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S&P 500 TopI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I am calling a top in the S&P 500 and the charts pretty much speak for themselves. What is most important to me is the death cross with the 50 & 200 day MA’s along with the 200 flattening out after a multi year trend. I am also viewing the current range as a Wyckoff Distribution pattern. From here I would expect a breakdown of the ice line or one last dead cat bounce to retest the middle of the trading range at $2,700 - $2,725. The 50 day MA also happens to be waiting in that area and if that does get retested then it would provide a high probability short sale entry. Same goes if we get a daily close below the ice line. When we zoom out to the weekly the picture does not get any prettier, in fact it provides very important confirmation. We broke down the 3 year bull trend line and promptly turned it into resistance. The 22 week MA has rolled down, with the price below it, for the first time since the last presidential election. This week also just closed a bearish engulfing candle. According to Thomas Bulkowski: “the bearish engulfing candlestick serves as a bearish reversal in 79% of the 20,000 examples that I studied.”(1) I have been fully out of my S&P longs for over a month and now I’m fully entered into shorts. That is due to the price closeing below the 4, 9, 50 & 200 MA’s on the daily combined with a death cross with the 50 & 200 along with a bearish crossover with the 3 & 9 MA’s. This is confirmed with the weekly closing below the 4, 8 & 22 MA’s with bearish crossovers across the board. If you would like to learn how to use moving averages more effectively then I would strongly recommend subscribing to Tyler Jenks Hyperwave youtube channel and starting with the following video. www.youtube.com (1) thepatternsite.com
FOREXCOM:SPX500Short
by Sawcruhteez
AMD Stock: Inverted V Top at Strong SupportAdvanced Micro Devices has a huge V Top formation that is now hovering above the support level of the sideways range from 2017. The Top is a Severe Inverted V Top created by irrational exuberance from a speculative buying frenzy that was not supported by the company’s fundamentals. AMD stock has peeled off about 50% of its value, which is the typical level at which technical patterns and fundamental values for 2019 coalesce. There may be another sell short run, but this stock now has higher risk for selling short against the potential net run down gains possible. The support from 2017 is strong support. However, many stocks will dig deep into this level of support before any Dark Pool automated orders begin triggering to create bottoms.
NASDAQ:AMD
by MarthaStokesCMT-TechniTrader
MCHP: Semiconductor Stock Topped, Now Look for Strong SupportMicrochip Technologies stock, in the Semiconductor Industry, has a top that completed in early September, seen best on the weekly chart. This is a common top right now. I see it in many topping stocks. The trading range breaks to the downside, usually on company news. The question now is WHERE will it find sufficient support to commence a bottom? The answer lies within the technical and fundamental support levels. The stock is in a bounce to rebound price action over the past couple of weeks. This is not at a strong support level. The support for MCHP stock for a final low is the highs of 2016. This also coincides nicely with the typical bottoming location based on the percentage of loss from the all-time high. About a 50% loss is where many stocks are currently finding support and where some Dark Pool Buy Zones are beginning. These Buy Zones are at the earliest of stages and are not fully developed yet. This provides 2 important analyses for trading decisions: 1. Where you need to cease selling short entirely. 2. Where you need to start watching for a bottoming Dark Pool Buy Zone formation. When you learn to do this type of analysis during a bear market, particularly a trading range bear, then you will be far ahead of the crowd. Keep in mind that many stocks WILL dig deeply into the highs of the 2016 support levels. The highs are just where you need to stop selling short. It is not necessarily the final, final destination of the stock price before a bottom commences.
NASDAQ:MCHP
by MarthaStokesCMT-TechniTrader
BCHSV Binance Target Reached + Elliot Wave and moreIt has been impossible to update my ideas trough snapshots, which was ideally for me, but Last night I did a trade that I think it is worth to share BINANCE:BCHSVUSDT I have been following the crash of BTC, Alt-coins and BCHSV during this couple of week, I applied Elliott Waves Theory to have a better understanding of the big picture of the market. Im not an expert but recently I have been dedicated to learn Elliot Theory and this was the out come. Trading plan: - Entry: 40.15-41.55 (Corrective Wave 2) Stop Loss: 36.50 (Under 1rst Impulsive Wave ((1)) Take Profit: 63.8 ( in My opinion It has over extended but I happy with the outcome of the trade, not feeling that I miss out an opportunity) AS everyone know BCHSV has been making double red digits during all the week, It was quite interesting, because even tho it was nasty to HOLD a bag of BCHSCV, However, it was very profitable to do trades under 5 min time frames, swings could vary between 2 to 7 %. It was very risky so you needed to have a good plan and understand when you should be getting out, mean know what are you doing. (I dont recommend it unless you are confident of your trading skills in that case go for it mate) Timing the bottom (Price 37.50): Timing the bottom it is always hard and not recommended, but since I have been trading this asset from Birth and I been having the time to familiarize with it. We have a Massive drop on BCHSV at 140 per coin to 51 per coin, It happened because it couldn't managed to break resistance Also we had a bearish divergence and not to Mention BTC was crashing, All this translate in a major down momentum by this time I didn't know that we were dealing with a 3rd Elliott Wave, which is the strongest and longest . During this time I was waiting in the sidelines, and I would jump in and out if i see an opportunity. I took this chance to learn Elliott Waves and knowing that we are in a wave 3 give me the perspective and advantage to precisely time the bottom using Elliot theory and Fibonacci retracement Tool. I Got as FINAL target for wave 5, 38 per coin, funny tho, I bought at 38.50 and I did panic sell at around 37.85! And then and ended up buying at the Entry previously mentioned. If I used chart pattern techniques i probably would miss out this entries, I couldn't see a well define double bottom which is one of my favorites chart patterns, Yes we broke a major trend line but that does not mean that we bottom yet, you would need some sort of confirmation, however with Elliot wave + Fibonacci + Chart pattern and Candle Sticks formation. I could get a nice entry even tho I panic at the beginning. Guys Trust your trading plans. Another quite interesting Pattern that I notice when I was counting Elliott wave for BTC was that every time we get a Double Bottom Pattern Elliott waves tend to change from corrective to impulsive waves (from 3 to 5) and it makes the whole sense now that i know but before it was quite a revelation. Another Signal that I personally like to use to time the Bottom and tops was the Bullish and Bearish divergence, It shown as a yellow line, you can see that even tho we broke a new lows RSI did not follow to new lows and it same happen at what I considered Wave 5.
B
by vfxvictor
8
Dow Likely Entering Bear Market: Broadening Top; Bear Flag Ominous portents. Broadening top in September led to the microcrash in October and US Equities have been struggling since. November usually one of the best months for stocks, has only been a down month in 3 years of past 20; those were in Bear Markets... Some very fine textbook chart formations appearing over past few months. The Zig-Zag Correction has led to what appears to be the end of the Great Bull. Fed will hike again next month and if they hike twice more we will get a recession starting in 2019. Earnings have already passed their halcyon days, look at Apple and NVidia, IBM and many other issues already entering bear markets. The power to drive this market to new heights has leaked out of the balloon, I'm afraid. Spent a weekend reading Murphy's Technical Analysis of Financial Markets, Chapter 6: Continuation Patterns is a lovely read, quoted for your reading pleasure: "The Broadening Formation is an unusual variation of the triangle and is relatively rare.... looks like an expanding triangle... also called a 'Megaphone Top.' In other triangular patterns, the volume tends to diminish as the swings grow narrower; in the broadening formation, volume tends to expand along with wider price swings. This situation represents a market that is out of control and unusually emotional. Because this pattern also represents an unusual amount of public participation, it most often occurs at major market tops. The expanding pattern, therefore, is usually a bearish formation. It generally appears near the end of a major bull market." -Murphy, 1999 Revised Ed., pages 140-141. "The flag and pennant represent brief pauses in a dynamic market move. One requirement... is they be preceded by a sharp, almost straight-line move. They represent pauses in which that market 'catches its breath' before running off in the same direction. Flags and pennants are among the most reliable continuation patterns and only rarely produce a trend reversal. ...Flags and pennants are said to 'fly at half-mast' from a 'flagpole,' as they appear at the midpoint of a major move. Pennants and flags on downtrends are completed very quickly, often in only 1-2 weeks, after which the breaking of the lower trendline in the pennant signals the resumption of the downtrend. The break down will take place on heavy volume, and the magnitude of the move is estimated by measuring the vertical distance of the preceding move from the breakout point of the pennant . Flags are small parallelograms that slope against the prevailing trend. Pennants resemble small horizontal symmetrical triangles." -Murphy, 1999 Revised Ed., pages 141-145. Well, this flag started flying on 14 Nov, I reckon it might snap off after the holiday week, maybe sooner, who knows? Expect it to fly a bit higher, to form a right shoulder which might be expected to occur around 25600 on Dow. We saw 25500 very briefly Friday on Trumptweet, another such tweet could top off the flag. Good luck! As always this is an educational post for your amusement and does not constitute investment advice; trade at your own risk!
