Daily Rsi shows a meaningful divergence. It's possible to have a severe crush.
FULL Trading Portfolio Update! How I'm positioning for what comes next in the markets. In this video, we will discuss: -How I'm positioning my trading portfolio right now -All my current H5 trades -All trades I CUT loose -What comes next! Check it out now for all the updates and some great trade ideas Not financial advice.
Ive traded gtbif green thumb successful before and think this might be the time to trade again. Gtbif is one of the biggest holdings inside this Msos etf. I like the etf MSOS, the shares of GTBIF, and any of the other profitable Cannabis stocks. Looking for mean reversion, even 2x upside potentially. Long 3 strike calls on MSOS. if trade in options works, I may roll back into the etf and keep for free from gains.
Gap fill at 222 would be super healthy are you comfortable watching it fall? If not maybe youre over leveraged
It sounds that the ascending channel can no longer bear it. In case of losing it, upper areas can come to rescue.
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. The new code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot. Anyway, MOVR has been in a downtrend, a long and deep one, almost since birth. Then, MOVR broke the curved downtrend line, and a new upward wave started. Correction unfolded in a descending channel, then MOVR broke the channel and the next upward wave started. Let's see how high MOVR can go.
The daily chart above highlights FED interest rate cut decisions with vertical lines. I've used the DJI ticker instead of SPX, as it provides a more comprehensive representation of the overall market, unaffected by the dominance of the Magnificent Seven. My analysis focuses on monthly candle peaks (indicating overbought conditions) and lows (indicating oversold conditions), as well as direction reversals. This cycle repeats, forming higher highs and higher lows. By identifying these patterns, we can determine the market direction, which is either trending upward (green) or downward (red). Now we know the direction where the market is heading. Its either trending to form a new higher high OR new higher low. With that understanding, when we plot vertical lines on FED decision days, the direction has not changed. HOWEVER, the decision is accelerating the market direction to its targeted price(either higher high or higher low). The above guidance is for swing traders for a duration of about 2/3 weeks. Intraday traders can benefit this by looking at days high and low before decision announcement and knowing where the market is generally headed. As a trader, I utilize custom-built screener tables that cascade data across multiple timeframes and stocks/sectors. This unique approach provides a fascinating big-picture perspective, highlighting strong stocks and sectors. Reach out to me OR follow me for further insights. Happy Trading!!
AMD broke the lower long term trend line with no substantial support until the next Fib retracement that matches prior support. If time trends hold, end of Jan '25 could potentially be the start of a new uptrend.
After the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse. A bearish order block just below the recent highs would be a good price target for a long trade.
Lower area has been proved to be robust support. Breaking above 2.7 will release the beast. Trading in areas between the support and resistance is little bit adventurous!