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Rsidivergence

APEUSDTHello dear friends On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak. But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern. On lower timeframes, the drawn bearish scenario is very likely. However, if the range of $2.618 is maintained, the possibility of a bullish scenario will also be strengthened. We would be happy to hear your comments
by FiboTech
2
YINN China Leveraged 3x Bull Setting Up Reversal ShortYINN the China Bull EFT has uptrended dramatically of late however it is far extended above its moving averages while the RSI indicator shows decreasing strength as a divergence. Price rise is hitting the resistance of the POC line of the intermediate-term volume profile where sellers will step in and invoke selling pressure in a triple top making the resistance strong. I expect it to drop now and perhaps dramatically,. Inversely the YANG ETF, a bearish leveraged fund will rise. By a Fibonacci analysis, a 15% drop is expected before another inflection. Accordingly, I would set up a stop loss of 3-5% on the short swing trade setup .
AMEX:YINNShort
by AwesomeAvani
Stochastic + RSI + MACD zero cross strategy from backtest on SPYStrategy 1. Stochastic cross at 50 level 2. RSI cross at 50 level 3. MACD cross at 0 level 4. Engulfing Candlestick? 5. Level 2 Tape sentiment balance (Optional) Technical Analysis It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard default settings. Step One: Look at the Stochastic indicator cross at 50 level and a cross over the signal line. This will be the first check and we want the cross to occur at the 50 level. Step Two: Check the RSI and need a cross at 50 level. This is the second confirmation. Step Three: Check the MACD cross and it's best to wait for the cross to happen at the zero line. This has a lower instances from occurring but it helps to avoid fake-outs that MACD is prone to showing. Step Four: Look for an engulfing candlestick pattern in the chart for a final confirmation. Step Five (Optional): If you have access to Level II quotes and the Time&Sales, watch for a momentum into the Ask side for a bullish sentiment or the Bid side for a bearish sentiment. Also you'll need to be familiar with tape reading on the volume and speed for better entry or exit.
AMEX:SPYEducation
by ashpat86
Dow Jones Index Outlook 21 Dec 2022TVC:DJI DJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI. This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today. If the market opens within the range of 32650-33040, then it has a chance of trading in this range for today. However, if the market chooses to gap open above 33040 then it will test at 33163 and 333000 respectively. On the other hand, if the market gap opens below 32650 then it will test at 32470 and 32328 respectively
TVC:DJI
by ChartTrail
EUR/USD Corrective ShortAfter last weeks FED and ECB markets were left adjusting to Powell and Lagarde's comments. FED will have to continue on with rate hikes well into Q2 '23 when they can start a pivot of no hikes, but certainly not making any cuts either. Rates will be held until they feel they have things 'under control'. While Lagarde sounded 'hawkish' it doesn't change high inflation is here to stay and global growth concerns are starting to take headlines, weighing on sentiment. I scalped the range last week but focused on shorts after fibonacci extension target was reached at 1.07350. I took short from 1.07250 closing at the end of the week at 1.06050. This week I took entry short back at that same level, 1.06050 **If SL gets hit, it’s only 10 pips and I’ll hop in on a long scalp into 1.06500 - 1.06800 Market can range with end of year low volume so its best to cut it quick when you know a key level is failing and get in at a better entry. At the end of the day, trade you own levels..but I hope you found to be decent
Short
by Krecioch
2
Murderous Intent on GBPAUDI have a murderous intent on the GBPAUD, it is not because of revenge trade, heck, I don't even have any recent losing trades, and I've been trading for some time so I don't do that, but that is because I spotted something that many traders have missed out. RSI Divergence on both the Daily Chart and 1-hourly chart. To top it up, on the Weekly Chart, the GBPAUD is on the Key Resistance Level. As usual, there are a few ways to engage the trade, but I'm waiting for the candlestick pattern to retest 1.8214 for a shorting opportunity, so that it gives me a better Profit Factor.
Short
by RaynLim
AUDUSD - The Devil's TouchSince the analysis is unchanged, I won't be posting on the daily chart; check the link below and see how nicely the candlestick "respected" The Devil's Finger as it reversed on the trendline once touching it. That is the primary engagement method I will execute in my trade plan. On the lower timeframe trading setup, you can wait for a break and close below 0.6673 for a breakout trading setup; you have to be aware there are a few road bumps along the road(bearish move) 0.6637, 0.6583. etc. If you shift stops to entry too early, your trade will close out without profits.
Short
by RaynLim
1
EURUSD-Weekly Market Analysis-Dec22,Wk3EURUSD is on a Bullish Trend. However, I am waiting for a counter-trend trading approach. I've two ways of engaging the trade. The first way is to wait for candlestick confirmation and take the trade based on the Weekly Chart's Key Resistance Level in combination with a Bearish Crab Patterns trading setup, a more aggressive approach is to wait for a break and close below the trendline on the 4-hourly chart to engage the trade. So let me know if you need the analysis on this.
Short
by RaynLim
2
DASHUSDTHello Dear friends We do not have a signal to continue the increasing trend. On the other hand, in the increasing trends, the resistance ranges have been preserved and the orders have not been fully consumed. On the 4-hour time frame, there is a high probability of issuing a negative RSI divergence, and on the 30-minute time frame, a negative divergence has been issued for us. Currently, the possibility of a reaction to the $47 range is high. Keep in mind that if the uptrend is above the red zone ($50.33), the above view will expire. We would be happy to hear your comments.
Short
by FiboTech
LINKUSDTHello Dear friends In the previous rising trend, the range was completely consumed, but HH it was not formed for us. Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high. Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228. We would be happy to hear your comments
Short
by FiboTech
6
EURUSDIn the higher time frames, we are in a descending channel, and in the monthly and weekly time, the positive divergence of the RSI has been issued to us. There is a possibility of forming an upward trend in the medium term. As a result, we assume that the price trend will come out of the compression from the upper side, provided that the bottom of the downward channel is maintained. This compression is related to daily time. Until our downtrend line is broken to the upside and a breakout consolidation is issued on the daily time frame, the above view is invalid. We would be happy to hear your comments
Long
by FiboTech