Get started

Rsi_divergence

USDJPY Trend Shift Short Trade SetupOn the 1 hour timeframe USDJPY has shifted from making higher highs and higher lows to barely making any higher highs and now broke the recent swing high.It also found resistance at an important level and made fake higher highs which immediately reversed.The uptrend has ran out of steam and a new downtrend has started.I believe it now a good time to take a short trade and profit from this downtrend as it is still early and at the time of writing this we have a retest at the previous support level that has turned to resistance.There is also a clear RSI divergence emphasising the bearish market.As for stop loss I recommend you set it at around the 141.760 level above the wick of the red candle and for take profit price previously struggled to break a resistance level at around the 140.240 level so this is where I have set my take profit. This is not a financial advice.Always do your own research.
Short
by fayezhazzem
C3.AI: AI = SHORT - wyckoff distribution & bearish divergence1st - Bearish Divergence: RSI & MFI on 1D & 1W chart 2nd - Wyckoff Method: Distribution TR phase C (UTAD TEST) more pronounced in the 4&1H charts. Analysis: There seems to be weakness in the stock, and despite the recent highs and uptick in volume the exhaustion can be seen per the TA presented. BUT REMEMBER, the AI craze is still on going and this could be invalidated in minutes if the whales choose to push the price higher. Targets if you trust the analysis: Its pretty simple, I use fib retracement levels 21% and 38.2% as targets. remember to use risk management and positioning! *THIS IS NOT AN INVESTMENT ADVICE, JUST SHARING MY ANALYSIS AND INTERNAL THOUGHTS TO MYSELF*
NYSE:AIShort
by Isranuell
3
Market to Drop SoonThe overall stock market is expected to drop in the near future. This will either happen Tuesday or Wednesday. The S&P 500 has some historical trends based on the indicators and trends in the indicators. With help from the Elliot Wave analysis we can see that wave 3 has nearly fully formed. But lets look at the indicators and historical trends. If you look at line A where in the past the RSI reached above 70 and only lasted 8 hours until it dropped. At Line B the RSI has just been above 70 for 2 hours. Does this mean we have 6 hours until the next decline? 4-8 hours is a more appropriate time range and that is just a couple of trading days. I have evenly reduced my personal portfolio today to lock in profits and not let my portfolio take the hit when the market drops as I am focused on hyper aggressive growth. When the market drops I will buy back in just in time for my portfolio to continue growing. Comment thoughts below!
SP:SPXShort
by Myantman101
4
THIS IS BHARTI AIRTEL IDEA FOR TRADINGAs we can see stock is trading above 50ema and making hammer candles with good volume. from ATH and rsi divergence stock correct almost 5% And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh. Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable to India. (07-12-2022) The chart mentions a good support level and entry point, so plan accordingly. if you are a value buyer wait for more cuts till S1 and S2. otherwise, you can enter with strict SL which is mentioned on the chart. GOOD STOCK FOR THE LONG RUN ALL THE BEST! indicators HV=14 RSI=52 educational purpose only!
NSE:BHARTIARTLLong
by SHEHBAZ_KHAN
btc going to drop box 12.6k - 9kthe hidden bearish divergence is a signal that there will be a downtrend continuation. daily negative divergence is a confirmation that uptrend is finished. price dropping below the 200ma of weekly is a sign price is moving towards the downside. a close below 23.3k the daily 200ma will confirm price will drop toward the previous low of 15.5k. most likely this 15.5k low will not hold and we will create a new lower low. a new lower low in price and a higher and high in oscillators, be it monthly chart, weekly chart and daily chart. this will give us a signal the start of real bullrun.. key level to note 23,3k 15.5k, 12.6k and 8.9k
BITSTAMP:BTCUSDShort
by Bro-of-Ced-Rich
7
Bitcoin Bears In TroubleHello Traders, As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout. You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend. If we see a weekly close over 18000$ there is high probability for Bitcoin to reach Major Resistance that is the Neckline of the Double Top pattern printed in the All Time High 30000$. This level acts very often as a magnet and there is usually high probability for the price to reach it again. So if we see a weekly close over 18000$ Buy Setup with stop loss at 16800$ and with targets 21000$ 25000$ and 30000$. I you agree with me a boost is much appreciated and If you have questions or you want to share your feedback I will be glad to answer in the comments.
Long
by piccard54
4
HBAR Bottoming HereRSI trending up during the entire falling wedge, it bottomed as the wedge started, and then moved above 30 at its bottom. Wedge broke out, price fell back to weekly support near the same bottom. So, we have bullish divergence b/w RSI and price, a bullish falling wedge that broke out but hasn't risen yet. Price fell back to weekly support a second time, potential double-bottom. Finally, price is moving within its tightest range on the daily in its entire history. Could we see a final strong drop before it moves up? Yes, but it looks good and ready to at least make a move into the first area of resistance, and back into the 200s. I think a larger move is in store, however. Let's see. See my other post on HBAR/USD in the related ideas below. I think HBAR wants to move back into the middle of weekly resistance vs. USD (around 21-31 cents)
Long
by dudebruhwhoa
📊 3 Types Of DivergenceRSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and exaggerated divergences. 📍Regular Divergence: Regular divergence occurs when the price and the RSI indicator move in opposite directions. There are two types of regular divergences: bullish and bearish. 📍Hidden Divergence: Hidden divergence refers to a situation where the price and the RSI move in the same direction, but the RSI signals a potential trend continuation rather than a reversal. 📍Exaggerated Divergence: Exaggerated divergence is a type of divergence where the RSI signal extends beyond the typical overbought or oversold levels. It suggests that the price is showing extreme momentum and could potentially experience a significant reversal. In summary, regular, hidden, and exaggerated divergences in RSI analysis provide traders with valuable insights into potential trend reversals and continuations. By understanding these divergences, traders can make more informed decisions regarding their trading strategies and positions in the market. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
BTCUSD: Needs Breakout Before PumpToday's relief rally to $28,500 needs confirmation on both sides before we can see the broader picture. BTCUSD is currently making lower highs in a distinctive consolidation pattern, with tremendous support at $26,600 and multiple (failed) attempts to create higher highs. Here are some of my observations for both the bulls and the bears and I'll leave it for you guys to discuss in the comments. For the Bears: We need a lower high on the RSI before we can label this as a rejection off the red resistance line. A fall below $26,600 would make this rally a classic head and shoulders pattern, in which the price could potentially fall through the liquidity zone after its parabolic rise earlier this year. For the Bulls: The RSI has consistently been making higher lows since March 10th. This pattern is similar to the higher lows pattern that preceded January's liquidity pump after the FTX fallout, where BTCUSD rapidly rose up to meet the pre-fallout price levels. We would need a strong break through the red resistance line and a higher high to confirm that a macro rally has actually begun. My verdict: if a pump to $29,000 or $30,000 is coming, I don't think it is in today's rally. The RSI has risen too quickly when compared to previous macro rallies, and the red structural resistance hasn't been broken through. Rather, I believe today was an influx of capital because a) the opening on Hong Kong / China to crypto once again and b) the tentative debt ceiling agreement reached by the US Congress. Be sure to keep an eye on the red resistance line, and also the volume profile at about 29K. I will enter long or enter short depending on future price action and confirmation, but for now I am neutral.
INDEX:BTCUSD
by wbburgin
Mastering Oscillators In TradingOscillator indicators are technical analysis tools that show the rate at which a particular asset's price or other aspect is changing. Oscillators help traders identify potential trend reversals, trend continuations, and overbought or oversold conditions. These are general strategies that can apply to most oscillators. We would like to cover these in detail so you can ensure that you are using your oscillators to the fullest of their potential. There are literally thousands of oscillators to choose from on TradingView. All of them probably have a solid use case, but there are a handful of oscillators that have stood the test of time. Those titans of the oscillator category would include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic Oscillator. 1. Trading with Oscillators: Identifying Entry and Exit Points To use oscillators for trading, traders can look for signals to enter or exit trades. For example, a bullish signal could occur when the indicator crosses above its centerline, indicating that the trend is shifting from bearish to bullish. A bearish signal could occur when the indicator crosses below its centerline, indicating that the trend is shifting from bullish to bearish. Depending on if you are currently in a trade or considering a trade these bullish/bearish signals can be used as either an entry or exit signal. Traders can also use the momentum of oscillator indicators to identify overbought or oversold conditions. An asset is considered overbought when the oscillator is above a certain threshold, such as 70. Conversely, an asset is considered oversold when an oscillator is below a certain threshold, such as 30. Traders can use these thresholds to identify potential reversal points. Highly overbought can be power areas to look for entry or exit signals. 2. Oscillator Divergences: Confirming Trend Reversals and Continuations One of the most popular ways oscillators are used is by looking for divergences between the indicator and the price of the asset being analyzed. For example, a bullish divergence could occur when the price of an asset is making lower lows, but the oscillator is making higher lows. This could be an indication that the trend is about to reverse from bearish to bullish. Conversely, a bearish divergence could occur when the price of an asset is making higher highs, Oscillator is making lower highs. This could be an indication that the trend is about to reverse from bullish to bearish. 3. Using Oscillators in Combination with Other Technical Indicators While oscillators can be an incredibly powerful tool on their own, traders can also use them in combination with other technical indicators. For example, traders can use moving averages to confirm oscillator signals. If the oscillator generates a bullish signal and the price of the asset is above its 50-day moving average, it could be a strong indication that the trend is shifting from bearish to bullish. We see a similar use case in a bearish scenario to follow a trend! Traders can also use momentum in combination with other oscillators, such as the relative strength index (RSI) or the Stochastic RSI. These indicators provide additional confirmation of momentum signals and can help traders avoid false signals. This is actually one of our favorites as the Stochastic RSI is a measure of the momentum of the RSI. So their respective signals can complement very well. Putting It All Together Traders can put this knowledge forward to use most oscillators correctly to adjust their trading strategies and adapt to changing market conditions. We also recommend looking at information the creator of an oscillator has put out in regard to how to properly use the indicator. Traders can use these strategies to help modify or change their positions. For example, if the chosen oscillator used for an asset is weakening, it could be an indication that the trend is about to reverse. Traders can adjust their strategies accordingly by taking profit from their long positions or entering short positions. Similarly, if the chosen oscillator for an asset is strengthening, it could be an indication that the trend is about to continue. Traders can adjust their strategies accordingly by adding to their long and short positions or entering new long or short positions. In conclusion, oscillators are an extremely powerful technical analysis tool that can help traders identify potential trend reversals, trend continuations, and overbought or oversold conditions. By using oscillators in combination with other technical indicators and adjusting their trading strategies to adapt to changing market conditions, traders can improve their trading performance and achieve greater success in the markets.
