We can see some significant underperformance by RBLX as it makes it way to the bottom end of this triangle, as the market begins to favor reopening names like consumer services space evidenced somewhat by XLY's relative strength in the current market, will that mean RBLX will continue to underperform? We shall see. Good luck traders
XHB broke through an important 77.5 low volume node today and TPX has just been on fire. You might be asking how a mattress company and homebuilders are correlated well I'm playing it as a proxy and potentially one that could outperform the homebuilder index in general. You gotta have mattress for those homes :)
Thoughts and feelings to everyone impacted by COVID-19. A highly sensitive topic, thus keeping this if anything, for personal use and wanting to see what is being told in the media, be represented in a simple chart with some context and trend analysis. Ethically, i felt some may wish to track for reasons respectable to them, thus publishing a 'chart' but really...
The market broke through the last high but lots of bullish volume leaders in the stock market have yet to move up from their pullbacks. Large companies like Apple and Tesla took market cap but the smaller stocks that yield higher gains haven't moved. If you look at the RSI on this trend you can see that it hasn't gone up nearly what you'd expect it to for the...
Hey guys ,
The trend is bearish long term , and we look for short positions , as day traders or week traders we are also scalpers right?
so we wait the hourly confirmation , if we have a strong bullish candle at first hours of Monday we will aim for the main trend line the resistance trend line .
The main confirmation is the candle that we can see on the daily...
Bitcoin. Clock-Work 05:53 est
another 01:00 gmt low, another at 06:00gmt. And high at
10:00 - right on the upper parallel where longs who bought at
6am have closed out for 450 points - day's work done.
Now has to climb above the upper paralle and hold there on
retest once broken to turn back to bullish again from here.
Unlikely in very nearterm but it's...
Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090
The break stayed good overnight and the far East bought
into it too...not massively but still a good sign of returning
confidence world-wide as all the bad news begins to dry up.
This break out is so important and so far technically perfect
on Coinbase chart - and shows how, once...
EURUSD Stay Long within the Parallels - then Consider Reversing
EUR is trading up a similar channel to the one that DXY is
trading down. Can stay long EUR here until the lower rising
parallel (smallest on chart)supporting price is broken to
downside at which point some will look to reverse short back
to 1.2292 with stops above the same parallel once lost.
Looking at later price action we very lucky to pinch a 400 point win as the US woke up at 7am est. From there it was
all down hill. Due to FOMC meeting and all those lesser fiat currencies that flip around on a dime on such days Bitcoin
got left as a buy above 16100 and a sell at 16447, looking to buy again at 16000 'or as near as possible'. In...
Ethereum/Bitcoin ETHBTC Toxic
Who is buying this? Why? It's still in a massive down-trend that
shows no sign of waning soon. It's a short every time it
touches the falling trend line from the high and will only ever
become a buy if and when that downtrend is broken.
As it stands now, it looks like it should fall further back to
0.0361 and then try to bounce...
I don't see any movement of ETHUSD today
it will bounce up and down in the trend channel today
I did not expect more move just then that
STAY neutral today for ETHUSD
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Alphabet: no reason to exit longs but suggest raising stop to 919. All trends remain positive but short term trend will reverse if Alphabet trades below 919 and trigger a near-term shorting opportunity back to 901. Nasdaq and S and P would also become near-term shorts if we see any such price action this coming week.