- Strong rejection at support (previous resistance 1.05722) - Bullish confluence among indicators and moving averages - Following the current uptrend - Flag pattern forming which as touched support - price has broke this structure
we have resistance above this could drop a lot more before making a come back
The vix has a large positive divergence on the macd daily It is at weekly price support It is at the 400 period moving average It has strong trendline support going back from 2017 at 17
In the graph I have drawn and described the lines describing price and volume trends and their relationship to understand what's going on. First thing I noticed the peak of volume happens in the mid of the leg down, and went to 0 meaning sell pressure gone and after that a correction to 1300 happened. Right now the price is consolidating at 1250, but by the...
I have been talking about this for a while. Mentioned it in a few videos and other charts I've posted. I really thought someone else by now would have posted something better and more detailed and i was going to say "yeah that's what I've been saying" since that never happened, I'll try a little bit harder to get my WARNING out. Just look at what played out and...
M15, M30, and H1 are oversold There are double bottoms with divergence This trade is with the trend There is no pattern 50 pip stop loss
daytrading setup. you can do it too you folks can learn day trading too. just need to learn charting and practise.
Let's take a quick look at the SP:500 and see what's going on. As stated in the video we have several scenarios going on here due to the fact that there's so much volatility as well as back-to-back major news to be expected all 3 days to end out this week. There will surely be movement in the markets on a scale worthy of trading. However, there's never any way...
October seasonal cycle November rally October seasonal cycle November rally October seasonal cycle November rally Let’s go let’s go let’s go
Double bottom End October into November Double bottom End October into November Double bottom End October into November Let’s go let’s go let’s go
Let's take a look at Zoom since its IPO in 2019. I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc. I think that these current levels are becoming quite attractive even for swing trades over...
Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr. Making this price range all that more significant. I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long...
Hi Guys, I just wanted to talk about a trade a I took today on GU which was a big 4.5 R2R Ratio! I've kind of switched up my trading strategy, as my old strategy wasn't really working as consistently as I would have liked it to. I use to trade of psychological levels and I use to be really strict with it which held back my trading quite a lot. I use to mark up...
Evening guys, I'm going to breakdown NAS100 in its purest form. I'm fairly new to trading NAS100 but from looking back over the years, this is one of the smoothest moving indices you can trade. You can clearly see price respects these clear supply / demand zones. LOL I'm trying to type fast because NAS is playing out so quickly despite being in the late...
Hello Trader, here is my analysis for the QQQ. This week is a big week with the FED meeting on Wednesday. Pay close attention to price action leading up to that event. - If price comes into a key level the prior day, there is the potential for another large sell-off if institutions don't like what they hear. - It's also possible that we don't see much action...
C98 has been sitting on long term support levels since the major crash in May-June which affected the entire crypto market. While it did not show any sign of reversal, a recent tweet from its founder, Thanh Lee, suggests that in 4 days a major announcement will be released signalling the potential of directional changes in the price trajectory for the token. I am...
SBIN broke a strong resistance and ready to give a nice up move. You can Set your own targets according to your Risk Management.
Sharing my TSLA chart for anyone that might be interested. It looks like TSLA is going to tuck into that $243 spot before hitting the next line of trend support. This will allow it close the gap created and allow TSLA to experience a decent runup before a rejection from the overall bearish trend line or R3. NOTE: R1 does include the weaker bearish trend lines,...