Now I KNOW that many traders don't like "lagging" indicators like the EMA's. I get it. However, for those that DO see significance in the EMA's the 20 EMA has crossed the 50 EMA on the 4hr chart. This USUALLY means that a steep drop is soon to follow. Having said that I will concede that this crossover is a bit more shallow than most and there is at least one...
Trashy meta-theory here. POT long for 4/20. the Marijuana coins have historically experienced a natural rise around stoner-holiday 4/20. A veritable infusion of speculators, nostalgists, and just plain idiots will most likely pump POT, THC, and DOPE leading into the 'high' holidays. I'm picking POT as my longshot mooner because it has little prospect, largely...
Pair created a new swing low on that invalidated the 1st 4H trade setup. Now the rules of the RSI 80-20 Reversal have been met. 1st Swing Low (SL)- oversold RSI - 2nd new Swing Low - buy stop at high of 1st SL New 30m Timing Trendline drawn Entry at 4H Buy Stop Take Profits will be shown on update
S&P Index SPX500 Short term double top/loss of upward momentum and now struggling below reistance at 2588-2590. A short term sell back to 2576 with stop above 2590 for 20 point win or 4 point loss
This is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes...
I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart. I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.
Over the past years, the GDX bounced on the 200 MA pretty hard, and it acted as a strong level of resistance or support. It just happened again. Even if gold was rising in a pretty strong way in the last couple of days, the GDX was still unable to go up. That means the bounce is really strong.
The recent bounce in the oil from 27 to 34 which had 7 points and if we substract 200% from 34 then the targeted zone comes around 20.. As per the chart technically it must move down to below 20 with some counter rallies.
If prices closes as a low test bar by the end of the trading day, the price of WTI could continue to rise over the near future. As a signal of bullish momentum, in addition to a possible low test close, price will have had to close above 47.00 after a retest of this level. Support is also seen to be occurring at the 20 and 50 ema where the 20 ema could cross over...
The AUDUSD was too exciting so the market has punch the First and second support. Take a look on chart and tomorrow it will be positive :) More details, PV Follow me for encourage me
Breakout potential through trend line resistance. 20 DMA support holding up.
3x week previous hi 262.3 lo 214 swing hi 303.8 lo 166.5 Consistent sales volume as price has descended.
Two accelerated Tentative Down Trendlines Violated. It could start correcting. Look for CHF/CAD ( CAD?CHF flip) --> Looks like EUR/CAD