GILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade. First, here is a brief overview of the Indicators used in this chart. The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars. The...
Two monthly MIDAS resistance lines turned into support. They converged on the right hand side of the chart. Support rests on 1.2250.
17:25 GMT update. Everything goes as expected so far. IMO, S2 is broken and cant support prices anymore. R2 is pushing price nicely down. EU is going DOWN. On the left side in close proximity, there is not any anchoring point which can give support for the faling prices. We need to go far far back left to find a support MIDAS line below these price levels. But it...
Last MIDAS channel was anchored from the wrong bar in the indicator page so this is the one with correct anchoring. Basically MIDAS channels are now acting as resistance. Latest MIDAS channel is chasing down the price.When price comes back to channel wait for a bearish confirmation signal then go short.
Always with regard to doing some backtesting evaluations aimed to spotting reversal, let’s consider only intraday, and only slow Guppy Multiple Moving Average - GMMA. reversals seem to be often signaled by the concurrence of: 1)high distance (say 1 or 2 STD, it should be checked out) from vwap, while 2) price vs all slow GMMA, or at least most tehm, are on...