Time frame Daily
Rsi divergence is seen on daily chart and I have marked the same using arrows. So if nifty breaks the trend line (black line ) then we may see a upside till 14800-15000, 15200
The pattern will get activated only if nifty goes above 14465 and sustains there.
The above idea is my analysis and not a recommendation to buy, sell or hold. I am not...
Long nifty if it sustain above 14925 or getting a breakout of inverted head and shoulders in RSI as same as in nifty, target should be above 15200 and 15250 with a minimal stop of below the previous candles close and could be below to the previous low,
When to trade?
1. Open above 14900 and sustain
2. Breakout in a RSI of the drawn trend line
3. Breakout of...
In recent history, oversold and overbought indicators (marked with arrows) have strongly correlated with changes in price direction. On top of this, bullish divergence (orange lines) adds to a feeling of optimism about ADA's price.
But whatever you do, don't listen to me. I'm just some guy and probably wrong.
Apollo Hospitals has approached it's multi year trend line negating covid turbulence from April to July.
Historically, for Apollo Hospitals RSI has been a critical indicator suggesting whether to expect the trend line to be a Support or resistance.
After the quarterly result blues are over, RSI indicates that stock is ready to approach and cross the multi year...
Recently BTC made a higher high on the chart, touching the upper trendline while the RSI made a lower high indicating a bearish move ahead.
Furthermore BTC drops below supportline of 9500 where it will bounce to lower levels.
Predicting the lowest it will go is impossible so I would set my buy orders starting at 8600 to as low as 7800.
This is the bearish case for S&P500. There is a bullish case which I'll publish later.
The rally since the bottom on 22nd March can be counted up to this point as a double zigzag WXY as shown in this chart.
The second zigzag of this double zigzag has followed the purple pitchfork nicely and has been tagging along its median line, and its C wave can be counted...
Good Entry for a little swing
Biot tripple bottomed and tripple bullish divergence on the RSI.
Trading inside a descending wedge for the last couple of weeks that signals that price action sending the price north is due .
One of crypto's oldest coins acting as a flea on the LTC network. Wide circulation and media exposure and support from Ledger and various online services.
Demand zone is lower at 15 - 20 sat, but DOGE along with most other alts are already heavily oversold because people are emptying their DOGE wallets to exit to BTC while it's still above 10K.
BTC has failed...
Counter Trend and Trend opportunity on OIL
- OIL approaching resistance the 61,8 FiB and Upper Trend Line
- RSI is over bought and we have a big RSI divergence
A pull back is expect back to 60.00 level (Confluence of 38,2 Fib and 61,8 Fib retracements)
Triple hit on trend line, RSI over brought and diversion. Also lines up perfectly with fib at 0.786 level. Great opportunity I would even eat my own shit if this goes long. Don't miss out!
Please comment and let me know your views.
it's been a long time without posting. I've continued doing some analysis on the italian section but i've not had the time to publish my analysis here also. I'll try to publish more on the following weeks.
I'm back with a very interesting analysis on AUDCAD. I'm not used to trade on Friday but i wanted to bring you something because i think it represents...
Only on USD exchanges since USDT exchanges closed at a different price.
Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI.
The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence.
Now we can see that the...