Third Week: We are seeing a nice rejection happening near the $44,500 zone, where the last weekly candle closed with nice and good dominance from bears. With that being said, we are seeing the first weakness kick in since October 16th (2 months of straight green candles). Now that the first weak link has accrued, we are seeing a nice start of downward movement,...
We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the...
TSLA has run up over 100% this year in two separate waves. Some traders based on the the magnitude of the current wave say it is overbought? But is it or are they just trying to rationalize a short trade at what they think is the top? Are Jim Cramer and Kathie Wood wrong? On the daily chart of TSLA, I have added a long term volume profile, an anchored...
SPY has had a good run this spring. However, things are changing. Just this week, the debt \ ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is money that will not go into the equities markets. Buying volume on a dollar basis will likely go down as a consequence. On the daily chart with a double Bollinger...
I think everythings gonna keep moving the same way! I mean, AJ might've roc'd me a bit but that 200pip move on gold was saucy! EU did me som justice too. They also BLEW TF UP AGAIN! But, its not about trading all the time, its about trading well often ;) So with that being said, make it do what it do my trading family!! Happy trading <3
Having Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion. I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question. TOP DOWN ANALYSIS APPROACH This makes it easier to know which Direction you want to plan your trade in...
So Es is due for a drop, maybe even a significant correction. But this is tough to call because markets only go up don’t cha’ know? Manipulation is tough to trade but I still take small bites of money on sells. And now think we are at a sell spot possibly. ES has been trading in parallel channel of yellow lines. Also this index is overbought on monthly, weekly...
From overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to...
Stock price and indicator have hidden divergence. Price is lower high, but indicator is higher high Tips: This is forex, not a stock. But the tips should apply as well. 2013 Nov 5, price and stochastic have a hidden divergence. Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold. The divergence is a hidden divergence....
Stock price is lower low, but indicator is higher low. This divergence can be a trading opportunity. Tips: This is forex, not a stock. But the tips should apply as well. 2014 apr 28, price and stochastic have divergence. Stochastic is to value price momentum. Use 8,3,3 as the parameter can wipe out some market noise. The divergence is a regular divergence. Over...
Learn the in’s and outs trading with RSI and MACD Most traders are thrown off with these two indicators when both in use when RSI is resting at or above/below overbought and oversold zones. This explanation will answer most of the similar questions I have been getting This is a 1 hour chart for NZDCAD. Looking at the RSI and MACD indicates a clear sell should...
PLEASE READ THE ENTIRE POST, IT MIGHT JUST SAVE YOU A SOUR INVESTMENT I have been following MRNA for about a month now, and something interesting has happened that not many people know about. On 4 September, news came out that the CMO, the President AND the CEO have sold large if not all of their holdings.* Now the company says that this is no reason to panic....
AUDNZD is on a potential Overbought zone , and it seems the uptrend it's about to finish: double top pattern showed. Divergence shows that price may collapse, and about the Pivot Point Formula, the day has just opened below the daily pivot. Potential coming SELL!
The upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern. I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in...
Using the Williams R% oscillator indicator since July 2019 we can see overbought and oversold states on XRPBTC. Here are two types of vertical lines: greens and orange. The green lines are the moment when the position should have been open and the oranges when it should have been close. The arrows show whether price should have risen or fallen according to the...
ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double...
After a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for...
Metcalfe's Law has been successfully used to value a variety of network effect technologies and businesses, including Facebook and Tencent. Applying Metcalfe's Law to Bitcoin , using "Daily Active Addresses" (DAA) as the "n" value, yields interesting results. Historically, Bitcoin has tracked the Metcalfe Law Fair Price reasonably well. A number of studies have...