Relative Strength Index (RSI)

Let's think about possible entry levels using MA indicators and support levels. We can see how the market moves to the possible reversal levels. DMI indicator shows trend market conditions but ADX line falls and it tells us that we should not expect strong up movement within several days. MACD also confirms down movement. RSI falls to the oversold zone and we ...

I don't believe we are even close to the target of OMG. RSI looks to be crossing across the board is following the elliot pretty good. I will keep an close eye on this but it's not looking to fall down anytime soon. If you are not in yet, Wait until it hits trend line and go in there. Set tight stop / loss, if trend breaks i think it will be fast down.

There is a strong bearish divergence of price and momentum (see the red line behind the candles: this is my jeddingen divergence indicator that spots those divergences). And there is also a divergence of price vs. RSI - price is rising while RSI was overbought and is falling now. Price could fall to the weekly pivot but to be safe, the profit target should be at ...

RSI is overbought. If I get lower low lower close candle signal I can enter short position at market. Risk/reward must be at least 1:1 and price action has to stay in my kill zone (red box). We have bearish trend on Higher Timeframe.

The market bounced from MA50 and the support zone. RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level. We'll have to watch for price action near the ...

Will EURCAD repeat what it has done back in early June? We are seeing a similar pattern forming recently - 1) Price has been inching higher with a loss of strength and momentum; 2) We are seeing a divergence in RSI and price; and 3) Price is entering the minimum expected area of wave 5. All these factors gave us the expectation that price has a higher ...

There is a bullish jeddingen divergence (divergence of price vs momentum) and MACD is about to cross the signal-line. RSI was oversold and is rising now. The current downtrend might reverse, price could rise to the weekly pivot at around $30.

Dow Chemical has been in a bullish trend since 2009. It has been in a narrower bullish trend since January 2016. On a few occasions through this trend, three of the technical indicators discussed below are at similar levels that they are at now. These instances have resulted in short-term losses for the stock. I have also conducted further analysis based on other ...

It is a little bit late for this post; but, here it goes! For the actual moment 4HRs time-frame does not show entry opportunity for long positions. Moreover, we are on all time high (ATH) region, which means that higher price can be reject due to 'take profit positions' from market. https://www.tradingview.com/x/rlprt8YR/ Taking a closed look on the chart ...

Bullish divergence on the 1H AUDCHF chart MACD is about to cross the signal-line RSI was oversold and is rising again Price went down to the support on the daily chart but maybe support will hold

AAPL touched the EMA200 a bullish jeddingen divergence occurred (price vs momentum) RSI was overbought and is going up again MACD is about to cross the signal-line All of the above indicate that the price of the stock might go up again. The short-term profit-target is the weekly pivot at $150.19

This week the top 3 currencies to focus on will be the AUD, GBP and USD. Looking at EURGBP, price has reached the minimum expected area for an expanded flat structure, forming the X structure of a higher degree. Coupled with the RSI divergence and crawl move of the price development, we are in anticipation that a down move is coming soon. For this, we will be ...

We don't get any good swing setup this week. Thus we shifted our focus towards equities market as well as intraday trades on the currencies. As a trader, we need to be versatile and adaptive towards what the market is presenting to us. No point forcing a trade just because we needed to take one. Having said that, GBPUSD is currently presenting a decent very short ...

Since reaching a low of 124.786 in October of last year, GBPJPY appears to have ranged in a rising wedge with stable highs at around 148.00, and rising lows, most recently at 139.529 In support of the identified chart pattern, we find that RSI has consistently provided reliable buy and sell signals within this pattern, striking into (or close to) oversold ...

Similar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also the trend ...

As long as we hold above 0.8350 support level the bullish rebound scenario is likely in my view. Only a daily closing below 0.8350 could invalidate this scenario. Near term targets for are outlined on chart.

NKE is in an uptrend (EMA200 rising on the 1H chart) but there are multiple bearish jeddingen divergences (price vs. momentum), MACD crossed the signal-line and RSI is recovering from overbought levels - all these are indications that the price might fall a bit, before it's rising again. Profit target is $58.83 (around the weekly pivot)

I typed up a long explanation on this trade a couple of minutes ago and then computer crashed....Not bothering agin.... So sorry about that. Read the chart. It was a good trade. I will study it more ;)