I'd like to see some bullish Knoxville Divergence on EBAY, and then buy the sh*t out of it, or sell some puts, or buy a bull call spread. Also, I am looking for a new oboe teacher. Mine was abducted.
Friday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking...
Will ECB take any action today and bring the euro down, or will let it burst above 1.4000. From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If...
Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87. From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on...
Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...
Hey guys first post here. Not some super savvy technical analysis but I have been around the block a few times with parabolic markets such as Silver and Gold back in 2008-2010. So I do have experience and I also have a youtube account that I opened a few months back with around 45 subscribers and growing weekly. The call: We were unable to hold the $500...
There are lot of things happening on this chart, but for clarity, we'll focus on the smaller ones that are easy to miss from the big picture. 1. Notice the smaller divergence formed (RSI 67.88 - 66.19). This is our area of interest. 2. Horizontal range bound break out targets to 1.69250. So if you haven't bought GBPUSD as the breakout, then forget new long...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...
The EURUSD seems to be forming a strong bearish divergence with both the MACD and the RSI. I believe this divergence will reverse after it reaches the 1.3965 - 1.4000 price range. Technicals are signaling further continuation to the upside after the bounce off the 38% retracement as well as a bounce off a new support lvl (1.3820 - 1.3780) which was previously was...
Chart setups: 1- Bearish acceleration after putting in a reversal candlestick-shooting start- drawn on April 10. 2- Slant negative divergence formed on MACD. 3- Breakout below SMA20. 4- Strong bearish reversal affirmed by Vortex. 5- Parabolic SAR signals a new trend coverage. Trading Strategy: Place a sell stop at 0.8535 with targets at 0.8320 -61.8% Fibonacci- of...
28/04 IMPORTANT UPDATE This is an update for my previous idea We are now correting the 5 wave adavance from the 90.60 low. The correction could have ended at 92.30 (todays low), but it could go lower towards 91.70 before more upside. It also looks like an inverted head and shoulders is in the work. As 90.60 low holds look for a rally above the 100 figure in...