On the above 12 day chart price action has corrected 90% since early 2021. A number of reasons now exist to consider a long position, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. March price action printed the first higher high followed by the first higher low in February. 3) Support and resistance. Look left, the blue arrows....
On the above 6-day chart price action has corrected 97% since May 2021. A number of reasons now exist to take a long position, including: 1) Price action and RSI resistance breakouts. 2) Price action prints support on past resistance confirming the trend reversal. 3) The falling wedge breakout forecasts a 4000% move to $17. Is it possible price action corrects...
On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head &...
On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) What was said above is also true for the ATA-BTC pair. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk:...
Surely you can’t be serious WW? We’re about to enter a recession! Everyone is struggling for cash, the economy is faltering. Commercial real estate prices have corrected over 25% since the start of 2022. The source: fred.stlouisfed.org In some instances in the US, corrections of up to 40% have been recorded. Now I’m not saying the correction is over, but I am...
Last year I wrote the idea: “MATIC - The one token not to hold in 2023” It was not a popular opinion. Link to idea below. At the time price action was at 97 cents. Down 13% currently in what was arguably one of the most bullish years for markets those past 30 years. What of 2024? Nothing good. A weekly death cross is almost certainly going to print by the month...
On the above 1 day chart price action has corrected 60% since early April. A number of reasons now invite a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. Once the horizontal 2nd the diagonal. 3) The flag. The breakout is clear to see with the flagpole extension measuring a 200%...
On the above 10 day chart a 50% correction on price action has recently printed. For the last 3 years price action has been in a downtrend with a total correction of 95% as identified by the blue arrows. A number of reasons now exist to consider a long position, they include: 1) Price action resistance break out and trend reversal. The recent correction was in...
On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance...
On the above 3-day chart price action has corrected 96% since the awesome sell signal back in March 2021 (not shown). Now is an excellent moment to be long. Why? 1) A break out from price action and RSI resistance as price action falls on historical support. 2) Multiple oscillators printing bullish divergence over a 7 week period. Amazing. 3) The target is $8....
After a significant correction of approximately 50%, price action has now confirmed support on past resistance as shown on the above weekly chart. This development suggests a potential reversal is underway, offering an attractive buying opportunity. In addition to the confirmation of support you will notice price action prints a higher low in tandem with lower...
On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including: 1) Price action resistance breakout. 2) Trend reversal. 3) Support and resistance. Price action confirms support on past resistance. 4) There is no chart pattern or otherwise to estimate a target area so don’t ask!...
There has been a few enquires on how much further price action will fall. I don’t know. However I'm a data scientist and that means I like looking for patterns. There’s a lot interesting confluence at the moment at the same time most of tradingview.com is publishing “short” ideas and yet from a quick scan of the ideas shared I've not seen many ask the...
And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game. The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume...
This is a macro outlook into late 2024. On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support. Isn’t there a recession coming? Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing...
On the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include: 1) Price action returns to legacy support. 2) RSI resistance breakout. 3) Strong positive divergence as measured over a 2-month period. Look left. 4) No share splits. 5) Price action...