We can spot decline in RSI with increase in price at the marked vertical parallel lines. and corresponding we are witnessing a downfall. this downfall is expected to shift the trend towards south as the RSI range is shifting to 60 to 40.
All long-looking indicators point to silver being undervalued vs gold . Top chart shows silver candlesticks vs gold red line as percentage returns since 2006 in the case of these investment trusts. Middle indicator is the Trader's Dynamic Index ( TDI ) which holds a combination of moving average, volatility and momentum trends. Bottom indicator is the infamous...
With global growth slowing down, with oil production being really hard to restrain and with lots alternative sources of energy being able to be exploited, oil is no longer black gold. Especially if the US stops bombarding other countries, while Iran and Russia move of the Petro dollars, then things could get even worse. Technically it looks tragic. It could...
rsi levels simple Strat ..patient for the market can be more oversold..H1-D1 has the setups on the charts .
Pretty ugly chart, but we'll look past that for a bit. BTCUSD has been making multiple M formations over the last few weeks and it appears we are retesting the neckline of the M that began at $7,200. By formation, the target for the decision point lies in the range of $8,300, along the .236 retracement point on the fib levels running from $6,000 to $11,800. If...
Dollar dead?
Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement. Any news can give breakout from the pattern and rally towards $54-$55 Be careful Long term trade Short Entry Price : 44.30 (Candle Close below) SL : $ 46.65 TG1 : $43.01 TG2 : $38.85 TG3 : $36.03 Pls refer to all Resistance line (Maroon) PS. Generally I dont believe...