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Bullishrsidivergence

DOT RUNNING! - UpdateDot has broken past the local golden pocket and the final major local resistance, and is currently pressed against the top of the major golden pocket,. which tracks back from the May - July dip. Chart Patterns: Dot rejected the bearish head and shoulders pattern that I had previously predicted on Sept 30th. The Head and Shoulders pattern from September could be looked at as a symmetrical triangle with a target price the length of the tail (around $44) The technical indicators shown: MACD - Has turned up and is bullish green, which signals to me that DOT will break farther upwards. RSI - Shows bullish RSI divergence moving forward. Note, I have the bearish RSI Divergence marked from April - MAY which signaled the major dump. The bullish RSI divergence SHOULD be the same, but opposite, strength as what we had in May. Fix Range Volume indicator: Shows we have broken past the volume resistance. ITG Scalper - Shows a buy signal from about a week ago. My strategy: First off, I would like to note that DOT in my opinion has been manipulated HEAVILY in the last few months and should be a top 5 project. I closed position between 38 and 36, and started looking for a buy position when DOT bounced off of the $26 mark. I entered around the $28 mark and currently holding that position. If we bounce off of the golden pocket with force, I will close position and look to reenter around 30, or on the break upward past the golden pocket. If we break past the top of the golden pocket, my targets are: $44, $50 (this is ATH), $62. Currently looking for a price target at the end of the bull run $100 by December, $250 if extended. This is not Financial Advice.
Long
by Jfcaldwell
IWM: A 52-week high is comingDear all, in my last post on IWM (IWM is looking good: ) I used Elliot Wave analysis to project a target of 171.5 to 173.6. While I am still bullish on IWM it is having trouble breaking 169.3 which equates to the 0.382 resistance in the Fibonacci. Once we break this resistance we are probably headed to new 52 week highs and this is reinforced by recent price patterns; namely a cup and handle which has recently formed as well as moderately bullish RSI divergence (represented by two yellow lines in RSI and one on the chart). A cup and handle is considered a bullish continuation pattern and I am using it to identify what I think is a buying opportunity. We see a U-shaped bottom coupled with a handle which does not drop more than 1/2 the depth of the cup that experiences a decrease in volume (marked with a orange) all of which are characteristic of a cup and handle formation. To gauge a price target we take the depth of the cup and apply it to the bottom of the handle; this imputes a value for IWM of 171 in the coming days, lets see what happens. Thanks for reading, questions, comments, and criticisms are welcome.
AMEX:IWMLong
by TNasr
EURGBP: ONE OF TWO ABCD PATTERNS COMPLETED @ PRZ !!!Hello Traders, We have got another very good setup on EURGBP , which is same as the EURUSD long trade setup. We completed at least 1 of the 2 patterns completed at PRZ. Notice the bullish RSI divergence as well. This pair correlates quiet well with EURUSD , so better to spread out your risk. Structure based targets are labelled above, stops is very tight since the market is so close to the previous structure level (higher low). See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter10.97% as well: moneymaking2016
Long
by moneymaking
6
EURUSD: TWO HARMONIC ABCD MOVES COMPLETED @ PRZ !!!Hello Traders, Here we got a really nice setup on EURUSD , which includes 2 harmonic ab=cd moves completing right at potential reversal zone (PRZ), which includes Fibonacci retracements and extensions, as well as strong support level. Notice we are also getting bullish RSI divergence at this current level. Market is sitting right at the entry point, so this is a long setup at market price. I am shooting for the structure based targets (marked by green horizontal lines). Stops go under the previous structure higher low. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter10.97% as well: moneymaking2016
Long
by moneymaking