Let's wait for the next move:
Reasons for staying neutral at this moment:
Upside: we may on the end of wave 4 and ready for wave 5 since we have a support trendline there
Downside: Double MACD and RSI bearish divergence on Daily chart.
so..either we wait for the uptrend yolo swag up...
or..wait for the downside breakout~~
*trade at your own risk
Everything written on the chart, set up a small amount of short at 6.72 for a short term trade, targeting somewhere around 6.62, stop loss at 6.755, great RR ratio.
Not a pair I traded most, but I just wanna give it a try.
*trade at your on risk, thanks
UJ has been falling for a while, but on the 4H chart, I see both MACD and RSI divergence on chart. By far the Risk Reward is good, I'd long at this moment with a small buy. The big picture looks UJ may fall further more, but i'd give a shot on this small bounce back. Targeting top wedge and even break thru.
Just randomly scrolling some stocks, and saw twitter here.
Technically, on weekly chart, it appears to me it had a breakout of the descending triangle and RSI has a wedge breakout as well, so far everything looks like a great buy opportunity on weekly chart.
But...twitter had multiple negative earning reports in a roll and that's somehow worries me a bit. Mr....
Just a quick opinion on GDXJ for now, its been running great along with the gold bull, on my chart, it breaks the previous RSI down trend and it still remains in a uptrending price channel. If you are not in miners right now, i'd suggest to hold on, and If you are in miners from a fairly low price, i'd suggest to profit out some unless the top wedge breaks and RSI...
Gold on 4H at this moment perfectly bounced from the supporting line and also the EMA 34, it's likely to revisit back 1200+ again, besides, on my chart, it has a tiny hidden bullish RSI Divergence as well. Besides, 4H UJ somehow bounced down on EMA 34 as well (what a coincidence, and i'll post chart below)
Switch back to daily, looks like gold is sitting on the...
Gold on 4H printing a bearish div on MACD, RSI and Stoch RSI, we had a great run from sub 1130 all the way to 1190 this morning. So far I'm staying neutral for gold, I'm expecting a retrace for a better bull run on gold. UJ is still fighting in range now, and it's still choosing direction, i'll post the chart below (personal feeling: i really want UJ to die)
This morning, gold bug were having a party, miners been flying high for almost the entire week.
While gold bulls are partying hard, let's pay attention on the resistant line.
On my chart, yellow arrow shows the price it'll hit. But, it's a point where: BB top+resistance line+0.5 Fib all meet.
Besides, earlier this year, 22.10ish is also the supporting price for...
Shouldn't be a hard trade for this one, I have 75% confidence on this short.
For mid-term traders, Citigroup looks like a great short opportunity. It follows the Fib Extension very well by now.
Various reasons for saying Short:
1. Weekly Chart shows the first Red candle after multiple weeks rally straight yolo swag up.
2. MACD topped, RSI oversold, Stoch RSI...
all words are written on my chart now, it may not formatted properly on your screen, just stretch it around so you can read it properly. I also put the 2015 rate hike as comparison trying to find some potential similarity on the coming rate hike.
At this moment, I'm leaning toward to the bull side till the end of the year, and I'll step in when UJ shows...
I was watching the price action of GDX throughout the entire November.
And on this chart i'm sharing with you guys, there are some yellow boxes/rectangular on the chart.
What I found out is that, for the most of the time in November, during the last hour or 30 mins trading session during NYSE... they are all going UP...or somehow had a swing up.......shown on...
Short term short, low risk entry here.
RSI divergence shows bear. BUT, due to the previous uptrend, this can form a potential Cup n Noodles pattern on 4H.
Trade at your own risk, and I'll enter small amount to GASX at today's low
Next 2-3 trading days will decide where GDX is heading next. Gold approached the really STRONG resistance area, which is 1200ish. I'm looking for more confirmation on gold right now, may be a double bottom.
GDX we can see a strong double cheeseburger RSI divergence on daily chart, same as Mcdonalds(aka MACD). If RSI is not approaching further down while the price...
LABU has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU or say long LABD soon.
1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back
2. hidden RSI bearish divergence
3. MFI is approaching over-bought area
The previous GDX idea i had is still 60% working except the election really boosted the gold price. But a huge pump n dump happened, and gold didn't break previous high.
So far on 4H looks like gdx is gonna heading up for the next couple days, but it didn't break previous high as well. Trump got elected but Yellen is still in charge until January, rate hike in...
Everything shows on chart, Inverted head n shoulders OR get rejected on the neckline? next week will be interesting.
I'm not in trade right now, but I'd set a small short position anywhere above 1300 and below 1308, and put a SL at 1310.
Reason why is 1306ish was a critical support for gold and now it got rejected couple times as resistance.
YRD is not a typical stock, more volatile than others with a small avg volume.
on 4H, all my indicators shows its going up, i bought a small amount at 26.7, will hold n sell it at NYSE opens.
*Trade with your own risk, thx in advance*
Sorry for the messy chart I have on GDX.
Here's my short term opinion on GDX:
we completed an AB=CD since the top of GDX(around Aug 11th--Oct 11th), and gold started to lose its steam and people expecting a rate hike on Dec. But after the drop, we are forming a huge bullish RSI divergence on 4H (see red lines). From the beginning of the next week I'm expecting...