Oil is making a semi-volatile formation, expect a big swing and maybe a fake out or shake out. This pennant could play out to create a swing in either direction, watch for a break of the trend line and RSI for continuation and entry. This is not trading advice.
I should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
I expressed my thoughts in August 11 post If global cues are supportive , then NIFTY may attempt another go towards 11380-11390 zone. I think this level should pose some resistance. With VIX slowing down, intraday range is compressing. I do not have a clear view for tomorrow. One very interesting observation is, both days and the week so far has formed dragonfly candles -> open = close (within some points). These candles back to back may be seen as a sign of coming climax+exhaustion. So in …
Hi what we have seen lately it was aggressive defend of 0,90 after some stop hunt below, more weak short to be shaken out in my opinion so for now Im looking t buy dips: towards 0,9010 and 8980 tight stop below 8970 first target 9140 second target 9340 good luck
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Gold 4h inside Bar Break up Gold fromed 4h Inside Bar and choose to break up And the Mother is a strong Engulfing Candlestick As well Therefore, we could usd Inside Bar's Rule to Buy Gold TP1: 1976 TP2: 2000
I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart. In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band. I do not however recommend taking profit at the upper Bollinger Band. This is because when Bitcoin again goes on it's raging-bull / moon-run rampage, it will disrespect both the upper…
The earnings and the lack of momentum in the stock, UA, shows that it can deliver while under alpha compared to NKE and other competitors. A buy on techs and spread on up-side better than the downside. Price movements have stayed stagnant since COVID.
AVGO confirmed successful SHS pattern, I opened Long here. AVGO buy : $335 . AVGO target : $450. Stop loss : 8% (investing long term) . Wish you a good deal!
AUDUSD just went up from a support area. It rises with a steep slope. So, I would consider this area to have strong pressure, which could keep the price rising for a while. The Bollinger Bands shrinks a little bit, which could also mean that the price may make a big change soon. The MACD may form a bullish cross, as can be seen, the two lines are very close. Also, the RSI is rising, which is also a signal for bullish. Although the Ichimoku clouds are not thick enough, it could be lagging…
Seems ranging or steep correction might be at play given the cross over on the daily MACD. I'm in cash currently...if range is confirmed, I'll probably open a position around 365-370. If major correction, looking to jump back in around the 50 DMA.
Double top reversal pattern started this descending channel. Waiting for a bearish candle to form to confirm a push to a lower low. Price could be making its way to the daily trendline I have put that trendline in black on the chart to show where the channel could be headed.
Quick note... BTC Bitcoin appears to have aligned with Gold in 2020. See the buy signals and one sell signal almost co-aligning in the overlaid charts.