the Extreme Turn Buy signal comes in at a key support zone. CVX showed an impulse move from %83 to $95.50. The initial Ext Turn buy produced a nice winner and now we're back at the key level as the markets trade to new highs. Could pull in to till the $85-86 Gap then go. Looking for 4% move to High to High trendline then 13% to $100 on a 1 to 1 move from the...
I am not a indicator trader and I never use them in Forex or any other big market but to be honest for penny markets indicators work better than Elliot wave. I usually use basic Elliot concept + Indicators to trade penny. This one shows some good volume and also the price close above the T-Line( 8ema) and 50 day sma Keep it going as long you see a sell signal...
RSI & CCI Bullish divergence above t-line and 20ma look for support at the 20ma for a possible entry. around 2215
A bearish break down from the recent bullflag sent the price briefly plummeting and threatening to create a lower low by going under $8650 but the price was stopped just short of doing so at $8808 by the strong bounce support of the 1 week chart's tline(not shown but indicated here by the 100% fib extension). These 2 lines overlapping formed a double reinforced...
Short and simple update. After breaking up out of the most recent descending wedge on the 4 hr chart, and reaching the projected upward breakout target of that breakout we now have 9 closes above the t line and 3 closes above the 50MA Buy/Sell Line with 10 minutes left in a candle that also looks like it will close above both of those lines as well. Once it does...
Its been a very nice rebound thus far and as you can see on the 4 hour chart we now have 3 candle closes above the ever-important buy/sell line (50MA), renowned technical analyst Steve Primo has often said that once you have 5 closes above the buy sell line you are in a buyers market and 5 closes below puts you in a sellers market, so we only need 2 more closes...
We currently are finding strong support on the day T line(in yellow) however the 4hr charts current candle has only 10 minutes left and appears like it will close well below the recent bull flag...if so the probability of the next 4 hour candle also doing so thus confirming the breakout is pretty good. Once/If that happens we will most certainly fall under the...
On the rwecent 4 hour candle we can see thaat it has dipped down to test the T line a few times..even wicking below it once...whle for the most part the body of the candle is finding supprot right at the bottom green trendline of the current bull flag. The T line and the bottom trendline of the bull flag are close enough to eachother in proximity that they are...
With the 1 day candle closing on the trendline wall as a green long legged doji, we have a nice solid bullish 1day candle now it appears to be doing the same thing the past few 1 day candles have been doing though which is having their daily high hit the Tline(in yellow) and then bounce back down off of it. Today has been no exception you can see it has bounced...
If you take a look at this zoomed in picture i65.tinypic.com you will see that today's candle has been repeatedly bouncing up off of the 200 day simple moving average (purple) using it as a support line and also the T line(yellow) seems to be retaining its role from yesterday as the resistance line. Hopefulyl one of these bounces off of the 200SMA will give it...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS