MACD Divergence With A New Supply For Sell Position On XAU/USD.
There are a few reasons to look for a sell position in XAU/USD:
1. In the wide picture – 1W chart, the price has just arrived into a strong resistance zone. The last time that this happened was about a year and a half ago but back then, it continued to drop to 1160.00 zones.
2. In the 4H chart, there...
The price has crossed the trendline and the ascending triangle, confirming the change of trend.
RSI divergence near the resistance zone as well as MACD divergence. This is interpreted that the price will bounce and head into a bearish trend.
Comment your opinions!
We have now seen a sharp move in the direction which indicates a correct or change in direction.
After a yearly high at 9100 we have seen a decline to 7600. This change of direction we saw the 30th of May which also turned out to be a possible head of a big head and shoulder formation. This is yet to be confirmed however there are several things that indicate...
PHM turned out to be a good divergence to the downside with a topping pattern May 17, 2019. A new top is in place but the MACD is diverging even lower indicating price should be around 31.5. Trying some June 21 expiration 31.5 puts at .27.
Saw ADBE yesterday in this pattern MACD has been diverging down for some time. The MACD divergence indicates price should be at $275. OTM options are a taf expensive. June 21 expiration 267.6 puts are at 3.10. might be worth a couple of contracts.
DIsney showing a modest downside MACD divergence on daily charts. MACD indicates price should be $130 ish gonna try a few June 21 , 2019 130 puts trading between .16 and .17. 15 minute MACD diverging down nicely too.
The Price has broken the bearish trendline and it has closed above the resistance zone. The Price confirmed the change of trend with the MACD and RSI divergence.
MACD divergance is shown near the resistance zone and without RSI closing below 70
Comment your opinions!
The MACD divergence on the long term chart of TRV indicates prices should be near the $128 level. The topping pattern forming on the daily seems to add credibility that this move is over. The daily chart closed near the low today and the MACD on daily is diverging down. Those who follow other time frames will note the weekly while in a large double top too of...
The May 24 expiration 107 calls are under a dime, spread is bit wide and the Mqy 31 expiration 107 calls again spread wide .16 - .20. Im gonna grab 100 shares of the ETF for a short term move and throw stops very tight just under $106
The price is in a support zone where it bounced back and created a MACD divergence with two peaks so it is a rejection of the trend change.
RSI did not cross the 30-line meaning there was not a confirmation of the rupture.
The profit is set up until the resistance zone but you can take profits in the retracement
The market found some support and is up to $177.13B today. Dominance has dropped to 55%. The current alt market was caused from a 2% shift in dominance meaning if BTC spikes and the dominance raises to 57%, there are some alts that will be seeing some new ATLs. The price of bitcoin is testing resistance at 5500.
Over the past 3 days, we have seen each daily...