Crossover between these two signify starting of bull run and ending of bull run. Another important insight from these two is that 350/111 = Pi It has been accurate upto a week to predict starting of bull run and ending of bull run!!!
- Watch for breakout of correction. - Ideally a touch of the ascending trendline and 618 fibonacci
Overall XJO pullback to trend channel and 50% Fib complete, looking for upside bounce soon. indicators turning up from right on the 34EMA. Let''s look to see where the US markets head and take us and hopefully we can hold this zone.
Yesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the...
Price broke out of descending channel. Awaiting a retest of the broken channel which lines up with: 50% fib 4hr 50 EMA Support Zone
Any Elliott Wave people out there want to take a look at this expanded flat pattern, as we approach the 200-day moving average around 3000 on the S&P 500. Major bear market top resistance. What do you think is going to happen? Could be a dramatic overnight trading session and big important day tomorrow. To see if we stay in the bear market area, or cross over into...
NYSE:DAL We'll see. Maybe opportunity to buy or add to position (average down).
Price Reflecting Long Over Previous Average. Enter On Lower Time Frames Into The Direction Of True Trend.
DogeCoin is sailing right on top of its 20, 50 and 200-day moving averages, the RSI is oversold, and you can start to see some support from the previous resistance on the lower time frames. Let's wait and see. Not trading advice. Take with grain of salt as you should with all trading.
multiple crosses between our 3 major moving averages indicating for entry points. AO and stochastic along with that
PINS recently gapped from earning but failed and pulled into the previous gap up area. PINS had recently bottomed last year but broke out and is now in a strong uptrend holding the 20DMA. Following this gap up and pullback, PINS is now at the 20DMA and bounced off it on the 30m timeframe. This is considered a Holy Grail Trade where a trending stock holding the...
Why Currency pairs going up or down? If EURUSD pair goes up from 1.2500 to 1.2510, the Euro has increased in relative value by 10 pips because either 1) EUR has strengthened, or 2) USD has weakened, or 3) Both EUR and USD have strengthened but relatively at different pace, or 4) Both EUR and USD have weakened but relatively at different pace But how do you...
A simple trading strategy everyone can understand. Take the average of 200 days worth of stock prices of a stock, compare that to 50 days average. If the two crosses and are going up, you buy. If the two crosses and are going down, you sell.
Low risk, high reward trade into Alaska Airlines. 2% risk for 20% reward using pitchfork analysis, moving averages, and time analysis.
short insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love. I believe we will fall to 8.2 - 8.3 k to find our support levels from...
Yellow circles marking where this has happened before.
This whole concept is also confirmed by eliot wave theory, if we break below 7820 we will invalidate the count for a 4th wave and most likely continue going down. As a setup this is a 16:1 ratio, which in my book is amazing.