It's been a long journey since I started analyzing the stock market.
Now, with the tools I've created, it is much simpler to understand... Peaks, drops, support, resistance. It all can be measured!
Personally, I like making tools to simplify repetitive tasks...such as market analysis. 😅
Using the right tools gives you a completely new pair of eyes in the...
Its crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong.
Let's take a look at a few coins.
Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h...
We all know $20,000 is a big resistance level for BTC.
Looking at this 1H chart, there's decent support below it for now to keep pushing that level. If this bullish energy continues we might even see some new ATH before the year is over. And hey, maybe kids will be asking their parents for Bitcoin for Christmas!
I'll be watching this chart and these Raygun...
Link showing a bearish divergence signal on our new D+ v2.
This could mean
1) trend turns downwards
2) trend flattens
...either way, the bull trend might be over...for now.
Only time will tell to see what happens next.
FSLY's massive after-hours drop today was caught perfectly by our Raygun support/resistance script.
I think we'll bounce back up from here.
If not, these levels will be important as we helix around them fro seeing where we're going to go next.
I'm keeping my eye on this for a S/R flip...
Looks like a small bounce might be incoming for AUDUSD.
Pending Double Bottom pattern currently forming (Doubles script) at the 23.6% fib retracement level (Auto Fib script) of the most recent low.
I'd expect a small upwards pop at the very least.
Gold price action is starting to converge into a wedge/triangle (Wedges script). I'd be looking for a breakout to either the upside or the downside.
Previous sell signals (D+ script) have faded...turning into a plateau instead of a drop. (This happens often.)
No strong buy signal either, so we'll have to look for confirmation with another tool.
AAPL is currently at the 0.618 of a shorter move, and the 0.382 of a longer run.
Will these fib levels hold as support the retest and AAPL bounces? Or will we crash through?
Me...I'm hoping for a bounce :)
Finessing a new divergence indicator...let's see if it holds up.
June showed a sharp correction and the indi signaled a weak long signal. (The sell signals need filtering...)
Now we're seeing the same long signal after the most recent drop.
Indicator is signaling long...let's see what happens...