This idea is based on the analysis of the 200 day moving average breadth data for the SPX. Every time since 2007, when market breadth broke out of a downwards moving channel this was an excellent buying signal for the SPX. This signal can be seen as a confirmation for the end of the downwards correction and/or bear market. We recently had such a signal on Oct 24th!.
As we are making lower lows in the Nasdaq Composite, the % of stocks participating in the rallies increases. This is exactly the opposite to what we were seeing in the November highs when we said that the market is topping. This is great bullish sign.
An under-the-radar trend in recent weeks has been strength in legacy retailers like Macy’s , Gap and Ross Stores. Today’s chart focuses on a potentially bullish pattern in peer Ralph Lauren. Notice the series of higher lows since November 10, when earnings and revenue beat estimates. There’s also a resistance zone around $104.50. The result is an ascending...
Prices are going up without OBV response. I think SPY will go down for another leg. I think 408 and 426 are regions likely to push down. Retration lines are not fibonacci but 1/3, this script: #disclaimer: this is not a recommendation but a mere study.
TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower...
stock at confluence support of yellow channel,S1 PP and 200 WMA....Looks a good buy
Will BNT pop up? The OBV indicator is going higher while price is going sideways. Bancor protocol is buying its own supply back. They quit minting new coins and are burning BNT. They are developing a new AMM where the trading fees will always be paid in BNT. The tokenomics are starting to look better.
On Friday we saw a large decline after the short lived break of the MA barrier. This was in line with a decreasing momentum. Today we could not manage to regain the lost ground and failed to reach the MA again. With a further decline of the momentum I suppose that the stock has given up to change the downward trend and surrendered to the bears.
Doubleverify Hldgs Inc help brands improve the effectiveness of their online advertising. I bought half a position and so far the price hasn't under cut its support at $25, just were my stop is. For me this is a really good sign, considering what the SP:SPX is doing. The bad thing is that the OBV and ROC is signaling a bearish divergence. If I had full...
Analyzing trade using ICT Scalping Method Started off 1D chart, found swing high. dropped down to 15min TF, threw a fib from swing high to swing low of 4th candle day. Anticipated 5th candle raiding 4th day PDL. Entered using 5min TF on a bearish signal and took profit at PDL.
I am thinking we might get a nice bounce on the SPX regardless what the CPI print is. If CPI comes in better than expected, we bounce (naturally). If CPI comes in worst than expectation, we probably get a wash out, trap some late shorts, then bounce. Reasons: We are potentially forming a double bottom here with a lower low (June and Oct), the orange zone should...
Hello everyone! I haven't published charts on TradingView for a while BUT I am considering starting up again. What do you guys think? Hope everyone is doing well through this bear market. Unfortunately, I have some more bearish analysis for you here but these indicators have been VERY STRONG in my experience and as you can see on the chart. This chart uses the...
Bitcoin OBV touchpoint timing scenario ⭐️ Counting the days from OBV touchpoint to the OBV bottom... ...we find each 127 bars on the 2-day chart Transferring the 186 bars from OBV touchpoint to OBV breakout... ...October might get Pumptober Comment & FOLLOW appreciated *not financial advice do your own research before investing
TL:DR: The Bear market inflection is NEAR, it has not occurred. More time to accumulate (or get wrecked using margin). QRD: Bottoming structure not yet clear, OBV 10 has not bullishly crossed the 20 below 100 yet. Price still below blue resistance line. NVT shows bear market inflection, as does the Hash Ribbon. Inflection score is 2/6. Introduction There...
Reasons To Trade: 1.Rising Wedge Pattern 2.MT Outlook: Short Buildup 3.Golden Cross 4.ADX=17(Rising) Entry on break of the wedge CMP: 417.15 Upside Target: 450 Downside Target: 340, 315 NOTE: 1.Expecting a strong directional move which can be on both sides 2.Maintain a...
Descending triangle, RSI about to cross / has crossed into 50s, OBV is printing a bullish flag, it broke 50/20 emas. We may be looking at a break to high 5s / low 6.
Are you looking for an edge in swing trading/long term investing? I highly suggest using market breadth! Highlighted with vertical lines on the chart and yellow and red circles in the breadth chart (% of S&P above their 50 day MA) are all instances when breadth dropped to 50 or 30% AFTER rising from 10 to 91%. As you can see from the chart in all historical cases...
GBPUSD make cup and handle pattern and down trend channel GBPUSD new lower low if trade below green trendline