In a failure Divergence pattern, "RSI" and "SlowStoch" indicators did not keep moving up and broken the previous up trend support lines. It could be a warning to exit the long trade. In a correct Divergency movement, the Price was positively moving to correct direction without broken the support line in "RSI" and "SlowStoch" indicators.
After putting in a bottom in mid-October, T-notes have rallied sharply higher. Patient bulls have been afforded few opportunities to enter the contracts on a pullback, but that may soon change. Pullbacks are a healthy part of any sustained rally, as they allow market participants to take profits from longer held positions, and reallocate capital in the direction...
On 4hr chart divergence is forming. I still think it's an opportunity to buy. RSI on daily chart is 27 - very low. We might be here for a while because of low volatility during Christmas holiday.
EURAUD is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge. Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 1.6520...
From a technical level, the XLE is showing a potential head and shoulders setup on a monthly chart. Combine this with major bearish divergence leaves shorting this basket of stocks as the trade of the year. Any potential good news on the Ukraine/Russia front would be devastating on a fundamental level. Everyone is long energy. Be brave, be bold. AMEX:XLE
This is an analysis of Frontline PLC - a Norwegian oil transportation company, the following is strictly my own personal opinion and does not constitute financial advice. Key numbers: Dividend yield expected 2024 - 17% P/B - 2.03 P/E - 5.41 Market cap 47 178 MNOK (4.5 BUSD) Analyst estimates: Analyst estimate average for FRO is 267.5 NOK which is equivalent to a...
Hi Traders, TSLA is showing: Bearish trend resistance at $255 Bearish Divergence (HIST, MACD, OBV, RSI) If TSLA breaks resistance, targeting $268. Otherwise, looking for a retest of trend support around $230. Happy Trading!
Price is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish...
Divergence in both, RSI and MACD Possible reversal to target tje 0.5 zone of fibbonacci?
The GBPUSD currency pair has established a distinctive double top pattern, coupled with a discernible bearish divergence, as observed on the 1-hour timeframe. This confluence of technical indicators suggests a potential forthcoming downward movement. Our strategy involves initiating a trade position when the neckline of the double top formation is breached to the downside.
The GBPJPY currency pair is currently exhibiting a discernible bearish flag pattern on the 4-hour time frame. Noteworthy in this context is the presence of a bearish divergence, adding an additional layer of significance to the technical analysis. Consequently, our strategy entails initiating a trade position upon the confirmed breakout of the bearish flag,...
In today's monitor, we are waiting for buy stop opportunity as marked on the chart, confluences are bullish divergence & sentiments of retail traders are 92% bullish.
CAD/CHF on 1Day TF showing bullish divergence, retail traders sentiments are 94% for long setup, we can take entry as per marked on the chart.
Is EURNZD getting fueled at strong support level? As the price is been on strong sell side but now it seems like price is getting some bullish momentum after reaching at support level and bullish divergence suggesting the buying pressure is about to start. If the bears took control , the 1st target could be 1.7875 followed by 1.8200. What you guys think of it
Here we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the...
Hello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear...
THIS IS NOT A FINANCIAL ADVICE Conditions: 1.Fibonacci level:✅ 2.Bollinger band:✅ 3.Momentum:✅ 4.Price action:✅ 5.Volume:✅ 6.1h tf:✅ 7.4h tf:✅ 8.1d tf:✅
Things don't look good for Bitcoin in Daily time frame. I am waiting for reversal in the next days. We have multiple bearish signals. 1) Double top 2) Rising wedge 3) Bearish divergence in RSI 4) Trading Volume is dropping Targeting price : 1st Target: 34000$ (from the rising wedge) 2nd Target : 32000$ (previous Break of structure, so now it's possible...