Bearish divergence and price reversal from up Bollinger Band confirming by RSI and MACD give us an idea about possible down movement. We have to think about short trades. DMI still rises and we can't open short trades based on the daily chart, but we can try to find entry levels on hourly charts. Profit target is 0.8300 level and if price breaks it, we'll have to...
MACD and RSI formed bullish divergence. Also we have a price reversal confirming by candlestick pattern and indicators. DMI confirms down trend, but ADX starts falling and we can open long trades. Search for entry levels on hourly charts or place a pending order above MA20. Stop should be placed below the support level and profit target can be MA100.
If today we have a bearish candle, it will be a good signal for possible correction. It will be a signal for opening new short trades based on hourly charts. Profit targets are the possible reversal zones MA20 and MA50. If price breaks MA20 and ADX starts falling, the market will drop to 4600 level. Probably after that we'll see price bouncing and a new impulse...
We had a signal for a short trade based on bearish divergence. But the market moved higher and our trade was not opened. Now we have a new signal and entry level. MACD and RSI formed bearish divergence and at the same time confirmed price reversal from the resistance level. DMI allows open short trades. Entry level should be below MA20 and stop order above the...
Will NASDAQ move higher and reach 4850? Why not? We have up trend on the daily chart and we can try to make some profit. Price touched MA50 and a bullish candle gives us a signal of possible price reversal. MACD gives a signal for opening long trades. Entry level is above the high of the signal candle. Stop should be placed below the swing low. Profit target can...
The resistance levels which is marked on the 4H chart can be a good entry for a short trade. We have bearish divergence formed by MACD and RSI. Place a pending order below 16770 and stop above 16950. Profit target is Moving Average 100. On the daily chart price is near up Bollinger Band and it can be an additional confirmation for possible down movement.
Here is a good example of how to use technical tools and indicators together. Based on daily chart we could draw a such trend line. It was a trading idea to search entry levels on hourly charts if price could break the line. And we could open a long trade on 1H chart. The trend line was broken, and price bounced from new support line. At the same time we could get...
You can see the examples of 2 trades which could be opened based on the range setup. We have price reversals from Bollinger Bands confirming by RSI. We have MACD reversals as signals for entry. DMI confirms range market conditions. There are several ways for closing profitable trades. Here is one of the variant: when price touches opposite Bollinger Band and RSI...
Price bounced from the support level and we saw good up movement. We could have price reversal when price touched MA20 and starting of down trend. But after a strong bullish candle closed above MA20, the market moved higher. Now price is near the possible reversal zone, where you can see the resistance level and MA100. Probably we'll have following down movement...
On the daily chart price bounced from the support level. Probably we'll have up movement for short term. MACD also starts rising and it's another confirmation for long trades. We have double bullish divergence on 4H chart. Entry level is 40.95 and profit target is near MA100. Stop order can be placed below the support level. It will be the 2nd try to catch up movement.
Bearish divergence was formed by MACD and RSI on 4H chart. ADX starts falling and allows open short trades. The entry level could be below the low of this bearish candle, but I offer to open a short trade when we have solid argument for down movement. And new entry level can be below the support level of the range which we see for several days. If price breaks it,...
On the daily chart we have a signal for possible down movement. MACD falls and DMI does not confirm up movement. We can think about opening short trades based on hourly charts. On 1H chart we have a signal for short trade based on volatility breakout setup. Entry level is below 1335.50 and stop above MA20. Profit targets can be 1320 and 1310 levels.
NASDAQ and S&P500 gave reversal signals from their resistance levels. The same goes about DJ30. We have double top or bearish divergence as you wish. Any way it's a reversal signal with confirmation from RSI and MACD. DMI allows open a short trade. Entry level is below 18530, a stop order must be placed above 18590 and target near MA100. If price returns above...
Price is near the trend line and MA50 which are the barrier for up movement. Probably we'll see price reversal and drop to 1.1000 support line. For confirmation we have to wait when MACD and RSI reverse and start falling. Trades can be opened on daily and hourly charts. Other variant will be, if price breaks trend line and MA100. DMI will have to confirm up...
Price bounced from a resistance level. RSI formed bearish divergence and confirmed price reversal. MACD falls and gives a signal for a possible short trade. ADX also starts falling and it's a signal that strong up movement probably is over. We can think about short trades on the daily chart. Place a pending order below MA20 and stop above the resistance level....
Good news for all who wait for market drop. Bearish divergence was formed by RSI near a strong resistance level. It's the 1st solid reversal signal on the daily chart. Probably we'll see down movement and based on hourly charts we can try to open short trades. There is only one thing which does not support our short trades now. It's ADX confirming strong up...
Price bounces from the resistance level 2186.50 and we have several signals for opening short trades. We have reversal chart patterns as double top, we have reversal candlestick pattern and confirmation from MACD and RSI. Also DMI allows open short trades. And we should try to catch the possible down movement. Entry level is below Moving Average 50. Stop must be...
It looks like price bounces from Moving Average 20. RSI confirms price reversal and DMI allows open short trades. There is only one thing which it's better to have now, MACD reversal. We can search for entry levels on hourly charts with target near this support level which is marked on the chart. When bears come to the support level, we'll ask them about their...