GOLD ChartThere is Bullish momentum. But there is Bearish divergence and also have the Trend reversal pattern of Double Top. So, will take Sell entry at Breakdown of the Neckline and Stoploss at Few pips above double top.
Bearishdivergence
USDCAD ChartThere is Bullish Trend but have bearish divergence also reversal pattern of Rising Wedge. So, I am bearish bias in this setup. Wait for the breakdown of last HL i.e. 1.38110. then take sell entry putting SL on 1.39100.
Technical Analysis: EURNZD Bearish ButterflyHello Traders,
Below is my Technical Analysis of EURNZD.
EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.
Cheers and Happy Trading.
USDCAD ChartUSDCAD Chart
There is Bullish trend but we observe bearish divergence, So we open sell trade at the (BOS) i.e break of last HL
NZDCAD ChartThere is Bullish Trend, But RSI forms Bearish Divergence and also there is Bearish Pattern of Double Top. Will Take Short entry at the Break of last HL. Trade Plan According to this Analysis and my Risk Reward.
Dixon Tech., Fake-Breakout in Daily with Bearish DivergencesDixon Technologies, Fake-Breakout with Bearish Divergence in Daily Timeframe, Shows a possible reversal of a Bullish Trend into Bearish Trend with following possible targets
CMP - 12614
T1 - 12000
T2 - 10800
Stop Loss - 12885
#GER30 bearish continuation moveAfter an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias.
Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this timeframe.
These factors together suggest a bearish outlook.
#GBPCAD bearish scenarioBearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend.
Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here.
In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
#AUDNZD bearish move possibilityAs can be seen in the chart, we have bearish divergence in the 4H and daily timeframes, suggesting that the price might have reached the end of its bullish move.
Furthermore, in the 1H timeframe, the price has managed to shift market structure towards bearish by breaking below the previous higher low. Now, the price seems to be completing a pullback to the broken short-term trendline and previous support zone, which now act as resistance.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
GBPNZD - Bearish Breakout + DivergenceTaking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI.
This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes.
Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading into the meeting.
BEARISH Divergence on $BTC - BULL TRAP!CRYPTOCAP:BTC Volume has been crippling while the price has been moving up.
This is a bearish divergence, and signals a Bull Trap.
$50,6 is still the support we need to retest before we reclaim this $60-70k range.
Bitcoin Head and Shoulders dip to $60,500OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown.
This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown.
Given the institutional interest and price manipulation, this could be turned around by market makers, so I won't be entering a short, or exiting my spot positions, until I see confirmation on the daily timeframe.
However, I could also see those who manipulate the markets wanting a lower entry for large amounts of institutional capital - so the price could likely be manipulated either way. What the chart tells us is this is a big bearish signal to be monitored.
There is also a Bearish Divergence on the RSI, which isn't actionable by itself, but does add a layer of confluence.
AVAX/USDT is about to do a Bearish movement!!!Hi.
COINEX:AVAXUSDT
Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the price will soon decline.
✅ Due to the Descending structure of the chart...
- High potential areas are clear in the chart.
- DIVERGENCE ON MACD
- DIVERGENCE ON RSI
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Regular Bearish Divergence on the 4H UNI/USD (Uniswap)**UNI/USD 4H Chart Analysis**
As we examine the 4-hour chart for Uniswap (UNI/USD), a noteworthy pattern emerges, signaling potential trading opportunities. The price trajectory is forming higher highs, a bullish signal under normal circumstances. However, a deeper look with the Commodity Channel Index (CCI) reveals a contrasting picture. The CCI is making lower highs, presenting a classic case of bearish divergence. This divergence suggests weakening momentum despite the rising prices and could foreshadow a possible reversal.
Moreover, UNI's price movement above the weekly pivot point, which stands untouched at $7.432, draws attention. Typically, untouched pivots act as significant levels of either support or resistance. In this context, surpassing this pivot without retest might indicate it as a plausible target for initiating a short position, particularly if other indicators support a downward shift.
Traders should monitor these developments closely, considering the bearish divergence and pivot dynamics, to refine entry and exit strategies in the coming sessions.
AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
GBPCAD - 1D - Head & Shoulder - Bearish PositionIn this chart we have observed a Head & Shoulder pattern on 1 day time frame, Bearish Divergence also spotted which leads to a significant to position to go down from the neckline.
so we placed Entry, tp & SL points accoridingly.
NASDAQ: Potential Bearish Reversal - Short SetupThesis:
Geopolitical uncertainty (war) may trigger risk-off sentiment.
Sideways price action suggests distribution pattern forming.
Bearish divergence on higher timeframes indicates weakening momentum.
ABCD pattern supports a potential reversal from the distribution zone.
Entry:
Short below the distribution support level (yellow rectangle on your chart).
Stop Loss:
Above the distribution resistance level (yellow rectangle on your chart).
Target:
Open to interpretation based on your risk-reward profile, but consider key support levels below.
Risk Management:
Clearly define your risk tolerance and position size before entering the trade.
Notes:
This is a swing trade idea, so a longer time horizon may be required.
Keep an eye on news and economic data releases that could impact market sentiment.
Manage your trade actively and adjust your stops as needed.
