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Divergence

Middle Road for UCADHere we have USD/CAD on the Daily Chart! Down on the 4Hr Chart, Price is Bouncing-Up off of the Rising Trendline I have on the chart but with each bounce, buyers seem to be losing strength! Zoom out to the Daily Chart, it looks like UCAD is in a bigger scale Consolidation with price right in the Middle Road! My bias on this pair is Bearish given that we are seeing a Slight Divergence in the RSI with our Peaks falling lower and our Dips dropping further pushing a Bearish Narrative. Oil has been on the rise and that also has me siding with CAD seeing as how Canada is the 4th Largest Producer of oil globally and if prices of Oil keep rising, we can expect UCAD to keep moving lower! If we can get a Valid Break and Close of this Rising Trendline, I believe we will see price break down through the Local Support to test the Lower Support Level. Fundamentally this week: USD - CPI (Tue) Retail Sales, Unemployment, Empire State Manu. Index (Thu), PPI (Fri) CAD - Clear
Short
by Novi_Fibonacci
CRV is showing Clear Divergence +1100% Profit Potential--------------------------------------------------------------- Description --------------------------------------------------------------- + The analysis reveals a clear RSI bullish divergence, signaling an imminent reversal in price dynamics. This divergence pattern often precedes a significant uptrend, suggesting that a rebound is on the horizon. Investors keen on technical indicators would find this development particularly noteworthy, as it hints at a shift in market sentiment towards bullishness. + The prospect of a substantial profit of 1100% without the need for leverage underscores the attractiveness of the impending price recovery. Such a potential windfall without leveraging positions speaks volumes about the strength of the anticipated uptrend. It presents an opportunity for traders to capitalize on the market's natural movements without taking on additional risk through leverage, a strategy that aligns with conservative yet profitable trading approaches. + At present, the asset's price finds itself comfortably nestled within a supportive price zone. This zone, historically significant in providing a floor for price movements, serves as a solid foundation for the anticipated bounce-back. Market participants monitoring this zone with keen interest anticipate a swift turnaround, driven by both technical indicators and historical price behavior. This expectation adds weight to the likelihood of a bullish resurgence in the near future. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.3973 - 0.4797 Stop Loss: 0.3696 ------------------------------ Targets 1: 0.7353 Targets 2: 1.1190 Targets 3: 1.5840 Targets 4: 2.1276 Targets 5: 3.1282 Targets 6: 4.6582 Targets 7: 6.7875 ------------------------------ Timeframe: 1W Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
5
🔥 ACH is Heating Up! Catch the Bullish Vibes 📈Yo Crypto Fam! 🤟 Get ready to amp up your crypto game because ACH is on fire right now! 🚀 I've been vibing with the charts and guess what? There's some serious bullish divergence popping off, and it's all kinds of lit. 🌟 What's the Deal with ACH? 🤔 Alchemy Pay, isn't just another crypto token; it's the bridge between fiat and crypto, making digital payments smooth AF. 💸 Whether you're buying your daily coffee ☕ or snagging some cool merch online 🛍️, ACH is all about making those transactions seamless. 1️⃣ Crypto Meets Fiat 🌍: ACH is all about bridging that gap between digital currencies and everyday fiat money. Making crypto spending as easy as buying a latte! 💸 2️⃣ Global Reach 🌎: ACH is expanding like crazy, getting more peeps around the globe to hop on the crypto train. The more, the merrier, right? 3️⃣ Tech That Rocks 🎸: With Alchemy Pay, it's all about smooth, secure transactions. They're bringing the tech that makes spending your crypto as easy as sending a text! 💫 What's the Deal with the Bullish Signs? 🐂 That bullish momentum and divergence? It's like the market's secret handshake, telling us ACH might just be gearing up for a major leap. Keep your eyes peeled 'cause things are about to get lit! 🔍🔥 Stay Tuned for ACH! 📡👟 If you're all about catching the next big wave in crypto, Alchemy Pay is where it's at. With this bullish vibe, who knows how high ACH can go? 🚀🌙 #AlchemyPay #ACH #CryptoVibes #BullishMomentum #NextBigThing 🌐🎯🚀🔥
CRYPTO:ACHUSDLong
by VVVDestroyer
Will SPWR shine in 2024?Hello everyone i want share my idea about SPWR (SunPower Corporation) In 2023 we had pretty bullish stock price actions which i can't tell about SunPower Corporation. How SunPower Corporation work? they have loans for 5-10 years, when they have contracts with low rates and government starting to rise rates their work goes bad and their stock prices falling but when rates are low their work going well and more investor make investment. In my opinion 2024 year will be not great for stock market and the reason is, dollar strong movement start of 2024 and possibility to continue this trend all 2024 year is high. i have idea why i think stock market crash in 2024 which will be linked in this post. If we look at SunPower Corporation with technical we have big divergence at weekly MACD. Trend at chart is bearish in 2023 but oscillator shows it bullish and this is why i think good investment in this stock. If i have reason stock market crash, if i have reason rate cuts and if technically accept it then i will make investment at lowest price which is perfect for now.
