The bulls have had a good few weeks, but the long term downtrend appears to be stopping the price from moving any further, further validating my suspicions as indicated in my last idea (link provided). As the price continues to try to break out with several high-volume surges, it has continued to make lower highs and broken the immediate uptrend with lower lows...
Coming of triple divergence, Pandora has stabilized and today has broken previous highs of the 24th which came on above average volume through this congestion period. Momentum did not put in a lower low to go with the gap down, and we should see P try to retest 18s.
RIG is coming of divergence that sent price breaking resistance with momentum confirming the move higher by also making higher highs. RIG has since pulled back to a .618 retracement. I am looking for price to move past its most recent leg higher and test the 127 projection of this leg. With stops placed below the most recent swing point low, this trade offers a...
NUGT has put in a .618 retracement after triple divergence led it to break previous resistance with momentum confirming the break. Our decline was not a sharp decline at all hinting that this was price taking a breather on somewhat lighter volume. I am looking for price to continue to its 127 projection with stops underneath previous lows.
Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]
We are very close to breaking the long-term trendline. We're either going to fail to make a new high and slowly churn downward again, or we're going start a long climb to bullish targets. Since we already have major baseline support below us, I'm leaning toward the latter If we start to see volume coming in here and the price moving steadily past that...
IPGP is a possible near-term buy opportunity. It is not trending well so is not a longer-term trade right now. Yesterday's gap up offers a near-term buy due to the increase in volume on both this and the previous bar. Friday's bar (6th February) was actually more bullish and broke out above the strong resistance (at $78.59) and above the round number ($80)....
The low of $152.40 on the 12th of January marked the highest trading volume since Winter 2013 all time high and it has certainly made for some very profitable short term trades for some and horrible losses for others. Zooming out of the chart we can see that the last time we had such high volume after an all time high it heralded the beginning of a new rally and...
With the US indices in a mini-range right now there aren't many breakout opportunities. BRX is a good trending stock but has only been trading for just over a year - so not one I would look to trade at the moment. However, despite some erratic volume (on relatively small bars), it continues to push up in a fairly uniform fashion. The pullbacks are generally not...
We've hit daily support at the breakout zone in a very oversold market. If we see more bear action, it most likely won't be until later. I've outlined important daily support and resistance levels on the chart, and the next stop appears to be a retest of $252 where the market broke to the downside with huge red candles on very little volume compared to the...
This could be the wrong way to use these tools. This is my first opportunity to put them to use. Feedback is welcomed. Two Volume Profiles at work. One Fixed Range from October 16,2014 through December 7, 2014. I then drew a Fib on the 70% Value Area to determine the 50% Fib balance point. Dark blue line from far left of screen is the Fixed Range POC. Sky...
Bullish momentum divergence on Mac-D signal lines, histogram, and RSI. It is coming off some support as well and we saw big volume come in to stabilize it on the 14th.
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
One of the great advantages to TradingView is the opportunity to see the market through many different individual’s unique perspectives. Each new perspective offers the opportunity to gain some additional insight and thus advantage. The concept being explored in this indicator is the disclosure of the sentiment of the traders in control of the current price...
CNC gapped up on Friday, despite the overall bearish move on the US Indices. This was a quite significant move as there are a number of reasons to support a continuation of the uptrend - in the near-term at least. Firstly, price gapped up above 3rd December high of $101.83 and the $100 figure. Second, this also confirmed a bull flag formation or, if you prefer,...
Friday brought the first higher low reading on the mac-d histogram signaling entry for JCP long. This came off of noticeable momentum divergence from both the histogram and the signal lines. Also, RSI showing some divergence. There was above average volume on Friday leading me to believe that the buying brought on will be able to be sustained as we shoot for the...
Dark cloud candlestick pattern occurring at the extreme of the Bollinger Bands with momentum divergence showing on both the mac-d histogram and RSI. Looking for price to retrace to the 50 ema or lower Bollinger Band, whichever occurs first.
I have posted on ORLY before (in early November) and since then it has gone on to experience a lovely linear trend. After the first gap up I was waiting for a pullback followed by a breakout to enter the trade. This happened on the day of my last post so I was able to enter on the next bar. Yesterday's gap up added to my equity so overall I am happy with this...