Bearishdivergence
Bear market rally finally reversing?The rally has seemed to weaken considerably over the last week, but managed to end the week with a new top. I think that was the top for the foreseeable future and a drop in the coming week is unavoidable as the rally loses it's steam. I've highlighted the most obvious signs pointing to a reversal (notably falling volume, bearish divergence in RSI and MACD and the possible double island top reversal pattern)
Dax ForecastD1 - Bearish hidden divergence
H4 - Bearish divergence, if the price moves lower and breaks below the uptrend line then it would be a good bearish sign for us.
H1 - Bearish trend pattern, if the price moves lower and breaks below the low at 10164 we may then expect pullbacks and further continuation lower.
AUDUSD ForecastD1 - Price has reached an important resistance zone formed by the 38.2% - 50% fibonacci retracement level of the cycle we have and the downtrend line. Bearish Hidden Divergence.
H4 - While measuring the first wave, the 61.8% fibonacci expansion level coincides with the daily resistance zone which makes this area a very strong resistance zone and the price is holding in this zone.
20 candles ride in Bollinger Bands, bearish divergence.
H1 - Bearish convergence. Until the invalidation level shown in the chart holds we may expect further continuation lower.
Silver ForecastD1 - Bearish hidden divergence.
H4 - We have two important resistance zones that has formed based on the fibonacci extension levels of the cycles we have. Bearish divergence.
H1 - Currently the price is moving inside a rising wedge pattern. Price has reached the first resistance zone, bearish divergence.
If the price moves lower and breaks below the low at 15.138 we may then expect further continuation lower.
Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second resistance zone.
Gold 4H selling opportunity XAUUSD 4H - Rising Wedge formation
- Regular Bearish Divergence
=====> Possible Bearish Breakout
Cara Therapeutics and S&P 4HLooking for a rejection at 0.25 line for cara. Movement down on the S&P index due to a bearish divergence
Dax ForecastD1 - Bearish hidden divergence.
H4 - We have two important sell zones that has formed based on the fibonacci expansion levels of the two waves we have. Bearish divergence
H1 - Price has reached the first sell zone, bearish divergence. If the price moves lower, breaks and holds below the low at 10139 we may then expect further continuation lower.
Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second sell zone.
Bitcoin Short Term ForecastD1 - Bearish Hidden Divergence
H4 - Price has reached an important resistance zone, bearish divergence
H1 - 20 candles ride on the Bollinger bands, bearish divergence.
If the price moves lower and break below the low at 7234, then my idea here is to sell the rallies with bearish evidences.
Strong resistance! Low risk, high reward setup!EURCAD has hit a wall at a strong resistance level (purple rectangle) for the past 3 weeks.
There is a bearish divergence on both MACD and RSI, as outlined by the solid black lines.
Consolidation triangle forming, as shown by solid orange lines.
Buy volume is also decreasing, outlined by solid blue line.
Potentially a low risk, high reward setup taking place.
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What are your thoughts?
AUDNZD Bearsih scenarioAudUsd 1h chart bearish scenario. im expecting a drop back to the support level …. wait for bearish breakout and retest. Plus Bearish Divergence is present.
1:1 WXY correction complete. Next wave 3 extension to 5k or 4k?1:1 WXY correction complete with a clear 5 wave count for wave Y and gradual declining volume as bitcoin rises.
4 hour bearish divergence now on the 4H OBV.
If this count plays out, we should be starting wave 3 of 5. If wave 3 is a 1.618 extension of wave 1, I'm expecting this wave to complete somewhere around 5150. A 2.618 extension will see an extension to the 4k region.
Good luck and happy trading!
GBPJPY 1h timeframe analysis GbpJpy has made a strong push up but has lost its bullish momentum and has reached a strong resistance zone + the 50% fib retracement level.
Im expecting a push down to the recent low and possibly a down trend continuation. Trail profits.
AUDUSD Short Term ForecastH4 - Bullish trend pattern, bearish divergence, we may now expect short term retraces.
H1 - Price is holding below an important resistance zone, false breaks with bearish divergence, uptrend line breakout.
M15 - Potential bearish trend pattern, if the price moves lower and breaks below the low at 0.60735, we may then expect potential continuation lower.
GbpJpy 1h tf analysisGbpjpy has made a strong push up and im expecting a retracement/push down to the recent support....please not it might not reach the target zone so it is important to follow proper risk management and trailing profits.
Bitcoin's Double Top Causes a BreakdownIt is looking likely that the price has completed a double top, which is considered a bearish pattern. In addition, the pattern is combined with bearish divergence, which makes a breakdown more likely.
The price is following an ascending support line, which is currently at $6200. A breakdown from the support line would most likely take the price to the next support area, which is found at $5750.
If the price travels the entire height of the double top pattern, it could reach the next support area at $4550, which marked the daily close during the bottom of March 13 and the subsequent bottom of March 18.
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