LoveForCharts

LoveForCharts Updated 

As we can see from the monthly and weekly chart analysis, AMEX:CQQQ got into a one way run up bullish trend from mid 2016 right up to October 2018, at which point markets got a consolidation stage and bulls were unable to make higher highs and found resistance price peaking near USD 67 levels. At this stage, when you observe the weekly charts carefully, price...

LoveForCharts

The chart showcases how looking for divergences can be helpful to identify buy and sell opportunities. In early Jan 2019, after a healthy correction on the AAPL stock, the RSI and the price showed a great bullish divergence as explained on the chart. Similarly, now, we are witnessing a bearish divergence, where price has. over making. a higher high, whereas,...

LoveForCharts Updated 

USDJPY is has formed a classic inverse head and shoulder pattern. This pattern is seen as bullish reversal pattern after a sharp fall. I have used the 50 day MA as a quasi trend line and on analysis across various time lines, it has been observed that it has serve as a good resistance and support level in the past. After the inverses head and shoulder formation...

LoveForCharts

This is an educational post on OANDA:XAUUSD Look how we can view divergences and predict movements on the underlying. Various peeks and troughs are marked in yellow on the indicators RSI and MFI and the price acton not the chart for Gold In the time frame shown in the chart, you can see a bullish divergence where we see the last yellow circle somewhere in...