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XAGUSD set up for long entry XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This is a relative volume void above and a high volume area breakout is possible or even likely. The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend indicators appear bullish. I assert that spot silver is bullish right now and mining stocks especially junior miners may be ready to take long positions as well. My immediate target for spot silver is 25.75, the recent high pivot in March and then 25.95 the high pivot of December, and then 26.5, the highs of Spring 2022. Played in a leveraged forex setting, the profit potentials are significant.
OANDA:XAGUSDLong
by AwesomeAvani
EL jumps on analyst upgrade LONGEL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023. 2024 might be the year they thrive again. On the weekly chart, EL is back to the support of its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a bit of attention. Trend strength and relative strength were down. I see this as a good entry for a new long position in EL while also looking at ULTA. Targets are the fib zone and a correction / consolidation area on the downtrend so 200 and 250. Now is the time to invest in female beauty.....
NYSE:EL
by AwesomeAvani
DPST a triple leveraged bullish ETF for Regional Banks LONGWhile tracking regional banks DPSt had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There has been no runs on the banks. Larger banks may be taken some business from small banks sattled with securities with diminished value due to rising interest rates and the effect on the face value of those fixed-rate securities. No matter, things are better now. This is not to say the whole banking sector stress is resolved. Banks have enjoyed great returns on credit cards. The 15-minute chart here shows a good overall uptrend within ascending parallel support and resistance trendlines. Price is presently at the bottom of that parallel channel. The relative trend index signal is near zero meaning at least in this instance trend is fairly quiet with low volatility. Relative strength lines have bounced up from the lows of about 20 and now are in the 40-50 range. Overall, I see this as a good entry point for a long-swing trade targeting the top of the channel which I estimate will be about 100 buy the end of next week estimating the trade duration to be 5 trading days. My reasonable opinion is that next week's volatility will be far less than this past week and that DPST will do well. I will also take a look at the KRE and KBE ETFs. I like this as a long setup with a 15% potential for a ver low risk in a stop loss set $.50 below the channel.
AMEX:DPSTLong
by AwesomeAvani
Market Direction - Trend StrengthThe strength of a trend can be a key factor in predicting future price movements. This post will specifically cover how to identify trends, how to determine trend strength, and how to use it to your advantage when trading the markets. Characteristics of a Trending Market To begin, let us understand how to identify a trending market. A trending market is a market that is either making higher highs followed by higher lows (UPTREND) or lower lows followed by lower highs (DOWNTREND). What does this typically look like? Let's see: Uptrend Downtrend Now that we understand how to identify uptrends and downtrends, let's delve further and discuss how to use trend strength to your advantage when trading the markets. Fibonacci Retracement Tool The Fibonacci retracement tool is used in trending markets to determine how strong the trend is. It uses natural numbers to determine the high-probability price levels that the market will hit and continue in its initial direction. This method will use four Fibonacci levels: 38.2%, 50%, 61.8%, and 78.6%. One thing to mention is that in a trending market, the chart is made up of two waves: impulsive and retracement. After an impulsive wave, a retracement wave will usually form; after a retracement wave, the impulsive wave will usually form. The impulsive wave represents the strong momentum of buyers and sellers. The retracement wave shows the weakness of buyers and sellers. Therefore, we must look at the retracement wave when it comes to deciding the strength of a trend. For example, in an uptrend, the impulsive wave will be bullish; therefore, the retracement wave will be bearish. In a downtrend, the impulsive wave will be bearish; therefore, the retracement wave will be bullish. The retracement wave shows the strength of the opposite side of the market. For example, if the impulsive wave is bullish, buyers are stronger. Then, in the retracement wave, sellers will try to dominate the buyers. Therefore, the deeper the retracement goes, the stronger sellers will be than buyers, and the weaker the bullish trend strength will be. With the Fibonacci retracement tool, there are three scenarios to determine trend strength: Strong Trend Strength: 38.2% Fibonacci Retracement Moderate Trend Strength: 50%–61.8% Fibonacci Retracement Weak Trend Strength: 78.6% Fibonacci Retracement The above examples show why the Fibonacci retracement tool can be extremely effective in determining not only how strong a trend is, but also how likely it is to continue past the beginning of the impulsive wave. Bollinger Bands Bollinger Bands are very effective in reading trend strength. Bollinger Bands are based on price volatility, which means that they expand when the market is trending and there are big prices, and they contract during sideways consolidations when the market ranges. Bollinger Bands consist of two outer bands (top and bottom bands) on each side and a moving average in the centre between the outer bands (middle band). One of the main reasons Bollinger Bands are so effective in reading trend strength is that they do not lag as much as other indicators because they always change automatically with the price. Three important points to note when using Bollinger Bands to read trend strength: If price pulls away from the outer band and heads towards the middle band as the trend continues, this is a key indication that the trend strength may be weakening. During strong trends, prices stay close to the outer band and significantly away from the middle band. Repeated pushes into the outer bands that do not actually reach the band indicate a lack of trend strength. Let's see a chart example of Bollinger Bands reading trend strength: As you can see, using Bollinger Bands can provide traders with very useful information about trend strength and the balance between bulls and bears. Price Rejection We do not