Downloading...
Download

Week

Finding support on the 200 week moving averagethe BLX chart has the cryptomarket charted since 2011 and during that charts entire existence we have always held support above the 200 week moving average (in blue) We have now touched it again and are seeing a relief bounce....judging by the weekly stochrsi we will likely see a nice bounce here. However I think t his rally may be temporary I think we may ultimately maintain support on the 200 weekly moving average but we may revisit and throw a wick well below it for our capitulation candle (around february) although we may still close that capitulation candle above the 200ma as well. A good time to be long temporarily but remember we likely haven't seen our capitulation candle just yet.
BNC:BLXLong
by DrDovetail
Veracyte Stock (VCYT) on the Rise, Just Hit 52-Week Highs MarkFrom a Technical Analysis point of view, our (Mstardom Finance) proprietary trading strategy told us that the moving average accumulated over a month’s time for VCYT is $11.54. So, we should buy the stock when it falls below $11.54 preferably when it falls anywhere between $8.85 and 11.54. On the other hand, our proprietary trading tool told us that we should sell the stock when it gets close to the $14.32 level or above. Don’t be greedy, though. Traders don’t have to wait until the price hits the $14.32 target before taking profits. Traders can take profit at any price point that is close. In fact, anywhere between $14.32 and $17.00 is a good take-profit point for VCYT because if Traders don't take profit along this range, They run the risk of losing out on a profit-taking opportunity and run the risk of having the stock fall back down toward its moving average. A stock will always revert back to its moving average or mean within a certain time. This is called mean reversion; look it up. It is a very important concept in institutional trading. I will be releasing a book on institutional trading in a few months; this book will help the retail trader trade like the professional traders who trade for investment banks, mutual funds, and hedge funds. Keep in mind that the stock VCYT will continue to rise with a steady moving-average-increase to the upside with the occasional short-term pullback. This stock is a good stock to buy the dips and sell the highs on. At a later date, we will probably write another technical analysis article on this stock. Click here for the full article which include Fundamental Analysis and confirmatory information on why the stock has hit new 52-Week Highs.
NASDAQ:VCYT
by mstardom
EUR/USD: Net-Long Traders Flood In Since Last WeekNET-LONG POSITIONS SPIKE 52.7% SINCE LAST WEEK FOLLOW Our Profile- www.tradingview.com EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week. To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar. BEARISH BIAS LURKS OVER EUR/USD We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias. TO get more information and hourly alert analysis FOLLOW Our Profile- www.tradingview.com
Long
by kabbo12
NDX: Nasdaq 100 A good end to the week in storeNasdaq 100 NDX Reading 2578 now - can come back to 7569 on the open but should hold hold up here if the day is to remain a good one....think it will be after a twitchy start. Marketmakers need to try shaking the tree to get some stock on board...don't think they will shake out much though - which should bode well for the rest of the day if correct. A potentially great end to the week in store... *For fastest updates in real-time please see link, top-left of main page.
NASDAQ:NDXLong
by sumastardon
NAS100 Nasdaq 100 Index An Important Week AheadNAS100: Nasdaq 100 Index - An Important Week Ahead Nasdaq never made it to 7518, failing badly at 7495 and then breaking the first support at 7479 and then falling another 100 points to 7380 before bear closing in the last couple of hours on Friday took the index back to the 7414 line and a newly forming dynamic resistance line just above price now. It should fall away from here back to the 7380 -7371 range on Monday. There is further support at 7355 but the pattern is negative and though it may bounce here once tested it's likely to fail a little later. Once it fails it should fall away further to retest the 7300-7283 range and ideally to spike off the lower parallel just below here. Any break below the lower parallel (not a spike) will turn the medium term trend to negative. It looks like an important start to the week lies ahead. * For fastest major market updates in real-time please check the link at top left of main page.
FX:NAS100Short
by sumastardon
NZDUSD SELL SET UP (WEEKLY)Hello everyone, I was a bit worried about NU for a couple of reasons, it kept doing 100% retracements and in my opinion one of the pairs that I really don't trade but this BOS( Break of Structure ) on the weekly tf shows that even if it does another 100% its going to be heading to the downside(bears). I charted some possible areas were we might see the retracement before heading down, please let me know if you have any questions. I would love to offer my help to new traders by answering questions they might have or if you would like me to look at your charts feel free to send me a message. Thank you.
Short
by ApxnLiving
[1 week] BTC needs to make a move. Either 12k or 4/5/6k incomingWe are just a smidge under the 50MA on the 1Week. In the history of 50MA on 1 week we seem to have always not dropped below it, so I would assume this could be a major sell indicator for whales if we stay below it for too long. My RSI indicator of 46 we seems to be holding the line(when we see 45 below it might be time to sell) StochRSI is looking to swing up, but we still have alot of room to move down(4/5/6k area) (most likely 6k) Good luck
COINBASE:BTCUSD
by barenakedcrypto
USOIL: WTI June 3 Trade Points For Week AheadWTI USOIL: June 3rd Trade Points for Week Ahead Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week 1 pip below the next key support at 65.55 - and busted out the long stop just under 66.47 for a few pips loss as it fell, before a little bear closing at the end of the week to finish at 65.69. This price action has left WTI on a knife edge, saved by the closing bell at the downside limit and in desperate need of buyers right here to avoid a another plunge to 61.92 initially. Any fall below 65.40 can be shorted using a stop above the 66.48 line to begin with looking for 61.92 initial downside..Any subsequent fall below here will signal further weakness to 60.21 and later to 58.25 as we move through the summer months Looking at upside potential from here, the 65.55-65.50 level is critical to the medium term trend. Bulls know full well this is their last stand for the summer ahead. It may well try to rally away from here but am not looking to buy it again after the pattern it's made since the last rally attempt. But it may tempt contarians...in which case please use a stop only 10 or so pips under the lows of last week and be ready to reverse short if broken. Am hoping for a good break lower here - but it may defy us a while longer yet if it can find some respite right here. If so, be prepared wait a little longer still or perhaps consider setting an alert
TVC:USOILShort
by sumastardon
1
UK100: FTSE 100 Index Trade Set-Ups For Week AheadFTSE 100 Index UK100 Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse wave and chanelled down the smaller falling pair of parallels from the new high. Whist constrained within the channel FTSE remains vulnerable to further selling pressure back to the first minor support line at 7691. Failure to hold here will trigger a shorting opportuninty back to the 7600-75832 range where it should attempt to bounce away to the upside again. Looking beyond that bounce, should 7580 fail further out in time FTSE will likely fall away much further over the summer, to a new downside target in the 7335-7294 range. Returning to the upside FTSE has to break back above the upper parallel carrying the current down-wave for the bears to back off again now - it can do this, but only if 7691 holds up on London open. This level looks key to the near term. It must hold here and bounce up through the upper falling parallel and then hold up on the restest once it is broken above - if we see this kind of price action soon after the open can look to get long with stops under the 7690 level, but still ready to reverse again short if the stop is broken by 10 or more points.
OANDA:UK100GBP
by sumastardon
WTI: USOIL A Big Week of Opportunities AheadWTI USOIL Week Ahead WTI has fallen away in a straight line ever since the short triggered on Thursday and is now around 390 or so pips to the good. It should fall away a little lower still, towards the first support line at 67.22 and can spike down to 66.48 at likely lowest before it starts to bounce away to the upside again. Look to close out at least half of the short and drop the stop on the rest to just 11 pips above current close (but not until London opens). We should see a good rally from this range back as high as the 69.48 line. If wrong at this point and WTI finds no support arriving from London it will then plunge lower still until it can find buyers again at the 65.55 line where dynamic and fixed support lines meet. From a bull perspective this level must hold through the coming week at lowest. Any failure here will tip WTI into deeper bear territory still and force a capitulation move back to 61.92. Some good trades still to be had from this complex. Second only to Bitcoin for volatility and fine trades - but the spread is wider, which is odd considering the great old age of one complex against the infant's age of the other. The old and the new. Probably the two best playing-fields across the entire spectrum of investments - for active traders and momentum traders alike. But ETH is beginning to challenge this hierarchy as the weeks pass by. More on that one later
TVC:USOILShort
by sumastardon
2
AAPL: Buy Opportunity on Further WeaknessApple AAPL It took 18 months for Apple to double from the low at 91.5 to a highs at 180-183 before a 16% decine to 150 (WD Gann would have loved this stock as much as GE, probably;) Like FB, Apple has closed out the week sitting on top of the structure to its left. And in classical fashion, if the 165-164 levels fail to hold from here it's then likely Apple will fall away further, to 160 initially and then, after a bounce there, back to 155 and to 150 at lowest, most likely. Look to use any further weakness here in the early part of the week as a potential near term buying opportunity
NASDAQ:AAPL
by sumastardon
1
Nasdaq 100 Index Potential Trade Points for Week AheadNasdaq 100 Index NAS100 The gyrations of February have created some interesting patterns on Nasdaq. After rallying to double top around 7000 it has subsequently fallen away to create a continuation pattern under the high, finishing the week by closing at the upper parallel of what may be a bull flag in formation. For that to remain the case Nasdaq has to push on higher from here, up through the uppermost small parallel of the potential flag. And that same parallel has to hold up on the next retest from above if and when it is broken above. If it can manage this then the pattern changes from negative/vulnerable to positive. If we see it happen we can follow long again. But until we see this price action materialise this index is still vulnerable and whilst unable to burst higher from here is therefore liable to fall away again on lack of buyers. If so the next question/clue will be: can make a higher low at around the 6694 line ? - that would be first bull signal - and the second would be breaking back above the upper parallel and holding on retest (above) - if so, it can be followed long. Worth watching in the opening 30 minutes or so of whipsaw as the market opens - we may see a chance of a long emerging as the dust clears a little 30 to 60 minutes in. If so it should re-visit the highs again at 7000-7035. A move above 7045 would in turn be another very bullish signal, suggesting further medium term strength up to 7660 and nearer term strength to 7246. However, until Nasdaq can make this break higher it's still vulnerable to a potentally large sell off again. Near term support at 6775, then 6994-6687 and last gasp for the bulls from here at 6614. It must hold up here during the course of this new week if it is avoid a further and potentially steeper decline back to 6371, presenting a good short if we see it develop at any point over the next day or two.
FX:NAS100
by sumastardon
S&P 500 Index: SPX - The Trump Roller-Coaster Ride in 2dS&P 500 Index SPX The Trump Rollercoaster Ride in 2d - The post-Trump rally in the S&P has been a text-book affair, with 4 clear phases and speeds, like a car going through the gears. First gear is the lower parallel with a direct hit on the day after the election in November 2016. It rallies and then drops in gear/speed, the technical equivalent of double-de- clutching, in a rising continuation pattern, which goes on all through the following summer. Then in mid-November, a year after the paradigm shift, it picks up speed and slams into 3rd. And then right on the turn of the new year 2018 it takes off vertically, a final straight-line ascent with another perfect speed/trend/dynamic support line running right under the lows. It is about as technically perfect as you can find (outside of Bitcoin, of course). The great 37% Trump rally then ends with a complete break/fracture as the SPY gaps down from the support line (exit all longs!) and then dances in thin air (think:Wile.E Coyote, green arrow) for a little while and then collapses and creates another gap - thereby creating an island reversal at the top - one of the most rare and powerful and reliable reversal signals of all in a major market index. (Bulkowski does not differentiate much between indices and individual stocks in this respect which is a shame as both behave quite differently. Island reversals are rare at both tops and bottoms in major market indices, usually). Whatever, the result was spectacular. A week of mayhem took the index crashing back to the lowest 2 parallels' intersection /gears 1 and 2 again - before rebounding. It finished last week right under an important near term resistance line at 2690 and which extends to 2701 on this chart - this index is still in danger of further correction whilst below here. I has to move above 2702 and hold up there through the opening 30 minutes - if it can manage this the bulls are likley to push it on tup to 2714 to begin with and then after a little while consolidating on up to 2748. Two near term potential long trade set-ups. Returning to the downside, the S&P is still vulnerable to further correction whilst unable to break and hold above 2701-4 on SPY - even if it can manage to rally and hold above 2704 it's unlikely to get much higher than the 2749-2755 range before falling away again so will not be pushing it here even if we see upside trades trigger. It really looks like it needs to come back and retest the lower parallels again in the 2555-2550 range before it can really hope to stabilise. At all costs the lows at 2539-2530 must hold up this week on any retest. And if we do see this retest unfold at any point will be looking to buy here so long as it starts to hold and fight in this range for 5 minutes or more but still ready to reverse this tentative/speculative long shot if triggered by the price action needed. Because if not and it breaks lower than 2530 it will open a good shorting opportunity back to 2488 at least and maybe 2416-2400 range at lowest before the next great rally commences. An interesting week lies ahead for the S&P and by extension the savings/retirement accounts of pretty much everyone in the world. Really want to be wrong on this one. But it just doesn't look safe whilst stuck under 2700.
SP:SPXShort
by sumastardon
ETHUSD - Looks great, but what could hold it back?I look for inside bars, because they quickly show me when there is price consolidation, and price consolidations is where big moves typically come from. Now, which inside bar of the four charts has the better chance for an upside move? On the weekly charts of the four GDAX USD Crypto pairs, one can clearly see ETH had a stronger week out of the two-bar, inside bar combo. ETH also has to gain only 16% above the prior week's high to get back into all-time highs, where every long position is a winner. Contrast that with the overhead supply on the other three cryptos. A large amount of overhead supply typically translates into rallies being sold into because the longs that have held through the downtrend have buyer's remorse, and will be looking for any opportunity to get out at or near their break even point. While it seems like a slam-dunk to go long, or add to ETH, BTC seems to influence the rest of the crypto market, so ETH's upside might be dampened by BTC's overhead supply. It's possible it could take several weeks for BTC's supply to get absorbed by the market.
COINBASE:BCHUSD
by webbie
Gold: XAUUSD Look for potential top this weekGold and the Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high.Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week - rejection spikes appearing on the 1, 2 and 4 hour charts will tend to confirm that gold is changing trend (the longer the better if looking to short here) and a break below 1341 will further confirm, triggering a short back to 1306
FX:XAUUSD
by sumastardon
1
XAUUSD and DXY - Gold top likely this weekGold Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high. Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week.
FX:XAUUSD
by sumastardon