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M-oscillator

How to tell if a Head & Shoulders pattern is voidThere’s been a number of messages today informing me of the lower time frame head and shoulders pattern. Traders are sometimes caught out with falsely identified head and shoulders patterns, and then the market runs in the opposite direction of that expected as the error is realised causing a energetic surge in price action as traders closes short positions. How do you identify valid from void? The last lower time frame (12hr examples used here) head and shoulders pattern printed in March 2022. There was a couple of leading indications this neckline would confirm as resistance at the time of the breakout: 1) RSI confirmed failed support (black circle) 2) Stochastic RSI is crossing down 80. Very bearish. 12hr head and shoulder March 2022 Now lets look above on the current 12hr chart (main chart) 1) RSI resistance is failing, a breakout is evident. 2) Stochastic RSI is crossing up not down! Very bullish. There you have it. While many traders identify the price action of a head and shoulders pattern in isolation it is an expensive error to ignore what the oscillators are doing at the time of the print. In almost all of the ideas published by Without Worries, if you look udder the main chart idea you’ll notice “Oscillators” as one of the selected indicators for use in the study. Now you know why! Ww
INDEX:BTCUSDEducation
by without_worries
21
StaFi (FIS) - bullish divergenceOn the above 2-day chart price action has corrected 70% since February. A number of reasons now exist to consider a long position.. Firstly, was asked about my thoughts on this one. It is bullish. Here’s why: 1) Price action and RSI resistance breakouts. 2) Regular AND hidden bullish divergence, don’t often see that. 10 oscillators are currently printing positive divergence with price action. Latterly hidden bullish divergence is printing as 1) price action prints a higher low and 2) stochastic RSI prints a lower low. 3) Support and resistance. Look left, blue circles. Price action is on strong support. 4) The bull flag breakout. The flagpole measures a 220% return from current levels. Sound good? Is it possible price action continues to fall? Sure. Is it probable? no. Ww Type: trade Risk: <2% Timeframe for long: act now Return: 2x
Long
by without_worries
14
Dimitra (DMTR) - 40x opportunity** warning - low market capital $10m - high risk ** Happy with the risk? Read on… On the above 2-day USD (left) and DMTR / BTC charts price action has corrected 90% since late September. Now is an excellent time to be bullish. Why? 1) The ‘Incredible buy’ signal prints on both pairs. 2) RSI resistance breakout on the dollar chart and with confirmed RSI trend reversal on the BTC pair. Excellent. 3) Regular bullish divergence. Lots of it. Both charts have multiple oscillators printing bullish divergence. 4) Volume. I don’t know why, since late January lots of volume. Someone knows something I don’t. Although the 1-year of data I would normally like to see is not available, the project seems rather interesting. A number of blockchain solutions disrupting farming economics. From their site: “The platform integrates a series of advanced technologies that provide farmers with actionable data that fundamentally improves their operations across several financial and sustainability metrics.” Is it possible price action falls further? For sure. Is it probable? Very unlikely. Remember, 3-6 months at least, patience is required! Good luck, Ww
Long
by without_worries
29
VYNE, going upward after a congestion areaAfter a downward breakout on the support, the price went to the lowest lower of 1.67. However, buyers went strong and rise the price. During almost 1 month, the price was in a congestion area, and sellers try again to break the support, and they failed with strongers buyers, making a three white soldiers, and crossing the congestion area. This area was crossed and ended with a doji, and a day after the price opened above almost 5%. We can see the strenght of ADX increasing as well as DMI+, and the opposite for DMI- that is decreasing. We can also see that after the breakout, the price comes again to a 10-EMA, that was the top of the congestion area. The volume increased a lot during the breakout of the congestion area.
NASDAQ:VYNELong
by AFCapital21
CADJPY Update: Buying Opportunity IdentifiedTrade Setup: Pair: CADJPY Entry: Buy Limit at 111.16 Initial Stop-Loss: 110.84 Risk Exposure: 32 pips Analysis: Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market. Trade Management: - Buy Limit: Set at 111.16 to enter the market at a favorable price. - Stop-Loss: Positioned at 110.84 to manage risk exposure. - Risk Comparison: By using a Buy Limit, I'm limiting my risk to 32 pips, compared to traders entering at the current market price, who face 48 pips of risk. Risk Management: - Always prioritize risk management to protect capital. - Adjust position sizes to align with risk tolerance and trading strategy. Your Thoughts? Are you also eyeing CADJPY for a buying opportunity? Share your insights and trading strategies in the comments below! 👍 Like if you found this update helpful! Stay tuned for more trade ideas and analysis. Trading involves risk, so be sure to conduct your own analysis before making any decisions.
