Centered Oscillators
BTC daily RSI divergence.There has been some divergence showing up on the daily chart again. This, in conjunction with candle wicks and prior resistance, may have been interpreted as a slowing of momentum and a possible dip buying or slam play opportunity coming up. A break below the upward wedge would confirm.
Twilio Nuzzles Old HighsEveryone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic.
TWLO has had a trio of positive headlines this month:
10/2: Guidance raised
10/12: Acquires customer-data firm Segment
10/26: Earnings and revenue beat
TWLO has declined along with the rest of the market in the last two weeks. It’s now back around $285. That level was the old peak in August and its consolidation zone earlier this month before it sprinted toward $340. The pullback is also creating an oversold condition on stochastics.
Momentum followers may look for its upward continuation if the broader market stabilizes.
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EUR.USD H4 Short 13CCI pattern, 13CCI tlb cross<zerolineS 1.183 or earlier. Took too long to draw/annotate chart
H4 EUR.USD has two CCI short biases.
First, the extended trendlines cross below the CCI zeroline, favoring downmovement. To catch a turn up early, monitor this crossing on lower timeframes.
Second, the CCI pattern is one I call hitchhiker's Short, because it resembles a hand signal with pinkie in the air (which by itsself is an early Short signal, then the rounded knuckles of a fist at a lower CCI level (~~100), then the thumb pointing down as CCI hooks well below zeroline. There is another hitchhiker short i marked in Sept. This pattern can run for many days before a CCI reversal Long is signalled, by CCI's crossing up thru a downtrendline.
We still have a possible H&S target below 1.152, a possible retest of earlier H&S target ~1.176,and new pitchfork targets, one for upsloping pitchork ~~1.177, and one on downsloping pitchfork, ~~1.152 or higher (to 1.164)