Stochastic Divergence is one of the most powerful leading indicators of price. Convergence will show price and stochastic oscillator moving towards each other. Divergence show the price and stochastic moving away from each other.
Stochastic Momentum indicator signal over bought and over sold oppurtunities. Oscillating between 0 and 100, with above 80 signaling overbought and below 20 signaling over sold. These indications provide another check on your checklist for buy or sell oppurtunities.
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 4-day chart price action has corrected by 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Price action double bottom. 3) Price action prints on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of...
🔍Let's dive into today's analysis, which is different from our usual cryptocurrency reviews. Today, we'll be analyzing gold on the weekly timeframe, as this is our first gold analysis in the channel. We'll start with a broad overview of the chart and later delve into lower timeframes. ⌛️As you may know, gold's long-term trend has historically been bullish. This...
A lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021. The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible. Is it probable? No. Why do I say that? Let’s look left....
TXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up for more than six months. There were corrections in January and April. I conld suppose another correction may occur in July whne trading volumes are lower for the summer. In...
SPY printed an inside day on the daily and a DOJI on the weekly, we're going to get some movement next week for sure. I have protective puts in place.
📊 Script: SOBHA 📊 Sector: Realty 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1946 🟢 Target 🎯🏆 - 2113 ⚠️ Stoploss ☠️🚫 - 1860 ⚠️ Important: Always maintain your Risk &...
Price gave very good movement, nearly 300 points yesterday and now it is at crucial zone. 18600 is important in deciding the trend direction. Buy above 18630 with the stop loss of 19590 for the targets 18660, 18700, 18740 and 18800. Sell below 18550 with the stop loss of 18590 for the targets 18510, 18480, 18440 and 18400. !8500 can act as support. Hit the like...
Yesterday the SPX500 dropped around 0.8%. this sets up an interesting dynamic where short-term traders may look to capitalize. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with...
The stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought...
Utility stocks have been on a tear recently. Just a few days ago, 93% of the stocks in the S&P Utilities Index were trading above their 200-day moving average, and now the breadth is deteriorating rapidly with just 80% of these constituents above their respective MAs. After today's slide, it seems the line of least resistance is to the downside, at least in the...
AMEX:SPY May 24, 2024 15 Minutes. AMEX:SPY opened gap up. Close was bad. as it closed near low of bar. Having expected 534 on upside, short opportunity came easily. We have 2 issues. AMEX:SPY made ATH. But close in daily and week so far is bad. Near low of bar. So, if today we have a closure near end of bar in week. Next week we will have downtrend. So...
Here I have EUR/USD on the 4 Hr Chart! Price made a good push to the Upside surpassing the Highs earlier this month but then getting caught up by the Highs of April Currently Price is bouncing back and forth between the Falling Resistance and Rising Support. Potential False Break zones for both Resistance and Support are marked by the High and Low Points...
1. Mysterium is a nice little micro gem on ETH that gives you rewards for sharing your bandwidth. We also have bullish divergence on the Daily. On Mexc and only $3m MC so easy 10x I think. These are the kind of plays you want to be on post CRYPTOCAP:ETH ETF approval.
On the above weekly chart price action has corrected over 90% since the sell signal (not shown). Today is great long opportunity. Why? 1) RSI and price action resistance breakout with support confirmation. 2) Multiple oscillators print bullish divergence. 3) Trend reversal. Higher highs higher lows replace lower highs lower lows. 4) The macro bull-flag...