#bullish reversal

[likesmoney]

Dollar Update

The dollar printed its lowest point on day 33, placing it in its timing band for a DCL.  The dollar  formed a swing low on Tuesday. Tuesday’s swing low closed back above the 50 day MA to signal a new daily cycle.  On Thursday we see that the dollar formed a bullish reversal off support from the 50 day MA and is in the processor breaking above the 10 day MA. We will use a close above the 10 day…

[signode-blog]

Three Effective Trading Strategies Using M and W Patterns

Let us have look at how we use the M and W patterns (also referred to as Double Top & Double Bottom Patterns) in trading. Here are some Trading Strategies. 1. Double Top (M Pattern) Strategy Description: The Double Top, or M pattern, is a bearish reversal pattern that forms after an uptrend. It consists of two peaks at roughly the same level, with a trough in between. This pattern indicates…

[allaboutforexworld]

10 Candlestick Patterns for Effective Trading

Candlestick patterns are a powerful tool for traders to analyze price movements and predict future market behavior. Developed in Japan over 300 years ago, these patterns are widely used in modern technical analysis. This article will explore ten essential candlestick patterns that can help traders make informed decisions and enhance their trading strategies. What are Candlestick…

[stockexperttrading]

Unlock the Secrets of Trading with Top Chart Patterns! Explore the world of chart patterns with Funded Traders Global. From understanding the basics of technical analysis to recognizing common chart patterns like head and shoulders, double tops, and flags, our blog equips you with the knowledge to enhance your trading skills. Discover advanced patterns like pennants, wedges, and harmonic patterns, and gain practical tips for effective trading. Improve your risk management, pinpoint entry and exit points, and combine chart patterns with technical indicators. Start your journey towards trading success today with Funded Traders Global!

[capitalxtendsmartinvestment]

[guptalok]

Candlestick Chart Patterns - An Essential to Earn Money Through Trading in Stock Market

Traders have been using Candlestick chart patterns for centuries to analyse price trends and predict market reversals. Developed in Japan during the 18th century, this technique gained popularity among rice traders before finding its way into modern financial markets. You might also like : Nifty 50 Prediction for Tomorrow What is a Candlestick Chart Pattern? A candlestick is a candle-like…

[tysonrooney06]

How To Commerce The Inverse Head-and-shoulders Sample

With the investor loosing interest in investing in shares, the volume drops and the inventory worth starts to decline. The heart trough is the deepest and the opposite two are of roughly the same depth. An inverted Head and shoulders pattern occurs when the price of a security drops marking the bearish pattern and reaches the bottom level. Then the bullish development kicks back in and pushes the worth upwards.

In this case, the inventory's price reaches three consecutive lows, separated by momentary rallies.

This breakdown ought to be convincing, occurring on robust volume and coinciding with momentum indicators pointing towards sturdy bearish momentum.

If the value advance preceding the top and shoulders top is not long, the following worth fall after its completion may be small as nicely.

All expressions of opinion are subject to vary without discover in response to shifting market circumstances.

Some progress on the US debt ceiling talks is lifting the general market mood. The Relative Strength Index indicator turned bearish, warranting that additional downside is expected, whereas the 3-day Rate of Change , continues to slide beneath its neutral level. Futures and futures choices buying and selling includes substantial risk and isn't appropriate for all investors. Please read theRisk Disclosure Statementprior to buying and selling futures merchandise.

Figuring Out The Pinnacle And Shoulders Trading Pattern

The neckline can additionally be an essential part of the pinnacle and shoulders sample as it is the stage of resistance that merchants use in order to set up the world vary to put orders. So, to find the neckline, first, find the left shoulder, head, and proper shoulder. Then connect the low factors after the left shoulder with the low after the head, which creates the neckline.

It can be difficult for newbies to determine the altering developments.

Is Your Risk/reward Enough?

Chart patterns Understand the method to learn the charts like a professional trader. Live streams Tune into day by day live streams with expert merchants and transform your buying and selling abilities. A catalyst is something that can move traders or buyers to buy or promote a stock. That’s as a outcome of you must use this sample to discover out a significant change in development. Ascending triangle pattern need a lot of traders to see the sample, so they act accordingly and the price sample plays out.

