jangseohee
Long

Histogram can diverge as well...

AMEX:BJK   VANECK VECTORS GAMING ETF
188 37 3
Gaming sector including stocks like WYNN, LVS             ...etc have been battered in bad shape BUT...
I just learnt that Histogram can give bullish divergence as well although MACD is still making lower low
With bullish engulfing candlestick patten at support zone , i am going long for short term pull back profit,
first resistance at 47
Entry order: 43.41

P.S. If you check WYNN, LVS             , the candle on 30 Sept is very BULLISH .
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long
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The bullish divergences on the histogram usually call for very small rallies. The MACD lines have made a very deep low. The second trough of the histogram is so much longer than the first one, which in truth, is deeper. All facts considered, I would not go long this ETF, the divergence just isn't that powerful. I would expect to see a very tiny rally, which will be a good opportunity for going short.
I have tones of charts with divergences, you should check them out. Be sure to check the CME chart
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jangseohee vlad.adrian
Thank you, i learnt something again, yes as i discussed earlier, only a short term pull back for short term profit

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47$ is too much for a short term pullback. I would not expect more than 44-45 max
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jangseohee vlad.adrian
My wishful thinking of the not-formed yet "wick" of a candle... :-)
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jangseohee vlad.adrian
Hi Vlad, here is one of the exception where Histogram bearish divergence occurs while MACD still making higher high in tandem with price, after that the price had a hard fall.
I like this Professional networking idea
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Not so much there either. Look, even if it played out that time, more times it will not play out. Trust me, I trade using the MACD and I do it successfully. The divergence on the histogram should be obvious, and it is rarely highly profitable. I told u I have many charts posted, and if you check them out you can see how many played out or not.
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jangseohee vlad.adrian
yes Sir, buna dimineata :-)
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Buna dimineata!
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alexeyhoroshunvk vlad.adrian
Buna ziua)
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jangseohee alexeyhoroshunvk
Happy trading, folks!
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jangseohee vlad.adrian
Certainly, MACD & histogram both diverge bearishly has much higher chance of making price fall
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Yes, but that wasn't my point. Look at the difference between the histogram divergences
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jangseohee vlad.adrian
you mean the difference in histogram divergence has to be very noticeable? comparing to the left where you highlighted
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Yes, exactly. And even when it is noticeable, it rarely calls for a trend change. look at this
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jangseohee vlad.adrian
yes, my teacher :-)
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glad to help :)
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if it breaks 40.41
will be good for casinos, resorts and hotels stocks
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of course, a break down will render blue channel invalid
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basing process takes time
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monthly hidden bullish divergence could be in place for LVS
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weekly LVS too showing potential hidden divergence but the HS tells diff pic unless it leads to busted HS
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about to get squeezed out of downtrend channel
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hidden bullish divergence for monthly chart, though it is abit pre-mature
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weekly view

still need sometime for daily
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long this one
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jangseohee jangseohee
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jangseohee jangseohee
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right shoulder going to happen if this neckline holds
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MGM
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jangseohee jangseohee
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