AUDJPY - 4H - Double Top - Short PositionIn this chart we have spotted a Double Top Formation, we are waiting for Red Candle to close then we take an entry. Bearish Divergence also spotted. Entry, TP & SL levels are placed accordingly
AUDNZD - 4H - RISING WEDGE - Short PositionIn this chart we have observed a Rising wedge in which price is continuously rising and volumes are started shrinking. In this condition the buyers loose interest in buying on that high price. So as we spotted a Bearish Divergence and it will take a slight dip to the TP we suggested.
Bearish Divergence on the CADCHF 4h ChartBearish Divergence with CCI (Commodity Channel Index)
A bearish divergence occurs when the price is making higher highs (indicating bullish sentiment), but the CCI, which measures the variation of a security's price from its statistical mean, is making lower highs. This discrepancy can signal weakening momentum in the upward price movement, suggesting a potential reversal or pullback.
In this case, this divergence on the 4h chart indicates that despite the price climbing, the momentum behind this rise is fading, hinting at a possible downturn.
MACD (Moving Average Convergence Divergence) Crossing Down
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. A downward cross, where the MACD line crosses below the signal line, is a bearish signal. It suggests that the short-term momentum is slowing down compared to the long-term momentum, reinforcing the bearish sentiment indicated by the
bearish divergence in the CCI.
Price Touching the Upper Bollinger Band
This suggests the market might be in an overbought condition, especially in the context of the bearish divergence with the CCI and the MACD crossing down. When the price hits the upper band, it's common for traders to expect a retracement or reversal, as the market could be seen as stretched too far to the upside.
Price Ranging Above an Untouched Weekly Pivot Point
Pivot points are used to identify potential support and resistance levels. The fact that the price is ranging above the weekly pivot point and hasn't touched it yet indicates that this level could act as a target for the downward movement. Pivot points are often considered floors or ceilings in market price movements, with the price making significant moves upon reaching these points.
Potential Drop to the Weekly Pivot Point at 0.66417
Considering the bearish signals from both the CCI divergence and the MACD crossover, along with the price's current position above an untouched pivot point, the analysis suggests that there's potential for a downward move towards the weekly pivot point at 0.66417. This level could serve as a short-term objective for bears in the market or a reversal point for traders to watch closely.
Summary
This analysis points to a cautious stance for traders, with a bearish outlook in the short term based on the technical indicators that were highlighted. It would be wise to monitor these indicators closely, along with other market factors, to confirm any potential moves before making trading decisions.
Always remember, while technical analysis can provide insights into market movements, it's crucial to consider a wide range of factors, including market news and economic indicators, before trading.
AUDNZD | Hidden Bearish Divergence | Harmonic Bearish Shark The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which also serves as an Order Block (OB). This action confirms the bearish OB and all these indicators collectively suggest a shift in the trend to a downtrend.
In technical analysis, a Harmonic Shark pattern is a specific type of harmonic pattern that signals potential trend reversals. The completion of this pattern at the PRZ indicates an area where traders might anticipate a change in the current price direction.
A hidden bearish divergence occurs when the price forms higher highs, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower highs. This suggests underlying weakness in the upward momentum, potentially leading to a reversal.
The concept of an Order Block (OB) refers to a significant level of support or resistance where institutional traders have previously entered the market. When the price approaches and reacts to this level, it can confirm the strength of the OB.
On the 1-hour time frame, also there is a hidden bearish divergence, and the Previous Day High (PDH) liquidity has been taken. Whenever the PDH is breached, a pullback to the downtrend is often observed. Additionally, the trend line on the 1-hour time frame has been broken, and the price has retested this trend line. According to Dow Theory, these indications suggest a shift in price behavior from forming higher highs (HH) and higher lows (HL) to forming lower highs (LH) and lower lows (LL).
On the daily time frame, the price has tested a strong resistance zone and is rejecting from its peak resistance level bearish OB. Overall, the daily chart appears bearish, indicating a potential trend change. Additionally, there is a trend line liquidity that needs to be breached for the price to move in either direction.
In summary, the combination of the Harmonic Shark Bearish Pattern, hidden bearish divergence, and interaction with a higher time frame to lower time frame strong daily resistance zone (Order Block) suggests a strong indication of a potential shift from an uptrend to a downtrend in the AUDNZD pair. However, it's essential to conduct comprehensive analysis and consider other factors before making trading decisions.
Possible indication of another move downThis could be descending channel forming. BTC need higher high now to avoid bear div on 12hrs SRSI. If not, new lower low is in the cards. This is too many "if" but just keep in mind and be extra careful with long positions since most of alts follow BTC correction.
Good luck traders!
META could fall from ATH SHORTMETA on the weekly chart is at the ATH which is as a consequence at the third upper VWAP line.
The RSI indicator shows the faster line crossing under the slower line. The relative trend
index has topped out. Both represent bearish divergence. META makes its money with
advertising dollars for revenue. There are increasing challengers to split revenues that could
go down if a recession happens. Other headwinds are the federal regulatory blaming META
for issues such as foreign interference in our elections, or child molestors floating on
the platform without adequate protections for minor or collusion in a monopoly with other
high flying targets. I find this to be a good juncture to take a short trade in META on a swing
looking for it to last until the next earnings period.
