solid volume. The bulls are showing dominance. The volume on the day is about 3.1 million so that is very close to the average of 2.99 million. Increasing volume will be a great confirmation of this move. I have taken a long position, however, I still treat this like all other trades and keep my stop-loss relatively tight just incase there is something I might not be seeing.
AUD/USD finally turns and sets up (idea update #4)This was the sequence I was waiting for all week.
Bears reclaim control with strength, the move slices through the entire zone, THEN price stalls....it's a beautiful thing.
Please refer back to the attached ideas/charts from earlier this week, you'll see my commentary. Specifically, it's the strength of the move through the level that put this pair back into playable territory.
EURCAD SHORT 1H (short term) EURCAD SHORT
4H Chart:
*This chart is displaying that this pair is in overall downtrend
*When retesting structure the seller showed a strong interest for this pair
*Heavy seller strength came in resulting in a lower-low lower close on 4H candle (bearish engulfing
1H Chart:
*This pair had come into structure on the 1H and been SLAMMED down by the seller
*Stronger momentum on seller side
*Look for one last re-test into structure before possible rollover
Always make sure to have a trading plan and to stay discipline to it. Never risk more than 2% of trading capital and always have a good risk/reward ratio.
Cheers!
EURUSD POTENTIAL SHORT EURUSD POTENTIAL SHORT
1D Chart:
*On the daily time frame price had broke/breached recent significant structure around the 1.15300/1.15500
*The 1D chart is in a seller trend
*Strong and healthy momentum by the sellers to the downside
4H Chart:
*4H chart is in an overall downtrend
*This chart will give us a good idea if price comes into significant structure, what the seller strength looks like
*Wait to see strong seller interest on this timeframe in the structure area, if looking to short this pair
1H Chart:
*This chart can be used, if seller shows his interest, to have precise entry based on momentum and candle.
*Use this for good risk/reward setup as well as precise entry if seller shows good strength/interest still
Always make sure to have a trading plan when approaching the markets. It is important to stay disciplined to your plan always and make sure to follow good risk management rules. Never risk more than 2% of capital and always have a good risk/reward to make it a more high probable setup.
Cheers!
$SYNH Good spot for entry$SYNH close to sma50 and trendline support, looks like a good spot for entry and ride this uptrend. Major U.S. indexes closed red, and this stock closed green with 1.06x average volume, that's a sign of strength.
BTC (VOLUME STRENGTH CANDLES) **NEW INDICATOR***INDICATOR:
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON (I changed mine to purple) Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
Is price confirmed by volume?
Can Change the Lookback / Length from 13
Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
FULL volume based LAYOUT: www.tradingview.com
My VOLUME BASED layout below including VOLUME STRENGTH CANDLES Layout www.tradingview.com
volume strength candles
//StokedStocks Volume Strength Candles / Bars (VSC)
//Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback / Length (Strong or Weak Bulls // Strong or Weak Bears)
//Candles / Bars Indicate the Following (default 13 period lookback / Length)
//MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
//RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
//ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
//DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
//GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
//AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
//Is price confirmed by volume?
//Can Change the Lookback / Length from 13
//Can Change the Colors and Transparency I recommend ZERO Transparency to easily identify volume strength
AAPL "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
Is price confirmed by volume?
Can Change the Lookback / Length from 13
Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
INCEPTION BTC EDITIONStudent of the game!
TRIANGLES FOR DAYYYYYSSS. INSIDE OF TRIANGLE INSIDE OF TRIANGLE!
It looks like the power is in the hands of the bears as is to me. A pop upwards would rally shortly with a bigger fall. As you can see, what I was saying in the video I posted earlier....theres stronger sell presence than there is buy (arrows). BTC is playing a game inside of our minds at the moment.
Manipulation has to stop somewhere before 11,7 for sure. I am willing to hold out on gains though it is very tempting to jump in but why gamble in a market you can try to read. Better to play chess while everyone else is playing checkers. I refuse to buy until the language of the charts clears up and we have established a confirmation on which direction is which.
I don't like blaming whales for things on the charts but the reality is that they do carry power and either we play into what looks like a pop higher every time until they burn us bad or we wait out their game and sacrifice minor gains for safer major ones coming up.
