Time To Go Down To The Oversold Zones On The RSI: Trend BrokenTRX has just broken trend and looks to want to get to oversold on the RSI, The quickest and easiest way to do that would be for it to dump from here put your stop 1-2ATRs above entry
Bearishdivergence
Disney Head and Shoulders Potential Right Shoulder Puts EntryComcast recently reversed off a bearish signal, perhaps Disney will be next given that they are in the same sector.
AAPL Bearish DivergenceThe price of aapl has been rising this past few weeks, mean while the RSI indicates a descending channel. This shows bearish divergence. If we get a breakout on the channel then this would be bullish but for now it seems bearish.
Gold Short Term Sell IdeaH4 - Triple wave to the upside which ended with a bearish divergence.
Currently it looks like a correction is happening.
After the first leg to the downside, it looks like a flat correction is happening in the form of a range now.
Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the triple cycle.
Walmart May Pullback a Little Due To Litecoin Disappointment After the Litecoin situation there maybe a bit of a pullback in WMT itself due to the amount of hype it got this morning before the news was proven false.
Bearish Bat Visible On The Monthly This one's kinda simple and not much thought goes into the entry just shorting at the PCZ because i want something to short.
Bearish ABCD Pattern Is Nearing CompletionWe are Near a 1.618 Retrace which will be the PCZ of our ABCD Harmonic here and i'm actually not sure if it will be strong enough to actually hit it but if it does that will be a very nice place to catch the reversal.
Bearishly Engulfing The Weekly At Critical Levels: SPX Update #3I have been tracking this channel for awhile and giving occasional updates on the price action within it and i am seeing that we bearishly engulfed the weekly at the top of the channel as bearish divergence continues this may signal that this would be the last week we see any sort of attempt to achieve higher highs for a long time.
Additionally we are at a 1.618 Fib extension so this would be the perfect area to reverse from.
Bearish Divergence Between the 786 and 886 RetraceI think that we should look for a bearish reversal between the 78.6% and 88.6% Retracement and that we will fill 1 or 2 of the gaps below.
Monthly Put Options Play: Monthly Partial-RiseBABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.
Bearish Divergence at a 1.414 Daily Fibonacci ExtensionI would like to see FTT undo all of it's gains it's gotten over the last couple of weeks before thinking of entering a bullish position on this one again.
Bearish Shark May Be Looking To Trap A lot of Bulls.We have a Bearish Shark visible on the Weekly with Bearish Divergence and a Huge Spike in Weekly Volume after an extreme upside Breakout. I never heard of this stock before and i hardly know what they do but just looking at it tells me that there are a lot of bulls betting for more upside up here and that any amount of selling below the breakout zone can easily lead to a very steep decline.
A Bearish 5-0 Could Take AMC Down Below $32 In The Coming Weeks.We have Bearish Divergence at the 50 percent retrace of a Potential Bearish 5-0 here and if this pattern plays out we will likely see AMC attempt to make a new lows below $32
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
BEARISH DIVERGENCE IN BTCUSD DAILYShort trigger = break of channel to the downside
Enter = go to lower time frime 4H-1H to find a good entry point
Exit = 42.000-42.150 $ is the first support, 35.000-35.500 $ (CME gap considered) low probability exit
Stop loss = break line of channel + 1ATR in entry TF
goodluck!
We Held The Line At .35 Now Lets Hold It At .30Bearish Divergence at 30 cents after successfully breaking and reversing the trend a few week ago now we look for potential continuation. This is a late entry and is not as good of an entry as we got a few weeks ago but it's still a valid one.
For further context check out the previous setups on doge in the related tab.
Dusty Road to 44kBearish divergence detected on BTCUSD
4H Ichimoku Cloud Enter Bear Zone below Kumo Cloud
Target 44k
Rising Wedge Breakdown with Bearish Divergence.Gonna be looking for a quick 10-20 percent pullback from here.
