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Keltnerchannel

Correlations of Retail Stock Traders & Carl Jung's Archetypes Carl Jung, a renowned Swiss psychiatrist and psychoanalyst, introduced the concept of archetypes as universal patterns or symbols that reside in the collective unconscious. Carl Jung's archetypes , rooted in the collective unconscious, offer profound insights into human behavior and decision-making processes. (archetypes example would be the Devil and Angel on your shoulder, Jung beleives there is more to it that good and evil) Retail stock traders, operating in a dynamic and often volatile market, are not exempt from these archetypal influences. Let's explore the correlations between Jungian archetypes and how they impact the decision-making process of retail stock traders when executing trades. The Hero Archetype: The Hero archetype drives traders to conquer challenges and attain success. Within retail stock trading, this archetype encourages traders to take calculated risks, seize opportunities, and exhibit unwavering confidence in their decision-making abilities. While the Hero can inspire bravery and determination, traders must be mindful of impulsive and overly aggressive behaviors that may lead to irrational choices. The Sage Archetype: The Sage archetype embodies wisdom, knowledge, and the pursuit of truth. Retail stock traders influenced by the Sage archetype engage in extensive research, analysis, and due diligence before executing trades. They seek to understand market dynamics, uncover patterns, and leverage their intellectual prowess to make informed decisions. However, an excessive reliance on analysis may result in analysis paralysis, inhibiting timely execution. The Jester Archetype: The Jester archetype represents humor, spontaneity, and irreverence. In the world of retail stock trading, this archetype may manifest as traders who adopt a lighthearted approach and embrace risk with a sense of playfulness. Jester-influenced traders may be inclined to explore unconventional trades, pursue novelty, and seek excitement. Nevertheless, caution must be exercised to avoid impulsive or reckless decision-making. The Caregiver Archetype: The Caregiver archetype embodies compassion, empathy, and a desire to nurture others. In retail stock trading, traders influenced by this archetype prioritize socially responsible investing, seeking companies aligned with their values. They consider sustainable practices, ethical considerations, and impact investing as integral components of their decision-making process. However, emotional attachments to causes may cloud judgment, necessitating a balanced approach. The Magician Archetype: The Magician archetype symbolizes transformation, power, and the ability to manifest desired outcomes. Traders influenced by the Magician archetype possess intuitive market understanding and employ strategies that seem almost mystical. They may rely on technical analysis, precise timing, and sophisticated algorithms or trading systems. However, an overreliance on intuition without grounding in tangible data may result in unreliable decision-making. The Shadow Archetype: Carl Jung's concept of the shadow archetype represents the darker, suppressed aspects of the psyche. In retail stock trading, the shadow can manifest as greed, fear, impulsivity, or an inclination toward unethical practices. Traders must confront their shadows and acknowledge the potential biases and emotional influences that can cloud judgment. By bringing the shadow into conscious awareness, traders can make more objective and rational decisions. Impact on Decision-Making Process: The interplay between these archetypes and the shadow profoundly affects the decision-making process of retail stock traders. Awareness of these archetypal influences enables traders to leverage their strengths while mitigating potential pitfalls. Recognizing the shadow archetype's presence allows traders to confront their biases, manage emotions, and make more rational and ethical decisions. Understanding the correlations between Carl Jung's archetypes and the decision-making process of retail stock traders sheds light on the intricate psychological factors at play within financial markets. By recognizing and integrating these archetypal influences into their decision-making process, traders can enhance self-awareness, improve emotional regulation, and ultimately make more balanced, informed, and profitable trading decisions.
