S&P500 has started to see the formation of an ascending triangle for a nice continuation of the current trend. The RSI has also shown divergence and MACD has given a buy signal. If the ascending triangle breaks, we can see a new high around 4150
This is a great RSI Divergence Indicator: Magic-RSI-Divergence
I usually use this chart to see the health of the stock market. The INDEX:MMFI is a good indicator to see if an uptrend is backed by the mayority of the stocks that play the market and not only the big caps leaders. This little divergence between the price action and its RSI shows that this indicator may go higher. Although, is a short term time frame so I'm...
Looking at pitchfork on XTZ, price is trending downward and nearing pitchfork support. RSI is sub-35 and indicates bullish divergence which should confirm a reversal.
Nasdaq looks to be respecting upper trendline resistance. Look for excuses to get short. RSI giving me nothing.
Hi Guys, this is just some idea that I worked on GBP/USD This is in 1 hour time frame, there's still a possibility for the market to go down to around 1.38132 before going up to around 1.39255 please lemme know in the comment if there's anything that I could improve on Notes: please take this idea with grain of salt, as I just learning to forex trading Cheers :)
RSI divergence indicates that price is going to upper levels within the descending wedge.
Price movement within a Symmetrical Triangle is going to be a bearish pattern and break out the resistance level. RSI divergence is another reason that can confirm bearish pattern.
Let's see if history will repeat itself or not this time.
A mild RSI Divergence on Head and Shoulders setup. RSI Divergence is critical and it's a make or break criteria for me to head in for a trading decision on the potential head and shoulder setup.
Bitcoin has been seeing some strong declines over the past week. During this time, a classic falling wedge has been formed. Falling wedges are bullish patterns. This is therefore a bullish potential trade on BTC . There is also a divergence in RSI (RD+), which is another sign of an uptrend On the chart I’ve marked two potential areas of resistance, r1 & r2. ...
On the 4 hours chart, there is a divergence between the price and the RSI. The price is doing lower lows but the RSI is doing higher lows. In every new low, the price penetrates less and less the lower bollinger band. Bullish.
BTCUSDT is currently in its correction phase after its intense rally upwards. Currently BTC is trading inside this Falling Wedge which is an extremely bullish continuation pattern, wedge is confirmed by the dropping decreasing volume. Also, the price is taking support at the 200EMA and the RSI is showing a Bullish Divergence on the 4 hours chart. All...
A potential Head & Shoulders setup with RSI Divergence gave an opportunity for the aggressive trader to engage their trade. The 1st target goes for 105.77 and target 2 will be shared with our inner circle.
We seem to be having significant bearish reactions every time we hit the top of the channel, It also looks like the RSI is struggling to make higher highs near overbought levels; Pair that with less than stellar earnings and you've got yourself a decent reason to enter a bearish position.
As mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom) I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement. Once the price come in contact with the trendline, I will shift stops to entry and the...
It is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple...
GBPUSD on all 3-timeframe shows a retest of the previous high and market is unable to break and close above it. On the 1-hourly chart, I'm waiting for a retest of the previous high for me to short the market base on a double-top setup with RSI Divergence.