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SPY Many NotesHey all! Just wanted to give some insight to the SPY for a chance. We definitely are following an Elliot Wave pattern pretty closely and even with tensions US China wise, we are still in Bull Territory. Will it correct soon? We'll have to see if there is a resurgence vs. if there is a vaccine before that occurs. Tuesday will show an area of short Call territory before we really find out which direction SPY will go as it wedges into Holiday territory and Summer positivity. There's also some good info on 2018 comparatively when looking at both crashes and their recovery time. On this chart you'll see that 70 days is my estimate on recovery based on average crash data. Robinhood and a lot of consumer level trading apps have been helping Bulls really push the market up along with the Fed. Why wouldn't you put your stimulus check in the most volatile time of our lifetime? Give a follow so we can grow together? Any comments? Feel free to chat :)
AMEX:SPYLong
by PiersonFinancial
6
"Goody Bag", for Breakout Traders!Price-Congestion is going to mature. After accumulation or distribution process from money-makers, price will move far away from current value which will be result as Breakout. Right identification of Breakout will fill your portfolio but, always require patience. There're lot of traders works when breakout. If you are this type of trader, then ready! Point should be careful while breakout are following: Pin Bar Volume surging with price Gap Invalid candle Last and First of secession etc. Best of luck...!
NYSE:D
by Jay_shree
18
WOW! CHECK OUT MY CUSTOM CODED ALERTS!CHECK OUT MY ALERT SYSTEM! THESE ALERTS ARE PRETTY SPOT ON. READ MY NOTES ON THE SCREEN. I'VE BEEN TRADING OFF AND ON FOR ABOUT 12 YEARS. IT HAS ONLY BEEN IN THE LAST FEW MONTHS AFTER LOSING MY JOB THAT I DECIDED TO GO ALL IN ON STOCKS. I'VE DEVELOPED THIS ALERT SYSTEM IN THE LAST MONTH OR SO AND IT HAS HELPED ME TREMENDOUSLY. I'VE BEEN TRADING OPTIONS MOSTLY SINCE IT HAS BECOME MY FULL-TIME JOB AND THESE ALERTS HAVE BEEN CRUCIAL TO MY SUCCESS SINCE MID-FEBRUARY
NYSE:KOLong
by abow1007
Time to buy SPX500, RSI Divergence, Candle Hammer, Trendline RevSo I'm fairly certain the market will have its first pullback and likely a reversal. Key notes for the reversal - - - - - 1. Check out that Candle wick. It reached that Purple trendline and immediately retreated indicating that big players have taken their bullish positions. At the end of that candle close, it will show a very clear hammer candle . 2. Look at the Divergence between the RSI and price charts. The Divergence is indicated by the Green(RSI) and Red (Price Chart) Trendlines. RSI is making Higher Lowes while Price chart is making Lower Lows indicating a loss in momentum and a reversal . On top of that RSI is beginning to build an RSI Trendline indicated by the same Green trendline. 3. Price has reached the Lower Purple trendline that has supported price since June 2019 along with August 2019, and October 2019.
OANDA:SPX500USDLong
by CrisBarr96
Bitcoin's January Candle Means BusinessIt looks like Bitcoin has turned it's thrusters on! I'm sure you stare at these charts as much as I do. You KNOW how Bitcoin is. It came down to the parabolic adoption floor and we're witnessing a huge bounce in January so far. This candle means business! Just look at my recent analysis regarding the bottoming patterns of Bitcoin. I found so. many. patterns. It's unreal. Like taking candy from a baby. I called it because of all of the evidence that I saw that no one else was talking about or doesn't give it enough weight. Why does anyone worry about the short time frames on the most parabolic asset in human history? The market insiders are able to use our FOMO to pump the price and then sell at retail levels. It will keep happening. And along the way they absolutely chop traders up. Look at the wicks on small time frames. It's unreal how much shenanigans the Insiders play on traders. They brought the price down to wholesale levels when every trader is shaking in their boots thinking the price is going to go lower but it didn't because they risk selling into too much buy pressure and losing precious coins they need to sell later. They "fill their warehouse" near the adoption trend line and then pump the price to sell at "retail levels". Those are the bubbles. They are partially natural and partially manipulated as waves of adoption take place. Make no mistake, Bitcoin has been in a bull run since it's inception. I mean, LOOK AT THE PRICE ACTOIN! ANYONE ELSE SEE NOTHING BUT STRAIGHT UP, REALLY? That green adoption line is the single most important trend in Bitcoin and it is poised to rocket STRAIGHT UPWARD INTO THE STRATOSPHERE. They are accumulating now and will soon drive the price up higher. Look at this month's candle, man! The engines are just getting heated up! Peace, Love, & Crypo, B166ER PS: I'm glad I switched to position trading. You can't lose. Even swing trading is treacherous in these waters. It's so brutal. Almost everyone loses their money. Good luck to anyone fighting that battle.
