Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch. The chink in this armor, is pretty straightforward... follow the trend. Guessing...
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...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...
This is a simple chart looking at volatility over the history of bitcoin. The first thing to notice is that we are nearing the all time low for volatility according to the bollinger bands. This suggests that we are on the brink of a large move, but does not suggest what direction. Also interesting is that in between the last two bubbles volatility has peaked 3...
Idea is based on a combination of Elliot Wave theory, median line analysis and the use of Bollinger Bands. In addition Identification of support/resistance on the 7 close RSI has been carried out. The rationale behind this technical analysis is shown on the chart along with a specific target and stop loss. A close below this S/L will invalidate this idea. Please...
Idea is based on median line analysis, Bollingerbands are used to identify reversal signals and breakouts/breakdowns. The rationale behind this technical analysis is shown on the chart along with concrete targets and stop loss (a close above it invalidates the idea. Good luck guys. Appologies for the font size somehow it is way bigger than was shown on my screen!!!
Close to bollinger bands after strong expansion up and a 1.7 point cycle(+-) has been developing for a year, which all put together points to a possible top soon. The target is in the 19.9-20 area.
Bollinger band sell signal / lack of band expansion / lack of volume confirmation of new all time highs is troubling. If this sell pans out, expect at least a test of midpoint (20 sma) fairly soon.
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...