Dear Everyone, I tried to do some Wyckoff analysis, supporting RSI-14 indicator. As RSI shows overbought and oversold areas, that could be much helpfull in recognizing the accumulation and distribution phases. And... indeed that seems to be is helpfull. Best regards, Paweł
As I said in an earlier post- this is just not a buy zone for me although KEY is looking good for more upside - but the buy for me would have been back on April 15th or April 22nd - where the RSI comes well below 32 . This daily chart on KEY/USDT is generally a buy off of RSI at or below 32 ( where the green line is ), and the sell is generally above 73 ( where...
Technically, it is not looking good for AXIATA as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. For a turnaround to occur, the price needs to decisively break the resistance of 3.2 which has resisted any upward. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and...
With all the bearish sentiment surrounding the dollar index, I'm looking to be a buyer. We have a lower trendline @ 24.50 area, and the weekly RSI 14 is at 31.51. In the past 14 years, every RSI level below 30 has resulted in a swing gain of 9%-25%, even if it didnt capture the bottom. Cost averaging improves the accuracy of the dip buying. Lots of support at...
ORCL has been consolidating lately but new fundamentals elements may push the price to break out of the falling wedge that it is currently consolidating in. Technicals: RSI looks healthy, MACD making golden cross. Consolidation inside of falling wedge(near breakout) Fundamentals: TIKTOK acquisition rumor Note: Wait for confirmation of breakout to be safe.
Awal separuh Julai 2020, RSI Overbought. Akhir separuh Julai 2020, RSI consolidate dan sedang menuju Oversold. Jangkaan Ogos 2020, RSI Oversold.
OESX, one of the most promising setups out there at this price. Insiders buying: www.nasdaq.com Technically a turning point and a good price for such a growth derived company.
A counter-trend trading opportunity on GBPJPY for a buying opportunity. I'd engage this trade. The first target fall withing the sell zone of this timeframe. Let's see how this trade rolls out.
Remember to leave a like if you enjoy my content! Remember to watch the oil price, because NAT has shown to go the opposite price of the oil. RSI shows oversold + strong support line at 4.92. If the price breaks the trendline, it could rally up to 5.35 or even 5.55 Remember to watch out, if the support is broken, the stock could go really low. Risk/Reward...
The USDOLLAR is having a brutal week after Tuesday’s emergency rate cut by the Federal Reserve – with markets expecting another 50 basis points cut on the bank's March 18th meeting. Carry trades unwind and the index breaks below 12.250, which exposes last month lows (12.200), closely followed by December’s low (12.181). Technically speaking these levels...
Daily time frame analysis shows Gold making correction as we can see the price near 0.618 Fibo level. I expect the price will make correction/retracement for these few days before it continues for bullish momentum. On top of that, the RSI already oversold at 88% which means it will act as our confirmation for short entry. Last but not least, we need to wait for...
NZD/USD has reached a strong support level with RSI oversold. Wait for confirmation to go long on smaller time frames.
Beginning of a new trend? Symmetrical bowl top RSI formation.
Hi All, Recently I came to a new understanding on RSI and MA and how one can trade with this indicator. ************************** I have leveraged others scripts and created my own RIS_EMA\MA indicator, soon to be share out, so watch my space for this. I believe others have done this but I feel a cleaner job can be done. ************************* Using Fib Fan...
RSI Divergence on EURPLN. Combining Friday & Mondays price action gives us a solid bullish hammer as an entry. Stop placed below recent low and limit placed at 50% retracement of recent move for 1:4.3 R:R. One slight drawback on this setup that isn't sitting right with me is the fact that the lower bollinger band has not been tested although the RSI dipping to 25...
Considering the daily time frame showing possible bullish divergence. If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8. The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is...