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EUR/USD Long Setup - Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment. - Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450. - Clear rejection of the weekly support level on the D1 with a long legged doji, almost a dragonfly, which we saw yesterday on the daily closure. - Targeting just above the 1.1600 level to my H4 resistance level with around 115 pips to be gained with a 70 pips stop loss.
Long
by Shivam_93
1
Microsoft Corporation (MSFT) Tends To Drop Post-EarningsMicrosoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline over the next few weeks. We have laid out a study of historical movements for the stock in this article. Will history repeat itself again causing a 5% plus drop? When we look at technical indicators, the relative strength index (RSI) is at 78.4752. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The RSI is currently overbought. This milestone has occurred 112 times and its significance is discussed below. The positive vortex indicator (VI) is at 1.3159 and the negative is 0.6303. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative are at somewhat extreme levels away from their central point of 1. Their current retreat back to 1 typically flags the end of the upward movement while signaling a drop for the stock. The stochastic oscillator K value is 94.8017 and D value is 81.1292. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory. The D value is still well below the K value and it could be a few more days before the D is greater than the K. When this crossover occurs, the stock could be ready to drop. SPECIFIC ANALYSIS Only one other time since 2000 was the RSI and positive VI at or above today's level at the same time the stochastic oscillator was overbought with the earnings call three days away. The stock dropped 5.21% over the following 14 trading days on that occasion. The stock has dropped 12 of the last 17 times from its close price three days prior to the earnings call. Of these 12 occasions, the minimum drop is 0.67%, median drop is 4.40%, and maximum decline is 14.97%. On four occasions since the start of the Dot Com Bubble Burst has the RSI and positive VI been at the same level while the stochastic oscillator was overbought. The minimum days to hit a bottom was 14 and the minimum stock loss was 4.62%. The median stock decline was 5.81% and maximum was 16.54%. On 12 occasions the RSI and positive VI have been near their same levels are higher while the stochastics oscillator was overbought. The stock has dropped a minimum of 3.03% and median of 5.79% throughout these instances. The RSI has closed at or above its current level 112 times since 1986. Over the next 30 trading days from this point, the stock does not always drop, the median decline is 6.86% and average loss is 8.68%. Finally, the stock has been in a discernable trend channel since April 2016. The stock hit the top of this channel on Friday which it has done five other times since it began. The quickest drop from the top has occurred in three days and the slowest bottom occurred in 20 days. The minimum drop from the top of the channel is 3.23%, median is 4.79%, and max is 5.79%. Between all of the aforementioned historics, we are confident the stock could drop at least 3.5% over the following 35 trading days. The significant drop should take shape after earnings are announced around October 26. Remember, even positive earnings have resulted in declines.
NASDAQ:MSFTShort
by StockSignaler
EURUSD potential upside move EURUSD is setting its self up in the same way US30 is, they’ve both seen consolidation after a sell off. Technical : EURUSD is having its 3 EMA cross over its 10 EMA to the upside while at the same time the Stochastic is crossing the 50-80% mark to the upside as well. Price action has also tested the Top trendline, possibly setting up for a break out. Waiting for candle closes is going to be KEY to confirm a crossover on the stochastic and EMAs
Long
by Iateyourcroissant
US30 Pushing UpUS30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks. Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous touches, possibly setting up for a break out. It is KEY to wait for the candle to close when getting a cross over of the EMAs and Stochastic because its always possible that it just bounces instead of completing the cross over.
