Idea is to go long the Russel 2000 on further strength. Resistance has been tested multiple times with a consolidation (bullflag) near the upper range boundary. 4hr candle close has to be above recent high to enter longs.
The key to trade this kind of setup is the Buy Stop on a breakout. Without the breakout or breakout on the wrong side --> THE ENTRY IS NOT CONFIRMED.
You can choose too buy the breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout --> then buy. This is a much safer method but sometimes there is simply no pullback after the...
The key to trade this kind of setup is the Buy Stop on a breakout. Without breakout or breakout on the wrong side
--> THE ENTRY IS NOT CONFIRMED.
You can choose to buy breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout point then buy. This is much safer method but sometimes there’s simply no pullback after the breakout....
Trade the breakout (long) of the range
-Candle (4h) must close above ma20
-Only trade if breakout above the range is confirmed
The EUR/USD crossrate has a remarkable seasonal tendency to establish an annual low or high in the month of January (76%; 1971-2016).
Avrg, gain in the up years fromJanuary lows 20.5%
Avrg. decline in the down years from the January...
Short term Setup due to high Optix reading (GDXJ) and entering a resistance zone
Optix is above 80: Over the past four months, readings above 60 have led to almost immediate selling pressure. As always, if the stocks can continue to rally (GDXJ) in the face of short-term excessive optimism, then it suggests heavy demand and that usually means higher medium-term...
Here might be an interesting short setup for the next couple of days before the Santa Claus Rally starts.
- roc5 = 6.12 which led to choppiness and/or sideways movement in the past; combined with a high rsi > 80 and a high ma20 to price distance (lower panel macd 1,20)
- the small measured move target was reached approximately
- oPeX next week suggest a...
Here might be an interesting short term setup for the Russel2000.
Lets check the Facts:
Rsi(5) >96; first time since November 1998. The sample size of the occurences is pretty small. Februar 1991 and May 1997 the index kept going unabated, other occurences showed drops >2%
Distance between ma20 and price is at an historical high (see macd1,20 pannel). As you can...
As volatility is really low we may get a downmove during the next week (28th-2nd of November). When you look at similar occasion during the past 3 years (ATR% Pannel/Green Line), we had a declining market in 6/7 times.
You can also look at the vix:vxv ratio for the US market which is at 0,8 at the moment. At this level gains are usually given back or we have a...