On the daily DO has settled into a neutral price channel. The red line is the long term price support base for the stock. If the bottom has not already occurred, it will somewhere around this price. The blue line is the breakout trigger price. A breakout above that price would suggest the bottom is in for DO and a long term bullish breakout is underway. The...
Have we finished wave 5, or still on Wave 4? Not sure whether you can see the lines I drew, but I drew alternative counts. The darker blue line indicates we have finished wave 5, and have started an ABC. The ligher blue line indicates we are on a wave 4, and still have wave 5 to complete. The problem with the idea of being on a wave 4, is that wave 3 doesn't...
UNT daily has formed an H&S with the right shoulder high and low lower than the left shoulder. stoch rsi look looks down. obv leaning down. macd crossing down. with over 2 RRR it looks good. weekly macd crossed down. obv neutral. stoch rsi leading down. overall trend is down monthly MACD crossed down. obv looks neutral. stoch rsi leading down.over all trend...
This is the kind of stock that I like to find. A confirmed eve and eve double top. MACD has crossed downward. OBV has flatlined. I expect a throwback in the coming week or two. However the over all trend is down. There is a zone of resistance between $13-$15. I would look to take profits around there. If the stock pushes thru the zone I would re-enter with a...
I like AMAT. It has formed one of my favorite patterns: They bullflag. MACD looks good. OBV looks good. Trend looks good. Daily Daily looks good. trend is up. MACD is up. OBV is up. Weekly MACD is about to cross up. OBV is ok. Trend line is up.
I like this stock. It has formed a inverse H&S. OBV and MACD both look good. I think you could ride this one all the way into overhead resistance around $40. If it breaks thru resistance you it could skyrocket. If it does not break thru resistance, no worries you will have made you profit. Daily Notice the macd has formed a nice upwards channel and OBV has...
4h Coppock starts to be for more and more time in the + range, and also based on other basic indicators (short term RSI, DMI and OBV, see on the chart), I think, if LTC is able to break 250 in the upcoming hours/days and OBV remains cool, than LTC might be supeready for a good ride. I plan to buy in above ~250, stop sell ~220, and if OBV is good than exit 1/2...
I am looking to short NZDUSD this week based upon these following indicators: Price Firm rejection candlestick on the 27th followed by a weak bullish candle on Friday's close. Weaker volume as well. But it remains above the cloud. RSI RSI is in overbought territory and I'm looking for it to start moving down from this level. OBV (On Balance Volume) There...
ETHUSD pair on BTCe is showing a bearish momentum but there is a possibility of a major pullback once the OBV reaches the support line. Expect a trend reversal in the next few days. Analysis of indicators: MACD indicates negative momentum: Expect a price correction to 188. RSI : RSI is currently in the over purchased category --> Another indication...
Yesterday, 9/12, saw continued downward movement in Gold futures. While that was good for my short position (in at 1341.8), I was concerned because of the gap up at the close of day (#1). But here is why I stayed short and didn't close my position (reference the yellow circles on the Stoch RSI and OBV). 1. Stoch RSI is is an obvious downtrend. 2. OBV ...
BTC has been supported at 4300 multiple times but the larger downtrend is coming to closure and it will either finally break through the support at 4300 or it will bounce again and turn bullish through exhaustion of the bears. Currently OBV is down trending while CCI is riding close to 100, which doesn't signal a bullish conclusion. I expect that if CCI breaks...
HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken...
Position size maximum 20% equity. Leverage max 5x for this volatility. Current price 681USD, stop loss 705USD. Targets are 590, 565, 534, 511, 480. Liquidation of 15%, 20%, 30%, 25%, 10% at these positions respectively. EXIT: Futures premium reach -1%, close all short position. Fisher reach under 1st bar and is heading up, close all short position. OBV reach...
Almost near a Golden Cross. Treat each layer as potential long targets. Obey your rules.
MACD < 0. OBV < ema50(OBV) still and no local OBV bottom.
MACD marginally bullish and ema200 acting as resistance. Several layers of resistance on the way back up. At the beginning of a potential bullish trend, start small and scale in/out as necessary. Watch the layers of resistance as potential targets. Obey your rules
equivalent, the 1/1 trend line of a Gann Fan. OBV has not challenged its ema50(OBV) since April and no local OBV bottom formed yet. Obey your rules.
MACD is bearish and OBV < ema50(OBV). OBV has made a new local low but no indication of a local bottom yet. It still has more work to do on the Daily and lower time frames.