After 6 months of aggressive selling, both the Nasdaq100 and SPX100 are potentially forming bullish divergences on their monthly charts. Whether this will translate into a longer term trend reversal (to the upside) remains to be seen. However in the near term (likely for the next few weeks), we might see some rebound as market works off the deeply oversold...
INTU hit the low on 13 May and has not gone any lower since. It has been chopping sideways for almost 2 months and appears to be forming an ascending triangle (odds of breaking up is greater). On the monthly chart, we are seeing a possible 3rd inside bar this month and also a bullish divergence with the RSI. A breakup of the ascending triangle at 425 could be...
MACD cross and RSI rock bottom and turning. You know what to do.
This pair is still in a downtrend. We are seeing the high of yesterday as a resistance. There is a small pattern to sell. And a big pattern to buy right at the bottom.
Hi RSI indicator needs some improvement. such as: 1- add on it auto-selection of bottoms and tops, right you add some improvements to it, it will be easy to give you where are bottoms and where are tops, 2- also gives you if this trend is positive or negative. on the chart or on the indicator. 3- it gives you a signal if it's up or down. rather you select them...
15 jam yang lalu Elliot Wave Technical Analysis: Elliot Wave recounting & update Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend CHART ANALYSIS Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Minute wave” correction Zigzag Pattern...
The triple divergence of the daily RSI points to a significant loss of upside momentum and is giving a red warning flag that we may well see the start of a corrective move lower. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting,...
Elliot Wave Technical Analysis: Elliot Wave recounting & update Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend CHART ANALYSIS Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Primary wave” Double combo correction WXY Expanded Flat...
AMD is making rsi divergence on daily and falling wedge pettern right at previous long term tested support wait for the breakout and retest
This pair is on a downtrend. The EURCAD has hit OB on M15. There is divergence on the charts. Looking to protect at 1.3455 or hold until it falls further.
Just look at the RSI it fell that much but on the graph chart it only fell a little compared to the previous dip on the RSI chart & graph chart. LONDON, June 30 (Reuters) - OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards even as prices have risen on tight global supplies and...
4h logarithmic time-frame: after a heavy fall, price starts to create a corrective compression moving pattern inside a downtrend channel. we can detect bunch of RD+ divergence(bullish divergence) in many indicators such as MACD and RSI. due to DXY and Gold prices we wait for breaking up the channel.
BTC has been hammered but there is a lot of buying interest now. This is the 3rd week it has found support at the 18,000 - 20,000 area and we feel this will be a big move upwards. M15, M30 and H1 is oversold. There is nice divergence in M15. Time to finally BUY BTC!
This is a counter trend. However I see this as being overbought on every timeframe. Looking for a quick counter trend for about 50 pips and then go long again.
BINANCE:BTCUSD Three Bearish Divergence will lead BTC to under 10K 2022 will be the bear market 2023 can see a uptrend 2024 pullback 2025 will be the Bull Run where BTC will cross ATH 2026 200K - 300K
Gold is approaching good support. We see support at 1800 to 1820. There is a nice divergence and a double bottom in M15. Targeting the high of yesterday for the first target.
The pair is in a Downtrend. M15 and M30 is overbought with divergence. The only danger is the H4 double bottom which is also at the week low However the trend is so bearish that we will take this with a tight stop loss of 30 pips.