📉 The Basics: Bollinger Bands consist of three lines – the middle line is the simple moving average (SMA), while the upper and lower bands are set at a certain standard deviation from the SMA. They act as dynamic support and resistance levels.
🌟 Long-Term Perspective: Bollinger Bands are highly versatile and well-suited for long-term investors. They provide...
Lendway had a big start to the week with the after-effects of the repurchase
program driving stock price higher. On the 15-minute chart- the abrupt change
in momentum from a peak on Friday at the lunch hour into a low in the pre-market
on Monday with a V-shaped move down and up again and then a monster move
from there and a fade after that. LNWY seems to...
IGMS is down about 70% YTD with no end is sight as the cash burn is greater than
the analyst's estimates.On the 2H chart, the midline of the Bollinger Bands has had
a persistent negative slope. Overall, IGMS is very shortable if shares can be found at
a low cost. I will watch for a correction of the upgoing price toward the middle of the Bollinger
FX:USDZAR Price seems to be at the top of a strong monthly descending trendline. The death cross happened last week (200 and 20 ema crossing) and caused price to drop. I believe it will continue to fall.
AAPL on the weekly chart over the entirety of the years 2022-23 with a triple
Bollinger Band overlaid shows consistent marching along the second upper Bollinger
band ( 1.618 std) since mid January 2023 with a minor correction while crossing over
the basis midline band a month later. This is megacap consistence at its finest.
AAPL has had some inside bar weeks...
SOFI as a fin tech company has been volatile. Besides the issues of student loan
forgiveness, the federal adjustments of the intrabank overnight rates and inflation
inparting the budgets of its customers, the landscape has landmines and its litterd
with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some
greed competing against fear with...
Optimistic indicators have recently graced the GBPJPY forex pair. Analyzing the daily charts, a bullish momentum is clearly reinstated, with two consecutive daily closings above the significant 50-day moving average.
Moreover, the hourly chart illustrates a robust consolidation within this burgeoning bullish trend. We are poised for a potential breakout above the...
DASH has earnings upcoming in two trading days. Since the last earnings three months
ago, on the 4H chart, DASH looks to be very healthy and decidedly bullish. The nearly
continuous MACD lines above the histogram say it all. The PVT shows occasional pullbacks
of the price volume product which are the ideal entries for a long-term swing trader or
As a triple leveraged ETF BOIL is highly volatility and typically has a good range
even if the overall price changes only a small amount from one day to the next.
While these overnight day trades are typically conducted on the 3 or 5 minute time
frame, here a 15- minute chart is shown. Because BOIL is tracking natural gas
futures and the futures markets are...
Welcome back! Let me know your thoughts in the comments!
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The market has finally shown some signs of weakness after Friday's close. In this video I explain why I will be selling rallies next week in CME_MINI:ES1! looking for further price action to the downside. I show you my process for determining support and resistance levels using Bollinger Bands and how to use my free (open source) indicator on TradingView, Beacon.
SPY has had a good run this spring. However, things are changing. Just this week, the debt \
ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is
money that will not go into the equities markets. Buying volume on a dollar basis will likely go
down as a consequence.
On the daily chart with a double Bollinger...
Many traders apply indicators for their analysis in their next trade.
However, indicators formulate with historical price movement to tell us what is happening right now. It is not so much of telling us what is going to happen.
The reason is simple, it is like economic policies, can manipulate the economy figure. But it doesn't tell us exactly the expectation...
Here on a daily chart, I have plotted the ratio of the dynamic share price of BUD compared
with TAP. The thesis is that TAP ( Coors / Molson) may have had a share price rise while
BUD dropped its own as a reaction to its adverse ad campaign which resulted in a social media
disaster. BUD is global with only 25% of its market in North America while TAP is...
USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower)
Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator
shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price
is currently below the high volume area with the POC line aligned with the basis...
UVXY as shown in the 15 minute chart is slightly above the basis line on the Bollinger Bands
as shown also on the BB indicator or Luxalgo. Price is slightly below the mean VWAP of the
anchored VWAP situated in the fair value area as also confirmed by the volume profile and
its POC line confluent with the VWAP bands. Given impending federal data reports...