Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators
You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div...
D1 - Potential big double cycle, price still has room higher towards the 61.8 fibo
H4 - Potential special or triple cycle. We have a critical zone that has formed.
We may now expect one more push higher from the current zone towards this critical zone with the bearish divergence completing itself.
We may then start looking for short term sells with bearish...
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
D1 - Potential double wave down, price still has room lower towards 61.8 fibo level.
H4 - Special cycle completed, we have two critical zones that has formed based on the fibo levels of the cycles.
Price has reached the second critical zone, bearish divergence.
We may now look for more evidences of bearish pressure and then start looking for sells.
D1 - Price has reached the dynamic resistance.
If we didn’t get a valid breakout here we may then expect the price to respect this trend line and move lower again.
H4 - Special cycle, bearish divergence.
If the price moves lower and breaks below the low shown in the chart, we may then start looking for sells with more bearish evidences.
W1 - Price is at the top of the range.
D1 - Bullish cycle, bearish divergence.
H4 - Bearish divergence, if the price moves lower and breaks below the low shown in the chart, we may then start looking for sells with more bearish evidences.
AAPL is currently showing daily bearish divergence, and looks to be a bit over-extended. I am watching the 200 day moving average around $191 and the prior-resistance-turned-support-zone around $185, which would also coincidence with the 50 day moving average as possible area's for the price to retrace to.
Moving average guide (All daily for this post):
W1 - Price is moving inside a triangle pattern, price still has room lower towards the bottom of this pattern.
D1 - Bearish convergence, currently it looks like a pullback is happening.
H4 - We have two critical zones that has formed. Price has currently reached the first critical zone, bearish divergence. We may now look for more evidences of bearish pressure...
Good morning, traders. Price has continued to grind higher, finding a high of $4139.99 so far, much to the chagrin of the bearish out there. We completed six green weekly candles in a row, the previous high being five during April, and two monthly green candles in a row which hasn't happened at all during this correction. I continue to see an increasing number of...
as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening.
As you will see on the chart published, despite the positive price action we...
D1 - Price reached a critical zone, bearish divergence, moved lower and broke below the trend line.
Currently it looks like the price is retesting the trend line breakout.
H1 - Bearish flag, once we get a valid breakout below the bottom of this flag, we may then start looking for sells with bearish evidences.
H4 - We have a critical zone that has formed (based on the fibo level of the cycle and the daily trend line).
Price has created double top with bearish divergence.
We may now expect one more push higher from the current zone towards this critical zone and then we may look for possible sell setups.