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Macddivergence

Key Levels With MACD Divergence For SPX500 19/03/19On the 15 minutes chart of SPX500, we can see very clearly the divergence between MACD and the price records, the divergence on MACD indicator is not a signal for me to sell, it just tells me that the uptrend we can see on the 15 minutes chart is powerless, there are 2 options I'm waiting for to sell. 1 - if the price will breakout the support below I'll look for price action setup to sell, 2 - Sell at 2870.00 on the first touch, it's a great supply that we can see on the daily chart. In both cases, the demand below will be the first target and the final target is 2400.00 zones.
SP:SPXShort
by the5erstrading
Do you want long trade or short ?Well as you can see in the W1 Timeline, in the past week; FX:EURUSD rallies the price significantly and reached above 1.1300 Level and probably tries to touch and retest EMA 20, and for those who long trade fans; there is long position opportunity but need very small lot size because of probably volatility risk. In other hand MACD give us a signal of divergence in H1 also a double top pattern that means there may short opportunity, but for me it's not a good idea to open short position when the main trend is bullish. by the way if price brokes 1.1300 level and fix below i will go short with 1:4 risk/reward and probably catch 100 pips. In case price brokes 1.1350 resistance zone, i consider to long position with good feelings, because as i mentioned before, in the W1 Timeline we are below the average price of the chart and i think EUR needs to go up till 1.5000 Push Like if you like ;)
by copymyfx
MACD Divergenece With Confirmation Zone On EURUSD 16/03/2019As we can see in the 1-hour chart on EURUSD there is a divergence between the MACD indicator and the price himself, while the price creates high and higher High, the MACD shows high and lower high, this divergence indicates that the buyers of this uptrend getting wick, I'll still wait to see if the price will breakout The confirmation zone which is the support below, if that happens, I'll look for price action setup for sell position.
Short
by the5erstrading
1
REGULAR RHOMBUS AT THE PIVOT LINE OF RECTANGLE RANGE (UPDATE)(This is an update to one published earlier. The rhombus on this chart is bigger than the one drawn on the previous one) The regular rhombus is a powerful reversal pattern taught by my mentor Rodney Ahenkan (Papa Smurf). I tend to look for it at reversal areas, especially at the pivot lines and support/resistance areas of the RECTANGLE STRATEGY (again as taught by Papa Smurf) On NZDCAD , I see it has lined up nicely. There are quite a number of indications for a reversal at where price is currently: 1. Price is at the pivot line of my RECTANGLE (the blue line on the chart). The pivot line is a potential area of reversal. If price fails to break below it, then it would likely return to the top of the RECTANGLE . 2. The formation of the REGULAR RHOMBUS (a reversal pattern) at the PIVOT LINE of the RECTANGLE (a potential reversal area). 3. The PIVOT LINE is being tested for the third time. The previous two times, price was pushed back up. 4. There is a clear MACD DIVERGENCE. All these are powerful technical indications for a possible price reversal. On the FUNDAMENTAL side, there are 3 red-folder news releases for NZD at 1:00 am this morning, to be followed by an RBNZ Press Conference an hour later. I would therefore wait to see what price does AFTER the news releases. If it agrees with my analysis, then we're good to go. If price does break and close above the first triangle, we take 3 trades, one each for TP 1, TP 2, and TP 3.
Long
by Pesokia
1
REGULAR RHOMBUS AT THE PIVOT LINE OF A RECTANGLE RANGEThe regular rhombus is a powerful reversal pattern taught by my mentor Rodney Ahenkan (Papa Smurf). I tend to look for it at reversal areas, especially at the pivot lines and support/resistance areas of the RECTANGLE STRATEGY (again as taught by Papa Smurf) On NZDCAD, I see it has lined up nicely. There are quite a number of indications for a reversal at where price is currently: 1. Price is at the pivot line of my RECTANGLE (the blue line on the chart). The pivot line is a potential area of reversal. If price fails to break below it, then it would likely return to the top of the RECTANGLE. 2. The formation of the REGULAR RHOMBUS (a reversal pattern) at the PIVOT LINE of the RECTANGLE (a potential reversal area). 3. The PIVOT LINE is being tested for the third time. The previous two times, price was pushed back up. 4. There is a clear MACD DIVERGENCE. All these are powerful technical indications for a possible price reversal. On the FUNDAMENTAL side, there are 3 red-folder news releases for NZD at 1:00 am this morning, to be followed by an RBNZ Press Conference an hour later. I would therefore wait to see what price does AFTER the news releases. If it agrees with my analysis, then we're good to go.
Long
by Pesokia
How MacD Plays An Important Role In Divergence?Hey Traders, Here is my idea about divergence by using macd. First thing first, trend never stays in one direction forever. Sometimes it moves up and sometimes it moves down but how do we know that in anytime of near future we are expecting a reversal. In the pic below, we can clearly see that on AUDUSD trend is massively down from arrow area and everyone is looking to sel l this pair. And every time when this down trend pullbacks we get a better price to sell (as if we are getting a higher price to sell) but think for a minute, when everyone is looking to sell and waiting for a pullback to happen so they can join the massive downtrend who will be the buyer? And how long we can sell a currency? Obviously, it can't remain in one direction (sell in this case) forever. Now in the next picture notice one thing when the price starts to fall down we see a LL and LH and we start selling this AUDUSD pair then another LL and LH and another sell then another LL and LH and another sell. Now we all now that we are making a LL and LH so when market is making LL and LH who will be interested in buying? NO ONE... After first 4 big pushes down, notice one thing all trend pushes seem to be weaker than they were initially and pullbacks are coming in deep. When momentum starts to fade out that will be the first sign that market may REVERSE in near future. A healthy trend always have momentum and health in it. If momentum starts to fade out and trend starts to loose its health what happens that those trend pushes starts to become smaller and weaker and pullback starts to come in deep. This is when Macd comes in handy. In the next pic, you will see after being in a downtrend for so long when you get the first sign of trend is now loosing its power (momentum and health) how you can use macd to confirm. This pic shows that when we were making LL and LH, on Macd we were also getting the same thing, but at the very right bottom of the pic we can see that we had LL and LH but on macd , story was totally different, we had HH and HL so this is the 2nd sign of possible trend reversal and this is time when Macd comes in handy on finding the reversal with divergence. So, in order to confirm we just have to go 1 time frame lower which is 4h in this case to see either we have a HH and HL on 1 smaller tf or not. We can see in above pic after ranging for quite long on 4h we finally had a HH and HL and then the buyers started to kick in. After divergence, buyers came in hot.
Education
by TheFalconTraderOfficial
1
ES1!: ABCD completion with negative MACD divergenceThis is a follow-up from my 27th Dec call for a counter-trend rally to the 2,700 region. Right now the ES1! is 59 points away from the target and:- #1 At the 50% retracement level #2 Completed an ABCD from the trough #3 Negative divergence between the MACD and price action. #4 There is a little tiny wedge for which the upside target has been achieved. Being long or buying at these levels simply ignores the fact the Donald has not left any room for negotiation either on Chinese trade or the government shutdown. His goals in both instances are so extreme that anything less would result in a roasting by Fox News while it is impossible for the Chinese or the Democrats to agree to the Donald's more extreme demands. The Dealmaker has boxed himself in and thrown away the keys. In other words, it is time to take money off the table and wait for the next trade.
CME_MINI:ES1!
by WellTrainedMonkey