EIGHTCAP:US30Long
by Iateyourcroissant
BA 190/170 May put vertical spreadTrade thesis - technical breakout (bearish) - downward break out of 3 months consolidation zone - weekly stochastic showing more room to downside - entry trigger: retest of demand zone and failure to hold above (wicked into the zone and closed below on daily) Position - strategy: put vertical - structure: long 05/19 190p short 05/19 170p - cost: $450 - delta: -19.68 - theta: -2.311 - gamma: 0.54 - vega: 10.15 Targets - 1st target: $190.50 zone (previous gap fill) - 2nd target: $173-169 zone HVN from post covid to present confluence of .5 retracement level from previous low to recent high - SL target technical: weekly close back into consolidation zone discretionary: price action at key price levels discretionary: price action when stochastic enters oversold level (below 20)
NYSE:BAShort
by EqEx
Is the SPY carving out a bottom? A Bollinger and MA study. In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video. TLDR: The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this. Pull up the weekly SPY, add the Bollinger Band - go to settings: change the period to 50 and the stnddv to 3, add ATR, add Stochastic, add the 50 SMA - these will paint a picture of the extremes Study the corrections vs the crashes, 00', 08', 18', 20', 22' - ask yourself: is this a correction or a crash? Consider the extremes and consider the history of corrections/crashes and how they uses these extremes. I have heard this argument A LOT last week: " The NASDAQ and IWM are already at -30%.....if the SPY is to go lower that means the NASDAQ may go to -45% and THIS is not possible." ---> I beg to differ, but recognize the importance of the Bollinger bounce. Look at the dot com bubble and the housing market crash, extremes can be used as a trend line for extended periods. Remember, nothing goes straight down or up, there is always trending days/periods and range days/periods. It is best to be able to quickly identify which type of day/period you are trading in in order to ultimately use your indicators correctly. Although I remain in the bear camp, I am absolutely open to the idea of a huge massive bounce here before the 200 SMA is tested. This bounce may come with a test of the 50 SMA in the 440's - where is goes from there I am not yet ready to speculate on. Since though I am remaining bearish, I do see a higher probability of the 200 SMA being tested before the real rally to the 50 begins. Either way, I do expect a rally in the near term, news and catalysts aside. Please watch the video for a more detailed look, and please chart this out yourself to draw your own conclusions.....as these are ONLY my opinions and NOT financial advise.
AMEX:SPY
by OccamsPhazer
1
GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of ​​151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of ​​the price range.
Long
by ivanderyoshua
The defining momentGBPUSD has pulled back quite a chunk after hitting the monthly trendline and right now we are sitting on the 200 Day Moving average and also holding just above 0.382 Fibonacci retracement from an all-time low in march Next week will be an extremely important week for GBPUSD since the pair will either bounce back to levels above 1.28 or drop below the 200 Daily SMA and continue the rally. Starting from Wednesday GBPUSD has gone into a zone between 1.2690-1.2775 and there is a breakout attempt on Friday Europe opening but eventually got push back and all the way down to the low of the zone Despite the pullback of DXY leading all USD pairs having a week to pull back a little, stochastic divergence are coming in to show a sign of trend reversal But right before US market closing, there is a stochastic divergence showing up in H1 chart which indicated a trend reversal and leading the pair pulled back from the low of the zone to 1.275 and it is possible to be breaking the high of the zone and closing the day above 1.278 on Monday which will give a clear bullish signal as a break of market structure But if GBPUSD did continue the rally and falling below 0.382 level and trading below 200 Daily SMA, then the significant levels below 200 Daily SMA are 1.246 1.225 1.21 Please be aware that there is huge uncertainty over the United Kingdom as - it is getting closer and closer to the end of the transition period for Brexit - second wave of corona looming as cases spikes Thank you for reading, please leave a like if you like the idea, hope you have a good weekend!
