Evening Traders!, Today’s update will be on Silver, which has breached an important weekly support, now potential resistance upon a retest. Points to consider, - Trend bearish (lower highs) - Back test of Support likely - RSI in oversold conditions - Stochastics in lower regions - Volume climax evident - VPVR currently flat Silvers overall trend has been...
Evening Traders, Today’s Technical analysis will focus on distinctive levels on ETHUSD, currently holding its local trend line, a break will likely send it to lower support ($100 psychological level). Points to consider, - Trend bearish - Local trend being tested - Confirmed bearish retest - RSI testing support - Stochastics in lower high projection - Clear...
3 potential TPs, potential for lower low, lower high sequence.
$CREE is under pressure technically and broke under a key uptrend line. Just looking at the chart and you can see that $CREE has been making lower highs and lows. We believe $CREE is going under $40 and will test new 52 week lows. This all comes after $CREE delivered disappointing Q1 earnings and forecast a loss in Q2. Here are the highlights: Cree (NASDAQ:CREE)...
Great short the daily resistance play on ORA, just need to be more patient while i'm trading!
$BTC needs to hold $9k or look out below. Momentum looks to have died. Waning interest from mainstream media has lead to lack of new buyers. Losses from margin trading at BitMex will further propel the downside. Whales have pumped as hard as they could. Buyers beware. Good luck to all!
In this post, i'll share a tool which helps you find Bitcoin's market cycles bottoms, it is the Trend Based Fibonacci extension. You don't need to understand what this tool is to know how to use it, but if you want an explanation here is a video. www.youtube.com First start by laying the trend at the market top, then count from there the next 3-4 lower lows, lay...
cadjpy on the weekly doesn't show a lot apart form basic support and resistance but when I went down a timeframe, I saw daily trendline making lower highs and lower lows. 4hr/1hr timeframe showed me a rising wedge occurring while breaking out and making a head and shoulders pattern.
Hello and welcome to my Trade Idea of the currency pair CAD/CHF: Lets start with the Top Down Analysis. Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant. Weekly: We've been seeing more lower highs lately which confirms the trend is bearish. Daily: We see a trendline, and...
TESLA lower lows and lower highs. Those still in this tech bubble will be soon complaining the market is rigged..... The company doesn't make a profit, heck it barely even makes cars..... at least numbers wise. Macro says momentum is over. When this company comes down to the automotive P/E multiple of low teens / high singles. This company is a 10-20$ stock. Don't...
Since 2016, XOM has been trading off 78.6% lower highs with MACD cross-downs followed by an ABCD completion. No reason to think this time would be any different considering the company has a fair bit of debt, production volumes has not been all that great and recent investments in US shale may not be as rosy as previously thought. The target for this weekly CD...
Good old indices. Okay firstly, so looking at the weekly timeframe, we have a potential head & shoulders pattern forming which will allow the bears to take over the market. Dropping down to the daily timeframe we can see we broke out of an ascending channel and currently we are retesting it. If we can close below the counter trend line, we should see downside...
These are my zones I've spotted on GBPAUD. I have my zones color coded to not confuse them with the others since I utilize multiple time frames. I patiently wait for opportunities.
USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price breaks below the blue line @109.819 If...
Bitcoin update: The lack of activity continues and when it will stop NO ONE knows. There is a series of lower highs and lower lows on the more immediate time frames but this condition hardly qualifies as a worthwhile trend. Especially since the current price is basically in between the two range extremes: 4100 high and 3K low. Until it takes out one of these...
EURUSD 30M CHART This strategy is a setup for a Long continuation trade (Rules for A Buy Trade) Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes...
After a big retracement the Price is expected to continue its downwards movement RSI divergence with lower highs