AMEX:SPYEducation
by thebearfib
1
A Tutorial on How to Use Keltner ChannelsLooking for a way to determine market trends and momentum? Keltner Channels may be the tool you’re looking for. This volatility-based indicator can help you get a clearer picture of the market and identify potential trading opportunities. In this article, we’ll take a closer look at Keltner Channels, how they work, and how you can use Keltner Channels in trading. What Is the Keltner Channel Indicator? The Keltner Channel is a popular indicator used to help determine trends, momentum, and potential reversal points in the market. Keltner Channels were invented by Chester Keltner in the 1960s, with a modified version being released in the 1980s. Keltner Channels consist of three lines plotted on a chart. The middle line is an exponential moving average (EMA). While the original Keltner Channel used a high-low range to plot the upper and lower lines, the updated version commonly found today uses Average True Range (ATR). The Keltner Channels expand and tighten based on volatility in the market. Given that most price action occurs within the bands, moves outside the channel are significant. They can indicate a strong trend forming, a breakout, or a potential reversal incoming, determined by price action and other technical indicators. Keltner Channels Settings Keltner Channels work across all timeframes, so feel free to use them in whichever period you feel most comfortable with. There are two components to the Keltner Channel: the EMA and ATR multiplier. The EMA is often set to 20 periods, providing a good balance between responsiveness and stability. The upper and lower bands are determined by a multiplier of the ATR. Two times the ATR is typical for many traders, but you can increase the number of signals by reducing the multiplier to 1 or 1.5. Be cautious that this may also increase the number of false signals you receive. To get the lower band, you need to multiply the ATR by a multiplier and subtract that number from the EMA. To get the upper band’s value, you need to multiply the ATR by a multiplier and add that number to the EMA. How to Use Keltner Channels Like other volatility-based indicators, like Bollinger Bands, there are multiple ways to interpret Keltner Channels. At its most basic, an upward-sloping channel indicates a bull trend, while a downward-sloping channel shows a bear trend. A flat channel means that the price is in a range. Most of the time, the price will bounce between the channels, using them as dynamic support/resistance levels. When a trend is strong, it tends to stick to the upper or lower bound, continually hitting the lines. A pullback to the EMA is where traders often jump on the trend. Additionally, Keltner Channels can be used to identify breakouts. This is most effective when following a range, as a break above the channel can indicate bullish momentum coming into the market and vice versa. Lastly, Keltner Channels can also signal oversold or overbought areas. A move outside of a bound that then closes back inside of the channel, usually within one or two candles, can indicate that a reversal is inbound. However, predicting reversals using Keltner Channels alone can be tricky, as the price will often retrace slightly before continuing to trend. It’s best to use Keltner Channels for trading trends and breakouts until you become more proficient with the indicator. Keltner Channel Trading Strategy Now that we have an idea of what Keltner Channels are, how to interpret them, and how to set them up, let’s look at some Keltner Channel trading systems. We’ll cover the two most effective applications: trend following and breakout trading. We’ve used the free TickTrader platform, offered by us at FXOpen, to demonstrate the strategies. To better understand how they work, you can try the TickTrader platform and use the Keltner Channel indicator for yourself. Trend Following Entry: You can wait for two consecutive closes outside of the band (indicating momentum) with a sloping channel, then enter on the retest of the EMA. For example, two candles close above the upper bound with an upward-sloping channel. Stop Loss: Just beyond the opposing bound. As the trend progresses, you could also trail the stop above or below swing points or the opposite line. Take Profit: Profit-taking is flexible here. You could begin to take profits the next time the price closes outside of the band and then moves back inside, or use a Fibonacci extension to project potential reversal levels. Alternatively, you might set a specific risk/reward ratio, like 1:3, and exit once you’re happy with your returns. In this example, we see the price bullishly moving outside the upper band with no signs of trend exhaustion. There’s also extra confluence from a larger overall bullish trend on the left-hand side, just off-screen. We then see the channels begin to slope downwards as bearish pressure enters the market with a large engulfing candle (entry 3). The EMA acted as an ideal place to enter in all three scenarios. Breakout Trading Example 1: Example 2: Entry: The first thing to look for is an extremely bullish or bearish candle that closes well beyond the channel. Often, it’ll stand out from recent price action and will have little to no wicks. You could also look for an additional close outside of the channel to qualify the signal if desired. Traders enter on the retest of the bound the price broke out from. Stop Loss: Since the idea is that momentum will continue with little movement back inside the channel, you could set a stop just above or below the EMA, depending on the direction of the trade, as seen in the first example. As in the second example, you might place the stop above or below the opposing band for a more conservative approach. Again, you can also choose to trail your stop, either just beyond the channel, above or below key swing points, and above or below the EMA. Take Profit: You could wait for the price to make another retest of the upper/lower bound once it moves beyond the high or low of your signal candle to start taking profits. Or, you could wait for a reversal candle to form, like a hammer or shooting star, that closes within the channel to take profits. In both examples, the price breaks out of the channel with momentum following a sideways range. Traders can jump in on the retest of the channel’s bands before the strong momentum continues. In the first example, a stop above the EMA would have been suitable, while it would have seen you stopped out in the second. But, taking a more conservative approach allowed us to ride the trend and potentially make more profit. What to Do Next You now have a comprehensive overview of Keltner Channels and how to apply them to the markets. However, understanding is just the first step in using Keltner Channels to trade. Here are some actionable steps you can follow to make the most out of the indicator: 1. Practice using Keltner Channels with live charts, using this article to complement your observations. You can use TickTrader to help you with this. 2. Note your observations, and try to come up with your own strategy. You could combine Keltner Channels with other indicators like RSI for extra entry confirmation. 3. Feeling ready to trade for real? You can open an FXOpen account and put your strategy to the test. 4. Expand your knowledge by reading up on related indicators, like Bollinger Bands and Average True Range. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSDEducation
by FXOpen
1
Choosing Your Channel: Bollinger, Donchian, or Keltner?When it comes to trading financial instruments, traders have a plethora of technical indicators to choose from. Among these, Bollinger Bands, Donchian Channels, and Keltner Channels stand out as popular tools for analyzing price movements and identifying potential trading opportunities. Each of these channels has its advantages and unique methods of application. This blog will compare these three channels and provide examples of how each can be used, helping you decide which one is right for you. I. Bollinger Bands Understanding Bollinger Bands Bollinger Bands, developed by John Bollinger in the 1980s, is a volatility-based indicator that measures the standard deviation of price movements. It consists of three lines: a simple moving average (SMA) and two bands that are typically set at two standard deviations above and below the SMA. The distance between the bands adjusts as volatility increases or decreases. Using Bollinger Bands Bollinger Bands are useful for identifying price movements and potential reversals. When the bands contract, it indicates low volatility, and when they expand, it signals high volatility. A common strategy is to look for a breakout or breakdown when the bands contract. Example: If a stock's price has been trading within a narrow range, and the Bollinger Bands contract, a trader might anticipate a breakout or breakdown. If the price breaks above the upper band, it could signal a bullish trend, while a break below the lower band suggests a bearish trend. This breakout should be confirmed with other indicators such as the MACD or RSI. II. Donchian Channels Understanding Donchian Channels Donchian Channels, developed by Richard Donchian in the 1960s, is a trend-following indicator that measures the highest high and lowest low over a set number of periods, typically 20 periods. It consists of three lines: the upper channel line, the lower channel line, and the middle line, which is the average of the upper and lower lines. Using Donchian Channels Donchian Channels are primarily used to identify potential breakouts and breakdowns. Traders often use the channels to assess the strength of a trend and determine entry and exit points. The Donchian cloud can be a great tool for establishing lines of support and resistance as the price makes higher highs and lower lows and conversely lower highs or lower lows. Example: If a stock's price is consistently hitting highs, a trader might use the Donchian Channels to identify a possible breakout. If the price breaks above the upper channel line, it could signal a continuation of the bullish trend. Conversely, if the price breaks