When using .768 and .236 for the upper and lower RSI bands, and then drawing a rectangle around all correlated candles, you can see how clearly the market reacts to these areas of interests in high value. When, combined with the three primary market sessions drawn as an indicator based on Jerusalem time zone, it is clear to see how to exploit this and time your...
This week, there are high-impact news events scheduled that may cause volatility in the EURUSD pair. The German ifo Business Climate, CB Consumer Confidence, and Richmond Manufacturing Index may affect the pair on Monday and Tuesday. The Pending Home Sales m/m on Wednesday and German Prelim CPI m/m and Spanish Flash CPI y/y on Thursday may also have an impact. The...
After the bottom in May of 2022, the price gapped up and broke through its resistance in $550. Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold. I don't like to hold positions that aren't going anywhere even if...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
META 65m: Intraday KLs 182.49, 184.14, 185.14, 188.13; <178.99 upside invalidated; Displaying relative strength// ATR: 5.97, Beta: 1.20., IV: 39.96%//Bias: Neutral-Risk On// Price at time of publish 181.22
Welcome to the coffee shop everybody this is your host and baristo eric. By this time everybody knows how to see and plot divergences on your chart. The one thing that I fail to see in a lot of people is to give you a winning solution or strategy on how to trade divergences after you've found them. The answer is in your algo and how the RSI moves against its...
the price retest in 0.63664 at 0.382 Fibonacci Retracement level. Expect a possible down trend to 0.63184 at 0 Fibonacci Retracement level.
1. RSI in bullish trajectory 2. Cross 200 EMA 3. Engulfing Candle 4. Price Above 24000 K
Life Time owns and operates a chain of “athletic country clubs.” They are basically high-end gyms offering everything from free weights and elliptical machines to steam saunas and smoothie bars. The company went public in late 2021, right before the bear market began. But the stock is now soaring… I have circled the signs of accumulation in the volume...
Sector Leader : NSE:CNXIT Relative strength compared to Nifty 50 - NIFT IT clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while IT is on uptrend. Now look for stocks which have better chart pattern than NIFTY IT. Some examples. These are going to perform better once NIFTY 50 turn positive 1) NSE:PERSISTENT 2) NSE:KPITTECH 3)...
BTC/USD 1 day chart quick update. Here is a closer look at this 1 day chart. BTC is in an Ascending Channel Pattern. BTC is still in a Falling Wedge Pattern. BTC is still in a Descending Channel. BTC is still in a massive Ichimoku Y Wave Pattern. At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily...
NASDAQ:IBKR may be one of the leaders of this sector. Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%. The $80 level is key and the price has formed a shark pattern near it. As the stock is in an uptrend, I'll wait for the...
MCX SCRIPT: Mcx is breaking out of an important level Stock in continuation bullish pattern CMP Range 1635-1640 SL below 1590 Possible target 1950+ Time frame =2-4 months - Trade Active
DESCRIPTION: In the chart above I have included a MACRO analysis & side by side comparison of EURUSD & DXY. POINTS: 1. DEVIATION of 0.075, found with HIGHEST HIGH & LOWEST LOW & then dividing by 2 to find a MEDIAN & so on for remaining points in between. 2. EURUSD price action is in a current downtrend getting ready to test 1ST TARGET. 3. NOTICE how TARGETS for...
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Since late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230. This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend. The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230...
Gm Today we opened DAX,with a gap which has been closed few hours later, and now we’re looking at price action near psychological level - 14 000. Bullish: (Higher low and support at point of control? ~13885?) In this moment I’m checking if price action forming triangle pattern and if it could break out and boost price from current level to ~14160 and even ~14220...