On the above daily chart price action has corrected 95% since last August. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal prints. 2) Regular bullish divergence. 10 oscillators are currently printing bullish divergence over a 30 day period. 3) Price action and RSI resistance breakout. Look left! 4) Everything that was said...
On the above 4-day chart price action has corrected over 90% since the sell signal in March 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and oscillators. 10 oscillators print bullish divergence with price action....
The above weekly chart has been printing rising wedge patterns since early 2021 resulting in lower high and after lower high. Is this trend about to change? Maybe but not yet.. On the above weekly chart: 1) Price action breaks out of a rising wedge as it has done three times before. 2) Price action prints a weekly gravestone DOJI candle. 3) RSI support has...
** trade idea not an investment at this time ** The 4-day chart above shows price action correction well over 40% since last September. No this is not a Crypto. This is an investment firm operating since 1985 specialising in the investment of small Japanese companies. Despite the correction a number of reasons now exist why you should be buying this dip with...
On the above 1-day chart price action has corrected almost 90% from $90 since May 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal has printed. 2) RSI resistance breakout. 3) Points 1 and 2 are also true for the BTC pair (below). 4) On the 3-day line chart (below) price action is now testing a significant support and...
Popular YouTube channels, financial media, everyone is talking about the great big crash of 2023 to come. Everyone is probably wrong. Why? The chart stupid. The recent breakout of resistance is seen by many as a bull trap. Maybe. I see a backtest of past resistance and price action landing on the golden ratio. There’s something else, however. The Life cross. A...
On the above 4-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
On the above 1-day chart price ation has corrected a whopping 86% since early November. Now is an excellent time to be bullish. Why? 1) Multiple buy signals on multiple time frames. 2) Regular bullish divergence. The 2-day chart below on Heikin Ashi candles prints the divergence and signal very clearly. 3) RSI and MFI resistance breaks out. Fantastic. Is it...
Everyone is so focused on what Bitcoin is not doing that there’s a real risk the best opportunities are passing us by. Those opportunities are found in the alt tokens following massive sell offs. We find them by studying the BTC pairs. Those studies are assisted by focusing on time frames greater than the daily chart during times of such uncertainty. On the above...
Some funs facts. (Bears, you’re not going to like this). A new bull market began when.. 1) Price action has entered the Gaussian channel following strong bullish divergence. Look left. AND 2) A strong buy signal printed. (Not shown but it has) If you see price action consolidate around $22.6k during the month of January then reserver the bearish bias. This...
On the above 2-week chart the Vanguard Russell 1000 Growth ETF has enjoyed a 40% upside move since the year began. A number of reasons now exist to exit long positions. The include: 1) Price action support breakout. Look left. On each occasion price action support failed the fund made a considerable correction. 2) The 2-week bearish engulfing candle. As with...
On the above 10-day chart price action has corrected 97% since the sell signal that printed in early 2018 @ 47 dollars. A good trading opportunity exists at this moment because: 1) You know why.. 2) Price action prints strong positive divergence with numerous oscillators as measured over a 160 day period. 3) 10-day hammer candle has printed. Look left (black...
The noble metal of Palladium has undergone a robust correction of fifty percent since the waning days of March in the year 2022. This fortuitous circumstance has begotten a plethora of reasons for one to adopt a bullish outlook. They include.. 1) Price action and RSI resistance breakouts. 2) Bullish divergence. Six oscillators now print positive divergence with...
Talk about a 180. As soon as the JP idea is finished L for Lloyds is next, and my what a different picture. It seems as banks in the USA collapse that UK banks are set to see some serious cash inflow. On the above 2-month chart price action has corrected over 90% from 2007 and never recovered. Until now. A number of reasons now exist to be long, including: 1) A...
Is Bitcoin price action about to print its seventh weekly red candle ever? Does look like it. Such is my free time, looking left on weekly charts (above) price action has never printed 7 weekly red candles in a row before now. The Bollinger Band is a useful indicator to identify how far a group of values is from the average. Think of the number of people walking...
On the above 2-day chart price action has corrected 80% since mid-October. Ouch. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints. 2) Broken RSI resistance 3) Price action is on past support / resistance. 4) The 2-day BTC pair also prints a buy signal with broken MFI resistance. 5) Lastly, volume. I don’t know why,...
On the above 3-day chart price action has corrected over 90% since the early 2021. Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action, RSI, and Money flow resistance breakouts. 3) Point (2) is also true for the BTC pair. Chart below. 4) The 3-day/40-day SMA crosses up the 3-day/100-day SMA. Very bullish for...
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) strong regular bullish divergence. 4) The falling wedge. The flag pole extends to $1.80 Is it possible for price action to fall further? Sure. Is it probable?...