GE has been trending recently off a base of consolidation after a downtrend. In the last session, the reversal began. The 15 minute charts shows price riding the upper bands of the anchored VWAP in the overvalued and overbought zone. The support resistance indicator of Luxalgo shows that price bounced down from the resistance zone. The stochastic RSI...
Take a look at 2Days BTC price timeframe. As you can see we got a bearish MACD cross after the divergency. Also I noticed a biger ADX divergence which means that the strength of the trend is fading. May be it could bring as to 24K next 1-2 weeks. What do you think?
The Big Short came in on the Weekly Chart with a Triple Top RSI Divergence. Currently, there isn't any opportunity for me to engage in the shorting opportunity. While waiting for a tested strategy like the Bearish 5-0pattern to appear, I will look out for other trading opportunity like buying on the demand zone or a Bullish Shark Pattern in taking the...
Ive added RSI to this, and it looks like its confirming the short idea even more. No one indicator should ever be used to make a decision, however when they all start to point in the same direction it might be time to listen. Stay safe friends!
Hi guys The long-term uptrend line is broken with the downside!? This trend has been respected from the beginning. On the other hand, we are exactly tangent to the midline of the descending channel. The long-term downward trend line on the RSI index has been broken to the top. Has this pullback to the level been broken? But the downward trend has strong...
Hi guys On the weekly and daily time frame, we have the variation of the harmonic pattern to form an uptrend. Provided that the $882.27 range is maintained, we expect a reaction to the $1010 range. We are likely to have an upward trend from this area to the $1630 range. On the lower time frames, we have signals to form a short uptrend to the $1398 area. What do...
If you are still in the thoughts of correlation currency, you can see that the NZDUSD and NZDJPY are moving in the exact opposite direction. Trendline Traders(right), you can see that the candlestick stood still and fail to break and close out of the structure. You might not be comfortable engaging directly on the 4-hourly chart(right) setup and this is when you...
Hello Birdies, Long time no see busy in daily life. Hope you guys are printing money. BTC has developed a 3 month bearish RSI divergence and Price Action is also not looking good. If the lower RSI boundary break we will see a very sharp crash IMO to somewhere 21k to 21.8k
If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup. Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement. Furthermore, the Bull run on the USDJPY has not ended,...
To be successful in trading, you can be a Casanova. This means you need not be loyal to your trade. You can buy GBPUSD during breakfast and sell it by lunch. That will be my trade plan for this week. GBPUSD on the 1-hourly chart(left). I'm waiting to buy on the blue line(1.2202) and short on the right line(1.2277). On the blue line, I'm waiting for the retest...
On the Daily Chart(right), the Bullish Shark Pattern has not completed its final target. The 4-hourly chart(left) allowed us to get involved with the trade at the Key Support Level. A double bottom with an RSI Divergence would be my cue to engage the trade.
Could this be a good call and setup for a buying opportunity on this Bullish Shark Pattern? It has a retest with RSI Divergence.
USD/JPY is forming bullish RSI divergence with falling wedge on 4H chart
A 533pips missed if you had not followed the analysis I've posted since March 6 (related link within this TradingView Post). It has yet to reach its final target. On a longer-term perspective, the USDJPY is on a Bullish Trend and traders looking to engage the trade to buy can wait for a buying opportunity on the 4-hourly chart. Some of the ways include a Double...
GBPUSD met resistance at the psychological price action level at 1.2200. Traders looking for a counter-trend trading opportunity could consider and observe how the market reacts at the resistance level at 1.2192 for a shorting opportunity like a Double Top with RSI Divergence. Failure to hold at that level, traders can wait for the Bearish Shark Pattern...
By the look of it, we might have the opportunity to engage in this trade, an alert was set at 1.3684 to wait for a buying opportunity that should happen in an hour or two. If it didn't happen, we might have missed it.
Hello Dear friends 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...