Rsi_divergence
Is it time to buy Apple stock? No, Wait for the correction!Is it time to buy Apple stock? No! Wait for the correction!
Like other companies in the technology sector, which in recent months have been rising more and more, it's time to turn on the red alert.
For those who own Apple stock, it is recommended to protect the invested capital. Good profit is profit in the pocket.
For those who are not purchased at Apple, wait for the price correction.
The points of attention are the two GAPS left in this last bullish cycle.
Will Eth Continue The Climb?There are a few things to pay attention to on the chart here
- First we notice that price has reached a convergence between a short term down trend and long term up trend, the implication here is that we should expect a break out
- Second we also have a support level that we are retesting here forming a potential double bottom
- Third we notice that the RSI is show us some bullish divergence, we have a double bottom on price but a lower low on the RSI.
- Finally on the MACD we can see that the lines are showing signs of curling up indication that there could be an incoming bullish cross
Over all we see signals that a long here would be a solid trade using the uptrend line as our stop / invalidation level
*** Caution ***
This is a 4 hour chart - these trades are typically going to last 3-5 days so stay on top of it
UPS a bit more patience
What we can see on this $UPS chart Divergence , RSI D1 over 81, Week ~79. One minus is what i see here alot of riangles wich confusing me...
I think everybody holding this stock until Dividend's day (ups and its friday) then weekend and after that sell off.
Everyone is now jumping on a $UPS rocket that is scheduled to fall .
Thanks for reading thats my opinion.
If you not greed or think same push Like button )
NIfty - Triangle BreakoutIn daily timeframe nifty has ascending triangle breakout but major concern is 0.786% fib ratio at 11390, which will act as resistance. If nifty able to sustain above 11390 and close above on daily chart then 11900 can be seen in coming days. Also daily trendline is supporting it very well. ISSUE IS RSI NEGATIVE DIVERGENCCE AND NIFTY PE ABOVE 32...
Be Ready for roller coaster ride in coming days. I am expecting a huge fall between 11600-11900...
EURAUD Changes Direction after breaking EMA 50 on Daily TFEURAUD break the EMA 20 and EMA 50 on daily timeframe.
Then the price retrace to touch EMA 50 but now the direction has changed.
Other confluences are the price touches Line 0.6181 on Fibonacci retracement as well as Demand area on the left.
Wait for confirmation: Engulfing Candles or on Timeframe 15M the three white soldiers candlestick appears
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*Disclaimer: For education purposes only. Take your own risk and do your own analysis. I can change my analysis anytime without information.
RBL Bank Cup and HandleNSE:RBLBANK
Rbl Bank is forming a Cup since march and completed in July while the Handle is still in formation making a Cup and handle pattern to make a bullish breakout in future.
In 1 hour chart its making same combination of positive and bearish divergence with RSI twice signifying a bullish view in coming period.
In 1 hour chart the price is below 50 days Moving average and the long term MA has crossed above the short term MA implies it will fall more to complete the channel i.e.. the support line of handle.
it has successfully touched the 0.786 level of previsious bulish swing i.e.. 162 and will fall till 0.886 level -inverse Fibonacci retracement.
I can be 100% wrong.
Do your own analysis before trade.
Happy Trading.
Escorts good shorting candidateEscorts is on verge to complete its impulse phase of elliot wave, if corrective wave unfolds from current levels we made see retrace ment of around 10-15-20% in counter from current levels,,
best range to go short is around 1140 to 1180 for safe traders
view gets negated above 1221 on closing basis of hourly candle,,
Looking for a sell on facebook- Price way overextended to the upside on the daily timeframe (just like Tesla btw)
- Price retesting top trendline multiple times and rejecting it.
- CLEAR divergence from the RSI in relation to price action
- On a shorter timeframe, it is forming a triangle and let's see where it breaks:
Gold Futures - GC1!
GC1 reached the formation target price of the ascending triangle today
Upward trend still intact
RSI is overbought on the daily and weekly chart
RSI shows a negative divergence on the weekly chart – for a further increase it would be important to cross the downward trendline
In my point of view GC1 climbed to fast in the last days. I’m expecting a break of this current steep increase in the form of a price correction in the next days/weeks
BTC is now on an ascendant channel heading to 9700 The key point is that there was a hidden positive divergence in RSI chart. On July 21st, it was confirmed and the BTC is now on an ascendant channel heading to first the point of 9700 and then more probably increased to 9900 to play completely this divergence.
From here, we will see a pool-back to the level of 9450, if so, we will be on the right channel to increase to the figures mentioned above. if not, the next stop will be 9350 in the bottom f channel.
Thanks