WDC now at a triple top with downside divergence on MACD, its a short week next week but there's room 53.5 sept 6 puts to play out picked up some at 26 cents, in this case holding over the weekend unless we have a final hours strong down. the weekly is at a longer term topping area but no divergence on MACD.
I find it is often good to use different indicators to pick up on things that you might have missed. In this case its a bullish divergence on the macd. This is the weekly chart. Indicators like the macd, rsi are used to identify divergences in trends.
WKHS is at the PCZ of a Bullish Gartley on the Daily timeframe. It's also at the PCZ of a much greater Potential Bullish 5-0 and Reciprocal AB=CD all while Bullishly Crossing Over on the MACD. If things go as one would expect a 5-0 to go we will see WKHS try to target the $42 Area in an effort to atleast make a 100% Retrace.
I see Hidden Bullish RSI Divergence in 4H chart of BTSUSD, in combination with a Bullish Crossover in MACD. These are 2 bullish signals for me. I expect growth towards resistance at 0.022.
TQQQ 15m chart double bottom and upside divergence on MACD. Quick trade I usually trade higher timeframes. Bought the AUg 9, 63 calls for 1.40
Since $AMC broke out of the huge wedge on the 20th of Aug, it has been forming a rising wedge approaching the low 50s. However, you can see the 14-day RSI is approaching overbought territory and there is a divergence in the MACD. This is a time to take profit or stock up on more once it reaches 45USD (0.382 fib level)
One to watch for a 3 Step Scalp MACD trade is USDCHF. We traded it nicely last nice from the short side and as you can see it came in more overnight. With the horrible wage growth reported from the U.S. the dollar could be in for some trouble throughout today. Don't be afraid to take a long scalp if the conditions present themselves, just be aware that sellers...
EURCAD is attempting to setup for our 3 step scalp MACD trade. Strategy details are listed below: 3 Step Scalp MACD Bullish: 1) Look for a trend to develop to the upside in conjunction with a bullish MACD. 2) Wait for a close below the EMA in conjunction with a bullish MACD. 3) After a close back above the EMA in conjunction with a bullish MACD take a long...
We will be watching USDJPY for a 3 step scalp MACD trade this evening. Strategy details listed below: 3 Step Scalp MACD Bullish: 1) Look for a trend to develop to the upside in conjunction with a bullish MACD. 2) Wait for a close below the EMA in conjunction with a bullish MACD. 3) After a close back above the EMA in conjunction with a bullish MACD take a...
Keep your eyes on AUDUSD for a 3 step scalp MACD trade. Trade strategy listed below: 3 Step Scalp MACD Bullish: 1) Look for a trend to develop to the upside in conjunction with a bullish MACD. 2) Wait for a close below the EMA in conjunction with a bullish MACD. 3) After a close back above the EMA in conjunction with a bullish MACD take a long...
Watch GBPCHF the rest of this evening for a trade off the 1H chart. The trading rules are listed below. 3 Step Scalp MACD Bullish: 1) Look for a trend to develop to the upside in conjunction with a bullish MACD. 2) Wait for a close below the EMA in conjunction with a bullish MACD. 3) After a close back above the EMA in conjunction with a bullish MACD take a...
One to watch the rest of this evening is USDCHF for a trade based off the 1H chart. Below are the trading rules: 3 Step Scalp MACD Bullish: 1) Look for a trend to develop to the upside in conjunction with a bullish MACD. 2) Wait for a close below the EMA in conjunction with a bullish MACD. 3) After a close back above the EMA in conjunction with a bullish MACD...
This is my research into the behavior of different moving average calculations to different aspects of the MACD. The MACD consists of three parts: 1. The MACD (moving average convergence/divergence of the fast moving average period 12 versus the slower moving average period 26) 2. The signal line (moving average period 9) of the MACD 3. The histogram of the...
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD...
I am using the ATH points as reference to the 50 EMA ( Red) as we just recently posted a new ATH even though it was only a slight rise, the effect on the push has been significant on the MACD First thing to note is the different "distance" from ATH point to the 50 EMA below. This gives us an idea of the momntum of the Rise. The exponential moving average (EMA)...
Sometimes, its a good idea to look away from the PA and to take a look at the other info presented to us as people Buy and Sell #Bitcoin Two Major indicators for me are the MACD and the RSI. The image here is the DAILY #BTC chart for those, since December 2022 At a quick glance you can see that Both MACD and RSI have reset a long way. This gives PA room to...
On a macro level something very important is happening this week or next weeek: weekly MACD cross. Last bullish weekly MACD cross was on the week 12-19th November 2020. Price climbed from 11500 to 42000 in less than 2 months. 365% climb Last bearish weekly MACD cross was on th week 19 - 26th April 2021. Price droped from 56700 to 30000 in 1 month. 47% drop Next...