Rykin_Capital

Rykin_Capital

It is always fun to see the easy picks unfold. The textbook type. Not only are they easy to spot, if you actually read trader literature, they make further position management much, much easier. Adaptive indicators, momentum are in agreement with the Elliott Wave take on this picture.

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This is another scenario in an otherwise bullish picture, technically speaking. Early days if the D in the XABCD is really forming, so like with most things time will tell. Fibonacci cluster levels show some static trading targets. In practice we never use static targeting in our trading.

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No indicator is really needed to tell that there is a breakout happening. This may be a start of a Wave 3 of impulse. Technically the picture is looking bullish in unison. Another list of factors why is probably not necessary.

Rykin_Capital

It appears that we might be leaving a tight trading range on the background of increasing peaks on VZO, RSX and BB %PCT. Tight trading ranges can be parts of B Waves if you follow Elliott. If that is the case, then we have more room to grow to the upside from that perspective as well. VWAP forms support as well.

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Pivots, like fades are inherently more risky, but they must always be in the gameplay of any serious trader. They can be potentially very rewarding when they do eventuate and pose lost opportunity if ignored. We generally like at least five factors from five different perspectives to consider a position. Let's see how many this one has. 1. Momentum divergence...

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We are really liking the amalgamation of factors in this picture. Just have a look at that bullish candle just smashing through the MIDAS curve in green. US and vWAP offer resistance in tandem. Bollinger Band %PCT crossed to bullish and the other two oscillators below also threw of signs in tandem. High probability situation here if you are going long.

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It will take a lot to beat that gap down, but trading is nothing without risk.

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This is not a perfect harmonic, far from it. The AB bounce is quite high, although mostly in wick, and BCD is only 0.786 of XAB fibtime wise. Nonetheless, vWAP cross happened with the bearish engulfing and Ehlers UltraSmoother is resistant with down going gradient. Stoch/RSI and VZO flipped a while back and %PCT has been progressively dropping and will no doubt...

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Indeed. 0.618 rally correction is followed now by a tenuous recovery. May it be E wave of triangle and technical indicators seem to brOadly support this notion. Bullish crosses in tandem on the VZO and Ehlers Stoch RSI, although the latter is a bit flat. Cross of the top end of the MIDAS envelope with positive gradient on both the US and vWAP lines. Time will tell.

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A nice gapping breakout, crossing every indicator line on the price chart on the background of momentum %pct divergences. This one could go far.

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In many ways a similar picture to Google today. End of trend is unconfirmed, but the gap and "change in tone" of candle is suggestive. If this is not the end of the road then we might be looking at the beginning of a Wave 4 or Sub-Wave 4 on some level. There is technical indicator evidence of a reversal, also.

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When gaps occur in an overstretched market in the opposite direction to the trend, these tend to become areas of resistance and do not get filled. Here, the price action prior to the gap flipped the VZO, BB %pct and Ehlers StochRSI. Adding fuel to the fire, vWAP and US are in tandem acting like resistances to downward price action.

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Switching to FOREX, momentum and volatility reversal is evident on this pair technically. There is a confirmation by MIDAS line cross ~ actually a triple cross of MIDAS, vWAP and US lines by that engulfing bullish candle. If this is not a switch of modality then its a whipsaw.

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They are crooked looking, but are present. Another tangent of evidence on the obvious fractal nature of markets. That thick candle to us confirms break of trend and the underlying indicators are also suggestive. It is prudent to note that the indicator readings have been formed by price action, volume and volatility immediately coming prior to that candle. Good...

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Ellioticians will have fun with this one, because this is a debatable chart wave-wise. Now what else is going on here technically? Volumes, volatility stochastics and momentum are downgoing. Bollinger Bands are no doubt showing something bearish undergoing as well. US/vWAP cross and resting above candles as well. This is a constellation that can't be not taken seriously.

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A nicely proportional AB=CD pattern here, with RSX divergence (momentum) present. This is significant. Crosses and confluence on VZO and Stoch RSI, BB %RCT downgoing. Fibonacci offer some static goals. A word on goals - we discourage use of anything static in the markets. The nature of markets is such that the system is far too dynamic for any rigid rules to be...

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A clear Elliott 5 wave impulse down is complete, along with classical divergences on the momentum indicator. Willing to bet that this is a reversal with MIDAS line cross and US/vWAP acting as resistance in synchronicity. Interestingly, there's a double harmonic that formed in the more long term aspect - a deep Bat and a butterfly within deep bat. VZO and Ehlers...

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Mean reversion strategy in a fade for the most recent rally. Here, we are betting that the rally, now in OBOS, will not cross the most recent high of highs. More specifically, that the price action will not exceed one std deviation of the vWAP value. There are divergences on the indicators below to support trend weakness, and historically nothing stays in OBOS too...