Wave 4 completes its trend after breaking the line and enters wave 5 The waves are zigzag Waves 1 and 3 have 5 microwaves It is possible that wave 5 also has 5 microwaves. The end of wave 4 shows a regular positive divergence.
Picture Perfect Setup on the daily time frame, - Price turning upwards from major support/demand zone - Price oversold on RSI - Golden cross forming on MACD - Divergence on RSI here is the play I will be taking on this pair: Buy P = 1.38865 SL = 1.34693 - 417 pips TP = 1.45492 - 663 pips
Mana is at the bottom of her ascending canal Wave 4 is coming to an end and it could be the beginning of wave The downtrend line is broken and we have a positive hidden divergence
Bitcoin Strong Bearish Divergence at Monthly can be seen and the result of this correction will be huge. It has formed two divergences of the same type i.e. Bearish. What do you think, will BTC create another Bearish Divergence or correction is going to happen this move? Let me know in the comments.
The trend line has broken, but first we need to have a small price reduction for the pullback And then move on to the supply base
Hello Trading Community... Ive been working on a factual analysis for some time now, it paints a PB text when a candle doesn't close lower than the previous 3,4,5. As I am new to trading and pine scripts its a very basic script which seems to work when in AOI (Area of Interest) such as Support, lower channel trendline and near 50/100EMA when in an uptrend....
Bearish divergence on 4H and Daily. Daily stoch RSI turning down after overbought condition, stoch RSI already declining on 4H. Divergence on MACD-H and EFI as well. Entry: 158.85 Stop: 164,13 TP1: 148.1 TP 2: 145,6
What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for the trend to reverse. How to identify Divergence? When price is making higher highs, MACD (or RSI ) will show lower highs =...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. As you can see by al the lines and note son my chart, I have been busy on this...
Chart Even t: Bearish Divergences on multiple timeframes. Rising wedge pattern on 65m and lower timeframes. Confluence : Bearish Divergence on 65m timeframe. Hidden Bearish Divergence on daily timeframe. Rising Wedge pattern (bearish) on 65m and lower timeframes. MACD very wide. Volume decreasing. Death Cross moving average event occurred a few days ago. Price...
The USD/JPY has shown impressive gains since March last year. This led to the fact, that on M15-D charts, the pair became very overbought. Long term, we expect the pair will refresh 2015 high of around 126,000 over the next few years. However, the current picture on the H1-H4 charts, supported by bearish divergences, requires a retracement from the local March...
New Wedge, i still think we going down This old was invalid: New one is here Volume is still dropping
AUDCAD short opportunity. This is served as research for my own trading plan. Do your own research.
FX:EURCAD Not a pair I personally trade very often, but we can see EURCAD reacting nicely to this support and currently breaking a nice clean counter trendline. I would consider longs if the price action is right on smaller timeframes! One to watch
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Reasons for bearish bias: -Downtrend on weekly/monthly timeframe -Breaking below 1.32100 level -Multiple hourly candle rejections at retest of 1.32100 area -Multiple rejections from above at EMA50 -Crossing of EMA50 & EMA14 -RSI divergence -Break below daily pivot -DXY uptrending Confirmations to look for: -Break & retest of local bullish trendline -Break &...
multiple bearish divs appearing as price rises potential short swing if market doesn't pump
EURGBP Divergence on the four-hour frame The bearish scenario is supported by the 61 Fibo break Sell at 0.83000 Consolidation by breaking the 100 level at 0.82025 point Stop loss by breaking Fibo level 38 points 0.83300