This chart pattern shown by the two trend lines lines in green is a 'falling wedge', it is a bullish pattern indicating price will move higher. Oscillators such as stochastic have been oversold on the monthly chart, now also diverge to price action. This divergence indicates price action should most likely attempt to rally, or alternatively go sideways in...
Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom. Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long. It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause n short with both hands. Make sure a clean...
Support is actually around 37.88 not 39.60 How do we know that's the support? well-going back to 1990 until now it has acted as support and resistance line. Also known as axis line has to be tested. Wait to go long- if planning for short have a good SL around 43 For longs- if cannot wait to go long at least have enough funds to go via multiple entries...
I see that on the daily chart DDD selling is stalling and flattening out. It seems to be working on a triangle here at the bottom. So I've charted out a few ways one could enter this long side. DDD seems to be consolidating inside the triangle. There could be several buying strategies. 1. buy the breakout (close above) of the diagonal green downtrend line 2....
How do you not like a stock that doubles in a little over a month? PBR killed it on their last earnings report and it has been on fire ever since (with the help of the energy market). Pull up a monthly chart on this stock and you can see their is a lot of momentum behind this move. I suspect this rally to last another 2-5 months at least. Expect a strong...
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15! Multi-Timeframe confirmation! Very nice Long opportunity!
Four months ago I posted a weekly chart in crude, with a clear message to all short term traders out there: STAY AWAY. I also said that crude will present itself with an excellent buying opportunity in the future. I believe that time is now. Many chartists have recognized the similarity from the 08-09 selloff to the selloff seen in 14-15. It is too obvious to...
Hi everybody ! It has been a while since I didn't post any idea on TradingView. I come back today with this nice buying opportunity you have on CHFJPY pair. On january 15th, the Swiss National Bank (SNB) decided to abandon its fixed exchange rate with euro. It created a strong mess on the market and lot of traders made big losses. Now that Swiss Franc is free of...
EUR/USD has set higher lows showing a weakening of the down trend strength. Price is currently testing the down trend line. A break to to the upside past the recent high might be a reversal signal. Outlook shifted from bearish to neutral in the short term. Need a break of the April 10th or March 16th low to look to the downside again.
Green: lin reg of all time price action on Bitstamp Red: lin reg of downtrend Assuming price is going to spend same time bellow the green line as above it, and also move the same amount (in %). I'm using linear scaling because linear regression doesn't seem to work well on log scale. We might see a last push towards 130 - 152(last major low). place your bids in...
Update on last published chart (see bellow)
Update : Look bulish at the moment The classic strategy (1): Entry: Take a long position at the breakout of the resistance starting from the fifth rotation and if the price is on the higher third of its annual range Stop: The stop is placed below the resistance Target: Theoretical target of the pattern Advantage: Strong probability to win Disadvantage:...
For over 10 long years the USDCHF has been in a down trend. Lower highs and lower lows has confirmed the trend to continue, however over the course of 2.5 years USDCHF has bucked the trend by locking in a higher low as it takes a shot to crack its' previous high. This is substantial for the bulls as they can now attempt to take out resistance and put an end to...
Netflix has made an easily recognizable double bottom shape, in this case since the trend is not reversing but instead continuing it goes by another name, the Cup and Handle. Others might see it as an ascending triangle.
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.
New Indicator posted, Utilizing Momentum based indicators for picking the top and bottom in a swing. UCS_TOP & BOTTOM CANDLE -
Sorry to disappoint you bulls, but we broke out of the primary uptrend in bitcoin. I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom. This is just my anticipation not a prediction! I only assume something like this might happen if we fail to break out of the downtrend around 300. Check out the volume profile...
We have a valid double bottom divergence setup here.