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Trendreversal

OGI: Potential for big upsideOn the 1 day chart for OGI my supper guppy indicator has turned green/blue, indicating an uptrend, for the first time since June of 2019. On the 1 week chart you can see that the fast EMA's on my super guppy indicator have turned from orange to grey...When the fast EMA's turn grey during a downtrend it typically indicates that price action could have incoming volatility and suggests that a bounce is currently ongoing. When you consider this in addition to the bullish super guppy signal on the 1 day chart and the strong signal indicated by my GMMA oscillator I think we are going to see some really nice upside.
NASDAQ:OGILong
by LivermoreGrahamDisciple
8
BTC - AT A GLANCE - TRADING IN THE ZONE - D1 - H4 - H1D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post). Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and uncertainty ! In addition, coupled with this doji, there is also a bearish divergence on RSI. Therefore, it looks like, further downside is on the cards ! After this sharp move, the 45000-41000 trading range is very fragile and we can not ruled out to see a mirror effect happening in the coming session (s) which would push the BTC down back towards the form congestion zone of January 41000-42000. Screen shorter time frames to get intermediate signal (s) which will help to validate or invalidate this expected bearish scenario. Important to note that on D1, we are still in a strategic uptrend (see the support trend line in green) and therefore the view expressed here should be seen as a tactical trading approach (countertrend !) Only a clear breakout of the uptrend line support would switch from bullish to bearish in a strategic mode approach ! Scenario 1 (Bullish) : Recovery and breakout of the former high of 48200 and then again sharp acceleration towards 51000 and probably higher (Fib projection) Scenario 2 (Bearish) : Failure to hold above 45'000 (yesterday's intraday low) would put the focus on the 43'000 area (see H4 and H1 comments below) H4 : Downtrend in place. Watch 47'000 on closing period observation; a recovery above that level would, for the time being, neutralise the downside risk. On the downside first level to look is 45'600. A H4 closing below that level would be the first signal confirming an ongoing bearish price action targeting the next support previously mentioned on D1 @ 43000 H1 : Downtrend in place Below all leading indicators ! Watch 44900 as the key pivot point, which is also the top of the clouds support zone and which corroborate the view expressed above on D1 As for H4, only a recovery above 47000 would force to a view reassessment of the expected bearish scenario
BITSTAMP:BTCUSDShort
by Ironman8848
2
It’s 5G telecom stocks timeThe long-term charts of ERIC+NOK+LUMN and XTC index are presented. Notice that since 2009 the three stocks have been underperforming the index while historically overperforming. Probably the historical order of performance will be restored in the coming years. The NYSE Arca North American Telecommunications Index (XTC) is an equal dollar weighted index designed to measure highly-capitalized companies in the North American telecommunications industry. The telecommunications industry in North America includes U.S., Canadian, and Mexican companies that provide telephone, long distance, cellular phone, or other telecommunications related services; supply telecommunications equipment; or which otherwise are involved in the telecommunications industry. Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NASDAQ:ERICLong
by Gnothisafton
FCX - Trend Retracement Reversal (Etoro Portfolio) Since price cross MA30 @June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar). Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction. I have a position, and look for 2R profit. ===================================================================================================================== I will be popular investor in Etoro, take a look of my portfolio and copy me to start the trading journey. My Etoro Profile: www.etoro.com Etoro Registeration Link: etoro.tw
NYSE:FCX
by ginlin84
LUMN’s technical picture on Jan 29The mid- and short-term trend charts are presented. ___ Prompt: New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NYSE:LUMNLong
by Gnothisafton
NOKIA on the run!NOKIA crossed over the 200weeks SMA and is breaking hard long-term resistances with huge volume, changing its long-term trend to rising. Additionally, NOKIA is a very healthy company with good fundamentals. More coming in another post ... Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NYSE:NOKLong
by Gnothisafton
LUMN. If someone wants to bet, this is an extremely safe betYesterday LUMN with an explosive 28% rise decisively broke 30months SMA and closed at $14.59, changing its long-term trend to rising. It should be stressed that the rise was not by a gap but by continuous purchases that led to a volume of 60 M when the average volume of the last 10 days was 6.4 M. That is, the rise was not for unloading but for buying cheap shares, which indicates that it is extremely likely that the rise will continue. The stock was, is and will continue for some time to be an investment opportunity because it is deeply undervalued. Any price retreat must be seen as a huge opportunity to buy. Even after this 28% rise the stocks has 8.78% dividends yield. Following are presented the mid- and short-term trend charts. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NYSE:LUMNLong
by Gnothisafton
1
The time to wake up the stock of giant Sinopharm is nearSinopharm Group is a profitable Chinese state company with 2 covid-19 vaccines (the first is approved in China) with very strong fundamentals (except debt). Sinopharms stock seems to be near the end of a many years correction, ready to reverse its declining trend. Next follows the stocks mid-term trend chart. Disclaimer The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
FWB:X2SLong
by Gnothisafton
It's cheaper now!Do you remember the analysis from the 20th of USDCAD The price dropped and did not allow entry. But that doesn't mean we stop looking at the possibility of getting involved in a trade. Now it is even more profitable, because there is an opportunity to get involved at lower levels and earn more! For this purpose, however, we must see a break again! This time the important level will be 1.2722! In case of a break we expect: 1.2794 1.2869 If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
100 pips at USDCAD after a breakUSDCAD is in a downward trend in all periods. Today we expect the BoC to decide on interest rates. This can be a good opportunity to reverse the H1 trend! To do this, you do not have to enter into a trade in advance (unless you enter into trade without reason). Passing above 1.2768 will allow entry. Crossing the previous peak will confirm the reversal. The initial goal of the rise is to reach 1.2835 and 1.2880! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
BTC - H4 - SECOND SHOOTING STAR !H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the closing lows) as the first significant support line, ahead of the one relying the low of the candles. There is also a double top formation in progress (shooting stars top !) with its trigger level @ 35430 A failure to hold above 35430 would open the door for a target @ 33410 On the upside, in order to neutralise further downside risk, we need to see a recovery above former highs (37450 & 37320) Finally, as long as we stay below the former downtrend line resistance (in red) the trend remains BEARISH ! Currently, in a broad triangle pattern where a breakout should occur over the coming hours, either on the upside or on the downside... Wait and see
BITSTAMP:BTCUSD
by Ironman8848
5
H4 - WARNING - DOJI SHOOTING STAR !!!H4 : Over the last 4 hours, price action triggered a "doji shooting star" which is already the first signal of a potential trend reversal Therefore the next H4 period will be very important to look at. Indeed, a closing price below the closing of the former doji shooting sta$ would confirm this bearish pattern, calling for further downside (watch H1 for intermediate clues) The doji shooting star candlestick is considered one of the most reliable candlestick pattern !!! One of the reasons for this is the unique structure - a opening a closing at the same level with a high upper candlewick !!! In case of confirmation, be ready to fasten your seat belt.
BITSTAMP:BTCUSD
by Ironman8848