Double top on the dollar yen?The dollar yen seems to have reached the top of the bollinger band channel suggesting that the movement may be running out of momentum whilst topping out against a previous local high. The RSI yet again fails to put in new highs, are we about to catch the top?
We're looking forward to finding out.
Rsi_divergence
NG shows weakness and lost momentum !!NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line.
After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance.
the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher.
A break of the trend line in the next weeks will signal a huge short opportunity as the price may reach the 0.236 Fib line and if it breaks through the 0.382-Fib line as the second potential target.
XAU/USD Gold Next MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Long Time Frame #LTL we have Falling Wedge Pattern and it has Rejected the Bearish Trend from the Lower Trend Line #LTL
If we look in Shorter Time Frame #STF we have 2 Strong Levels for Sell ( 1745 - 1753 ) if it rejects from these Levels then we can Enter in Sell
Another Thing we have is Strong Buying Divergence in #RSI
1753 is a good Level according to Daily Time Frame and Fibonacci Level - 78.60 as well
Why EURO will weaken early next week This pair is in an uptrend, so this trade is a counter trend. However there are some good reasons to take it.
1) There is a nice harmonic pattern in place.
2) All RSI are overbought
3) There is a nice divergence
4) The high of last week is also present.
We are already short on EURAUD. Similar setup for EURNZD.
Good luck!
Boliden: Time to short the Bear Bounce?Here, I am thinking that both Boliden and copper could potentially top out of their bear bounce. And possibly come back below the trendline.
There is a divergence between RSI and other indicators, which suggests that the 4-hour top is becoming more likely.
In addition, the current macroeconomic conditions are worse than usual, and generally speaking, September and October tend not to be optimal months.
MCX:COPPER1!
"N" pattern breakout with a good support in RSI Wonderla holiday can break a strong resistance zone after 4 year by giving breakout of N pattern with good rsi support which make its breakout more strong 💪 soo buy wonderla holidays at 375
Target 382 392 396 404 420
Sl 333
Must buy it !!
Have a profitable portfolio 😊
Wonderla was also a good stock for longterm for our side it has been soon touch the mark of 550-600 for longterm sl will be 259
Cardano Potential Triple Bottom Pattern at $0.40Cardano's (ADA) daily chart highlights the prospects of a potential triple bottom pattern at the $0.40 psychological number. Additionally, a confluence of technical factors supports the bullish case scenario, including the RSI hidden divergence and the 3-months descending triangle.
ADA Triple Bottom
The daily technical picture reveals that ADA has carved out a double bottom at the $0.40 level and is now eyeing a third to complete a triple bottom bullish reversal pattern. Usually, there is symmetry between the 3 consecutive valleys, which means that we can expect the next bottom to materialize 62 days after the second bottom.
This implies that the final bottom can emerge on September 13. While we can't develop an exact date for the bottom, this is a rough approximation.
Descending Triangle
At the same time, ADA is trading inside a descending triangle as each successive bounce from the $0.40 becomes smaller and smaller. As the price compresses inside the descending channel, we can expect the price ranges to shrink as well.
This ultimately will lead to a breakout as prices move from small price ranges to large price ranges.
RSI Hidden Divergence
The hidden bullish divergence develops when the price makes a higher low, while at the same time the RSI oscillator makes a lower low. This is often perceived as a bullish signal.
When we have multiple confluence technical factors lining up, the bullish case scenario becomes much more relevant, and there is a higher chance that the price will work in favor of these signals.
BTCUSDT Possible push till 26700$Hello Traders!!!!
As you can see in the chart Bitcoin is still holding an ascending Trend Line and the price did not managed to break the support of 20700$ in the last correction.
If you look at the RSI you can see a clear bullish divergence, which usually precedes ans strong movement to the upside.
Taking this in to account i think that the price can manage to hit 26700$ before falling more, this will be a pullback of the previous breakout to the downside of the support (now resistance)of 26.7k.
Regards and Happy Trading.
BAC expected to rise towards $37BAC stock price is trading at a major Fibonacci retracement level. Price is in bearish trend making lower lows and lower highs. There is no sign of a reversal yet. The RSI is not making lower lows, producing bullish divergence signals. I believe that the most probable scenario is for BAC stock price to form a bottom and signal a reversal to the upside soon, this expected reversal will eventually push price towards $37. I would certainly NOT be bearish BAC at current levels with current technical conditions. I would be looking entry points for long positions in order to trade the bounce.
