So the previous bounce led up to +1000 move within the last 2 weeks.
More downside for BTC if RSI line wont hold this time.
If RSI holds the marked support area, then expect upward trending or ranging market.
Leidos has been in a bullish trend since last year. During this course of this trend, the stock has move down after hitting resistance. This resistance was struck once again on May 25. May 25 also paved the way for a double top, which is a bearish signal. I will outline why the near-term movement is likely to the downside below.
When we take a look at other...
--daily time frame is strong..rising MA's and adx is showing strength in uptrend
-intermediate timeframe showing strong uptrend with bulls in control on the steep impulse move and rising MA's
-looking for a shallow pullback to retest 91 support area and entry
-stop loss set at the intermediate term moving average
-reaching support on trendline for rsi in upward...
Macy's has been in a bearish downtrend since late 2015. Although the overall trend is down, the stock does cycle up and down throughout the trend. On May 19, the stock bounced off support and should slightly cycle up over the course of the next month and a half. This is the first indicator the stock should move up. With mixed earnings from retail out of the way...
Looking to get into a long trade after neckline break of this pretty nice inverted SHS..
confluence through rsi divergence and flip zone ( same level as neckline) ...
waiting for a break n close to get in this juicy little thing ;-)
Qualcomm has been potentially forming a well-known technical trading indicator called a head and shoulders (HnS) pattern. This pattern is basically made up of three peaks or triangles with the middle triangle have a higher top than the ones flanked on each side. A HnS pattern with the peaks on top is bearish as the stock drops upon the final triangle (or shoulder)...
Hello all,
EURUSD might be due to a retracement after all that hard labour it went through. Should price head lower we will get a new pivot to draw a new pitchfork from.
Cheers !
After a nice drop back we're in a zone between two teal lines, that's offered symmetry for almost a month now.
Resistances/support bounces and breaks marked on the RSI .
Also, the 3 months old upward ascending trendline might offer an area of support.
We had a lovely bounce off of the daily support I had previously marked down on the daily chart here:
Now looking to get more bullish, IF red resistance line and violet descending trendline are broken.
+2000 incoming.
Basic concept: resistance -> support. There is even a lower support level, but will not draw it at this moment.
Couple of days ago we had a nice move, resulting in over 200% gains, when RSI broke out of previous resistance.
The question now is: can it find support in the same area it broke out? Will the trampoline be enough?
The SPDR fund tracking S&P Retail has been trending up for years. Lately the industry and fund have been on some rocky footing. Currently the fund is at a potential key support level with value to the upside. The projected future movements are highlighted below based on technical indicators.
When we take a look at other technical indicators, the relative strength...
Red line: resistance -> support -> resistance from the of highs 5 days ago.
Teal line: support -> resistance from the breakout 3 days ago.
Basically RSI has to break and hold above the barrier marked with yellow colour for price to reach new highs.
Previous candle closed inside the marked range.
Any close below 274sats would indicate the probability of lower prices.
On the RSI you can see the wedge we are currently inside of.
We've had two nice bounces off of the lower ascending trendline so far. As for now we are trying to stay above it as well.
IF the upper descending trendline gets broken, expect a big move to the upside!
Intraday looks bullish so far, IF LTC can break the red line and STAY above it.
It tried to do so a few days ago and yesterday, but failed(marked with red circles).
