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Rsidivergence

NAS100 Hits Record Ahead of NVIDIA but RSI DivergesThe tech-heavy index runs its best month of the year, extending the advance to new record highs. After last week’s CPI moderation, markets strengthened their bets for two rate cuts by the Fed this year, beginning in June. NAS100 now eyes the psychological 19K mark. On the other hand, the disinflation process has slowed this year and Fed officials have turned cautious around a pivot, adopting a higher-for-longer narrative, while the hawkish commentary continued this week from various policymakers. On the technical side, the RSI did not follow prices higher, in a divergence that creates risk for a pullback towards the EMA200 (black line). Daily closes below it, would pause the bullish bias, but that would need strong catalyst. Even if a pullback ensues, the path of least resistance is higher. NAS100 has looked past the Fed’s cautious shift, largely due to the generative AI boom and investors now await Wednesday’s results by NVIDIA, its enabler and main beneficiary. After February’s last report, the stock had jumped more than 12% and had lifted NAS100 with it, so there is potential for volatility. NVIDIA expects new record revenues due to AI demand and growth to the tune of 235% y/y. This would mark a small slowdown in pace and markets will want to see if it can continue to post eyewatering numbers, or if cracks will begin to appear. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NAS100Long
by FXCM
USDJPY Analysis: Bullish Flag Pattern PotentialTrade Strategy: Bullish Flag Pattern Key Levels: - Shorting Opportunity: 153.26 - Buying Opportunity: 152.84 Analysis: - Importance: Identifies a potential Bullish Flag Pattern setup - Technical Analysis: Signals a possible continuation of the bullish trend - Fundamental Analysis: Supports the bullish bias for USDJPY Trade Plan: - Shorting Opportunity: Consider shorting at 153.26 with candlestick pattern confirmation and RSI Divergence - Buying Opportunity: Look for buy entries near 152.84, targeting beyond the resistance line at 153.26 Insights: The USDJPY chart shows signs of a Bullish Flag Pattern formation, indicating a potential bullish continuation. Traders can watch for opportunities to short or buy based on the identified key levels. 📈📉 Keep an eye on USDJPY for trading opportunities based on the Bullish Flag Pattern setup!
Long
by RaynLim
Copper RSI Divergence Threatens Bullish BiasTechnicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to pullback, but the downside appears well-protected, starting with the EMA200 (at around 4.020). Daily closes below it are needed for the bullish momentum to pause, but that need strong catalyst. Fundamentals The improved supply-demand dynamics have fueled the rally and favor further upside. Optimism around China from recent data boost demand prospects midst the supportive green energy transition and the rebound of the chip industry that is largely fueled by the AI revolution. At the same time major mining companies have slashed their 2024 output outlook. However, China’s recovery is bumpy and the critical property sector remains in distress. The US economy is performing very well, but along with sticky inflation and robust labor market, there is risk for fewer Fed rate cate cuts that could create headwinds. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
USDJPY Analysis: Bearish Fib-3 Bat Retest Analysis: - Trading Setup: Bearish Fib-3 Bat Retest - Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone - Signal Confirmation: Supported by RSI Divergence - Trading Expectation: Expect potential stop-outs on lower time frames Trade Plan: - Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone - Risk Management: Plan trades in advance and adhere to rules that invalidate the setup Your Thoughts? Are you considering a short position on USDJPY? Share your insights and trade plans in the comments below! 📉 Remember to trade responsibly and manage your risks effectively! Trading involves inherent risks and requires careful analysis.
Short
by RaynLim
USDJPY Analysis: Shorting Opportunity Ahead- Timeframe: Weekly chart shows RSI Divergence - Trade Bias: Shorting opportunities favored Analysis: - Weekly Chart: RSI Divergence signals potential reversal - 4-Hourly Chart: Waiting for retest of previous resistance at 151.74 for short entry - Combo Trade Strategy: Stretching targets for lower risk and higher returns Combo Trade Strategy Explained: - Definition: Trade management system to extend targets for enhanced risk-reward ratio - Benefits: Lower risk exposure, higher potential returns Trade Plan: - Shorting opportunities identified on USDJPY - Entry upon retest of 151.74 resistance level on 4-hourly chart - Utilize combo trade strategy for optimized risk management and profitability Additional Insights: - Trading strategy not limited to shorting USDJPY; open to opportunities aligning with trading strategy - Flexibility in trading approach across multiple currency pairs Final Thoughts: - Market dynamics are not constrained by directional movements of specific currency pairs - Focus on trading opportunities presented by price action and technical indicators - Adaptability and versatility are key to successful trading in dynamic market conditions 💡 Your Thoughts? What are your views on the potential shorting opportunity on USDJPY? Share your insights and trading strategies in the comments below! 👍 Like if you appreciate this analysis! Remember, always conduct your own analysis and manage risk responsibly. Trading involves risks.
