(This is an update to one published earlier. The rhombus on this chart is bigger than the one drawn on the previous one) The regular rhombus is a powerful reversal pattern taught by my mentor Rodney Ahenkan (Papa Smurf). I tend to look for it at reversal areas, especially at the pivot lines and support/resistance areas of the RECTANGLE STRATEGY (again as taught...
The regular rhombus is a powerful reversal pattern taught by my mentor Rodney Ahenkan (Papa Smurf). I tend to look for it at reversal areas, especially at the pivot lines and support/resistance areas of the RECTANGLE STRATEGY (again as taught by Papa Smurf) On NZDCAD, I see it has lined up nicely. There are quite a number of indications for a reversal at where...
reasons to buy: 1- macd divergence 2- rsi divergence 3- break of resistance 4- break of trendline wait for these reasons to initiate a buy a trade
This is a follow-up from my 27th Dec call for a counter-trend rally to the 2,700 region. Right now the ES1! is 59 points away from the target and:- #1 At the 50% retracement level #2 Completed an ABCD from the trough #3 Negative divergence between the MACD and price action. #4 There is a little tiny wedge for which the upside target has been achieved. Being...
Hi to all. As BTC going up, we have seen some nice pumps with altcoins. I think that PAO is next. As u can see, it is clear bullish divergence on RSI and MACD on 1D TF. Also MACD is on positive.
Nice MACD Divergence. The Euro was deppreciated after a sharp fall in European equities. In addition, FT estimates that the EUR was oversold because of Italian instability and bonds; thus the currency has a potential for upside. If you feel like tipping: www.paypal.me
Here DPO shows where money is made much more simply than MACD for General Electric. Let's say not showing an entry point using DPO on 1 day chart.
EOSUSD is forming a huge divergence. It might be too early before it turns, but when it does there is at least a 10% upside - at least. So look out for this one. Be aware that it could take one more down before going. Ultimately the low would be at. 1.6 - 1.8.
Confluence checklist: -Broke resistance @82.0000 & 200 EMA (looking at a potential reversal to retest. Possible quick 1:1 as price action could retest resistance turned support. -Doji reversal set up (@83 level) -MACD divergence -ATR decelerating -Chop Index < 60 Please share your thoughts and opinions. Cheers, Sang
We have already seen some movement to the upside on ETHUSD but there is more to come. We might go down one more time however there is a strong divergence on the MACD which indicates a reversal is just around the corner. BTCUSD is also looking good. As we all know it keeps dictating which direction we are going but the MACD and a divergence has also been spotted there.
Not anticipating a major bullish reversal, but more of a minor bounce up toward the $4400.00 to $4600.00 resistance zone. Nice volume profile support node setting up, and with bullish divergence on both the MACD and RSI occuring as a 240-minute/daily chart multicycle low completes, this looks like a great place to cover any short positions.
Multiple Divergences on the AMZN 4h Chart! RSI is making higher lows while price produced lower lows - this could indicate a trend-reversal. An additional confirmation-signal: a nice MACDDivergence shows up below the current candle and there is an untouched weekly pivot. I assume that price might go up to that pivot. Next week AMZN probably get's a little boost...
A daily cycle low is forming in BTCUSD; the average cycle length is around 18-20 bars for this instrument. The weekly and monthly cycles are in strong down phases, however, meaning that any tradable bounce on the daily chart will likely be short-lived. The 14-period RSI is also in bearish territory on the daily, weekly and monthly charts. Next heavy support area...
For a long time I have kept an eye out for REP. After the huge drop in Bitcoin and basically all cryptos we are getting a rebound. REPBTC has already begun to turn and I see a really good opportunity to trade this rebound for some good profit. The divergence in the MACD shows that we are at a turning point and I will go in now with a tight stop. Good luck out there!
EA EA shows a bullish divergence in the Daily Chart with a signal to go long that occurred Oct 12 2018. That could only be a short term investment, or lead into the turnaround of the stock. It was declining since a while beaten up when they were moving the Battlefield V release date to november 20. The stock bounced of a long term resistance also. Limit:...
NYSE:BA Boeing could form a bearish divergency should MACDs tick down on the Daily, or at least don't spike as much as on the former high and then tick down. Good candidate to watch.