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200sma

VELO RSI looks beautiful VELO looks beautiful on all higher time frames. I especially like 3D RSI, which is setting up nicely, but needs to stay above 50 level. 12H and D1 look great as well...both RSI position and market structure. I first want to see what happens when price breaks above the previous highs marked with the blue horizontal line. Ideally I would like to long the restes of the broken level and a retest of 12H 200 EMA and SMA. Another option would be to simply go in with a starter position once the level breaks. I would preferer option 1. Let see what we get Happy trading
Long
by Retrace_all_gains
WTICOUSD: Ranging at the 200-Week SMAMy overall sentiment for Oil remains Bearish, though my midterm sentiment has been Bullish, as I think WTICOUSD needs to come back up to revisit some of the highs above 100 and face one last rejection from those levels before I will be fully convinced of oil making significantly lower lows. For the time being, Oil has dumped below last week's range but is now sitting at the 200-week SMA and at the old 50% retrace which could be where this Bearish Shark starts to act as a Bullish 5-0 which would demand an attempt of a Higher High. I think that it could attempt to hold out here as the RSI is oversold and the MACD is printing potential Hidden Bullish Divergence. My first target for oil, if this level holds is up, is at around $80, then $100, then $114, then $140-155. I will be looking for signs of weakness to potentially take profits at all of those levels on the way up. In the meantime, I will look at Oil Related Stocks: BP, BPT, DVN, IMPP and a few more. The XLE and XOP Exchange Traded Funds may provide a more general way to get exposure.
OANDA:WTICOUSDLong
by RizeSenpai
6
USDCAD: Trading at a Potential Support LevelUSDCAD broke above resistance a few weeks ago and has now pulled back towards the zone. If the level holds, then we could say that it has confirmed it as new Support. The 200 SMA is also here now, which may provide further support for this level. If this level proves itself to be bullish, I'd expect USDCAD to make its way up to about 1.39-1.40 during the short–midterm. On the higher timeframes the CAD looks set up to underperform most of the Major G10 Currencies
Long
by RizeSenpai
GBP/USD Short Trading OpportunityGBP/USD Short Trading Opportunity 1. The price is below Trend Magic Indicator. 2. US Dollar Index DXY yesterday broke the level and the uptrend continues. 3. RSI indicates more downtrend power. 4. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line TP1 - on the 200-SMA TP2 - 1.2320 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
1
EUR/USD: Entering Into A Bear MarketEUR/USD reversed its direction and fell below 1.0800, reaching 1.0775, the lowest level in a week and closed under 200-SMA. Following an initial negative reaction to NFP data, the US Dollar experienced a significant rally and is maintaining its strength towards the end of the week. WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL The price closed under 200-Day Simple Moving Average The price is below Trend Magic Indicator and shows future bearish trend signal IG Client Sentiment shows strong bearish signal, because 72% of retail traders have open net long positions We have to Stop-loss or Take-profit when the price close above the Trend Magic Indicator!
Short
by ForexWithTsanev
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
NYSE:SLBShort
by thessia_
2
Significant Moving Averages positions in the S&P500 weekly chartThe 200-SMA of a weekly chart is probably the main indicator of a secular bull market. It's almost never breakdown, except if a crash happens, and then prices usually come back quickly to the uptrend. Or, the other situation, when an extended bear market begins, and in that case, prices will remain under this MA for a while and the battle around it lasts longer. A common pattern that happens in the first several months of a bear is that the prices meet the weekly 200-SMA, they then pullback to the 50-SMA and, after that, we finally have the breakdown of the 200-SMA. This can be noticed in some previous bears, like in 2001, 2008 and in the 1970s. If we take a careful look at the present S&P500 weekly chart, we will see that this pattern has being built in the last months. Prices did approach the 200-SMA, they then did a pullback to the 50-SMA, and now they're facing difficulty to resume the uptrend, the 4200 level is being almost a Great Wall, not to mention that the yield curve has been inverted for 10 months now (this usually predicts a recession within 6 to 18 months). I think that the bear move is the most probable outcome for the next months. So, for that, I consider that we're now at an excellent point to start trading a major bear move. It is important to try to catch the beginning of such a move so we can collect the greatest possible asymmetry. That’s why in the next few days/weeks I will be very attentive to bearish trading signals in the stocks, and, of course, I will post here any trades that I do. PS: An spoiler: I’m feeling the energy sector (XOM, CVX) has the potential to give us bears a lot of joy. But that is yet to be confirmed.
