On the above 4-day chart price action has recently corrected 50% since a sell signal in late January (ask below if you wish to see). A number of reasons now exist to be long.. 1) You know why. 2) Price action finds support on the golden ratio. 3) There is a positive divergence between RSI and price action. 4) The bull flag channel, naturally a bullish pattern...
*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of...
On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including: 1) RSI resistance breakout. 2) Regular bullish divergence. Measured over 2-months. 3) A Double bottom prints. 3) Price action prints on the 100-week RMA with the divergence. Look left. Is it possible price action corrects further? Sure. Is it...
On the above 4-day chart price action has corrected 70% since the sell signal in November. Now is a excellent moment to be long. Why? 1) Price action and RSI resistance breakout. 2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. 3) Price action tests past support that first printed 3 years ago. Is it...
On the above 2-day chart price action has corrected 50% since the month of March. A few reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. See weekly chart below. 3) Ascending Symmetrical triangle breakout. A near 200% move is forecast. Is it possible price action corrects...
On the above 2-day chart price action has corrected over 80%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action corrects to past resistance/support. 3) Price action backtest is also the Fibonacci 0.236 4) Finally, the flag breakout projects a 150% target. Is it possible price action falls...
On the above 2-week chart of the Global X Lithium & Battery Tech ETF price action has corrected 60%. A number of reasons now exist to be long. 1) Support and resistance. In 2011 and 2017 price action found strong resistance exactly at $40 before breaking out in 2020 for a massive 140% gain. Price action has now returned to $40. 2) RSI resistance breakout. 3)...
On the above 8-day chart price action has corrected over 90% since March 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) Price action prints a double bottom bullish divergence. 4) Some other stuff, will say elsewhere.. Is it...
Am seeing a lot of “Short” ideas. A number of messages asking, “is it a good short now?”. 1) Never never short into momentum. 2) Never short against the trend. Higher lows higher highs are printing. 3) Support and resistance. Which is it? Price action has recently printed a significant support on past resistance. Let’s have a look… A) On the above 10-day...
On the above weekly chart price action has corrected almost 90% since the sell signal (not shown). Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action is printing on past resistance, look left. 3) Bullish divergence. 4) Weekly Dragonfly DOJI candle. 5) No stock splits. Is it possible price action falls further? Sure. Is...
On the above 2-week chart price action has corrected over 80% since the sell signal last February. A number of reasons now exist to be bullish, a few of which are: 1) A buy signal prints. 2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below). 3) Support and resistance. The yearly chart (bottom - each candle...
The bears have never been louder. The highlights from various sources: 1) ‘Short’ ideas on the tradingview.com platform are in the majority. An abundance of bearish ideas. And what do we know about crowds? 2) Popular Youtubers/social media now calling for lows of 3300 and below after a strong bear market rally. 3) “The Yield curve is inverted a crash is now...
Whether it is chart analysis of human emotions (that is what we’re charting, emotions, not price action), the distribution of petals on a flower (which allows for the best possible exposure to sunlight), the growth of a snails shell, there you will find the Fibonacci 0.618. Don’t ask me why, that’s a philosophical rabbit hole that raises more questions than...
** re-post from December ** On the above 4-day chart price action has corrected almost 100% since the sell signal in March (not shown). A number of reasons now exist to be bullish , including: 1) A strong buy signal (not shown) on both USD/ BTC pairs. 2) Price action is now testing a significant line of support and resistance . On both USD and BTC pairs...
On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC...
On the above 4-day chart price action has corrected 98% since 26 dollars. Is now a better opportunity from that one published in January @ 1 dollar? (linked) At this time: 1) Price action and RSI resistance breakouts plus backtests confirmations. 2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price...
On the above 5-day chart price action has corrected 95% since a sell signal in April 2021. A number of reasons now exist to be long.. 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong positive divergence between the oscillators and price action. This divergence is measured over 100 days. 4) Price action finds support on the golden ratio...
On the above weekly chart price action has corrected over 90% since 2021. A number of reasons now exist for a long position, including: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. 3) Trend reversal. A new higher high prints. 4) Price action exits a bull flag formation with a projected target of 20 cents. Is it possible...