us30 bull move evening traders. Trading has been choppy recently with these current markets but is the us30 heading for a bull rally? We have 3 signals in the ichimoku trading strategy triggered, base line and conversion line crossover, green cloud and lagging span above the cloud. Price has also broken the downward trend line and if we close above then we could be seeing a bull rally. Rally targets we would be looking at I would say are 34300 and 35500.
We're still below the cloud on the weekly so it could be a false break and a trap, its hard to dictate in these market conditions.
Trade safe traders.
cheers
shaun.
Ichicloud
Bitcoin (BTC:USD) AB=CD eventual long-term targetShort-term minor retracement likely before continuation.
See my previous posting ( inverse head & shoulders target ):
Loads of bullish accumulation price behavior leading up..
PRISM Oscillators Analysis (see chart below):
Stochs(pRSI) in overbought state.
Snap osc in the negative (pink), which is pulling Acceleration/Jerk ribbon down, which will in turn pull momentum down in the short term.
Acceleration slowing down on the 4hrly
AMPL:BTC long opportunity at 78.6% Fib retracement level.@ 78.6% Fib retracement (~0.000179 BTC)
Green IchiCloud forming.
Higher low set.
Inverse head and shoulder formation emerging again (clearer on the 5min chart).
Have the sell pressure ended?
Buy on confirmation: When AMPL goes above green 50 SMA and holds.
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PRISM Oscillators Set (Momentum/Acceleration Analysis)
pRSI STOCHS in an oversold state (green background)
pRSI entering Bullish phase again, piercing above its 30 VWMA; supported by hidden bullish divergence.
Snap-Osc (yellow) in the positive, pulling AJ-ribbon upwell into the positive, which in turn have pulled the momentum oscillator up back into the positive again.
Looking at the hourly chart:
Looking at the 3 hourly chart:
BTCUSD 7Mar20: Bullish/Bearish ScenariosBullish: Coming down to 8732 USD and bouncing off, establishing a higher local low?
Bearish: Dropping back down to the 50% Fib level @ 8507 USD, and probably will then retest 8732 USD before failing and falling deeper down.
Present course of action?: Wait & watch for next move.
Price likely to drop lower first for both cases. Set stop-loss for bearish case (@ ca. 8675 USD) with the aid of the RCVI Stop-Limit Selector Script.
Fresh PRISM Signals' Buy signal triggered (suggesting an underlying positive acceleration of the momentum increase).
However, need to wait for Cyber Ensemble for technical confirmation -- which actually recently signaled a sell instead.
Clear bullish signs of accumulation present.
However, the actual PRISM acceleration/jerk oscillators look weak.
Significant low reversal earlier triggered on FUSIONGAPS V5
Continued from: