20% to 40% Dip Coming for Microsoft?DISCLAIMER: This is not trade advice. This is for educational & entertainment purposes only to demonstrate how I am looking to be involved with this market. Trading involves significant risk, do your own due diligence.
A concerning sign for Microsoft bulls triggered a few weeks ago. We saw the DPO divergence confirmed. Price targets to the downside of this confirmation imply a 20% to 40% dip is coming for Microsoft.
Do you think Microsoft is heading for a dump?
I do.
See you down there.
Oscillators
COT Strategy - SHORT JAPANESE YENDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Japanese Yen (6J)
My COT strategy has me on alert for new short trades in 6J if we get additional bearish entry triggers (this week a divergence entry triggered short).
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Gold & Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Small Specs most long they have been in 3 years = bearish.
OI Analysis: OI has been increasing on up move. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish.
True Seasonal: Strong seasonal tendency to go down to October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: %R
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
COT Strategy - Gold ShortDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Only thing that would be better is SS's making an extreme in long positioning, but no luck with that yet (but something I'm watching).
OI Analysis: OI has been increasing on up move since June. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish. In the case of Gold, it is being caused by LS & SS's, which is bearish.
Spread: Bearishly diverging.
ADX: Diverging, implying the trend lacks integrity.
Supplementary Indicators: Acc/Dis , %R, Stochastic & Momentum (not yet triggered)
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
COT Strategy - Crude Oil LongsDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL again this week. To clarify, this was setup last week also, and triggered me long this week via a CCI divergence long trigger. Based on this weeks COT strategy analysis, I think this is a nice market for further upside and will look to enter again via 18MA & 10H8C MAC entry methods.
COT Commercial Index: Buy Signal.
Net Positioning: Max long of last 3 years - bullish.
Small Spec Index: Buy Signal.
Valuation: Undervalued vs Gold & Treasuries.
Front Month Premium Market.
True Seasonal up to Mid October.
Supplementary Indicators: Stochastic.
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a Daily long trigger.
Good luck & good trading.
$SPY September 21, 2024AMEX:SPY September 21, 2024
Daily.
I still have target 580 levels. Then a big move after consolidation.
60 Minutes
Uptrend Confirmed.
For the rise 539.95 to 572.88 holding 560-565 is crucial for further targte 580 initially.
556-558 should provide good support as it is 100 and 200 averages in 60 minutes time frame.
Now we have oscillator divergence.
SO AMEX:SPY should consolidate between 560 570 levels for 2 or 3 days.
15 Minutes.
For the rise 560.84 to 572.88 AMEX:SPY has retraced 61.8%. Hence a temporary double top around 570 levels can be expected.
We have 2 HL supported by oscillator.
At the moment 565-566 should give a good entry point. In 15 minutes weak below 563 levels as 200 averages could be broken.
LendingTree, IncOn the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:
1) You know why..
2) RSI resistance breakout.
3) Multiple oscillators print positive divergence with price action. More or less all of them.
4) No stock splits.
5) Some other things, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe:1 month, no rush.
Return: no idea
Stop loss: will say elsewhere
RealReal, Inc.On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action and RSI resistance breakouts.
3) Bullish divergence. Multiple oscillators are printing positive divergence with price action.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 90 cents
CCL Carnival Corporation, Too cheap? Bullish candlesPrice broke a resistance, and the difference between the other breaks, is that one are followed by a DMI and ADX confirming Long, The fast SMA have already crossed the others moving averages, increasing the idea of a continuation of price rising
With the cut in interest rates, and earnings in 11days, I think this will be a great price to buy.
Reddit increasing value; Indicators showing strength After a dowward movement since July 15th, we got a support and a change direction in early August, however during several days, the price oscillates making a rectangle.
The price cross over the rectangle resistance before FED cut interest rates.
The price went long and we can confirm with volume that transaction are rising.
At the moment the price are in an important resistance, nevertheless this time, MACD is above 0, and ADX is crossing DMI- with DMI+ already in a long direction.
It can be a cautious entry, by just waiting for a strong bullish candle, or be more agressive and take the opportunity from the indicator
PLTR signals reversal is close byPLTR gaps below upward trend line showing last few days as a false breakout with price exhaustion
horizontal support forms. Once PLTR breaks below this and holds, more selling to come
RSI pushes below SMA showing validation with the move.
Volume increasing on the gap also giving validation to the recent move down
We should start to see more weakness in the stock going forward for a little bit.
UEC - COMMODITIES ON THE RISE - NUCLEAR CHRISTMAS SURPRISELooking at the most recent correction for UEC, nice accumulation.
Oscillators looking good, bullish divergence on recent lows.
BROKEN OUT OF FALLING WEDGE PATTERN and RESPECTING THE FIBS.
Looking to add more 5.05 area if possible.
First area of resistance above is 6.00-6.20 range. Once that has flipped to support, we could see $10.00 by Christmas!
Commodities are heating up...
LFG
7 cents to $4 in 7000% move for NKN?On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support on past resistance. Look left.
3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period.
4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return.
Is it possible price action corrects further from 95%? Sure. Sellers love it.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Timeframe for long: This month
Return: 7000%
Bear Flag w/Confirmed Bearish Break - EGHere I have EUR/GBP on the Daily Chart!
Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag.
