Going short on a break of a long term level along with a short term ascending trend line. - 34EMA has started to turn over, showing a possible change in trend - RSI showing long term bearish divergence - MACD bearish and soon to go negative - Weekly chart looking very bearish Profit target at the next support level
higher time frame is showing negative divergence in rsi intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment lower time frame is showing a downtrend breaking below support and retesting on pullback will look to enter on 130.2x area for a move down to...
Annaly Capital Management has been in a long bearish trend since 2008. On multiple occasions through this trend, three of the technical indicators discussed below are at similar or higher levels, than they are now. These instances have resulted in losses for the stock. I have laid out the reasons and levels to which the stock may drop while it most likely...
I fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend. Until it is...
Great medium term sell level to enter for AUDUSD 1hr and 4hr charts ready to ease off RSI 3 waves up from bottom on daily chart hitting ichimoku cloud right now TP1 0.7455 TP2 "yet to be determined" SL 0.7570 (30 pips)
Dicks Sporting Goods has been on a bull run since November 2008. On multiple occasions through this bull, three of the technical indicators discussed below are at the same or lower levels, that they are now. These instances are resulted in gains for the stock. I have laid out the reasons and levels to which the stock may rise while it most likely ends is recent...
We see here that there is a potential reversal setup. There is divergence in price action and the RSI indicator. Pending buy order set at 109.880 We will keep this idea updated if we spot the price action continue to the down side. If that happens we will move our entry to a lower position. Let us know if you have any questions! We linked to other ideas that...
As long as the following conditions met, we have a good opportunity to take an upside reversal trade - 1) Price does not fall below 108.36 area 2) Price respects the level between 109.08 to 109.56 3) Price shows up a strong impulse move up (as a confirmation) It's currently NOT yet ready to long. As always follow your plan and trade you plan.
A good opportunity to short this pair for the short term with the following confluences - 1) We have an RSI divergence 2) We have a technical wedge pattern 3) We have a completed 3rd wave structure between 161.8% and 200% extension
-higher time frame shows defined uptrend and significant trend strength -intermediate time frame shows strong uptrend with rising moving averages with price reaching resistance area of 125.5x area -looking to price to test demand line and pullback to 125.56-.57 area which is the .236 retracement level on the shorter timeframe and demand line area -rsi and obv...
There is a lot to unpack here. First, we see that this pennant pattern is soon to break to the upside. Next, we see that there is divergence occurring with the RSI indicator and the Price action. We would say go long here right around 0.7176 once this price action breaks these levels or resistance. Let us know what you think!
The Consumer Non-Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since shortly after the US elections in November 2016. However, this fund is currently near its long-term resistance point which will most likely lead to one of two future moves. The fund could break above...
The Consumer Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since the US elections in November 2016. However, this fund is currently at its long-term resistance point which will most likely lead to one of two future moves. The fund could break above this long-term...
The Materials Sector SPDR Fund has been in a bull trend since the end of the financial crisis. The trend has narrowed but remains upright since December 2016. The fund has been in a more specific trend channel since February and has created firm support and resistance levels. The fund is currently at that resistance level. Below I have laid out the reasons and...
Simple line from the last RSI break, resistance -> support? If it holds -> higher prices for DGB.
So on the daily TF, RSI seems to respect support area. Good time to get in at 10K-12K
LTC broke out of the resistance line on the last week of March. It led up to 300% gains. This week has started with a bounce from the same line, will it continue?
Lowe's is setting up to repeat previous large declines after its most recent earnings call. The stock has been in a bullish trend since 2015. The stock has cycled in tight channels up and down throughout this bullish run. Currently Lowe's just repeated movement that has resulted in a two quick 13% drops. Near-term downward movement is outlined below. When we take...