Hey guys ! Here is a nice potentiel short entry on UJ Accumulation of : - Bearish structure ( blue ) - Retest of the strong daily trendline ( red ) - Overbought ( 90%) - Standard deviation - Few fibonacci Good luck ! :)
Microsoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline...
If you look really closely, you can see where it's headed! Hint: Top trend line at about $6,500 - $6,600. We just need to work off/ negotiate the Overbought position. Have a Happy Friday 13th.
$EURUSD may consolidate here, or bounce a little, alleviating the overbought position. I somehow believe that it is slowly rolling over.
Hey guys ! Potential short setup on usdchf . ( High risk reward ) Accumulation of : - Rectangle strucutre - Breakout & retest of current uptrend - Double fibonacci retracement (61.8+88.6) - Few trendlines - 80% Overbought based on stochastic - Heading to my weekly buy setup ( watch below ) Good luck ! :)
**Watchout for NFP ** trade carefully - Breakout and retest of a major uptrend - Double fibonacci retracement
Never forget; the markets can stay overbought for a looooong time! See left side of the chart! #TrumpRally
ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level? When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and...
Whats up guys ! Here is another good accumulation setup , this time on gbp/jpy . - Fib 61.8 + 38.2 - Weekly pivot - Structure following - Strong daily trendlines - Stochastic to be overbought in small time frame , and his still overbought in higher time frame . - Retest of the moving average Good luck !
Disclaimer: this is my first idea on tradingview. Despite showing some strength in lower TFs, BTC price appears to be topping out here, as evidenced by an imminent bearish signal line crossover on the 8H MACD. I forecast a substantial price drop in the next day or so, especially since the stochRSI is also showing that it's about to go over a cliff. My plan:...
The iShares ETF that tracks more risky micro-cap stocks - IWC - reached an important 161.8% extension of a prior move. I think we could see a pullback from here to re-test the breakout level around $90. If appetite for risk stays strong, it could be a short-lived pullback, or if investors reduce risk, this could suffer more than the main indices and their ETFs.
Switching up from #crypto, this is the S&P 500 since 1980. Would you buy this?
Ford Motor Company has climbed quickly in the previous month. Overall auto sales are in rough shape and could be this way for a while. According to the technical indicators and the historics, the stock has a good chance of coming back down to Earth which is laid out here. Ford loves to flirt around the 11 mark. Will it head back to it once more? When we look at...
Chevron has climbed quick in the previous month. This could be due to hurricanes in the United States and/or OPEC manipulation. No matter the world and economic reasoning, the technicals have a response for this overexuberant movement; the stock will begin dropping soon. The history of this stock has been studied and the information is explained below. The...
I believe everyone knows the GBP is over bought and would likely fall especially as it's starting to stagnate.. Hopefully next week would be when we see the value drop as so many people anticipate.and this pattern would indicate potential selling areas.
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...
If the market price goes as the same pattern as before, there is a possible market entry for sell position at GBP/USD Daily. The price potentially build a gartley pattern in combine with fib retracement + fib extention. Furthermore, the rsi and stochastic gave you a signals that the price has already in the overbought area, and potentially will go down. In...