Nio Top?I think we are seeing the Nio top, but it is late, so I will post about this tomorrow, but in the meantime, watch out guys.
Bearishdivergence
FVRR- Profit taking timeFVRR has been outperforming many E-commerce stocks since early Sept. While overall E-commerce group is in red since early Sept crash, FVRR has bucked the trend and posted the double digit growth.
I think early signs of waning momentum are clear and it is a good time to scale back on the aggressive momentum strategy and do some profit-taking.
ZM w/ some Bearish Divergence, a Descending Triangle, & SMA TestI'm not an expert by any means, but unless some news comes out supporting the prolonging of "lockdown" or "quarantine" (promoting Working from Home for longer), I see ZM taking a solid dip, if not a dive if a daily candle closes below the 10-SMA. I'm seeing this idea supported in the RSI Bearish Divergence, Descending Triangle forming, and even the MACD indicating a change in momentum with not only the Crossover, but also an inflection point in the signal line beginning to slope downwards rather than upwards.
Again, all it takes is some Breaking News or a NASDAQ rebound to cancel all of this out. But if that doesn't happen early next week, this is what I'm thinking...
Call me crazy (ADA USD)Hey everyone, my old T.A got wiped out right before I posted, so I am going to give you the summary since I need to go to bed. Basically, we can expect ada to be headed down. As you can see from my wave count, we have finished the wave 5 of the wave c of the great wave 5. The Rsi and macd are bearishly diverging, especially the 5 minute rsi, which shows lower highs on every higher high on the price action. Expect a correction to atleast the top of the wave 3. The stop loss is the previous all time high.
Bearish CRAB PatternThe formation of the bearish crab pattern and the divergence on the RSI are good reason for us to take a short opportunity on the USDCHF. The CD leg of the crab pattern is producing a rising wedge pattern, a breakout of the wedge is a good signal to go short.
Bitcoin(BTCUSD) Short Term ForecastD1 - Bearish divergence, uptrend line breakout.
Personally I expect the price to continue lower further in the short term.
H4 - Currently the price is moving inside a consolidation.
Expecting further continuation lower after this consolidation.
Ethereum Short Term ForecastD1 - Bearish divergence. Currently, it looks like a correction is happening.
There are no signs of trend change.
H4 - Price has broken below the most recent uptrend line and is holding below it.
H1 - Bearish trend pattern.
Currently, it looks like a correction is happening.
Until the strong resistance zone holds my short term view remains bearish here.
CADJPY Daily S/R| 200DMA| Bearish PA| Local S/REvening Traders,
Today’s analysis – CADJPY – confirming a bearish divergence and breaking Daily S/R, lower targets probable,
Points to consider,
- Swing high failure
- Daily S/R (resistance)
- Local S/R (support)
- Oscillators divergence
- Bearish Price Action
CADJPY’s recent high was not exceeded, establishing a valid failure swing. This allows us to have a bearish bias on the market.
The Daily S/R is the immediate resistance; price respecting this level will confirm a bearish retest. The 200 DMA is currently supressing price; a break will likely be impulsive into Daily S/R and 21 DMA which is in
confluence.
Local support is the next HTF trade location, testing and holding this area will be critical for the overall trend.
Both oscillators are below 50, this is indicative of weakness in the market thus any rallies are likely to be sold into.
Overall, in my opinion, the current price action is bearish, this allows for a valid short with defined risk. Price action is to be used upon management/ discretion of trade.
Hope this analysis helps!
Thank you for following my work!
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
GBPJPY ForecastD1 - Price reached a key resistance zone formed by the 100% fibonacci expansion levels of the big and small waves, respected it, and is currently moving lower.
Bearish divergence, uptrend line breakout.
H4 - There are no evidences that show the current trend is over yet,
Expecting the price to continue lower further after pullbacks.
4 HOUR BEARISH DIVERGENCE CONFIRMED ~ (one big potential trap)-Yurlo
Please HIT the like button 👍
Last time I got a signal for an indicator was bull div September 4th - 6th, which should of longed (I didn't, that's okay its about how you react and manage your position)
Bearish Divergence confirmed September 15th going into 16th.
If it's accurate we should retest $10600 at least.
My predictions: (of course i can be wrong lol)
2020: we’ll have a macro reset and test weekly & monthly moving average’s below (10k)
2020/2021: bottoms out after economic crash (3k - 6k)
2021-2022: start of bull run to ATH starts after CT says we go to $0
2025: the year digital currencies are welcomed into mass adoption
SHORT - BTC - DAILY RESISTANCEDaily resistance with couple of bearish divergences in multiple time frames;
ENTRY: 10915
TP 1: 10473
TP 2: 10144
TP 3: 9811
SL: 11171
Oil ForecastD1 - Price has reached a strong resistance zone formed by the psychological level 45 and 200 moving averages. Bearish divergence.
Until the strong resistance zone holds we may expect corrections to happen here.
