RL_Bot

RL_Bot

Price action is holding MA 20 line (Moving Average) on MAY-27 at $140 and also holding JUNE-5 at $150 Most of the time, having these SIMPLE BASICS of what is the Dynamic Support Levels ( DSL ) based on Moving average lines is ALL what we need when panic hits such as MAY-27 and JUNE-5 On those days , keeping clam and holding the positions ( or starting new BUY...

RL_Bot

Price action is holding MA 20 line (Moving Average) on MAY-27 at $140 and also holding JUNE-5 at $150 Most of the time, having these SIMPLE BASICS of what is the Dynamic Support Levels (DSL) based on Moving average lines is ALL what we need when panic hits such as MAY-27 and JUNE-5 On those days , keeping clam and holding the positions ( or starting...

RL_Bot

In the previous Idea chart for DIN stock , Fibonacci levels are wrongly drawn , they are corrected here. 1/ Let me explain why previously drawn FIB levels are Wrong . 2/ In previous DIN idea chart, Fib base 100% is taken as $17.88 which is MARCH 23 close price . This level may be true when somebody is looking for intermediate trade like 30 DAY period. 3/ But...

RL_Bot

1/ Previously drawn Resistance line R2 worked as today's High on the dot , 2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action . 3/ R3 drawn at 58.25 4/ earlier PIVOIT line (blue) is 'new Support S1 line' 5/ Fib retracement lines are dawn from Today' High , Fib 28% price level coincide with today's...

RL_Bot

1/ Previously drawn Resistance line R2 worked as today's High on the dot , 2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action . 3/ R3 drawn at 58.25 4/ earlier PIVOIT line (blue) is 'new Support S1 line' 5/ Fib retracement lines are dawn from Today' High , we will see price action retrace to Fib 23%...

RL_Bot

These bands are based on my view of Support and resistance, Not based on S1/R1 formula

RL_Bot

SABR S1/S2 and R1/R2 with Pivot line based on my own analysis These S/R lines are NOT the calculated standard formula Support and Resistance levels. These are based on reading and my own analysis of the Price action over last 2 weeks. Pivot Line is the Line where SABR price action 'pass thru' MOST candles bars in the last 2 weeks . My analysis is that these...

RL_Bot

S&P 500 touched '50 day Moving average' line in '13 trading days' from the March 23 Lows . I am forecasting it will touch '200 day moving average line ' in '50 trading days' from the MARCH 23 Lows. Support & Resistance Levels S1, S2, R1, R2 are indicated ...

RL_Bot

This is my general observation sharing here. When a Stock Daily Bars PASS thru a Price range band 2/3 of the time , in this case 10 days out of last 15 days, that Area ( small price range band of 25 cents in our case) will be Re-tested . Even this is True even after a big Upside Braekout which is the case for EBAY .

RL_Bot

PYPL

RL_Bot

1/ In last 4 trading days starting from FEB-7, majority of 30 minute BARS touched the PINK area, so that area is Tested on FEB-13 . Coincidently this pink area aligned with Camarilla S1 Pivot. 2/ FEB-12 Lyft Quarter disappointment numbers (10% down), showing above "pink area" (max. number of 30-minute bar touches) Test UBER on FEB-13