-The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break
Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward!
-Looking for a retest in the ( .8430 - .8435 )
Indicators:
- Price trading Below 200 EMA
- RSI Below 50
- BBTrend Printing Strong Red Bars
- Volume showing Bears accumulating
Worse places to be than long AUD/JPY if risk is rallyingIf we’re about to see investor risk appetite improve markedly, there are worse trades to have on than long AUD/JPY.
It’s had a strong bounce today, helped initially by rising US bonds yields propelling USD/JPY higher before another bumper Australian jobs report reinforced the view the RBA may not need to cut interest rates this year.
The bounce from 96.223 has seen the pair break through the downtrend dating back to the record highs in July. With momentum indicators providing bullish signals, upside looks far easier than downside near-term. With only minor resistance at 97.621 and the 50-day moving average in between, a retest of the important 200-day moving average may be on the cards.
Ideally, it would have been nice to have caught the initial leg higher as Asian trade got underway. You can still go long here with a tight stop below the uptrend it’s been bouncing off since Monday, but a better long setup would be to either wait for a potential pullback towards 96.223, allowing for a stop to be placed below for protection. If no reversal arrives, you could wait to see whether the price can pierce 97.621, providing the opportunity to buy the break with a stop below for protection.
From a fundamental perspective, one risk is the BOJ rate decision on Friday. Even though no move is expected, and that markets are already priced for more modest rate increases over the next 12 months, traders have been super-sensitive to signs of BOJ hawkishness recently. That could spark a reversal but it should not come as a surprise.
Good luck!
DS
Inverse Head & Shoulders Pattern Signals Bullish Breakout Ahead!Current Price: 141.683
Currency Pair: USDJPY
Time Frame : 1H
This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning with key resistance.
The RSI at 58.75 suggests room for further upward movement without being overbought. However, if the retest fails, it could be due to a weak bullish momentum or increased selling pressure, pushing the price below the neckline and invalidating the reversal. In this case, the next significant support level is at 139.675. Despite this risk, the bullish scenario remains more likely.
Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart!
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
CHAINLINK long setup / Bulls or Bears, Tell me in CommentsBINANCE:LINKUSDT
COINBASE:LINKUSD
Hello Traders
💥Long position on LINK
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
10.62
10.72
10.85
10.94
11.08
11.20
🔴SL:
9.99
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Do you like to see some magic!? / (MAGIC long setup)BINANCE:MAGICUSDT
COINBASE:MAGICUSD ]
Hello Traders
💥Long position on MAGIC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.3587
0.3683
0.3789
0.3915
🔴SL:
0.32
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
QQQ continues to test major resistanceQQQ rallied up its resistance and tests with false breakout
Volume increases over day before yesterday as resistance is tested again
RSI trends downward and stays below SMA
QQQ has been trending downward since August and now trying to break through its major resistance. Generally September and October are not great months for the market so extra caution must be taken during this time
$SPY September 18, 2024AMEX:SPY September 18, 2024
15 Minutes
AMEX:SPY managed to make an ATH at 566.57.
Now for the rise 539.95 to 566.57 it is important to hold 560.
Below that weakness can be seen for a target 554 +-1 levels. So shorting is not worth.
If AMEX:SPY manages to hold 563-566 levels, we can see 574 +- as a target for the longs.
A retracement is on cards due to oscillator divergence. or a sideways moment between 560-566 levels.
On a daily level, if AMEX:SPY consolidated between 556-566 levels i expect 574 as initial target.
Again. Not the time for shorts for me.
Example of how to use the StochRSI indicator
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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The key is whether it can rise above the important section of 60672.0-61099.25.
However, if the StochRSI indicator is located below the overbought section and the state of StochRSI < StochRSI EMA continues, it is highly likely that it will eventually fall, so caution is required when trading.
If the price is maintained near the M-Signal indicator (above 59053.55) on the 1W chart, it is expected that there will be a challenge to rise above the 60672.0-61099.25 section again.
If it falls below 59053.55 this time, it is expected to fall to around 56K.
The reason is that the StochRSI indicator is likely to fall below 50.
-
We cannot tell how much the StochRSI indicator will rise or fall, but I think it tells us that there will be a change in the trend.
Therefore, the way to use the StochRSI indicator is:
- When the StochRSI indicator enters the overbought or oversold zone and a change in slope is detected
- When the StochRSI indicator intersects and is maintained with the StochRSI EMA indicator
We need to find a way to respond when the above two conditions are satisfied.
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(Example of how to draw and interpret a trend line)
If you look at the trend line from a short-term perspective, you can see that the low trend line and the high trend line intersect in an 'X' shape.
This shape appears when a trend change occurs.
The drawing of the trend line is
1. Low point trend line: Connect the low points when the StochRSI indicator makes the lowest point of the oversold zone.
2. High point trend line: Connect the high points when the StochRSI indicator makes the highest point of the overbought zone.
However, after making the lowest or highest point, it leaves the oversold or overbought zone and then enters the oversold or overbought zone again to make the lowest or highest point.
The intersection of the trend line drawn in this way and the support and resistance points drawn on the 1M, 1W, and 1D charts is likely to be a period of volatility.
However, you should be able to select an important point among the support and resistance points.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The next expected range to touch is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points that are likely to receive resistance in the future.
We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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