GME - looking beastly on the daily and ready to move up.
Bull flag looking similar to chart in early March.
MACD ready to rip.
Relative Strength Index strong but not oversold.
Aroon 25 - settling in.
Cycles lining up for a potential run higher.
90-day high to high for the last two rips and GME is coming up quickly on that algo prediction/date.
Note - GME...
Add 200ema & Aroon Indicators to your chart
RULES SHORT
1 - Price below 200ema
2 - Enter Short when Aroon Red line crosses above Green line
3 - Exit when Aroon Red line crosses below Red line
4 - Find own SL
#3 Aroon Pullback & Trend Trading Strategy
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
The Aroon interpretation of this type of reading suggests that we’ve been forming these higher highs for...
#1 Aroon Breakout Trading Strategy
How to spot consolidation and trade breakouts with Aroon?
When Aroon Up and Aroon Down lines are parallel to each other it’s a signal that
the price is consolidating. The Aroon interpretation is that no new highs or lows are made during the default period.
You have two options to trade consolidations.
Wait for the breakout to...
For now the 10k remains a support.
Using Aroon we can see if a trend has remained intact.
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A short-term decline pattern is partially formed with lower high of price and higher high of RSI. Still need comfirmation from Composite Index and Aroon indicator.
If the price do not go straight up continuously, say, up to 4200, the decline is due to happen.
5% decline is 3700 and 10% is around 3615.
A divergence of trend between RSI and price is forming on 1day chart. This is a bullish pattern. In the meantime, another bullish pattern appears on the 1hour chart, with price low becoming higher and RSI low keeping going down.
Currently, there's no buy signal yet.
