2020 October
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DOW JONES broke above the 1D MA50. Buy Signal.
- October 4, 2020
- Posted by: Tradingshot Articles
- Category: Stock Indices
No CommentsPattern: Channel Up on 1D. Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally. Target: 29200 (the Resistance). ** Please support this idea with your likes and
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S&P500 Rebound on the 4H MA50
- October 3, 2020
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: 4H MA50 rebound. Signal: Buy as last time the 4H MA50 was tested and held as Support, a 2 month rally started. RSI and MACD are similar to that fractal of early July. Target: 3480 (the -0.5 Fib extension). Most recent S&P signal: ** Please support this idea with your likes and comments,
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BITCOIN Recurring Triangle pattern shows a break out is close.
- October 3, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin is trading within a Triangle on the 1D chart. Its Lower Highs trend-line is an extension of the August 17 High, but the Higher Lows trend-line goes back all the way to the May 10 Low. That was when the sustainable uptrend of Higher Highs and Higher Lows started for Bitcoin . A