Price in downtrend. Maybe downtrend is over. 50 EMA closing in on the 200 EMA. Maybe bounces off of green support zone. Small position to start with (0.5% of capital). Scale in later. Wow simple.
If price breaks through the 0.57739 level then there is nothing stopping price from tumbling -4% down to the 0.55000 area. Very simple.
20, 60 day moving averages are now below price showing an early indication of a potential trend change. Price has broken out of the upper trendline. Wait for price to break the 0.89000 level which also coincides with the 250 moving average.
Price is in an uptrend Recently broke through resistance Overbought on RSI suggests a pullback soon Enter on pullback Simple.
Following my previous S&P 500 post. Price has broken through the support level. Depending on how Mondays closing candle looks I am debating entering a short position. If we have above average selling volume and a strong closing candle I will take a small short position and add if price continues to fall. Low risk and potential high reward.
A Long above resistance. Enter on pullback or continuation. B Price trades sidways = Wait. C Short below trendline. Enter on pullback or continuation. Simple.
Pros listed in green. Cons in red. From a technical standpoint the S&P 500 looks to be heading south, don't jump into a short position just yet though as price is currently entering into an important level of support. Wait and see how it plays out. From some simple fundamental analysis using my 2 favourite leading US economic indicators we can see that; ISM...
3 Ideas A Short term sell from top of channel. B Long from base of channel, this will be in the direction of the overall trend, trend is your friend (apparently). C Long if it breaks resistance. If price heads south through support levels then look for short entries (obviously). Simple.
Many possibilities here. No one has a clue what direction price could go in. Maybe it puts in a double bottom and heads up, maybe it doesn't. Plan ahead in case things don't work out. Be prepared to short, or sit on your hands and wait. Simple.
1. Price at resistance 2. RSI direction is the opposite of the price direction, divergence?? Simple.
With all trades there are 3 outcomes. Price goes up, sideways, or down. Outcome A If price breaks through the first level of resistance there is another just above, entering a long on the lower time frames would make sense in this outcome Outcome B Price trades sideways so we would do nothing. Outcome C Price breaks through the trendline and heads south,...
Long term downtrend on the higher time frames. Lower time frames show short term uptrend, attempting to take advantage of this by going long off the bounce of the ascending channel. That's all, simple.