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Tag Archives: equidistant channel

WTI report for swing/day trades #13

2 charts of WTI supporting a long continuation trade. Reversal pattern at bottom of channel supports going long for swing traders.

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Add these 3 features to your EURJPY chart

3 elements in EURJPY chart from May 2016 to 22 June 2018: A) up-equidistant channel B) down-equidistant channel and C) rising mid-extended trend line. Expect price action to test these elements in any order for support and resistance.

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SiMSCI weekly chart with 4-line weekly exponential moving average roadmap

SiMSCI the 6th element; there IS a change in the market

Chinese New Year is coming so there will be a 1-2 week period where a significant segment of traders go away. Low volume environment could lead to melt-up or melt-down easily (see green zone). Moving average suggest 13-week ema could become potential resistance. Could see pinball action as market fights.

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BTCUSD daily chart

How do I tackle this BTCUSD chart?

I can’t make up my mind about this chart. Technical analysis concepts do apply but fluctuations are just huge. Try to slice finely on very low time frame or go for broad strokes and be ready to deal with big P/L movement?

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XLRE weekly chart late 2015 - January 2018

Signs of bearish reversal for XLRE

XLP retains it’s status as a leading bear sector in the US market. At the moment, moving averages, price action and chart pattern paint a bearish reversal setup. 1) Moving average dead cross. 2) Bearish expansion in January terminates last 4 quarters of higher lows. 3) Fallen out of equidistant channel.

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