The Hourly View for Citigroup
- At the time of this writing, C’s price is down $-0.34 (-0.51%) from the hour prior.
- The hourly chart shows that Citigroup has seen 2 straight down hours.
- If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
- Of note is that the 100 hour changed directions on C; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Citigroup’s hourly price chart is shown below.
The Daily View for Citigroup
- At the moment, C’s price is down $-0.97 (-1.42%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Below is a daily price chart of Citigroup.
Featured Citigroup Idea From TradingView
Below is a trading comment entitled Elliot Waves Complete Guide | Chapter 4.6 – “ABC Fib Lengths” you may find interesting:
Hello Traders. Welcome to Chapter 4.6! This is FINAL CHAPTER of my Elliott Waves series that took me 6 months to create starting from chapter 1. Here we will finally conclude with learning about the “Fibonacci Ratio Lengths for Corrective Wave Multiples”. In the previous sub-chapter, we learned how to apply Fibonacci lengths for waves 1-5, now we will learn how to apply them to A-B-C corrections. This chapter is related to chapter 3.1 (corrective waves), so it would be best to re-visit or master that chapter first.📚 Chapter 4 Glossary: 4.1 Alternation4.2 Channeling4.3 Psychology4.4 Fib-Ratio4.5 Motive Wave Multiples📖 4.6 Corrective Wave Multiples —– Corrective Wave Multiples for an A-B-C Correction Overview”How to Calculate the wave lengths for waves ABC” 1) In a Zig-Zag correction (go back to chapter 3.1 if you don’t know what a zig-zag correction is), …