Hey Rich Friends, It is time for another trading week! I think GBPUSD will continue to sell this week and here is what I am looking at: - The candles have already rejected off of the supply zone - The candles are closing below the 50 and 200 EMA - The STOCH is below is 20 and the orange line (slow line) is above the blue line (fast) This is only a technical...
Hey Rich Friends, I think GBPUSD will continue to sell this week and here is what I am looking at. - The first thing I noticed was that the market has already rejected 2 previous supply zones and is continuing to fall - The current candle has opened and closed below the 50 EMA - The STOCH is facing down and below 0 - Sellers seem to be gaining momentum. I...
Hey Rich Friends, Happy Pisces Season! As a gift to everyone, I have a very special offer for my eLearning platform where you can save over 50% on all mentorship plans. You can register by clicking here or filling out this form. I wanted to share my technical analysis of GU this week. I think it will continue to buy and here is what I am looking at. - The...
Hey Rich Friends, I think USDCAD will continue to buy this week and here is what I am looking at: - The market has already resisted the previous demand zone - The previous candle was a bullish engulfing, confirming the buying trend - The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend - The STOCH is facing up, both lines are...
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
Vulcan Materials broke out earlier this year, and now it’s pulled back. The first pattern on today’s chart is the move to record highs at the start of February. The provider of gravel and concrete jumped further after earnings and guidance surprised to the upside. Pricing helped fuel the beat, which may indicate strong fundamentals. Second is the March low of...
On the 2H chart ACB a penny stock appears to be heading down after an uptrend into VWAP band resistance. The HMAs have put ina death cross and the lines are downward and under the histogram. The dual time frame RSI indicator shows the lines falling through the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely not...
AMEX:SPY April 9, 2024. 15 Minutes. After the fall, sideways as expected. AMEX:SPY has retraced 61.8% of the fall. Buy is still above 525 only. Need to close above 200 averages in 15 minutes. As all moving averages are near in 15 minutes I expect a onesided move today based on open. If break 517.5 I have a target of 512-513 levels and ig cross 520.5 then...
SMG has good reason to trend up- the spring brings out consumers looking to get their lawn off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use it in their soil-based and hydroponic grow operations. The indicators show price...
NYSE:KMX stuck at a crossroads! After a triple bottom tease and a failed retest of support, is CarMax finally ready to break free? We're hovering right at resistance now, but the 50 and 200 SMA are offering some serious bullish encouragement. Buckle up for a potential breakout towards $120 if bulls can muscle through!
Although there are many reasons why everything should fall hard soon by the doomsday guys, I think we have a few good years left before that. Cryptoworld has just been put on worlds stage, it now has to run it's course to the top, and so does the rest of economy. I don't really know much about the economy though, I've read some books on it, lately, I've studied...
Swarm Markets is a token in the Real World Assets space that has broken out of its descending channel. It's above its 10- and 50-day moving averages and has started an upward trend. My measured target would be the 2x range extension, around $2.
LLY is looking really good here on the daily chart. It's been consolidating just below ATH on declining volume. It's been respecting the 20 EMA nicely, and MACD is about to flip bullish. definitely one to watch for a breakout.
Strategy: Long Entry: 0,91140 TP: 0,99500 (9,17%) SL: 0,87780 (3,69%) Decision Making process: BOS Reclaimed and tested Support (if Entry Level gets reached) EMA crossover (if Entry Level gets reached, we should have also crossed EMA 200) This Is Not Financial Advice - DYOR - I'm a noob
We have an interesting area between the 60 daily EMA and the 5 weekly EMA which have already shown excellent support in these BTC drops. BTC has already bounced off the 5 weekly EMA and this can only create an advantage over everything else. High risk trade with 6x leverage, I will close the position if the week closes below the 10 EMA.
BINANCE:BTCUSDT COINBASE:BTCUSD Hello Traders. In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍ The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍ The stabilization of the...
Ingersoll Rand has barely moved for about six weeks, and some traders may look for its uptrend to resume. The first pattern on today’s chart is the February 16 high of $92.32, immediately after the last earnings report. The industrial stock remained below that level for more than month. It pushed higher for about two weeks before coming back to hold the same...
Bitcoin returning to its ATH be expecting, either a great push-up or some resistance at its ATH. Either way great trade possibility ahead...