DJ:DJI
by DaddySawbucks
11
NVDA: Earnings Stock of the DayThis big technology stock reports its earnings today AFTER the market closes. Sometimes the after-market reports are not great reports. On the weekly chart, NVDA shows one of the new tops taught in TechniTrader’s Definitive Guide to Market Corrections course. This is a Sheer Cliff top which is a sudden collapse of price after a trading-range sideways pattern of several months. The decline has been very steep and fast. It is resting at weak support. You can see from Accum/Dist that this stock has been in heavy rotation mode by the Dark Pools since 2017. The stock moved up on buybacks and speculation by smaller lots against the heavy rotation by the Dark Pools.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
Decred volume skyrocketed after Binance listing announcementLast night Binance has announced a new coin that will be listed on the exchange. The chosen coin was Decred (DCR), that will be added on the 24th of October, that is tomorrow. Here is the twit: twitter.com Right after the news price started to move up as well as the trade volume. Trade volume went crazy, and has reached $9,000,000 from just $850,000. This is over x10 times increase in volume, resulting in a 33% gain in less than 24h period. Such rise has made Decred a top 1 gainer from the top 100 coins in the coinmarketcap.com. Most trade volume came from Bittrex and Huobi, but perhaps it will be shared equally with Binance, once DCR will be added to their listings. All-in-all, the market reaction has been extremely positive on these news. At the same time RSI oscillator showing that Decred is overbought, which could result in a correction down especially after such a strong pump. The upper trend line of the ascending channel has been reached, but not broken, along with the 38.2% Fibonacci retracement - a $50 physiological resistance. If/when todays’ high at $52.4 will be taken out, next stop seems to be $60. Not only this is the next physiological resistance but also an important Fibonacci retracement level - 61.8%. On the way up there is one more obstacle that should not be ignored, that is 50% fibs at $55. Currently, further price increase by Decred is a doubtful scenario, while it could have performed a simple pump and dump maneuver, rather than a healthy demand. DCR/USD might need some time to “think” as to what to do next. Either a correction down to $40 area and then consolidation or a break above the recent high, targeting $60 and beyond? Hopefully, DCR will reveal the plan soon. Support: $43 $38 $33 Resistance: $50 $55 $60
D
by CryptalDash
DSS is our NYSE listed technical breakout pick. #79pctUpside ===================== Our New Pick is: DSS Current Price: $1.20 Float: 12.61M Target Price: $2.15 Investor Presentation ======================== Members, Act fast, and start your research on our latest trade idea DSS (Document Security Systems Inc.). We've be scanning the market for the next big bullish breakout opportunity, and DSS really grabbed our attention today. Based on our research, the chart on DSS is showing us a potential upside of nearly +80%. This leader in anti-counterfeit, authentication, and diversion protection technologies, is due to get plenty attention from the Street tomorrow. Here's why.... The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center in Las Vegas, Nevada November 14-16. “Cannabis products are quickly going mainstream which means they are fighting the same threats from fraud as other products. But with less mature supply chains and limited controls to protect against counterfeiting the threat is even greater for cannabis providers. DSS can assist these companies with supply chain security, anti-counterfeiting tools, and even printing and packaging solutions,” stated Mike Tobin, DSS VP Sales & Marketing. The Company’s printing and packaging division, Premier Packaging, offers custom structural designs for folding cartons that are tailored for the cannabis market and their product offerings. Additional competencies include materials management, logistics, converting and inventory management programs; and when coupled with its product authentication technologies, gives DSS a strong value proposition to vertically integrated cannabis brands. “The cannabis market is also heavily regulated with many states requiring tracking from seed to finished product along with proof that taxes and duties have been paid,” added Tobin. “We can provide companies with a comprehensive, very secure solution starting with a digital signature on the packaging all the way through to consumer engagement, including a blockchain-based option.” DSS's customized product authentication solutions are powerful enough to protect against the most sophisticated forms of fraudulent activity, safeguarding brand integrity and value. Based on the Company’s patented AuthentiGuard™ technology, any authorized smart phone enables all supply chain personnel and consumers to easily authenticate products, and with the integrated GPS feature, it also has the ability to report diverted goods. Additional features of AuthentiGuard™ include: True 2-factor authentication Secure tie-in to serialization and codes Traceability from seed to finished product Counterfeit resistant, patented technology which is secure against copying, scanning and high-resolution photography Strong data collection capabilities with unified records management on individual plants & products Iimmediate Bullish Catalysts for DSS: The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center tomorrow Chart is looking extremely bullish at the moment. Float is just 12.61M Zero Insider Selling Within the Past 12-Months On March 19, 2018, DSS announced its partnership with the Hong Kong Logistics and Supply Chain MultiTech R&D Centre (LSCM) to conduct research focused on developing the next generation of DSS’ Brand Protection products utilizing blockchain technology to secure product transactions across multiple channels, including retail and online distribution. About Document Security Systems Inc. For over 15 years, Document Security Systems, Inc. (“DSS”) has protected corporations, financial institutions, and governments from sophisticated and costly fraud. DSS' innovative anti-counterfeit, authentication, and brand protection solutions are deployed to prevent attacks which threaten products, digital presence, financial instruments, and identification. AuthentiGuard®, the company's flagship product, provides authentication capability through a smartphone application so businesses can empower a wide range of employees, supply chain personnel, and consumers to track their brands and verify authenticity. For more information on DSS, visit www.dsssecure.com. Investor Highlights Focused on high-growth commercialization and high-margin licensing opportunities Valuable near-term growth opportunities with AuthentiGuard™ & other technology products Entrance into Asia Pacific market represents significant opportunities within world’s largest counterfeit packaging market DSS is advancing the Authentication Model from reactive to predictive, involving the use of data to validate product authenticity Mobile authentication tool, allows all parties in the supply chain the ability to authenticate Technology platform fills consumer demand for product authentication capability Adding consumer generates very valuable data that will become cornerstone of businessstrategy and intelligence Integration of data from supply chain will enable product origin and tracking, critical in food,beverage, health and beauty markets Technical Analysis RSI is Showing Bullish Divergence 15-Day Moving Average breaking above its 50-Day Moving Average, forming a "Golden Cross" (Major Bullish Indicator). We are setting our price target for DSS at $2.15, which is an upside of nearly +80% from our $1.20 alert price. We are feeling confident that DSS is going to go on multi-day bull run. The chart is looking extremely attractive, and we believe that DSS will hit our target price of $2.15 We are excited to hear what news will come out of the upcoming MJBiz conference. We could be looking at the NYSE's biggest winner tomorrow! As such, we are urging all members to act fast, start their research, and make sure to have DSS up on your screen's and ready to trade. (*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.) Best Regards, The PennyStock101 Team Don't Miss Our Next Huge Winner... Text 'PS101' to '67076' to have our Trade Alerts Delivered Direct to your Cell Phone. (There is no charge. Msg&data rates may apply.) DISCLAIMER This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. 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AMEX:DSSLong
by RedHotStocks
ETH trade - easy crypto trading Bottom / Top Finder Look how easy it was to make money on ETH trades today. I used the Bottom / Top Finder indicator from CryptoRhythms Step 1. Contact Jamie (the heirophant) here on Trading View and get his great indicator Step 2. Load up your favourite chart and add the indicator Step 3. When signal is sell, click SELL on your favourite exchange Step 4. When signal is buy, click BUY on your favourite exchange Step 5. Enjoy profits note: SELL and BUY boxes added as a guide in this idea. mention Flinty for a discount
BITMEX:ETHUSD.P
by paulflint
