On Balance Volume (OBV)
ERIE being eerie! RSI analysisERIE's chart seems to work on overbought levels. The chart mark the levels where the RSI is overbought, and when it goes back to under 70. Using these as signals have worked well in the past; of course past performance is no guarantee of future results; and Implied Volatility is over 400% higher.
OBV has stayed in its upper channel ( Bull )
200sma is working as strong resistance, marked in-chart. ( Bear )
Keeping on a watchlist.
EURJPY - Bullish Divergence - 07.03.20OANDA:EURJPY
I'll be entering with a break and retest of the previous major lows drawn on the chart (new higher low) :)
Ducommun - technical/fundamental bullDCO has a beautiful looking chart!
It has been in an uptrend channel since the beginning of 2017. (check chart for more details)
Earnings report trend are usually positive surprises, that have maintained the trend so far.
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I would consider entering a position if we brake SMA(50) on a daily chart, with strong volume. (currently at $45.3)
Have a great weekend!
Happy trading,
dorfmanmaster
Published (D7R) OBV+ script Hi there. In this video I talk about the OBV+ with option to turn Histogram mode. I also updated (D7R) ACC/DIST+ with same Histogram.
These scripts are my two goto when I want have an extra look at volumes beside the just naked analysis.
Get it both at
Using OBV Divergence To Detect Barts And Wyckoff DistributionBarts (AKA bull or bear traps) are a common pattern in cryptos. The OBV indicator can be useful for detecting Wyckoff style accumulation or distribution.
It's especially useful for Barts which have a very flat section of price action which makes the OBV divergence very apparent in some cases. If you see a flat zone that looks like a potential bart, track it on a couple different time frames and see if a divergence pops out, it might show which wyckoff mode it's in.
Cardinal Health -flag above resistanceCAH showing strong up-trending OBV, while forming a bull flag above the now support at $57.5
Earnings were a beat on result and guidance.
EUR/JPY PredictionWe have a clear 'Triple Top' and have created a neckline entry point, we have also gone below the 200 SMA and we have very clear Regular Bearish Divergence, take your profit in this golden zone which is the 50% and 61.8% Fibonacci retracement
Signs for bulls? what about the confirmations then?Small TF small update:
*Do notice OBV very bad movement atm...
Weekly OBV also extreemly bad (As I showed on previous updates, it didn't change).
* Also we were rejected by the 200e on daily. passing above it will shoot it up...
* We are testing the hourly cloud too many times, it is also usually bad for the short term.
* And to add to it we have hidden bearish divergence:
I personally suspect sideways for a while to test boundaries before final decision to where we go.... good for scalps for next few days ;)
range: 7870-8170
or smaller better range: 8022-8170
*** There are many big signs as well for bullish market, but until we won't see confirmations that we actually started it up, we should still focus on shorting on the bigger picture.
Roku's Fibonacci drop analysisTechnical analysis
OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.
Fibonacci retracement has its 61.8% line at $102.
We are at a SMA(100) support.
Market moving out of growth, into value.
Moving market news
Pivotal research downgrades to $60 (SELL).
Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.
Note
* Keeping a tight stop limit, there is a great risk reward ratio.
Paypal short-term Bull FlagThere are mixed signals, with OBV not following the same uptrend as the RSI.
If we break this resistance with above average volume, that would be a great signal.
Bullish Divergence on GPROLooking for the daily candle to close above its previous close and then set the stop loss below today's low. Could see a nice 20% upside to support. Not going to be in this for long, primarily speculating based on the divergence between RSI, OBV and current price action.
TELADOC (TeleHealth)TDOC with great technicals.
RSI(10) @60 reaching higher
OBV on higher highs
ADX(14) @24
DI+ > DI -
My 2 Cents on #BitcoinHi All,
I do have some long Bitcoin trades on at this time...
The #OBV is testing resistance on the hourly chart, So if it doesn't brake it...
The #RSI is looking at the resistance and support on the hourly chart. I have a feeling that we can see a break out to the upside... Because for now, we have been in a very powerful bull run...
The price action on the hourly chart, has found support for now... Support is in the blue box with the white outside... I can see it re-test $91,00.00 USD soon, I hope it go's to $10,000 USD then come back down...
Guys and Girls, What do you think... Do you agree or not?
I can see streets get a little bloody in the next little bit...
I just got a call from my "OBV" indicator it's just cross under the "VWMA" from my experience the price is more likely to head down... and when it crosses over the price is more likely to head up...
BTC/USD 1H/1D charts (11/26/2018)Good morning, traders. Welcome to the final week of November. Over the holiday weekend we saw Bitcoin find a low of $3474.73, which was around the equilibrium of the 1M zone, and bounce for almost $600 so far. That's about 17% with some possible higher highs lining up. I am looking for price to target the $4500 area, with some expected resistance around $4340 and a secondary target of the equilibrium of the grey box at $4800, if it can break the swing high of $4120. If price breaks the swing low at $3474.73, then it is much more likely to target $3000. The descending dashed red line is the most important local resistance that price needs to break in order to see price head higher.
The 1W saw RSI print a low of 31.45, just above oversold. Currently it is sitting at 30.7 and the 1W S1 pivot is noted at $3200. Yesterday's 1D candle, coinciding with the weekly close, started well but ended under selling pressure meaning rather than immediate upside bias, we should be expecting some sideways movement as buyers and sellers battle it out. This is exactly what has been happening since yesterday. It doesn't mean that price won't go up, only that it will take more effort from the buyers if it is going to do so.
The 1D shows price printing a channel within a possible a descending broadening wedge. The channel is about $1300 wide, so we should expect a target of $1300 above the point at which price exits the channel's resistance. Volume has tapered off on the drop suggesting that sellers are exhausted which is to be expected since 1D RSI has been oversold since November 14th. 1D OBV has continued to move higher, since its low on November 20th, as price has continued to drop. As always, smart money volume precedes price so the expectation is that we should see price reversing sooner rather than later.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
