Get started

Bearishdivergence

Dax Short Term ForecastH4 - Triple cycle to the upside completed, price respected the key resistance zone and is moving lower. Bearish divergence, the price has broken below the uptrend line. Price still has room lower towards the key support zone formed by the 38.2% (10010) - 50% (9621.1) fibonacci retracement zones of the triple cycle. H1 - Price is currently moving inside a bearish flag pattern. We have a key resistance zone formed by the 100% (10675.6), 127% (10737.6), 161.8% (10817.6) fibonacci expansion levels of the first wave, top of the bearish flag pattern and the H4 uptrend line. Until this key resistance zone holds my short term view remains bearish here. Break below the bearish flag pattern would validate this short term bearish view.
DShort
by VladimirRibakov
3
Critical Area for SPYToday's market action created a "Dark Cloud Cover" candlestick on the close. This is a bearish reversal formation. For confirmation, we would like to see continued bearish movement tomorrow. The close today was right at the rising trendline, perhaps even just below & the market began pulling back near a previous gap down level (dotted pink line). It's important to also note the bearish divergences with the RSI & Accumulation/Distribution indicators as well. Tomorrow may be a big day in deciding which way this market breaks. If the market continues higher, a move above the gap level of $290.23 will negate the bearish outlook & return to a bullish stance. Be prepared to protect profits on any open positions you may have as none of us knows how far the market can drop on any "pullback" in this current market.
AMEX:SPYShort
by Chartimistic
2
AUDJPY ForecastD1 - Price has reached an important resistance zone, we have a hidden bearish divergence followed by potential continuing divergence. H4 - We have two key resistance zones that have formed based on the fibonacci expansion levels of the cycles we have. Price has reached the first key resistance zone, bearish divergence. H1 - The swing on the H1 chart is approximately at the round psychological 69.00 level. If we get a valid breakout below uptrend line and the low at 69.02 we may then expect further continuation lower.
Short
by VladimirRibakov
2
MCD - scalp puts to 181.63Broke out of rising wedge on daily chart Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H Broke out of rising wedge with volume on the 1H with MACD crossing down Bearish divergence again; price (HHs) MACD & RSI with (LHs) Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a bearish sign If $MCD breaks and holds below 184.33 with volume, it could see 181.63. LMK WHAT YOU GUYS THINK!!! HAPPY TRADING
NYSE:MCD
by NCEJ_LL
1
Trying to Understand My Analysis Mistake for $GRPNGetting frustrated with myself a little bit. I dumped NASDAQ:GRPN on Monday because I saw these two hidden Bearish Divergences on the dailys. This was also when it was testing the 50 SMA resistance and I also noticed consolidation on the boiler bands so I assumed that the resistance would hold and price would go down. For two days now the price has shot up, broken the 50 SMA resistance and broken through the boiler band consolidation. If I held long I could gave gained by now +24% more in profits which I lost out on. Does anyone see anything wrong with my analysis? I have only been doing this a month.
NASDAQ:GRPN
by jdm69
3
AUDUSD ForecastD1 - Price has reached an important resistance zone formed by the 38.2% - 50% fibonacci retracement level of the cycle we have and the downtrend line. Bearish Hidden Divergence. H4 - While measuring the first wave, the 61.8% fibonacci expansion level coincides with the daily resistance zone which makes this area a very strong resistance zone and the price is holding in this zone. 20 candles ride in Bollinger Bands, bearish divergence. H1 - Bearish convergence. Until the invalidation level shown in the chart holds we may expect further continuation lower.
Short
by VladimirRibakov
2
Silver ForecastD1 - Bearish hidden divergence. H4 - We have two important resistance zones that has formed based on the fibonacci extension levels of the cycles we have. Bearish divergence. H1 - Currently the price is moving inside a rising wedge pattern. Price has reached the first resistance zone, bearish divergence. If the price moves lower and breaks below the low at 15.138 we may then expect further continuation lower. Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second resistance zone.
FX_IDC:XAGUSDShort
by VladimirRibakov