SPY| Bearish PA| Weekly S/R| Bearish Divergence|.618 Fibonacci Evening Traders,
Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider.
- Bearish PA (swing high)
- Valid bearish divergence
- Weekly S/R support
- .618 Confluence (200 DMA&DEMA)
- Increasing volume
SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually marks a temporary top, this allows us to have a bearish bias on the market.
Weekly S/R is the next logical support; price action is likely to have a reaction. Breaking this level will be very bearish. Price will then have a higher probability of testing the .618 Fibonacci in confluence with the 200 DMA&DEMA.
Spy currently has a bearish divergence on the weekly; this is an indication of weakness in the market, thus further downside likely.
There is also increasing volume after absorption, indicating sellers are stepping in pushing current volume node above average.
Overall, in my opinion, the SPY is likely to correct further with weekly S/R immediate target. Any short positions are to be risk defined. Price action is to be used upon management/ discretion of trade.
Hope this analysis helps!
Thank you for following my work!
And remember,
“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
Twitter bearish opportunityHi everyone, it has been a while, but I am starting to get back into trading. I needed some time to just collect my thoughts and look at trading in a new perspective. So here it is
In short: Twitter is looking bearish
Elliottwave analysis: It seems to me that on the longer term we have finished an a,b,c move, meaning we are headed downwards. If it is a wave one of a greater move, which is very well could be, we are looking to move down to the 30$ levels. Although this will not happen immediately, and I believe will take some time.
MACD Analysis: The macd is telling me that we are about to start heading down. On the daily, we can see that there is long term bearish divergence and we have just crossed over on the 12 hour and the daily. In addition to this, we are also starting to see some longer term bearish divergence on the histogram. I would highly, highly recommend a longer term short, since I believe in the next couple of days we will be seeing some positive movements before the drop starts. I wouldn't be suprised to see a retest of the 42 dollar before the drop down.
Pattern analysis: I am unsure if this falls under elliott or pattern analysis, but we seemed to have broken out of a longer term diagonal, meaning that we can expect a fast move below the start of the wave. We are most likely going to retest the lower boundary of the diagonal. I would also recommend that you get out if we end up reaching a new high, since this would imply my technical analysis is wrong.
Overall: I am looking very bearish at twitter. The market seems to be retracing, and I don't think that this stock is an exception. Be careful, manage your risk, and enjoy your day.
xrp short XRP has a downward curve on the 4HR.
There is also a double top, unable to break its resistance that was just previously a support.
There is also a very clear bearish divergence.
i see our target in the 20 cent range.
Bullish Flag or Descending Triangle for BYND?On the RSI there was a noticeable bearish divergence that started in May where I have the red finger pointing sideways, meaning, the price was increasing but the RSI was decreasing, it appears as though the divergence has completed.
On the KST there's potentially a bullish cross happening, I have placed a green finger icon to represent a previous bullish cross, and a question mark to represent where there's one potentially happening now.
AUDJPY ForecastD1 - Price has reached a key resistance zone formed by the 100% (76.988) fibonacci expansion level of the first wave and the 61.8% (78.624) fibonacci expansion level of the second wave. Bearish divergence.
Expecting corrections to happen now.
H1 - Bearish trend pattern.
Expecting the price to continue lower further.
BTCUSDT, 1D | Bearish pennant with bearish divergenceIn the daily time frame we can see a bearish pennant. Also, bearish divergence is appeared in the RSI.
Target could be the 10200. It could be a good support because it is near the EMA-100 and the top price of the June!
Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines.
Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom.
On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
CADJPY, daily tf, bearish divergence at resistanceHello my friends,
I just found an interesting setup to trade right now.
CADJPY formed a bearish divergence exactly below the 81.50-70 resistance.
This is a strong resistance in my opinion and a bearish divergence exactly at this point might push price go down.
Sell CADJPY 81.20
Stop loss 81.95
Take profit 1 @80.40
Take profit 2 @79.70
Disclaimer : I've sold CADJPY from 81.20
Use only 1-2% risk
Good luck
CADCHF, daily tf, sell on break of ascending supportHello my friends,
I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me.
This pair not yet filtered by my screener but i think it will soon come to my sell position screener.
What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle close. The moment that parabolic SAR indicator switch from below to above the price, it will fully confirm to take sell positions. Notice also there is a possibility bearish divergence forming on stochastic.
I posted this in advance to let my fellow friends know it before hand so we will take sell position together when it confirmed. As long as price holding above the support then we will not take sell position yet. Only sell when we got our confirmation.
The trade will look like this when it is active
Sell CADCHF @0.6870
Stop loss @0.6955
Take profit 1 @0.6765
Take profit 2 @0.6670
RR ratio is 1 : 2,35
Use only 1-2% risk
Good luck
EURJPY ForecastD1 - The price has created a double wave to the upside, bearish divergence.
H4 - The price which is moving lower has created a bearish trend pattern.
Currently, it looks like a pullback is happening, expecting further continuation lower after pullbacks.
