$MXIM below 55.94 short side trade looks decent w MACD turned down on Weekly. Above 56.00 tough. #swingtrading I love this short side set-up, will be watching very close in premarket Monday. If it sets up short side bring the charting and indicators down to 30 min 60 min etc and time the turn on the daytrade and if it holds then swing it. For more detail on the...
Chart Resistance Intact and Price Target in play ONCE AGAIN! 50% Fibonacci, mid quad on monthly. $USOIL $WTI $CL_F #OIL #OOTT $USO $UWT $DWT This is the forth month in a row the candles have come up to the mid trading quad on monthly chart (resistance until breached). Actually, technically this month price hit 200 MA and came off short side again - WHAT A GREAT...
Litecoin will have to bounce near here if chart structure to remain in place. $LTC If it doesn't bounce near up channel support (yellow diagonal line) it could run another trading quad area down very easily. I'm bias a bounce but... price action should rule and don't forget the 200 MA is overhead if it does bounce. That will become significant upside resistance...
$C Citi at a quad wall and historical support test here. 74.46 June 15 time cycle price target in play. #swingtrading The trading area quad wall test (blue dotted diagonal line) is real. It could hold. If not it is down to lower target most likely. But if it holds the path of least resistance is June 15 price cycle peak price target at 74.46. Also of note the...
This $SPY chart was posted as an "on the fly" algorithmic model chart in advance of trade entering this region of trade. The proposed channel (uptrend) is holding so far. In trading price action on Friday the bulls had intra-day notice to trim when price didn't hit the upside Fibonacci resistance intra (red arrow). Trading price on technicals pays off. The 50...
Chart and candlestick patterns formed- hammer patterns occurred at 130.246 and 130.182 levels while hanging man patterns have occurred at 130.797 and 130.831 levels on the 4H chart, and at 135.394 levels on monthly plotting. Shooting star at 129.366 levels on monthly terms. Hammer which is bullish in nature have evidenced the rallies but bulls struggle for...
Chart and candlestick patterns formed: Bullish engulfing and the frequent occurrences of shooting stars on minor trend (refer daily chart). The swings have been oscillating in the range bounded pattern on the major trend (refer monthly chart). Bullish engulfing at 1.0620 levels that have propped up the rallies. Shooting star patterns have occurred at 1.0608,...
Twitter bounced near 200 MA on weekly support. $TWTR With the recent pressure on related equities I am watching $TWTR $GOOGL $FB and a few others very closely at open on Monday. Here's the 4 hour chart post from Friday I alerted (200MA on 4 hour as intra-day resistance) - it did back off near that resistance intra-day. Here's a Friday news (Real Money) take on...
Google one of my favorite long set-ups this week with 200 MA and channel bias. $GOOGL #charting In my personal trading plan I am by far am leaning toward at least the first upper target (red circle) or even the next. The news has been so bearish of late for related companies that oversold is either now or near imo. I'll be watching at 4:00 AM for any sign of...
Gold hit historical resistance and came off hard again. In channel with Price Targets in Play. $GLD $UGLD $DGLD #Gold Historical resistance held EVEN in a non time cycle peak (which is a big deal for algorithmic chart modeling nerds like myself). We would expect resistance to break easily to upside unless it is at a time cycle peak resistance test. So this is...
$GDX one of the cleanest, easiest trades on the market #Gold #Miners $GLD No trading is truly easy, but you get my drift I hope. Gold miners continue to bounce off previous support area with predictability. The trend (or history in this instance is your friend. Price is currently following the diagonal quad trading range for this time cycle upward perfectly...
$VIX #volatility did turn up in structured and trade-able manner after my previous alert post here; The bulls have structured bull pattern on chart model to their advantage AND the Stochastic RSI just curled up with continued MACD uptrend and structured model quadrant trend up.... BUT.... The squeeze momentum indicator at bottom of chart is failing to hold...
Will history repeat? Silver MACD flat and price dumped hard last time. #Silver $SLV Starting Monday I'll broadcast live this $TSLA trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts. Register to free email list for trade set-ups, webinars, special events: compoundtrading.com...
Chart and candlestick pattern formed: Minor trend slides through falling wedge and intermediate trend in rising channel. Back-to-back shooting stars pop-up at wedge resistance and the bearish engulfing pattern has occurred to hit wedge baseline (refer daily chart). These bearish patterns appear at 0.7859, 0.7876 and 0.7677 levels in between bearish candles with...
$NSPR Trade coaching momentum stocks resistance points for trimming long daytrade. 200MA VWAP. I'm back trading live broadcast on Monday, but in the meantime I was working with a trade coaching student during market open with the $NSPR momentum trade. She was in $NSPR early, got a great entry, but the task was to know when to trim. So I am showing her how to...
If 200 MA on monthly chart is breached, April 9 PT in play on weekly is 75 region. $USOIL $WTI $CL_F #OIL #OOTT $USO $UWT $DWT As posted on the monthly chart recently... Oil resistance test, 200 MA, 50% Fibonacci, Mid Quad, P \T in Play. Short trade (short time frame) setting up on EPIC Oil Algorithm model - $USOIL WTI. Takeaways: Short term short set-up...
Oil resistance test, 200 MA, 50% Fibonacci, Mid Quad, P T in Play. Oil short trade (short time frame) setting up on EPIC Oil Algorithm model - currently trading 64.72 $USOIL WTI. Divergent channel and major resistance overhead 65.00 - 65.40 on $USOIL WTI. Detailed trade set-up sent on alert feed to EPIC the Oil Algorithm Model members and in private Discord...
Range trading $FB move made easy. See chart notes. #daytrading #swingtrading #charting The triangle highlighted is your range. Near bottom of range (when price bounces off a horizontal Fib line) long until a horizontal Fib line causes resistance then trim your long appropriate. Every time price breaches a Fib to upside add or continue your long. When price gets...