The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially the RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.
RSI with EMA Signal Created By Request For @motcha1
@motcha1 Requested the RSI with EMA Signal.
A Larry Williams Follower who says it's a Great
Entry Signal when RSI Crosses EMA When VIX
Is Showing A Potential Bottom. Looks Good!!!
***Waiting For The RSI To Cross The EMA I’ve Found To Be A Very Precise Entry Without Getting In Too Early. Thanks...
BIAS: SHORT
CONFLUENCES:
1, Flag Pattern
2, Ready to impulse 5th wave of Elliott Wave Theory
3, RSI Divergence
Target is based on Fibonacci Clusters which will determine the potential end of this whole impulse wave
BIAS: SHORT
Wow, this is a very slow pair, I used to underestimate those rumours.
After that huge bullish run, I have been watching this ascending channel form for quite some time, which indicates to me we are either expecting a reversal (doubt it), or a nice retracement - it has broken it but waiting for a daily closure in order to trade it.
1, Currently...
Hello friends,
I must apologize for my last post. I expected a dump at the 21 weekly moving average, but in the end it was a breakout to the upside. Still stuff like this is part of the game and we keep on trading to gain more than we lose. With the last pump you notice that Bitcoin stopped at an important level called the 0.618 Fibonacci Retracement. Besides...
RSI breaks trendline, that means price is gonna be breakout soon
Price isn't going below 0.009xx because this is demand zone
so now, we can place stop order above 0.0105xx
stop loss: below 0.009xx
take profit: 0.017xx - 0.02xx
Using Fibonacci retracement: SBUX next resistance is $85.75.
If we brake above this line with high volume, it confirms the extended bull trend; meaning we could spend some more time in overbought conditions.
RSI and OBV confirm strong uptrend since July 2018. Check weekly time-frame for a clear view.
Flag is forming (again) on Z.
Technicals
RSI(10) @67 on higher highs
ADX @45 on higher highs
SMA(50) crossing above SMA(200)
SMA(100) crossing above SMA(200)
Note:
Would not buy if it breaks the $44.3 support line. If it bounces upward, consider being Long.
* Remember to always set your stop-loss and profit-exit orders to protect yourself and balance the...
First let's take a look at the EMAs, we have a golden cross (50 EMA crossed above the 200 EMA) and our candles are above the 21 EMA = bullish. We will also have the 100 EMA cross above the 200 EMA soon which would be great also. Next lets take a look at the other indicators, our RSI has room to grow pointing upward as if to suggest that it wants to push into the...
In the beginning of this year D4rkEnergY spent a lot of time making charts for you guys, which made him number 1 trader on all the list. I came back again and again, but had a hard time being consistent due to stress! I've now had a break for several months!
I just wanna say from the bottom of my heart, and take this chance to apologize to...
ABSOLUTELY...
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...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