SLong
by elmakacho
1
⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.Hi COINEX:BTCUSDT ✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️r espectfully ✌️share if you have a different opinion from me or other analysts). ➡️ Chart is speaking itself. According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves. -So far we are repeating ABC correction cycle Scenario? -Same RSI & MACD Divergence🔻 -Same rejection off the Major Resistance🔻 -The price has now completed wave A and is now creating wave B . The price can go up to 49K to complete wave B. - Resistance Zone(49K-$51k) & Support Zone(39k) -Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ 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
10
Is A Short-Covering Rally in Corn Imminent? There’s no beating around the bush - the fundamentals for corn remain bearish ahead of Thursday’s USDA report. Last month, USDA caught many by surprise revising ‘23 corn yields to record-highs of 177.3 bushels per acre. Since then, corn futures have continuously grinded lower. But, could a short-covering rally be in the offing soon? Per the last CFTC Commitments of Traders report, managed money funds have amassed a net-short position of 280,151 contracts (combined futures & options). That represents the largest net-short position in corn since 2019. While corn has continued making new lows, each of the last 4 contract lows have come in conjunction with less and less conviction - namely bullish divergence on the standard 14-day RSI. Moreover, the volume profile has gradually softened since the January USDA report. Thus, it's possible that all of the bears have already sold. The first step in a short-covering rally is getting bears to stop selling - and a friendly WASDE report on Thursday bares the potential to make that happen. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZCH2024Long
by Blue_Line_Futures
Weekly volume divergence and bearish reaction Here is one of the reasons why I expect the dump. Since this “bull” market started, there have been two trends in volume, and both are downtrends. Which creates a massive divergence with the price. The only volume candle that broke both trends with almost double the volume of the yearly trend at that moment - was bearish. Rejection from reaching 50k. Less and less bullish money is creating the price. FOR A YEAR! And bearish cash is there. Obviously.
INDEX:BTCUSDShort
by RockinHood
US Stocks Record High with Record Retrenchment, What's HappeningIn January alone, Microsoft, Google, Meta, and other tech companies have collectively cut more than 21,000 jobs. Furthermore, last year marked one of the worst periods in recent memory, with approximately 260,000 tech professionals losing their jobs. Normally, we expect to see cost-cutting measures during a contraction stage, as was the case during the Dot-com bust, rather than during a period of growth like today. So, what is currently happening? My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities. Micro E-mini Nasdaq Futures and Options: Minimum fluctuation: 0.25 index points = $1.25 Code: MES Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Short
by konhow
2
UNG ( Natural Gase Futures ETF) Swing trade Short then LONGUNG is shown here on the 15 minute chart with text box comments showing the three trades over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used to generate buy and sell signals in golden and death cross fashion. A dual TF RSI indicator is used to support those signals. As swing trades with typical stop losses these were quite profitable with low risk. As an alternative if a trader has options charting available the same strategy/ method can be applied for significantly higher profit with less capital in each trade.
AMEX:UNG
by AwesomeAvani
2