Short
by RaynLim
Unveiling the Power of RSI's Hidden Bullish Divergence.Greetings, friends and speculators. Let's take a moment to examine the Crypto King's relationship with the 2-month RSI indicator. The RSI has proven itself as a powerful tool, accurately identifying the exact bottom on three separate occasions. During the bear market lows of 2015, 2018, and 2022, a hidden bullish divergence emerged, signaling the conclusion of the downtrend and the initiation of a new "Mark Up" Phase. Interestingly, there has been an approximately 20% increase in the duration between these hidden bullish divergences. If we extrapolate this trend to the current period, we might anticipate a market bottom around July 2027. However, approach this prediction with caution, past performance does not guarantee future returns. To confirm a valid Hidden Bullish Divergence, the bulls need to maintain the price above the 2022 lows while ensuring that the RSI makes a lower low. Apart from indicating market bottoms, the RSI indicator also aids in pinpointing optimal exit points. Notably, RSI levels surpassing 90 historically denoted the conclusion of the bull run. With the current RSI hovering around the 70 mark, it suggests that the bulls still possess plenty of ammunition as they advance further. I should note that RSI has made a lower high during the last 2 market tops, one could assume that a lower high in this bull frenzy would fail to penetrate the 90+ level. If you recall my BTC post from September 2021, I advised bulls to start dollar-cost averaging into positions. At that time, BTC was experiencing an "Accumulation" phase, and it's clear that we've transitioned into a "MarkUp" phase now. As we approach the final Bitcoin halving, there is no doubt that an interesting time is upon us. To all those who weathered the brutal bear market, I salute you. Much Love & Good Luck! SPECUALTIVE SETUP, DYOR + DD. What is Hidden Bullish Divergence? A hidden bullish divergence is a setup where the oscillator forms lower lows at the same time that the price is forming higher lows. This setup is frequently seen in situations where the price has been in consolidation or has performed a pullback from an uptrend. What is RSI? The Relative Strength Index, or RSI for short, is one of the most popular technical indicators among the trading community. It belongs to the family of oscillators, or technical tools used to determine overbought or oversold conditions. It’s used to gauge the market sentiment. Developed by J. Welles Wilder, the RSI measures the speed and change of price movements. A popular way of reading RSI values is to look for divergences that occur when a new high or a new low of the price isn’t confirmed by the RSI readings. displays on a vertical range of 0 to 100. Readings close to 0 are viewed as “oversold”, while those closer to 100 are a sign of “overbought” market conditions. Unlike some other momentum indicators, readings can’t go below 0 or higher than 100.
BNC:BLX
by bL1TZZ
2
Microvast DCA opportunity emergingFor NASDAQ:MVST , wait till a day after the quarterly results are out (01 Apr 24). If the price is heading down from that date and the resistance level, then wait until either the RSI is at 30 or the price reaches $0.55. And then start DCA for a long term hold. If after the quarterly results the price starts a flag pattern, see the trend of the RSI and start the DCA if it reaches 30 if the RSI trend is downwards. Otherwise, if the RSI trend is also sideways, begin DCA. If after the quarterly results the price breaks through the resistance then start DCA then. Depending on the candlestick patter might be best to wait 3 days to see if the price falls but then if the pattern and volume is strong then the move might be a large one and best to start DCA immediately.
NASDAQ:MVST
by slip_stream
1
Tilray approaching a swing trade and/or shorting opportunityNASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators mentioned above, scenario 2 and then 3 being the most likely. Trading approach would be to wait until after the quarterly earnings are released and see if: Scenario 1 The price breaks above the resitance range, apply a 3 day filter to ensure it's not a fakeout, and swing trade upwards to approx. $3. Scenario 2 A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum tim eto enter, thus shorting would be a higher risk trade. Scenario 3 Wait until the price reaches the support level since November 2023 (approx. $1.6) and enter a swing trade back up to the resistance range with an exit at approx. $2.5. To reduce risk, enter the swing with a combination of the RSI being at 30 and/or a 3 day filter to reduce the risk of the price breaking down from $1.6 to a new low. Scenario 3.5 Same as scenario 3 but with the support level being around the DMAs and price range where the price movement faced some resistance on it's way up during mid-March 2024. A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum time to enter, thus shorting would be a higher risk trade. NOTE: Those with a risk appetite large enough may use the technical indicators mentioned in the first paragraph as enough of a comfirmation to enter a risky short trade: Entry point: Now ($2.45) Stop Loss: $2.70 Take Profit: $1.60 Risk:Reward ratio: 1:3
NASDAQ:TLRYShort
by slip_stream
5
SMR approaching DCA opprtunityNYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA strategy. Alternatively, if the price rises above $6, after a 3 day filter, begin DCA. If the price starts forming a flag between $5 and $5.80, enter once RSI has reached 30 (for those with a higher risk appetite can just use the RSI as an indicator) or await a range breakout/down to either enter at the $4 or $2 or $6 level as described above with or without a three day filter. The price was seeing exponential growth in the leadup to the latest quarterly earnings report and popped a few days after. However, the price has subsequently fallen back down and now seems to be forming a pattern. It is unknown really what caused the price to jump. And there has not been any significant insider trading on the day (or lead up to the day) where the price recently peaked. The company itself has a healthy balance sheet and debt/equity ratio. It is still in the growth phase as they build somewhat emerging tech (nuclear power is established but their approach to providing customers modular smaller power stations is unique) and a large part of their customer base is still a maturing market (power hungry data centres wanting their own onsite nuclear power source, particularly those now being setup for providing AI). The company's income statement reflects this as net income over the recent years remains negative and is also not showing an upwards trajectory. With this in mind this would be a stock for a long term hold with a DCA investment strategy until, whichever comes first, either a total dollar figure invested is reached or the company becomes long term profitable (i.e. exits the growth phase). With the recent price fluctuations it is crucial to not enter too early as due to the immature nature of the industry and company, the price also has a high likelihood of remaining at a low level for quite some time. However, a DCA entry opportunity is also forming based on one of the 3 of the more likely price trend scenarios described in the chart. Details on these are as follows. Scenarios 1 and 2: Wait to see which way the price begins to move and see if it falls to one of the two support levels identified, make use of the RSI to identify the optimum entry point. If the price falls to $4, add in a 3 day filter to see if the price doesn't fall further and likewise add in a 3 day filter if the price continues to fall from $4 to $2. If the RSI has reached 30, and the 3 day filter has shown that $4 or $2 were a support level begin DCA. If the price continues to fall below 2, halt the DCA to see where the price becomes stable and then restart once the RSI starts trending upwards again. Scenario 3: If the price begins ranging between $5.30 and $5.80, depending on risk appetite, begin DCA once the RSI reaches 30 or starts trending upwards. If the price breaks out above $6, then add in a 3 day filter to ensure the breakout wasn't a false dawn, and start the DCA investment independent of where the RSI is.
NYSE:SMRLong
by slip_stream
OM - SHORT opportunity | RSI Divergence#OM/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing clear RSI divergence pointing towards bearish price trend for the OM/USDT + Also the chart looks like the price has reached double top pattern which is a bearish pattern. + Overall there is a short trade opportunity if we trade carefully. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.3056 Stop Loss: 0.3802 ------------------------------ Target 1: 0.26770 Target 2: 0.24950 Target 3: 0.22281 Target 4: 0.17431 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
Long on GBPUSDThis week, I'm feeling bullish on GBPUSD, and here's why: 1. Weaker Bullish Trend on Daily Chart: Although the bullish trend on the daily chart is weaker, the recent violation of previous resistance suggests potential upward momentum. 2. RSI Divergence on 1-hourly Chart: The presence of RSI Divergence on the 1-hourly chart indicates a possible reversal or continuation of the bullish trend. Given these factors, I'm patiently waiting for a buying opportunity at 1.2730, where I'll enter a long position on GBPUSD. What are your thoughts on GBPUSD this week? Share your trade plans and insights below! Wishing everyone profitable trades ahead! Happy Trading!
Long
by RaynLim
Long on EURJPY with CautionThis week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation of 161.23, which could prompt a reevaluation. 3. Awaiting the market to hit the first target. Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern? Let's continue the discussion!
Long
by RaynLim
Next Nears All-Time High: Key Levels to WatchThe cryptocurrency Next is on the verge of breaking its all-time high (ATH) of $0.41390 on the weekly chart. If the price breaks above this resistance level, it could signal further gains for the token. However, if the price fails to break through this level, it could find support at $0.34618, the next key level is $0.31143. Technical Analysis: Resistance: $0.41390 Support: $0.34618 Relative Strength Index (RSI): 65 Moving Average Convergence Divergence (MACD): Bullish Volume Analysis: The volume of Next has been increasing steadily over the past few weeks, which is a bullish sign. This suggests that there is strong buying pressure behind the token. Price Consolidation: The price is currently in a small consolidation range. However, since the overall trend is bullish, there is a good chance that the price will break out of this range and continue its upward movement. The next support level is at $0.31143. RSI Divergence: There is a bullish divergence between the price and the RSI indicator. The price has made a new high, but the RSI has not. This suggests that the upward momentum is still strong and that the price is likely to continue to rise. Conclusion: The technical indicators for Next are bullish, suggesting that the price could continue to rise in the near future. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Long
by behnoudt
RSI Divergence and Bearish Shark Pattern Combo TradeToday, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly Bearish Shark Pattern at 190.72: - Look for a shorting opportunity as the Bearish Shark Pattern completes at 190.72 on the 1-hourly chart. - Engaging in a short position aligns with the potential bearish sentiment suggested by the RSI Divergence. This combo trade approach involves using higher timeframes for trend analysis (Weekly RSI Divergence) and pinpointing a precise entry with a harmonic pattern on a lower timeframe (1-hourly Bearish Shark). Feel free to share your thoughts and trade plans for GBPJPY in the comments below. For a visual representation, refer to the chart link provided.
Short
by RaynLim
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Short
by kidagaka123
1