Looking at a BB squeeze where the low volatility is indicated by the compression or closeness of the upper and lower bands. There is no good indication on price action alone regarding where price may go (no significant break up or down as of yet) however, the RSI is rising from low to high, indicating a possible break upwards. GLTA
Not financial or trading advice.
Not trading or financial advice: AYRO looks to be repeating the same pattern from a few weeks ago. Could it mean nothing... sure, could it mean everything... WHY NOT. Not sure if I believe in fractals but should this monster repeat, I will be very very afraid.
Not financial advice: MARK, IMO, is performing a fractal where the vertical lines indicate week 1 and come down to touch the 7MA on the left and the 21 EMA on the right, where the left fractal EXPLODED on week 8. The right fractal is approaching week 8 next week. These look eerily similar AND new contracts for MARK seem to be in the works to utilize their thermal...
Not financial advice: DFFN has initiated trials for the TRC application related to hypoxia (low oxygenation) related to various health ailments and now seeking evidence in the application for COVID-19. Trials have initiated in Romania, potentially to yield positive results. In TA, there is a formation of an inverse Head and Shoulders. If this comes to the 21 MA,...
Not financial advice: FRO is in a broadening opening wedge with a possible bottom at the drawn trend line. We see that in the previous lows there is 2 bottom touches or double bottoms in the RSI and price, as it is occurring now. It appears that if this holds, there is a possible reversal. GLTA
Not Financial Advise: Rig IMO is possibly repeating the fractal I have drawn in gold from the past (on the left). We see a similar low in the RSI currently, which is circled, then continues onward and upward.
Not financial Advice: Despite the descending triangle formation, we can see that there is higher lows in the RSI and support in the price around .96. Additionally, the price has broken the bottom of the BB today, indicating a possible reversal with a bullish confirmation from the rise in the RSI and consistent support from the price. Could be a good time to move on up!
Not financial advice: XAIR is currently in a symmetrical triangle, could break up or down but given the bullish flag/channel/pennant drawn in red from earlier in the chart, a continuation upward is likely. The current price sits at the bottom of the green triangle and we see a comparable triangle in the RSI that also broke upward from the past red flag in the past. GLTA
ARNC as a company is confusing to say the least. Yesterday I made a daily TA that was bullish divergence. In the hourly today we see a similar trend. The Price action has formed a double bottom in the hourly and the RSI has formed a higher low. Price action tends to follow RSI with this type of bullish divergence. Not trading advice, not financial advice. GLTA
ARNC has split from Howmet, dropping the price drastically. On the daily, the price has formed a lower low and the RSI has a higher low in coordination, possibly indicating a reversal (Bullish Divergence). Not financial or trading advice.
Not financial Advice: DASH on the daily have provided a double bottom, with a head and shoulders in the RSI. If you are into elliot wave theory, we may have closed the ABC regression and are on the start of wave 1 for the next leg up. This could be very rewarding over the next few months. I also believe we have closed on a bullish pennant. As well, I have drawn...
Looking at the daily chart we are nicely at the bottom of the two channels I have drawn. This could be easily invalidated but we are touching RSI and Price action bottoms. Not financial advice. Please share your thoughts.
Looking at an inverse head and shoulder (in yellow), if it holds above the 1.61 price range we could be looking to launch. Possibly finished a first wave in elliot theory although I am new to that technique. I drew fib lines to the right, as we have nicely touched the .618 for support and back up to test resistance. Please share your thoughts or ways I can improve...
Not financial advice. I cropped the price and RSI over one another. Both are falling into a descending wedge (bullish reversal in my opinion). Although this is only showing in the hourly, it may not prove to be particularly strong but an idea in the works. As well, we can see the Bollinger bands getting tighter, possibly leading to more sideways action or a pop up...
IN the hourly I have drawn a descending line, meeting resistance, where the line peaks (marked in red) in the RSI. The 4 hour time frame shows a head a shoulders pattern forming, which will trigger a fall to supoprt lines around the 1.30 mark? Not sure how promising this is in the short term but may provide a good long opportunity when the daily is reset. Not...
Thinking this may be a cup and handle formation with a peak at 2.9 or so for the right side of the cup. Expected 30% retracement to the 1.5 range and up from there to the 3 range (May take two weeks to develop to confirm). Then continuation up (depending on volume)?
