Oscillators are popular and widely used because they are leading indicators that can signal a possible trend change that is yet to start. This type of indicator oscillates between two limits, above and below a midpoint and its value helps to gauge the strength and momentum of a trend. Oscillators also typically signal if a market is overbought or oversold (meaning price is unjustifiably high or unjustifiably low), which could point to a reversal of the trend. This could be used to determine when to close open positions.
Oscillators work best in ranging markets because in trending markets they can show overbought or oversold conditions too soon. Common things to look for are a midpoint cross, approaching maximum or minimum value and regular or hidden divergence. Oscillators are usually plotted with a line or histogram. There are many oscillators such as the Relative Strength Index, the Stochastic Oscillator, the True Strength Index and the Ultimate Oscillator.
Price is dipping lower as expected. We talked about the dip happening on our youtube show, and so far buying interest interest is coming in on dips.
I laid out areas of support on the chart around the Fib level and the area on the RSI. Low trend momentum should keep us inside the trading zone of 3800ish to 4100ish.
Happy trading!
Here we have an opportunity to buy CADCHF in a descending channel.
-Clear Bullish RSI Divergence while price was consolidating within the wedge
-Oversold RSI
-Price touching large channel support
On a macro level I still hold a bearish bias
Inspired by @JamesEvison who caught the triple bottom and RSI divergence before I did.
I wanted to suggest a few more ideas to support a possible bullish reversal.
1. Break of descending channel
2. On a larger time frame we see price has consolidated nicely between the .382 and .5 fib retracement level
BTCUSD slipped the 12H SMA and slipped to the 50. Previously we had the 100 cross the 200 bullishly. The RSI showed hidden bullish divergence in orange and now a technical double bottom in blue (if it holds). If the 50 MA holds we are good, if not then don’t really worry unless we breach the 200w. I know we less than an hour into this 12h candle but so far it...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
- Stochastic Oscillator and RSI on both the 4-hr chart and hourly chart are in overbought territory
- Price recently tested strong resistance from daily and was unable to sustain a cross above
BINANCE:ONGBTC
Bullish divergence: Both divergences look for “disagreement” between the technical indicator you are using and the price action itself. In the case of a bullish divergence, the signal occurs when the indicator is making HIGHER lows (becoming less bearish) while the price action itself is establishing LOWER lows.
Non financial advice
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Here we have an opportunity to buy EURJPY within a descending channel.
Exit areas are resistance levels and fib levels that show confluence with structure
On the Swiss Yen we can long the pair within the symmetrical triangle.
We have:
-Bullish RSI divergence: Rising RSI with lower lows on price
-Descending bullish wedge
-Support
The death cross on weekly chart and a slight bearish divergence shows us s bigger probability of breaking on the downside and retesting lower resistance zones. Expect a retrace till rsi reaches the 30 levels, for a double bounce, just like in previous bear market. Bearsih short term but bullish mid term
I have here a simple setup using the RSI. If you take a look at the ascending trendline then you'll see that it broke below it and is going for a retest.
This does not mean that it's going to be in a downtrend but it will be a small short down to the necklines.
TL:DR Upward momentum to the real estate market is coming to an end with ETFs, REIT, and REIT ETFs in the US and EU showing topping behavior and China showing a continuation of downtrend. The assumption is holding flat or even reducing interest rates won’t work if people debt and willingness to borrow/loan is already maxed out. Moving averages, Divergences,...
1, Monthly Resistance
2, Double Top
3, Ascending Wedge
4, RSI Divergence
WAIT FOR DAILY CLOSURE BELOW THE LOWER BOUND OF THE WEDGE
TARGET BASED ON FIBONACCI RETRACEMENT ON HIGHER TIME FRAME + BASE OF PATTERN
This indicator was originally noted in the tradingview help forums. Noted from "Google's Finance Site," but they use a modified (using EMA instead of traditional SMA) slow stochastic with the %J equation (%J =3 * D – 2 * K ). I can't find any references to the origins of the %J equation, but it is noted in several other online...
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