on DAILY: DOW JONES is sitting around a strong resistance and supply zone in blue so we will be looking for sell setups on lower timeframes.
on H1: DOW JONES is forming a trendline in red (not valid yet) so we are waiting for a third swing to from around it to consider it our trigger swing and sell after a candle close below it (gray area)
we also have...
on DAILY: SILVER is sitting around a strong resistance and supply zone in blue so we will be looking for sell setups on lower timeframes.
on H1: SILVER formed a valid trendline in red so we are waiting for a momentum candle close below its last swing (in gray) to sell.
meanwhile, until the sell is activated, SILVER would be overall bullish and can still test the...
probable reversal point suggested by a 3 trendline intersection point, an RSI divergence and the base of a big Andrew's Pitchfork. Nice risk reward ratio since the SL will be positiond near a tiny swing low structure but the target is far away towards the center of the pitchfork and another 3 trendline intersection point, one being very important since it's the...
Price has moved down considerably in the last week.
Presently getting close to the trendline.
Also, on the 1Hr TF you can see divergence on the RSI.
I am looking for AU to correct in the short term and then move down again.
Lets wait and watch
I expect this pair to open below the previous close. If this occurs a late sell signal will emerge on my MACD set up. ADX looks like its setting up for a divergence as -D is crossing up on +D at a near 180 degree angle.
If this plays out I will enter an initial buy and close out at my 12 am time frame to prepare for the short.
The idea of my timeframe strategy...
Bread has been in a downtrend for some time now, we've seen multiple spikes but yet the price remained bearish with no bullish mid term signs. however, something interesting caught me when I was looking at the 12h Chart for bread. A bullish divergence is visible on the 12h chart. hence, this gives a great opportunity midterm, while taking some volatility from BTC...
How to apply the Oscillator Divergence Indicator by JDLim to your favourite oscillator.
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