SPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30. Heavy eyes...
Here is Reliance daily and weekly support and resistance and RSI trend.
blink charging ok, I think this is extremely interesting it has been going really high from the $20 bottom. almost +100%. after it hit today's resistance line, it is probably going down, BUT then we have to possibilities: it can resume going up, to more than $40, OR it can keep going down. there is a divergence in RSI and chart's prices, so it SHOULD go down,...
There's the reversal as highlighted as a high probability in my previous posts. Safe profit area highlighted - However considering that the Dollar has shown weekly reversal patterns, DXY might just have a breather from going down until 2021 > Aiming for 95/96
Two tide combine. As per my previous graph, we see a clear bullish weekly RSI divergence. The 4hr chart implies similar, but is also accommodated by a near perfect harmonic butterfly formation. Safe profit range would be around 91.1/91.2 as the harmonic butterfly suggests, however with a weekly divergence within a long running falling wedge the dollar might see...
FX:USDCHF The Setup Downward Wedge bullish breakthrough on 4H chart. Technical show a MACD & RSI divergence. Trading You can Enter Trade at current levels. More conservative traders can wait for the price to retest the wedge pattern. Stop Loss at 0.8846 (below last low of wedge ). Suggested take profit levels shown as white horizontal lines. ...
While USDJPY has a bearish overcast, it does give counter-trend traders a buying opportunity once the market has extended towards the support level of the sideway bounce formation. I'll be waiting for a double bottom with RSI Divergence to engage the trade at 103.72. If the trade was engaged, 103.94 will be the level that I will watch closely if a break and close...
Hi Folks ; BTC is broken the downtrend channel and the expert traders are looking for a nice & cute setup on this zone with 21K target.Only keep watching to appear a reversal signal and then setup a safe entry point for long.I will see you guys on 21K level.
This is just speculation. Trading near support within pennant. RSI hidden divergence.
Link is trading near a support zone in a falling wedge nested within a ascending parallel channel. This zone corresponds with support from the volume profile and the 0.382 fib retracement level. It is also exhibiting RSI divergence and is oversold on the Stochastic RSI. If it finds support, we can expect it to maintain its uptrend within the parallel channel.
USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels. The RSI overbought(shorting opportunity)...
EURUSD has a continual appreciation of the upside. The counter-Trend trader could wait for a double top set up at 1.1977 with an RSI Divergence for a shorting opportunity.
⛔️ Very short term bullish action in the middle of a pullback. This could be re-accumulation by whales after they liquidated over-leveraged Long positions. 💚 If you wanted to buy a dip. Here's your Black Friday Sale.
The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November. Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h. Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
Square might be due for a pullback to ~$170 (0.236 Fibbonacci level & channel support line). - An extended bearish RSI divergence forming on day chart. - Trading near top line of resistance and above upper Bollinger band (2 standard deviations from 20 moving average).
HDFC LTD spot CMP 2272. Bearish BAT pattern formation Bearish Alternate 1.618AB = CD pattern formation PRZ in range 2368 to 2424 zone Pattern violation above 2450 once sustain above this levels for 15 mins Down side 2200--2100-2000 possible RSI bearish divergence :- price making higher high and RSI making lower high
Hello traders ! Today we are going to analyse NZDUSD pair. As you can see in a chart,our overall bias are BEARISH but what can you see on 4H timeframe ? We can see nice "Rising Wedge" pattern and also the Elliot Wave Theory. Price has already made its 5th wave and now we should expect ABC correction. I expect this correction reach our support level which is still...