UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
On the above 4-day chart price action has corrected 70% since the sell signal in November. Now is a excellent moment to be long. Why? 1) Price action and RSI resistance breakout. 2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. 3) Price action tests past support that first printed 3 years ago. Is it...
A small idea formed on the basis of the analysis of Elliot waves. Possible final correction in the region of 12-15k.
Past performance is not indicative of future results. Still, a little observation on the monthly chart: Every time the RSI moved towards 70 coming from an RSI low, a correction of at least 2 months and at least 30% in price followed and that's pretty much where we currently are.
BA is shown on a marked up 120 minute chart with a Volume Profile and Fibonnaci retracement levels as well as the trend angle reversal at the consolidation upon finding support at the bottom of the high-volume area of the profile. The fib levels suggest targets. Risk in the trade is after earnings reports of "beats" will drive the action higher or "misses"...
On this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set up detects divergences to forecast near-future price action. One the chart text box comments serve to explain this a bit more. Basically if price is flat and RSI is...
📊 Script: ALLCARGO 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout if it. 📈 MACD is giving crossover . 📈 Right now RSI is around 63. 📈 Price increasing along with volume which indicate Volume Breakout. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 85 🟢 Target 🎯🏆 - 92 ⚠️ Stoploss ☠️🚫 -...
After ATH on global equity indices consolidation and profit taking creates an overbought short-term "risk-on" markets' condition opportunity to fade, the trade!
AMEX:SPY March 4, 2024 15 Minutes. As expected AMEX:SPY made a high around 513 levels once 508 was crossed. I expect a sideways couple of days as prices are away considerably from moving averages. Also, we have a bar in 15 minutes at ATH 513.29 with the close near the low of the bar. If we consider the rise from 507.17 to 513.29 as long 510 levels are held...
I made this call along with others back in November, SEED_DONKEYDAN_MARKET_CAP:IOTX RSI looks great, and its steady climb confirms for me it's ready to go! So excited for the future of legitimate altcoins, which also includes pair of Meme coins. Let's see how the rest plays out, .24c near future? Check out my other ideas as well.
NASDAQ:HOOD recently broke through resistance from the recent high. The shorter term EMAs (9 and 21) have crossed and we see bullish divergence (RSI) on the daily timeframe. This builds a strong case for the bullish narrative. We continue to look for strength and go long over $14.50
Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly...
Sprott Physical Uranium Trust $SRUFF ✅ 41% increase since entry @ ascending triangle breakout 🎯 Target remains 0.618 Fib Ext at $30.00 ❌ Stop Raised to $20.00 guaranteeing 23% profit I may exit this trade earlier if diagonal is breached. Had a much larger entry planned for green zones, never happened. Thats ok though, thats why initial position size...
If you haven't read my article about meme coins: Then the heightened RSI level of 99 for FLOKI signals a potential correction on the horizon. Such an extremely high RSI often indicates overbought conditions, suggesting that the asset may be due for a pullback. The price target, as per the Fibonacci retracement tool, is: $0.00000697
If you haven't entered PEPE in the buy area: Now, at an RSI exceeding 93, it seems we are currently in a massive bubble. The previous corrections following an RSI surpassing 76 were significant, as you can see in the chart! Taking into account the Fibonacci retracement tool, my anticipated price target is $0.00000243, corresponding to the 0.618 level
Bitcoin - Not A Prediction An interesting comparison to the price action that took place in Nov 2020 (post May 2020 halving) On one serious note, it reinforces just how important the 21 Day Moving Average is. If lost, we can expect at minimum ST pull back. #bitcoin CRYPTOCAP:BTC
The late 1990s saw one of the most famous bull markets of all time. Are there comparisons between that historic moment and today? Today’s idea attempts to answer that question with three indicators. First is Wilder’s Relative Strength Index (RSI), which remained above 50 throughout almost the entire calendar year of 1995. Similar moments in history marked the...