First trend line was broken, retested. resistance comes in at 1.4616, which will be the BE level.
Enter as per the chart for a riskier entry, or wait for a retest of the second trend line (which may or may not happen).
Trade is biased to the upside as long as Awesome oscillator continues to turn bullish. A break of the AO's trendline could indicate weakness.
RR...
Break of down trend line with a bullish divergence to oscillator. Long entry on the high as divergence usually surprise with a sudden high or low taking out the stops. Target set to the most likely sr level. Cover to be on 50% of the move.
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it.
Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart)
first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
AUDUSD was in an uptrend since approx the beginning of the year. In May the pair failed to make a new high and since then began a range, which broke the trendline. The new recent high made at the beginning of July looked to restart the trend, but instead signaled bearish divergence, as the the RSI failed to make a new high as well.
I am waiting on a little pull...
To put things in perspective, the Daily chart is showing a descending triangle formation.
If volume comes into play as expected, prices should rally towards the trendline around 131.00.
That would essentially put the bearish Shark pattern in play.
Back in Mid-March, Gold sold off heavily around 133.00/133.50, leaving me all the more confident a retest will, at...
I wouldn't say I'm expecting a minor correction or a major one for that matter anytime soon, but a reading like this on a smaller TF would alert me. I will remain bullish and view a fall in prices as an opportunity to buy. Major support break would change my sentiment.
This kind of very sharp divergence is usually quite a reliable sign of the steam being taken out of a market. Expecting a pullback to maybe the 8200 area. Could be until next week.
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time.
Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
What we have here is a dual lane divergence this is the 60 min chart but there is even a better Lane divergence on the Daily chart this is like spotting a white buffalo very nice and excited to be in this
Price action close on Friday should lead to prices retesting the 13.50s. We have a solid support level along with some bullish momentum divergence. We also saw volume increase as prices faded back to the opening prices of 5-21. Institutions holding this stock would not want to see it break back below 11.00 from here, but you should give yourself room below this...
Descending triangle on the weekly with bearish divergence. Will be watching this closely as I believe USD is gaining in strength against most other currencies, doesn't mean it's impossible to see a break above but overall I'd much rather sell rallies on this pair.
Historically this took some steam off the run, giving a good entry position. Although RSI top is not lower, it is not higher while the stock price took a decent step up on lower volume. Short term small pullback may be in play to the previous resistance
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again.
EURUSD has a very good support at 1.3600/10,...
Friday saw a huge institutional volume spike on a shortened trading day. This came at great support for YOKU and we have very clear bullish momentum divergences on the stochastic and mac-d histogram indicators. Of course, the bullish pin bar that developed due to this strong support bounce is confirmation that this stock is poised to go higher from here.
I would...
No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
