Video
crab reversal scenariobullish crab harmonic:
X=$3.33
AB=0.61 XA
BC=$0.38 AB
1.6 BC=$1.2
2 BC=$1.84
2.24 BC=$2.4
2.6 BC=$3.66
3.6 BC=$11.14
1.6 XA=$55
bearish reversal crab harmonic:
Z=$11.14
3-4=0.61 Z-3
4-5=0.38 3-4
1.6 (Z-3)=1.6 4-3=$4
2 (4-3)=$2.1
2.24 (4-3)=$1.41
2.6 (4-3)=$0.75
3.6 (4-3)=$0.144
This is why I think Gold will head towards 3000+ Dollars Hello traders,
Today I want to show you, based on the Elliot Wave Theory, why I think gold will hit new all-time highs in the coming months / years. I use Fibonacci tools to calculate where possible impacts will be. Let me know what you think of my idea. Thank you for your feedback.
For more information about me see below.
This is not financial advice, it just represents my thoughts on the market.
RL from RT_Trading
$RBLX: Will Delta Reopening Imply Pain For Stay-At-Home Names?We can see some significant underperformance by RBLX as it makes it way to the bottom end of this triangle, as the market begins to favor reopening names like consumer services space evidenced somewhat by XLY's relative strength in the current market, will that mean RBLX will continue to underperform? We shall see. Good luck traders
Everything about the Stochastic oscillator !!!!Hello everyone , as we all know the market action discounts everything :)
A lot of people asked me about the Stochastic oscillator so i prepared this video for you guys explaining it please enjoy .
or if you prefer to reading :
First thing you need to know is that the stochastic oscillator is a momentum index just like the RSI it looks at the price momentum.
A DR.George Lane developed it in the 1950s.
So let us talk about the stochastic oscillator now
it has 2 lines %K (blue color) and %D (Red color)
this is how we use it :
1_ the Stochastic oscillator indicates overbought and oversold state of the market cuz the stochastic is a bounded indicator that means its bounded between 0 and 100 range ( above 80 overbought , bellow 20 oversold )
2_we use it to identify buy and sell signals using crossovers:
• If %K crosses below %D then it’s a sell signal
• If %k crosses above %D then it’s a buy signal
3_Divergance between the price and the Oscillator
We have 2 types of the Stochastic Oscillator:
Fast and slow
The difference between the Fast and Slow stochastic is:
1. The Fast stochastic is more sensitive than the Slow stochastic ( the most common problem for oscillators is the number of false signals that they give so the Slow stochastic tries to solve that problem )
2. Slow stochastic smooths out the %K line by averaging over (d) period
so let me make it simple the %K line in the Slow Stochastic is like the %D in the fast stochastic
Now let us talk about the Formula
%K=100. (C-Ln/Hn-Ln)
Where C is the current closing price
Ln is low in (n) period
Hn is high in (n) period
(n) Is the number of period and the default value for (n) is 15
Now the %D is calculated like this
%D=average %K/ (d) period
(d) Is the number for period and the default value for (d) is 3
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If you have any questions please ask
Thank you for reading & watching .
ZOOM (ZM)| Approaching The Buying Area!Hi,
The price of the well-known video communication software ZOOM has started to approach quite a solid buying area, at least from a short-term perspective.
Long story short, technically, the good buying area stays between $240 to $302 and the criteria are:
1) $300 the mid-round number acting as a support
2) Small resistance level in 2020 become support
3) 2x Equal Waves ending points are in the marked green buying box to add strength in there
4) 50% fall from the ATH (all-time high)
5) Minor lower trendline third touch
6) Fibo retracement 62%
These are the major criteria for this current rejection area, do your own fundamental research and if this matches with my technical analysis then you are ready to go.
The first target stays around $400 ~30-40%
The second one will be the current ATH ~100%
Stay healthy,
Vaido