The AMEX:SPY Momentum Algorithm Indicator for TradingView: Today's 30-minute chart indicates buying on green and selling on red, with small dots representing support levels. Depending on your trading style, you can use these levels for stops or wait for the algorithm to generate the next signal.
AMEX:SPY Our proprietary Momentum Indicator is tailored for the S&P500, and our Dynamic Support small dots have been an area to watch. If it closes below, it may signal the end of the uptrend that started on November 3, 2023.
If this pattern fails, best moves come from failed moves. The technical analysis for AMEX:IWM (Russell 2000 ETF) on the weekly chart indicates the formation of a bear flag pattern. In technical analysis, a bear flag pattern typically appears as a downward-sloping channel or rectangle on a price chart. It forms after a significant downward price movement,...
NASDAQ:TSLA Double Bottom Day Trade The technical analysis reveals the presence of a double bottom pattern in the market. This pattern suggests a potential trend reversal, indicating that after a downtrend, the security or asset has reached a low price twice with a moderate increase in price in between. Traders often consider the double bottom as a bullish...
NYSE:JPM Bear Flag at All Time High. A bear flag is a technical analysis pattern that typically occurs after a significant downward price movement. It is identified by a rectangular-shaped consolidation, resembling a flag, that slopes against the prevailing trend. The flagpole represents the initial sharp decline, followed by a period of consolidation forming the...
TVC:DXY (U.S. Dollar) Up, AMEX:SPY (S&P 500) Down: This relationship seems to be on track again. The parallel uptrend continues for the DXY, with the DXY making a bullish move today. A break above 103.57 and a close here with bullish consolidation may indicate bearish sentiment for stocks.
AMEX:SPY Bull Flag on the 30-Minute Chart: Wait for a breakout to go long. If this bull flag fails, the best moves often come from failed moves. The entire upward move since January 17, 2024, may experience a retracement
NYSE:BABA Alibaba Parallel Down Trend continues, below the 50 day moving average. BABA needs to consolidate and break the down trend before it is safe to inter a long position.
AMEX:FXI , China Large Cap ETF, shows a Double Bottom pattern. Wait for a breakout of the parallel downtrend or a stop below the double bottom. CHINA IS PLANNING A STOCK MARKET RESCUE PACKAGE BACKED BY $278 BILLION DOLLARS.
Double Bottom Oversold Stoch RSI. The technical analysis indicates a Double Bottom pattern along with an Oversold condition in the Stochastic RSI. This combination suggests a potential reversal or a bullish momentum in the market. The Double Bottom pattern is characterized by two consecutive troughs at approximately the same price level, indicating a possible...
NASDAQ:MARA (Marathon Digital) is holding the double bottom support. Mara needs to close above the green line, and bullish consolidation is required. Stochastic RSI is oversold, and the parallel downtrend needs to be broken. The stop-out point is on a close below the grey line
NASDAQ:INTC (Intel) is undergoing a bearish-to-bullish reversal, marked by an oversold Stochastic RSI. It is currently positioned above the 50-day moving average. Our dynamic support level will serve as a stop-out point in case of a weekly close below it.
NASDAQ:COIN (Coinbase) has tested a double bottom at the blue line within a parallel downtrend. Below the 50 day moving average. The Stochastic Relative Strength Index (Stoch RSI) indicates oversold conditions. Currently, we are awaiting an algorithmic buy alert and a breakout from the parallel downtrend before considering entry into a long position
In technical analysis, a bear flag is a continuation pattern that can signal a potential downtrend continuation in the price of an asset. It consists of two main components: 1. **Flagpole:** The pattern begins with a sharp and steep downward price movement, known as the flagpole. This represents a significant and rapid decline in the asset's price. 2. **Flag:**...
NYSE:DIS Disney Weekly Chart Bull Flag, above 50 week moving average. Bearish to bullish reversal.
NASDAQ:PYPL PayPal Below 50 Week Moving Average and needs to close above for at least week before a new uptrend can begin. We can see PayPal form a bottom.
BITSTAMP:BTCUSD Bear Flag Continues, A bear flag is a technical analysis pattern that can signal a potential continuation of a downtrend in the price of an asset, in this case, Bitcoin (BTC) against the US Dollar (USD). The pattern is characterized by two parallel trendlines – the first being a downward-sloping trendline (flagpole) representing the initial price...
FX:EURUSD Parallel Uptrend Break, this is going to be positive for the dollar and negative for U.S. stocks. Notice how the EURUSD bottomed exactly when the U.S. stocks did.