Alts I am also looking to get into other than BTC : NEO and NCT (polyswarm)
Stay Frosty, Keep the Patience
FOX slowstoch is coming out the 20 zone.FOX slowstoch is coming out the 20 zone.
Title touched a support at 35.32 for two consecutive days and slowstochastic crossing above 20 could be a good signal of reversing.
Stock strenght is above 65.
Watch the stock and lets see on lower timeframes if there is a entry signal.
Disclaimer:
This is just my tought: don't invest based on this idea.
CAD / CHF strong against the weakTrade is based on rising strength of Canadian dollar on monthly currency strength chart and the correspondent ultimate weakness of Swiss frank right now. Though within daily strength / weakness perspective those currency pairs are on about same level though, slowly they are moving in opposite directions in terms of weakness / strength and this separating move is going to intensify as its just starting. Good buy opportunity.
Facebook, roots don't grow to the center of the earthHere we can see a very scary drop off a cliff. Bears are clearly in control of this market. The industry XLK is not looking great on the short term. I am bearish Facebook but I'd be wary of those lows , lets see what price does there. ZOOM or SUPPORT
ADA (daily) -- 1st sign of strength in months*Disclaimer--I follow ADA but am not trading it currently and have no immediate intentions to do so.
1. Bearish impulsive wave. More often than not, impulsive waves are followed by milder corrective waves in the opposite direction.
2. But buyers came in strongly at support.
3. And instead of the anticipated corrective wave, a bullish impulse wave pushed ADA back up to test upper resistance and the trend line.
4 & 5. Price has so far failed to break resistance..
This is still a bear market but this is also the first time ADA has shown any sign of strength this year. Keep a close eye on price action and the upper trend line
How Weak Is The KIWI This Week?The New Zealand Dollar has been losing a lot of strength these past weeks after achieving a new high of .74 and above. Upon review on a 4H time frame there are some key levels to realize. The nearest target price also the most magnetizing level being the .73116 for its reputation of price revisiting it quite often upon its rise and demise. When tested, we may see a breach to the upside and a continuation of the bullish momentum gained upon its open to test the .735 level and higher the .74 level. As unlikely as it may seem these levels should be considered. However we see a bearish trend on this pair and the .73116 level makes for a very attractive selling opportunity with our targets retesting the low of .72 and perhaps continue lower to .7125 level. The Kiwi needs a lot of bull momentum that it has lost over the past couple weeks to break through the resistance to surpass its previous high and continue higher. Which leads to the conclusion that we will be heading to lower levels unless proven otherwise. The levels provided provide for very attractive risk reward ratios being above a 2/1.
Thanks for reading!
If you found this entertaining or helpful please leave a constructive comment and/or drop a like.
Happy trading! Keep on WINNING!
NZDUSD Where are we heading next?With 4 recent tests of the .74 Resistance level indicates a strong psychological barrier for The Kiwi. A possible correction can be anticipated to gain some strength. A few areas of support that NZD needs to break for a correction to become evident are .72911 and .72746 which dangle below an ascending wedge pattern. Price action currently is resting at the bottom of this formation with a lot of indecision. A bounce off this trend can lead price to reach .734 possibly even .7372 resistance levels which are very attractive levels given the Fibonacci confluence . However patience is key, although a bullish bias can be a more probable option. Price action is at such a fragile level that a watchful eye for a breakout would be beneficial to making a correct decision that produces maximum gains.
Dollar Strength Ahead ?! Looking Like A Longterm Long
We looking on the Dollar Index (DXY), and i love to trade these trend changes.... We see a nice divergence forming down there near a strong support line. Also there is a first daily engulfing pattern formed. Im already in there with a small lot size because stops are 100 pips away and under the lowest swing on the daily chart.
NZD/USD: Minimum 100 pip NZD bounce before USD strength resumesNZD/USD: This pair should offer a nice each way trade this week coming...looking for a minimum 100 pip bounce for
NZD which may extend to 180 pips at limit late Monday/early Tuesday before shorting NZD again as per the comment.
