Posted by mrjasongill on 9th of Apr 2020 at 01:29 pm
I think so...throw RSI on your hourly time frame and there's
divergence plus on the daily time frame this 2809 level was support
last fall and resistance end of 2018. Plus it's the 50%
fib....plus the rising wedge you show on the hourly....Maybe pull
back to fill the gap around 2750 next then work it's way up to the
50 day MA around 2890.
https://www.tradingview.com/x/KNzW1KoF/
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easy low risk trade here
Posted by chadtech on 9th of Apr 2020 at 01:01 pm
easy low risk trade here
https://www.tradingview.com/x/BVT4rbwQ/ A wedge in a wedge
Posted by Orangeman on 9th of Apr 2020 at 01:34 pm
https://www.tradingview.com/x/BVT4rbwQ/
A wedge in a wedge in a channel... Gives you some potential targets if/when it breaks...
on the flip side, this
Posted by Orangeman on 9th of Apr 2020 at 01:44 pm
on the flip side, this could be a trend-day stoch momo setup... 50 MA coming up on 5m chart for SPY
I think so...throw RSI on
Posted by mrjasongill on 9th of Apr 2020 at 01:29 pm
I think so...throw RSI on your hourly time frame and there's divergence plus on the daily time frame this 2809 level was support last fall and resistance end of 2018. Plus it's the 50% fib....plus the rising wedge you show on the hourly....Maybe pull back to fill the gap around 2750 next then work it's way up to the 50 day MA around 2890.
https://www.tradingview.com/x/KNzW1KoF/