KRAKEN:BTCUSDLong
by B166ERcrypto
1
HOW TO FIND CHEAP ENTRY SIGNAL FOR RISKRETURN LIKE 1:10 AND MOREHI BIG PLAYERS, in this tutorial I want educate you my experience, how to find really cheap entry for trading. In this example it was possible to take part on a 1:10 trade. It means for 1 USD investment you could take 10 USD return (Risk-Return-Ratio => RRR). ///////////////////////////////////////////////////// E X A M P L E F O R A B U L L I S H T R E N D ///////////////////////////////////////////////////// At the beginning we are looking for an oscillator, that shows us an oversold area and in the same time a bullish trend with higher and faster EMA than a slower EMA on the chart. This is possible with a slow EMA(close, 200) and a fast EMA(close, 50) and a RSI(close, 14).... => this is for example my way to find it on the Forex Screener from TradingView at fast as possible. I developed a similar structure with more quality signals with my candle oscillator indicator. Named: CO 'I. This indicator allows to see the candle between a range und works at well like the RSI oscillator with 30% and 70% oversold and overbought area. The most positive on this indicator, you don't only see the closing relating price - you see almost more: open, high and low. Furthermore, I found out that if the body of a candle goes into the range between 30-70% and this is the same trenddirection in the chart, then it was to 90% the lowest/highest bar or 3+ bars nearby them. So back to my education: My main view starts on 4H Chart. In this example I found on EUR/JPY a bullish trendfilter with the EMA's and a oversold area on my OC 'I (the wick of the candle was touching the 30% line) - it's only necessary that a touching of the candle is true. NEXT STEP: After this bullish signal it is necessary to zoom in the lower timeframe. Here I choosed the 1H Chart and had to wait till the body of the OC 'I also touched the 30% line and of course wait till the candle is finished. It don't depend how much the body touch the 30% line - but it's necessary that the body is touching. In addition, a bullish divergence was built (looking to blue lines). After the first touching I go into a lower timeframe again. The 15H-Chart was choosed for this example. Hereby the same game: waiting till the body is touching the 30% line. NOTE: furthermore, if I going into the lower timeframe and the body is already touching - then you don't need to wait for the relase into the range and back to touching again the 30% line. The 15MIN Chart is the last timeframe. Now we wait till the body goes up and don't touch any line. This is my signal to buy. My exit depends always how the market flow are: in this case it was a big uptrend and a adapting correction wave (this is mostly the time for divergence and this why I set a takeprofit on this high). With this approuch it was possible to catch a 1:10 trade. Kind regards NXT2017
Education
by NXT2017
EURUSD Important Support Zone NearHi guys, this is my analysis about OANDA:EURUSD . At the moment the price is moving to an important support zone between 1.0005 and 1.09887 inside a falling channel. This zone is very important because already acted well as support but also because in it there is the 0.382 Fibonacci level (at 1.09933). The possible scenarios for this trade are two: Long with a rejection candle in the support zone with take profit at 1.10874 or use the falling channel trendline touch as trailing stop if you see some rejection; Short at the retest of the support zone that has been broked with take profit at 1.08912. Follow me for other analysis and if you have any question or suggestion let me know commenting below. Thanks for reading.
by AndreaStimoli
Is Silver Ready for a Bounce up ??Silver FOREXCOM:XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week. Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week. USLV , a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold. May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
OANDA:XAGUSDLong
by kloponline
More downside if Btc closes 1 day candle as bearish engulfing.30 minutes or so left in the 1 day candle and we can see it still looks very likely we will close as a bearish engulfing candle. If this occurs it is highly probable that we will see considerably steeper downside to price action. Currently, we have already had a bit of a rebound after correcting 26% but odds are good this will be a dead cat bounce and the full correction will be closer to 31-41%. Let's also remember there are gap ups that need filled on the cmes future chart some even as low as 8500 or so. So I believing before this correction is through we will see a test of the 1 day 50ma. Last thing to mention is the weekly candle(not shown here) may very likely close as a big reversal hammer or possibly even close red. Currently the weekly candle shows that we had a clear blow off top. I expect bull momentum to resume shortly after the correction hits more than 41 percent and I expect it to do so with a level of insane volume that we haven't yet seen his entire bull run. Strap in and enjoy the ride wise to buy any and all dips after we cross the 31 percent correction threshhold imo. Of course as always though this is no financial advice.
COINBASE:BTCUSDShort
by DrDovetail