Post-Post-Profit Reentry at PCZ of Bearish Shark: Round 3This will be the third bearish trade i'v taken in on XLM and the second bearish trade i have taken in this zone. It's funny how it just keeps coming back and giving us entries at the same price level. Anyways; The stop loss entry and targets remain the same as they were from the first and second trade.
Quickpost BNBUSDT losing momentum after reaching key targetIntroduction
Out of all the top coins since 2017 to right now BNB had one of the best bull runs. Therefore, if it is setting a bull trap I take that that is pretty scary and a bad indicator for the broader market.
Analysis
I consider hidden bearish divergence to be the bulltrap signal and as I look at the charts it is very visible on the RSI. So that gives us continuation to the downside from the peak to peak. Traditional or classic bearish divergence signals the end of a current uptrend and I see that on the MACD histogram. Also, the MACD is on the verge of closing a MACD-Signal line cross. Very bearish when taken into consideration with the divergences.
Good news is the BNBUSDT chart is acting very technically. There was a symmetrical triangle that formed and when it broke it went right to target before stalling and now potentially reversing. Hopefully we can have the same chart clarity moving forward.
Rough Targets
One target would be an ABC correction at the 1.618 looking for an ABC correction
Which is close to the 1 line on this fib channel.
Solana reaches major Fib Channel Target (compare BNBUSD)This is basically a quickpost. The blue anchors show where both BNB and Sol have the fib log channels swing lows and a swing high point to define the fib log channel. Sol just closed at the op of the fib log channel 2 line. That is a very significant long term target after popping up out of a rising wedge. By my estimation most of the profits have already been made by going long. BNBUSD shows how powerful resistance at these levels can be.
There is a lot of clear bearish divergence on the MACD histogram and the volume and gravestone candle spell reversal. Yesterday's candle was already down over 17% from the high. To me that loudly states a lot of profit taking at the 2 line of the fib log channel
And just for the sake of the interested, here is your standard fib retracement. The golden pocket is often referred to the area between the 0.618 and the 0.65 retracement levels but I find that when doing retracements and extensions the 1.618 to 1.65 range works very well for targeting. And here he see it hit perfectly. I don't know what your trading system tells you. But mine says the upside is mostly gone.
Personally, I am not touching Sol in the near future. I have clearer entries on other tokens and coins that I think are closer to trending. In other words, I suspect this will chop around quite a bit. It is still pretty early but I would be watching for something like the chart below to play out. Fractal ABC corrections all over the place that could be played out technically for those interested. Of course, not financial advice and I am not a CMT.
Bearish ABCD PCZ reached With Bearish DivergenceI will target all the way down to C for maximum profit taking though it's a pretty far target so i might settle for 20 percent.
COMPLETE ELLIOT WAVE ANALYSIS OF BITCOIN. ABC CORRECTIONOn this chart, i have identified an ending diagonal structure similar to the ending diagonal we had before the crash to 30k. You can see i have identified 1-2-3-4-5 waves leading up with 64k with wave 5 being an ending diagonal. Following the ending diagonal, there were 5 waves down which leads us to believe that was wave A of and ABC correction. Wave B is usually 3 waves, you can see here i have it marked as ABC, with wave C being the ending diagonal we are currently in. Following this should be 1-2-3-4-5 waves down making up wave C. Wave C is usually a 1:1 extension of wave A atleast but can go down to the 1.618 retracement or beyond. Below i have a passage that i found online exploaining the characteristics of an ABC correction. Have a read of it yourself and see what it supports what i have displayed on the charts.
Wave A, B, and C
Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets
Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative
Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond
You can see on the chart i have here that there was a spike in volume during wave 3 of wave A and then there has been declining volume during the rise of wave B, which matches perfectly with what this passage describes as an ABC correction. During wave 3 of Wave C is when people will realize we are in a bear market and we should get a spike in volume then.
Well that is my complete elliot wave analysis on bitcoin at the moment, i hope you guys enjoyed it.
