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After a major swing upside, Radix is coming down to the support level. On the daily it's likely(!) you will see positive divergence on the RSI in the upcoming hours/days. Even the cup-and-handle formation is still in charge to be formed although it will be take longer then I primarily thought it would take to create. A lot depends on how the whole economy and...
key Highlight: 1.look good base formation on 220 level 2.getting good risk reward ratio 3.positive volume
Primary Chart: Potential for Symmetrical Pattern in Two Major Segments of Decline Shown by Roughly Parallel Price Paths in Orange Many recent posts have contained a great deal of written analysis and explanation. This post is intended to be a chart-heavy weekend update on the NDX as reflected by its well-known ETF ( NASDAQ:QQQ ). This post will be far more...
Primary Chart: Bollinger Bands (Yellow Shaded Volatility Channel) with Fibonacci Levels, Downward TL and VWAPs 1. As discussed earlier this month, AMD remains in a severe downtrend at the primary degree of trend. This means that the path of least resistance on higher time frames remains lower unless and until AMD can do a substantial amount of price work and...
The MACD shows positive divergence on the weekly time frame. Time to respect the divergences. As I showed in Dec 2021 they must be respected. 10 MONTHS RESPECT is what the bulls needed!!! We can not tell what will happen next but SHORT is not the thing to do.
Positive Divergences are developing in many stocks as they reach strong support levels. NVDA, SYNH and ZM are examples that showed signs of the run down ending as volume indicators diverged upward against the decline. This is an early buy to cover signal for short positions.
This stock has given good breakout from decending parallel channel with good intensity of volume, also positive divergences in RSI and Macd signaled on daily time frame before breakout. RK's mass psychological Cloud buy activated and RK's buy signal activated, Rsi breakout also making scenario more powerful, adx showing good strength along with positive Dmi,...
SAM- Boston beer company might be turning its course. After dipping to covid lows and giving all the 400% gains back it's coming back to live and today was up 6.19%. Earnings were much better than the past three Qs. Interesting to observe this one and see if confirms the uptrend in the next weeks. Positive divergence present.
Nasdaq showing positive weekly divergence suggesting that the Nasdaq will likely change trends from down to up or sideways at the least. This fits well with my other SPX hypothesis that there is an Elliott corrective pattern that shows some promise of being finished. Add to this the USDJPY weekly negative divergence and strong sell off, this paints a good...
Currently, EMA21 appears as resistance in the 4-hour timeframe. The Bear Flag formation we are in also carries the targets further down. However, although the positive dissonance in the Relative Strength Index correlation gives us hope, the trend formed for the RSI is a harbinger of probing the lower band within the channel. Also, another negative indicator is...
Postive divergence on the daily time frame for AUD and NZD against the USD suggest that there is a trend change in progress. We have sufficient evidence to support this in looking at other "risk on" assets such as the SnP500 and the Nasdaq as their monthly oscillators are oversold and trying to generate a buy signal. These two hypothesis combined gives us...
This suggests a buy in the NZDUSD. I have been looking at the WEEKLY time frame and looks good to start a longer term bounce. All looks good for this to be a longer term hold.
Gold like most other assets is suggesting buy. Trust the method and manage risk.
Short term bounce in my opinion, but that is just m bias. I can only trade what I see and I see evidence to suggests that this will go up for now. Where it will go we can not say.
Hidden Positive Divergence Between Price and RSI on 1H Timeframe
The price levels, which are currently 3.81, may fall further because it has broken the blue dotted line. If prices fall 12% lower and fall to the $3.2 levels (Yellow dotted line) and rise up from there, that is, if it makes a bottom again at this level, there may be a new rise. Because the RSI was 35 at the level when the price was $3.2, and it's 36 now, and it...