long term trend is in a strong uptrend
intermediate time frame is showing long term moving average rising with the medium term flattening
looks like a shallow pullback with strong support confluences at the .236 retracement level and volume by price and dynamic support
volatility is contracted and congested at said area looking for an advance upward
rsi pulling...
We are long on the Amazon.
Targeting the near term resistance on the AMZN, at the 963 area.
AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
Gdx has a tendency to bounce on the 200MA. I am presently holding GDX shares and I will probably switch my position to DUST if the stock goes below the 50MA. If the stock is capable of crossing the 200MA, it would be a great bullish indicator.
As you all can see price has been in a downtrend phase for quite a while now. Price tried to break my trendline but it receded back in the downtrend phase. Price also made a fib c on my 38 % fib level and it is now currently moving downward aggressively. My moving averages have also crossed to the downside with continuing bearish candle sticks. From all the...
Once price moves towards the 200MA i think it will break and go down to test the Low of the Day (LOD) from yesterdays London/New York session.
Placing sell stop and waiting until it gets hit. Will keep an active SL on the position and move it to break even once +10 pips.
LonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-)
Previous resistance becomes structure, which is ancient resistance level from weekly.
Indicators have turned up across most timeframes
FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE
some news stuff and also supply & demand
The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry.
MA crossover on 4hour TF showing confluence to the upside.
Wait for CTL breakout to go long.
Target: 118.600 just below -61.8% fib.
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This can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit...
Moving average indicators and structure
Looks like sell across multiple timeframe
why would it test the old support (previous old resistance)?
or why not
lines up with pivots....
before news, why not it test its good old support/resist line from exactly 1 year ago! o_0
After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level.
However if price does not break the 79 level we could see...
Technical Analysis:
Along with the technical indicators that I have outlined in the graph, the following fundamental analysis supports the reason for the incoming financial 2016 crisis. Outlined in the chart are my target dates for the bottom of the market, ranging from Q1 2017 to Q4 2018. Additionally, the right shoulder that formed in the 2001 and 2008 cycles...
In our book Pennies to Thousands we look for low price cost stocks that trade above $1 up to $8, the reason we like this type range is because there maybe some research but the institutional research is light in this area. The reason we don't include stocks under $1 is we believe there are too many stocks promotions and scams in the sub - one dollar area.
We also...
