Resistance fractals and big bearish divergence provide a good shorting opportunity, since the recent swing-highs are close to the current price and can thus be utilized as SL. Price moving above those levels would invalidate our setup.
Tightly sqeezing BB and sleeping alligator indicate, that a most violent breakout from this tight consolidation range is coming. Price remained fearly constant while the RSI has been slowly moving upwards. This combined with the recent gap down could indicate a bullish breakout, closing the gap. If you decide to trade this, either wait for the breakout to start...
The recent gap-up and resistance fractal could provide a good shorting opportunity if there would be a confirmation by BB and alligator in the next days.
Recent bullish tendencies on wirecard seem to be near exhaustion, enabling a possible short selling. Resistant fractals and lower highs indicate that a consolidation and bearish move could be coming. Shorting would result in a low risk trade, since the recent swing highs are close to the current price, thus providing an excellent SL level, that would invalidate...
Trend reversal possible. RSI divergence indicates a weakening downtrend while leading alligator is starting to curve upwards. Low risk trade since the (obvious) level to put the SL is just below the recent swing-low.
How to choose the brick-size of a renko chart for the best results with your strategy.
Short introduction to renko charts. Renko charts are a time-independant alternative to traditional candlestick-charts.
I show you, how you can create server-side alerts for renko reversals.
Nice consolidation and bullish divergence on 1h. Could still kiss 40.5 before heading upwards.
Consolidation / BB squeeze might indicate a bounce back next week. (3 day rule would allow buys on Monday).
Recent price action, squeezing BB and RSI divergence could indicate an incoming breakout.
Squeezing BB and recent price action could indicate an incoming breakout.
A lot of profit can be made in this high-volatility enviroment. Ideal for daytraders. Possibility of rebound on Monday.
Looks liquid enough for a bounce on monday. Always be careful and use a tight SL!
Vodafone has been in a downtrend till the end of November. However, from the beginning of December, the RSI 14 has been pretty much rangebound between 37 and 50, even though the downtrend has not been broken. Rejecting the lows has formed a hammer on fridays trading session and a strong support remains at 1.65. 1h chart shows a daytrading / swingtrading...
Bullish divergence on the 1d chart. Breaking the $298 resistance could be an entry. If it fails, revisiting those $280 lows could be possible, providing another entry point. Only next week can show.