1 hour chart shows a possible buy setup. Based on elliott wave principle. Wave 2 is ended with W-X-Y structure and nicely touch the 0.786 fibonacci retracement level. The price need to break peak of X wave to validate the counting. Plan Buy if break 1050 stop loss at 760. This idea is also supported with bullish divergence on RSI and stochastic. Cheers & god...
5 waves down is completed with RSI showing bullish divergence , expect future trend reversal. The big picture of the major correction may have ended in a complex W-X-Y structure. The plan is to enter long when price break 925 which is peak of wave b inside of wave 2. Stop loss is set at 600, the first target is at resistance level coincides previous peak of...
LONG AUD/USD, ***IF there is a clear rejection at the 38,60% level of the fibonacci, wich is on the 0,64500 key level (psychological level) and it is also on a trendline dated from March 18th 2020. The market broke a trendline dated from December 31st 2019 and also broke the 0,64500 key level wich should both now act as resistance. There is also a divergence that...
Update to the previous idea posted. You can spot a hidden BULLISH divergence too with the RSI. Check it out. NASDAQ:SIRI
NASDAQ:SIRI Possible Exaggerated BULLISH RSI Divergence spotted as the price test the 20 SMA Support. Two double tap lows on the price while the RSI made a higher low. Also $SIRI Earning Q1 are released this Tuesday 4/28/2020 and they already announce they will be keeping the quarter dividend payment the same as before. Indicating there is a good chance they...
1. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19). 2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence! 3. Zooming into the 3H chart, we see a bullish piercing candlestick...
-Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down. -After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence...
- During SPX peak in February, we can observe RSI bearish divergence on the 30 minute chart right before the crash. This leads to the next point. - We can observe a second RSI bearish divergence forming in the last two weeks. - Following the low on March 23, the bear market rally has ranged nicely in a diagonal channel. - Ignoring April 1-3 in this analysis....
I think we will see another move down, in order to form a divergence at least.
simply reach resistance of 0.718 and come along with a divergence with three higher high price and three lower low rsi beware
Graph speaks by itself: prices are making higher highs while RSI is making lower highs. Bearish divergences usually make early short signals. Still wait for the prices to make lower lows to take your short position. 4h candle closing below $2720 looks like a safe bet for a swing trading. If you wanna play the test of the down channel side, you can wait for the...
When analyzing a market or stock on shorter timeframes it is very important to use a mix of indicators that can confirm the price trend, or suggest and underlying weakness in the price move. Technical analysts call different indicators moving in the same direction “confirmation”. When the indicators are moving in a direction contrary to the price trend it is...
Quick Technical Analyses trading pair USDMXN First Point theres a Hidden Divergence between price and the RSI (Green Lines) This is a Bullish Trend Second, ascending wedge is forming, another bullish pattern. Only Bearish pattern is the the double tops, which was my first thought going into the trade. My price target for next week is 24.5 pesos if the bullish...
Hello everybody, In this video, we talked about RSI indicator and 4 ways that we can use it. If you enjoyed this education video, smash that like button and drop a follow so i will make more videos like this. See you guys tomorrow. Take it easy. ~Bo Bugra Sukas
Maturing downside pressure divergence in RSI indicator Support zone Five wave fall structure Possible of a FLAT B wave Record-breaking jobless claims with a quick new law. This is the reason to forecast a trend change to the upside. This is the V-shaped recovery hope correction, I suppose. What would I like to see now? A failure swing low after to break the...
Bearish Divergence has started to reflect on PA. But price could move higher in the short term. Short with caution. Manage risk well.
Resistance Level - Price Reject the Resistance Level Head and Shoulder Pattern - Head and Shoulders Pattern Indicate the Buyers are Losing Control Over the Market. RSI Indicator - RSI Over-Bought and RSI Divergence indicate the Fading Momentum of the Ongoing Uptrend. Trade Idea - Based on the Clues Above, We can expect a sell-off if price broke below the...