Education
by LeafAlgo
2
XAU/USD Swing Trade PlanHello Guys. Hope you have good times and great trades too! Today i'm going to explain why GOLD will fall to at least 1930 in coming days. First of all as you can see in my chart we see a strong Bearish Divergence Between RSI and price in Daily TF , that i show them with white lines. Next , We can see a Evening Star Pattern in this strong Resistance level(2050 $). After that we pass through 20 and 50 MA 's and according to Pullback to MA50 , I personally predict we can continue downside. as you can see we have a trendline base don the pervious two bottoms. And this Trendline Overlap with MA100(Green line). So i think this is the first Target for the price in the way of going down. For later happenings we should follow chart and see what candles shape in this area. But Don't forget to SET a Good Stoploss in Lower timeframe , if you want to catch this Fish :) Hope you Enjoy my opinion and PLEASE Share me your idea in comments , Let me Learn something from you. THANKS all my friends. Good Luck.
FXOPEN:XAUUSDShort
by TraderAmin-KZ
6
$INSP near completing head & shoulder patternInspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea. Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like. Today is forming a daily shark patter with a pivot buy at $278.10. The follow through would be a breakout above $283, which would confirm the head & shhoulders pattern. I like these odds, I will buy those breakouts if volume is behind the moves. The RSI hasn't touch the oversold zone and has showed 3 bullish divergence within this long base. Let's waitn for the breakout!
NYSE:INSPLong
by dpuleo19
📈Ethereum fake bullish scenario📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the stop-hunt range if the price stays above the 1854 level. Consider the impact of the ADP Employment Change & ISM Services PMI & Fed Interest Rate Decision. 5.25% or even lower can pump Btc and Eth. Please share ideas and leave a comment,1 let me know what's your idea. CrazyS✌
Long
by CrazyS
2
$AMZN - Pennant PatternIn which direction do you guys think this pennant pattern is breaking out to? I'm seeing an RSI bullish divergence freshly created. But I'm also seeing imponent 10 and 50 EMAs right above the price right now. In short, the trend is our friend. That's the overriding principle. However, we also know that every trend eventually bends. In any case, the conclusion to be drawn is that all you have to do with this market is wait and see which direction it wants to take. For it is about to disclose that information. Finally, remember, that direction is meaningless for trading decisions in isolation. We need a target/take profit plan, a stop loss, position size, max ttl equity exposure ... a back tested trading system, confidence and mastery in the execution of such a system. Without these, you're trading blindly. Cheers, Tenacious Tribe - Backtested Trading Strategies & Studies 50% discount on all of our products, in our web, with the following code: MOX Q3C WXRX
NASDAQ:AMZN
by ruben_rodrigues
$F - Descending TriangleThe bears have been able to drive this market downwards at steadily lower up swings. And conversely, the bulls have not been able to drive this market past its previous swing highs since August 2022. Although this chart pattern and price action behavior is suggestive of bearish dominance in this market. Although the price is trading below the key EMAs. The longer time frames and the RSI bullish divergence formed from July to October 2022, does not allow us to jump into conclusions as to how to form our bias. More important perhaps than forming our bias here, is to register how neatly this pattern is being formed, from volatility to the lack of it. To the extent that the price is now trading in a very narrow range. To the extent that a breakout with conviction in either end of the triangle, now, will be a revealing signal of where this market wants to go. Despite the sensation of control that any sort of analysis might lend you, please note that the future is unknown. For this reason, risk management is the real name of the game here. Remember to keep your positions small and dispersed. Cheers, Tenacious Tribe - Backtested Trading Strategies & Studies 50% discount on all of our products, in our website, with the following code: MOX Q3C WXRX
NYSE:F
by ruben_rodrigues
PacWest - Bollinger Bands breakouton 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30 min. Was able to achieve target defined with almost 14% gain. Closed the trade as per candle confirmation (hammer candle formed at the bottom - which gave upward confirmation to closed the trade.
PShort
by Ethical_Bear