Get started

200ma

WHETHER 200-EMA WILL STOP THE PHIZEZ SLIDING MODE?The Pfizer Inc. Stock has been in a sliding mode since August when it hit its all-time high at $51.84 per share. However, the slide was stopped yesterday from strong support 200-period Exponential moving average and 38.2 Fibo level, which prevented the stock from drifting lower. Overall, the stock continues to trade below the downside line taken from the high of September 7th, which keeps the short-term outlook negative. However, in order to get confident on a trend continuation, the experts would like to see a dip below $41.50. A decisive break below that barrier would confirm a forthcoming lower low and may initially target the $38.15 per share hurdle, defined as a support by the 23.6 Fibo corrections. If investors are not willing to buy near that price, then the price could experience declines towards the $33.44 area, which acted as a temporary floor for the stock between October 2020 and March 2021. Looking at our short-term oscillators, we see that the RSI moved lower but ticked up from slightly above 30, while the MACD, already negative, has just fallen below its trigger line. Both indicators detect downside speed, which enhances the case for further declines in this stock. The move that could change the short-term picture to positive is the subsequent rebound from 200-EMA and 38.2 corrections and a break above $42.65. This will confirm the break above the pre-mentioned downside line and a forthcoming higher high. The bulls may get encouraged to push the action towards the high around $44.84 or the peak of September 07th, at $47.52. If they don’t stop there, we could see them aiming for the all-time high above $50.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NYSE:PFE
by legacyFXofficial
US Equities at Critical Confluence: Opportunity Knocking!?!Breakout from the downsloping TL on Thursday 10/05 is Bullish. We see the violent churning consolidation of the correction which struggled to find support trading below the 200 DMA in first week of Oct. Price broke above 200 DMA on the 5th, moved above the DTL and also broke out above former resistance at the $3465-75 zone. After a breakout, we almost always see retest of the breakout point. Why? Those who lost and held on through the downtrend are anxious to get their money out and see the breakout as a chance to exit; Support will be found at the former resistance, from those disappointed to have missed the breakout, and eager to get back in. We also have a gap to fill from 10/05 at the breakout price $3465; this price is a Critical Convergence of: The DTL 200 day MA S/R line 50% Fib retracement of breakout NB: Note the RISING RSI and increasing relative strength, this is a market in recovery IMO. Earnings are coming soon, and may be pretty darn good! You may well scalp a few pips off shorting a retest of the convergence, this will likely occur either Monday or Tues latest. By Tues PM price should be moving higher again, if not sooner. Elliot's 3rd wave will be a ferocious Bear-killing rally from Hell IMO. FYI Notice I set the bottom of EW Wave 4 at former resistance, turns support ~4470. Pure speculation but EW 4 must not exceed top of EW1. Bear moves rarely last more than a month, IMO the bull trend is still in place, we had a 7% modest correction lasting from 7 Sep - 4 Oct, four weeks DT, which moved price to next blade of Gann fan, price may be expected to advance at a more leisurely pace into the new year in the lower order of Gann's fan (blue 2:1 band, moved down from the 1:1). IMO you do NOT want to be short at this juncture; you are betting against all the odds, with completed correction pattern in place (March 21 overlay from previous correction), support at the 200 DMA (has been support for every break since the Covid Crash), and convergence of price and time at a bullish buy zone. ONE Caveat: Note that all corrections since 2015 have been Zig-Zags! Therefore do not exclude the possibility of a second selloff in late October after double topping!! ANYTHING can happen and probably will, trade with care! This is my opinion and does not constitute investing advice! Seek that from a licensed bonded insured advisor, LOL; Do Due Diligence (DDD); GLTA!!
TVC:SPXLong
by DaddySawbucks
13
US30 > The Dow Flashing Strong Buy Signal!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #US30 there is no denying the stock market is so volatile these days after bloody September is behind us and most of the market is now down 3-5 percent here I the dow flashing strong buy signal as it touches its 200 moving average. move my chart to the left and see what happened to the market when the dow jones touches its 200 moving average, ost of the times it rally up. ok, what about the other times where it does not rally? I don't see having another crisis in the near term, yes the oil prices soaring could turn into a crisis as some analysts fear that some countries will have some sort of blackouts. any way you can find many reasons to not buy the Dow Jones, but I think it is a good buy here and a rare one Thank you so much for your support. Check today analysis below⠀ >>“ With confidence, you have won before you have started."