Dollar Yen RSI and Stochastic RSI ratingTechnical analysis of movements of the USD/JPY on the daily and 4 hourly timeframes. BlackBull Markets analyses the RSI and Stochastic RSI, which are indicators that can show many features of chart movement.
Disclaimer: Trading is Risky. T&C's apply.
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Chance to sell AUDNZD based on technicalsThe pair has been on an uptrend since last week.
It is now OB on H4, H1, M30, M15.
The pair is showing divergence on H1, M30 and M15. There is also a pattern to sell at the high of last week.
BTC/USDT - 1H - Bullish ReversalBTC/USDT has been in a bearish trend. The price action has bounced off an important Support Zone that seems to have caused a bullish reversal.
The Bullish Bias is based on the following signals:
Price has stopped making LHs and LLs
Double bottom at support with neckline breakout
GMMA: Slow and Fast MA crossover
Falling Resistance breakout with bullish hammers
Bullish divergence on RSI + strength over 50 and not too near overbought levels
OBV convergence with price (uptrend has conviction)
Expecting bulls to be in control and take price towards the Resistance Zone .
FCPO M1, MACD Divergence & RSI IndicatorsHi!
Another back test on M1 TF, observing price actions on candlesticks movement by applying HMA 9,21 & 50 as death and golden crossing and MACD & RSI as the reference on the market directions.
Gud luck!
p/s: no voice, pls ignore the background sound hehe
Follow the trend on EURGBPThis pair has been in a steady decline.
It is oversold on H4 and come up 65 pips to hit the H4 MA.
OB on H1, M30 and M15.
There is weakness on M30 and M15 RSI.
35 pip stop loss for about 70 pips gain.
1:4 Risk to Reward sell of GBPJPYGBPJPY has rebounded strongly from the low of last week.
It has made a high yesterday and is now showing weakness at the current level.
A sell trade here will allow us to challenge the 160 lows.
RSI divergence present and stops just 50 pips above.
Crypto Currencies go to DownTrendWhen you look at TOTAL3 chart, you can see a divergence between RSI and TOTAL3. and another thing is TOTAL3 breaks a short term up-trend line and it looks that it want to goes down and touch long term up-trend line.
CRYPTOCAP:TOTAL3
Bearish RSI DivergenceIt's definitely going down. The first level is at least 0.17. Not financial advice, just saying what I see on the chart :).
Nasdaq will go down to the support areaHello everyone this is my first idea publlishing in Trading view.
so in my opinion Nasdaq will go down to the support area maybe near 12500 acording to the Ichimoku Cloud and support area.
But in a long term .
And the seceond reason is the RSI shows us the high limit area of 70 touched and it must go down technically so let's see what will happen.
Stay safe from liquidity.
Good luck everyone.
Please support me if my posts are usefull for you.
Microsoft LONG breaking a Falling Wedge and resistance!!!!!Breaking of the Falling Wedge confirmed as well as local resistance (red box), the price is directed towards the all-time highs to attack and overcome them.
RSI crossing UP 50% !
MSFT has always been one of the best companies on Wall Street and its capitalization and upward strength is among the top 5 companies in the world.
Go up!
LPI.sa
Important price points for TASI 1214 Shaker Weekly ContinuedShaker TADAWUL:1214 continued to rise after spotted RSI divergence.
Price has crossed resistance points 21.12 and 21.54 and now trying to reach 3rd point at 22.86 which intersects with the lower trend and resistance point at RSI.
In case of breakout the following are potential targets 24.74 channel point and 27.12 point of triangle breakout
supporting points are previous resistance points 21.54 then 21.12
RSI BAMM AUDJPYAs I'm currently back testing this concept, I've decided let this concept go out for spin. The 1.618 level was triggered right on the opening of Asian session before heading bearish as the RSI indicated this pair is overbought. This is potentially one of the ideal scenarios you'll want on the RSI readings. Again it's imperative not to treat this as a holy grail and must have multiple influences to increase the probability that price has reached the turning point.
LLY Shortcounter trend, RSI divergence
Earning: 8/4/2022 Est. 1.72
Short 330
Stop 337
Target 310 280
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Important price points for TASI 1214 Shaker WeeklyTASI TADAWUL:1214 1214 Shaker
After target reached for 1st bearish flag and near 2nd bearish flag a divergence using RSI divergence strategy as shown on previous post.
Updated Logarithmic and Fibonacci Multiples with possible targets are indicated on the chart.
MACD and RSI points are also indicated.
Current price 20.84 is at center point of the horizontal channel.
