Hey people, BANK OF NOVA SCOTIA is in a fake bearish movement with a bull tombstone and low buying volume traded. On TIMEFRAME M1 we see a panic which goes in the direction of its last precedent lower. To make a big propability reversal breakout the price zone then break the VWAP. And start at its high point, come back to make up for the losses before the strong...
On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle.
If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003.
On a 5 year chart attached to this all time log scale chart there's been a golden...
I've noticed yelp is co-integrated with BNS. So, this chart represents bns/yelps pair price .
I am initiating a position in YELP based on this .
There are things I don't like about yelp like its p/e but all in all its a good entry based on statistic arbitrage of the pair price .
PS: I put together this pair price but it will not update due to the way I did...
BNS has been tightly correlated with CAD since July 2014. Specifically, the relationship appears to be:
(daily % change in BNS) = 2x(daily % change in CADUSD)
CAD itself is correlated with oil.
I originally planned to buy CAD for an upcoming oil rally. But I ended up buying BNS instead. It pays a 5% dividend.