Long waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.
On the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence. The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065. I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
A great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it. There's a retest on this and is great to see a RSI Divergence on this bearish crab. One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone. Candlestick pattern...
- Spotting Divergences is a good way to be prepared for a potential trend reversal. - Many peoples are using RSI in a wrong way, as fix point indicator (oversold or overbought). - in reality RSI is a "Momentum indicator". Point to Point. - Divergences most of the time are not enough to enter a position but help you to have more nice cards in your hands. - They...
Hello friends The positive divergence of the RSI in the four-hour timeframe was issued to us, on the other hand, the white range ($4.942) played a supporting role in the correction process. If the current trend is above the $5.30 range, the possibility of a bearish wedge pattern completion at the end of the downtrend is strengthened. Provided that the red range...
A potential Bullish Butterfly may form up at 0.6340, NO. By looking at the current candlestick pattern formation, it is more likely for the market to react from the current price of 0.6368. To most Harmonic Patterns traders is a big No-No for them, but sometimes we have to execute flexibility. With that said, I will look closely at the market movement from...
GBPUSD on its daily chart reversed on the Key Resistance level. Counter-Trend traders could wait for a 3-bar reversal on the dotted blue line. However, that is NOT good enough for me. I will need to see a Double Bottom with an RSI Divergence before I'm interested to engage in the trade. What is the condition you need for you to get on a counter-trend trading...
If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is...
Hello my dear friends Currently, the price movement is at the end of the long-term downward channel. A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line. Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend...
Hello Dear friends In the four-hour period, the negative divergence of the RSI has been issued to us, but we do not have another signal to form a corrective trend! And as long as the upward trend line is maintained and the movement trend is not placed below the price range of $6.39, the probability of breaking the resistance range of $7.25 is high. We would be...
well guys nothing to say. RSI just bounced in the 50 point. look down below. Support on the Yellow Line of all the tops weekly. Maybe 1$ soon.
guys this time i bring you a diferent coin but one of the first ones i bought 2 years ago. in the weekly chart thanks to the rsi we see that ever time the pueple line is above the yellow ones , a bullrun is coming. in the chart if you see, there is a comun pattern,we have seen this 3 timrd in the pass, can this be the 4??
Hello friends The positive divergence of the RSA in the weekly chart and the downward trend line , which the price is just below, is an interesting combination, isn't it!? If the $12.25 range is maintained in the current trend and the upward trend is placed above the $17.2 price range, the long-term downward trend line will be broken upwards. In this case, we...
The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866. Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI...
A potential double-top setup is great for both counter-trend and trend traders to hop onto the trade. The trade might not hit my final target taking level but there's a high chance for it to reach my risk-free zone before market close(finger-cross)
we have divergence in the RSI WEEKLY CHART!! this means the token will Caboom!!! 2000% ====SOON LIMITLESS
Bullish Divergence confirmed on BItcoin 1Day, 2 Days, 3Days, and 4Days Charts. Will we get the weekly one? Let me know what you think.
Rsi div right at daily support level.we might see a good pull back