Disclaimer : This is for training only. Not recommendation to buy.
Bullish divergance when price are increasing, but volume and RSI showing decreasing.
Maybe the head and shoulder pattern is performing.
QES has reacted at Fibonacci 2.618 on lower timeframe with a massive pullback, however remains Bullish as long as support level at S1 is still intact. Movement below 0.54 will violate the up trendline and Support level at S1 hence the price could drop lower to the next support levels.
Disclaimer: No trading strategy provided here. Our content is intended to be...
Handle is forming now, by seeing double Top doji two days before, so today the candle chosen to be red, indicating the starting of forming handle.
By monitoring the possible support, 0.605-0.615 probably is dip of the handle. Next, monitor the volumes from 1-3 days when candle with low volumes at support area. That is crucial which it will determine the next...
Breakout strategy will appear after swing entry
Must ensure all EMAs meet requirement in swing entry, diff line above zero line.
Disclaimer:
You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent...
First TP 0.66 has been reached after broke out cup-and-handle and rectangle channel.
Foresee next TP would be around 0.85.
Immediate S: 0.66, Blue up-trend-line
R: 0.735, 0.700
Sign of Strength in the chart:
1. Re-accumulation with Effort Bars
2. Green Pentagon high volume
3. Pullback with price moving with trendlines
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Short term traders can continue to ride on its continuous upward momentum movement on next trading day as confirmed by FIFT and ExpertSignal indicators. Banker chips at near 80%. Perfect rounding bottom breakout will happen soon if it manages to stay above 590 for coming weeks.
Support at 545 and another candle is needed to see if 590 will be new resistance turn...
Broke descending triangle upper line on 23th March.
Then went into rectangle channel which broke out/closed above 0.55 and as at 16th April it closed above 0.575 huge resistance line.
Next resistance foresee at 0.66 which is around all-time-high.
R1: 0.62
R2: 0.66
S1: 0.575
S2: 0.545
FAKEOUT or BREAKOUT ?
QES has been trading above its upward sloping 20 days MA which is a good sign. Just broke the resistance 0.56 reinforcing the bullishness in the price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past the technical resistance level. However, there was a...
From weekly chart, a very small cup is forming, volume for this week also seen higher than last week's. Forming the cup edge need to be around 0.590 to form the handle.
From daily chart, curve not really significant seen, but it has broke through Flat bottom last month. Theoretically, correction is done. So, let see how far it can go.
We are optimist for further movement to the upside towards 0.930. Support is seen a 0.51 and 0.49.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
QES seem developed another round of VCP. I has shared earlier on its VCP setup back in December. Can refer back link below:
This round VCP has undergo 3 contraction below:
C1: ~28%
C2: ~11%
C3: ~5%
Volume is dry. Awaiting demand to come in and push the price up. Let's see.
Disclaimer:
The content provided is my personal experience sharing through technical and...
