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Bullish Divergence

CXW Inverse Head and Shoulder + Bullish Divergence!Hey Folks! Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol. I made a nice trade on it last time it dipped and reversed, and I want to bring it to everyone's attention. The overall pattern is shaping up nicely for a big move, a long election season is approaching border security will be a big deal and Core Civic will benefit in form of major government contracts, especially if Trump gets re-elected, even Biden might get pressured to crack down on border security. From the company, I'd like to see a new fundamental catalyst to capitalize on this bullish setup. Happy Trading! OnePath
NYSE:CXW
by OnePath
2
BTC reversal soon??Divergences between price and RSI can often show that a trend is coming to an end and a new one is beginning. In this case we can see that RSI on the 4H timeframe hit the oversold zone, and has been steadily climbing out of it ever since. However, we can see that price has continued making lower lows and lower highs... The price and the oscillator are out of phase and in this case as RSI grows larger but price continues to drop it's a bullish divergence signal and this suggests a trend shift from bearish to bullish. Divergences are not perfect, no indicator is but this can be paired up with other signals for confluence, RSI being at the oversold zone is a good indicator that the bulk of the move is done, especially now that RSI has climbed out of it. The green box is showing a bullish orderblock, all 3 wicks have bounced off this zone and therefor suggests support also. My feeling is that geopolitical worries have shaken the traditional markets and that uncertainty has spilt over into crypto, fundamental influences will effect the charts no matter how good the technical analysis may be. If we weather this storm and the situation doesn't escalate the TA suggests the worst has been and gone.
by ProR35
EGLD Outlook after the Dip. What to expect NOW ?BINANCE:EGLDUSDT EGLDUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. According to Elliott's theory, the double combo waves have ended and it means that the price can increase. Also a bullish Divergence (RD+) on MACD which shows Positive Signs for EGLD. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
1
NOTHING !!KUCOIN:GTAIUSDT The price is in a megaphone, and now the price is on the bottom of Megaphone, and this means that the price can grow to the top of the megaphone. Also bullish divergence increases the chance of this signal. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
by CobraVanguard
Polyplex Corp: Analyzing Wave (5) Projection and SupportTechnical Analysis of Polyplex Corporation Ltd. Elliott Wave Counts and Structure The chart illustrates a possible Elliott Wave count on a weekly time frame, identifying key waves and corrective patterns. Here’s a detailed breakdown: 1. Primary Wave Structure: - The chart shows an unfolding five-wave impulsive structure, with Waves (1) through (4) completed, indicating a bullish phase followed by corrective waves. - Wave (1) is observed in November 2010, and Wave (2) is identified around September 2013. - Wave (3) peaks significantly higher than Wave (1), indicating a strong bullish phase, and completes near April 2022. - Waves 1, 2, 3, 4, and 5 within Wave (3) are clearly marked, showing the internal structure of this impulsive wave. 2. Corrective Waves: - After the peak of Wave (3), the chart illustrates a complex corrective pattern labeled as W-X-Y-X-Z. - This correction appears to end at Wave (4), indicating the start of a new potential impulsive wave (Wave (5)). - The corrective waves show significant price declines, characteristic of Elliott Wave corrections. 3. Current Scenario and Target: - The current price action suggests the initiation of Wave (5). - The target for Wave (5) is projected to be above the high of Wave (3), which is near 2880 INR. - An upward arrow indicates the bullish outlook, projecting the price towards this target level. 4. Invalidation Level: - An invalidation level is marked at 751. If the price falls below this level, the current Elliott Wave count and bullish scenario would be invalidated. - This level acts as a critical support, below which the wave count may need to be re-evaluated. Summary and Considerations - Bullish Outlook: The primary analysis suggests a bullish wave (Wave (5)) is underway, targeting levels above the previous high of 2880. - Key Support: The invalidation level at 751 is crucial for maintaining the bullish scenario. - Risks: As noted in the disclaimer, Elliott Wave Theory involves multiple possibilities and inherent risks. It's important to consider this analysis as one potential scenario. Investors and traders should consult with financial advisors and consider broader market conditions, as well as other technical indicators, before making investment decisions based on this analysis. This analysis provides an educational perspective on using Elliott Wave Theory for Polyplex Corporation Ltd. and highlights the importance of monitoring critical price levels to validate the wave counts. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:POLYPLEXLong
by RK_Chaarts
4
Elliott Wave (3) Awakening: Laxmi Organic Industries Ltd.Laxmi Organic Industries Ltd. has completed wave (1) in blue Intermediate degree on the weekly chart from its inception till the peak in September 2021. Wave (2) has completed at the bottom in June 2024. We are now possibly starting to unfold wave (3) in blue Intermediate degree on the weekly chart, which is generally a strong impulse wave. Wave (3) Characteristics and Strength: - Strong Impulse: Wave (3) is typically the most powerful and extended wave in the Elliott Wave cycle, characterized by strong price movements and high trading volumes. - Fibonacci Extension Target: The ideal target for wave (3) is the 161.8% extension of wave (1). Using the Trend-based Fibonacci Extension tool, this projects a price target near 1000. - Subdivisions: Wave (3) is expected to subdivide into five smaller waves (minor degree), each representing a smaller impulse move within the larger wave. Current Price Action: - Current Price: 265 - Key Levels: - Invalidation Level: 220 (last swing low) - Breakout Confirmation: 277 (a break and close above this level will confirm the start of wave (3)) Technical Indicators: - Bullish Divergence: At the bottom in June 2024, double bullish divergence was observed, signaling potential reversal. - Dow Theory Confirmation: We are waiting for the first higher high and higher low formation to confirm the bullish impulse. This pattern will strengthen the case for wave (3) initiation. Risk-Reward Ratio: - Risk: Very low, with the stop-loss set at the invalidation level of 220. - Reward: Potentially huge, with a target of 1000 or more, aligning with the 161.8% Fibonacci extension of wave (1). - Risk-Reward Ratio: Excellent, considering the low risk and high reward potential. Trading Strategy: - Entry Point: Consider entering a position now while the price is at 265, with a stop-loss at 220. - Confirmation Entry: A more conservative entry can be made once the price breaks and closes above 277. Conclusion: Laxmi Organic Industries Ltd. appears to be in the early stages of wave (3) in blue Intermediate degree. Given the characteristics of wave (3) and the current technical setup, this presents an attractive trading opportunity with a favorable risk-reward ratio. Monitoring the price action for a break above 277 will provide further confirmation of the bullish impulse wave. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:LXCHEMLong
by RK_Chaarts
10
NOTHING !!Hi. BINANCE:NOTUSDT 🔵We have a Bullish Structure here NOTUSDT formed a falling wedge on 2h timeframe🤔 Up we go if we do breakout ,also a bullish Divergence (RD+) on MACD which shows Positive Signs for NOTCOIN. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢Bullish Regular Divergence(+RD) 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!!
Long
by CobraVanguard
3