Oscillators
EURGBP Trade Idea EURGBP has dipped below the key technical level at 0.83. Will we decisively move beyond this zone or is it yet another tease like so many times previously? Watch to find out more.
Gold in EUR Trade IdeaGold in euro terms is flying. Definitely one to watch given the explosive price moves. Watch to find out more.
USDZAR Trade IdeaThe Rand is flexing its muscles against the dollar. Can it be sustained. Watch to find out more.
Twitter - @lukesuddards
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
How To Pick Bottoms Without Getting Stinky Fingers!Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping.
In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in your market of choice. The best markets for day trading being futures, of course! 🤑
Massive momentum divergence means a top is forming in OIL1. In this video I've focused on momentum indicators to show a massive divergence building with every higher high in the price of oil.
2. I also showed a longterm trend line providing immediate resistance
3. Lastly, I used cycle analysis to predict a major swing low ~ 8 weeks from now
TAKEAWAY: 3 independent forms of technical analysis giving the same outcome that oil peaks right now. This is complementing my fundamental view that inflation has peaked; aka oil has peaked.
Thank you and feel free to leave your constructive feedback
BAT#1 : BTC for the weekend and Tesla until MarchTLDR: BTC: Nothing changed. Going to 34k, then back to 42k before I big runup.
Tesla: Hit bottom, going to accumulate upwards for a little bit before breaking through 1000, then ATH and finally to about 1450 in the end of March.
ADA is turning bullish ! Hello everyone,
I am quite confident saying that ADA is going to be bullish next week and during the first months of the year.
Tomorrow, Sunday, is most likely going to be a red day for ADA.
Enjoy your future gains and your present weekend.
DOGE Coin. A Trend Shift is Taking Shape.BINANCE:DOGEBTC has seen many a great pumps in 2021, with smaller pumps inside the bigger ones in what looks like a fractal. Recently, DOGE has been going sideways for a whole month. This hasn't happened in a long time. It has always been trending lower and lower. A support line is gaining more significance as DOGE keeps bouncing off of it. I believe we are on the verge of a trend shift, either we remain going sideways for two more months, or we see a new pump soon that is greater than the recent weak 1-day pumps. Moreover, RSI is showing a sign of reversal due to stronger lows in RSI coinciding with lower lows in price. Let us wait and see how this unfolds, and whether the next pump is indeed stronger than the last.
EVERYTIME Apple does this, stocks go down !There's a common pattern I've shown in the video which have accurately predicted a significant move down in the overall market.
Cheers :)
ChainLink Trade Update Weekly and 12-HourI talk about two trades in this video, one on the weekly timescale and another on the 12-hour timescale.
Summary:
Weekly trade is still in play.
12-hour trade exited as stop-loss hit. Waiting for a point of re-entry.
Weekly Watchlist - December 27, 2021Some stocks that I'm watching for the week of 12/27/2021 - 12/31/2021
$IXIC $AAPL $MDB $MRVL $ROKU $SNOW $AMZN $DDOG $FB
How to use swing trading indicatorThis is tutorial on "How to use swing trading indicator " developed by me. Do use and benefit from it.
OHMDAI Bullish daily candle with biggest buy volume ever? Howdy! Hope everyone is having a good weekend out there. Green hammer, huge volume (biggest green volume on the daily ever for this pair), nice bounce from support confluence. We need VOLUME and to start making higher highs/low as well as flipping resistance to support. All my ideas are laid out here for you. Let me know your thoughts and any ideas you might have! Thanks :)
Garreth
OHM Descending channel/macro outlook Hi all, hope you enjoy my analysis here. Do let me know if you prefer written or oral style updates. I certainly prefer to listen to content and find it easier as an explainer. Obviously I'm charting OHM and not gOHM here, IMO supply and demand aren't the same between the two so it's worth looking at OHM as that's what I feel most investors are looking at. My last few ideas on RSI divergences have been pretty well timed and pumped, but we lost momentum/had failed swing-high unfortunately. Feedback welcome :)
Kairi Relative Index - OscillatorKairi calculates the deviation of the current price from its SMA as a percent of the moving average.
If the percent is high and positive Sell (Overbought )
If the percent is large and negative Buy ( Oversold )
The trading strategy is similar to RSI, but the upper and lower limits will be determined based on previous results and not like RSI at a certain level ( 30 or 70)
[Strategy] KSD Divergance with priceI use ksd and price divergence as a trading strategy
all you need is that find a divergence and wait for sharp green increasing line on ksd. than enter to long position.
KSD = KST - KST_Signal
Helpful tips for using the RSIHere I give you the tips I've found most helpful when using the RSI for both trading and TA.
Let me know what you think!
#WISH Still moving inside the falling wedge. I am LONG!Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3- Shrt term target is 9.40$ to close the daily gap, while my medium long term target is 15$
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
#BABA Possible another 10% drp to re-test historical trendlineHi All, my main 3 take-outs from this analysis are the following:
1- RSI in the weekly chart is in oversold territory with divergence vs prices
2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels
3- Possible support at 100$ is also a psichological support level (rund number)
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
This is EXACTLY how tops are formedTalking points
- google has seen momentum absolutely breakdown with a significant drop in price. This has not happened before; at least going back a few years
- it's appearing as though the break to new all time highs in oct was most likely a fakeout as there was no follow through
- the nasdaq has been rallying on extremely low breadth so if and when these big ones drop, market will go down with it
STRATEGY : my target is ~2500 which is about the 200d SMA which coincides with a potential demand zone so a triple magnet. This drop of ~10% can happen this week itself or latest next week
#EURUSD trying to test long term trendline looking for support!!Hi All, my main 3 take-outs from this analysis are the following:
1- EURUSD is approaching the support area of 1.11 (actually it would be between 1.10 and 1.11) which is historically relevant
2- The cross is also trying to test the descending red long term trendline, which was brocken in August 2020 with volumes
3- The RSI in the weekly chart is in oversold territory and everytime this happened in the past, the price rebounded strongly. We might be very close to this to happen
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
