On the above 4-day chart price action has corrected over 90% since the sell signal back in March 2021. Now is an excellent long opportunity. The reasons? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence as printed over a 4 month period. 3) Support and resistance. Look left. 4) The target is defined from the falling wedge. Is it...
On the above 4-day chart price action has corrected over 90% since the sell signal (not shown). Now is a good long moment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Regular bullish divergence. Lots of it. 11 oscillators confirmed over 80 days. Awesome. Is it possible for price action to fall further? Sure. Is it probable?...
On the above 5-day chart price action has corrected over 90% since November 2021. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Price action backtests past resistance as support. 3) Point (2) occurs on the 0.236 Fibonacci level. 4) Price action is now on a year long support. 5) Point (4)...
This is not going to be popular, I know. However the moment emotion surpasses reason is the same time profits bleed. There is a number of reasons to be very bearish at this moment on ADA. Why? On the above 10-day chart: 1) Bearish divergence on ADA / USD has been in play for some months now following a ‘great sell’ signal on the above 10-day chart around $1.40....
On the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal. 2) Price action RSI resistance breakout. 3) Points 1 & 2 above is also true for the 2-day BTC pair (below). 4) Regular bullish divergence. (1-day chart below). 5) Wink wink nudge nudge - don’t know...
On the above 2-day chart price action has corrected a massive 50%. A number of reasons now exist to be bullish. 1) The ‘incredible buy’ signal prints. i.e. 95% probability of upside from here on. 2) That green line. The annual moving average without weekends. Regardless of the stock, anytime price action is way below here price action is a steal. 3) PE ratio:...
On the above 2-day chart price action has rallied 225% from the June lows. A number of reasons now exist to be short. They include: 1) Price action and RSI support breakouts. 2) Regular bearish divergence. 3) Past support confirms resistance. 4) The recent published ideas on tradingview.com. The herd are more bullish than a bull on steroids who has just...
On the above 5-day chart price action has corrected over 95% since May 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action backtests past resistance as support. 3) Support and resistance. Price action confirms support on past resistance. (Orange horizontal line) 4) 2-day...
On the above 6-day chart price action has corrected 97%. Now is an excellent long trade. Why? 1) Price action and RSI resistance breakouts. 2) Strong regular bullish divergence. 3) Past resistance confirmed as support. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: don’t know Return: don’t know
Short answer. Less inflation. At least for the remainder of 2023. This idea is a continuation of the Gold study recently published, which you can find below. Gold price action is a fantastic leading indicator for forecasting inflationary / deflationary periods. On the 3-month chart above Gold price action is shown on the upper chart and the lower half the...
On the above 6-day chart price action has corrected over 90% since the sell signal in April 2021 (not shown). Now is the time to be long. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Multiple oscillators print bullish divergence over 120 day period. 4) Point no. (3) occurs on past resistance. Is it possible for price action to fall...
On the above 5-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong regular bullish divergence. 4) Price action prints on past support & resistance, look left. Is it possible price action falls further? Sure. Is it...
On the above 3-day chart price action has corrected a massive 95% from $3.20 last April. A number of reasons now exist to be long, including: 1) A ‘incredible buy’ signal has printed. (1-day chart below) 2) RSI resistance breakout and support. 3) Regular bullish divergence. Multiple oscillators are printing bullish divergence. Look left (Green shapes). 4) The...
On the above 2-day chart price action has collapsed over 80% since the sell signal in July (not shown). A number of reasons now exist to be long, including: 1) A strong buy signal (not shown). 2) A higher low has printed (on both USD and BTC pairs). 3) The high prints on the Fibonacci 0.236 level. 4) Price action resistance breakout. Is it possible price...
*safe investment opportunity - low risk* Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame. A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong...
A lot of messages asking for my thoughts on Gold price action following the ‘Gold or Bitcoin - which is the better hedge for 2023’, idea below. There is obviously a lot of emotions. ‘Gold going to $5k!’, ‘You have no idea what you’re talking about!’. The usual, all bark no bite. Why so bearish on gold? 1) The notable 3-month bearish divergence continues to print...
On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including: 1) The ‘incredible sell’ signal. 2) 2-day Death cross 3) Broken market structure. 4) Double top bearish divergence (8-day chart below) 5) A significant majority of ideas on tradingivew are...
The Month of May is days away from closing. A ‘shooting star’ candle is printing. Price action must climb up and over 2020 to prevent this candle from printing. Should it close as is then price action will correct 20% to 1550, for starters. This is not the bull market gold dealers are advertising (remember they are pulling it out the ground for 800 an ounce). And...