Bearish Divergence RSI Gold AnalysisGood day guys! I have been patiently waiting for this setup to activate. However, price action for the past two weeks found a way to rally some more. This has led to the RSI Divergence continue on its path. If you notice the head and shoulder has formed on the 4hr, with he bearish RSI divergence, with the fed saying the end of last week they are wanting to tamper, the retail sales did not do as well, et cetera. There are many reasons to be looking into getting into this position. I do have three positions in 1904.36, 1904.28 & 1901.46). I do believe in trailing your SL into profit to ensure being a risk free trade. Remember, I am not a predictor of markets, for my trading is all about reacting. I just understand the technicals and fundamentals. Warren Buffet once said, "Be fearful when others are greedy and be greedy when others are fearful." Be sure to leave a comment, like and share this for your support. We do appreciate you checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Rsi_divergence
ETH Looking Sneakly Bullish?My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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Analysis:
RSI signaling upward divergence, w/in a bullish triangular formation as eth makes higher lows. Moreover, EMA's are converging, which could show some signs of support or possible further manipulation. Therefore, could see a breakout of micro-triangular formation into a macro formation in which a good entry could be @ re-test of pivot.
How to analyse Divergences using RSI for BTCUSDThis tutorial on RSI Divergences is the second part of a RSI Masterclass series.
We have already discussed how to make use of the basic RSI indicator in our previous masterclass tutorial. We will understand the use of Divergence oscillators in short timeframes for BTCUSD.
A divergence happens when the price of an asset (BTC in this case) moves in the opposite direction to a momentum indicator or oscillator.
It is the opposite of a confirmation signal, which is when the indicator and price are moving in the same direction.
How to use Divergence in trading
A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction.
there is a significant chance of a price retracement
Bullish Divergence
A bullish divergence is the pattern that occurs when the price falls to lower lows, while the technical indicator reaches higher lows.
After a bullish divergence pattern, it is common to see a rapid price increase.
Bearish Divergence
A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs.
There is a likelihood of a rapid decline in price following the divergence
Please note:
One of the most common problems with divergences is ‘false positives’, which is when the divergence occurs but there is no reversal.
The technique does not give a set price point at which to open or close a trade, just an indication of the strength or weakness of the underlying market sentiment.
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- Mudrex
JKS LongDowntrend wedge near breakout
RSI Divergence
WR Crossed -80
Resistance/Support had been confirmed as support
Entry 31.8
Stop 26
Target 52
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
This Is The Bottom On $SE
Spotted a hidden bullish divergence on SE, marked by the purple arrows and H Bull label. On the higher weekly timeframe, price is above the Ichimoku Cloud telling us that it is still on a long term uptrend. On the daily timeframe, price is currently below the cloud, showing temporary downtrend. Looking at the recent 3 Heikin Ashi candlesticks, we can see a reduction in bearish momentum, with looming indecision. In my opinion, this could be the pivot low and price would move higher in the next few days. I'd go long here.
ICPT LongTry to buy historical low
Downtrend Wedge near breakout
RSI Divergence
WR>-80 (my scripts: Williams %R two lines)
Entry 18
Stop 15
Target 28
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Stock2Flow and RSI Dual Divergence / BitcoinHi Community,
I would like to share my analysis with you. It is quite simple, essentially it is a kind of bubble detector. The fundamental analysis combined with the RSI indicator. RSI had started its downside journey long before this plummet has been taken place and there is also a negative divergence between the actual Stock2Flow price and which had been modeled.
Thank you.
TAP bottomed and ready to goIts been a rough ride for tapbtc since its inception, XTP has bled from over 1000 sats to the very bottom at 2 sats.
This is the ideal buy zone for the following reasons:
1) RSI divergence having just broken below for the first time in a long time, every time this has happened it is followed by a pump, note where i point these areas out on the graph.
2) Its literally at the bottom
3) Note the significant uptick in accumulation distribution (bottom graph)
4) You will also notice that volume has also spiked (orange line)
Pretty easy buy and hodl, its at the bottom, i've loaded my bags, have you?
Let me know your thoughts and send me a like/follow if you like this idea!
Happy trading and good luck!
:)
About to hit the $ 733? Watch these signs.Hi Tradingview community! Per our last analysis, we identified the strong divergence on price x RSI, and Tesla is about to confirm our bullish thesis.
We have an inverted head and shoulders in the H chart. If TSLA break the 683.45 it'll most likely reach our target (gap at 733). Tesla is looking good, my dears! Let's watch the 683!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Will MSFT fill its gap? Good risk-reward ratio here!Hello Tradingview community! We have a RSI/price divergence on MSFT. If it breaks the 249.5 the gap at 261 is the next
stop. The risk-reward ratio is very good!
It is sitting right above the support area in the 1D chart too. Good luck!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.