Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H,...
RSI bearish divergence illustrates price exhaustion, bearish reversal.
Strong resistance around 1.3000 psychological level .
Rejected 50 EMA on the daily timeframe.
Consolidation of price since reaching this upper end of the downwards parallel channel.
100 pips target 50 pips stop.
The daily graph is showing something completely different to the weekly, the daily graph is showing that the price may not be able to breakout this triangle on this attempt. This can be seen by the overbought signal that is being seen as the price gets closer and closer to the resistance level of the triangle. I would keep everyone updated on any signals that I am...
I've been watching this and the DXY lately and now the gbp has reached overbought levels via the RSI indicator, i know its not set in stone but its a good indication to start looking for short entry points for the cable. Big important news today could support this further and strengthen the us dollar.
UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI(14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.
This is taken off of the first trade I have made (lined idea below). The first trade was stopped out, however the same principles are in place. There is major resistance around these levels and the pair may be overbought.
For nice high TP:SL or risk reward ratios, I have placed a sell order at 1.29675, with Stop Loss at 1.30075 and Take Profit at 1.24675. This...
Tesla stock has had massive gains in the past years, hence represented by this magnificent Flap Pattern which has been building momentum over the last 5 years.Tesla has officially broken out of the Flag, so its a BUY for now, But I would watch out for the RSI breaking out of the "bearish" motion and is reaching bad territories. Also, how high can this stock go...
Aussie Dollar falls as bond yield drop hints RBA outlook eroding. The Australian Dollar underperformed in overnight trade, falling alongside local front-end bond yields. That speaks to a dovish shift in RBA monetary policy bets, though a standalone catalyst triggering it is not immediately apparent.
Monthly: Spinning top green candle, testing monthly...
this morning i want to share with you this setup i've noticed on this pair.
Price has approached a resistance structure zone on Wednesday, and since then it's failed to create new highs and so it gave me reason to believe this is a good zone to short the market.
In the daily chart we've recently exited an overbought condition and here on the 4hr chart...
GBPUSD Testing the 0.5 fib overbought on the RSI which it has been respecting at 70.0, Recent dollar weakness now gaining back strength so i think we will see a continuation of its downward trend. Entry 1.251 SL 1.2554 TP 1.243
After exuberant buying on copper these last few weeks the bears have finally taken over which is visually shown on this strong shooting star formation. we could potentially see a bearish move back into weekly support.