Daily Chart Gold ( OANDA:XAUUSD ) has bounced EMA200 and Support Level at $1893 and it's trading around $1925.565 now Chart 4H TF Gold just has completed a right shoulder and all we need is a breakout and closed above neckline Wait and see next move
COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow- ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is...
KO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and options traders like myself, it is now well positioned for a long trade. KO's recent pivot highs were early to mid May with the highest trading volume at $64 according to the interval volume profile. KO descended mid-May into June 1st and then had a Fib. retracement...
Weekly Chart ZOOM ( NASDAQ:ZM ) has created a super famous Double Bottom I expect ZOOM will go up Chart 4h TF Price struggles in that range between two trend lines. We need to wait it breaks out that zone. Wait and see
WDFC, the manufacturer of WD-40 ( sprayable graphite) had a great earnings beat and a celebratory pop of 5%. My question is whether it can continue? On the 15 minute chart I have added four indicators and what they might indicate: (1) the Lorentzian Machine Learning Alert System with default settings with a few removed which shows the initial buy signal of...
COIN popped today with vigor as traders seem to recognize the resurgence of crypto. On the chart, the pop has adequate volatility and high relative volume. The RSI indicator shows RSI crossed over 50 the prior day and is now nearly at 100. The question arises, can COIN continue or will it consolidate or reverse? Please comment with your opinion.
NKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. ...
Hey folks, Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks. Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at...
hi traders! this is my idea of what could expect to happen during the breakout of a 4hr + 1hr strong resistance level and now however heading towards the daily resistance trendline which seems to be a thorn bush in the path! the reaction from this could potentially see a reversal to come back in to the zone and bounce back off the support of the trendline to...
GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and...
NVAX popped today for a price jump of more than 20%. Canada agreed to pay out on a contract for COVID vaccines it now does not want in the amount of $350M. This is hardly enough to the fundamentals of the company overall. So the question arises, have traders and / or investors overreacted to a one time bonus which is essentially revenue without overhead...
In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a...
AMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual...
PLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32...
Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been...
🐂 Trade Idea: Long - VLO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 116.75 🐿 DCA: No 😫 Stop-Loss: 107.99 🎯 Take-Profit #1: 127.09 (75%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look....
GOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number. Moreover, BTC is approaching the lower bound of the orange channel. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the...