DOGE seems to like this range of value at 0.305609.. lets just wait and see shall we?!
Having broken structure looking left, there may be cause to expect price to further rise. Daily Trend - Identified as Bullish 4hr - Previous structure highs broken, printing a doji currently however, end of trading will be affecting over the weekend. Entering next bar market if no engulfing candle is present, or large jumps. Stops placed an ATR below the...
Average True Range Analysis Price action on SPY has been getting tighter and tighter as it comes deeper into this rising wedge structure. This is most clearly viewed on the Average True Range. I have taken the standard 14 period look back and times it by 7 to get the weekly look back and we can see clear divergence. A falling true range means that there is a...
Hello trader, The DAX is facing the biggest reform since it was introduced in 1988. In September next year, the German benchmark index is to be expanded from 30 to 40 corporations. In addition, companies will have to meet stricter regulations in the future - also in response to the Wirecard scandal. On the other hand, after protests from investors and armaments...
Everyone can see the Nasdaq 100 is extended. Heck, the index has added nearly 1000 points in only the last few weeks. But despite the price strength, we have a sign/signal that the mighty may be ready for a fall. The 7-Day Average True Range (ATR) of the Nasdaq 100 Futures Market (NQ1!) hit the lowest level of year, and is down over 60% since May 20. I've...
There's nothing much to see in the stock indices as the trends, or lack thereof (RTY1!), have continued. This week I'll be watching the 10Y rate to see if a retest of the recent lows matters at all to the broader market. When things are slow, it's good to measure just how slow. I like to use the 7-D ATR to gauge volatility and I explain how to do so in this post.
Well, some sneered a few weeks ago when I pointed out the 1D trend switch, that created a probability of a 50% correction. It happened. There was a deafening silence thereafter. As I say too often trend switches create probabilities which predict nothing. In this chart I'm looking at the 3D time frame where price has moved up to touch the ATR line. This is...
Decision: Long. Longterm Accumulation. Ticker: RR Entry: 1.05
NASDAQ:AMZN tanked on earnings down to a Support level I liked for a long trade. I talked about the Support level and drew up the trade during my Livestream last Friday. This morning's price action breached the Earnings low and I was made aware by an alert. It did not trigger my Stop Loss though. A lot of new traders may try to play bottoms such as this but...
Too my surprise XRP actually broke out of it's descending broadening wedge and reached full measure moves; i certainly flipped bearish on this one too soon the first time. But now that we have reached full targets i would expect that any bearish signal we get up here will carry more weight so i will be getting bearish up here again to see if i can catch another big move.
Trend switches of the ATR on the 1D and 4H usually mean something on most charts. What they mean is a greater probability for price movement under the switch for short positions and above the switch for long positions. On this chart it does not mean that price cannot rise from under the switch. This is not how ATRs work. ATR's create probabilities. The situation...
If we can hold the 886 and especially not make a lower low then i expect us to see significant retrace upwards as Crypto continues to remain sideways within it's massive range.
i am watching gbpusd around 1.39273 to short this pair back into recent lows we have multiple confluences in this zone 1. structure break and retest 2. 0.618 fib confluence 3. atr for today is around this area if we see clear bearish rejection i will be looking to short this pair
Bear Flags are a Range and they are repeatable trading chart patterns. Bear Flags are ascending chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle...
Bull Flags are a Range and they are repeatable trading chart patterns. Bull Flags are a descending chart pattern that will have a directional bias (long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for...
Despite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results. Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down...
UBER beat its earnings estimates however, it missed on its first quarter revenues. As a result, UBER gapped down after its earnings report and in my view is currently on a downtrend and I would operate under that assumption until it fills that gap. Conservatively speaking I'm looking for a gap filled price that closes with a daily price of about $53. Based on...