J of KDJ is showing short term oversold conditions - look for quick bounce opportunities. KD of KDJ oversold but not at new lows same w/ RSI. MACD long term convergence - look for potential breakout with increase in volume and volatility. 100ema should hold as support or else more bearish than bullish. Would add a small position with stop loss around 1125.00....
We can see 21ema as strong support and resistance on the monthly candle chart. The KD and RSI on KDJ & RSI indicator is not yet at their relative lowest, however, J on KDJ is meeting new lows, which can mean a short term bullish bounce or maybe the start of a slow bullish uptrend. Macd is showing almost maximum convergence, which means we may naturally see some...
Nice run! Finally! With bull volume! But we are getting overbought on the short time frame and therefore need to see a steady pull back in price with low bear volume before another leg up. Wick on Daily bar insinuates a pivot point in current trend. J on KDJ (yellow) shows short term overbought. 100ema smacking bitcoin as price resistance with 200ema right...
Let's start with the weak buy volume during the most recent move up from 182 to 191. Inverted red hammer on daily with decent bear volume grinding the top of BB. KDJ indicator show weak rsi overbought conditions. Macd showing little volatility. Volume is drying up. I suspect a breakout soon and more likely down than up. Watch out for fake out with no bull volume.
Hey, so looks like EURUSD has been overextended on 15min rsi + macd. Pennant forming what seems to be a rising wedge. Volume is dropping off. Waiting for a volume spike. Macd has extended convergence = higher probability of volatile breakout. Green dotted lines are higher high/ higher low support & resistance levels. Arrows represent long and short limit...
Pennant pattern forming with macd divergence at it's lowest = breakout incoming. White shaded zones are long and short entries. More bearish than bullish on the long term. Look out for a fake break out, big wick candle, and then strong reversal before 2019. Green dotted lines represent support and resistance prices.
Short term bear trend coming into action. 1h shows a 1-2-3-4-5 wave possibly in play with another leg down creating the 4-5. Big lower wick on the 4h and daily. Green dotted lines are support and resistance levels. Green arrows represent long positions. Red arrows represent short positions. Green boxes represent take profit regions based on ema and...
White dotted lines represent short term support and resistance levels based on the tightening equilibrium pennant pattern. Note the bullish divergence on rsi. green arrow = long / red arrow = short. Green and red shaded area = sell zone via dca based on fib retracement 1.618 (of course ema may act as support so sell if you see strong support on ema if shorting)
Looks like this one may be bottoming out from retracement. Looking for a higher low to form and then a higher high break through both dotted lines. Green arrow represents long positions. green box represents sell region based on 1.618 fib as well as the prediction of this to form a LARGER long term tightening pennant possibly reversing near green zone. SL is at...
Potential handle forming in the shape of a consolidation equilibrium tightening pattern. Green dotted lines represent support and resistance levels. Green arrows represent long positions ; red arrows represent short position. Green box represent profit taking area based on 1.618 fib ; red box represents profit taking area based on support zones. Rsi can go above...
1-2-3-4-5 impulse wave showing potential 5th leg coming down. Cup and handle in yellow seen may break bullish for quick short profits. Arrows represent LONG and SHORT positions. Shaded region represent profit taking levels based on 1.618 fib and strong support levels. Dotted lines represent support and resistance levels to use as stop loss (0.05% from initial position).
Arrows represent levels to long or short. Shaded region represent levels to take profit. Macd shows very little divergence = low volatility = breakout imminent. SL set behind approximately 0.05% from initial long/short position.
USDCHF on the daily candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below the nearest dotted lines....
on the weekly, candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below that line. Green arrow = Long...