[gale-gentlepenguin]

Rating the recently revealed Miraculous ladybug season 6 names

601 - Climatiqueen- Sounds like Stormy weather upgrade. Hopefully no clipshow. 8/10

602 - Dessinatriste- Sounds like a depressed athlete. 5/10

603 - Sublimation- Rooster episode maybe? 3/10

604 - Daddycop- Either Roger cop 2, or a kink 5/10

605 -Papys Garous- Racist grandpa part 3 6/10

606 - Princesse Syren- Sounds Disney. 7/10

607 - El Toro De Piedra: I’m bullish on this one 8/10

608 - Vampigami- If Kagami doesn’t become a vampire we riot 10/10

609 - Monsieur Agreste- This better be Gabriel getting revealed as a monster and dying 5/10

610 - Le Château Noir Chat noir house party 8/10

611 - Revelator - Doofinshmirtz named this episode 6/10

612 - Psyconductrice- Idk a psychic chicken. 2/10

613 - Yaksi Gozen- Yakuza Mom! 10/10

614 - Couchorak - Sounds like a Rabbid couch 3/10

615 - La Redresseuse. Sounds fancy. 6/10

616 - Noe- No. 1/10

617 - La Fée De Beaux Rêves. Sounds like a Lila identity 4/10

618 - Les Crassetastrophes- I can smell the pun 8/10

619 - Riginarazione- sounds like an Italian chuck-e cheese. 3/10

620 - Renverse-cœurs- Reverse course? A bit lazy. 2/10

621 - Les Titans Chaînes- This sounds dope. 9/10

622 - Lady Chaos- THIS I LIKE 10/10

623 - Tristanansi- A sad spider? 4/10

624 - La Reine De Frayeurville- something about ruling and I’m bored 3/10

625 - Protocole Secret: Secret mission. 7/10

626 - Nemesis- a bit simple but neat. 6/10

[likesmoney]

Bullish on Bitcoin

Bitcoin broke bearishly out of its mini triangle consolidation pattern on Sunday and delivered bearish follow through on Monday. However, Bitcoin found support at the 50 day MA on Monday and is in the process of forming a bullish reversal. Bitcoin is currently in a daily uptrend. A swing low and a close above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band…

[signode-blog]

Dragonfly Doji Pattern

The Dragonfly Doji is a significant candlestick pattern in technical analysis that provides traders with valuable insights into market sentiment and potential trend reversals. This pattern is characterized by a single candlestick with a small body, long lower shadow, and little to no upper shadow. The overall appearance of the candlestick resembles a dragonfly, hence the name. Here’s a detailed…

[techmarkethunter]

Mastering the Morning Star Pattern: A Step-by-Step Guide

Title: Mastering the Morning Star Pattern: A Step-by-Step Guide Introduction:The world of technical analysis offers traders a plethora of tools to identify potential trend reversals and market opportunities. One such powerful pattern is the Morning Star pattern, a three-candlestick formation that signals a potential bullish reversal after a downtrend. In this step-by-step guide, we will explore…

[tanadrin]

So when I see things like that EA guy's substack article about how AI energy use is fine and nobody should worry about it, and then I see another article about how coal use is ramping back up to meet AI demands for energy, and both are providing their statistics in the form of hard-to-parse visualizations ... this isn't really a question so much as complaint that someone has to be lying here, and I wish I knew who. It seems like it has to be the AI people, as they have the incentive, but ...

So I have a few of reactions to this.

It would be easier to debate the relative merits of two articles if you had linked me the other one, or at least given me some indication about what its title was, who it was by, and where to find it. Since you didn't, all we have is the bare claim that "coal use is ramping back up to meet AI demands for energy." Coal use for the United States as a whole has been steadily falling from 2007-2023 (the most recent year for which I can find data), and aside from small increases in 2010, 2013, and 2021 relative to the previous year, this decline has been almost completely monotonic.

Perhaps you mean this Register article, about how the lifetime of some coal powers plants is being extended because of data center power requirements? But that's not the claim you made. These are very different claims. "Coal use is declining more slowly" vs "coal use is increasing" no doubt sounds to some people like a small quibble, but I think it's really important, because this kind of sloppy equivocation between two substantively very distinct claims entails very distinct substantive consequences! The amount of power data centers have to consume to cause a coal power plant in one city to remain open longer than originally planned while other capacity is built vs the amount of power data centers have to consume to cause consumption of a resource whose usage has been falling steadily for sixteen years to reverse the trend of decline is a considerable difference. In short, if you saw the Register headline, and turned it into the claim presented in your anon ask, you are a liar misrepresenting the state of the world maliciously. If you simply heard the claim you present in your ask as-is, and repeated it, you were lied to.

If your response to the distinction between these two claims is "ah, what's the difference," and you continue to repeat the claim as you presented it in the anon ask, you are also a liar, and we can conclude that the reason you are confused about which claim is true is that you do not care to differentiate between true and false things. Someone like that would stumble through the world in a fog of confusion, not because the truth is hard (it sometimes is), but because they are uninterested in it.

The article I linked I found interesting because it provided very specific numbers, of the form you could check yourself if you doubted them. Again, you don't tell me which article you read that you felt provided a countervailing claim, is pretty light on numbers and pretty speculative on how future energy trends due to use of AI might look. Notably, a lot of claims about the future power needs of AI seem to be coming from companies promoting AI, and who therefore are publicly bullish about its widespread adoption, since they want to justify their investments in the technology to investors.