Long
by RaynLim
✴️ Tariq Glass Entering New Long-Term Bull-MarketTariq Glass is currently maintaining its support level at 98 for the past week, representing a 38.2% Fibonacci retracement from the 106 level. Additionally, the stock has reached the breakout level of a descending trend line, signaling a robust bullish breakout. Furthermore, it has surged above the EMA50 indicator in the ongoing session. Consideration of long positions is advisable within the range of 100-98. Following the breakout from the trend line, the initial target is positioned at 104, with a secondary target at 106. Conversely, in the event of a downside breakout, employing a stop-loss strategy at 95 is recommended to mitigate risk exposure.
PSX:TGLLong
by mbaberhanif
Potential XMR trading OpportunitiesRight now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the chart. Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
KRAKEN:XMRUSDLong
by seanfrancispotempa
MNY a penny stock from Asia catching some buying volume LONGMNY is a penny stock from Singapore on NASDAQ. With its volume and volatility spiking and a 90 % jump in the past month. It got my attention. For penny stocks and NASDAQ requirements, getting over $ 1.00 is important for several reasons. MNY did it well. I will take a small position in this risky play expecting a great return over the near and intermediate term. If you like PYPL SQ or SOFI but need something with some better volatility to get try to capture some quicker profits this might fit your need.
NASDAQ:MNYLong
by AwesomeAvani
GrowGeneration CorpOn the above 9-day chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including: 1) You know why.. 2) Price action and RSI resistance breakouts. 3) Price action prints a double with higher lows in RSI. 4) Strong bullish divergence. Lots of it. 5) No stock splits. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe: Will say elsewhere Return: No idea Stop loss: Will say elsewhere
NASDAQ:GRWGLong
by without_worries
5
OIl Buy The Dips, Sell the RipsCrude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level based on the Oct - Dec 23 downdraft . . . so, we will be watching to see if we get support at 79.25 and then do we make a move back to highs at 83.22? That may be the trade in oil.
NYMEX:CL1!
by CeresTrader
1
Bitcoin to $51kOn the above daily chart price action has enjoyed a powerful upside move. A number of reasons now exist to be short: 1) Failed Relative Strength Index (RSI) support. 2) Failed Money Flow Index (MFI) support. Smart money is exiting. 3) Price action has exited the Bollinger Band. (Green circles). 95% of price action trades around the mean (black line) inside the band. That is a 13% correction away. Is it possible price action continues higher? Sure. Is it probable? No. Ww Type: Short trade Risk: You decide Entry: 64k if you can get it. Return: You decide
INDEX:BTCUSDShort
by without_worries
120
NULSOn the above 3-day chart price action has corrected 90% since the sell signal (not shown) at $1.40 after a 500% run from the previous idea. Now is an excellent long moment. Why? 1) Strong buy signal (not shown) 2) Price action resistance breakout with confirmation of support. 3) Bullish hidden divergence. Often I talk about regular bullish divergence. Hidden divergence is the more powerful cousin. This occurs when oscillators prints a lower low as price action prints a higher high. 4) Price action on this chart has a very predictable target following the breakout of .. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: Will say elsewhere
Long
by without_worries
SILVERHere is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times since 2017 (see picture). It's important to emphasize that while past performance does not ensure future outcomes, recognizing historical patterns can aid decision-making. It is crucial to exercise patience and prioritize waiting for confirmation of a trend reversal rather than hastily entering or exiting positions based on speculative impulses. In this context, it is highly significant to highlight the importance of monitoring key levels on the price chart, such as overbought and oversold positions indicated by the blue arrows in both the Slow Trend and Fast Trend indicators. With this clarified, we now await developments in the upcoming week: either a continued upward trajectory for a while longer or confirmation of a reversal It's challenging to envision a third option.
CAPITALCOM:SILVER
by MaceMaddox
Silver Fails At Top of Range . . . Now what?Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust gold to go higher if Silver doesn't make a new high here. Silver lost it's embedded reading of the past 4 days. Big test for silver is 24.21, the BB midpoint, and the bull fibs from lows. that 23.55 level was resistance and the fact that it's the 61.8% line and support could be very key to support here. IMO, that would be a good place be a buyer for silver.
COMEX:SI1!
by CeresTrader