MCO Bearish Divergence Short

Description

⋅ Aug 25, 2017 2:25 PM

I'm new to TA, please provide any insight into this idea. Looks like bearish divergence on the 4hr chart. Expecting a market drop based on the MACD and RSI signals.

Comment

⋅ Sep 19, 2017 4:29 PM

Looks to be in an accumulation phase

Trend Analysis Chart Patterns

Comments

valueerror

⋅ Aug 26, 2017 8:53 AM

well you spotted a divergence thats right... the thing is... its a BULLISH divergence... (a hidden bullish divergence to be precise) and you posted it on the sweet spot... hehe.. MCO up !

here is a cheatsheet for the future..
babypips.com/learn/forex/divergence-cheat-sheet

Rumdig

⋅ Aug 26, 2017 8:19 PM

@valueerror, wow. Thanks for the cheatsheet link.

Ingwina

⋅ Aug 25, 2017 6:10 PM

i think it wrong) it will be up cause they will be relize app on 31 august

Rumdig

⋅ Aug 25, 2017 6:11 PM

@Goldfeniks, Thanks for the input

dmetal23

⋅ Aug 26, 2017 7:57 AM

@Rumdig, I agree with the TA but yeah it seems like people are bullish for the app being released and are throwing TA out the window

Rumdig

⋅ Aug 26, 2017 8:17 PM

@dmetal23, good to know. I'm still learning TA and assumed an opposite direction base upon the indicators.