Big Tech Crumble? Microsoft is going to fall in price and here are the reasons why:
Technical Indicators:
I. Knoxville Divergence Trend Line showing bulls have lost control as seen in the circled area where it is no longer following the upward trend
II. Red clouds above most recent candles showing growing bearish strength
III. Visible range shows prime price is 251.81 which is far below currently traded price
Knoxvilledivergence
EURCAD Short, super saiyan overboughtI am short multiple positions already on EURCAD on this rise up, its been brutal but I think its insatiable bloodlust is finally quenched. I would like a .05 retracement here, but I may put a stop and let them run to monthly pivot. will start closing out if it breaks highs.
EU long to 1.10 eventually trade ideaEURUSD Long to 1.10. I believe the USD is finally running out of strength and is due for a correction. How big that correction will be and when remains to be seen. EURUSD just bounced off the bottom trend line, that support coupled with EOW pullbacks which should be starting tomorrow could make for a great correction post-election.
EURUSD Short: 2 Very High Confluency PRZ'sEURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below.
PRZ1 Confluence:
Missed Weekly Pivot
Bearish Crab Completion
Bearish Butterfly Completion
1.5ab=cd
1.618ab=cd
1.786ab=cd
Missed Daily Pivot
0.5XA Retracement
0.5AB Retracement
Bearish Knoxville Divergence Printed
PRZ2 Confluence:
Bearish Crab Completion 1
Bearish Crab Completion 2
0.618AB Retracement
If entry is triggered and target is achieved, I will be looking for bullish opportunities around the deep crab completion level near 1.06
CHFJPY Short - EW Correction to PivotCHFJPY has completed a 5 wave impulse and is due for a correction. Bearish divergence in addition to a trendline break provide indication that the correction has started. Entry at the break and target at the .5 fib above unhit daily pivot provide a nice R/R for a short trade.
CADCHF EW Correction - Long to PivotCADCHF has completed a 5 wave impulse and is due for a correction. Bullish divergence in addition to a TL break indicates the beginning of the correction. Entry at the .382 fib of "A" wave with target at daily pivot/.382 fib provides a high probability long position.
Long SODA on TL Break, Divergence and Daily SupportDaily S/R zone and trendline support are being obeyed which provides a nice R/R opportunity to go long. An hourly TL break in addition to momentum divergence and an oversold RSI provides a nice entry at around 19. Target the minor resistance around the nearest missed weekly pivot with a SL below recent lows.
Long EURGBP on Knoxville Divergence and Bullish BatA potential long opportunity has presented itself in EURGBP after a Bullish Bat pattern has been completed. Bullish Knoxville divergence has also been printed at the completion point, providing another indication of a potential move upward. Targets and details on chart.
Knoxville Divergence:
The presence of significant Momentum (20) divergence while RSI (21) is overextended at any point during the divergence period.