Price using 200SMA as confirmed resistance, the break is a buy signal. Price shows exhaustion however based on the candles. And indices stopped their bullish run for now. Powell testifies today and could create volatility across markets. Please support the idea and share your thoughts on WTI! Good Luck!
Price has broken out of a wedge pattern that comprises the handle portion of the C+H. Consolidation in handle/wedge has occurred above an upward sloping 200 day SMA which had acted as resistance for 4+ years. MACD bullish cross occurred 5/21. It is a buy on a pullback to the breakout level around $3.15. Stock must stay above $3 for me to maintain a bullish bias....
Price consolidating atop the 200 SMA, and recently the 50 SMA. MACD bull cross, and RSI finding strong support on top of the 50 EMA of the RSI convey upside momentum bias (I find the 50 EMA on the 14 RSI to be very informative, I recommend you try it for yourself). I am looking for price to stay supported by 5 day SMA and I will look to buy the wedge breakout to...
My idea based on support line Simple Moving Average 200 , stochastic over 20% (oversold) and Fibonacci retracement 38% all that aim "Buy" signal at 31.5$ per share. NYSE:TWTR will retrace to 36$ (Fibonacci 127% ) .
So Trump will be delivering speech today on China and their new law for Hong Kong. So market is waiting for now. The uptrend line will be tested soon. Upon the break we could target a retest of 200SMA. Of course all depends on the speech and could affect the sentiment for next week. Please support the idea and share your thoughts on S&P500! Good Luck and Stay Healthy!
Price dynamics have turned much more bullish on a decisive break of the 6-week trading range. After such a long sideways period, I'd expect this move to continue towards 1.12 with minimal pullbacks
NASDAQ:ADBE will go long for 1H trading chart. MACD cross , SMA 200 and STOCH indicate buy for LONG
AUDUSD at a key daily level, testing resistance just under 0.67. Seems like it fully retraced the 'COVID-19' sell off. As economies re-open and indices climb higher, sentiment is risk on for AUD. 200SMA on daily also being tested. Waiting for the break and close above 0.67 for confirmation to target 0.68. So far the news is bullish for market. Please support the...
Yesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the...
Daily chart shows the lows are getting higher, price approaching the 1.10 level and 200SMA. If we break and close above, then it opens targets to the upside. So far, bullish mood in equities makes the USD weak. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
Price has found support at two prior longer term tops as well as the midline of a 4+ year price channel. More recently, stock has broken out of a downtrend and has subsequently found support at the $4 level which is where 3 very important things lie: 1) 50% retracement (not drawn on) of the move up from $3.05 to $4.95 off the 3/23/20 low 2) along a rising support...
Currently trading in an expanding channel/megaphone pattern with a local wedge forming in the gap. I like the $25 - $26 area to initiate a long as that was a prior breakdown and breakout level, and at that price a wedge breakout and MACD cross should have occurred. Additionally, the 50 MA is setting up for a cross of the 200 MA at a very aggressive slope. If you...
Testing trend line for the 3rd time soon. A bounce from it would confirm the trend line. Also 200SMA is there. A break to the upside creates buying opportunity to the next levels. A sell option in consideration if the price impulsively falls back below 1.22 Please support the idea and share your thoughts on GBPUSD! Good Luck and Stay Healthy!
Testing trend line for 3rd time. A break of trend line and 50SMA is a buy signal, target 200SMA 1st and then 1.09. If we reject and break support, target 1.0720. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
A break of support (green) is a signal to pull back to 106.8 area, though could stop at 107 round number. Making new highs is a buy signal as we break the 200SMA properly and go to test resistance. Please support the idea and share your thoughts on USDJPY! Good Luck and Stay Healthy!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
If BTC can pierce above the orange 200 SMA on the 3 hrly @ 6580 USD, then I am all in with the rest of the USDT from BTC that I had previously cost-average sold off at ca. 9636 USD when the price dipped below the orange 200 SMA. Stop loss earlier triggered and sold off almost 30% of my small BTC trading account holdings. :( Bought back in immediately when BTC...
A simple trading strategy everyone can understand. Take the average of 200 days worth of stock prices of a stock, compare that to 50 days average. If the two crosses and are going up, you buy. If the two crosses and are going down, you sell.