Andy Masley does not in any sense seem to be "an AI person"? He doesn't work for Google or Meta or OpenAI, or seem to have special background in this technology. My read of your ask seems to be that you think he has incentive to lie about the power consumption of AI technology, even though (again) he seems to provide a lot of numbers you could check yourself if you were so inclined.

You seem also to think that people who are opposed to the development of AI technology have no reason to misrepresent how costly the energy consumption of AI is. That is silly. People taken in by false claims have a strong incentive not to admit they were taken in by false claims! This might not be lying in the classical sense of "knowingly repeating something that is untrue," but I would not say that people who reflexively cleave to false claims because it would be embarrassing to admit they were wrong are being honest. Indeed, I think a huge amount of the misinformation that gets spread online and in-person is spread by people who are at best apathetic to the truth of the claims they are making, and who are more interested in winning individual arguments on a rhetorical basis.

If someone genuinely labors under confusion as to which of two sets of competing claims is correct, you can of course do the admittedly effortful task of trying to learn more, to see if you can achieve a little clarity on the subject. You don't have to look at two different articles, see that they seem to point in two different directions when it comes to a general conclusion about an issue ("Is AI very bad for the environment?") and throw your hands up helplessly and go "there is no way to know the truth here." I believe in you, anon.

That said, I don't think either the Register article nor the Masley article do point in two different directions. "People wildly exaggerate the energy and water consumption of AI" and "building or expanding a data center changes the local energy economy of a city, especially a smallish one like Omaha" are not even contradictory claims.

Unless, of course, you are not interested in building an accurate model of the world through acquiring information about it, but only in slotting each article you click on or social media post you read into one side or another in a rhetorical struggle, because you view everything through the lens of whether it will help you dunk on someone in an argument later. But those people are really annoying, so please don't be one of them.

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw with October in the books and heading into the election and FOMC meeting, equity markets experienced a Halloween spooking. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) consolidated at the bottom of a broad range. The US Dollar Index ($DXY) looked to consolidate in its uptrend while US Treasuries ($TLT) pulled back in their consolidation. The Shanghai Composite ($ASHR) looked to continue the short term move higher while Emerging Markets ($EEM) pulled back in their uptrend.

The Volatility Index ($VXX) looked to remain at a neutral level, above the base established this year, and was likely to stay there at least until after the election. This might make for choppy light trading for equity markets to start next week. Their charts looked strong on the longer timeframe though. On the shorter timeframe both the $QQQ and $SPY had reset momentum measures lower and could reverse or turn bearish, likely a couple of days’ time would tell. The $IWM did not seem concerned about an election or Fed policy, churning sideways.

The week saw major movements happen following the election. It played out with Gold pulling back from its high Wednesday before a partial recovery while Crude Oil found some strength and moved higher in a choppy range. The US Dollar jumped to a 4 month high while Treasuries fell back to a 5½ month low Wednesday before a recovery. The Shanghai Composite continued the move to the upside while Emerging Markets chopped in a wide range.

Volatility crashed down to the low end of the range since August. This put a stiff breeze at the backs of equities and they started to move up Tuesday and then accelerated Wednesday through the end of the week. This resulted in the SPY and QQQ printing a new all-time highs Wednesday, Thursday and Friday and the IWM gapping up to a 1 year high. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week at the 50 day SMA on the daily chart in a pullback from the top. It had a gap left open from the end of the week. It held there on Monday and then started higher Tuesday, into the gap. It gapped up Wednesday to finish at a new all-time high and leaving an island below. It followed that up with new all-time highs Thursday and Friday. The Bollinger Bands® are open to the upside. The RSI is rising deep in the bullish zone with the MACD positive and rising.

The weekly chart shows a strong, long bullish candle rising from the 161.8% extension of the retracement of the 2022 drop. The 200% extension is now within view at 614 above. The RSI is rising near overbought territory in the bullish zone with the MACD drifting up and positive. There is no resistance above 599.60. Support lower sits at 585 and 580 then 574.50 and 571.50 before 565.50 and 556.50. Uptrend.

With the Presidential Election and November FOMC meeting in the rearview mirror, equity markets showed jubilation as they vaulted higher. Elsewhere look for Gold to in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their pullback. The Shanghai Composite looks to continue the move higher while Emerging Markets chop in their short term uptrend.

