ruben_rodrigues

ruben_rodrigues

=============================TRADE LAYOUT============================ 1. IDENTIFY THE TREND a) Series of new higher high swing and higher low swing: YES b) 10 EMA > 30 EMA > 50 EMA: YES c) EMAs pointing upwards: YES d) Output: UPTRENDING MARKET e) Bias: LOOKING FOR LONG OPPORTUNITIES CLOSE TO VALUE AREAS 2. IDENTIFY THE VALUE AREA a) 10 EMA: OFFERING SUPPORT...

ruben_rodrigues

=============================TRADE LAYOUT============================ 1. IDENTIFY THE TREND a) Series of new higher high swing and higher low swing: YES b) 10 EMA > 30 EMA > 50 EMA: YES c) EMAs pointing upwards: YES d) Output: UPTRENDING MARKET e) Bias: LOOKING FOR LONG OPPORTUNITIES CLOSE TO VALUE AREAS 2. IDENTIFY THE VALUE AREA a) 10 EMA: OFFERING...

ruben_rodrigues

1. Bias: Long Trading in the same direction of the trend stacks the odds in our favor. Therefore identifying the trend is the initial step of this approach. This market has been displaying a series of new higher highs and new higher lows since the end of January 2023. All relevant EMAs are pointing upwards and closing in this order 10 above 30, which is above...

ruben_rodrigues

This market has recently picked up my attention not only because of that ascending triangle base, but also because of its context. Firstly, let's not forget that this market has been trading below a downward sloping 10 EMA, since the beginning of 2022. Therefore, by default, the bias has been to look for a short opportunity, a set up agreeing with the major...

ruben_rodrigues

No trading idea ... yet. But wait. In ranging markets like this one, trading between 0.85 & 1.00, since the end of 2011, the bias is to look for short opportunities when the price is trading against the long term resistance area and conversely, to look for long opportunities when the price is trading close to the long term support area. Is an idoneous trigger...

ruben_rodrigues

Just updating this idea as previously laid out. The set up laid out at the end of last month is working out just in line with the idea. The price is currently trading in the vicinity of the 1st target. As previously put forth, at this price range, the bears are likely to step in and, at least, pose an obstacle to the more recent bullish spell in this...

ruben_rodrigues

In which direction do you guys think this pennant pattern is breaking out to? I'm seeing an RSI bullish divergence freshly created. But I'm also seeing imponent 10 and 50 EMAs right above the price right now. In short, the trend is our friend. That's the overriding principle. However, we also know that every trend eventually bends. In any case, the...

ruben_rodrigues

The bears have been able to drive this market downwards at steadily lower up swings. And conversely, the bulls have not been able to drive this market past its previous swing highs since August 2022. Although this chart pattern and price action behavior is suggestive of bearish dominance in this market. Although the price is trading below the key EMAs. The...

ruben_rodrigues

+14.73% MoM at the moment of editing. But more important than this percentual gain is what this candle represents. This market had been ranging between the $3.5 & $5.5 thresholds for the past 12 months after a brutal sell off. This month, after a shy breakout above the 10 EMA (M), this market is trading close to $6, with that proud green candle breaking above...

ruben_rodrigues

Yes, NASDAQ:AAPL has been picking up a lot of attention. After all it is trading at 52 week highs whereas the market sentiment remains pessimistic or sluggish at the very least. For those being carried away by the good news surrounding NASDAQ:AAPL , today I brought you the perspective of my beloved charts, through the lenses of my favorite time frame (M)....

ruben_rodrigues

Perhaps even more than the Bump & Run Reversal Pattern being formed, what's sparking my attention in this market is the beautiful distribution patterns which this market registered before the downtrend which appears to be transitioning to an accumulation stage now. Look how this market displayed an erratic price action since 2018, forming that final and chaotic...

ruben_rodrigues

Updating a previous idea: - Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle. - Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and...

ruben_rodrigues

Just updating the subject idea. Back in 2022, this textbook symmetric triangle had caught my attention, for how neatly and ostensibly it was being displayed. I find this pattern interesting because of how it moves from volatility to the lack of it, slowly expelling the traders who are preventing this market from moving where it wants to, until they are no...

ruben_rodrigues

Textbook S&D setup. 1. Aggressive sell off back in April 2022 giving away the sellers' presence at the highlighted price threshold. 2. The price retraces with slower momentum back to the supply area previously identified. 3. No trigger yet, but if you pull the lower time frames you'll see that the uptrending structure verified since July 2022 is now seeing...

ruben_rodrigues

As usual, charts speak louder than words. This one is shouting the following: - Steady downtrending market since its IPO, as delimited by the yellow trendline, with several key touches. - Trendline broken in December 2023. - Breakout above the 10 EMA (roughly 200 EMA in the daily timeframe), created with the highest monthly volume this market has seen and...

ruben_rodrigues

And meanwhile, this market went almost unnoticed over the past weeks ... and it has been producing some interesting signs. Since mid December 2022, this market has been producing a RSI Bullish Divergence, one of the most reliable reversal patterns. This pattern entails that the bulls are picking up momentum even though the price had recently made new lows....

ruben_rodrigues

This badass had been downtrending throughout the past 12 months. Steadily respecting the 10 EMA (M) ... until it no longer did. NASDAQ:GOOGL closed the month of March with a breakout above the 10 EMA (M). This breakout above an important threshold such as the 10 EMA can indicate that the momentum has shifted in the bull's favor ... which is not surprisingly...

ruben_rodrigues

Updating the trade idea previously exposed at the time of the breakout das displayed in the chart. The 1st target of the bullish trade displayed has been hit. The price is currently trading against a powerful supply area. What does this mean? Can the price pierce through it like butter? Yes. Is this the most likely scenario? No. The bears that missed...