below the lower channel line, it may indicate a potential trend reversal. I typically look for a secondary lower high or higher lower to confirm a reversal and then confirm the breakout with an oscillator as seen in the example below. III. Keltner Channels Understanding Keltner Channels Keltner Channels, developed by Chester Keltner in the 1960s and later modified by Linda Raschke, is a volatility-based indicator that uses the average true range (ATR) to measure price movements. It consists of three lines: an exponential moving average (EMA) and two bands set at a multiple of the ATR above and below the EMA. Using Keltner Channels Keltner Channels are effective for identifying potential trading opportunities during trending markets and can be used in conjunction with other indicators to confirm price movements. The Keltner Channel is a great tool for identifying overbought/ oversold conditions in a trend. This can help traders find better points of entry for a trade. Example: A trader might use Keltner Channels to identify potential pullbacks in a trending market. If the price moves above the upper channel line during an uptrend, it could signal an overbought condition, and the trader might wait for the price to pull back toward the EMA before entering a long position. Similarly, if the price falls below the lower channel line during a downtrend, it might indicate an oversold condition, and the trader could wait for a bounce back toward the EMA before entering a short position. The trader should also verify the bounce with other indicators as shown below. IV. BONUS: Keltner/Bollinger Bands Squeeze Strategy Channels do not have to be exclusively used on their own. The Keltner/Bollinger Bands Squeeze Strategy is a powerful technique that combines the strengths of both Keltner Channels and Bollinger Bands to identify potential trading opportunities. By understanding the nuances of this strategy, traders can significantly enhance their trading arsenal and make more informed decisions in the market. The Squeeze: A Sign of Consolidation and Potential Breakout s The Keltner/Bollinger Bands Squeeze occurs when the Bollinger Bands contract within the Keltner Channels, indicating a period of low volatility or consolidation in the market. This "squeeze" can serve as a precursor to significant price breakouts, either on the upside or downside. By closely monitoring this pattern, traders can identify periods of market consolidation and prepare to capitalize on potential breakouts. How to Implement the Keltner/Bollinger Bands Squeeze Strategy To implement this strategy, traders should follow these steps: Overlay the Keltner Channels and Bollinger Bands on your chart: Start by adding both Keltner Channels and Bollinger Bands to your preferred trading platform's chart. Ensure that the settings of both indicators are adjusted to your desired values. Identify the Squeeze: Look for periods when the Bollinger Bands contract within the Keltner Channels. This signifies a "squeeze" and acts as a sign that the market is experiencing low volatility or consolidation. Monitor for Breakouts: Keep a close eye on the price action during the squeeze. When the Bollinger Bands expand outside of the Keltner Channels, this indicates a potential breakout from the consolidation period. The direction of the breakout (upwards or downwards) will depend on the overall market trend and price action. Enter the Trade: The Keltner/Bollinger Bands Squeeze Strategy can be further enhanced by combining it with other technical indicators, such as the Relative Strength Index, or Moving Average Convergence Divergence. These complementary indicators can provide additional confirmation of potential breakouts and help traders better gauge market conditions. Once a breakout is confirmed, traders can enter a trade in the direction of the breakout. It's essential to use stop-loss orders and manage risk appropriately since false breakouts can also occur. Exit the Trade: Traders should establish a price target and exit strategy based on their analysis and risk tolerance. This can include setting a specific profit target, using trailing stops, or leveraging other technical indicators to determine when to exit the trade. Conclusion Bollinger Bands, Donchian Channels, and Keltner Channels are all valuable technical indicators for analyzing price movements and identifying potential trading opportunities. When deciding which one is right for you, consider your trading style, preferred timeframes, and the specific characteristics of the markets you trade. It's essential to familiarize yourself with each indicator and practice using them in combination with other tools to enhance your trading strategy. We have even shown that these channels can complement each other to form a more comprehensive strategy. Remember, no single indicator is perfect, and incorporating multiple tools can help you gain a more comprehensive understanding of market dynamics. Good luck and happy trading! If you enjoyed our content don’t forget to give this post a boost, and follow our page for more trading education!
