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...
H4 - Price has reached the bottom of the triangle.
If we didn’t get a valid breakout here we may then expect the price to respect the bottom of the triangle again and move higher towards the top of this triangle.
H1 - Price reached a critical zone, bullish divergence.
We may now look for more evidences of bullish pressure in order to join the bulls.
H1 - Price has reached the bottom of the range, bullish divergence.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
If the price moves higher and breaks above the high shown in the chart, we may then start looking for buys with more bullish evidences.
H4 - Price has reached the bottom of the range, if we didn’t get a valid breakout here we may then expect the price to move higher again.
We also have double wave down, price is nearing 61.8 level. Potential bullish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycles.
Price has currently reached this critical zone,...
CTL has formed a weekly swing low failure and has also formed weekly bullish divergence. These are generally strong indications of a reversal, More so since they are showing on a weekly time frame.
Moving average guide (All Weekly for this post):
50 weekly moving average in Green.
100 weekly moving average in Yellow.
200 weekly moving average in Red.
-This...
H4 - Price broke above the top of the channel.
Bullish divergence followed by higher highs, thus forming a bullish convergence.
We may now look for pullbacks and buys with more bullish evidences.
Looks like we are at the end of the falling wedge. Also we see bullish divergence on RSI.. Targets are on the charts..
If price drops below blue line, then the idea will be invalidated.
Not a financial advice, of course...
D1 - Price has reached the bottom of the range.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
H1 - Bullish divergence, we may now look for bullish setups in order to start looking for the buys.
FX:EURCHF
Strong bullish divergence on the 4H chart, price is bouncing from a previous area of support, expecting further upside if it breaks the area of resistance around 1.1240 and 1.1250, if it breaks below local support around 1.12 will expect a retest of the previous swing low (1.1160 - 1.1170).
D1 - Price broke above the downtrend line and retested it.
H1 - Double wave down, price reached the 100 fibo level, bullish divergence.
Currently price has broke above the most recent downtrend line.
We may now look for more evidences of bullish pressure in order to join the bulls.
In this post, I have made a longer-term analyses of the BTC in order to try to identify the potential bottoming scenario. In my opinion, we are in the final stages of the correction that has atrted over 15 months ago when BTC/USD pair had picked just under the 20k price mark.
There was hope that the recent corrective move up will lead to a broader market...
D1 - Price broke above the downtrend line, bullish divergence.
H1 - Currently it looks like a pullback is happening.
Once the pullback completes itself, we may then look for buys with bullish evidences.
Finally seeing some price action to break the long awaited break of a weekly and H4 inverse head and shoulder.
The head of the H4 inverse head and shoulder is the right shoulder of the weekly inverse H&S.
1st target is CAM S5 and a major resistance fractal.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to...
Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Cheers,
Les
Setup:
-Falling wedge on daily time frame including the RSI.
-Starting to show bullish divergence.
-Targeting the conservative target of falling wedge.
Notes:
-Use a stop loss.
-Declining volume.
Trade with caution since bitcoin can move at any time and screw our trade!.
H4 - False break with bullish divergence followed by higher highs, thus forming a bullish convergence. We also have bearish hidden divergence.
H1 - Price reached the critical zone, bearish divergence.
We may now look for pullbacks and then possible buys with bullish evidences.
Invalidation – This buy setup is valid until the low shown in the H4 chart (marked...
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