after several days of decline, XLI is finding support on the 50 sma and there is a CDV divergence. the stop loss is clear and not far from the entry point.
Elliot wave : after an M correction the 5 wave is about to begin
TC Below the 200-day Simple Moving Average (SMA): Bitcoin's price is currently trading below the 200-day SMA, indicating a long-term bearish trend. This moving average serves as a key resistance level.
Bearish Territory: The overall market sentiment for Bitcoin is bearish, with sellers dominating and driving the price lower.
Last 7 Days: Short-Term Rally Towards...
Buy Signal: You would consider entering a long position (buying) when the price of IPSA is above the 100-day SMA, indicating an uptrend.
Stop Loss: You would set your emergency stop loss at a level 2 times the ATR below your entry price. This helps protect your capital in case the stock experiences a sudden adverse price movement.
Daily Stop: Additionally, you...
trading Bitcoin (BTC) within a trading range or "box." Here's a breakdown of your strategy:
Entry Point: Buy Bitcoin when its price reaches the bottom of the trading range or the "box." This implies buying when the price is at the support level of the range, which is a common approach in range-bound trading.
Exit Point: Be prepared to sell Bitcoin if it closes a...
trading strategy for gold based on the 200-day Simple Moving Average (SMA) as support and the use of stop-loss levels. Here's a breakdown of the strategy:
Entry Point: buying gold when its price touches the 200-day SMA, which is acting as a support level. This is a common technical analysis approach, as the 200-day SMA is often viewed as a significant long-term...
Same RSI Reading: The RSI reading staying the same or moving less than significantly suggests that the momentum behind the price movement may be weakening.
Higher Price: Despite the RSI not showing increased momentum, the price is moving higher. This can be seen as a potential warning sign because it suggests that the price increase might not be supported by...
