Reaching supply zone. tight stop. In up trend. chance of going lower, but playing the bullish bias.
Long gold here? Double bottom? Weekly indicators ready for sling shot? Tight stop?
Strong bull fundamentals. Would not be surprised if we had an RSI breakout and saw gold pierce the 1800 level. I believe and hope there is one more pull back. Don't short a bull market. Buy pull backs! Not investment advice.
Hi all, Big Head and shoulders Pattern. At the time of writing this we are looking at -237.25 -3.29% on the Nasdaq index futures overnight market. Probably looking at another Big red day on all the major indexes. Corona Virus news inciting more fear and sell offs in the the Market. Post market trading pushed AMD lower below the neck line @ 37.25. Enjoy the Trade.
DMI still showing a bit more room to push before the trend is broken. RSI indicating correction and MACD looking like maybe it has a bit more room before a bearish crossover. Trade on solid BTC breakout. right now looking meh. need a solid green bar.
Hope this short term price action will shock some volume into this monster. We have had positive news lately and have remained limp.
Indicators starting to turn long term bullish
We have a few strong support areas. We have a closing in on a price triangle potentially leading to a price breakout of the resistance line. If we break upwards with enough volume we could see a nice jump in price. Otherwise in situation two, we are looking for price action to lead us down to our second support around 74.5 cents. We could bounce off this, which is...
The MACD is very close to having a bullish crossover. The DMI still shows BEARS in power for now, but is showing early signs of an incoming bullish crossover. I believe that when this DI crossover occurs our ADX will push past 25 points giving a good signal of a solid trend reversal. Slow stoch is giving us a heads up of potential upward price movement. On top of...
Let's look at the 4 hour chart. Bullish RSI, Stoch still pushing higher, and MACD still premoting upward price movement. If we can have a $1.32 price break out with more volume we could see a lot of price action with momentum coming up shortly. What really convinces me is the MACD on the Daily chart getting ready for a bullish crossover. Thoughts or opinions?