TRADER-RI

TRADER-RI

After the v-shaped recovery from the COVID-19 pandemic, we have seen a rally to the 7650 handle, where the market went sideways for the later 100-plus weeks. The accumulation stage is about to end as the 7650 resistance price was finally broken. The RSI is above 4o and moving above 60, which indicates bull market conditions. The composite index has shown a...

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As discussed back in 2021, we were watching a correction in BTCUSD taking place after a 5-impulse wave move (marked on the chart) starting wave 1 of the initial bull market rally. The next phase was a three correction, as marked ABC on the chart. We had measured a possible level of the correct to reach around 17257 from the confluence Fibonacci retracement level....

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We have seen a rally since July this year as a 5 wave leg down was completed. This rally should be a 3 wave ABC move of a larger Zig Zag pattern playing out. If its not a 5 wave move then it must be 3 waves, which means we are halfway through the move to the downside of a Zig-Zag pattern 5-3-5 wave correction. We have had a bearish divergence between the RSI and...

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On the weekly chart we have seen a 5 wave move to the previous high in August 2020, breaking 2000 handle for the first time,ending a five wave move. Since then there has been a 3 wave correction into April of 2021. This is a setup for a further 5 wave move higher throughout 2021. The target of 2280 calculated using Fib to find the mid point of the 5-3-5 move,...

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We saw spike in the silver above the old high in February 2021 in a three wave move. A good indication that the price is keen to go higher. Since then price has formed a bullish falling wedge pattern down to the 76% fib(Lucas level). At the 24.00 handle we saw the RSI go from 20 to 69(indicated by the green box). This is a sign of strength as the RSI bounce of the...

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The ride is over for darling of the cryptocurrencies as a terminating wedge formation has evolved on the daily chart. There has been warning signs in the both indicators of a correction with a divergence present since the end of February. With the conformation RSI unable to keep above 60 level indicating we are in bearish territory. We should see a three wave...

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ASX:TLS is finally starting to look interesting again. The stock has been underperforming for some time now, let's hope this is not yet another false start. If breaks the highs of the previous wave at around $3.50 AUD then I'll be looking to take a position in it for the long term. Good dividend history and some value in the business restructure will hopefully...

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Since busting through the price highs of 2011, Gold has drifted lower from the most recent highs with some interesting candle closes below the lows of previous down candles. Although I believe in the story for Gold (aka QE & other forms of currency debasement and derivative card houses) and the Gold price in the long term, as a trader, I cannot ignore the current...

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Those familiar with IPL will already know they produce explosives, fertiliser & industrial chemicals for Mining & the Ag Industries. You would also likely be aware that the price has been channelling sideways since March 2020. Finally, the price appears to be making a break to the upside, so I like how IPL looks right here; for those who a little more cautious you...

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We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12. The next raid happen this week as price broke above the $20 closing a short stops. The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs. We should see a larger move...

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After the pass mania of the buying frenzy we have seen price move low, with large moves higher as smart money run out buy stops of short positions. Failure to make a higher higher in February 2020 signals a move lower to target equal lows at 6588. Any traders long will have their short stops resting below this level. Price will want to sweep below this level to...

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Market Shift has occurred on the DXY during the last quarter of 2018 with equal lows at 93.20 being run to take out short stops. A retracement higher throughout 2019 saw price struggle to move higher to the 100.00 round figure number.this being 61.8% retracement of the previous swing. We had a entry confirmation on the SAR and ADX confirming to go short with a...

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Beginning of 2019 we saw a change in character with a sharp bull move to 66.20 level end in May 2019. Oil as been in a accumulation until February 2020 where we saw a run on equal lows. Sweeping out stops positioned below the 50.20 level then trading higher. This area dips down into the buy zone of the 61.8 fib retracement level. Institutions are defending the...

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With all the uncertainty in the UK economy due to BREXIT with have seen a shape decline of the pound against the US during 2019, with a sudden surge in the last quarter of 2019. What I see playing out is a cup and handle formation appearing in the chart as shown by the blue line in the chart. All the pullbacks on low volume testing the 1.3000 level, we have a...

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This stock is showing great signs of breaking out of it upwards trending range. The ADX is holding a strong bullish trend with the reading of 40. All the moving averages are aligned and the SAR indicator confirming a buy signal. The OBV stayed well above its moving average as pull backs waves are becoming smaller, on low volume, as price moved higher. The stock is...

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The slow gradual sell off on BTC continues as price falls to find buyers. There was a small signal, as circled in the ADX, but this is another bull trap, as seen between the months of October to November when price ranged then spiked to draw in the buyers, then sold off. There is another Bull trap forming as the OBV is now below its 233 moving average, not...

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An ASX Stock I picked up on my long range scans. We see in September 2019 a large volume spike which as a news event. Th OBV dropped below the 233 WMA meaning the stock was not ready to go, as all the buyers a dried up on the initial move after the news event. Price moved sideways then in December 2019 another volume spike with support by the ADX , SAR and OBV...

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Since June 2019 we have seen a strong bullish move in gold, which then peaked in September 2019. The stayed bullish as show by the OBV indicator stayed above the WMA 233 moving average. A three month decline in price followed as accumulation of sellers absorbed. A new buy signal around the 20th of December with the cross over of the ADX DI+ above the DI- Line...