similar pattern detected between figures A & B potential long set up potential margin of profit 17% in general, patterns tend to repeat themselves, but that doesn't mean they have to. entry signal: buy the bounce if price breaks above SMA200 & confirms SMA200 as new support exit signal: when RSI becomes overextended @ RSI65-RSI70 stop signal any close...
Coke's Major Keys *Trading above SMA200 *Recently had a strong breakout via gap-up *Break above & close above EMA21 & SMA50 *Recently left known oversold rsi levels *Indicator convergence ENTRY @ intraday momentum supports long term trend @ break above short term EMA EXIT @ overextended indicator levels or any close below trailing stop STOP @ any close below...
USO was recently overextended at the RSI30 area and the price bounced at a common major support level @ 10.67 area. Price action is now breaking above previous resistance @ 11.12/11.13 level (reference 5min chart for clearer view). Price also broke above the EMA10, and is re-testing resistance @ EMA21 key level on the 4 hour chart, signaling the uptrend may...
Taking a look @ MCD price history on the 1WK time frame, labels show a potential pattern correlation of long term uptrends, where the EMA21 level acts as a major support at least 1x before the uptrend reverses. Doesn't mean that it's 100% going to happen again but historically patterns do have a tendency to repeat themselves, and the current price action is just...
MCD update, daily chart labeled w arrows where SMA100 has acted as a major support. Price action also shows a nice gap up from friday's close. The open was above the ema21, signaling intermediate bullish momentum may continue. Intraday chart is also showing signs of potential bullish momentum, as price is currently retesting EMA50 level (previous known...
MCD is showing signs of an overall long-term uptrend pattern, & is currently trading above the SMA200, signaling a possible long entry. On the daily chart, possible cup and handle also forming after a significant pullback occured early/mid September. Also, last session the price opened above, and closed above the EMA21, signaling a potential intermediate uptrend...
ROST price is showing signs of an overall uptrend pattern long term, consistently making higher highs and higher lows. Price also trades above the SMA200, indicating potential bullish movement. Price seems to react best with EMA/SMA levels on the 4 hr chart. Price just broke above EMA10, and SMA100 today, also the last candle stick formed a Long Bullish Candle,...
Created this t.a. mainly to practice "early downtrend detection" but fb may be signaling a potential set up as well. Price is currently consolidating with easily defined support and resistance levels but it is also showing beginning signs of a potential downtrend formation based on the stock's history. Watching for strong break above or below support/resistance...
INCY is rated "strong buy" doesn't mean too much, but price is showing signs of an overall oscillating pattern with peaks forming near a common RSI level around 60. Price is also trading above the SMA200 on the daily chart, signaling potential bullish movement. Friday's close created a large Bullish Candlestick that broke above & closed above both the SMA50 and...
TLT is showing signs of an overall uptrend pattern since Nov '18 on the daily timeframe. TLT price has a history of "breaking into a strong uptrend" after the following pattern/sequence is met: 1. EMA21 fails as support during a pullback, signaling a potential dip buy opportunity 2. Price retests EMA21 as resistance and then breaks back above it, signaling...
CIEN is a long term uptrend pattern. It continues to make higher highs and higher lows throughout & the price currently trades above the 200SMA, signaling a bullish trend may continue. Based on it's history, the price reacts well with the EMA50, as that moving average is a known major support/resistance level. However, price action has "broken below" and "closed...
TLT price action on the daily chart showing signs of an overall long term uptrend pattern, making higher highs and higher lows. SMA50 historically acts as a "Major Support" level and is currently showing signs of a potential support there again. RSI levels recently became oversold around 33 RSI, which may greatly increase the odds of a successful trade when...
WELL WELL WELL Showing signs of a a continuous uptrend pattern overall and currently trading above the 200sma on the daily chart. Price history shows SMA50 is known to act as a major support when there is a pull back during an uptrend. Potential long position available. Price gapped up today showing signs of strong momentum and intraday price has now broken...
SNAP price action showing signs of an overall uptrend pattern, consistently making higher highs and higher lows since January 2019. Price action historically reacts well with EMA21, EMA 50, & EMA100 levels on the daily chart. EMA100 area has shown history of acting as a key support level during a pullback. Price has bounced near EMA100 as the potential bottoom,...
wait for pull back, 1st entry @ ema15 if it confirms as support. If price breaks below ema15, 2nd entry @ 180MA if it confirms as support, look for the bounce. stop set just below ema180