Consistent_Trades

Consistent_Trades Updated 

DELL daily - is inside of a symmetrical triangle below BigRed (200 days MA) which is bearish. It's found resistance at BigRed the last 4 times and got rejected which is also bearish. Volume is neutral to bearish because the start of this leg up was on weaker volume. Price is coiling between/inside/around 8, 20, and 50 days MA which indicates that DELL will soon...

Consistent_Trades

LLY daily - is in the bull flag which could be nice and could be bullish if the price breaks out through the upper blue dotted line. Volume decreased last two days which is bearish because the price went up at a lower volume. Price is moving around 8, 20, and 50 days MA which could indicate a strong move pretty soon. RSI is neutral. MACD histogram tick is...

Consistent_Trades

EURUSD is trending up in a nice up channel. The RSI is in overbought territory, which indicates a likely decline, and in addition, there are visible bearish divergences between price of EURUSD and relative strength, which is bearish. The MACD histogram is ticking up while the MACD line has crossed the signal line, which indicates up/bullish momentum. However, at...

Consistent_Trades

DXY daily - is in a large down channel . On January 12, it broke through a very strong trend line , which has been acting as support since June 2021 and as such represents a very strong support. That breakout is a very bearish indicator. The RSI is in oversold territory, which indicates that there could/should be an increase in the price. The RSI shows several...

Consistent_Trades Updated 

The QQQ is at support - a horizontal line that has successfully bounced off forth times which is bullish. Friday finished strong up days closing above 8 MA which is bullish. QQQ is below MAs (20,50,200) which is bearish. The volume is higher which confirmed a bullish move on Friday - more bullish than bearish. RSI is moving up which is bullish. MACD histogram...

Consistent_Trades Updated 

SPY's daily close indicated a very strong bullish move. Day finished above 8 and 20 days MA which is bullish. SPY daily close below 50 days MA/it acts as resistance which is a sign of a stronger support area above. SPY is around its 8, 20, and 50 days MA which could be a sign of a stronger move pretty soon. Volume confirmed price action as it was higher than...

Consistent_Trades Updated 

BTCUSD is bouncing around the lower trend line for a rising vedge pattern while at the same time, the bitcoin volatility index is at almost ATL which indicates a strong and powerful move. The volume is neutral to bearish due to the smaller and smaller volume . The RSI is in a neutral position. MACD histogram ticks are slowing their increase while MACD and signal...

Consistent_Trades

Ethereum daily - ethereum is breaking out of a large symmetrical triangle, which would be very bullish if Ethereum is in the up leg. It is indicative of several things that do not give importance to that breakthrough at the moment of writing. Ethereum is breaking out on low volume, and is below BiGRed (200 day MA). The RSI is in an overbought area which could...

Consistent_Trades

WRB daily - is in a nice and big symmetrical triangle after leg up which is very bullish. Volume is lower which indicates there is no seller at the moment and the price consolidates at that level which is also bullish. RSI is neutral. MACD histogram ticks start green while the MACD line is trying to move above the signal line which is bullish. Overall:...

Consistent_Trades

On weekly, TSLA is in the huge down channel. It broke below BigRed (200 MA). Last two weeks it formed a bullish reversal candle called Hammer. Hammer was formed at the support line from the 2020 low and high which could be very bullish. TSLA week start with a gapped down, which continue to drop most of the week, but on Friday it found a lot of buyers, likely...

Consistent_Trades

Weekly, 4 weeks ago AAPL broke a major symmetrical triangle with increased volume which indicates we are on a longer-term downtrend. Last two weeks AAPL formed a Bullish reversal pattern called Hammer. It could indicate a short-term up move towards 8 and 20 weeks MA and a blue falling trend line which all will surely act as strong resistance. Volume indicates...

Consistent_Trades

QQQ weekly - very interesting situation. 3 weeks ago we break out of the symmetrical triangle which is very bearish. Last 2 weeks we hammered up for now, but we are still below that blue trend line which connects COVID low, and two times in October 2022 and therefore represent a very powerful trend line. Price action is on lower volume which is more bearish than...

Consistent_Trades

SPY weekly - week starts with a gap up and then drops almost a whole week, but on Friday buyers came in and buy SPY out and the week finished strong closing above 8 and 20 weeks MA which is bullish. Increased weekly volume confirmed price action. RSI is neutral. MACD histogram tick had slower fall so could indicate further move-up. Both the MACD line and signal...

Consistent_Trades

On the weekly candle, we got two irregular Doji candles that could indicate indecision in the market. It's often happened we will get another one but with an upper shadow this week. Meaning, we could start the week pretty bullish but end the week down. That would form a bearish opportunity for the rest of the month. In the last 2 weeks SPY has had lower volume...

Consistent_Trades

TSLA is in a very strong decline/down trend. Dec 27 touched the bottom. It is below the MA (8, 20, 50 and 200) which is bearish . Volume indicates a strong price capitulation and a likely bottom (temporary or permanent) which is bullish . RSI is extremely oversold which is bullish . MACD has a positive tick and is also oversold which is bullish . This strong...

Consistent_Trades

AAPL was in a large symmetrical triangle that it broke on Dec. 16. On 21 Dec AAPL retested that symmetrical triangle, lower trend line (blue), 8 MA and failed. It is below the MA (8, 20, 50 and 200) which is bearish . It is far from the 20 MA (green), which indicates that it is possible to be slightly oversold. RSI was oversold on Dec 28 , which is more...

Consistent_Trades

BTCUSD is below the trend line, i.e. it has broken through a very bearish pattern called Rising wedge or Bear flag. The volume is neutral. The RSI is in a neutral position - which, given the broken formation, is bearish. MACD is neutral to bearish. Assessment: BTCUSD has a lot of room to fall to the lower trend line and support. In the event of a further...

Consistent_Trades

The QQQ is at support - a horizontal line that has successfully bounced off which is bullish . QQQ are below all MAs (8,20,50,200) which is bearish . The volume is neutral because we are in a period of weaker volume . RSI is approaching the mid oversold territory ( 40 ) so it is still neutral. MACD is in a bearish position and is still not oversold. Estimate:...