brazo581
Short

Possible Bearish Divergency - Hannover Rueck

XETR:HNR1   HANNOVER RUECK SE NA O.N
XETR:HNR1
There might be another bearish divergency coming with Hannover Rueck. There was a first one mid september (see first red arrow in MACD ). The downtick of the MACD completed a bearish divergency, as prices moved to a higher value but MACD to a more shallow high. Going short with the downtick would have meant possibly going in at 120. Completing the pullback into the value zone between the EMAs and buying with around 118.

Now a second bearish divergency is emerging. As long as MACD stays as shallow as it is and there is a down tick this is a signal to go short.
Note that the weekly shows trending long and Elder impulse is both green in weekly and daily. So far selling is permitted.
Take it at your own risk. A pullback to value is possible here.

Entry might be around 121
Stop loss at 122
Profit taking at 119

Let me know what you think.
Sep 25
Trade active: Watch MACD, only when it ticks down from the previous day and is still shallower then the recent high, then go short.
Sep 27
Trade active: Continue watching. Still possible divergence
Sep 28
Trade active: Bearish Divergence in place.
I will go short with 120.07
Oct 02
Trade active: MACD spiked again and has risen higher, so the divergence is not in place. My stop is at 122.9 but still short.
If MACD ends shallower again today a new approach to the bearish divergence is taken.
Oct 02
Trade active: Bearish divergence in progress. MACD gave a shorting signal.
Oct 15
Trade closed: target reached: Profit target overachieved. Closing position at 116.
Congrats to all who have been shorting this.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out