all we need is 1 news catalyst, and this rocket is taking off to Alpha Centauri
See my previous post... this is another opportunity to short if you missed the last signal.
I've been really liking this channel for the last month. People are short on LPLA because it's at PRICE ACTION resistance, right at the point when LPLA's price dropped overnight. I think this channel will get LPLA to break through the PA resistance. In my book, RSI always takes precedence over the price action, because RSI is relative and allows us to compare...
I was long on FAZ... until the only possible support (which I drew in green) broke. RSI is now testing that green line, and will probably... 1) show uniformity (if you don't know what this is, check out my account info) or 2) hit resistance than bounce below either way, FAZ should be shorted. Not to mention... the RSI is hitting the red trendline. I know the...
Every single RSI high pivot matches up. It's remarkable. Just wait for the RSI to move a little bit higher until it hits resistance, and then short.
I was long on SWN but this resistance line has been screwing me for a month, so I'm just gonna listen to it now.
SRTY hourly RSI still has a long way to go until support, and the sell signal has already been confirmed since RSI has dropped about 10 points already
just watch out for fake outs. I fell for the last one a few weeks ago, right after i posted the same idea. I fixed the boxes so they are more accurate now. I'll link my old idea if you want but you don't have to bother, this is the same one, but better.
How dare JCP spend time around 70. History will show that JCP always gets punished
The RSI channel doesn't get anymore obvious.
Before GOOG can be shorted, wait for a pretty big price spike, since this is what happened the last 2 times this RSI resistance line was met. Also look for a pretty steep angle and acceleration on the RSI, since this is also happened during the last 2 ideal shorts in late 2015 and Feb 2016. Luckily I was able to short the Feb 2016 drop by using this signal. I hope...
RSI Daily is approaching resistance. This diagonal trend line I drew has been very accurate, it helped me short FB during the drop from 110~ To ~90. However, the price might go up a bit more before dropping due to the really strong RSI negative divergence so monitor closely. To be safe, just short now so you won't miss the move. I'll definitely be shorting within...
Notice every time 55 breaks, there's a long down trend in the RSI to somewhere around 32. It's obvious that this is going to happen again, because the downtrend has already been developing for the last several days.
Notice the horizontal RSI trend line, has been resistance since november, and it broke, so it's now support. If this support doesn't hold, which there's a chance it may not since it's overbought, the RSI will reach the diagonal RSI bull trend. This one has a very high probability of holding because it matches the price action's up trend.
I don't use divergence much but it's here for you to see. So there's positive divergence, but what's more important is that back in late 2015 the RSI daily down trend was broken. That spot where it was broken became support, so I drew a horizontal line at support. It's reaching this support line for the first time.
a really long RSi down trend clearly broke in late February. I drew a horizontal trend line at that support point, and the RSI is about to bounce off of the trend line.
In late 2015 the an RSI downtrend line was broken. Where it was broken is now considered support so I drew a horizontal support line at the support. After months, it has finally reached this support. Great buy, and stock will continue to bounce off this support in the future. This is the first bounce, I would get in this one opportunity because the first several...
AAPL is in a well defined RSI channel. It will most likely bounce off of support. So buy. If it breaks, I'd short because the channel is strong enough. This is a swing trade, close the buy when it approaches the upper channel.