It seems that the callback has been completed. It may be a platform type 4 wave. I think there will be a new high. Black rectangular box, after the close can see whether the price behavior on the stop signal.
RSI has reached 40, silver is no longer short, target black rectangle. It generally means that 3-4 has been completed and 3-5 has been started. Silver has at least two more strong rises to end the bull market.
Weekly trendline was broken. The price should growing.
I am bullish on DXY. IMHO: It seems that DXY has found some support around 90. DXY is forming also some positive divergence in the Daily MACD. Both, the support around 90 and the positive divergence, triggered my long entry with a target around 95. So take care.
Price has broken support and retesting now
Test S2 yesterday, and then rebound to the current position S1, 1H cross star price behavior shows the top, will test S2 again, is expected to stop falling. The 4H cloud belt shows a short trend, which is negative in emotion.
USD/CHF has broken above a bullish Falling Wedge chart pattern, confirming the breakout. This also followed positive RSI divergence , showing that downside momentum was fading. This may open the door to resuming the dominant uptrend from the first quarter, in line with a fundamental view that the Fed may be less dovish than the SNB in the long...
The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems. Keep in mind that PLTR is right at a resistance in the 4h...
If NIO closes under the 40.90 tomorrow, there’s a chance it’ll fill the gap at 38.64. Then I believe I’ll be a good moment to buy. It is no secret that I already booked my profits on NIO, and now I’m an observer just waiting for the next chance to buy it again. In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade,...
Here we have a good example why we must trade price, not indicators. We had an incredibly nice advanced breakout on the RSI, which gave us some fantastic trades recently, but now, it didn’t work at all. As I mentioned, we trade price, and the trigger was the 606, which wasn’t triggered. You guys know that I want to another trade on TSLA, but I’ll only do it when...
Ok, the RSI divergence persists, but AAPL is not giving any buy sign yet. Remember, we trade price, not indicators! At any moment it could break the 125, and today, it lost the support around 124. In the 4h chart we are heading to the 122, which is the place we’ll buy AAPL, to sell at 127.90, with a tight stop-loss. The more it drops, better the risk-reward...
Hello my best freinds Green area: The area where the price has just entered. The price ceiling for this area is $ 200. There is a good chance of reaching this ceiling this week If $ 200 is maintained, the move to $ 230 will continue and there will be a significant price correction. Apologize for poor writing
RSI HD Negtive Climbing power is reduced. Despite the failure of the triangle, it is more likely to return to the downtrend
On the above 1-day chart price action has corrected 60% since mid-February resulting in an oversold condition (orange column). Regular bullish divergence is now visible between lower lows in price action and higher highs with Stochastic RSI + Money Flow index (MFI). Furthermore more price action has landed on past resistance as support, look left. Together with...
Massive head and shoulders showing on daily chart. Apple and the QQQ have similar situation. I have an alert set on my trendline for a confirmation of fall through neckline. As you can see Amazon has been one big consolidation since last July. Mac D is doing the death cross you can see H&S on RSI. Fell below 200ma this week. Grabbing a few 7/2 3000$...