UPDATE: The daily is still in bearish posture and the confirmation on the FAST EMA (White) trending down regards to LONG EMA (Red) plus the TD count only in a daily 7, is telling me there is at least 2 more days before a possible relief bounce.
We are still in the bear channel, with the 50 EMA (Yellow) slowly getting father away from the 200 EMA (Blue). Price seems to be slowly fading to the down, with a possible falling wedge forming, which could give us a relief bounce to the upper line of the triangle. My short setup is still in play. Eyes open and safe trading folk.
TD 9 BUY for UBER and a doji candle on the week before, after a long drop down a possible dip buying opportunity. Keep an open eye and keep track of S&P 500. Always put a stop loss to be safe.
NETFLIX had a big dip last week, thought the 128 EMA (Light Blue) seem to be holding as in the previous touch on 24th December and TD is signaling a 9 week buy. Possibility for a good dip buying. Taking a long position and observing the market. Have a safe trading folks
We have a confirmation of the 50 EMA (Yellow) crossing under the 200 EMA (Blue), which confirm the bearish trend for the moment. We are stuck in a bear channel which is leading us down to the bottom of the ascending triangle support line. Watch out.
Bear cross of the fast EMA (White) crossing the long EMA (Red), the previous 2 times we had such a cross, we dropped back to the bottom of the support line on the ascending triangle. Adding to this, this time we couldn't even keep the crossing of the white EMA on the red EMA more then 5 days, which lead me to be bearish, possible outcome the testing of the...
The 50 EMA (Yellow) is almost in the direction for a potential death cross of the 200 EMA (Blu), though we ranging in a "non trade zone". Last time that such an event occurred, we had a drop BTC to the bottom line of the descending triangle, around the price of 93]00-9400. Will this be the outcome of the bearish channel we are currently looking at?
Perfect SETUP 15 min TF, breaking down with a back test of the symmetric triangle, possible target around 9668.5