The Volatility Index looks to remain low and drifting lower following the election making it easier for equity markets to continue higher. Their charts look strong on both timeframes, especially the SPY and QQQ. The IWM has now joined the party, a stone’s throw away from making its first new all-time high in 2 years. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview November 8, 2024

[jeffhirsch]

Open Field Election Year Pattern Rears Its Head

Looks like we’re getting that mean reversion correction we’ve been talking about. Election years have historically been bullish with above average performance in June, July, and August. But, over the past few months, we’ve warned that the market has gotten well ahead of itself and ahead of all the average election year patterns.

After the usual midyear NASDAQ rally tech stocks have been prone to mid-July selloffs. And “Hot July” markets for DJIA have notoriously preceded market declines. Now August appears to be ditching its election year bullishness for its usual seasonal weakness.

All this on the backdrop of President Biden bowing out 2 weeks ago, a more heightened geopolitical arena, some awful earnings and a weak jobs report have cranked up recession fears and market volatility. This is the volatility we warned of. Expect it to continue for the next few months.

While the market is likely overreacting, this sort of pullback is overdue and likely not over. August-October seasonal weakness is clearly in play and the action over the past two weeks brings our Open Field Election Year Pattern back in play as well. This does not necessarily mean we are heading into the red for the year, but it does suggest the market is likely to struggle over the next few months with a correction low in late October just ahead of the election.

[tradesignalsbusiness]

Mastering forex signals for trend following: a comprehensive guide

The foreign exchange market, or Forex, is a dynamic and ever-changing arena where traders seek to capitalize on currency price movements. One popular trading strategy is trend following, which involves identifying and following the prevailing market direction. Forex signals play a crucial role in assisting traders to navigate the complexities of trend following. In this comprehensive guide, we will explore the intricacies of Forex signals for trend following, helping you understand how to leverage them effectively for successful trading.

Understanding Trend Following

Trend following is a strategy that seeks to capitalize on the directionality of market prices. The basic premise is simple: identify the prevailing trend and place trades in the same direction. Trends can be upward (bullish), downward (bearish), or sideways (range-bound). Successful trend following involves entering a trade at the beginning of a trend and exiting when the trend shows signs of reversal.

The Role of Forex Signals

Forex signals serve as triggers for traders, indicating opportune moments to enter or exit a trade. These signals are generated through a thorough analysis of market data, including technical indicators, fundamental factors, and sometimes a combination of both. For trend following, signals become particularly crucial as they guide traders on when to jump on a trend and when to step aside.

Key Components of Forex Signals for Trend Following

1. Technical Indicators:

Moving Averages: These are fundamental tools in trend following. A moving average smoothens price data to create a single flowing line. Traders often look for crossovers, where short-term moving averages cross above long-term ones, as a signal to enter a trade.

Relative Strength Index (RSI): RSI measures the speed and change of price movements. A high RSI may indicate overbought conditions, suggesting a potential reversal, while a low RSI may indicate oversold conditions, signaling a potential buying opportunity.

Moving Average Convergence Divergence (MACD): MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.

2. Fundamental Analysis:

While trend following is predominantly a technical strategy, incorporating fundamental analysis can enhance the accuracy of signals. Economic indicators, interest rates, and geopolitical events can significantly impact currency trends.

3. Price Action:

Pure price action analysis involves studying the historical price movements of a currency pair. Identifying patterns, such as higher highs and higher lows in an uptrend, can provide strong signals for trend following.

Choosing a Reliable Signal Provider

With the plethora of signal providers available, it's essential to choose a reliable one. Consider the following factors:

Track Record: A provider's historical performance is a crucial indicator of their reliability. Look for providers with a consistent track record of accurate signals.

Transparency: Transparent signal providers disclose their methods, including the criteria for generating signals and their risk management strategies.

Risk-Reward Ratio: A good signal provider should have a clear risk-reward ratio for each signal, helping you manage your trades effectively.

Implementing Forex Signals for Trend Following

Once you've selected a signal provider or developed a reliable system, the implementation phase is critical. Here are some tips:

Risk Management: Set clear risk parameters for each trade. This includes defining the percentage of your trading capital you're willing to risk on a single trade.

Position Sizing: Adjust the size of your positions based on the strength of the signal and the volatility of the market.

Stay Informed: While signals provide valuable insights, staying informed about broader market trends and events is crucial. Unexpected news can impact the Forex market.

Continuous Evaluation: Regularly assess the performance of your chosen signals and be prepared to adjust your strategy if market conditions change.

Conclusion

Forex signals for trend following can be powerful tools in a trader's arsenal, helping to identify and capitalize on market trends. However, success in Forex trading requires a comprehensive understanding of both the strategy and the market itself. By combining technical indicators, fundamental analysis, and a disciplined approach to risk management, traders can use Forex signals to navigate the complex world of trend following with confidence. Remember, no strategy guarantees success, and ongoing learning and adaptation are essential for long-term success in the Forex market.

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