by Esteiknarf
2
Previous High Eclipsed! 2nd Bounce in Stochastic Overbought ZoneRED ALERT! BTC has taken a second rip after the stochastic was headed back towards the overbought boundary line at 80%. I don't know what drives the market when we see this happening, but for whatever reason, there's a second push up here in the top of the stochastic. Notice how the first 5 candles on the 4-hour chart were centered around the Light Blue 1.618 magical fib circle boundary. And then all of the sudden, we see a rocket launch on the 6th candle giving us this humongous vertical pump to $9,398. And this happened with NO warning. Notice how the volume is still not that impressive, yet the upward movement seems to still be in-tact. There's no telling what can happen here. It's a 50/50 call. We could pump all the way to the Dark Green 2.618, or even the Light Blue 2.618 (less probable, but it can happen). Since this move is happening without the help of a surge in volume, there's no telling what can unfold, or how long it will sustain. We also have the possibility of falling right back down to the Light Blue 1.618 fib ring. We already know that this ring has gravitational price-pulling capability, so it's right in there as a scenario that can equally play out. We are playing in some seriously choppy waters, folks. I would advise that everyone be SUPER careful (if you're crazy enough to be trading in this market, that is). I think we are going to continue to see the MAJORITY of the prognosticators get it wrong on their price predictions. Watch out who you listen to, and take everything you hear with a grain of salt. Can't wait to see what this move plays out to be! Carlton Flowers The CryptoPro
COINBASE:BTCUSD
by carltonzone
forexTrdr EURJPY - SHORT THEN LONG ON DIVERGENCE BREAKOUT COMINGMorning traders, Looking at Euro versus Japanese Yen and stochastic divergence forming to suggest we are looking at a move lower withing the channel then a break out higher over the coming trading sessions. As per our trading view chart we have higher highs forming on stochastic with lower highs on pricing. When this occurs it tends to point to a breakout higher in pricing over medium term but with a pull back first. We are going to play the short down here within the range then look to get long to catch the breakout. We can play this with a tight stop loss should price break out earlier than the pattern would suggest and look to switch directions should that happen. Comments and feedback are always appreciated from anyone in the trading community Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
(LTC) Litecoin consolidation testing inside channelAlright everyone lets dive in and take a look at whats happening with COINBASE:LTCUSD today! Well....to be honest its actually not that much happening lol Litecoin does seem to have worked itself into bull flag, but seems to have slipped below a relatively strong inside channel formed long before all the LCC fork craziness sent litecoin's price every which way for a bit there. All the same there are some things to keep an eye on as the next few days unfold: We seem to currently be testing a minor support around $205 MACD is still bearish and looks to be heading for a crossover lower than the prior low STOCH & STOCH RSI have both crossed but have done so in a weak manner at best STOCH & STOCH RSI are both below 20 and likely to bounce off that level prior to any significant movement We've dropped below the 42 EMA (blue) But we're still above the 192 EMA (red) The 192 EMA is lining up almost perfectly with the cycle low support from back in november, indicating very strong support. Based on what we can see here I believe if we close below that inside channel the consolidation will likely continue between $212 and $205 until midday or later tomorrow at which point we may test re-entry of the inside channel. If COINBASE:LTCUSD does manage to break below $205 we could see things dip to around $197 but it will face strong support there from the cycle low and 192 EMA at which point we will likely have a stronger breakout towards the inside channel after a noticeably longer consolidation. Realistically I don't think we'll see too much exciting from litecoin for a day or more, but once we're back inside that channel a number to watch for breakout will likely be the $232-$235 range as it attempts to exit the ATH overhead resistance. *** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells. *** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator! This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical AND emerging patterns! Good luck and happy trading fellow cryptoheads! Austin Doyle CTO Crypto Playhouse
BITFINEX:LTCUSDLong
by UnknownUnicorn1613901
4
Two Technical Bears Bite IWMOn April 12, 2017, the Russell 2000 ETF ( IWM ) 20 day moving average (DMA) crossed below its 100 DMA and the ETF also crossed below its 100 DMA. Both crosses have not occurred on the same day in the history of the fund. Historically the 20 DMA has crossed below the 100 DMA 26 times and the stock drops a minimum of 0.217%. It has a median loss of 3.957% and maximum loss of 32.818% over the next 15 trading days. Historically the fund has crossed below the 100 DMA 91 times and does not always continue to drop. It has a median loss of 3.993% and a maximum loss of 34.336% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 45.2759. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the fund is neutral but has been trending down. The true strength index (TSI) is currently -5.2391. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the fund is moving down. The positive vortex indicator (VI) is at 1.0416 while the negative is at 0.9511. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the fund is in a period of uncertainty. Although the positive is higher, both indicators have crossed four times in the past month. The stochastic oscillator K value is 49.6357 and D value is 50.9736. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value the price action is trending down. The current reading declares the fund is neutral and can go either direction. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. A strong resistance down trend has been taking shape since market highs on March 1. Based on historical movement compared to current levels and the current position, the fund could drop another 1.55% over the next 15 trading days.
