The EURUSD has been on an upward trajectory for quite some time now, but the recent price action on the 4-hour chart has raised some concerns. A RSI divergence has been observed, which is usually a bearish signal. As a result, caution is advised for traders who are currently holding long positions in the pair.
The upcoming rate decisions from both the Federal...
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In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic.
If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered.
Until the...
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On the daily time frame, the idol pattern is associated with negative RSI divergence. The $1,654 resistance area is very important.
If the upward trend is above the price range of $1,762.46, the possibility of continuation to the area of $1,815 is strengthened. And the view of forming a downward trend will expire.
We would be happy to hear...
The long-term downtrend line of the RSI has broken upwards on the weekly time frame. Do you think this trend can be considered a pullback to the broken level with a positive divergence?
Do you think we should react to the midline of the long-term descending channel from here?
Of course, there is still a high probability of seeing the $13,000 range, but what if we...
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It seems that at the end of the downward trend of the daily time frame, due to the positive divergence of the RSI, the probability of completing a downward wedge pattern is high.
If the current rising trend is above the $0.81 range, we can expect the completion of the pattern and the formation of a rising trend, provided that the $0.378 area...
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Looking closer at Bitcoin, the four-hour timeframe
We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher...
Hi everyone this is my first ldea here and to be clear I have 0 knowledge in crypto analysis but I'm developing some indicator any use it in trading like " Ultimate RSI With Some Spices " indicator
-- I thinks that we have to break up the golden line here if we want to see BTC UP , but if we don't like the red line we'll back down another time this is simple I...
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...
The OCEAN price formed a RSI and MACD divergence at 8h tf and RSI is located at overbought zone.
Also there are a MOM and OBV divergences.
All of them go over to longer timeframes.
It could bring the price to 0.2 level.
On the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the...
BTCUSD reached supply as it touched the Anchored VWAP at the 2022 high (@alphatrends insight), rejected the 23,000 price area after rising to 23,062 USD, which could be seen as a bull trap and a false breakout of the mother of all trendlines from ATH. This strong resistance combines the major trendline and the VWAP with a neckline of the 2021 bottom. Price action...
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On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak.
But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern.
On lower timeframes, the drawn bearish scenario...
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happy new year :D
On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend.
The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we...
Hello dear friends
In the four-hour time frame, positive RSI divergence is associated with butterfly and bat harmonic patterns.
Considering that the support range of $0.06552 has been maintained in the previous correction process, the possibility of seeing the lower areas is currently weak.
As long as the range of $0.070026 is maintained, we expect the...
YINN the China Bull EFT has uptrended dramatically of late however
it is far extended above its moving averages while the RSI indicator shows
decreasing strength as a divergence. Price rise is hitting the resistance of
the POC line of the intermediate-term volume profile where sellers will
step in and invoke selling pressure in a triple top making the...
RSI DIVERGENCE: is still valid (look left)
- Higher High price but Lower High RSI .
- RSI: a point is must at overbought (70)
- RSI: b point is important > must crossunder 50 >> mean to enough make a reversal.
- RSI: c point < 70 (undes overbought).
CORRECTIVE WAVE WAS BROKEN:
- Swing Low (Lower Low) for Profit.
TA: Elliott impulse wave (12345) - Elliott correction waves (ABC) - Falling Wedge Pattern - RSI in weakly time frame is still bearish . I can't see any bullish market structure
Macroeconomics: EUR problems bcz of Russia inflation - covid-19
![NIFTY: [Educational]NIFTY Historical Double Bottom Pattern Analysis](https://s3.tradingview.com/q/qDXA2OMK_mid.png "[Educational]NIFTY Historical Double Bottom Pattern Analysis")
