Relational Technical Analysis™ or “Relational Analysis” is my contribution to the continuing evolution of technical analysis. It helps me understand who is in control of the price action of stocks, indexes, ETFs and more. It can provide a leading analysis for trading or investing in any chartable trading instrument, even cryptocurrencies.
Relational Technical...
Triangle breakout on this H1 chart volume decreasing with Chaikin Money Flow falling below zero. 38.2% Fibonacci Retracement key level to watch for retest. Big show of weakness. Big selling pressure. 14.6% Fibo target maintained in confluence on this triangle pattern. 2nd target below on AB=CD pattern in confluence with local support as we can see in my last update today.
Fibonacci Retracement 188.6% new intraday target. Chaikin Money Flow dives below zero. Fisher Transform H2 bearish momentum. 37/36.9k is the key level to short this currency in a top of the bearish flag (triangle) in formation. I put gasoline on this road. Pivots all based on Fibonacci ratios.
BTCUSDT long term overview. Confluences: Show of weakness w/ Chaikin Oscillator, divergence from ATH in Awesome Oscillator and show of continuation tendence w/ Fisher Transform. Weekly condition is bearish. Head and Shoulder target in daily timeframe: pullback to neckline accomplished, TP1; Fibonacci Retracement from bear flag target is TP2. Chaikin Oscillator is...
LTC could run here after breaking out of ascending wedge with RSI suggesting bullish continuation. Be careful as Chaikin is pointing towards a bearish divergence which could test the support.
Long term goals of $246 and $300.
Lots of fundamental news backing these targets up too.
Tesla , Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It...
Chaikin and premier stochastic oscillators showing some signs of upward breakout out of the pennant. Volume profile makes sense for the pennant formation and pole.
Personally going to wait to see if price breaks through the 1.26 ish level before entry (yellow ray). other notable levels are seen with the other horizontal rays.
Chaikin A / D Oscillator The buy signal is generated when prices reach a new low or support and this is not confirmed by a new low in the indicator, leading to a bullish divergence. And preferably, later, when the oscillator crosses the zero line upward. Crossing Zero we see this as the beginning of a bullish momentum.
Oversold RSI
Moon phases marking the paute
Bearish divergence on the Chaikin and the Fisher Transform, dangerous amount of momentum available if reality starts kicking in here. Falling volume giving an indication of uncertainty at these levels, to be expected. Be patient and watch how it behaves near the 100 VWMA. PPT is still active and will actively seek to eat shorts alive.
Retail sales sink 1.2% in...
Upside opportunity towards 15 euros for Deutsche Bank. On the weekly we have a positive divergence both on the RSI (also on the monthly) and on the Chaikin Oscillator. Possible retracement in area 10 euros. Volume Profile confirms the resistance levels.
This is a 1D BTCUSD chart (BitStamp) using Heikin Ashi candlesticks, Bollinger Bands, EMA (9, 15, 21, 55), a custom CCIOBV indicator and a CMF indicator. Reviewing 1 month.
Heikin Ashi is another Japanese candlestick pattern and HA actually means ‘average’ in Japanese. It does just that, averaging out price movements using a weighted calculation I won’t cover...
Bearish divergence on the chaikin in this window but seems to be levelling out near the 0 line which suggest to me we go sideways for a bit but it's looking like stormy times ahead. We'll see how it plays out.
Best of noted a #Chaikin Osc even so it lagging somewhat , but overall an opportunity if missed previously Note how SMA 20 in sight means SMA 100 door is open
Like to trade here long 30 -45 day as previous trade was very profitable imo
Good luck all !
Even if my chart yesterday shows possible recovery by January 2019:
Current movement shows it may even follow my much earlier chart which indicated possible recovery as early as end of this August or early September.
Here is my OLD chart from June indicating possible recovery by end-Aug or early Sept:
This is DESPITE the current bearish sentiment after...
See how the Chaikin below seems to align with the points above.
*Note: I'm still hoping for a crash down to 5,400-5,800 but I may be wrong if the tide has already begun to turn...