SP:SPXShort
by thessia_
DXYHey everyone waaaSUP, so here is another idea on the DXY. 1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00 This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump. There is probability of breaking out but we will see. Stoch Rsi is curling down for a retrace, i reckon wont reach no where near the bottom bounce up then drop. MACD looks like it wants to roll over. Peace and love everyone
CAPITALCOM:DXY
by Crypto_SUP_Surfer
SPX facing resistance to keep falling - a new doubt levelI'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and congestions. On March 13th, prices reached the region of the last bottom and a massive buying volume showed up sustaining the market upper from that level. This drove us to where we are now, pulling back to the 200-SMA, and this famous average is now giving us a new make or break setup. The next days movements will probably drive the direction of the market for the next few weeks, and that could be either bearish or bullish. I would prefer if this was a bearish movement, along with the trend, that tends to make a more straighforward path and with a longer target (I estimate a gain around 10 to 15%, counting from last week close). Any set of black candles would point this way. On the other hand, some white candles, specially with a good volume, would point to the bullish or congestion case. But I believe that it would be a counter trend movement, barely reaching the previous top region (with a posssible return of 6% to 9%) - of course I can be wrong, but then we re-evalute the scenario if the top if reached. I don't know if I will trade the bull case, because I think this would be a more short-term situation. But for the bear case, I'm keeping open my bearish position that targets the next few months.
SP:SPX
by thessia_
Possible beginning of a new bearish leg for SPXSummary: Main bearish trend (dotted teal downtrend line) Reversal attempt in progress (purple uptrend line) 200-SMA breakout in jan-2023 Failure to continue the breakout (failed bull flag - orange lines) Arrow #3 as a good entry option for a bear trade. Possible beginning of a new bearish leg, aligned with the main trend Possibility to surpass the last low (oct-13-2022). Set target @3,330.00. Timeframe expected: 3 to 4 months. Detailed explanation: 2022 was a very bearish year for stock markets, and prices have navigated under the 200-days simple moving average (200-SMA) for the most part of the year. On the other hand, the first months of 2023 had some attempts of breakout to this widely known indicator. By December, 2022, prices tried to break-up the 200-SMA, but failed, then pulled back and tried a new breakout in January, 2023, that succeeded and provided some hope for a reversal. Arrow #1 is signaling the top of this bullish leg. After this, prices developed a little bull flag (orange lines) , near a resistance level. I have been closely following the price movement on this flag, to try to catch a trading opportunity, bullish or bearish. The bullish case was the most evident, and would happen with the breakout of the flag, confirming the continuation of the main trend reversal. But if it didn’t come true, prices could continue on a longer range or even breakdown the 200-SMA, providing, hence, a bearish trade. It turned out that the second case is being developed. On February 21st the bull flag was undone, by a very bearish -2% candle, then some days passed and the 200-SMA offered a support for the prices, this movement came along with some doubt candles (tiny ranges, long wicks), their in the area near arrow #2. This arrow points specifically to a bullish engulfing candle, that signaled a possible return of the bull and that the 200-SMA would indeed sustain the prices. After that, a bullish candle confirmed the engulfing pattern, and I considered that now it was a “make or break” situation, that either had to continue with strong buyings or finally give away and return to the main bearish trend (dotted teal downtrend line) . The second scenario happened, with a classical shooting star candle denoting a top, indicated by arrow #3 and followed by a relevant -1.53% bearish candle. I consider it can turn out to be the beginning of a new bearish leg in favor of the main market trend. If it breakdown the 200-SMA (and the previous bottom, of arrow #2) we will probably be full gas back to the bearish trend, reverting that secondary bullish trend indicated by the purple line. Predicting the future is impossible, but trading is a probability game, and to my criteria the odds are high enough to make a bet now. So, I started a trade yesterday near the market close. The stop zone is a little above the high of the shooting star candle of mar-06-2023, and my target is @3,300.00, I chose this number considering that this is a movement with the main trend, and that the last low (oct-13-2022) is usually surpassed in this kind of situation. PS: I know there’s a whole FED policy/interest rates discussion going on, and that it provides much of the ultimate reasons for the market movements I described, but I will stick to technical analysis here and to the principle that the chart sums it all up, hence I considered only price patterns in my analysis.
SP:SPXShort
by thessia_
1
Dollar bull market over? Or best buying opportunity in a year?It's been 380 days of nothing but blue skies and uptrends for the US Dollar. However, starting in September the character of this uptrend started to shift shapes with large range down days and a series of lower highs. Now here we find ourselves 9% from highs and breaking below the 200SMA for the first time in over a year. What's your bet — the best days for the Dollar are behind us, or is this one of the best buying opportunities in a very long time? I tend to think the latter, but it could take some more time/pain.
TVC:DXY
by EvanMedeiros
1
Special moment for Bitcoin as it touches 21KIn the last years, BTC touched the 200 SMA on weekly charts three times. During the COVID crash, it also plunged to the 300 SMA. Will history repeat this time? 300 SMA on weekly sitting on 16K or more -23% to go...to hell and back together let's see what happens in the next hours or days. RSI is extremely oversold, even more than Hash Wars 2019 crash. The bottom might be near, but BTC pegged to Nasdaq in an awful moment, making it unpredictable.
BITSTAMP:BTCUSD
by bgullis