Copper: new bounce on annual support.New bounce on annual support.
Copper bounced back again to the important annual dynamic support.
This raw material is returned back into the price squeeze.
It is priced in dollars, will definitely important to see his reaction to the Fed meeting on November 2 and the US presidential election.
These two events could lead to breakout of the triangular figure, finally providing a directionality to this material.
Squeeze
Bullish & Low RiskWatch for LNTH to make a move back up to past resistance around $9.70, Price has just broken above the resistance line and it is also just above the 50ma which has been acting as a dynamic support for quite some time. Also volume has been increasing, MACD looks like it is soon going to crossover and the Squeeze Momentum indicator is currently bullish.
Momentum Squeeze Play, GSVIncreasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
Wedge Broken Towards UpsideLithium X Energy Corp. has just broken the small wedge it has been forming. The reason I think this trade has a nice upside is because the StochRSI has been showing an oversold level for a while now, the squeeze momentum indicator is showing that squeeze is on, and the stoch is just above the 20MA which it has been respecting.
TSXV Micro-Cap Trend TradePure Energy Minerals has been on an uptrend over the past few months. As you can see on the chart, price has been following a trend line that the stock has recently met again. The price has been respecting the 20MA - 50MA during the uptrend and price is currently positioned right under the 20MA, for me this looks to be an area of value to buy for the next move up. It has just had a very bullish day and the StochRSI has shown it moving up from an oversold level, also the Squeeze Momentum Indicator is showing that the squeeze is currently on and the MACD is about to cross to a bullish signal. Next resistance is around $0.93 and my price target is $1.06
Trade valid until price closes below trend line.
EUR/JPY - Pre-breakout structureVery tight and confined pre-breakout sructure on the 1 hour chart. If we get a breakout to the downside a move towards 111.000 is likely. A breakout to the downside is more likely in my opinion. If we on the other hand get a breakout to the upside we should see a move at least towards 114.500 (red arrows). A conservative play is to wait for the breakout and enter on a retest of the broken structure.
Erickson Inc SwingErickson Inc set up for a swing trade. Reasons shown on the chart, but several other reasons are also the RSI is gaining strength, CCI has moved up over 0, and MACD is showing a buy signal.
EnteroMedics Swing TradeETRM looking like a solid swing trade, Reasons shown on the chart along with a second chart with other reasons linked to this idea.
CAD/CHF HVF 13.5/1 Risk/Reward!!Its been a while since my last posting here on Tradingview, been quite busy, anyway, back to the chart.
We have here an amazing HVF setup on the CAD/CHF 1 hour.. Despite the economic reports out of Canada not meeting expectations we held the critical level for our L2 and if the support holds it is a must buy here for a R/R of 13.5 to 15/1 depending on how risky you want to be about it.
Happy trading
GBPAUD is going down :D... I hope...GBPAUD
well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price away...
Squezze is starting to fall, we have a short aceleration... What else we can ask? Maybe that MA 50 that is like saying "hey dont trusth this dud, go long" but... Naaa, who really cares about that silly MA... (Put some tight stops...) put stops around 1.9913... Or something like that, remember your spread.
Remember if you have a winning position and it goes to a losse position is a mistake that has no forgiveness, please follow your trade with stops and so. This is a daily swing, that could turn into a positioner trade... It might go short for weeks :D
That is what I am aiming for. SELL MY CHILDREN SEELLLLL!!!
Short and Long Trade Filter for Finding Price Extreme PivotsOnly short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower.
The actual entry trigger is one of six things (in order of most importance):
1.) test of major horizontal resistance line
2.) break of a pattern that supports the bias (e.g. M pattern for short; W pattern for long)
3.) test of an hourly, 4 hour, daily, monthly, or yearly pivot (classical pivots) level: S1,S2,S3,R1,R2,R3, etc.
4.) test of a major fibs extension level (1.414, 1.5, 1.618, 2.0, 2.618, 3.0, etc.)
5.) RSI divergence AND a favorable MACD cross
6.) a test of one of the bands under (for long) or over (for short) the thick band - this is a really aggressive entry when used by itself.
The more of #'s 1-6 that happen simultaneously, the higher the probability that price will pivot favorably from that level and the easier it becomes to decide on a logical stop loss (price patterns and horizontal S/R levels give structure to base stop losses from).
This set-up is especially strong when the 400 SMA bands are squeezing. The theory is that the price should, more often than not, explode out of the squeeze on the side that the 80 SMA is in relationship to the 400, or in the direction that the 400 SMA is moving at the time of the squeeze, UNLESS the 80 is near the thick band (within 10% distance between it, the thick band and the 400 SMA). If the 400 bands are squeezing and the 80 SMA is near to touching, or moving outside of, one of the thick bands, then price is more likely to shoot out of the squeeze in the opposite direction.
So this set-up is best used for two things:
1.) finding price extremes, from which price is likely to pivot into decent gains as a counter-trend play, if not getting us in at the start of a new trend altogether.
2.) increasing the odds that we get in on the right side during a long-term price range (400 SMA bollinger band squeeze), on fast moves with high percent gains.
I've only tested this set-up on shorter time frames for SPY, with decent results in back-testing the idea. Whether or not it is useful at longer time-frames and other stocks, forex, etc., is yet to be seen.
BB-KC Squeeze Forming on 1hr S&P500There is currently a strong squeeze building on the S&P500 60min chart. This combined with weakening short, mid, and long term momentum indicators leads to a slightly bullish position. If breakout occurs to the downside expect a strong run to 2075 support level with a breakout to the upside being short lived.
ETHBTC MEGABEAR MARKETBuyers abound and have tried to roll the dice but had no success in moving higher thus far. As a result a squeeze bar popped up offering a good entry for shorts. If theres a leg up fated to fail from the get-go its a flash crash case. I see it as wave 3 of a leg A of a leg Z in a triple zig zag. When the squeeze is over the next impulse down must carry enough weight to drown out the bull noise and send the price to as low as 0.01066666.
Bitcoin guarantees Christmas after the squeeze Bitcoin is in a massive squeeze which will result in a very big move once the price breaks out. The direction is still unclear so I present two scenarios.
This is scenario B: The bullish break-out.
In this scenario the price keeps on moving slowly a bit lower, but then strongly reverses the direction and starts a very big rally towards the end of the year, after the BTC reward halvening (which will happen in about 12 weeks).
P.S. Here is a link to scenario A: The bearish break-out: