fractal progression + elliott impulse wave 12345 + elliott corrective wave ABC + RSI
My brief Daily AUD.USD chart analysis. I will be updating this pair as we progress to give a clearer insight into what i'm watching.
Looking at next week risk events, we do not have any pre-planned events specifically for the Kiwi. However, looking at the price development since mid June 2017, we have a strong bias that we will be seeing an impulsive bearish move real soon. Here are my technical reasons - 1) Price has entered into an extreme region of 200% - 261.8% extension area; 2) Price...
The market bounced from MA50 and the support zone. RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level. We'll have to watch for price action near the...
It's breaking daily trendline, it could still be a fake breakout, watch out entering at this prices. We touch for a few minutes already the span A from the cloud at around .0124, I wouldn't be surprise we hang in the cloud for some time so we can enter our shorts and then ride the price down, lucky if you get your orders filled at 0.127.
Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time youtu.be Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the...
You can see here that the EURCAD pair has an unsustainable bearish trend. If you start to see divergence with price action and the RSI indicator then consider a buy trade. This is an RSI 80-20 strategy that we have developed and this looks to be in phase #1 of this trading strategy. Let us know if you have any questions.
AUDUSD is trading above all short term moving averages on 4 hourly charts. RSI and ADX are also showing upwards direction. One can go long around 0.7570 levels with stop loss of 0.75350 for Target of 0.7625
Price has broken down, next support is around 2% away. - Classic bearish ascending triangle pattern - MACD turning over and still negative - RSI breakdown - Price down trending, below all moving averages
Hello traders! TVC:DXY formed an accurate orange Wolfewave on H1 timeframe confirmed by both RSI divergence and volume. (The volume is not being displayed here, but in my terminal I can see significant volume at point 5 of bearish candle). Entering shorts with initial SL being placed pretty high and after the break of line 2-4 and confirmation of continuing...
Let's think about possible entry levels using MA indicators and support levels. We can see how the market moves to the possible reversal levels. DMI indicator shows trend market conditions but ADX line falls and it tells us that we should not expect strong up movement within several days. MACD also confirms down movement. RSI falls to the oversold zone and we...
Dow Chemical has been in a bullish trend since 2009. It has been in a narrower bullish trend since January 2016. On a few occasions through this trend, three of the technical indicators discussed below are at similar levels that they are at now. These instances have resulted in short-term losses for the stock. I have also conducted further analysis based on other...
We can se a perfect gartley, The price turned down on the PRZ and we can see a lost of momentum sigend by a divergence
It is a little bit late for this post; but, here it goes! For the actual moment 4HRs time-frame does not show entry opportunity for long positions. Moreover, we are on all time high (ATH) region, which means that higher price can be reject due to 'take profit positions' from market. Taking a closed look on the chart above, which is based on divergences, it is...
Today's market feels quite choppy so I decided to go to lower time intervals and explore some possibilities. This one is set, but signal not active, wait for it before engaging. Good luck.
NAV is testing the Ichi cloud on 4 hour. Given that it had reacted to the 30 RSI mark historically, I'm liking the could to hold resistance. I'm buying more at 16.5 sat. Looking to push close to ATH at 23k sat.
It is possible to see that Ichimoku Cloud DOES NOT show great conditions to take long positions. So, for those whom are a little bit in a hurry, this actual moment is interesting to try E2E (Edge-To-Edge) cloud strategy with a short target around 12530Satoshis. However, for those whom are NOT in a hurry, this is a interesting moment to risk a long position in...
Nike ($NKE) Daily: Nike after enjoying a HUGE run up to this point, appears to be finally catching up to the overall weakness in the retail industry. We can see from this daily chart, that it started to make a series of lower lows and lower highs after posting an all time high in price around December of 2015. The stock could have moved higher after this...