Day 46/100 - Clear break of 78-72 range - Retested 78 as support - Expecting more upside into 83 at least by this week Implications on FX - While CAD may be dragged down by USD underperformance, OIL may give it some boost as we expect upside momentum to resume briefly
Market Structure Bullish on Higher Time Frames AOI Daily and Weekly in the same Area Around Psychological Level Potential W Formation on the H4 Time Frame Previous Daily Rejection Candle Potential H4 EMA retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Live to die another day :...
UBER on the 15-minute chart this week has printed a small bullish pennant pattern then continued into another larger print of the same pattern. The Price Volume Trend Oscillator went red to green as the initiation of this trend over the past two days. Trading volumes have pushed prices and are in the range of double the moving average. The zero-lag MACD...
that is tracking the gold bullrun which started two weeks ago on July 3rd after a downtrend for two months starting on May 2nd. This is not a leveraged ETF as so a bit less volatile than JNUG or GDXU. On the 2H chart, I have added a VWAP band line setup anchored into the pivot high. On my analysis: 1. GLD is ascending through VWAP band lines in a VWAP...
I believe this to be a triple zig zag combination although it does not appear to be text book as the link attached describes, however as the saying goes if it quacks like a duck it probably is a duck!
AMEX:SPY July 19,2023 15 Minutes. 348 was the low in SPY. And once 418 crossed we are in bull market as it is 20% above low. After that non-stop this move going on. It is normal in daily and weekly for an Index to be above 200 averages for a long time. I am seeing in 15 minutes time frame after a long time. AMEX:SPY opened at gap down 450.5 making a low...
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator...
Ethereum is in a downtrend that continues until the price of $850. Buyers are trying to push the price above $1900, but now the power is in the hands of sellers, and those who entered the short trade at the price of $2000 are holding the trade. Thus, the first strong support of Ethereum is at the price of 1836. which will be touched soon. And this price is a...
Day 45/100 - Facing resistance at 1980 - Expecting rejection and retracement towards 1940 before further upside - If 1980 breaks, will look to enter to target 2040
THIS IDEA WAS CREATED WITH A LOT OF HOPIUM, DO UR OWN DUE DILIGENCE. I AM NOT A FINANCIAL ADVISOR. NYSE:HSY The earnings were better then expected in the last 4 earnings which resulted on average around 3-5% price increase. The earnings date is on 27th july, I expect for them to beat the earnings hence the price could increase as it did in the...
Buy at Market Execution or Buy Limit at1.27050 or Lower SL: 1.26650 OR lower (40 pips) TP 1: 1.27450 (40 pips) 1:1RR TP 2: 1.27850 (80 pips) 1:2RR 1. Candles Are Above The 50 And 200 Emas: Bullish Conditions Met 2. Mom Facing Up And Above 0 3. Stoch Facing Up, Above 50, Blue Above Orange Result: Pending Please Do Your Own Analysis And Use Proper Risk...
AMEX:SPY July 18, 2023 15 Minutes. The big move from 438 to 451 in 5-6 sessions is settling down. Last few days as expected we are having a sideways for the range 448.5 to 451.5. In Daily 200 is nearly 10% below, hourly around 440 levels and in 15 minutes around $5 away. Th expected pullback in the shorter time frame does not seem to be happening. Hence...
MNDY looks healthy and is possibly setting up. The setup: 52-week high breakout above $187 pivot Late Jan, it came above the 200dsma and rode the 21-day ema for about a 25%-30% move then started to drifted back in undercutting the 200dsma for four days in early May. This four day undercut traded on above average daily volume without further progress to the...
RIVN on the 2H chart rose 67% to begin July as part of the larger EV sector rally which included several other tickers including those from UK and China. It has pulled back significantly since completing a double top on July 13th. Price is now hovering over and supported by the mean VWAP line anchored to July 1st. The two time frame RSI indicator shows both...
JPM is in an uptrend since earnings the morning of July 14th at the end of the trading week. On the 1H chart with VWAP band lines anchored to a week before earnings as a dynamic support and resistance reference shows a rise from below the first standard deviation above the mean VWAP to above it with a pullback after the earnings and then a continuation at...
On the 30- minute chart, SPY is in an uptrend continuing from the end of the last trading week. I see this as continuing for the following reasons on analysis: 1. The Lorentzian AI machine learning indicator's last signal was a buy signal. Given its specific accuracy of 73% as the table reports, I suspect the uptrend will continue until a sell signal...
Over the past few days, we have witnessed a significant decline in the price of Bitcoin, resulting in it falling below the Simple Moving Averages (SMA) of both 50 and 100. Furthermore, these moving averages have also started to flatten, indicating a potential weakening of the bullish trend we have been observing. While it is important to remember that past...
The 50 ma is about to crossthe200 on the daily the 20 crossed the other week and that gained 🐂 ish momentum we are at 14 month highs and the resistance next is the 95$ area a solid 20percent