AVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85. The longer TF black line is admittedly in overbought territory. The longterm growth expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH. I see...
Hi all, He is simple educational points for you, 1) The trend is your friend! 2) Always wait for a correction or pullback to join your friend (the trend) 3) Never risk more than 1% of your account per trade! - Risk management Good luck! :)
Because you are always trying to catch tops and bottoms.
As you all know, I regularly post pullback trade ideas as stocks pullback to their 21 day EMA. Today, I am looking at Starbucks NASDAQ:SBUX . What's different about this pullback is that Starbucks usually doesnt hang out at the 21 for more than a day or two. However, its been 4 days... so I wonder if the powers that be are on to us! ... just kidding. But in all...
Today SPX killed a lot of bears. It’s impressive, and I understand the bear’s point. With all the problems the world is facing right now, how could this bull trend persist? Well, I have no idea, all I know it is a bull trend and that’s what I’ve been warning you guys since I started to write my analyses here. First, I invite you to follow me to keep updated...
regardless of today's selloff, the overall trend on the daily chart is still UP! I will remain bullish and look to buy dips until we get a convincing close below 10,700 (the last higher low). Remember - the trend is your friend until it ends and it won't end without a daily close below 10,700!!!
12,000 initially rejected and VWAP is around 11,700 - so wait for it, wait for it..... and buy the dip! Always remember the trend is your friend (until it ends) and right now the trend is UP! Don't believe me - trust your daily chart.
If you look at my previous GBPUSD analysis, we can see that the market failed to break through the resistance and continued as a short downtrend. i have drawn new support and resistance zones so i can identify what direction the market could possibly move. If the market respects the Support line and closes higher than the previous low,that would indicate that the...
If amazon is in a Hyperwave... It will complete by bottoming to at least $150 before it can then continue past $2,050, the beginning of its next all time high. This timeline can last as long as 30 years... but maybe be way shorter... Hyperwave, an introduction to practicing profitable technical analysis: www.facebook.com #TheTrendIsYourFriend #Hyperwave
If SPX is in a Hyperwave... It will complete by bottoming to phase trendlines 3, 2, or 1 at $200. This timeline can last as long as 30 years... but maybe be way shorter... Hyperwave, an introduction to practicing profitable technical analysis: www.facebook.com #TheTrendIsYourFriend #Hyperwave
Hey guys! I'm definitely feeling a bit bullish on bitcoin today. Technicals are great, but I feel that too often TA on TradingView neglects the emotion of the market as an indicator. Lately, we've been hearing much about $5k, even from Tone Vays - who I respect. But, even the best of technical analysts, or the smartest of us, can fall prey to emotion - we're...
This analysis is based off of a 3 indicator strategy. All time frames below 1D meet the requirements of this Strategy indicating a pending Short. 1: Candle has broken bollinger band, 2: RSI is above 30 & 3: Stochastic is above 20/Red line is above blue line. This is a very popular and reliable indicator strategy.