Education
by LeafAlgo
27
Are Keltner Channel Bounces Worth Trading?Since I tested Bollinger Bands in the last article , what’s natural to think of testing next? Rubber bands? Rock bands? No, you silly goose! Keltner Channels… What’s the Difference Between Keltner Channels and Bollinger Bands? Bollinger Bands are based on chunks (called “standard deviations”) away from an average. Keltner Channel bands are based on multiples of the average true range (ATR) away from the average. Alrighty then. Let’s get into our test setup… The Trading Truth Test Setup We’re keeping this the same as our Bollinger Bands test, except for the ATR period. Since we’re using ATR to determine the Keltner Channels, we’re going with the same period as the moving average. Market: the S&P 500 index (using SPY to trade it, assuming SPY is exactly 1/10th the S&P 500 Index price) Timeframe: Jan 2, 2008 to March 28, 2023 Bar interval: 1 hour Moving averages: 50 bars (simple moving averages, meaning every bar gets equal weight, unlike with exponential) Average true range: 50 bars Starting Equity: $ 25,000 Max % of Equity Per Trade: 3% Commissions, fees and taxes. To keep things super simple, we’re assuming these are all zero. Our 2 Tests Test A: We’re using Keltner Channel bands 2 ATRs away from the moving average. Any time a high pierces the upper Keltner band and then a high is below the band, go short (if we’re not already in a trade). Any time a low pierces the lower Keltner band and then a low is above the band, go short (if we’re not already in a trade). This way, we’re waiting for a cross back over the band after it gets pierced. We didn’t do this for our Bollinger Bands tests, which makes this not a direct performance comparison. Test B: The same as Test A, except we’ll use Keltner bands 3 ATRs away from the MA instead of 2. The Test Results Test A's equity ended at $ 38,137.63, up 52.6%. The biggest loss from the initial $ 25,000 deposit was $ 843.16, a 3.4% loss. The maximum losing streak was $ 1,805.75 or 6.36%. Test B's equity ended with $ 34,435.71, up 37.7%. The biggest loss from the initial $ 25,000 deposit was $ 3,027.42, a 12.1% loss. The maximum losing streak was $ 2,080.71 or 8.22%. The worse results 3 ATRs away from the MA is surprising. Seems like that’d give us higher-quality trades. Even Test A’s numbers don’t come close to what plain-Jane buy and hold did: ending up 173.1%. Note: I did this analysis in a spreadsheet, with exported TradingView data. If you see any errors, please let me know. What Test Tweaks We Could Make Some traders wait for when Bollinger Bands or Keltner Channels get pinched (narrower in width). That’d be interesting to test vs bounces. One well-known trader, John Carter, looks for when Bollinger Bands go inside (“squeeze into”) Keltner Channels. He sees that as an indicator of bigger-than-normal moves. What would you test? And what else would you like to see tested? Comment below!
