These are meaningful potential bottom fishing zones for me. Till the end of the year. Price has to have some meaning as to how it gets there in time.
Meta Short Term - We look to Buy at 164.56 (stop at 150.26) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke...
GameStop - Short Term - We look to Buy at 121.05 (stop at 106.04) The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected. Our profit targets will be 166.95 and 180.00 Resistance: 167.00 /...
Alphabet Intraday - We look to Buy at 2214 (stop at 2105) Buying pressure from 2150 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our...
DexCom Short Term - We look to Buy at 74.01 (stop at 60.52) A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward. Our...
The white line is the 14 period RSI that you are used to overlaid on price. You can clearly see that it has never been beneath an 18 day candle other than at macro, cycle, bottoms.
Markets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on. In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on. On the way down area A is considered "exhausted" therefore the market has no interest to...
Daily 800 EMA (200 4D Chart) Daily 120 EMA (30 4D Chart) Only two previous data points work from.. although, the bearish cross-over of these two EMA's has been within 1 week of the bottom, both times! Current trajectory has the cross over at 22 June 2022, are we witnessing the BTC Bottom?
Traders, With absolutely amazing technical precision, Bitcoin has now touched our target down for the Head-and-Shoulders pattern I drew in the fall of last year! This is all I wanted to show you. Take it for what it's worth. I am not going to make predictions based on this. At this point, I am tired of making predictions and being wrong. I doubted all along that...
After almost two years of market exuberance due to central banks' unconventional actions, the SPX has recently entered a major downtrend which has just started. The index has just formed a top under a major resistance and its next target is the major support level around 3200. The RSI Exhaustion confirms the same analysis, in fact, there's no evidence of...
In part 1 you can see 1. Decresing RSI 2. Multiple Bear Rallies of 10-15% 3. Bounce offs from previous rally points Bottom at double bottom of RSI and breaking overall trendline
Hey friends, the last past weeks haven been crazy - $LUNA hit, Bear-market confirmed, ongoing European crisis... a real s*-show. And what now? Where do we bottom? What are catalysts to bottom and finally start the reversal? How long will it take? A lot of questions and a lot of answers.. but who is right (and who is wrong..)? I don't have the answer, but Im...
Netflix Short Term - We look to Buy a break of 210.00 (stop at 158.96) The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22. Our profit targets...
Turned mildly bullish on Netflix on 31 May with a tk cross. However the volume was not convincing so today will be doing just a day trade to test my bullish thesis. If successful then my day trade can potentially turn into a swing. On the monthly we had a bullish hammer caused by the monthly lagging failure to cross down the monthly SSB. If this persists then we...
Saleforce Short Term - We look to Buy at 168.45 (stop at 151.44) They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good...
Using KioseffTrading's Tops/Bottoms indicator and it looks like it is setting up nicely with a 78.57% correct ratio. The data tables there show the % correct, which backs the data tested & provided. Due to bad earnings back in Feb. we saw a huge sell off and a bouncing range of 169-237 with an average of 217.
Simple Top & Bottom Indicator with confluence of the KDJ Indicator! Long Entry Example: -Background Switched from red to blue -Buy Label Printed -KDJ close above 50 Short Entry Example -Background Switched from blue to red -Sell Label Printed -KDJ close below 50 SL Placement: -Last Bullish/Bearish Candle of previous opposite chart background. Risk to...
Looking back over the history of BTC when price hits the EMA200 several things have happened: 1. 2018 *BTC hit $3122 *The RSI bottomed out and started to cross upwards *Price danced around the EMA200 *The $3122 low was never broken after that point *Price increased 2. 2020 *BTC hit $3850 *The RSI bottomed out and started to cross upwards *A "V-Shape" recovery...