Extremely oversold, with a CCI divergence on the daily chart; mandates a bias change to long positions on swing (15 minute) and itnermediate (1-hour) timeframes.
Fibo 0.62 retrace from Mar/Apr lows to the Sep high intersects lower support trendline at 24750. Lower is possible, but... just sayin'. See Chart: res ipse loquitur. The downdraft should stop and pivot somewhere between the two support lines in chart. Should. Might. Expect a 0.50 retrace up from the pivot before next move. Expect another flashcrash to test the...
We look at candlestick patterns and volume to determine when to buy / sell. On 6 September 2018 at 8am the share price drops by more than 25% on the basis of procurement and capital estimate news representing a potential awesome buying opportunity for the brave. A contrarian investor believes widespread pessimism about a stock can drive a price so low that it...
VEN is sitting just under 20 RSI on the daily. The chart is pretty bearish and there is no support until 9k satoshis. I believe that we will slowly trend up due to a buy the rumor sell the news event with the $BTC ETF. I place the horizontal resistance levels at 35k sats and 40k sats. This is where I would plan on placing my exits in this bounce.
There is a possibility for a triple bottom and potential reversal. Let's see how this plays out. This is not forecast unlike my other charts, just an idea/possibility that has a realistic chance to come to fruition. People called 4k when we hit 6k bottom and where I bought, people called for 4.8k at 6.45k where I bought, people called for 5k at 6.1k where I...
Simple risk-reward trade Return to MA Volume is dropping while trend is bullish
Silver rose and hit the major down trend. Based on a price action signal on 19-Apr, a short entry has been placed. Stop: 17.40 Entry: 17.11 R1: 16.94 R2: 16.71 R3: 16.48 R4: 16.25 R5: 16.01
There was a predominant uptrend at least throughout 2017 (it made about 45% after first breaking out in Jan '17). However, with the increased volatility in the general market and in this stock's price action specifically, the wedge pattern forming can be expected to progress for at least quick bearish pullback. That is where I'm placing my bets. At least if the...
I think a clearly bullish pattern is when there's a "well-known and basic" bearish signal and yet it closes higher. It shows strength and it's like the market says "f. you" to the bearish signal and goes higher. (Vice-versa also applies; if there's a well-known and basic bullish signal and then closes lower, there will be further bearish movement). In this...
Here's a deeper look into my Gold outlook. Many are shorting gold - when everyone is crowded on the opposite side of my trade that is one of my strongest confirmations, lol
Monthly and daily charts show Silver is oversold here, and turning up...The confluence of technical signals and contrarian potential of this trade make it extremely interesting and definitely worth a try. If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on...
Gold rose nicely yet approaching the resistance zone. Short price signals formed on 1hr, 4hr timeframe and it looks like a price signal is forming on the daily.... so I've entered on the sell-side. ATR: 14 2N: 29 ENTRY: 1352 STOP: 1381 R1: 1338 R2: 1324 R3: 1309 Hmmm... I am developing a contrarian habit because the line of least resistance on gold is up!
Same idea as previous WPX Pullback trade; check it out. Thesis still holds and so I'm looking for a pullback down into the 13.70 resistance level. Considered a wider stop to make up for possible volatility before move happens Stop at 15.67 Target at 13.20
EURAUD is trading in a tight range of 1.5650 to 1.5800, the pair is in a pause before the next leg up and over 1.5800. I am looking for an entry @ 1.5650-65 with a bullish candle. Also the the pair is resting on the 20 day ema, the only indicator I use, coupled with over 77% of retail trader short on this pair lends me to look for longs. I think you can get a nice...
Stock has a momentum build up for the past 3 years, but it has been increasing in volatility as the bigger picture ascending triangle has been setting up. Recent high just got broken, but the high volatility associated with it implies a greater risk + chance of reversal. With such increased volatility and weakening momentum, a pullback seems to be up next if not...