Using Linear Regression of Second Derivative script, we can see that the momentum is down, but that down momentum is actually decreasing, as the downward histogram is making a higher low compared to prior histogram. Also, Breakout Signals script is showing yellow squares at the bottom. This means that the EMAs are stacked correctly, there is a compression(it’s...
Price of FX:USDCAD touched the weekly pivot almost exactly at the point, where the pivot crossed the higher-lows-trendline.
It might rise to around 1.36059 - which is around the level, where R1 is crossing the upper side of the linear regression channel.
7am 7-28-2023
Candle close SIGNAL BUY. EVERY INDICATOR IS BULLISH WITH STRAGETY SIGNAL.
price targets are 15702 21 hrs avg trade
15748 30 hrs avg trade
THIS A TEST TO SEE HOW THE STRAGETY PLAYS OUT.
1.66 LOTS.
stop loss at sell signal(candle close)/g-trend line
The price action is trading in the upper band of this micro bear flag, key level. Expecting a downward leg to the demand zone, as the ABCD reciprocal (0.382:2.618) is targeting the region.
It has been under formation since the 2nd week of March, which reflects the overall trend of the market for the Last 3 Months. It is a good time to invest in Nifty Bees since it has reached an all-time high and is on an unknown trajectory. Overall, it is a super bullish setup.
NZDCAD has formed 5 waves bullish pattern on its daily chart and the price is trading the price completion zone above the EL: 0.83903.
Targets:
127% AB: 0.87193
162% AB: 0.88139
A careful examination of the 9-12D timeframes using the Ocean Channel indicates that BTC has established robust support around the 26-27k level, while DXY is showcasing bullish momentum but is fast approaching potential resistance around the 103-104 mark.
The DXY has been exhibiting a bullish trend after the significant retracement. However, the index's rapid...
We have managed to close out a month above the 50% retrace at 414.04 drawn from 2022 high to low. This has been a key area to overcome. We are clearly now above the 405.11 POC area, and this month we cleared another high volume point at the 50% retrace line (414.04).
The low points in September and October 2022 touched and repelled off the lower 2 sigma line of...
ES1! Fibonacci Levels on 6wk horizon. Confluence observed with PA in sustained level between Key SMAS 20, 200. Confluence observed with 0.618 and 0.5 with areas of fair value. Reliability of measure supported using linear regression with pearsons r of 0.97554. A bear flag would be confirmed with breach of sigma 2 :3888.50 and KLs 3973.75, 3515.50 (and rediscovery...
Highly bearish confluences of strong signals on 1D chart of ADAUSDT. The price action reached supply. Double top formation. Overbought. Heading downward. Potential Head & Shoulders scenario development till the final of April. Grey area is a not-trade-zone.
Technicals:
* ABCD reciprocal .886:1.128;
* Fisher Transform bearish cross / bearish divergence;
* Chaikin...
As discussed in the previous blog, the sell-off was expected to 17000
1. Spinning Bottom Candle, which depicts the reversal and is also supported by open interest data, A lot of puts are being shorted
2. Regression channel, Since Dec 2022, Nifty has been moving in the regression channel, It is reversed from the bottom of the channel.
Assuming these structural...
Clear regression channel on BITSTAMP:BTCUSD H4 chart. Looking for short trigger if $21400's is met but fails to hold. Taking profit at channel mid and channel low at $20000 and $19300. Invalidation is $21800 break out of channel and hold. Happy to re-entre trade once price re-enters channel. Take note of 12 and 21 EMA's compressing and rolling over for...
GME - a recent break-out/back-test, Bullish MA cross on the 4-hour, VWAP and volume support are all getting me more bullish on GME.
With high volume support at this price range from last spring and early summer, looking for a rise in price heading into late Feb and early March of 2023.
Adding to shares and going long Mar 17 calls with a $25 strike.
NFA!
64% success rate for backtesting ADX/DMI + Linear Regression Channel on EUR/USD for week of 1/9/2023. Had some losses near the end but was getting sloppy with my trading rules. Need more backtesting and trial and error to get my rules ironed out.
USDINR: it used to trade with 97% precision in regression channel trends,
which is now decisively broken.
The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions.
only believing charts, I would be comfortable having a short stance for target 79.95
for the last 12 to 15 days the nifty is sideways, it wavering around critical support zone where multiple price patterns are confronting.
It is interesting to see, how these patterns unfold. As of now 2 weekly inside candles are form, it likely to create a range of 17700 to 18300 level over this month
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Yellow line is the 200 SMA
White Line is the 20 SMA.
Bottom indicator is the 20D Cumulative Returns
For those that don't know, Pivot Points, are reversal points of trend channels. You can see the trend marked out using a Regression Channel drawing tool inside Trading View.
We are...
