M-oscillator
Oil's Well That Ends Well: Riding the Wave "OIL"Oil's technical picture is looking increasingly bullish. A recent bounce off a key support level has formed a compelling inverted head-and-shoulders pattern on lower timeframes. This classic reversal signal, combined with a series of higher highs in recent weeks, points to a strong uptrend in progress. According to my Elliott Wave analysis, we are currently in the impulsive phase, heading towards the 5th wave target of $75.00. This confluence of technical indicators suggests that oil is poised for further gains.
DLTR longDollar Tree, Inc. ( NASDAQ:DLTR ) is a U.S.-based discount variety store chain. It operates under both the Dollar Tree and Family Dollar brands, offering products at affordable prices. The company serves various customer segments, from budget-conscious individuals to those seeking value for everyday items. DLTR has seen growth due to its ability to adapt to economic conditions, supply chain management, and product offerings across its network of thousands of stores.
Expansion of Products: Dollar Tree has been increasing the price of some items beyond its famous $1 price point, up to $5, to accommodate a broader range of products and offset rising costs.
Cost Pressures: The company has faced challenges related to inflation and supply chain issues, which have impacted margins and led to adjustments in product pricing.
Leadership Change: Dollar Tree has brought in new leadership to help manage its Family Dollar brand and address operational inefficiencies.
These moves are part of Dollar Tree’s strategy to stay competitive and adapt to changing consumer demands and economic conditions.
USD/CHF looks heavy despite relentless USD strength The Swiss franc has held up remarkably well this week despite some of the G10 FX moves against the USD.
Sitting in a rising wedge, it was rejected at uptrend resistance on Wednesday, deliver an inverse candle on the daily. The price now finds itself resting on uptrend support and looks heavy. RSI (14) has diverged from price but the bearish signal on momentum has yet to be confirmed by MACD, although the latter also looks toppy.
One short setup would be to sell now or on a break of the uptrend with a stop above Wednesday’s high for protection against reversal. The initial target would be .8617 although, to make the risk-reward stack up, it would be preferable to target the 50-day moving average.
Good luck!
DS
VETUSDT Long Setup Setting / Divergence on the ChartBINANCE:VETUSDT
COINBASE:VETUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
0.2295-0.2352
⚡️TP:
0.2360
0.2405
0.2440
0.2481
🔴SL:
0.2203
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
ACHC buying opportunityNASDAQ:ACHC buying opportunity, imo
Acadia Healthcare Company, Inc. (ACHC) is a provider of behavioral healthcare services, operating inpatient psychiatric facilities, residential treatment centers, outpatient clinics, and therapeutic school-based programs.
Key Information:
Sector: Healthcare (Behavioral Health)
Market Cap: ~$7 billion
Business Focus: Acadia Healthcare specializes in the treatment of mental health and substance use disorders. The company operates facilities across the U.S. and the U.K., offering services such as acute inpatient psychiatric care, residential treatment for adolescents, and addiction recovery programs.
Recent Developments:
Acadia Healthcare has benefited from the growing demand for mental health and addiction treatment services, particularly in the wake of the COVID-19 pandemic, which highlighted the importance of behavioral health services. The company continues to expand its network of facilities and partnerships to meet this demand.
Acadia is seen as a key player in the growing behavioral health market, and the stock could offer growth potential as awareness and need for mental health services increase globally.
1 Hour Squeeze on $AMZN & $QQQ for and EXPLOSIVE move this week!- I like this setup on the 1 hour time frame. Looks very explosive
- Previous week was a Failed2UP Candle (Red week prev. week)
-Bullish candles on daily out to the yearly time frames
-1 Hour Squeeze
-Inside Week
-This setup could lead to weekly break out
US dollar rally faces hurdle as rates unwind stalls at key levelWhether it reflects US economic exceptionalism reducing the need for large-scale rate cuts from the Federal Reserve or improved prospects for Donald Trump winning the US Presidential election, or a combination of both, it’s obvious the US interest rate outlook is dictating direction across FX markets.
Higher US yields are sucking capital from other parts of the world, helping to fuel US dollar strength. With short-dated Treasury futures teetering above a key technical level, what happens next could be highly influential in determining the path for currencies and global borrowing costs as we move towards year-end.
Bitcoin’s bullish break opens door for run to record highsBitcoin’s break of downtrend resistance has opened the door for a run towards the record highs set in March, especially with the price action today suggesting the break will stick.
Even though RSI (14) is nearing overbought territory, both it and MACD continue to offer bullish signals on momentum. One look at historic price patterns also tells you overbought conditions are no impediment for further gains in the near-term.
Rather than buy around these levels, I’m waiting for a potential pullback/retest of the former downtrend before establishing longs, allowing for a tight stop to be placed below for protection.
$70000 would be the initial trade target with $71931.60 and record high the next after that.
Good luck!
DS
GBPUSD - Bullish Divergence - First HH After Bearish RallyFX:GBPUSD has formed the first HH on 1 hour chart after experiencing a bearish rally. Bullish divergence is also present on the chart indicating potential bullish momentum in the upcoming days! Additionally, after forming the HH price found support at 0.5 fib level to support the bullish bias!
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum.
One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum.
Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally.
In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance.
However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place.
As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin.
Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share.
In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
Steel Dynamics: Trendline BrokenSteel Dynamics slid in recent quarters, but now it may be going the other way.
The first pattern on today’s chart is the series of lower highs between April and September. The steelmaker began October by pushing above that falling trendline, which may suggest its intermediate-term decline has ceased.
The rebound also returned STLD back above its 200-day simple moving average. That may be consistent with a longer-term uptrend.
The shares next proceeded to consolidate between roughly $126 and $131. Strong earnings pushed them above that range on Thursday. Will potential buyers look for retests near the top of the recent price zone?
Finally, MACD has remained positive and started expanding again.
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$SPY October 18, 2024AMEX:SPY October 18, 2024
15 Minutes.
One of those flip flop days.
SL was hit.
At the moment below all moving averages in 15 minutes except 200.
At the moment looks like a double top in 15 minutes supported by Eliott oscillator divergence.
I prefer not to trade today.
Bias is downside towards 580 levels.
A Full Scope View of The Magnificent 7Today, we look at the Mag 7 via the following methods.
MAC (Moving Average Channel).
Valuation with Trend.
High Timeframe Divergence.
To summarize, overall, these markets are generally bullish. I outline areas of interest where I will be looking for trades to the long side.
Have a great weekend.
Short EUR/AUD setup looking for retest of 1.6000Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks.
If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection.
The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards.
Good luck!
DS