This chart is shareable.
Possible Bullish buy zone here. Average in over the next few days = best option
Always set stop loss.
This chart shows the Directional Movement Index indicator
the Vortex Indicator
the Detrended Price Oscillator
and the Stoch indicator
All in fast lookback format on the weekly chart
Hope this helps!
The detrended price oscillator is excellent for seeking out where divergence is building.
The directional movement index is excellent for seeking out potential new trends at the very start
I'm bullish on this chart setup.
But the market can always go both ways.
Use the support trend line to set an alert. If crossunder then stop loss
Or you can set a stop loss...
The Directional Movement Index is showing Bullish sentiment on the DMI indicator and the EMA @ 55 fib.
If the Bears crossover the EMA then close long position.
Gives you excellent entry point with minimal stop loss.
BTC took a major blow last night. Lots of liquidation
Bulls need to regroup at new support level.
Possible new symmetric wedge formation to form out of all the chaos.
Use support trend line for stop loss.
On the 1H chart, BTC is showing overbought on the Wave Trend Oscillator created by LazyBear
The Directional Movement Index is showing Bears in control.
I'm not shorting here. I'm just waiting for better long entry point.
USOIL is currently in a bear pennant pattern. Will it continue this bearish trend? This is an excellent short entry point because you can create a tight stop loss.
See chart for target and risk/reward ratio!
Use trend lines to set alerts. If the bulls breach the resistance trend line, then close your short position