10 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
1) BBH | VanEck Vectors Biotech ETF and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up from last November till February this year. In between, Tenkan cross below Kijun fail. Bull trend has ended in February this year. Tenkan Sen begin to trend again in March till present.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Besides that, Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance.
Trade what you see. See a potential support.
Manage risk is a key in trading.
Moses Free Charting
2) VanEck Vectors Biotech ETF and Support Resistance
Price Action goes from low to high. You can see price action goes from bottom left in last November to top right in June . Next the price action may pullback. The price action may test the floor, support. See chart.
We use box to box month high low to find a key level. See chart. We have plotted a strong levels. Resistance turns Support. Can the support hold the price action? Will see.
Trade what you see. Manage your risk.
3) VanEck Vectors Biotech ETF and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action is currently goes from below 34 EMA to above River, bull trend? Trade what you see.
Bull trend seems strong, price action above 200 MA and supported by 200 MA.
Manage your risk.
4) VanEck Vectors Biotech ETF and GMMA and Woodies CCIanEck Vectors Biotech ETF and GMMA and Woodies CCI
Price Action and Fast MA (green) goes from under Slow MA (red) to above. Fast MA and Slow MA are wide open, both Fast MA and Slow MA are stay wide apart.
From the MAs suggest that the trend my remain and continue.
5) VanEck Vectors Biotech ETF and Bollinger Bands and Moving Averages
Price Action and moving averages:
BBH, VanEck Vectors Biotech ETF price action has closed above its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three 20, 50 and 100 MA are above 200 MA.
Bollinger Bands:
BBH, VanEck Vectors Biotech ETF price action has closed below upper band.
Bollinger Bands are narrower than normal.
You may also sport a few ABCD patterns. See chart.
Manage your risk.
6) VanEck Vectors Biotech ETF and MACD
We see price action continues to go higher.
Don’t take MACD or MACD-H Divergence lightly.
7) VanEck Vectors Biotech ETF and Dow Jones Index Correlation
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
We learn from many past and present great traders. Kudo to these master.