Movingaveragecrossover
EURJPY - W patternHello guys! EURJPY seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe. We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 140.8.
FX:EURJPY OANDA:EURJPY
📉 The "Death Cross" PatternDeath Cross, 5 Key things to watch
The "death cross" is a market chart pattern that occurs when a short-term moving average falls below a long-term moving average,
indicating recent price weakness. It is often studied using the 50-day and 200-day moving averages. The death cross pattern is more reliable
when confirmed by other indicators such as high trading volume or momentum indicators like the MACD.
These indicators can help confirm that a major trend change is occurring.
🟠 The Death Cross (convergence of moving averages) is a strong indication of a sell-off
🟠 If volume increases after the Death Cross, the downward trend is likely to strengthen
🟠 If price is above moving averages, strong volumes may be needed to suggest a turnaround
🟠 If price is below moving averages, the selling pressure is likely to be severe and any upward corrective moves will face strong resistance
🟠 The first sign of selling pressure weakens as moving averages start to turn upward
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DIS - Is the bottom in?It is hard to tell what is really going to happen to disney. The valuation on a fwd PE looks to be reasonably valued as well as a low price to sales ratio. The question really is, are they going to pay down their debt over the upcoming years and will they have the free cash flow to support paying down that debt.
From a purely technical standpoint, it is at the 61.8 retracement level from the 08 lows to the 2021 highs. With price going all the way back to 2014 and at two levels of big support, I think there is good risk/reward for the short term and potentially the long term if this is it's low. I think the big driver moving forward that has to become the dominant player in the space is it's streaming business.
A close below 87 and you can see volume drop off pretty heavily so this baby can fall fast. I will most likely look to short and pick up shares at $65 if that were to happen.
This is not financial advice! Good Luck!
How Bollinger Bands work and their best parametersJust a reminder...
A Bollinger Band resembles a moving cylinder with three lines.
A top, middle and bottom line.
These three lines are plotted on any chart and you’ll see the price of the markets moving in-between these levels.
When the price crossed above the middle line, the trend is up.
When price moves and stays below the middle line, the trend is down.
There are three parts to the Bollinger Bands. Upper, Middle and Lower Bollinger Band.
Here are my parameters…
The length (20) , shows you the Moving Average of the Middle Bollinger Band. Which in this case is 20 MA and is shown in the chart as the orange line…
The Source tells us we are using closing prices in the chart…
That means, when the JSE All Share Index closes for the day – that is the closing price that will be used for the BB.
StdDev is 2… Bollinger Bands are envelopes that base a Standard Deviation above and below a simple moving average of the price.
Because the distance of the bands is based on standard deviation, that’s why we are able to see a symmetrical envelope around the price…
Most Bollinger Bands parameters are set to 20MA and 2 Standard Deviations on most charting platforms.
But now you know what to set it to, to maximise your usage...
If you have any questions about indicators feel free to ask. I've been in the markets since 2003 and enjoy sharing information...
Trade well, live free.
Timon
MATI Trader
My three favourite Moving Averages on any chartI have three Moving Averages that I plot on any market.
7 MA
21 MA
200 MA
Here is the JSE ALSI 40 with the three moving averages.
In the above daily chart of the JSE you can see I’ve plotted the 7MA (Red), 21MA (Blue) and 200MA (Black).
Now I have two simple rules for when the market is in an uptrend or a downtrend.
Downtrend with the three Moving Averages
You know the market is in a downtrend when the price is below the 200 MA.
Also, 200MA is above the 21 Moving Average.
And the 21 MA is above the 7MA.
In other words.
7MA < 21MA < 200MA.
You can see on the left part of the chart where the trend is down (Red arrow).
This tells me that the momentum is bearish and the market is more likely to fall than rise.
I will then avoid buying the market and instead will only look to short (sell) and profit from a falling market.
Then we have the
Uptrend with the three Moving Averages
What tells me the market is in an uptrend is when the price is above the 200 MA.
Also the 7MA is above the 21MA.
And the 21MA is above the 200MA.
You can see on the right part of the chart where the trend turns up (Green arrow).
This tells me that the momentum is bullish and the market is more likely to continue to rise.
I will then only look for longs (buy) the market and avoid shorting or selling the market.
Now you have my favourite 3 Moving Averages in a bag for you to plot on your chart and master the trends.
Trade well, live free.
Timon
MATI Trader
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TUBE INVESTMENTS OF INDIA LTD - Multiple Indicators📊 Script: TIINDIA (TUBE INVESTMENTS OF INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY AUTO / NIFTY 500
📊 Sector: Consumer Discretionary - Automobile and Auto Components
📊 Industry: Auto Components - Auto Components & Equipment's
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2933
🟢 Target 🎯🏆 - 3272
⚠️ Stoploss ☠️🚫 - 2758
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
GBP/JPY Sell setup potential 215 pipsBased on higher timeframe pound yen is forming a downward structure and we can see on H1 And H4 breaking structure to downside , We need to see a clear price retracement to POC level and nice reversal candlestick for confirmation for a downward continuation . look fro nice entry to downside.
