Although It doesn't looks very bad (more like movement in channel) but it's continue to print LL and LH on daily.
So If it continues to dump further I think I'll take this short.
Information is just for educational purposes, never financial advice. Always do your own research.
The Best Momentum Trading Strategy using the Best Forex Momentum Indicator
Our team at Trading Strategy Guides believes that smart trading is the way to build the best momentum trading strategy. In this regard, we don’t want to predict when the momentum will happen, but we let the market tips his hands and then react.
One principle of the momentum indicator...
IF you follow me, you’d know that earlier this week, I already saw the S&P500 revisiting and exceeding the last low. While the earlier part of this week saw a rebound, it is wide ranged and volatile. It is about time for a revisit to the lows, and did you know that Goldman Sachs (financials) are leading the way?
Technically bearish, GS is leading the reversal down...
Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case.
This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks...
Today’s update will be on CGC, clear levels to watch to dictate the trend in coming weeks/months
Points to consider,
- Trend respecting .618 Fibonacci
- Structural resistance to break
- MA’s holding as support
- RSI respecting support
- Stochastics neutral
- Volume below average
CGC has respected its Fibonacci level, .618, signalling...
W1 - Price reached a strong resistance zone, bearish hidden divergence.
D1 - Price broke below the bullish channel, the price then moved lower and has created lower lows.
H4 - Price is moving inside a small range, we may now look to sell the top of the range with bearish evidences.
If you want to be more conservative then wait for the price to break below the...
D1 - We had a bearish divergence, then the price moved lower and broke below the last low thus forming a bearish convergence.
In addition to this the price has also broken below the uptrend line, we may consider these as evidences of bearish pressure.
H4 - Bearish trend structure (3 lower highs, lower lows pattern), we may now look for pullbacks towards the sell...
W1 - Price is holding below the downtrend line, bearish hidden divergence.
D1 - Price has broken below the last low and has created lower lows, currently it looks like a retrace is happening.
H4 - Bearish hidden divergence, we may now look for more evidences of bearish pressure in order to join the bears.
W1 - Bearish hidden divergence, RSI trend line breakout
D1 - Uptrend line breakout, last divergence was bearish regular.
H4 - Bearish divergence, most recent trend line breakout, also the previous swing low was broken creating lower lows.
We may now look for pullbacks and sells with more bearish evidences.
$CREE is under pressure technically and broke under a key uptrend line. Just looking at the chart and you can see that $CREE has been making lower highs and lows. We believe $CREE is going under $40 and will test new 52 week lows. This all comes after $CREE delivered disappointing Q1 earnings and forecast a loss in Q2. Here are the highlights:
After forming a large bearish engulfing on the October monthly close, and price breaking a daily ascending TL and creating a new lower low. I am expecting price to come back for a retest of the TL / one of my areas of interest before potentially another large drop. One thing which goes against this however is price is still forming mini HHs and HLs above my EMAs...
No lower low formed in the downtrend, liquidity captured with institutional candle and liquidity + imbaalnces to fill on the upside. I'm looking for this to go long with the shift of momentum.
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