I think its time to look at a bottoming pattern in the oils and put on a long swing trade. I like how this is lining up.
The clouds are looking bullish. As I have labeled on the chart everything you want to see to be bullish is occurring. Also confirming indicators are all bullish as well. I think its time to take a long position
I was looking amazed at this chain of events that have happened on the EURUSD pair. First of all, price reaches a Daily/240min demand zone around 1.2358 (proximal line of the 240min demand level), right when this is happening, there is a great looking serial bullish/positive divergence on the daily chart, which means price had given three lower lows, but the RSI...
The key word of the last week has been whipsaw. This term is applied in trading circles when the price head’s in one direction, and then is quickly followed by a movement in the opposite direction. The price of bitcoin has entered a period of high volatility and is whipsawing all over the place. A few simple words here: traders beware. It is time to be vigilant...
Right now is a time to stay bullish but be vigilant. The price is back in the cloud which is warning of a change of trend. Price has held support and stayed in the cloud. Indicators like RSI point to staying bullish. Cloud Span A has crossed Cloud Span B in the cloud ahead which is a bullish sign as well. The Standard Line(BLUE) has crossed through the cloud to...
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
I think its time to look long. Classic retest on low volume with many indicators showing signs for a reversal.
The chart above shows that it has mocked the 5-0 harmonic, rising well above the 191.80 level. It has also retraced more than 61.8%, a key Fibonacci level, of the move lower from the all-time high. The RSI has also continued up through the mid line and the MACD is rising. These are good things. But there are some characteristics on the chart that still warrant...
The over all trend has been down, while on the 4hr charts the trend has been up toward the upper bounds of the daily down trend. The short term 30min chart is showing divergence and lessening momentum, as it approaches the upper bounds of the down trend. This divergence, which is indicating a move down, is a good place to enter short, and ride the larger trend...
Please see the linked chart as well. The daily chart shows RSI divergence, indicating a move lower. The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter. Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very...
Notes on the chart. Watching price action for exit indication.
Description in the graph.
1. Each bottom represents an approximate $60 increase from the previous one ($55-$115-$175-$235) and on Friday we closed just above $235. 2. TSLA rebounded off of the orange trend line twice, seems like its going for a third time. 3. $235-$240 level has a history of being a support/resistance level dating back to March of this year. 4. The RSI shows TSLA is...
Hi all, We have been reading market chatter about whether the S&P 500 Index is too high and due for a correction, in the face of the recent sell-offs. Hence, I would like to give the technical view of things and perhaps share more about using the Relative Strength Index Indicator (RSI) at the same time. Please take note this is NOT A BREAKOUT trade Idea that I...
Looking at the chart, one can notice decreased volatility in the recent couple of days. The triangle have formed on the daily chart.. Moreover, the pattern of lower highs but higher lows pushing stock sideways prior to earnings! Given recent events such as Alibaba IPO and Starboard involvement, i predict stock has more chance to breakout upwards prior\after the...