A short update on the SPY chart,
After we reached my predicted 284 area, now we are ready to break the "yellow triangle" so-called rising wedge.
If we turn red, then we will head to the 0,236 fib level, which is a strong support level.
You can see after an Elliot 1-2-3-4-5 waves; an a-b-c pattern is forming on the 4hr chart. My predicted area now between 271...
What did you do, SPY? chart analysis
Let's see the Daily time-frame:
I used a Fib retracement to declare the possible levels, and the blue triangle resistance at the same level as the fib 0,23 is, If the price breaks it, then we are going to the lower levels Fib 0,382.
We are below the 200 EMA and the 50EMA.
We have a bearish divergence between price and volume...
Here is my update of the KRE chart.
I think we are heading back to the 32,67$ area and if we won't break the uptrend channel, from that point we will go up and will retest 37 and possibly 40 at the top of this daily support channel.
As you can see, we are still in the uptrend on the D chart. The RSI is on 46%, there is no volume fading, and the indicator shows...
Here is my new idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance.
the 1hr chart
On the RSI : 3 times tried to break the 57,27 level but seems like a strong resistance, and always went back to 54,10 ( strong support) level.
What signs show that we are in the uptrend:
- We have a Doji...
The shorter SMA crossed, the longer above (the 9th of April), that is a pretty bullish signal
50 EMA shows me that we are still in the uptrend ( D chart)
RSI on the daily chart shows me that we still have space to go up
You can see the important FIB levels 0,236 - 0,382
1) if we break the 0,236 resistance, we are heading up until 131$ area
2) if we can't...
So here is my SPCE chart analysis.
What I see on the daily chart, is that the price couldn't break the 50EMA line (FIB 0,382 area as well) and headed back to the 12$ area. we are in the uptrend now, and I predicted that because
1)The shorter SMA crossed, the longer above (the 3rd of April), that is a pretty bullish signal
2)You can see a breakout from the...
As you know I am learning the technical analysis and will be great if you give me some feedback. What do you think?
So the 50 EMA shows me that we are in the downtrend still on the daily chart, but if you change the timeframe, you can see we have two 4hrs candles that closed above 50EMA.
The RSI shows me RSI price divergence and Bullish swing rejection and I...