SP:SPX
by TradingTruthseeker
6
my scripsi have made or altered the showing scrips. TDI on top with minor and major shark fin alerts EMA cross and altered mid line cross alert. mid has two verry modified scrips First is Two BB 200 and 30 EMA or SMA with alerts and channels and KC channel pull backs crosses and exits for varying uses and William's vix fix highlights and 5 ema's engulfing candle with rsi filter and super trend some are not show or turned off but are available Second is SMC intraday and swing trading liquidly zone FVG MTF Daily weekly and monthly high and lows and support and resistance and trend lines breaks and alerts Bottom is stochastic momentum lots of level alerts and cross alerts and high lights if you want any of this pack just IM and ask i can also extract any part and make a isolated script version for you also have a MTF KJD and PSAR Oscillator
by phelpscorey85
BTCUSD Daily - Little Hope Left Crypto Winter in SeasonAs you can see bitcoin is in a dire situation. There maybe a relief bounce to 33k to close a gap produced on the bearish push down. However I doubt that it will amount to anything, if it were to hold there is a chance for a new bullish cycle to start, but no signs yet. Instead we're developing momentum downward and will start to really grind if we don't get that relief bounce soon. The trend on the daily is a loss of momentum, I'm seeing a 5th wave ending on bitcoins grander cycles meaning the deepest bearish cycles may yet come to be. Maybe it will be a quick gutting, everything crashes at once, and bitcoin goes to unimaginable lows. As the dust settles, it may re-emerge from its ashes and start a new cycle. If not, it could be a slow and painful, complicated recovery or simply an outright death. Big Picture: Zoom Zoom: Previous Analysis: Elliot Wave Count/Gann Chart: Immediate Target 33k (if bitcoin has relief bounce) Next Target 20-22k Long Term Target 3-13k If BTC Recovers 80-120k This is not financial advice.
COINBASE:BTCUSDShort
by Mikhiavelli
5
BTCUSD - Daily Inflection Point, Oh Boy!We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real correction will be much greater, probably to 10k maybe in extreme events, 1k... 4hour: 2hour: This is not financial advice.
COINBASE:BTCUSD
by Mikhiavelli
1
BTCUSD 1 Hour - Slow and Certain Breakdown. 11/13/22Indicators are signaling a breakdown for some time, and now momentum is building, fate has been decided. 20K target was reached from my dec 2021 analysis. Every target hit this year. Next up is domino contagion now that everyone has realised the crypto sphere is built on lies. F The X We have reserves, against 9x liabilities, in order to profit and extract from the market with user funds, while simultaneously getting exposed to financial instruments used to prop up the institutions that is keeping you under control. Bitcoin was the greatest bait and switch, built by the Seeing Eye Eh? Instead of granting you freedom it used you to finance the next step to slavery. I swear to lick the hands that spare me and grant me small comforts after taking everything away by limiting said choices in this game to pathways to nowhere. You can't win if there is no pathway to success; if there is no free market of ideas; there is only an illusion you can win. 100% June: you can see how the same pattern is starting to play out again. June 4 Hour: 4 Hour Present:
COINBASE:BTCUSDShort
by Mikhiavelli
4
BTCUSD Daily Inflection Point 2Bitcoin has just about hit the last transient zone, 25k area and has consolidated some 2 months. It didn't quite reach my first target, but it did consolidate in this zone hitting important price levels leaving new targets. the 10k-5k zone is an ideal area for the next wave to hit and consolidate in, and because we hadn't hit the 15-10k zone yet, bullish moves are unlikely. the 13k price has been a target of mine for a while, and in recent charts 1k target has also been considered. For now, all I see is a dip in crypto, we're apparently in a 5th wave correction, I'm hoping for a quick dip instead of a long complicated correction. It would make more sense seeing what the world markets are doing. 1 Hour 4 Hour 1 Day 1 Week Also Noteably We're under the 1x1 on the Log All Time Gann Chart/Box If bitcoin can break up in this zone, then long positions will be considered. This is not finanical advice.
COINBASE:BTCUSDShort
by Mikhiavelli
1
XTZUSDT 1DThe diary gives us a little more insight into just how narrowing the wedge imposed by XTZ is. The price continues to trade near the base of the wedge, between $1,526 and $1,391. The RSI shows the predominance of buyers, so it is difficult for this wedge not to break up. We are currently at the median of the Keltner Channel, pushing towards the upper line of the channel. In addition, XTZ is far away from the Ichimoku Cloud, which gives us a preview of XTZ's ascent to the cloud. That's what I'll be looking at right now. XTZ is a coin based on its own “Tezos” blockchain. It is used in the same way that other cryptocurrencies are used on their platforms, but it is also used to make micropayments on the network and to power smart contracts. As an added feature, they can also be used to vote for the future of the project or to let someone else vote for you. Validating transactions on the Tezos network is called “baking” and is similar to mining Bitcoin, only in Proof-of-Stake mode. For “cooking”, i.e. validating the transaction on the blockchain and securing the network, users are rewarded with XTZ.
