I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves. Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement. Volume...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...
Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...
ADX is still below 20 though MACD/ROC denote reversal. More good news awaiter.
Will take some profit off the table after the price will break down swing low at $0.93030 from where it established intraday high at $0.93115. And will keep my core with stops below support zone from $0.92839-0.92901
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...
The 100MA has provided a strong support and resistance line since the beginning of the year. coinciding with the 0.764 fib line and move upwards on the CCI, I am favouring a long position with $102 my target which is in line with the .382 retracement
Bullish Harmonic Bat Pattern with bullish momentum divergences on both stochastic and macd histogram with solid support level. Enter Long @ 31.00 Stop Loss below X point around 30.35 Profit Target is below 'B' point 32.30\ R/R Ratio of 1:2
The fibonacci retracement is in place in order to show the price levels that this has followed on it's way back up from the initial dump and the overall downtrend. MACD Oscillators show that we're in the same position as the last big leg down. Stoch RSI confirms that, as well as the positioning of candles and the 50 SMA, and 10 EMA. The 50 SMA aligns with the...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...
The EURUSD seems to be forming a strong bearish divergence with both the MACD and the RSI. I believe this divergence will reverse after it reaches the 1.3965 - 1.4000 price range. Technicals are signaling further continuation to the upside after the bounce off the 38% retracement as well as a bounce off a new support lvl (1.3820 - 1.3780) which was previously was...
What seems to be an obvious head & shoulders pattern forming on the 30 Min chart. Also noticed the MACD is about to cross
With the $105 resistance line tested again towards the end of the week I feel that everything is pointing to a downwards reversal (confirmed by a downwards break on the CCI). Despite the reassuring economic prints out of america in the past few weeks driving up demand, the US Energy Information announced last week that crude oil inventories had risen by 10.1...
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...
This indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading". Get the source here: pastebin.com Installation video by @ChrisMoody here : vimeopro.com After I got done...
**BET** A pretty strong level of support has been broken and it has been broken with conviction. A break past point B of a bat pattern and a retracement back into what was before a strong level of supply/demand is signaling me to go short. I like this play set up very much, let's see if it plays out.