Nice bat forming at a historical Ice line form way back when. Divergences are forming on other oscillators but Class A reversal divergence is on the RSI
There are four instances of Hidden Bullish divergence and tail end MACD selling momentum that is waning. It is a long-term trade position with a clear invalidation below the last higher low.
There is a new higher high but yet to be a higher low with continuation divergence.
there are more market risks than I like. Index's look ugly, tax season, it comes down to follow through price action at a historical inflection point. The white line must be broken and back tested as support to cause a change of character.
Under this market's selling pressure i...
After a retracement from the local high being made to the .618 to the .886 we can layer our bids there. Shown with the long position tool( GREEN/ RED buy orders)
There is an argument for continued downside because of the maturing hidden bearish divergence on the local high being made right now.
This MPLIES impending price continuation to the down side. In essence...
For uber it is also similar to DKNG it is currently testing what was once previous support as resistance.
There is no bullish divergence.
If it fails the bearish backtest of the red line, it will possibly find support on the previous local resistance highlighted by the green bar. Set an alert there and above the red line in case it breaks upward.
DO NOT CHASE...
DKNG
I would advise against purchasing currently, this looks like a bounce. I see no double bottom or confirmation that the low is in.
There is only convergence between the chart and the indicators. We want a clear divergence to show sellers are exhausted before we place our order. It fails at the red line resistance i put in the green box. It is regarding...
There is bullish divergence at this new lower low.
I usually like to see a separate histogram island but this will do because there is a separation on the RSI.
The targets are on the fib nodes up to the golden retrace. Set your limit sells just below them. Not all targets can be hit or will be hit.
take 50% out at the first target and 25%, 15%, 10%,
Set these...
