Please see annotated chart for details.
Stochastic providing the early entry. Stop is last low print - 2t 52.08. I happen to be 10m delayed and know from other platform that it went down about 13t from 52.35 to 52.22 during the delay.. still anywhere around here is the hourly swing up best entry if it's going to happen. If it doesn't.. it doesn't. If you like more confirmation, enter the DTI.
Price has made 3 legs up ( leg 1, leg 2 & leg 3 ). So is it time for a correction of the entire wave up before the bulls come dominating again? What is not clear is if that's the end leg 3. However, if price breaks the mini trendline and holds, that could be the beginning of the correction . On the contrary, if price decides to go up, I will try my best to...
I'm not a fan of Head and Shoulders patterns - inverted or otherwise - but many people will have noticed the formation in the FTSE100 and will be waiting for the break down. Whilst oversold stochastics could promote further right shoulder development, the eventual break will likely target 6400/50 as profit-taking pressure increases. Would Victor be a seller?
The idea for this is quite simple and no rocket science necessary to make decisions. This is to help you (hopefully) to anticipate instead of participate. The thick yellow line is the default Stochastic (14,3,3); the shades of blue are lower time frame lines while the shades of red are higher. When the 17 strands form a rope it's time for action, buy or sell. When...
Let's see how this one ends up, double divergence... thoughts?
Really nice channel with multiple bounces, looks like this one is going to bounce in the direction of the trend... waiting a little longer for confirmation from stochastic, looks good so far... thoughts?
Here's a nice little channel on the daily charts. If stochastic crosses back up, might look to go long, but really waiting for price to go back up and then fall back down in the direction of the trend... thoughts?
Stochastic confirms by crossing below 80, good RR for my plan, placing stop at previous swing low... thoughts?
Was watching this trendline the last few days, finally broke to the upside... thoughts?
Stochastic oversold, then price rallies to break through the top of the channel with ease, wonder how long this will last... thoughts?
Price is currently testing the top of a channel, stochastics confirms that the price might bounce and head lower... thoughts?
Nice channel formed, anticipating the bounce with confirmation of stochastic... thoughts?
Waiting for further confirmation, looking for a pullback and then go long. Sotchastics overbought, RSI crossing up through 50. Thoughts?
Using Heiken Ashi along with MACD & Stochastics, we can see a really good trendline flag pattern forming. Expecting it so see it break either way, looking for the bounce to go long, or the break to go short. What do you think?
Several ingredients are now ready to long gold, among which DXY already started its descent. We've been hammering this angle enough and it looks ripe to break now. The safest play would be to wait for the pop on the other side, and even safer to long the pullback.