by ferulianov
3
Keltner Channels simple but effective profit targetsOur new super simple KC Crypto Profit Targets +/- 2 script (OK we gotta work on the title) works like a charm. The circles show almost exact hits of the price at the 2 ATR (All Time Range) multiplier levels (upper and lower blue bands). Our script discards the +/- 1 and +/- 3 ATR multipliers for simplicity and conservative profit taking sake. Note that this is the HOURLY chart for a rather volatile and - let's be honest - irrational period in crypto, in particular ETHEREUM. Even so, we see lots of ideal profit opportunities thanks to this simplified Keltner Channels script. Not bad! Hope it helps!
BINANCE:ETHUSD.P
by OMGCrepes
Bitcoin Buy opportunity, no more downtrend !Bitcoin has become a great long opportunity in recent weeks. On the weekly chart, there has been a keltner squeeze where the keltner channels are completely inside the Donchian channels, this squeeze is the first bullish sign in this accumulation zone. The Elliot correction wave has also concluded with a nice C point at the low of this accumulation zone with a very high volume candle. The stochastic has also re-entered after a period of being oversold, another bullish signal. The Elliot wave concluded within a previous high volume zone and we are now waiting for the impulse wave to start with a strong up move from this area.
BITSTAMP:BTCUSDLong
by Buzz_Leighton
5
BBBY LONGThe grey trend line seems to well describe last years trend. It is easier to see that on weekly time frame. We could say it works as a support level because every time the price bounces back to a higher level so we can expect this time to happen the same. At this moment the price is testing lower Keltner Channels band and trying to get above it. RSI is close to crossing signal line on daily time frame as it already crossed on 4H time frame. MACD is rising. ENTRY: 7.24 SL: 6.71 TP: 8.3
BLong
by vf_investment
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum. Stochastic and Bollinger bands seem to confirm previous situation. We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing. ENTRY: 107 YELLOW SL: 100.73 RED TP: 119.5 GREEN
NYSE:BABALong
by vf_investment
BTCUSD BULLISH ASF Daily 5/11/22Now pay close attention, did you catch it? It's not that difficult to see. Look closer. We're right at the breaking point. On the edge, so is it time? Oh it's time! Previous Analysis: Daily 1 Hour 15 Minute So the 1 Hour is right near an inflection point, either it will breakout here and do some serious bearish action; or it'll reverse. The problem with the reversal on the 1 hour is the 15 minute looks like its ready to dump some more, meaning price will push over the edge of the 1 hour and the reversal zone on the daily will break and push to significantly lower lows. There maybe another buying opportunity coming this month, but this one might be a selling opportunity provided the 15 minute continues to breakdown and release the 1 hour. This is not financial advice. Good Luck.
COINBASE:BTCUSD
by Mikhiavelli
STT LONGAs we can see in this graph, STT stock seems to be following a bearish pattern (orange lines). It just hit the and bounced on the bottom line, so we can take advantage of the movement with a long position. Starting from the bottom, in green we highlighted 3 signals: -STOCHASTIC: even if it still is in the oversold area, we can see that the signal line has just been crossed upward; -RSI just crossed the signal line and left the oversold area, giving us a pretty strong long signal; -KELTNER CHANNEL: as we can see, the price rose above KC's bottom line giving us another buy signal. Even MACD encourages us to go long because it is gaining bullish strength and it is close to crossing the signal line. Fundamentals; Earning were released just two weeks ago with better results than expected. LONG OPEN: 70.81 SL: 68.59 TP: 76.36 We could also aim higher than TP, until top orange line.
NYSE:STTLong
by vf_investment