evening traders. Trading has been choppy recently with these current markets but is the us30 heading for a bull rally? We have 3 signals in the ichimoku trading strategy triggered, base line and conversion line crossover, green cloud and lagging span above the cloud. Price has also broken the downward trend line and if we close above then we could be seeing a bull...
Short-term minor retracement likely before continuation. See my previous posting ( inverse head & shoulders target ): Loads of bullish accumulation price behavior leading up.. PRISM Oscillators Analysis (see chart below): Stochs(pRSI) in overbought state. Snap osc in the negative (pink), which is pulling Acceleration/Jerk ribbon down, which will...
@ 78.6% Fib retracement (~0.000179 BTC) Green IchiCloud forming. Higher low set. Inverse head and shoulder formation emerging again (clearer on the 5min chart). Have the sell pressure ended? Buy on confirmation: When AMPL goes above green 50 SMA and holds. --- PRISM Oscillators Set (Momentum/Acceleration Analysis) pRSI STOCHS in an oversold...
Bullish: Coming down to 8732 USD and bouncing off, establishing a higher local low? Bearish: Dropping back down to the 50% Fib level @ 8507 USD, and probably will then retest 8732 USD before failing and falling deeper down. Present course of action?: Wait & watch for next move. Price likely to drop lower first for both cases. Set stop-loss for bearish case...