Eemani
JMIA ... CUP and Handle patteran and pocketpivots found on Hfor JMIA , I see CUP and Handle pattern on Hourly chart. Also found ocket pivots for 2 days. (see those cnadles highlighted in yellow color) ... That means volume is increasing , you have CUP and Handle pattern ... once it breaks the resitance line ... It will go up further ...
See the explanation on the chart ... Let me know your comments ...
Warning
This is not finnacial advise ... for trading decissions please do your own research
Bullish divergence on SPY hourly chartHourly chart ...
SPY price is moving downwards(1) , however stochsatic is not registering that ... rather it is going up ... This is bullish divergence
wait for a confirmation like price close above that blue line (dsma 40) as a green candle (i.e close > open ) or wait stochastic pull further above 30 line ...
On Jan 5th also I have found and published the bullish divergence in SPY ... see what happened next price went up ... (see the previous link below )
Improve the entries on VWAP and RSI strategyI have noticed that some trades missed in VWAP and RSI strategy. To improve the entries and add more you can add divergence indicator and set the source of it to vwap. change the settings to 5 , 3, 3
when the price is trending below 200 line , then look for Divergence indication and buy when price closes above VWAP. In the above screen you see divergence at 1 . when it appears you are already 3 bars ahead of it. That is OK , buy when price above vwap. You can exit when RSI reaches above 70 80 or wait for cross down 70 or 80. That will greatly improve the performance
BABA for Long positionLook at the BABA setup on hourly chart, it looks nice for Long setup
1 & 2 : divergence ... price is going down but vwma slope is going up
3 : vwma slope broke previous pivots trend line
4: once slope broke above (3) , price gapped up
Let me know what you think about this setup ...