Using these indicators can help analyse when the best period/time frame is to buy as well as when the best time to sell is. (Disclaimer: This has not been tested to the extent where it should be completely trusted while trading)
ENTRY: 3.29
SL: 3.89
TP1: 2.60
TP2: 1.90
- ADX>25
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 7 Jun 2022 and moved down followed by a pullback to near support-turn-resistance area (4.09) before moving down again.
- Entry based on today >3% rebound off 10EMA with volume .
Bearish Trend Confirmation Indications:
1. The trend has got weak on the weekly and Monthly with Bearish Engulfing Candles and High Volume
2. The price has formed a lower Highs and a lower Lows on the Daily which is confirmation of a bearish trend
3. The down move was a powerful and impulsive wave
I expect price to retrace on the upside, and I expect price to...
Another Aussie dot com retailer with a share price going through the roof. Up 200% over the last few months, it is still a sub $10 stock so psychologically at least could still have quite a bit of upside. Might be a bit expensive at the moment, but certainly worth a watch. Temple & Webster is Australia's Number 1 online retailer of furniture and home wares that...
ENTRY: Intraday buy because I can see that the price is already breaking in and out the ATH. My bias is that it will close above the ATH and it deed. The buy candle is the highest candle in the box or consolidation.
TP: Resistances - Box breakdown, RSI, MA breakdown
SL: ATH breakdown.
BAD: No momentum even though it is already ATH and forming HH so far....