AMEX:IWMShort
by StockSignaler
USDJPY Bounce off Support ZoneIf price falls to the support zone at 111.65, I will be looking to buy in this oversold market. If anyone trades with a Stochastic RSI or just a plain stochastic, they will see that selling when it reaches overbought and price is in a downtrend or ranging, is profitable. The same goes for buying when the stochastic is oversold and price is up trending or ranging. I will be looking for bull confluence with bearish exhaustion candles and possibly a bullish engulfing if it forms.
Long
by MtxTrader
2
Short AUD/JPYThe AUD/JPY daily chart displays consecutive lower highs and lower lows with a potential short setup to continue the visible falling trend (supported also by downward trendline). The current corrective phase seems to be running out of steam in initiation of a potential impulsive phase, with the production of a bearish reversal price bar: - ricocheting off a previous level at ~95.20; - rejecting the 50% retracement level which is contiguous to 95.20; - bouncing off and (most likely) closing below the 50 ema; and - bumping into the falling trend line encountering resistance. Convergence is observable on RSI and hidden divergence on Stochastic. Both Stochastic and RSI are in overbought territory and are ostensibly preparing for a reversal. Entry - below the low of today's bearish reversal bar close Stop loss - above the high of today's bearish reversal bar close Target - first profit taking zone at previous low/swing low (91.75), and possibly lower at 91.00 if swing low violated * Ignore the placement of the arrow indicating RSI convergence.
Short
by amanpaulbhogal
9
NZD/USD Exhausted And Going Down To Rest a Bit Or TwoNZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea). Bases :Bias, Channel, Stochastic RSI SHORT SETUP IF price reaches 0.86962 THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151 ____________________ Signls IF This Stochastic RSI crosses the 80 oversold zone it will be a bearish signal. ____________________________________ Specifications R:R (ratio) 1.45 Time about 2h-7h Thank you all for viewing if you like my stuff and want more you can look at it follow me and like my ideas. And as always wish you to strike it lucky.
Short
by Wizard
2
Have I missed the boat now? Most definitely not! Come aboard.Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic. When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends. From this level of stochastic in the previous trend, we had a 2126% increase and then a 1051% increase. Please understand that for the price to go to the following levels from current ($547) prices takes: $2,000 - 265% $3,000 - 448% $5,000 - 814% $8,000 - 1362% You can understand that I am still very bullish at this point. As additional confirmation, I present the MACD charts which shows us two things: 1. Within the next fortnight, we can expect the uptrend confirmation (blue bars appearing). Look where the last one occurred! 2. The uptick on the white MACD line show a likely bullish crossover above the signal line again within a fortnight. Look where the last one occurred! Please do your own research before committing to any trade and base your decision upon your own finding, not mine!
BITSTAMP:BTCUSDLong
by MarkZ
1
Is gold rally underway based on RSI and Stochastics?plAs you may be aware, the gold market has been experiencing some fluctuations recently, leaving many traders wondering about the next move. However, I wanted to draw your attention to some indicators that suggest a potential rally shortly. Firstly, the Stochastic oscillator, a widely followed momentum indicator, shows signs of recovery. After a period of decline, it is starting to climb back up, indicating a possible shift in market sentiment towards gold. This upward movement could be an early signal of an impending rally. In addition to the Stochastic, the Relative Strength Index (RSI) is also worth noting. The RSI, often used to determine overbought or oversold conditions, is rising for gold. This upward movement suggests that the buying pressure may increase, potentially leading to a positive price movement. Considering these indicators, it might be an opportune time to consider gold orders. While market movements can never be predicted with absolute certainty, the recovering Stochastic and rising RSI provide a compelling case for a potential rally in the gold market. Therefore, I encourage you to take a moment to evaluate your trading strategy and consider the potential benefits of adding gold orders to your portfolio. By closely monitoring these indicators and staying informed about market developments, you can capitalize on any upward movement in gold prices. As always, conducting thorough research and analysis before making any trading decisions is essential. Keep an eye on the market trends, stay informed, and consult with your trusted advisors to ensure you make well-informed choices. Should you decide to explore gold orders further, do comment.
FX:XAUUSDLong
by bryandowningqln