Rykin_Capital

Rykin_Capital

First target is the channel resistance, then a 1.2 extension on that, which coincides with a 0.618 retrace on the previous drop. Otherwise, the technical in unison are praising the bulls.

Rykin_Capital

We are inside of a triangle, now confidently heading back down off a resistance. VWAP/US duo is resistant and above generally bearish candles, MIDAS is crossed and VZO plus signal offset crossed a few candles ago. BB%PCT is increasing in the negative.

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Downward five wave impulse complete, now bullish engulfing taking price action out of 1.618 vWAP extension cloud, signaling off a pivot. Stoch RSI has just fired off a signal, and yes VZO usually lags it. BB%PCT is heading towards the zero line, meaning weakening trend.

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Plus a reversal signal on the 1.618 vWAP Fibonacci cloud exit. Its a risky reversal take, so a stop loss goes right where the cloud starts up again. We can enter the cloud, but cannot exit in it without calling quits. None of the lagging indicators have fired off yet, which is common on pivot/reversal takes.

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Looks like an end to an Elliott impulse, with the standard 2-4 line and momentum divergence intact. Posing an entry as MIDAS line along with BB%PCT were crossed and crossed the zero line respectively. VZO and Stoch RSI are unreliable because they do not reflect price action here, probably due to all that recent barbwire trading.

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RSX Divergence and crosses on volatility and stochastic indicators below. A strong change in flavor of candlesticks now, despite no cross of MIDAS. This one has been climbing for quite a bit, and now it might be time for a correction if just a temporary one.

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Triple Drive/ABCDE B Wave of a zigzag....maybe. This is a bet on a E Wave yet to form. If fractal rules are obeyed, then next move should be a 1.2 of the previous, which aligns in a very nice Fibonacci cluster at 0.786/1.272. Naturally, the indicators below have just turned to bullish as well almost in unison.

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An interesting fractal picture here. A very flat AB=CD here with a triple drive inside that is bullish. Now looking to the upside. VZO, vWAP, US crossed, BB%PCT heading to the zero line. Kennedy channeling gives some stationary goals.

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Strong bearish candle starts the picture painting. MIDAS cross follows, along with divergent RSX now out of OBOS territory. Would you look at that long combo on BB%PCT, now flipping to bearish. Interestingly, VZO and Ehlers Stoch RSI have been chronically divergent along the fifth wave, which is often seen. Fifth wave has often been attributed to traders big and...

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ABC zigzag complete, now out of OBOS territory and MIDAS curve crossed. vWAP is supportive. BB%PCT crossed zero line and growing, VZO ribbon cross noted as well. One higer low established also. Let's go!

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Sharing 30 day and 6 month annualized PNL and performance relative to the bitcoin market. Your average term deposit will yield 3%, Mutual funds might net 25%, black box brockerage houses will net 50%-60% per annum. We had no difficulty beating all the odds to come out on top. Enjoy the views.

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ABC ZigZag complete. We retraced an upward move, to bounce off a recent low of lows. VZO, Stochastic threw off signals, US and VZO are supportive now. The bullish candle crossed 0-B zigzag line. Good luck and don't lose capital.

Rykin_Capital

A pretty clear bounce of a long term trend line. Four indicators paint a picture of bullish move here to follow.

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Tight trading channel at hand here, technically signaling for a bullish take in this instance.

Rykin_Capital

We are (probably) bouncing off the resistance. That bullish engulfing, VZO cross, Stoch cross, BB%PCT divergent, candlestick cross on vWAP and US are evidence of the bullish stance on this one. Whatever your system is, be prepared to look at the market from multiple directions. I normally use a constellation of five, but usually more, factors to develop an opinion...

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Five impulse is done. Divergent RSX hump present, now out of OBOS territory. MIDAS line is crossed, as is zero line on BB%PCT. VZO has been divergent for a while now, throwing off false signals. Now, there is a VZO signal as well, but in constellation with a multitude of other factors. Ehler's indicator doesn't make a lot of sense in this picture, however.

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A very flat AB=CD, ABCDE retrace on impulse contained within. Now, in OBOS territory, but fairly convincing candle crossing vWAP/US duo. My guess is that was a triple drive contained within AB=CD structure. Another note, the ABBCDE forms an expanding triangle structure, and any triangle is more likely to break out on the flat side. The top side is more flat in...

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And on top of that a few more technical signals acting in unison to suggest a bullish picture. Simultaneous or near simultaneous crosses on VZO, Stoch/RSI. There is a cross of zero line BB%PT. Last candle crossed vWAP and sits on both vWAP and VZO. Fibonacci clusters offer some static profit goals. In practice these are never used and I just throw them in there to...