Please zoom out to see my chart fully.
Highly likely reversal on USD/CAD.
This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new...
AI-generated wedges broke down.
Both retests concluded rejection.
RSI has just crashed.
Machine Learning recommends "Short" position.
Details are in the idea.
Alternative short ideas in RELATED IDEAS.
sofi
SOFI - a lot of momentum in the business with a bank charter around the corner, new president, football stadium, and more. This stock looks ready for a significant move to the upside. I could potentially see one wave lower to the green demand box, but with the 4hr divergence, decided to go ahead and jump in. Long shares of SOFI.
Target $40+
Process to identify Double Bottom Pattern:
1) Find out Support/Demand Zone in the script
2) Use RSI to identify any divergence in current trend
3) Place Early Entry or Wait for any candlestick pattern confirmation - i.e Hammer , Bullish Engulfing, morning star or others bullish pattern.
Entry and Stop Loss:
1) Early entry at support level on basis of RSI...
BABA showing a potential breakout from bullish RSI divergence while hitting a strong area of support on 1D timeframe.
I will be watching the $145 - $138 range closely for support in the coming week.
Bull Case
Expect PA to retest and find resistance at the $158 region.
A break, retest, and support of $158 would act as confirmation of likely further bullish...
In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA
Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI
So that means Solana will break in near future ?
Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support...
Hello everyone, as we all know the market action discounts everything :)
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The ETH token is at risk of dropping back to the 3000$ level in the next period of time as the chart showed 2 divergences between the market and the RSI and MACD.
when the...
Dot has broken past the local golden pocket and the final major local resistance, and is currently pressed against the top of the major golden pocket,. which tracks back from the May - July dip.
Chart Patterns:
Dot rejected the bearish head and shoulders pattern that I had previously predicted on Sept 30th.
The Head and Shoulders pattern from September could be...
Following the strong rally seen over the last couple of days (4 successive white candles) the BTCUSD
lost momentum and switch from an upside price action to a sideways price action in a narrow slightly up
orange channel (currently in a 53'500-56'500 trading range) and facing right now roughly the middle level of this ongoing sideways/up trend
channel.
Looking...
I drew some divergences. all arrows followed DIVERGENT principle.
Current: some recent candles try down or fluctuate 40k->44k to form a NEW UP DIVERGENCE( RSI UP, PRICE DOWN or STRAIGHT bases on LOW PRICE -> It is building on 4H TF)
PS: I am big fan of divergence
This is the published idea for the analysis done in the video walkthrough HERE
Looking to trade the RSI divergence on a 4H time frame.
Keeping a tight stop loss as no confirmation of divergence has played out and I am taking the trade preemptively.
Risk of loss against portfolio has been identified and accepted.
Entry : $4.80
TP1 : $4.97 - To cover...
Wanted to give a video walkthrough of this trade to cross reference the published idea to give some perspective on my thought process for it.
To track the progress, see the link to the idea below.
We have a Bullish Bat Retest with an RSI Divergence. This is 1 of my favourite combination for an aggressive trade.
Well, I'm in for this. Not quite sure if this will be the trade for you.
Share with me why or why not you will be in this trade?
A Bullish Bat Pattern has retest at X, which is effectively retesting on the support level of the buy zone. What's nice about this retest is that there is an RSI Divergence happen on the retest.
What's comforting to know is that there is an Ascending Triangle that seems to form on the daily chart.
A Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups.
Comparing the 2, EURJPY would be a much-preferred pair as it forms upon...
![NIFTY: [Educational]NIFTY Historical Double Bottom Pattern Analysis](https://s3.tradingview.com/q/qDXA2OMK_mid.png "[Educational]NIFTY Historical Double Bottom Pattern Analysis")
