Last week I put out this TLT trade setup that showcased a Falling Wedge with Bullish Divergence at the 0.382 retrace which targeted an upside move in the TLT that would recover at least 50% of the high:
In the time since this setup first formed the TLT has nearly reached that minimum target. In addition to the TLT, I expected the EURUSD to follow a similar path,...
Nifty FMCG/Nifty Relative Strength chart is exhibiting bullish push at the 200DMA. The price action on the relative strength chart looks bullish and we can expect bullish push from here toward the resistance zones marked.
Filecoin is attempting to confirm a backtest of spring in the form of a Break-Hook and Go while Bullishly Engulfing and holding Above the 200 Day Simple Moving Average. If this holds up i think it will be able to rise to The Fibonacci Extensions of the 1.618 and if lucky, the 2.618
Hello Friends!
I entered a trade at $38K and exited at $48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above $49K to $50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action....
Apple gapped below the 200 day moving average today, and we even saw some baerish follow up during the day. Apple below the 200 day moving average is very significant, happens rarely and if it happens, usually we see a bigger correction then.
We are in a pretty solid channel atm, with decent reactions at the supply and demand side. Should we break that channel...
Hello Friends!
Tesla had a great earnings call. Unfortunately, Tesla’s value is very high and it’s having a hard time through these market selloffs.
At this point Tesla needs to hold $814 (200 day) and then it needs to break above its $903 resistance.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Based on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached.
This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high....
$BNTX BioNTech got wrecked since its August high and lost over 50% of its value.
BNTX is at it's 200 day moving average, if that holds as support, it is a very nice swingtrade setup.
With Covid numbers rising all across the world and booster vaccines for everybody getting more and more a thing,
BNTX could possibly go on another bullrun cycle.
Approach with...
We continue to make lower highs and lower lows and i continue to trade each one. This time i will be keeping my eyes on the 55 and 200 Day MAs and the level of $0.25 for a bearish continuation; It looks like so long as we stay below $0.25 that we will have a clear path to 15 cents or lower.
Price at TD 9 Sequential reversal on Daily chart with a bearish sloping 200 Day MA resistance level so expecting a small retracement.
Price above $37K volume level for now, where most of the volume as come from in past two months. Likely to act as new support.
Price held the $25-30K level as anticipated, the short and mid term MAs lie around $34K-35K, the...
If you still have doubts that we are starting a new cycle from march low. Then , check my Elliott wave counts and SPX's Deviation they are also
suggesting with higher probability a new cycle. That's been said, we will get 30 % corrections here and there and even more during this cycle, as we go up and
percentages would be much easier to get and accepted for...
I am looking at the distance of the Nasdaq-100 from its 200-day moving average. I am looking as far back as 2015. What we see here is something slightly historic... it's the most extended it's been from its 200-day moving average in a long time.
I examined the chart and the last time the distance from its 200-day MA was above 30 for a long period of time was...
Hey guys what's up
I am including all the data here so you can copy, share or edit it on Microsoft apps. feel free to reuse of redistribute all
my work to our trading view community or out side it.
March's low is most likely a fresh new cycle to say the least " believe it or not" with out bias you would come to this conclusion
one way or another and you...
200 Day Moving Average.The ultimate support for gold. And looks like a falling wedge.
Gold could fell below 200 Day Moving Average and targeting the high traded volume zone at 1747 level before a major trend reversal.
Look for divergence indicator for better entry timing.
Disclaimer: * Please do not trade solely based on the opinion of my post, do your own...
TRQ chart - doesn't always happen like this but was interesting to see this chart and notice how well the 200day MA acts as a level of support in various places
