The basic premise of Major Trend Reversals, From Al Brooks Video Series. I will be trading this way for a while.
EURUSD 300p average range after payrolls
By looking at companies that mine gold and other raw materials, you can infer that the cost of revenue will not change with the price of gold and other raw materials. This is because no matter what the price of gold/ raw materials is, the cost to mine and refine the gold will also stay consistent. Now if you look at the cost of merchandise you can expect these...
Ichimoku proving a bullish bias, pullback looking to bounce off 50 DMA which aligns to previous resistance and a recent attack of support.
As you see, on the 1H chart we hit 200 MA, trendline, Fibonacci line, and we are in a small downtrend. I look to short on Signal. (double top, doji, lower high)
Looking to play a 1-2-3 intraday bottoming pattern tomorrow in in the grey box on the 5 minute chart. Daily is showing a 61.8% fib retracement from highs which aligns with the 50DMA. Looking for a bounce in this region.
Market is not in trending condition (refer to almost flat 100 period Moving Average). Bearish Wolfe Wave formed in this ranging market to achieve price equilibrium.
Been on a good run pre earnings, and jumped 6$ after earnings release after beating estimates. As expected a exhaust period is in play pulling back. Key low volume on pullback and worked off overbought stochastic. The DMAs are still quite far off so I think 38% of the fib retracement could be the support here. Missed the bounce off it the previous last 2 days so...
Consolidated around resistance and eventually broke out. Now pulled back on lower volume to previous resistance now acting as support. Worked off its overbought condition & found additional support on the 20DMA. Buying here with a stop @ 30.00. First target is 32.58 but only looking to take half off the table at that price.
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
I've been doing this analysis by hand since April 28, 2015 in a spreadsheet at Google. 4/28/2015 1:30 PM 46.70% 53.30% 18111 17960 4/29/2015 9:44 AM 40.00% 60.00% 18083 17975 PFE, MRK reported 4/29/2015 2:26 PM 46.70% 53.30% 18055 17975 4/30/2015 9:55 AM 46.70% 53.30% 17968 17970 4/30/2015 10:47 AM 43.30% 56.70% 17930 17977 4/30/2015 3:54...
BEST TIME TO ENTER SILVER. Once again for speculators, if the numbers and ROI suit your requirement, then take decision on SILVER. Remember... remember last December.
First created by Charles LeBeau and David Lucas Recreated here on TradingView by JR and Ricardo Santos By default triggers are set at fast 2,3,4 MA's. You can change the inputs as you like.
I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...
3 simple rules and you are set. Try to get your entries close to the 20 SMA. If markets are not moving much try this on other markets, maybe stocks.
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320. A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...