Rsi_divergence
BULLISH DIVERGENCEInteresting bullish divergence on daily tf, that just confirmed the bullish breakout of resistance on higher volume, suggesting a potential 3 R/R .
RSI DivergenceRSI divergence spotted, indicating bullish breakout. Bearish price action and bullish RSI trend confirms breakout. NASDAQ:CLVR
AUD/USD Technical AnalysisPrice is printing a falling wedge which can be a reversal or continuation pattern in this case may be a reversal pattern also looking at the RSI a divergence can be seen which also indicates price can reverse. I will not buy yet but will not sell this pair either in this case.
SLPUSDTHi again
There is a possibility that the price can raise itself up to the yellow area, $0.00414!
1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed!
2) On the other hand, RSI has a positive divergence in the daily time frame!
3) Currently, in the one-hour time frame, the price inside a pattern is a triangle!
Do you think the downward trend line will break upwards!!?!!
I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
Selling CADCHF at the high of last week Firstly let's remember this is a counter trend.
We already have made some progress by shorting EURCHF earlier this morning.
There is a pattern to sell this which is now stuck at the stop loss level.
Selling this with a tight SL.
Will take profit as soon as there is any strength in this pair.
NQ - Bullish divergence on monthlyAfter 6 months of aggressive selling, both the Nasdaq100 and SPX100 are potentially forming bullish divergences on their monthly charts. Whether this will translate into a longer term trend reversal (to the upside) remains to be seen.
However in the near term (likely for the next few weeks), we might see some rebound as market works off the deeply oversold conditions.
p/s bullish divergence is a short term trend reversal (good for the next 2-3 candles) and do not guarantee a longer term trend change.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance
INTU - near term upsideINTU hit the low on 13 May and has not gone any lower since. It has been chopping sideways for almost 2 months and appears to be forming an ascending triangle (odds of breaking up is greater).
On the monthly chart, we are seeing a possible 3rd inside bar this month and also a bullish divergence with the RSI.
A breakup of the ascending triangle at 425 could be early signs of optimism. However, an bounce right now may still be on a short term swing basis only until we see more signs of a sustainable reversal.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
RSI indicator Hi
RSI indicator needs some improvement. such as:
1- add on it auto-selection of bottoms and tops, right you add some improvements to it, it will be easy to give you where are bottoms and where are tops,
2- also gives you if this trend is positive or negative. on the chart or on the indicator.
3- it gives you a signal if it's up or down. rather you select them manually
in this case, the divergence will show you if it is positive or negative.
we have to jump from manually to automatically indicators.
#US30 #US30Futures Ready to Short 15 jam yang lalu
Elliot Wave Technical Analysis: Elliot Wave recounting & update
Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend
CHART ANALYSIS
Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Minute wave” correction Zigzag Pattern and is expected to make a decrease to the 161% Fibo Extension level as a target over the next 1 weeks
Note: to be able to identify "Divergence" whether Bullish or Bearish , you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -
EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.
*Disclaimer: All Trading Plan Ideas are for the study & guide of the Author only,
*For the purpose of buying & selling shares please refer to the representative of "Remiser or Stock Expert Consultant".
*All purchases or sales or even losses on stock & others instrument transactions, are your own responsibility.
Friendly Reminder: Control emotions, Take care of capital & trade discipline
Start with Bismillah & Selawat before trading.
Thank you .
Triple divergence of the daily RSI on USD/JPYThe triple divergence of the daily RSI points to a significant loss of upside momentum and is giving a red warning flag that we may well see the start of a corrective move lower.
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#BTCUSD Updated & Forecast Elliot Wave Technical Analysis: Elliot Wave recounting & update
Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend
CHART ANALYSIS
Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Primary wave” Double combo correction WXY Expanded Flat Pattern and is expected to make a decrease to the 50% Fibo Retracement level as a target over the next 2-4 weeks
Note: to be able to identify "Divergence" whether Bullish or Bearish, you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -
EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.
*Disclaimer: All Trading Plan Ideas are for the study & guide of the Author only,
*For the purpose of buying & selling shares please refer to the representative of "Remiser or Stock Expert Consultant".
*All purchases or sales or even losses on stock & others instrument transactions, are your own responsibility.
Friendly Reminder: Control emotions, Take care of capital & trade discipline
Start with Bismillah & Selawat before trading.
Thank you .