1H Hammer, 4H in PB&J, Monthly at Yearly Pivots S3 and 127.20 extension support (currently Doji), Daily bullish divergence. Daily Trading The 9 strategy long.
The Doji on the Monthly chart shows that the downtrend is exhausted at historic Change of Polarity support. Stochastics are oversold. Price hit the Monthly Bollinger lower band and Yearly Pivots Fibonacci S1 support. Target is next major Fibonacci level above which coincides with Daily chart Falling Window resistance. Long: 105.70 Target: 125.00 SL: ...
There's Nothing More Bullish than a Failed Head & Shoulders.
When analyzing gaps on a chart, the key question to ask yourself is this: Did this gap result from amateur traders reacting emotionally, either buying or selling? Or was it the professional traders, who base their decisions on logic rather than emotion? To determine this, there's a crucial concept you need to grasp first... Professional traders buy after a...
Technical Analysis of Mondelez Internation, Inc (MDLZ) From Left to Right (Monthly - Weekly - Daily - Hourly) First of all, this was discovered as potentially interesting using the Screener to identify assets with ADX moving above 15 on the Weekly chart. "Some of the best buy signals are found when ADX is below 15 and begins to rise." - Chuck Le Beau (Author of...
Short Targets: - Rising Window - Piercing Pattern support - Pivots (Fibonacci) S3 - 127.20 extension
The Monthly S&P is overbought and at a 9 TD Sequential Sell signal, that is why the market pulled back. The Daily after the pullback has found buyers at previous breakout resistance turned support (Change of Polarity). The Weekly has relieved the overbought condition and I believe this is the point where bulls will see if they can continue the bull market. On the...
I used TradingView's stock screener to find assets with ADX (14) crossing up 15 on Weekly charts and came upon this CCCS. All of this analysis is based on a Weekly chart. First and foremost this is the first time that ADX is crossing up 15 in the chart's history. Secondly, TD Sequential is on 8/9 of a Buy signal. Third, it's at the bottom of the Bollinger Band....
Hello traders! I'm back from a few years away and found a little nugget on ADX in my trading notes which I wanted to share with you. As you may know I have focused the majority of my attention on candlestick analysis using Steve Nison training material. In one of his courses I have written down this quote by a significant trader he talks about sometimes, " Some...
I've never researched cannabis stocks before, I don't know anything about the industry, and I might be dead wrong about what I'm seeing but based on candlesticks, oscillators, fibonacci, and moving averages I'm seeing this being an opportunity to buy and hold until price hits EMA 200 on the up side around $50. Do your own analysis and see what you can see.
From Left to Right: 1. Horizontal Resistance off of Doji High. 2. Price falls to 200 EMA. 3. Trend-Based Fib Extension is drawn from Bullish Engulfing Pattern Low at 200 EMA to Doji High (confirming previous Doji resistance), and finally down to Bullish Engulfing Pattern. 4. Price broke out of the $340 horizontal resistance and hit Yearly Fibonacci Pivots...
3 Month MA 3/12 Dead Cross: TD SEQUENTIAL Buy Setup projected January 01 2024. Target TDST Support: $236.19 61.80% Fibonacci retracement from Bitcoin at $0.00 to ATH altings exactly with TDST support: So what’s the plan? Play the short game all of 2023, and get in now before the action starts!
This is a great time to go short. Close short / open long positions between: $6152.90 - $7000.00
This is the perfect place to open longs, in my opinion.
My Perspective: I believe that buyers entered too early. Their reasons for doing so made sense: - EMA 200 - 2.618 Fib - Stochastic divergence - Stochastic oversold - Prior support Albeit their entry made sense, the downtrend is not yet exhausted. - TD Sequential 7-of-9 - TD Countdown 10-of-13 - Close below 2.618 Fib - Close below EMA 144 (circled)...
69D: - MA 3/12 Dead Cross 31D: - TD Sequential momentum not exhausted (6/9) 31D: - MA 3/12 Dead Cross 31D: Patterns circled: - Inverse Fisher ALMA upper target breach leading to lower target - Phi3 EMA 72 target - Increased volume - Inverse Fisher RSI not oversold - DMA +DI -DI cross
I closed my position last night as I was observing a bearish divergence. What I didn't see before is that 1Y and 6M Pivots P was hit and price is struggling beneath this point. Repeat, the 1 Year and 6 Months Pivots center line was hit and we're getting bearish divergence with reversal candlesticks. The 16D chart is the key to Bitcoin right now and the market is...