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Rsi_divergence

BTCUSD (D1) -- Failed to close above all-time Daily Closing HighBITTREX:BTCUSD Not saying it can't mount another run at making a new all-time daily closing high above previous level, as well as plenty of time remaining to make a new weekly closing high; but I'll just keep my comment short and sweet in the interest of brevity. Two words: caveat emptor. (1) Price has run very far very fast in a very short amount of time without a healthy consolidation since the breakout from the years-long downtrend around $10k a month or two ago. Not healthy. (2) Price is currently just above the yearly R2 pivot resistance, which is often a reversal zone, though admittedly not 100% of the time. But in my experience probability isn't on your side when buying near the R2 or selling near the S2. Tempt fate too many times and inevitably the law of large numbers and reversion to mean asserts itself with a vengeance. (3) Price briefly got above the all-tie daily closing high, before reversing and closing under it. Fail. (4) A confluence of several trend-based Fib expansion targets sit just above current price. (5) While longer-term momentum remains relatively healthy and strong, at least to my eyes, note the epic RSI divergence failing to make any new highs during the entire recent run up. CONCLUSION: Still patiently awaiting pull-back and consolidation before re-grossing up long position at lower levels. Don't hate, appreciate!
BITTREX:BTCUSDShort
by AlphaBeta
AUDNZD - Inverse Head and Shoulders Pattern At Daily SupportTrading Confluence Price is trading around daily support level An inverse head and shoulders pattern at the daily support level indicates the lack of selling pressure RSI divergence confirms the lack of bearish momentum Trade Forecast At the moment all the trading confluence align at the same support level which comes from the daily chart. If we price break and close above the local structure level marked in the chart, we will consider going long targeting 1.05747 level. Head over to Trade Revenue Pro to Learn More About Trading Forex
Long
by RevenueTrader
Apollo Hospitals @2110 - Target 2400 and stop loss of Rs. 22Apollo Hospitals has approached it's multi year trend line negating covid turbulence from April to July. Historically, for Apollo Hospitals RSI has been a critical indicator suggesting whether to expect the trend line to be a Support or resistance. After the quarterly result blues are over, RSI indicates that stock is ready to approach and cross the multi year trend line if it holds above 2110 on closing basis. Very small stop loss can fetch 300 Rs upside in quick time. Good candidate for call buying also given recent down trend call pricing would be cheap.
NSE:APOLLOHOSPLong
by Pattern_Study
S&P 500 IndexS&P 500 Index Mega phone pattern formation Currently price is around resistance trend line of Megaphone on weekly time frame,, RSI bearish divergence :- Price is making higher high and RSI is making lower high,, Time cycle :- Index is making peaks and lows as regular interval of 36 weekly bars,,, History :- After every bull phase index tends to fall below the low from where the bull move started,, will the history this time,, Before 30 nov index should top out,, and initial down fall of 10 to 15% can be seen as the reversal of trend,,, and slowly should pan out in down ward direction,,,
TVC:SPXShort
by RUDRA007
12
EURUSD Long Trade Setup - Hidden RSI Bullish DivergenceAfter getting stopped out of my long trading position on the EUR/USD which I took as a result of the hidden bullish divergence which I spotted on the pair a couple of hours ago, I'm getting ready to re-enter into the markets with another long trading position due to the fact that the hidden bullish divergence which I identified on the pair is still intact (that is, the setup still hasn't been invalidated). Therefore, I've decided to place a long trade with a 1:2 risk to reward ratio on the EUR/USD currency pair. FX:EURUSD
Long
by FXMindTrix