We are at the PCZ of a Bearish ABCD and showing bearish divergence after hours will likely be a drop. I got puts before the close.
If the daily closes like this that will be a confirmed Shooting Star Candlestick Reversal Pattern visible on the daily and that will be a signal for future downside. Of course the market hasn't closed yet and this is simply and aggressive early entry into this potential future position. I think we will make about an 80 percent retrace or test the 200 day moving...
D1 - Price respected the strong resistance zone. Price created a false break of the range. Bearish divergence. No signs of trend change. H4 - Bearish convergence. Currently it looks like a correction is happening. Until both the strong resistance zones hold my short term view remains bearish here.
We have a Rising Wedge and Bearish Divergence on the MACD after rejecting the PCZ of a Potential Bearish 5-0; I will be looking for a big correction from here.
We have a bearish MACD crossing with bearish divergence on both the RSI and MACD at the area of a potential right shoulder to a head and shoulders pattern and the 200 moving average.
USDJPY 4H reaching the important yearly resistances. A short opportunity is likely to emerge on weak candles at resistance or a recent bull candle break which will lead to test the recently broken trendline. Some of the oscillators and relative strength against DXY have initial indications of bearish divergence.
If I'm being bullish - which in the long term I am for Solana - I could see this as a buying opportunity here. What needs to happen in my opinion: - 21MA (blue) needs to cross over 50MA - Price needs to break golden pocket - Price needs to break strong support zone What could signal a turn for worse: - Price currently below golden pocket & strong support...
I think Shiba will bullishly reverse at the PCZ of Bullish ABCD but as of now i will like to try to enter before it potentially completes the rest of the wave. Stoploss above the bearish engulfing candle of this potential double top.
Hello folks, Welcome to this BTC update in a daily timeframe. If you haven't checked my previous BTC update then do check it out. The link is in the related ideas section, below. Alright, in my previous chart, I mentioned the bearish divergence formation and the possibility of the BTC price action. We were assuming BTC to reach at least $50k before it falls down...
Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe. If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly. As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a...
Been a long while since i seen a shooting star pattern like this on a weekly chart but here we are the next few weeks are bound to be interesting if the weekly closes like this tonight.
The zone i have highlighted on the chat is the range between the top and bottom of a high volume daily doji and we're overbought on the weekly showing bearish divergence on the RSI while on the daily RSI we are breaking down after being overbought; If we break below the zone i have highlighted then i expect to see a huge move down to the moving averages.
Recent News - Apple reloads its stock with "new products" which aren't so new but with a higher price tag (Bearish). Epic Games v Apple (Bearish). Losing the fourth Apple car exec this year (Bearish). Quad Witching Sept 2021 (Leaning Bullish). Trend - We're just coming off a bullish trend that helped us reach an ATH of $157.26. We broke that trend with a strong...
TRX has just broken trend and looks to want to get to oversold on the RSI, The quickest and easiest way to do that would be for it to dump from here put your stop 1-2ATRs above entry
Comcast recently reversed off a bearish signal, perhaps Disney will be next given that they are in the same sector.
The price of aapl has been rising this past few weeks, mean while the RSI indicates a descending channel. This shows bearish divergence. If we get a breakout on the channel then this would be bullish but for now it seems bearish.
H4 - Triple wave to the upside which ended with a bearish divergence. Currently it looks like a correction is happening. After the first leg to the downside, it looks like a flat correction is happening in the form of a range now. Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key...
After the Litecoin situation there maybe a bit of a pullback in WMT itself due to the amount of hype it got this morning before the news was proven false.