Overbought
Will AKAM retest February lows?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 116.2.
If this instance is successful, that means the stock should decline to at least 115.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.488% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.983% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 11.105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 9 trading bars; half occur within 17 trading bars, and one-quarter require at least 26 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Avis CAR heading down soon?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 278.865.
If this instance is successful, that means the stock should decline to at least 276.66 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.741% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.867% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 11.846% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 18 trading bars, and one-quarter require at least 32 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
DG hit probable resistance on FridayBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 226.135.
If this instance is successful, that means the stock should decline to at least 224.83 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 1.767% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 3.167% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 4.958% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 21 trading bars, and one-quarter require at least 27 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
LOVE likely to drop very soonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 48.06.
If this instance is successful, that means the stock should decline to at least 47.35 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 8.856% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 11.629% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.77% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 12 trading bars, and one-quarter require at least 30 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NZD-JPY Overbought! Sell!
Hello,Traders!
NZD-JPY is surging up in a strong bullish move
And the pair is locally oversold
So I am expecting a bearish correction
From an important resistance level above
Towards the demand levels below
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
NZDJPY H&S Formation - Huge Sell opportunity Here is a new SELL Scenario for NZDJPY , there is here a very high probability of head and shoulders formation.
I expect a sell between 80.400 - 80.700
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
RSI AMPLIFIER// (v4) RSI AMPLIFIER ( MCDX-Oscillator + Renko-Filter ) ( BTC ) ( 1h,2h,3h,4h )
//Authors credit:
//Smart Money based of / Indicator | MCDX
//Renko Volume based of "Weiss Wave Volume" / "WWV"
//The SmartMoney MCDX (MultiColor-Dragon) amplify rsi values to give confirmation of so called BANKER or SMART-MONEY against Retaillers.
//The main issue to me was that the original "SmartMoney MCDX" give only half the potential information since it focus only on positive price action.
//Therefore this version is a SMART-MONEY OSCILLATOR built to give entry/exit signals for shorts as well as long.
//The Real-Momentum plot replaces HOT MONEY (area, darkgreen/darkred), react quickly to oversold/overbought and hit the max/min value at almost every bar.
//The Over-Extended plot replaces BANKER MONEY (stepline, yellow/blue), need a stronger oversold/overbought value to move from the middle.
//The Signal-Line plot (line, green/red, with filler), is halfway between the Real-Mommentum & Over-Extended trying to give a signal after the move start but before the biggest candles.
//
//The original RETAILLERS MONEY carries no information and as been erased.
//
//Renko-Filter reduce the noise by adding volume values to each new columns until the trend reversal.
//How to use:
//
//The purpose and logic of this indicator is " Amplify to Simplify "
//
//Enter trade when the Signal-Line leave the middle.
//Long when it go TOP GREEN / Short when it go BOTTOM RED
//Exit trade when the Signal-Line return to middle or/while the Renko-Filter reverse.
//
//When you analyze the chart stay zoom out with max/min on the edges of the pan. Only the biggest Renko-series will be visible.
//When trading, you may zoom in to see evolution in real time.(version built for minutes time-frames in progress)
//
//You can easily set a LONG TRADE alarm on the Signal-Line, choosing "Greater than 10" then "Less than 50000"
//You can easily set a SHORT TRADE alarm on the Signal-Line, choosing "Less than -10" then "Greater than -50000"
//
//Be careful when Real-Momentum start being choppy or simply goes too much/too long in the opposite side of the trend.
//If the Over-Extended plot follow the Signal-Line after you enter a trade, you're good but always exit before the Over-Extended return to mid.
//Use the Renko-Filter to detect lauching Extended-Trend, to confirm Real-Momentum reversal, or to stay in a trade to the last candles.
// INFO:
//This version is built on purpose for BTC 1h/2h/3h/4h, differents assets, time-frames or exchanges may need change.
//If you can't see the Over-Extended, Signal Line or Renko-Filter with a particular time-frame or asset, you can change the value of the rsi at "rsi := 500000" & "rsi := -500000".
//Change by a value > to that of the candles (last value in status line).
//Zoom in on the indicator to see the Renko-Filter but idealy you want to see the max/min value of the 3 plot of the indicator(default = 50000).
//
// Overlay:
//You can display this indicator directly on your Chart and set No scale (fullscreen), to use it like as a RSI Baseline.
//If so, i made specifics version doing it by default (overlay,BTC)(overlay,largeCAP).
//@version=4
Atomera May Drop SoonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 11, 2022 with a closing price of 15.8.
If this instance is successful, that means the stock should decline to at least 15.58 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 5.756% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 9.602% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.873% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 2 trading bars; half occur within 4 trading bars, and one-quarter require at least 17 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
CHFJPY - TRIO Retest!CHFJPY is overall bullish trading inside the blue and green daily channels.
I find the upper bound interesting as it is the intersection of the upper daily trendlines in green and blue, and the upper weekly trendline in brown.
The highlighted purple circle is a strong area to look for sell setups as it is the intersection of three trendlines. Which I call " TRIO RETEST "
As per my trading style:
As CHFJPY approaches the purple circle area, I will be looking for reversal sell setups on lower timeframes (like a double top pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC BearishSince the fear of extraordinary high inflation and the corresponding provisions against it are shocking investor's sentiment, I want to warn from "unexpected happenings" in the near future.
I would not believe, that current levels will be held. We might see a continuation of up's and down's for a few weeks, but after March (point of time where the FED will stop its balance sheet expansion), I can't see prices being sustained at this level.
The Money Flow Index is near it's overbought range, which indicates a broader top-ish area, as well as we are still below the Cloud.
Passiveness is recommended.
MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
ETH Overbought - Corrective WaveCrypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December.
Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as resistance and ETH to take a breather, stepping back to the 2750-2800 level, which sits between the 0.236 and 0.382 Fib levels.
EURNZD - OVERBOUGHT - big correction lower expected ?Hello Traders
Here is a new SELL Scenario, a big drop is expected before going up until 25 february, bullish will be exhausted soon ?
Will EURNZD follow its seasonal pattern lower again this year ?
✅ EUR / NZD SELL between @1.70900 and @1.71300
TP1 @1.71100
TP2 @1.70900
TP3 @1.70700
SL @1.73500
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
Risky play, TSLA in a downtrendThe trend is your friend.
Tesla looks like it's continuing the downtrend, As much as I admire Musk and his vision, stock price is severely overvalued and needs to regress to mean.
Every bounce towards the upper trendline is an opportunity, my ideal entry is around $935-950. TP sub $700 then set trailing SL,
RSI downtrend too,.
(Not financial advice, just some logical opinions)
NASDAQ:TSLA
BTCUSD two scenario, watch out for break outBTCUSD is between resistance level 38322 and support level 37521.
if BTCUSD breaks and close below 37521 and the trend line, wait for pullback or retest of 37521 and go short target is 35550.
if BTCUSD fails to breaks below 37521 and the trend line and breaks above 38322 wait for retest for long position but 38322 is strong resistance level which i think BTCUSD will need some strength to break which is the reason why BTCUSD has to go down to pick up some strength.
GBP/JPY SELL ?On a Monthly/Weekly TF it seems like the market will be rising again. But im looking for sell opportunities on lower TF's. I got two possibilities first one is that the market will be pushing down for now on or make a push to the upside and form a ABCD Pattern and than drop again. What do you guys think?