Trendoscope

20:03

Trendoscope Wizard

Hello all, I have made video tutorial on how to use Auto Harmonic Pattern V2. This is not invite only script. But, decided to make a video anyway due to complex nature of the indicator. Please go through it and ask me if you have any questions.

Trendoscope Wizard Updated 

In oversold region - but still in uptrend. Can wait for price to come out of oversold area. VIXFix at peak - showing linerar regression green. Can wait for it to turn lime. Bounced off support area + trend line Positive divergence on OBV

Trendoscope Wizard Updated 

Based on few things: Oversold territory Momentum increasing Vixfix bottomed Also, got signal on market timer strategy!!

Trendoscope Wizard

double bottom pattern detected. Fundamentally strong : with the recovery of healthcare sector, there may be more upside.

Trendoscope Wizard

Steps used for deriving these picks: Put following filters into tradingview screener with timeframe set to Monthly Market Cap : Above 1B Average Volume 90 days : 1M+ Return On Equity (TTM) : Above or Equal to 20 Return On Assets (TTM) : Above or Equal to 10 Return On Invested Capital (TTM) : Above or Equal to 5 Debt to Equity : Between...

Trendoscope Wizard Updated 

Lets hope we don't have to see 12000s again. An attempt in plotting diagonal wave where (4) intersects with (1) to form wedge.

Trendoscope Wizard Updated 

Recovering from dip, still in uptrend, oscillator recovering from oversold, linear regression turning positive. All signs of good recovery. Don’t forget to place your stop.

Trendoscope Wizard

This is not my usual trend following method. This is my experimental no nonstop strategy. Using my multi-band overbought/oversold oscillator which is implying stock is slowly coming out of oversold area. Price seems to be in squeeze and linear regression turning positive. Seems to have crossed downward trend line and holding well. No stoploss. Hence...

Trendoscope Wizard Updated 

But, there still can be deep pullback.

Trendoscope Wizard Updated 

My top 10 buythedip picks: TSLA - 697 ROKU - 367 SQ - 234 Z - 153 BIDU - 266 PYPL - 249 SNAP - 57 FLGT - 104 REGI - 85 FCEL - 17.3 These are considered based on following criteria: Was in clear uptrend before pullback Had deep pullbacks from ATH, yet support level is not broken. Has bounced off a bit from bottom - support level Still lot of room to...

Trendoscope Wizard Updated 

Are things so bearish again? Looking at Nasdaq previous pullbacks - which were 30%, 14% and 10%, this one has just gone back 7%. While it may still fall further, it is still too early to call it a crash. Keep your stoploss intact and play the game :)

Trendoscope Wizard Updated 

With ongoing fraud accusation, lawyers claiming to do the investigation and company response with providing more information, this can go anywhere. However, unusual option activity observed yesterday as someone bought 1281 calls for the strike of 40 expiring Feb 19. This can be high risk and high reward play. Doesn't hurt if you keep small position size.

Trendoscope Wizard Updated 

Last analysis on PLTR was spot on for going long. Can see that price often bounced off 20 RMA Almost at same level as that of last Higher Low Oscillator indicating oversold 30 was strong resistance before last breakout. Which now assumes default strong support. Earnings around the corner

Trendoscope Wizard Updated 

Contraction followed by breakout. I have no idea if there are any expected news. Expect something is going to happen soon.

Trendoscope Wizard Updated 

Last higher low coincides with 20 SMA - which I think can act as safer stop-loss

Trendoscope Wizard Updated 

Another one with a clean uptrend. Considering it tried to break 50 resistance level twice and failed, also price consolidated between 45 to 50 before breaking out, this can act as strong support level. Next levels of support are derived based on pivot lows (both higher lows). Volume on last bar is very high - which might signify exhaustion. Hence, we may have a...

Trendoscope Wizard Updated 

Wedge - whether rising or falling - I presume the next breakout will be on the direction of trend. Build up going on from several days. Good to wait for first big green candle before going long.

Trendoscope Wizard Updated 

We can clearly see how many times price rebounded from 35s and 45s on both sides. We are at next round number 55 which has already failed once to break. And then there is 65 which too has failed to break once. I already have a position, hence, I will just hold with my stop-loss of 45. If not already in, going long after closing above 55 is ideal. Or if there is...