In January alone, Microsoft, Google, Meta, and other tech companies have collectively cut more than 21,000 jobs. Furthermore, last year marked one of the worst periods in recent memory, with approximately 260,000 tech professionals losing their jobs. Normally, we expect to see cost-cutting measures during a contraction stage, as was the case during the Dot-com...
Whenever we see a divergence, this means they are going through a process of moving apart or deviating from what we are seeing. In this case the US markets, even though it appears to be trending higher, but its activities and especially its transacted volume are telling us otherwise. And what are their implications? My name is Kon How, my work in this channel,...
Today's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from...
Today's focus: USD Index Pattern – Nill Support – 105.00 - 104.45 Resistance – 105.10 - 105.55 Thanks for checking out today's update. Today, we have run over the USD Index, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USD index sits in an interesting spot with the FOMC to come....
Today's focus: USDJPY Pattern – Ascending Triangle Pattern Support – 146.50 - 144.75 Resistance – 147.92 Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USDSJPY continues to be locked up in a bullish continuation...
On July 2nd I put out a video, discussing being "Stuck in the middle", and mentioning the Bearish Monthly Ichi structure. I admittedly was thinking EURUSD would be Bearish for the week, but I did mention where I'd be invalidated; A break above the descending Daily Forecast Line. We did just that, broke the Daily Forecast, and proceeded to move to 1.112 and...
on 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30...
Was right for a split second then trended upward and stopped me out. Maybe I should have weighed the ADX indicating a strong trend.? Idk LMK what yall think I could have done better here.
This is a divergence trading strategy i am testing out for you guys who are still having trouble knowing WHEN to enter a trade after finding a divergence as well as where to exit that trade. This will also give you more information on the followings: Where to use the RSI FORMULA. When to enter a trade after a divergence. What a fake out looks like. Where to...
I want you guys and gals to add in your question and comments below. There are certain things id like to new oscillator to do for you but i want to know in what ways it can be better like if it seems to be missing something. However. That being said, if you think its good the way it is, then by all means, let it be done and ill release it ASAP. This is the Bull...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/JPY Buy, EUR/USD Buy, GBP/AUD Buy, GBP/JPY Buy, GBP/NZD Buy, GBP/USD Buy & NZD/CAD. A...
BTC Short squeeze spotted-CVD and Order Flow for the win! (Long Trade!) Why it's important to be able to read order flow and CVD. So many youtubers get super bearish at support and super bullish at resistance. I show you how I spotted the short squeeze before it happened and my reasons for entering a long trade on BTC Not Financial Advice. DYOR. Papertrade...
As announced 2pm NZT, the Reserve Bank of New Zealand had a 50 basis-point rate hike. This has caused a rally in the NZD. See our technical analysis on RSI and expected resistance levels.
As announced 2pm NZT, the Reserve Bank of New Zealand had a 50 basis-point rate hike. This has caused a rally in the NZD. See our technical analysis on RSI and expected resistance levels.
When the market range, it is telling us they are lost with the main direction. And we are seeing that between all the US major stock indices and many stocks since the second week of May. Prices basically still trading around the same price since then. In today’s tutorial, we will discuss: • How to identify when market started to enter into a range and • Which...
GBPUSD is trending on a solid support, on the weekly chart, we will search for buy setups using Elliot Waves, Fib extensions (from many points of view) and Fib retracements. We will also discuss the emotions of traders, where the sellers could start getting exhausted, and taking their profits so we can see the market bouncing. Divergence comes at the end to...
W1 - bottom of the range, bullish divergence D1 - bullish divergence, bullish convergence, head and shoulders Looking for buys
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CHF Buy, AUD/USD Buy, EUR/USD Buy, GBP/CAD Buy & NZD/CAD Buy. Just watch the...