High volume pushing price down. RSI cross still giving short signal. Daily TF is bearish and about to touch bearish middle bollinger bands. entry at SD level and at 61.8% fibonacci level.
For the first thing the MACD is completely BULLISH. RSI seems good, it isn't overbought. Bollinger bands confirm a bullish trend. In few months SPX500 could arrive to 2100.
CD leg with a 1:1 ratio with the XA leg falls into the blue region shown on the graph (which is also a confluence of the 0.786 retracement and 1.272 extension, so will look for this as an entry point . Stop loss is based on previous structure support as shown by the horizontal red line. Not only is this a nice Gartely, but we also have the entrance point on...
CADJPY: H4 kijun sen crossed, RSI overbought. confluence with 61.8% fibonacci level
3 Dives Pattern with feb confluence with rsi divergence audjpy
Expecting maybe a last leg up on daily chart under the trend line again, where the chart will plot negative divergences after it has already managed to complete the bearish bat (by reaching the 1.618 extension of the December swing high). Other signals and important levels can be observed on this chart. Good luck, everyone!
USDCHF: RSI5 OVERBOUGHT. LONGER TF (H4) IS ON DOWNTREND. Entry at 50% fibonacci level. SL is recent highest ATR
USDJPY: RSI5 Overbought. Longer TF (H4) is on downtrend. Confluence with 61.8% fibonacci level
We have what looks like a double bottom here. I entered this trade at 1.2762 but forgot to share, but there is still room to enter. RSI shows bullish divergence below the oversold point, which is a strong signal. My initial profit target is based on structure.
After some signifigant bearish divirgence, the above chart shows several more signals of trend weakness. Uptrend officially over after a lower high on this TF will have formed.
Falling wedge with 6 hits (currently). Looking for a 7th hit and will be watching closely for a breakout on the 8th. The length of this wedge suggest to me that there could be a strong breakout.
RSI Overbought, B%20 over mid, B%50 over mid. Also confluence with 61.8% fibonacci level
But prices on trend line, prev resistance, and breakout
Check chart for notes, not much to say besides bearish longer term, could see a bounce up to around $2 soon as OIL seems to be finding support. Could easily find a 50% swing up before meeting the major resistance. But would set tight stops as the channel is bearish and the yellow trend looks like it could slap it back down. RSI looks to be diverging as well...
What you can see here is a nice sell opportunity. The best is to sell when price hits the line and is bearish engulfed. Best of trading!
Yesterday, Janet Yellen of the Federal Reserve spoke confirming expectations that the Fed would sit tight on interest rates. She even admitted today that the Fed is considering negative interest rates. Her ominous tone did not bode well for the markets as evinced by the abysmal market opening today here in the US. In fact, the world's markets are rearing from...
Technicals We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs. There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price. Fundamentals...
So on daily chart divergence is going to its zenith and price is very close to MA50 and MA200, which I suppose will not stop pair from breakthrough.