Macd crossed and it is below the 50 day moving average! Roku needs to come out swinging in 2021 to keep this historic run going. It is up over 100% from its previous earnings high of $160. I think we see Roku remount the 50ma and run from here.
It is clear why so many traders use the 50 period moving average, just one look at this chart shows how useful the indicator is. Used by traders as a dynamic level of support or resistance, the 50 moving average takes the last 50 candles / bars, and shows the average closing price of those 50 periods. You can see how the EURJPY has respected it as both a support...
$BA has looked good of late. Closing above 200MA. If you're looking for confirmation you could wait until the 50MA cross up above the 200MA as a buy signal. It will likely be a buy signal for a lot of people. But I wouldn't fault anyone for jumping in now. Definitely seeing some accumulation volume as well.
Technical View
LINK has a crucial moment approaching with the 50 MA bouncing or falling through the 200MA.
Macro View
I am taking a neutral position in the trade for the time being since I take the view that uncertainty in the equity markets will lead to contagion in crypto. The bull case for equities is for the passage of stimulus or a Trump win while the...
HELLO EVERYONE
Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger...
HEY EVERYONE
Here an idea on the US100 intra-day trade from an hour perspective. most details are on the chart so i hope this assests in anyway with your trading.
The trading plan changes completelty should the ascending triangle structure hold, follow the price.
LET'S SEE HOW IT GOES..
HAPPY TRADING...
HELLO EVERYONE
Here's an idea on the S&P500 which is currently in an uptrend on higher time-frames but saw some losses in momentum in the last couple of days, targeting this pull back from higher time-frames.
On the DAILY time-frames the index broke the 50 M.A and is currently retesting this moving average and support level now resistance level 3401.8 now will be...
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Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index.
LET'S SEE HOW IT GOES..
HAPPY TRADING...
GOOD DAY EVERYONE
Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support...
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Here's a look at GOLD/DOLLAR which experienced some strength last week as it was recovering from some worst levels since july.
most of the details are in the chart.
hope this idea assists in a way on your trades on the pair.
LET'S SEE HOW IT GOES..
HAPPY TRADING...
QQQ about to get a reversal for the short term into #2 trend line.
There are few reasons for that:
1. QQQ had amazing rally since March
2. On 2nd september, a correction from the high started. it blocked exactly at the 23% Fibonacci level (see linked overview)
3. after a small correction, QQQ fell down below 50MA
4. Now, after a correction, 50MA should be used as...