Please follow me for more update and comment below
Knowing if a trend is still valid or is beginning to failin the above image you can see, that when all moving averages do not cross or overlap one another, this indicates a strong trend/price sentiment in this direction, even after a major pullback, you'll notice the moving averages still dont cross or overlap.
also on the chart image ive touched upon the very popular 1, 2, 3 trading pattern and highlighted that there's a not so obvious 4 reset wave before the 1, 2, 3 pattern starts again, the trick is check to see if the phase 4 wave causes any of the moving averages to cross/overlap before setting up your 1, 2, 3 move! because if they have crossed or one of them is overlapping the other, this signals the trend is weakening and the market may be looking at beginning a range or and new trend in the opposite direction.
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018.
VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart.
Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe.
VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120.
VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops.
Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD.
Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811.
I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32.
Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe.
So what does all this tell me:
This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level.
Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below.
I hope this is helpful with your trading or hodl-ing.
MANAPPURAM FINANCE LTD - Crossover Trade📊 Script: MANAPPURAM (MANAPPURAM FINANCE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP / NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 116.65
🟢 Target 🎯🏆 - 138
⚠️ Stoploss ☠️🚫 - 106
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
NATIONAL ALUMINIUM COMPANY LTD - SMA Crossover + Double Digit 📊 Script: NATIONALUM (NATIONAL ALUMINIUM COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY MIDCAP
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminium
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 77.95
🟢 Target 🎯🏆 - 88
⚠️ Stoploss ☠️🚫 - 72
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
ADANI ENTERPRISES LIMITED - Volume Breakout + Bullish on Chart📊 Script: ADANIENT (ADANI ENTERPRISES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY NEXT 50
📊 Sector: Commodities Metals & Mining
📊 Industry: Metals & Minerals Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3575.70
🟢 Target 🎯🏆 - 3885
⚠️ Stoploss ☠️🚫 - 3417
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
BTC Short ScalpNew Free Scalp Signal
====================
#BTC/USDT
Exchanges :Binance & Kucoin Futures
SELL LIMIT
Leverage : 10X - 15X
Spot& Future
Entry : 20850$- 20800$
Target 1 : 20700$
Target 2 : 20.650$
Target 3 : 20.550$
Stop loss: 20.950$
Analysis Method: Order Blocks+ Volume profile
Risk/Reward Ratio: 6
SATAN (Desert Eagle)
10.30.2022
Bulls to project first targets.Recent confirmation of leaving the bottom of 40W cycle behind has started fast pace of raise for BTC and other important altcoins.
As drawn on the chart we have got first estimation of local target, mid way of the bull run that has started just now.
By extending moving averages of recently confirmed cycles, we estimated the point where bitcoin should top off and have some retrace before next stage of this 40W.
We estimate the top at 33k by 26th of December along with the top of first 10W cycle.
Of course adding some standard deviation is essential for managing the risk level.
Bitcoin is getting more and more stable along with the influx of huge institutional funds.
It is getting out of being just a speculative asset but a serious instrument so we would not expect some 10k moves but rather a steady up trend.
Then we should see some trace back in January, that would lead us to the proper high of the major 40W cycle somewhere between February and March 23. Precise numbers we can estimate after we top off this first 10W cycle that we are riding now.
Is Bitcoin over?Hello again!
In my last analyses I have accurately predicted Bitcoin's movement and in Dec 2021 stated the bottom is below $20k, somewhere between $18-14k. BTC has dropped to $17.5k and I'm not trying to guess is it the bottom now. Perhaps it is, perhaps we're about to have another one slide, slightly below 18-17k but if nothing spectacular will happen (like idk, tether issues?) I'm not expecting it to drop anywhere lower than $17k atm and all I want is to focus on the bigger picture right now.
So don't look at it as a short-term analysis, rather at a situation that would hopefully happen in next weeks- months.
What I'm trying to show you is moving averages and giant falling wedge that is creating.
MA30 and MA 210 are really close to each other and in all history of BTC they have never crossed! (red and blue lines).
I expect the red line to turn around now and start heading north. To do so BTC has to stop dropping and I believe this is happening right now.
Another thing is this vast falling wedge - a bullish pattern. As I'm watching BTC since 2016 this might be the most respected pattern. I believe it will break up soon and BTC's price will start to recover.
Orange vertical line is the next halving and the green bars I've marked are my predictions for the next months for Bitcoin.
And what do you think?
Share your thoughts please!
Go north!
Tom
CPNG - inverse H&SThe techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok if overall momentum is strong). I will put initial stop loss just slightly below $19 and trail stops up if trade is working out. Take partial profits if it is able to reach around 26.5 (resistance there). Let's see if it works out!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!