always need indicators or tools to read trend strength; it is possible to do this just by looking at a naked chart. The way rejected continuations or reversals happen on charts can be a huge indicator of being able to read trend strength. Before understanding the price rejection, it is important to know about the wick or shadow of the candlestick. Upper wick The upper shadow shows that the price went up and then came down again. This indicates that buyers wanted to increase the price, but sellers dominated the buyers to push the price back down. Lower wick The lower shadow represents that the price went down and then came back up. This indicates that sellers wanted to lower the price, but buyers dominated the sellers to push the price back up. Identifying price rejection Traders should first wait for the price to reach a strong support or resistance level. Then, at the support or resistance level, candlesticks will likely make wicks opposite the trend due to the strength of the level. For example, wicks or shadows will form on the upper side at the resistance zone, while at the support zone, wicks or shadows will form on the lower side of the candlesticks. These wicks or shadows are identified as price rejections in the market. Price rejections are very important, especially in identifying trend strength, because they accept or reject the identification of key levels in the market. For example, if you are unsure whether a support zone will hold or break, you can see whether price rejection will occur at that level. Let's see a chart example of price rejection and how you can use it to identify trend strength: The chart above is proof alone that trend strength can be identified by just looking at the price action of a chart. Understanding the strength of a trend does not have to be complex. Trend strength can be identified simply by using the three different techniques we have covered in this educational post. The best thing we can all do as traders is to be simplistic and not overcomplicate things; this becomes especially easier when you accept that nothing in the market is certain. Each market has its own unique market conditions and will not trade rationally all of the time. Therefore, when a trade does not go your way even though your trend strength signals were high and you followed the market, understand that it is just one trade and that the market is completely neutral. It is neither personally on your side nor personally against you. Trade safely and responsibly. BluetonaFX
Education
by BluetonaFX
37
Introducing the Chop and Trend Index (CTI)Get ready to revolutionize your trading strategy with our latest tutorial on the Chop and Trend Index (CTI)! This unique indicator, unlike traditional oscillators, provides a fresh perspective on market conditions by identifying periods of market chop and strong trends. Whether you're trading stocks, forex, or commodities, on any timeframe, the CTI is a game-changer. In this video, we'll break down how it works, how to use it, and how it can enhance your trading strategy. Don't miss out on this opportunity to stay ahead of the market curve with the CTI!
NASDAQ:QQQEducation
by StockJustice
Introducing the Volatility Adjusted ADX (VADX)In this video, Stock Justice introduces you to the Volatility Adjusted ADX (VADX), a powerful tool that combines trend strength and market volatility. Learn how to customize your settings for optimal analysis and how this indicator, with its proprietary mathematical formulation, offers a nuanced perspective on market dynamics. Discover the benefits of normalized data and how to read and interpret the VADX line in conjunction with other indicators. All of this, delivered in Stock Justice's engaging style, will empower your technical analysis toolkit. Be ready to trade safe, trade smart!
NASDAQ:TSLAEducation
by StockJustice
Trade Analysis: $PEPEPEPE has had its short time in the spotlight after crashing 72% from its all-time high- which doesn't mean much for a coin that has only existed for a few weeks. But we're not going to get into the ethics of meme coins in this post, so we'll table that thought and let you wrestle with it. Our goal in this post is to help you understand how to use our "TBO" indicator to recognize where trends begin, signs of when it would be wise to take profits, glaring signs of bearish sentiment, and how to identify re-entry points. #1: "TBO" Open Long (green triangle) signals a confirmation of an uptrend, measuring 1275% from Open Long to all-time high. #2: on faster time frames (like the 4-hour), it's important to understand that faster doesn't equal stronger. In fact, it's the opposite when it comes to indicators. Longer time frames are stronger with indicators, but faster time frames give earlier warning signs and alerts. With that said, when the price is stuck sideways, eventually a red line from the "TBO" will be printed, indicating "TBO" Resistance. These can be considered early take profit warnings/suggestions. #3: whenever the price exits below the "TBO" Cloud, consider it strongly bearish. Usually these piercing events will be quick and fast, and bounce back into the "TBO" Cloud (as we see here on the chart. #4: the red X is the "TBO" Cross Down symbol, forewarning that a bearish cross to the down side could be coming soon (which was accurately indicated). #5: the pink triangle is the "TBO" Open Short, which confirms the bearish trend. Note that Open Longs and Open Shorts will typically be quite late to the trend. Their purpose isn't to give an early warning about a new trend, but to confirm the trend. #6: lastly, for those who are risk-averse, we can use the green "TBO" Support line to identify future support and areas where the price might bounce. While the price did bounce about 12% off the "TBO" Support line, we have to remember that the 4-hour time frame is fast, and therefore weak. We hope that this explanation of the "TBO" in action on PEPE will help some of you understand the power behind this seemingly simple indicator!
Short
by thebettertraders
How to use "Volume Records + Alert" IndicatorThis indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. What Is Volume Analysis? Volume analysis involves examining relative or absolute changes in an asset's trading volume in order to make inferences about future price movements. A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal. The gradual darkening of the bars is a sign of the strength of the trend. Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy. How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu.
BITSTAMP:BTCUSDEducation
by BobRivera990
2