NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
USDJPY has been in a narrow range consolidation since a one week trend up from March 14-20. The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line showing some bearish divergence. The predictive also's blue line forecasts a slow downturn. I am taking a short forex trade on USDJPY expecting price to fall into the support of...
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March. KRE is trying to clear that resistance, which may suggest a breakout is starting. Second, price...
D1 - ReEntry H4- 50 EMA Rejection + Extreme Sell H1- wait for CSAK + Retest in MAHILO Note: * Cancel trade or cut-loss when candle close above MAHI in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the...
AMEX:SPY April 4, 2024 15 Minutes. As expected AMEX:SPY retraced to 61.8% levels and gave opportunity to short around 520 levels. In one hour we have LH formation. So considering the rise from 505 to 524 I expect a retrace to 515 levels which is also 61.8% retracement for the rise. It is also 200 averages for 60 minute time frame. I expect a trending day...
SEMI currently sitting on upward trend line within established bullish channel. Previous support line at $16.30 where demand triggered another uptrend to above $17.00. RSI currently within average buying levels around ~56-60% showing higher highs, indicating another potential run back towards previous ATH SP level of $17.54. Aiming to take a long position...
Looking at the chart on 4hr time frame we see a good opportunity for a short entry at roughly $67,400. Reasons -Key moving averages converge as potential resistance -Key moving averages not yet tested as resistance -Daily trends in my indicators point toward more consolidation Entry method -Limit Order -Front run the 200 MA at $67,350 Best case scenario we fill...
The EURJPY pair has shown promising strength after a corrective phase from its peak on March 21, 2024. Today, it successfully breached a significant resistance level at 163.322, providing a stronger confirmation of the existing bullish momentum. With this noteworthy breakout, the allure of a Long position becomes increasingly compelling. Technical Analysis: On...
It is almost at the half of the handle, but we need to wait a little bit more to be sure. If it happens, it is possible to break the $3 resistance, as well as reaching the next milestone, $4.. Also see my previous TONCOIN idea that made nearly 100% profit in short time.
Currently while the daily short term PPMs are in trend, they look to be losing steam, which could mean that they are topping in the short term. Take some solace from the fact that we recently had a slightly higher lows and slightly higher highs so the chance of a downward trajectory over the mid to longer term is not likely. The weekly chart seems to agree....
NASDAQ:IBIT April 3, 2024. For the rise from 28.91 to 41.99 NASDAQ:IBIT has taken support around 36.8 levels. This is about 38.2% retracement for the rise and also 200 average support in 60 minute time frame. Being a moving average follower I find 50,100 and 200 are all mixed up above 9 and 21 average. Hence I expect a resistance around 38.5 levels today...
AMEX:SPY April 3, 2024 Gap down. No trade for me. 15 Minutes. Downtrend. Need to cross 523 to resume the trend at the moment. 60 Minutes. As expected AMEX:SPY is trying to get the moving averages in position. It took 21 EMA support yesterday. And in 60 minutes it was 100 average support. The last time AMEX:SPY took support at 200 averages in 60 minutes...
AU AngloGold Ashanti has operations in a variety of locations including North America and Africa. With spot gold rising and mostly fixed operational costs, AU stands to improve its overall margins. Here on a weekly chart, price has crossed over the POC line of the volume profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative Trend...
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over the POC line of the volume profile,a monthly volume bar over the running mean for the first time in two years price crossing over the mean anchored VWAP and both the trend and the momentum indicators making reversals. I will open a long trade of both shares as...
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. As long as Bitcoin is above Bollinger midline, it will continue its upward path until returning to $75K. The bullish scenario will be canceled when Price returns below the Bollinger midline and stabilizes there.
On the weekly chart we can see that the green demand zone is very strong so it looks like it doesn't want to go much deeper. It can be that the wave 4 sequence is finished with a WXYXZ formation, but i have doubts. Indicators show that it may need more time to finish the sequence. Currently we have a strong impulse which could finish around 1830 and we should have...
Hey there! We can see huge gap at SP500, also looks the same like at the previous movements. Stop loss and Take profit at marked w read and green lines. IMPORTANT! Always follow RM strategy, trade not more than 2% of your deposit! LMK what u trading this weeks?
This analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty...