The last night pump was very weak and has created a significant bearish divergence. Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520. Keep an eye on the volume or any leading indicators - if the next pump shows another bearish...
Why S&P 500 is Bearish: Technical Analysis: -bearish divergence on monthly RSI -bullish momentum is weakening, shown by DMI, both strength and direction, could be divergence too -Stoch shown with blue on PTS is on highest levels -MACD on highest levels and made a cross -Elliot wave says S&P 500 is in fifth stage, look for bearish Fundamentals: -June: --Grexit...
Four out of five days the price for the Fiber advanced last week, for a total of 250 pips, printing a higher high in a string of consecutive higher highs and higher lows since it came off its low over a month ago. Ever since the FED went data dependent, there is a lot of volatility in this pair around the release of US data items. The bearish sentiment on the...
Look at this price action on Brent. On the daily it is visible that the price is close to the 38.2 Fibonacci retrace and XA=BC. The PRZ (potential reversal zone) could be between 70 and $72, buuuut... look at the 240 min chart. Perfect Rising Wedge with a very interesting divergence on the MACD. And we should add the fact that $70 is actually an 127.2 expansion of...
We can see that there is a double top formation on the 1H chart. In addition the RSI show us a bearish divergence, which means that the market is most likely to go down in the next hours. I am looking for targets at around 1.0380 on a previous resistance level.
1. Primary Trend : Bearish 2. Intermediate : Bearish 3. Bearish Divergence 4. After Bearish Engulfing Waiting to clear 20 support
Bearish divergence on TLT with decreasing volume nearing top, entering BCS 30 jan for sideways distribution phase
Seeing a high test close on Friday below 1.5400 combined with bearish divergence on Stochastic sounds like preparation for price to possibly fall into perhaps a previous support level at ~1.5100. This set up gives a rough 1:1 reward:risk profile if the stop is placed above Friday's high test bar.
Target Level wave C 0.8274 Target Period 30 days Stop Level 0.85 Bearish divergence