Looking at XVG on the daily chart Most indicators are showing bullish signs. All I need is a nice W in price so I can buy the breakout
Looking at LTCBTC on the daily chart * RSI firing off bullish divs * Willy coming out of stupidly oversold * Histogram bullish div confirmed * OBV bullish div and cross over bullishly * POC sitting at the 618 but the range VPVR is sitting at 50% so if your a conservative trader the 50% would be your target
Looking at EOS on the daily chart * Most internal indicators looking bullish * POC sitting at the 382 fib level * Target is the 382 and were most resistance is * Nearly a 6:1 risk reward to the target
Looking at ETHUSD on the daily chart * Price working its way up into the reload short zone * Double top in price (Bearish signal) * Bears technically still in control of volume but both bulls and bears are falling a sleep * RSI really in no mans land atm * Histogram has fired off a few bearish divs but now it is in convergence, no bearish sell signal yet * POC...
Looking at BTC on the daily chart * Histogram still in convergence meaning no signs of bearish moves yet * RSI bearish div firing and bands are tightening up meaning a move should be expected soon * Bears are in control but both bulls and bears are falling asleep * Doing a fib of the entire range 7606 is the .382 level and where i would expect the bulls to hold...
Looking at LINK on the daily chart * Price still making HH and HL defining a bull market * Price playing inside this triangle * Price came down to touch the .786 and the trend line and has held support * Volume is a little low on the bull side but id like to see a nice little double bottom for a continuation higher * RSI is over sold * Histogram has a bullish...
Looking at DRGN on the daily chart * RSI oversold and made a nice W * Bullish div in Willy and a nice W breakout * OBV making a W * Buyers stepping in on volume * Price coming back into value (80% of the time it will test value high, thanks Hoag) * 50% target lines up with value high Please remember to "Plan your trade and trade your plan" If you like what I...
Looking at Amazon on the monthly chart If you want to know what parabolic looks like, here is a great example. Internal indicators: * RSI heavily over bought and creating bearish divergence * W%R very over bought and embedded * Histogram has made a Lower Low that hasn't resolved itself yet and also creating bearish divergence * OBV is still up and healthy due...
Looking at DJI on the 2 month chart Technicals: * Fib study done off the entire range * Price bounced back from the .382 fib also leaving one hell of a tail that eventually get eaten * Tail size approximately 33% * Many gaps especially on a 2 month chart * Histogram has made a LL * W%R has been heavily over bought and also embedded * RSI has had a bearish...
Credit goes to Brian Beamish of "The Rational Investor" for this analysis
Credit goes to Brian Beamish of "The Rational Investor" for this analysis
This is how I see the S&P500 playing out. Nice counter trend rally and looking to complete an AB=CD retrace. Just a simple overview of how I see it playing out