Ichimoku proving a bullish bias, pullback looking to bounce off 50 DMA which aligns to previous resistance and a recent attack of support.
As you see, on the 1H chart we hit 200 MA, trendline, Fibonacci line, and we are in a small downtrend. I look to short on Signal. (double top, doji, lower high)
Looking to play a 1-2-3 intraday bottoming pattern tomorrow in in the grey box on the 5 minute chart. Daily is showing a 61.8% fib retracement from highs which aligns with the 50DMA. Looking for a bounce in this region.
Been on a good run pre earnings, and jumped 6$ after earnings release after beating estimates. As expected a exhaust period is in play pulling back. Key low volume on pullback and worked off overbought stochastic. The DMAs are still quite far off so I think 38% of the fib retracement could be the support here. Missed the bounce off it the previous last 2 days so...
Consolidated around resistance and eventually broke out. Now pulled back on lower volume to previous resistance now acting as support. Worked off its overbought condition & found additional support on the 20DMA. Buying here with a stop @ 30.00. First target is 32.58 but only looking to take half off the table at that price.
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
VIX is showing strong technical signals and with the market being the way it is I believe we are actually in the spike. Not of the early 2015 caliber, but similar.
BEST TIME TO ENTER SILVER. Once again for speculators, if the numbers and ROI suit your requirement, then take decision on SILVER. Remember... remember last December.
First created by Charles LeBeau and David Lucas Recreated here on TradingView by JR and Ricardo Santos By default triggers are set at fast 2,3,4 MA's. You can change the inputs as you like.
I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...
3 simple rules and you are set. Try to get your entries close to the 20 SMA. If markets are not moving much try this on other markets, maybe stocks.
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320. A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
After 12 consecutive down days, for the first time the price was not able to break yesterday's lowest price. I will wait a little to see where price will head tomorrow and next week. This is possible in every case, but if we add MACD divergence to this signal, it seems that likely we will see short term price rally above EMA channel. But definitely it is a down...
I hate messy and overloaded charts, but this one seems too perfect. First off, we have been in an ascending triangle since February. SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence. We still haven't...