As the positive news for DXY will impact USDJPY, and price has already break its internal high, indicating that price might go higher. So we are going to find an area to buy in the demand zone. Conservatively, it place near the H1 internal swing low.
DECK looking primed for another leg up after coming back down to test the 20 EMA on the 65min chart. A much needed RSI reset, and now the stock is looking primed to retest ATH. Target is obviously the $768 ATH and price discovery once again after that.
ADBE is showing some great strength and testing the local high set in the middle of December. It's been consistently bouncing off the 50 EMA on the 65min chart and looks ready to break through. Might happen today, or even better, a Monday red to green should send it straight through on high volume.
Hi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The...
UNI had a nice rejection from 200EMA, where the price turned down sharply! We are looking here for a potential movement towards that support zone while also looking for a potential re-test of that 200 EMA, which might be our next resistance zone. Swallow Team
Micron Technology has pulled back after hitting its highest level in almost two years, and some traders may see an opportunity. The first pattern on today’s chart is the price area around $85, MU’s approximate high in the first half of January. It also represents a 50 percent retracement of the move so far in 2024. Second, the memory-chip maker is trying to...
Advance Enzymes support 300 expected level 470 RSI above 60 D/W/M EMA 20/50/200
AMEX:SPY February 2, 2024 15 Minutes AMEX:SPY is very bullish. All falls are negated and the bounce back is very sharp. At the moment I have 540-560 as a target on the daily time frame, as long as 460 is held. There is oscillator divergence daily. But I expect 9,21 averages to be held on any fall. At the moment 21 averages around 480 levels. For the day...
Closing in on the completion of the series on moving averages, I have overlaid the EMAs using Lucas Numbers to determine the number of periods to measure for daily, weekly, and monthly closes. 2 black 1 orange 3 red 4 pink 7 purple 11 dark blue 18 light blue 29 light green 47 black 76 orange 123 red 199 pink 322 purple 521 dark blue 843 light blue 1364 light...
Continuing the series, Lucas Numbers are ultimately derived from phi, the golden ratio. I consider them Fibonacci Multiples because I discovered them by taking the ratio of nonsequential numbers along the Fibonacci Sequence. Using daily, weekly, and monthly closes, I have overlaid the SMAs using Lucas Numbers to determine the number of periods to measure. 2...
Exxon Mobil has bounced in the last two weeks, but how much higher can it go? The first pattern on today’s chart is the $105.87 level. It was the closing price on November 6. XOM remained below it later that month and been unable to reclaim it since. That may suggest it’s become resistance. Next, stochastics returned to an overbought condition. Third, the...
Its' Not FA. Just share my POV about prediction of BTCUSDT - TF 1 Month. DYOR. Thank You.
CVNA is looking to breakout of this downward channel it's been caught in since mid December. It has reclaimed both the 50 and 20 EMAs and is pushing the top end of the channel. With 35% short interest, a bullish Fed decision could send this flying.
Hi Traders! A symmetrical triangle has formed on the GBPUSD 1D chart, and we could have a breakout soon as pressure is quickly mounting on the pound. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it...
We know what to expect, but we might as well show the chart with Exponential Moving Averages. I begin to wonder if the deviations between close moving averages have any significance. Using daily, weekly, and monthly closes, I have overlaid the EMAs using the Fibonacci Sequence to determine the number of periods to measure. Starting with the 5th number of the...
We have taken a look at Daily, Weekly, & Monthly Moving Averages for commonly used numbers given our base 10 system, and discussed the reason for the discrepancies across time frames. Now we take a look at how moving averages change using the Fibonacci Sequence across multiple time frames. Using daily, weekly, and monthly closes, I have overlaid the SMAs using...
Banknifty 1D timeframe is respecting the most effecting moving averages of 20/50/200 EMA. As per analysis, Banknifty is quite bearish
AMEX:SPY February 1, 2024 No comments. The system was right. Again 200 average in 15 minutes gave trade. And once more Wednesday /Thursday worked out. I made 2 mistakes. First forgot the day. Wednesday. Closed shots on Tuesday. Second, lost patience. Elliott Oscillator divergence worked for the nth time. No trade today. For the fall 491 to 482, 488 will be a...