RavenCoin massive gains over Bitcoin… time to take profit?Following the Binance announcement made on the 11th of October (twitter.com), that RavenCoin will be added to their listings on the October 12, RVN/BTC uptrend has begun. Price surged from 220 up to the recently established all-time high, reaching 824 satoshi. In 10 days Ravencoin has outperformed the Bitcoin by 333%, which is an amazing growth in a very short period of time. There is no question, that after such rally many investors would start to think about fixing their profits, thus selling RVN. Technically speaking, price has reached the resistance at 427.2% Fibonacci retracement level that is 885 satoshis. At first, under the massive trade volume, RNV/BTC broke above the Fibonacci resistance, although failed to close above. Today price has bounced off the resistance, which might trigger a selloff, not to mention the RSI oscillator downtrend trend line breakout. Although, for a strong correction to start, Ravencoin must break below the 773 satoshis support, only then further decline could be expected. In such scenario, price is likely to test either 660 or 550 sats support level, and potentially go even lower. On the upside, daily break and close above the 885 satoshis resistance might be the confirmation of further uptrend. This could be another 115% growth opportunity, as final upside target is seen at 1127.2% Fibs, that is 1670 satoshis level. Based on the percentage growth, upcoming wave up is expected to be very similar to the previous one, which was 117%. Support: 773 661 549 Resistance: 885 997 1109 1221 1333 1445 1557 1669
by CryptalDash
BottomFinder Signals & Profit Analysis XBTUSD last 60 days.BottomFinder just gave a strong bottom signal so I thought a great time to post this, since bitcoin is dumping. Many times this is psychologically the toughest trade to make. Bottomfinder can help you manage that fear at the bottom and conversely the greed at the top! Here is a profit summary for following BottomFinder signals on XBTUSD 1 Hour timeframe for the last 60 days. 21 Trades and 3 losers. The general strategy here is to enter upon the two type of bottom signals and exit upon any sell signal (weak, medium or strong). As you can see I have highlighted the areas where false signals occurred, so you can see where they will sometimes crop up. We have implemented strict filtering, but to eliminate those false signals entirely negatively affects the overall profitability for the algorithm. Accuracy is overall around +/-85% depending on timeframe and coin/stock you are charting. If you notice, I only calculate profit from the OPEN/CLOSE value. I am not including wick position in the profit calculation. So very likely in some instances you would have entered/exited the position in a better spot. See examples below I prefer to be conservative when giving profit analysis though. Always better to over deliver in that department! :) BottomFinder's long awaited update will be released in the coming weeks. Stay tuned for more updates about new features and how to use them!
BITMEX:XBTUSD.P
by theheirophant
1
Going short GBPAUDI spotted a Double Top on GBPAUD with RSI and a resistance level. As we can see RSI is not as strong as it used to be on the same resistance level. Saying so as long as the price docent close above the past high we can make some decent profit. I entered the position early which may allow me to increase my profits but also take higher risk. Furthermore you may want to wait for an extra confirmation. The target was set using volume profile in a range market zone. Stop Loss: 1.86221 Take Profit: 1.81421 Ratio: 34:1
Short
by EmilianoMesa
1
Apple Signals based on Bottom Top Finder indicatorGreetings from the Cryptorhythms Team! I didnt want our name to fool anyone - our indicators are perfectly suited for applying to stocks, forex, commodities, gold, oil, etc. Using Bottom Top Finder on the daily timeframe for Apple, gave you ample opportunities to get in before the massive bull run that started last year. Even if you missed that entry point... the indicator gave wonderful signals for a late entry as well. Historically Apple price has dipped prior to earnings and with a declining RSI and volume, I suspect we will see a small correction to support around $200-$205. Once in this range we will await the bottom signal and enter long. As always, keep an eye on the news as this can influence things greatly (for instance if the trade war negatively effects supply chains). Overall Apple is still a good stock if you have a nice entry for a longer term hold. The major long term buy signal was given in April-May 2016, and so we plotted a few potential returns off that signal. This is to show how long you held the stock compared to your returns. The total return if you were still holding it is over 151%. Even if you were day trading the stock over this period the gains were constant and respectable ranging from 10-30% per trade! Please join us in our telegram channel linked below to chat, or get detailed PDF instructions for the indicators usage. We offer free 3 day trials if you are interested (and we are currently running a 25% off sale)! No subscriptions - you buy the indicator it is yours for life!
NASDAQ:AAPLLong
by theheirophant