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Macdivergence

DAL 46.64 ShortFundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent Covid variants causing havoc. Technical Analysis Price volatility since last year month-to-month. Price is in a downtrend at resistance level of 46.64. Widening channel with no breakout creating lower lows in the price without higher highs. This is a bearish trend in the near term. MACD is flat near the zero line. RSI level at 51.80. A breakout here can signal a potential upward momentum, however confirmation with a breakout at 46.46 is also needed. Stochastics showing mixed readings so it's not valid. Fibonacci retracements showing lows have retraced to 23.6 while resistance at 61.8 level has remained steady. Candlesticks showing that every time there has been a push to the upside, a doji star has confirmed a reversal on several occassions.
NYSE:DALShort
by ashpat86
HOW TO SWING TRADE USING BB - MACD!Today im going to show you how to use Bolinger Bands and MACD together to understand where the price is going. So you can swing trade easily. By the way swing trade is holding assets for profit for more than a day. So this strategy is suitable for novice investors. But you will need practice before applying this to your trading strategy! First of all i do not recommend betting against the market. Do follow the trend when using this strategy. If the trend is upwards do not short the asset. But there can be breakout from the existing trend. Therefore we can also use trendlines to have better understanding of the market. Lets identify indicators that we are going to use then i will explain how to use them to swing trade. MACD measure specific EMAs and their relations. EMAs are mainly 12 period EMA and 26 period EMA. There are 2 lines and 1 histogram on MACD. They are called, MACD line, Signal line, Histogram. MACD line = 12 EMA - 26 EMA Signal line = 9 EMA of MACD line Histogram = Difference between MACD line and Signal line We use MACD to identify trends so we can trade accordingly. If the MACD line is above 0, we are in a uptrend. If the MACD line is below 0, we are in a downtrend. If the MACD line is above or crosses above signal line it is a buy signal. If the MACD line is below or crosses below signal line it is a sell signal. Longer histograms and being too far away from zero line means momentum of the trend is high. These are the basic of MACD. Bolinger Band is easier to grasp than MACD. There is an upper channel and lower channel calculated with volatility and 2 Standard Deviations from 20 Simple of MA line. Generally if the price is closer to the upper band, market is considered overbought and vice versa. If the market is highly volatile bands widen and if volatility is low bands contract. The most important thing about BB is 20MA. Generally price will test 20MA line after it hits the upper or lower band. If price breakout or rejceted from it, trend is established. So how can we combine both of them to swing trade successfully? 1- We have to identify the market trend. We can simply draw a trendline on the chart to identify it. 2- Use 20 MA as entry-exit 3- Look MACD histogram for momentum 4- Use lower - higher band as SL-TP Example; Look at the chart on the left! Feb 04 19, uptrend started and MACD signal buy. But there is no momentum. MACD far away from zero line and price far away from 20MA. Wait until price breakout from 20MA. 1- is the confirmation of trend with momentum rising and price breakout above 20MA line. BB start to widen meaning high volatility. You can enter long trade here since price and momentum rising with volatility. 2- is the upper band of BB. This is take profit levels. If you are seasoned enough you can open short position here with 20MA area TP. 3- Test of 20MA. You can enter short or long here with lower BB being SL - TP. But with MACD signaling sell and losing positive momentum in histogram, short seems to be the RIGHT CHOICE . 4-Price cant hold 20MA. Drop to the lower band. SL-TP zone. If you are seasoned enough, potential entry zone for long trade. TP being with 20 MA zone. Lets take a look at the chart on the right. Same chart, after a couple of weeks from chart 1. There is a clear uptrend that started 09 March 20. 1- At 20 April MACD signal buy but there is no momentum and price was still below MA20. It is logical to wait for confirmation which is the breakout of MA20. 2-Price breakout MA20 after a week. Between 27 April - 05 Oct, there are more than couple times that market offers good entry zones. Between this time, MACD momentum and lines are rising to the positive-buy zone. 3- Price is around upper band for a long time. Could be a TP zone. Price also lost %25 value 2 in weeks. Some people use here as TP zone. But MACD lines and histogram were positive. Price didnt test the 20MA. Also BB is still widening. Meaning high volatility in a bull market. Opening short is not logical here. 4- Last time price touched the upper band. Histogram started to lose momentum. Potential TP zone and short entry. To be honest this seems to be a good point for short trade but didnt work out. Price went up (2. ATH) couple of weeks later with MACD momentum nearly finished. Therefore always put SL-TP with your orders. 5- MACD signaling sell. Low negative momentum. If open short here, it could be like NO.3 on the chart. Wait for confirmation. 6- Price test MA20. After couple of weeks we broke down MA20. Bear confirmed. Momentum rapidly increase to the negative zone. Potential short entry. 7-Price cant hold MA20. Lower BB reached. Possible SL-TP area. So sign from MACD to enter a long trade just yet. 8- Possible long entry with MA20 breakout above. MACD signal buy with low momentum. Therefore wait for confirmation is logical. After a week momentum rises. Long entry seems logical. New ATH for BTC. So in short, Identify a trend! Check MACD for momentum and trend strength. Enter when price breakout MA20. Confirm the breakout before enter! TP-SL at the MA20 and Band limits.
BITSTAMP:BTCUSDEducation
by thegreatwall38
Bitcoin Move up to 44.3-44.5kHey Traders, As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot. Additionally, the MACD histogram will flip green soon indicating an uptrend! But expect a retracement up to the golden pocket near 44k! Safe Trading, -Pulkanator
Long
by Pulkanatir
Tesla to $1700? Hey Traders, As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly based on fundamental terms, so that's why various short sellers pick it unaware it defies bearish technical analysis. However, on the Bearish side, the MACD on the weekly looks like it will revert to red bearish histograms, foreshadowing maybe a correction. But, I highly doubt it will hit $1700 in 3 years. Safe Trading, -Pulkanator
NASDAQ:TSLALong
by Pulkanatir
9
Bullish Divergence in Euro FuturesBasically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't know about The Small Exchange, I'd highly recommend looking into their products. community.thesmallexchange.com
CME:6E1!Long
by InnerMotionTrading
Descending Broadening WedgeBrent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have formed. The first that has already broken out is a flag. This is a specific chart pattern that forms after there has been a quick steep price rise (pole) and then a consolidation period (flag). The second is a descending broadening wedge. Ideally from my learning, you want the flag patterns and any chart patterns to be on the daily timeframe. That is how I learnt it, I have had some success trading chart patterns on a short timeframe and I have largely seen other people do the same. However, I don’t know if this is just luck or actual trading. So, I will still use them just for educational purposes so that you may know what would be the case if it was on the daily or weekly frame. The flag pattern has already broken out so there’s no point in analysing it apart from getting a price target: Difference between bottom of pole ($99.938) to the top ($107.086) = $7.148 * 0.46 (percentage meeting price target) = $3.28 Add that to the bottom of the flag ($106.003) = $109.29. The Flag pattern has already broken out and reached its price target. So the main focus will be the Descending Broadening Wedge. Breakeven Failure Rate for upward breakouts: 18% Average Rise: 32% Throwback Rate: 62% The bottom of the pattern has found support at the 0.62 Fibonacci level. The price, ideally, should touch (not cut) the trendlines five or more times. A good split between the two trendiness. That isn’t really the case here. However, the volume has been trending upwards. This is of course ideal. The price target for this pattern is quite simple for upward breakouts, it's just the peak. So that would be $110.632. This trade may be a quick one, however. The pattern has formed between two Fibonacci levels so the price may rebound once it hits the upper level. Also, as you can see from the Stochastic RSI (upper Indicator on the bottom) a bullish cross over has emerged. Also, the MACD (lower indicator on the bottom) could possibly be closing in on a bullish cross over. Well, this is a bit embarrassing because by the time I finished my analysis the pattern broke out and reached its price target haha.
OANDA:BCOUSDLong
by BlackbearTrader
TSLA at Critical Level - Could Go Either WayTSLA is at a critical point with the volume shelf and other factors that could mean either direction. Bull Case: Retesting Breakout Level Falling Wedge on Daily/65m Bullish Divergence on 65m Some Bollinger Band squeezing on 65m Bear Case: Net Premium flow favors puts heavily Bearish Engulfing Candle on Weekly MACD crossing down on Daily Hidden Bearish Divergence on Daily that may not have completely played out May be slightly below volume shelf - next shelf at $912 Diminishing Volume on Daily So: If Bulls Win... (price breaks $1,037) PT1 - $1,045 PT2 - $1,065 PT3 - $1,087 If Bears Win... (price breaks $1,021) PT1 - $1,011 PT2 - $1,000 PT3 - $1,090
NASDAQ:TSLA
by cloud9futures
2
Welspun- A good buying opportunityWelspun India is about to boom!! - The MACD line is above the Signal line - RSI is about to cross 60 - Supertread is in green - 5 DMA is cutting 26 DMA Most Indictors are showing good strength **Disclaimer: Do Your Own Research** **Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise**
NSE:WELENTLong
by ashwinpari1997
Long - COSMOS ATOM MACD Divergence on WEEKLY Timeline We had a bullish divergence in the weekly time frame on the MACD indicator. Last time this happened we had a 300% bullish run. Following the current trend-line, ATOM might be able to break through the short and long-term resistance levels. I personally think ATOM - COSMOS is a good project in the crypto scene and one that is currently undervalued. I would put the future worth of cosmos - atom somewhere in the thousands near the early days of bitcoin ($2500+). I don't know if this will play out but I do love the idea and thought it was interesting. Please feel too judge this analysis yourselves and let me know what you think in the comment section below.
KRAKEN:ATOMUSDLong
by ykpro
CHZ!What now ? Bulls or Bears? $CHZ \\ Probably 100%+ increse ?Hi everyone, According to my daily candlestick charts, #Falling Wedge it seems that we are currently inside a Falling Wedge since 2021 March 15th, and according to the rules, we already hit the top 3 times, and now we have to head to the bottom to reach 3rd time, and after that we burst. #ICHIMOKU CLOUD We can clearly observe that we are inside the RED ichimoku cloud, so it is possible to fluctuate between the top and bottom line of the ichimoku cloud. It is also evident that as far as we can see, the ichimoku cloud will get very thin, and then will probably switch to green color and if we can go above the ichomoku cloud, hell baby, we are on! :) #STOCH RSI Both lines in the Stoch RSI have gone below 80 points, that signs us the price will decrease, we will see.. #MACD Since December 4th, we havent go above the negative value, since March 22th, since I am bullish, I do not think that we will go to - area soon. #Conclusion: The price will probably decrease in the following days maybe even get halfened, but afterwards we should go to the moon. +Info: PLEASE CHECK THE WEEKLY CANDLES. WE ARE VERY BULLSIH, BUT A HAMMER CANDLE HAVE JUST FORMED, WHICH COULD HAVE A VERY BAD CONSEQUENCE. Please, please, share your idea and like mine :) Best wishes, Athomasso
by Arokthomasso
HOME DEPOT LONGHonestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks. MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally. I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range. RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
NYSE:HDLong
by ATX2014