RIDE has finished a downtrend the past ten trading days
and now appears to a retracing that downtrend.
The upside here is about 16% to the mid Fibonacci level.
The MACD shows an early K / D line crossover as a lagging
indicator.
The RSI is in midrange being neither oversold or overbought.
I see this as a setup to trade a swing long trade or a call option...
NASDAQ:TSLA
On the 1H timeframe chart, TSLA is showing an early reversal as follows:
(1) It is ascending in a downtrend parallel channel
(2) On the MACD, the signal line is below the histogram, and
the K & D lines are converging on this lagging indicator.
The histogram bars are decreasing in negative height.
(3) the color-coded RSI candle indicator shows...
Is this a shooting start on daily chart?
The market reached 4250 and, as expected, was rejected.
It’s still holiding above 200EMA, so it might be here for a while.
I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet.
Trading is risky, please do your own market analisys before entering the market.
From h4 eurgbp chart I see there is potential for eurgbp to go down to test 0.82-0.83 area. The risk is ABOVE 0.84708. The target profit would be somewhere around 0.82-0.83 (somewhere around the lower trendline).
Trade well and wisely.
🙏🙏🙏
And the CPI just drives GBPJPY break the trend line. And potentially I see this could head below 160 level, possibly around 157-158 area. Macd is supporting the view at the moment, there is cross over to downward and the histogram is currently below 0 level. My stop would be somewhere ABOVE 164.126. Manage ur risk:reward minimum 1:1.5. Trade well and wisely. 🙏🙏🙏
We get confirmation from lower time frame. Yesterday's rally I didn't sell oil.
M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo.
Pay attention to the 2 tp zones I defined. Trade well and wisely.
It is obvious that from d1, h8 and h4 TF oil is bearish trend. But I dont think it is wise to sell at current price. I prefer to sell the rally. The red box is selling zone while the blue box is the taking profit area.
🙏🙏🙏
There is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas.
Manage ur trade mate. Trade well and wisely.
From H4 chart it is indicating oil to revisit July 2022 low, 90 level. Chikou is pointing downward. Candle is running below cloud. So in my humble opinion it is pointing to July 2022 low. The STOP should be ABOVE 97.14 level.
D1 remains bearish even gold jumped last week after hitting 1680 area to 1739. Any rally to selling zone (1739-1780) would be good selling area. The buying zone (1676-1687) remains my favorite area to buy.
Trade wisely.
Interesting to see GBPAUD D1 chart. We've been at ranging market for couple months. I spot divergence which are shown not only by MACD but RSI as well. Possibly it is indicating buy opportunity around the blue rectangle zone. Then the take profit target is the green rectangle zone.
Trade well and wisely. 🙏🙏🙏
D1 chart is showing us how bearish usoil. But I am not suggesting anyone to sell at current level. I prefer market to retrace to my selling zone. With the target taking profit 90-95 level if we get any retracement to the level I mark selling zone.
Trade well and wisely. 🙏🙏🙏
If we see from D1 chart it is still overall bearish. Even lower time frame indicate bullish mode. I wpuld prefer to sell the rally as I have defined the area as selling zone. The downside target is the rectangle I put below. 0.6732-0.6681.
Trade well and wisely. 🙏🙏🙏
From daily chart, it is still showing bearish trend (future cloud is bearish cloud). Price area between senkou b-senkou a would be selling zone.
Trade well and wisely.
Daily chart is obviously bearish. But if u examine lower time frame 15mins, 30 mins both are indicating fresh selling pressure. Possibly we would see gold to revisit low of 2022 flash crash, 1687. The risk would be somewhere abovr 1720-1725.
Trade well and wisely. 🙏🙏🙏🙏
I spotted h1 chart all indicating bearish. Bigger trend of daily chart also is showing future cloud is bearish. At least for the moment this could bring GBPAUD back again to 1.74 level. Risk level above 1.7645.
Trade well and wisely.
From 30 mins chart it is indicating bullish momentum for GBPCHF at the moment. For buyer the risk is BELOW 1.1642 (senkou b) at the moment (keep modfying your risk level whenever the senkou b value's change)
Trade wisely. 🙏🙏🙏🙏
I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined.
Annotated on the chart are the previous times it significantly breached the lower band.
MACD histogram turning green with MACD line curling up for a cross. RSI...
