Bulls are watching NYSE:MSI (Motorola Solutions Inc) closely. It formed a Weekly Inside Bar, signaling potential consolidation before a breakout. Friday's daily hammer candle hints at bullish momentum building. Bulls could expect more upside next week if momentum continues.
Is NASDAQ:NVDA breaking out of an ascending triangle — often a sign of continued bullish momentum? Volume will be key to confirm this move. I keep an eye on NASDAQ:SMH , the semiconductor ETF, as it's also gaining strength yesterday, after a pullback recently. Are you seeing the same breakout? Let's chat!
I annotated the chart for Arch Resources ($ARCH) and identified several key phases on the chart that indicate important levels. One interesting aspect of the chart that I learned from this analysis is the similarity between the uptrend in the price of the stock and the change in its relative strength. These trends could potentially be useful in informing my...
A retest of breaking of the ice (support) is a possibility to go short according to wyckoff.
Feb20: Todays volume was little higher than yesterday. The FDAX was able to overcome very important resistance levels at 11384 Feb04 / 11383 Oct03. This is short term a bullish behavior. Could we today see a re-test of the 11383/11384 area or a bullish run to 11569/11683? Feb19: The close is mid-range and the volume was low. We can see a little spring above the...
See also the monthly behavior of Gold on Stockcharts Article from Bruce Fraser: schrts.co stockcharts.com
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend. Feb19: The close is mid-range and the volume was low. We can see a little spring above the...
Monday's volume in FDAX was much lower, because the American market was closed because of a holiday. The FDAX was not able to rally above the weekly resistance from Oct08 at 11383. A sell off below 11012 / 10967 is needed to reverse the short term uptrend. RSI (14) is not crossing above 60.
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend.
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend.
We buy a Spring in an Uptrend (Example after a Demand Bar). One Demand Bar could be a confirmation for a short term Uptrend in a 15 Minutes Time Frame Chart.
XLV,XLU,XLY,XLRE,XLK,XLP,XLC,XLF,XLE,XLI,XLB Performance Chart YTD 2018
Example:AUD Futures short trade: Wyckoff Method