ULong
by TheTradersAvenue
14
GBP/JPY CONTINUES TO STAND LOCKED IN A TRIANGLEAt this point in time, the most important thing to pay attention to is that the area between the ¥149 and the ¥150 level continues to be a major support level and is heavily defended including the 200-EMA. However, each successive high continues to get lower so it does make a certain amount of sense that we may see an attempt to break down below the ¥149 level given enough time. If the price breakthrough the major support zone between the ¥149 and the ¥150 level will kick off a major move to the downside that could send this currency pair all the way down towards the ¥148 level and possibly even that zone doesn’t hold the price it could reach the levels far away on South at ¥145 or ¥142. On the other side, if the price will turn around and take out the ¥152 level, then it is likely that we would see this market go looking towards the ¥153 level or higher the levels around ¥155 - ¥156. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
WHETHER THE EUR/USD IS READY FOR A LOWER LOWEuropean Central Bank President Christine Lagarde noted that inflation expectations do not point to risks of prolonged overshooting, adding that the EU still needs an accommodative monetary policy stance. On the other hand, US Federal Reserve chief Powell said that “it's fair to say” inflation is more concerning than earlier this year, citing supply chain issues. He also repeated that they “have all but met” the test for tapering. On Wednesday, the EU will release the September Economic Sentiment Indicator, foreseen at 116.9, while multiple ECB officials are scheduled to speak throughout the day. EUR/USD traded lower yesterday to hit support once again near the 1.1676 barriers today in Asia. However, it has yet to confirm a forthcoming lower low since August 19th and continues to trade below 200-EMA, more importantly, below the downside resistance line taken from the high of August 2nd. Therefore, the experts' sentiment is that the short-term picture is negative. An apparent dip below 1.1676 will confirm a forthcoming lower low. It may initially target the 1.1600 zones, defined as a support by the lows of the end of last year, the break of which could carry more significant bearish implications. It could allow the bears to shoot for the 1.1400 key psychological area. On the upside, in order to start examining a reversal, the bulls would like to see a break above 1.1900. This will not only confirm a forthcoming higher high on a daily chart, but it may also confirm the break above the aforementioned downside line. The bulls may then get encouraged to climb towards the 1.2000 area or much higher to 1.2200. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
THE BRITISH POUND BOUNCED BACK AND FORMED TRIPPLE BOTTOMThe 200 days EMA continues to attract a lot of attention, including the 1.3700 level, which offers quite a resistance and support in the past. The price bounced back from 1.3600 level and formed a triple bottom on a daily chart, and created a key support level to which traders from all over the world will pay special attention. If the price will turn around and break down below the 1.36 level, it would negate the possibility of the triple bottom, and it would be an extraordinarily negative sign of things to come. At that point, the sellers would almost certainly overwhelm the market, and it is possible to send the pair much lower to 1.3500 or far below to 1.3200. If the price break above the high from the last week and 200-EMA, which stops the price several times, it will activate the attention of buyers. If the market is breaking above the zone 1.3900-1.4000 would undoubtedly open up the possibility of a bigger move to the upside. At that point, the investors would become aggressively long of the pound, and it would be possible to test the previous highs from February and May 2021 at around 1.4250. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
BTC - Will history repeat itself for a 3rd time?The big question is..... will history repeat itself for a 3rd time? If we look at the BTC Daily Chart, at the moment, it looks like BTC is in a massive Descending Triangle, its apex is around October - Dec 2022. For those that don’t know, a Descending Triangle is a Bearish Chart Pattern. BTC needs to CLOSE back ABOVE its Descending Trend-line! If BTC cannot manage this, then BTC will continue to create Lower Highs pushing the price closer to the Horizontal Support Line that is the Base of the Descending Triangle. As we have seen twice before, a break below the Base of the Descending Triangle leads to around a 47% drop for BTC. Now, I am not saying that this is going to happen, but what i am saying is that i know what BTC needs to do to keep it from happening a 3rd time……. which is a successful CLOSE ABOVE the Descending Trend-line, and then the price needs to stay ABOVE it and continue making Higher Highs and Higher Lows. It’s as simple as that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
6
EURJPY: a pinbar where you need one!Yesterday price dropped down below 200 EMA to the support zone. Later, it moved back up again closing above EMA and within the previous candle's range. This pinbar has three supportive factors making it more significant than any other. ► It breached 200 EMA, yet it closed above it confirming the dynamic level to be a support. ► Opened and closed within the previous candle's range => the whole downside momentum was completely absorbed within a single candle. ► Interest rates support the bullish narrative although it is 5 years since they were changed. There is also one contrarian point that should be weighed in. Japanese Yen is usually a currency relied upon in times of uncertainty. I think we've got a lot of that lately. Good luck!
Long
by OrcChieftain
ADAUSD Extremely BullishGood Afternoon traders, We've seen bullish momentum formulate in the last day and it's lead us into a strong ascending wedge pattern on the hourly chart for ADAUSD At the time of publishing, we're currently fighting a resistance zone at $2.75, I believe ADAUSD will break through this for a plethora of reasons: We've regained the 200MA , and if continued upwards, we may see a Golden Cross forming . On the 6th of this month, we saw a Death Cross occur, which coincided with our fall to $2.00, so with the formation of this extremely bullish indicator, I believe we will observe the price become exceedingly bullish We have one day until we see the launch of our Smart Contracts program, which may entice buyers and bring in volatility with volume We also see a very nice ascending wedge forming, of which we've tested support 3 times, and resistance only twice. Based upon these indicators and patterns, I'm waiting for a break in resistance to open a long position, and if BTCUSD can consolodate for this coming week, we will soon see a retest of all time highs! Best of luck to all, Spence
Long
by SpencerIrons
BITCOIN Standing Strong! Hello and welcome to this exclusive update on the current BTC price action. We saw a major drop in BTC price from a $52956 high straight to $42900 low. This drop liquidated many long positions in the market which was not good at all. In a higher time frame (like 1 day), BTC is all in good hands. The 200 Day Moving Average showed a great support level for BTC and it is still holding the price there. BTC must close above this 200 MA and bounce back in order to stay bullish. We also have another strong support at the $42400 level where the recent drop has left a long shadow. If BTC fails to hold the 200 MA then $42400 will be the next support level for BTC. On the other hand, a bounce in BTC will certainly lead the price back to the $50k level which is a psychological level for BTC, and in order to confirm the bull run, BTC must cross this level. Conclusion: 1. Daily close above $46k to $47k is a must. 2. A bounce will once again test the $50k psychological level. 3. Break down below the 200 MA will drop the price till $42400. Well, that's it for the update. If you find this update useful then do hit some likes, share your thoughts in the comment box, and do share. Take care.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
6
$BTC D-Wave 4h chart$BTC 4h chart has locked in the 5 wave pattern at the making of the C wave lower than A wave. The current C wave close being $44671.58 as in Coinbase data. The C wave down have also made the target (1.618 times the 5A move). I am expecting a new 1-5 wave up pattern from here. That expectation would be crushed if we retrace pass the low of wave 4 at $37300.00. A reasonable retrace target (if we do retrace more) would be the 200 period average on the 4 hour. This recent move down is partly due to $ARK reducing exposure to crypto related stock. I am still bullish $BTC from a perspective of swing trading. The analysis is based on TD D-Wave theory by Mr. Tom Demark.
COINBASE:BTCUSDLong
by kidze
Buy USDCHF 75+ pip bulls taking controlThe bears were in control of the market pushing it down 2 levels to support and they failed to break through. We are now seeing them take profits at this zone. Now we might see consolidation with this pair until it breaks the trend line or we could see the bulls rally up and take control. It must reach resistance to continue this move down. I believe overall we are now in a downwards trend but price is oversold on the larger time frames. We are just waiting for the break of the maroon trend line. Right now we saw it form a doji candle and a bullish engulfing but it is not yet past our support/resistance line. The Macd is also showing signs of a reversal and the stochastic. The 200 ema indicates a good zone for us to take profit. We are looking for a bullish candle to enter after it is above the white dashed line, so patience is needed as this make take a few days or a few hours until we see the break of the maroon trend line.
Long
by TheGiovannie