The price has been forming an ascending channel, and it is forming a MACD divergence so we are waiting for the price to break the channel and close below the support zone in order to confirm the change of trend.
Also, look out for possible news that could possibly make volatile.
Comment your ideas!
AMD looking pretty extended here with MACD diverging down, picked up some Aug 16, 32 purs for 25c. Don't usually keep options bought on Friday over the weekend, so we'll watch this one for last 2 hours today
The price has broken the ascending channel so we are expecting it to close below the support zone in order to confirm the change of trend and enter the sell.
There are 3 high highs but with MACD divergence so we are expecting it to change the trend in order confirm the sell. Look for the Fibonacci levels for confirmation as well.
Comment your thoughts!
The price has formed a descending channel so we are waiting to make a rupture upwards given the MACD divergence and its closeness to a very strong historic support. We can also see a double top within the channel.
Comment your opinions!
NZDUSD fundamentally has good background but technically it needs to rest a little before it continue to grow. After good growth (includes weak divergence) without pullbacks here can sell for short time (scalp).
The Price has rboken the descending triangle and made a confirmation but had a Little pullback so we are expecting it to continue the upwards trend and it is a good buy entry.
Also there is a doublé bottom formation with MACD divergence.
Petrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses.
Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja).
Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses.
Habra que ver si se mantiene por encima de...
PGR looks to be rolling over from the double top at new highs. MACD diverging down and the slope seems to indicate PGR should be at just over $80. The pattern took 25 trading days and isnt as even a V-shape as we look for, but going to grab some July 19 80 puts just after the open today. Target to sell before end of the week.
Ravencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Price has reached a strong support area. There might be a possible double bottom, and there is MACD...