DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market...
$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.
I can see higher high , higher low being created. I am just expecting to continue with the mommentum. Encapsulated within this upmove will be my usual channel divergence setup. I do see a support confluence of channels together with d1 line chart levels, so I can clearly identify my SL risk.
Based on previous relative momentum, $SPY is looking somewhat weak in comparison to its previous run.
MACD and stochastic are indicating new uptrend might start soon. Last time it happend was in the previous horizontal channel, and the price consolidated for quite some time, but never broke down below the horizontal channel. I suspect this will repeat itself this time before we continure higher, although I don't think it will take that long. as my previous idea...
CM_Willams %R and CCI BackGround Highlight Created By User Request Indicator Highlights: Creates Red BackGround Highlight if CCI Or Williams %R are Above Upper Line (User Defined) Creates Green BackGround Highlight if CCI Or Williams %R are Below Lower Line (User Defined) Ability to Turn On/Off either Williams %R or CCI Highlights in Inputs Tab via Check...
Description in the chart
05/2012 Trendline has been broken + 200DMA pierced + resistance = LREP short momentum/swing trade
1. Each bottom represents an approximate $60 increase from the previous one ($55-$115-$175-$235) and on Friday we closed just above $235. 2. TSLA rebounded off of the orange trend line twice, seems like its going for a third time. 3. $235-$240 level has a history of being a support/resistance level dating back to March of this year. 4. The RSI shows TSLA is...
The buy on this is only if the market turns around...this stock will follow market so insure market is moving higher as of now we have weakness in indexes. I think this stock could be a high flyer
This isn't a trade set up because I am on the fence with it at the moment, the commodity is at a make or break as it heads towards the $15 support line from 2010; The $15 - $17.50 mark is an important and wildly watched range for the commodity - There may be a bit more of a hit for silver to take over the week or two but using price action I wouldn't be surprised...
GBPCAD is currently at the 5 months low resistance which functions as a neckline. I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high. Then it may be the start of a nice ride down.
GBP/USD finally broke out of the long period of consolidation which could lead price lower in today’s New York session. The Pound consolidated after it’s rise to 1.6275 resistance level which we have discussed last Thursday in the London Session Watch. The long term trend is still down as the short term moving averages (10 and 20 period) continue to stay below the...
EUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is...
Very noticeable bullish momentum divergence occurring at support for VNTV. Monday brought a price action close for resuming the uptrend. A pin bar on high volume today should confirm that this level should hold, and price should look to retest its next resistance level.
Alternate Bat Pattern w/ Momentum Divergence. Looking for retest of B Point.
Continuing coverage of ACRX this week, we saw ACRX pullback with the market as a whole early this morning. ACRX broke right through support at the .236 retrace, but found support at yesterdays congested zone at the .382 retrace. Uptrend remains in place. $9 remains 1st target. Stop now at 7.70.
ACRX traded for an 8.5% gain today. With above volume for the day, and a strong close we can see momentum carry through into tomorrow. Look for price to hold above 7.90 to continue its' run to $9.