NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold.
SUMMARY
Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...
🧠The first is the divergence of the RSI indicator, which shows that most investors are leaving the market at a profit.
But we cannot open short positions based on this yet, because the uptrend is not over yet.
But when we see the N-shaped uptrend broken, we are convinced here that the downside is coming, so we set up a short position✔️
➡️Now we intend to lock in...
XAUUSD GOLD, Fibonacci Retracement, Zones, RSI, Divergence, Trendline
Just Sharing Idea of Future view,
All time high 2075.11 Retracement 38.6 and failed to break high level again Retracement of 50.0 1617.68
High Rsi trendline and bottom Rsi in Divergence
Future looks if rejects 1967 Level then back support of 61.8 level or up high to break 2075.11 level Top high...
At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential...
Hi everyone! It looks like a gartley pattern we have on EURCAD. It also includes an ABCD Pattern ofcourse. RSI Divergence also support our idea to short. We should just wait for the reversal candle and the trade will be open.
p.s. do not trust me, trust your own strategies.
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI.
As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
BTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for:
1. Volume on the last pullback was big
2. MACD is crossing down
3. RSI negative divergence
4. Look for a lower high and then a lower low for confirmation
THIS HAS BEEN ADDED TO MY WATCHLIST - PRICE LOOKING EXTENDED OVER A NICE PERIOD OF TIME.....LOOKING FOR PRICE TO SET UP AS MY TRADING PLAN SUGGESTS AND GO LONG...
LET PRICE DO THE TALKING,.....
A perfect double bottom with RSI divergence has just formed on this pair.
There are a couple of lower structure that you have to consider for your stop loss.
Be patient and good trading !
On the GBPUSD a Falling Wedge was drawn. In this case it could signal a bullish move. Bears are putting a lot of pressure on the cable because the rate hikes were postponed. From the technical perspective, though, a break above 1.6600 could trigger a rally to retest the trend line. A false breakout above the current resistance would be a negative signal. This is a...
