Still keeping an eye on NYSE:HIMS as potential powerplay. Gotten pretty tight with mini coil after today's session.
The Nasdaq is holding above the February high and forming a potential bull flag pattern, which projects an approximate target around 13,500. A larger flag pattern also remains in play with a target just below 14,000, although the October high and monthly R1 around 13700 provide a likely resistance area. The daily trend is respecting the 10 and 20-day EMA's and the...
NYSE:UBER horizontal pivot with a trend line confluence. Probably need a bit more time to build out the right side of this pullback which is so far all left side. If you are a trendline breakout trader, this might appeal to you. I'll watch for now how this continues to develop.
I have not looked at my twitter feed yet but I'm pretty sure NYSE:IOT is getting loved like no tomorrow. Inside day with a mini coil pretty close to its 10 week MA. Volume dry up last 2 days with U/D 1.65 2 high volume weekly selling bars after gap up gives me pause.
A bullish trend is developing on the 30-minute chart and prices are consolidating near yesterday’s highs, within a potential bullish continuation pattern. The OBV indicator (on balance volume) is also confirming the rally higher to suggest bullish volume remains dominant. The weekly pivot point is capping as resistance, so perhaps we’ll see a pullback prior to a...
Well, gold did make it to $1980 - just not the way we'd hoped. Still, a bullish structure has formed on the 1-hour chart which has regained our interest. A bullish outside day formed yesterday and its lower wick shows strong demand around 1950. Prices are now consolidating within a potential bullish continuation pattern on the 1-hour chart, having pulled back...
After an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal...
make Money with this amazzing indicator that pick sup mu;tipel RSI divergence wiht TTM squeeze on 4hr indicator
D: Uptrend price broke above and retested daily trendline 4H: Uptrend, price retraced 50% so far 1H: Downtrend, price retraced 23%so far CURRENTLY: I'm looking to see if price will 1) rise to 61.8% on FIB, consolidate on monthly key level, then 2) go short to retest 1H trendline, near support/resistance zone ~70 pips long - 70 pips short
This is how I would analyze the markets when looking for trades.
Possible entries are BO and bullish retest of trendline.
AMEX:SPY - gapping down from a resilient Friday session on lower vol but QQQs showing relative weakness in the morning as economic data including a hot nonfarm payrolls is signaling more potential for future rate hikes . SPY is still in the upward channel for the march 13 lows. 409 is the key level where it needs to hold to see future upside today. Not seeing an...
ENJ The beginning of the second upward wave Correction to the 0.5 Fibonacci area The second encounter with the powerful support of the floor TP Move up to 1.13 Fibonacci
WAVES The beginning of the second upward wave Correction to the 0.618 Fibonacci area The second touch supports the dirty floor TP Move up to the 0 Fibonacci area
IOST The beginning of the third wave Back from the 0.382 Fibo area The third touch of the upward trend TP Move up to the 1.424 Fibonacci area
Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the...
Last week was a hectic week ,the market was not moving the way I anticipated it to move probably because of the NON farm payroll we had last week and I took some loses on Wednesday.. again I do not trade any news be it fomc or cpi or NFP ...I don't trade I stay off...but that not what I'm here to share with you guys today ....if I'm to take GBPUSD on Monday,of...
As per my analysis, if NSE:ADANIPORTS 45min candle closed above level of 655, we can take buy entry with stop loss of 623. My expected upside target would be 671 & 698.00 Note: This is my personal analysis to learn stock market behavior. Thanks.