Looking at the Daily Forex charts and using the High Probability & Divergence methods from my books, there were 3x new trade setups identified today. Just be careful of correlation though as the NZD is involved in all 3x trades. Enjoy the weekend all. Cheers.
Trading at a major level of support, with a few GBP pairs looking weak with GBP index at resistance. Too early to say longs yet, but as you can also see, expect a lot of retailers jumped in longs yesterday with stops just below and will now be wicked out!
Seems a minor bearish divergence on Weekly chart, that will look to the Mean - POC (Point of Control)
If it doesnt goes down in a couple of weeks, the green monitor starting to get Red i would be biuying again, but thats the future and we dont know it!
Red = Buying zone
Green: Buying spot
Blue: Selling spot
Weekly chart, analysis for next...
4HR Time frame shows Bulllish divergence into major demand Zone .
Fundamentals for this company are nice, nothing but nice accumulation by the big boys.
1st Target $73, lock in profit right there and ride out the rest
Patience Pays and I am 100% expecting a huge run from CHEWY going into the end of the month. Option IV is dirt cheap, this will be the next big...
Continuing from the 15 min wave count, where the C wave of 2 is closing in an ending diagonal (contracting), wave 1 (where wave 5 ends) developed in a leading diagonal (expanding). Wave 5 of 1 shows typical wave 5 behavior with an RSI divergence as does 5 of C from the 15 min analysis. We appear to be in the early stages of a 3 of 3 of 3 , meaning an extremely...
After a strong bullish move we can expect to see a pullback especially when GBPJPY makes new highs
Technical Analysis is showing a Triple Top Divergence being created on the H4 time frame.
Looking for entries after seeing bearish candles printed on lower time frames for the start of a pullback
Lemonade is looking very promising and seems to be at a great buy opportunity currently. It has formed a very nice triangle that it is coming to the break our point of one way or another. Divergence on the Histogram and a Daily MACD cross up. Looking to take profits somewhere about $165ish. Could hit ATH by end of year though.
2nd attempt at a Buy on the EUR/USD. Higher risk trade as going against the trend. You can read my notes on the chart for my thoughts on this trade. I'd be leaving the partial previous sell on as that is with the trend and also gives you some protection or insurance. Cheers.
IOST at bottom of Triangle Pattern that has held the bottom above $0.05000 since 09/07/21. Exaggerated Divergence on 8 hour chart on MACD, RSI, and Histogram. Also in smaller falling wedge pattern on smaller time frame with brake out bringing price action out of triangle pattern to $0.06100. Probably see some resistance around there. Then possibly up to $0.085 plus.
Looks like the crypto markets are bottoming out here. Based on my wave count on TRX it looks like it could go to around 30 cents this quarter. Rest of the crypto markets will probably see large gains as well. Price action, momentum, and wave theory all looking really bullish here. TRXBTC is also is in a breakout pattern so it looks like TRX will out perform BTC...
As you can see Tech has started to rally. Zoom seems to be the only one lagging but you can see a lot of accumulation going into a major demand zone From last years huge spike.
4HR Time fram shows Bulllish divergence into major demand Zone.
Patience Pays and I am 100% expecting a huge run from zoom going into the end of the month. Option IV is dirt cheap, this...
SE is looking quite nice here, been watching this one for a while- will be looking for a breakout from this pennant (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on- Bullish
- Clean hammer & bounced right off the 20-day EMA on the 4-hour timeframe, other EMA's starting to...
Mycronic looks like its going for the full reset. Its painting a beautiful bullish shark at an inflection point. There is also some nice bullish divergence coming in on the MACD. One could open a position right now or wait a little longer for the full .886 retrace and possibly a confirmation low. One could also open a position right now and size up as it moves...
Hi every one
Cardano / US Dollar
Cardano has Created a New ATH recently But since than, The Price of cardano has been Decreasing which is normal of course. But now we see creation of a big falling wedge pattern! this is a Pretty Good Bullish Sign for ADA. there is also a Regular Bullish Divergence (+RD) on MACD which suggest a Incoming Bullish Movement. In...
Overall Trend - ⟰
Oscillator making lower highs where price made higher highs - representing bearish divergence.
Oscillator making lower lows and prices are still borderline lower low - representing multiple bullish hidden divergences.
Divergences are easy to spot. But, they are often overridden by hidden divergence which comes soon after. This happens because...