Simple analysis using basic TA. Occam's razor - the simplest solution is often the correct one.
I used a Fibonacci retracement to show price levels dating back to the peak of 2017 bull run. These levels correspond well with long-term support/resistance levels, so I believe there to be a significant pattern.
Recently BTC has formed a new downward channel, of...
We're going to look at 3 separate indicators on the 4h chart for this: TRIX (triple trend oscillator), IV (implied volatility), and RSI (relative strength index).
TRIX: Trigger line (yellow) shows that yesterday was the beginning of a momentum shift. You can tell this by the inflection point on the bottom of the lower oscillation. The trigger line is approaching...
GE has astonished me for the past few months, especially with CEO Lawrence Culp doing away with the Capital sector, Jack Welch's pride and joy, and still managing to not completely crash stock prices. What is most astonishing is that with one little cup and handle, the downward trend seems to have been reversed, despite most Wall Street analysts calling GE to drop...
This is in contrary to by bearish scenario linked below. Looking at the 15min chart, stock starts forming an ascending triangle at the support line which may signal a breakout if it can get over the $195.22 resistance line. RSI is declining without price decreasing, and IV is still below the mean, signaling a potential for a push. Similarly, we can see a golden...
We haven't seen Apple perform as well as it has the past 6 days since they went on a 20-day green streak during the dot com bubble. And following that streak, apple saw a 50% reduction in stock value. Well, here we go again! RSI is oversold, IV is below the mean, and Apple can't seem to break past the $195.22 resistance line that we so prevalently see tested over...
These are 15min candles, so relatively short term. Descending triangle (green lines) signals increase in price within the next week. Big resistance at 10.12 (top yellow line), stock bounced off that level on May 22 and on June 4. Descending triangle also forms the beginning of the handle for a cup and handle, which is a strong signal for a breakout in price. We...
**This is my first professional TA, please do not take this as trading advice! Advice would be appreciated.**
This is looking at the 4h candles with a couple of important lines drawn. The yellow lines indicate major resistance and support lines defined over the history of HEXO stock trading. The bottom line is placed at 6.05 and we have the potential to revisit...
These are 4h candles, looks like Facebook did a massive and textbook cup and handle but is still trading within the handle portion. Nonetheless a huge breakout over the next few months is imminent. Stock also just bumped off the bottom of the channel and also off of a strong resistance line which explains the recent rise the past 3 days. Looks like $177-179 by...
This is the long term chart for URI. Very predictable stock from the 1W chart. RSI is our biggest indicator here. Nice harmonic patterns forming within the triangle, with many points touching both sides of those lines. You can see each time RSI bottoms out around 30-40, a rise is imminent, and stops at that upper line.
Furthermore, IV is 12 points below the...