(See also DXY comment for further confirmation and help on timing entry/exit points across most USD pairs. )
Dollar StrengthAs we were looking for decline on the DXY , bulls took over control. Here we go with my weekly analysis on the U.S. Dollar Index;
A (orange)( closed ) : Price clearly bounced on our bullish trendline. Blue area as been broken in the beginning of the week, my bearish bias was completely canceled. No break and no resistance, this direction bias is now closed.
A (blue) : Previously our plan C, I see the DXY showing some significant strength signs;
Blue area as been broken which was our resistance. Next area to watch for a break through is the yellow one.
Price bounced on the bullish trendline.
A nice reverse head and shoulder is forming, looking for a break of the neckline.
Price found support right at the retest level after the trend line breakout, red area.
Support found on both 50(aqua) and 200(gray) exponential moving averages after a bullish crossover.
A nice regular bullish divergence also indicates a nice trend reversal, highlighted by the purple arrows on data and indicator window.
Target is 96.00, optimal trade entry area for shorting.
B (red) : Fake bullish move to the yellow area and by dropping back resulting as a price ranging.
Only price action can determine those bias, even none of them could occur.
Bias as changed for now but still bearish overall, I am currently looking for bullish move on this index, driving all USD based pairs.
Dollar strengh = USDXXX UP / XXXUSD DOWN
Dollar weak = XXXUSD UP / USDXXX DOWN
BTCUSD Higher Highs & Higher LowsBITFINEX:BTCUSD
BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary.
There has also been a trend of decreasing volume throughout the past few weeks with a couple of upticks signalling interest followed by a downturn in volume. These factors coupled together collectively represent a rising wedge and this is known as a generally bearish trend that signals weakening bullish pressure as each rally point becomes smaller.
At the time of writing this, our latest rally hit a level of $4960+ to revisit a resistance zone witnessed at the end of the Month of August. A subsequent breakdown in price could see the price drop back toward $4200 levels before a clean break and strong show of support above the $5000 mark. A shorting opportunity may present itself in that situation.
That being said, there still seems to be significant strength in the market at the moment. On a macro level, the sentiment weighs more in favor of bullish exhaustion in play however the current market trend from a micro time-frame perspective is holding above the 50 MA which as many of you know and trade upon is representative of a trending bullish market.
RSI is currently also displaying some sideways action with upward trend signals gathered from the MACD.
Completion of bullish exhaustion will be evident in the MACD & RSI but the current sentiment displays some strength. In the event of a breakdown, we can rely on the fibonacci retracement level of 0.786.
It should be noted that even with my sentiment being that of an impending breakdown before a clean break past the $5000 level these predictions are on a macro scale so a show of support above that level for a few days will confirm the breakout. The immediate trend is showing good support and will remain bullish until proven otherwise. Remember, the trend is your friend.
If you are uncertain about opening a new position at the moment, whether long or short pay attention to and search for confirmation throughout a number of indicators before you make your decision.
In summary:
BTC is finding good support in the long term especially after the recent price corrections couldn't be more positive.
A possible breakdown would most likely not make it past the 0.786 retracement level of $4200 & a breakout above $5000 would require a good show of support before any more long positions should be considered. On the macro level, the market is pushing upward and a break out of the rising wedge will see quick correction before price rallies back up above $5000.
Investing and/or trading in digital assets like BTC is highly speculative and risks are involved due to a high market volatility difficulty level that doesn't favor new traders and new investors. The analysis expressed here is purely for informational purposes only and should not in any way be considered to be investment and/or trading advice.
DGBBTC Price Sentiment & ReversalPOLONIEX:DGBBTC
After a +1000% price increase in June, DGB has been going through a long-term correction phase with key support holding significantly at 250 Satoshis. This presents a potential entry position for a long play whether short or long term.
BITTREX:DGBBTC
RSI also shows us an interesting pattern replaying. Strength responds in kind after a weak cycle. Consolidation from the month of August shows great uncertainty but this also signals a strong potential uptrend development incoming based on DGB history. A short term play with a buy order at 260 Satoshis and a T.P of about 600 & 800 Satoshis would be reasonable. Potential for DGB to break below its key support level is existent however the trend is our friend and in this case DGB price history tells us that the incoming bottom of 250 Satoshis to complete 100% retracement from the month of June before price reversal is the most potential play.
