Text book Pullback to Cross, let's see how this idea develop.
The DJI did not close below the 200 SMA on a daily timeframe since June 27th, 2016. This is a major signal, which could be one of the reasons Trump decided to ease the tensions with China, at least for now. Potentially expecting the Fed to back off the rate hikes to lower the dollar or make some announcement stop the drop in indices. With all the tensions now, a...
Historically has broken out between the 20 and 50 SMMA, MACD also shows momentum building and historically has broken out with RSI around 50.
Day - Price at BB Dev 1 top band - Watch where day closes 4H - Price needs to breakout of the SMA's range 1H - Watch if 50 sma holds - Price may be retesting support - New fractal high made 15m - Wath if 50 EMA holds Watch red/green arrows indicating possible directional choices price can make 4H has possible target prices from breakout
Notes are on the chart.
Notice that the SMAs have reconciled to their normal uptrend position in the hourly charts. Watch for the SMA(20) to cross under the SMA(50) as a cue for a reversal to the downside. Look for continuation of the nascent uptrend if this pattern spreads to the 2-hour, 4-hour and daily charts.
Candle Pattern: Evening star Trend: down Trend Entry: wait TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: Currently on wave 5 Looking for a final wave 5 low or a retest of the last low Notes: Entry placed at 764 of last swing high,...
Simple Moving Average 20,50,100,200. Very easy to add new moving averages.
Candle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: 1 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: Currently on wave 5 Looking for the start of ABC correction to the downside Notes: Entry placed at the last swing...
Candle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .618 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R2 Elliot Wave: Currently on wave 5 Looking for new wave 5 low to be completed Notes: Evening star formed at the 764 level. Entry placed at...
My first post of hopefully more to come! Please note, I have no formal TA training and the lines are just a rough guide to get my main SMA crossover point across. Please also forgive me for my vague phrasing. A friend and I have been researching and testing a few different neural network models, LSTM and reinforcement. We are now getting deeper into the LSTM...
Candle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R2 Elliot Wave: Possibly Elliot wave 2 Looking for next swing high to fall short of previous swing high then make a move for wave 3 to the...
Opened overnight, already at 60 pip by morning Candle Pattern: Morning star Trend: up Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .50 Fib TP: 1+ Stochastic: over-sold MACD: bullish 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: on wave 5 Looking for final wave 5 high Notes: Morning star tail triggered my entry...
Candle Pattern: Morning star Trend: up Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: 0 Fib TP: 1 Stochastic: over-sold MACD: bullish 200SMA: above BB: n/a Pivot Point: Pivot Elliot Wave: End of wave 5 Looking for final wave 5 high Notes: Morning star forming at the 200SMA and last swing low stochastic showing...
Candle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .618 Fib TP: 1 Stochastic: over-bought MACD: bearish 200SMA: below BB: n/a Pivot Point: Pivot & R1 Elliot Wave: End of wave 5 Looking for final wave 5 low Notes: Evening star formed at 764 fib level, around the r1 pivot stochastic...
Candle Pattern: Morning star Trend: down Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1 Stochastic: over-sold MACD: bullish 200SMA: below BB: n/a Pivot Point: S1 Elliot Wave: End of wave 5 Looking for ABC correction to the upside Notes: morning star formed at 764 fib level, around the s1...
Candle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 3 to 1 Target TP PIPs: 60 SL PIPS: 20 Fib Entry: .618 Fib TP: 1 Stochastic: over-bought MACD: bearish 200SMA: below BB: n/a Pivot Point: Pivot && R1 Elliot Wave: Currently on wave 4 looking for wave 4 to make a completion closer to wave 1 high Notes: Evening star expected to form...
Candle Pattern: Morning star Trend: down Trend Entry: against TP/SL Ratio Target: 1 to 1 Target TP PIPs: 20 SL PIPS: 20 Fib Entry: .764 Fib TP: .5 Stochastic: over-sold MACD: bullish 200SMA: below BB: n/a Pivot Point: S1 Elliot Wave: possibly ABC completion Might be the start of a new motive wave to the upside. Currently completing wave 2, retesting the swing...