Hi Guys. As usual always on the lookout for Macro trend setups, signs and opportunities. PARA seems to be in a position of low risk trade setup.
We have made it to a Historical Support level, where interactions here normally leads to bounces upward.
Please note however that previous history does not mean it is 100% probable that it will repeat.
HOwever, being...
NFLX started a good trend up about June 25 and then pulled back in the day after the
earnings report. Although the earnings beat expectations, price continued to drop in
a VWAP breakdown shown here on a 2 hr chart. Over the 2 days that followed, price
has continued down at a slower rate and candle ranges are diminished. Importantly,
the zero=lag MACD...
TELL is currently breaking out of a Falling Wedge after confirming a Double Divergence in the MACD at the 0.886 and also Bullishly Diverging the previous week's candle. A break of the $1.55 level could quickly take it back to $6.5, as that will likely also align with the RSI entering back into the Bullish Control Zone.
Remark Holdings is sitting at a Logscale 1.618 Fibonacci Extension and an AB=CD PCZ while showing a big amount of MACD Bullish Divergence on the Monthly Timeframe and it would seem it's eventual Bullish Target would be a minimum of HKEX:151 to go back to C.
We have a Bullish Bat Visible on the Weekly and Monthly with Weekly MACD Bullish Divergence near the bottom of a Decades Long Range. If we bounce from here to the range top a Partial-Decline will be Confirmed that could likely result in a Breakout to $28.
Ericsson also has a great P/E Ratio to back it up and as a result i have gotten the Jan 19 (413d) 8 C call...
Price action and chart pattern trading setup:
> Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders
> Entry @ breakout neckline
> Target @ approximately the height of the head 9 baht
> Stoploss @ upcoming right shoulder minor 5-wave
> Risk reward ratio: 2:1 with downside -6%
Indicator:
> RSI +50 cross MA and MACD...
We areina tight range at the lows with Bullish Divergence onthe MACD and a little on the RSI if price can hold and eventually break the moving averages from here i can see itgoing up to as high as a 1.618 Extension.
This shows MACD Bullish Divergence and thats to $92. My path shows to $120-128. Chart looks really. Good. I used the Cloud this time to find the same move in the past. As i think its more reliable when you can find price action dip into the cloud the same way and with the same kind of candles that have been painted. I customized this Cloud way out of wack...
ORG has bounced off strongly off Support with very High Volume, confirming its Bullish reversal. I expect a little correction to the downside as it looks like it is currently facing some resistance. There is also MACD Bullish Divergence on the Daily Timeframe and I expect a small correction or maybe a backtest of support near $4.20 - $4.35 zone which could give a...
AGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00.
Please note...
MFG has managed to close above the Bearish Trendline (Wedge) with very high volume volume. The bounce is expected to continue towards its Resistance which should be the take profit zone now. There is Bullish Divergence on MACD suggesting that the Bearish Momentum has finished and the Bulls have taken control. My trade plan is given below:
TP1 - 54.7 (Potential...
MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My...
Not much needs to be said here. I shared something similar a couple days ago but we officially have a Bullish cross on the 1D MACD. and it looks like we are headed for a breakout. Price should test the previous ATH before we continue to the target of $2,500.
Hi Beautiful peopleeee on the weekend!!
Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign.
From these reasons, I see a opportunity here to go long with a tight stop loss around...
My series on IOTABTC continue here. As predicted in Part 2 (scrolling down the post) after the upside move driven up by Bitcoin yesterday, IOTA move downside aprroaching the Kijun-sen of the Ichimoku Cloud at around 0.00014880;
If IOTA on the 4H chart found support on that yellow line, it can go sideways for a couple of days and then move to the next resistance...
