SOLUSDTHi guys
On the daily time frame, we have two harmonic patterns, both of which show higher targets.
The harmonic butterfly pattern is associated with the positive divergence of the RSI in the daily time frame.
What do you think?
Rsidivergence
ETHUSDTHi guys
On the weekly and daily time frame, we have the variation of the harmonic pattern to form an uptrend.
Provided that the $882.27 range is maintained, we expect a reaction to the $1010 range. We are likely to have an upward trend from this area to the $1630 range.
On the lower time frames, we have signals to form a short uptrend to the $1398 area.
What do you think?
Setting ALERTS in SECONDS!!If you are still in the thoughts of correlation currency, you can see that the NZDUSD and NZDJPY are moving in the exact opposite direction.
Trendline Traders(right), you can see that the candlestick stood still and fail to break and close out of the structure. You might not be comfortable engaging directly on the 4-hourly chart(right) setup and this is when you can take reference on the 1-hourly chart(left) trading setup(left).
We have a retest of support with RSI Divergence.
BTC develop 3 month bearish divergence Hello Birdies,
Long time no see busy in daily life. Hope you guys are printing money.
BTC has developed a 3 month bearish RSI divergence and Price Action is also not looking good.
If the lower RSI boundary break we will see a very sharp crash IMO to somewhere 21k to 21.8k
Safe Haven CurrencyIf you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup.
Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement.
Furthermore, the Bull run on the USDJPY has not ended, so I'm looking for the opportunity to keep buying the USDJPY trade.
Earning both waysTo be successful in trading, you can be a Casanova.
This means you need not be loyal to your trade. You can buy GBPUSD during breakfast and sell it by lunch.
That will be my trade plan for this week.
GBPUSD on the 1-hourly chart(left). I'm waiting to buy on the blue line(1.2202) and short on the right line(1.2277).
On the blue line, I'm waiting for the retest that will almost guarantee an RSI Divergence, and on the red line, it coincides with the 4-hourly chart(right) of a potential Head and Shoulders formation.
Lower Risk, Higher Returns TradeOn the Daily Chart(right), the Bullish Shark Pattern has not completed its final target. The 4-hourly chart(left) allowed us to get involved with the trade at the Key Support Level.
A double bottom with an RSI Divergence would be my cue to engage the trade.
Capturing a SharkCould this be a good call and setup for a buying opportunity on this Bullish Shark Pattern? It has a retest with RSI Divergence.
USD/JPY is forming bullish RSI divergence on 4H chartUSD/JPY is forming bullish RSI divergence with falling wedge on 4H chart
A 533pips of Profit missedA 533pips missed if you had not followed the analysis I've posted since March 6 (related link within this TradingView Post). It has yet to reach its final target.
On a longer-term perspective, the USDJPY is on a Bullish Trend and traders looking to engage the trade to buy can wait for a buying opportunity on the 4-hourly chart.
Some of the ways include a Double Bottom to engage the trade.
GBPUSD resisted at 1.22GBPUSD met resistance at the psychological price action level at 1.2200. Traders looking for a counter-trend trading opportunity could consider and observe how the market reacts at the resistance level at 1.2192 for a shorting opportunity like a Double Top with RSI Divergence.
Failure to hold at that level, traders can wait for the Bearish Shark Pattern completion at 1.2237 for a shorting opportunity.
A Trade that we had not missedBy the look of it, we might have the opportunity to engage in this trade, an alert was set at 1.3684 to wait for a buying opportunity that should happen in an hour or two. If it didn't happen, we might have missed it.
ETHUSDTHello Dear friends
On the daily time frame, the idol pattern is associated with negative RSI divergence. The $1,654 resistance area is very important.
If the upward trend is above the price range of $1,762.46, the possibility of continuation to the area of $1,815 is strengthened. And the view of forming a downward trend will expire.
We would be happy to hear your comments
LKQ - Hidden Divergence - BullishOn the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the resistance of the triangle turns into a support.
See all further details on the chart.
Goodluck!
RSI BULLISH DIVERGENCE ON WEEKLY CHART !!!!Hello to everyone
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. Near the support level RSI Bullish Divergence can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Titan Long (RSI Divergence)This Analysis is just for Educational Purpose......
Titan is showing Positive Divergence.....
Bullish with SL around 2339.90.....
This candle closed will determined everythingThis candle closing price would determine whether I will aggressively engage in this trade.
I need to see a long shadow candlestick pattern formation by our school definition.
Do not that if I decided to engage the trade in the next 3minutes, it means that this trade would be an overnight risk trade.
SGX Nifty Long Nifty 50 showing bullish signs....
Also Bigger Picture trend is positive....
Divergence Positive.....
SL can be Kept near 17640...
Just for Educational Purpose.....
Trendline meetsOn the Daily Chart (right), we have the potential Bullish Flag Pattern forming. If Flag Pattern didn't happen, a retest on the support line at 1.1937 with an RSI Divergence gives traders who are looking for a buying opportunity a push to enter the trade.
On the 4-hourly chart(left), the parallel channel meets at the same price region of the daily chart at 1.1932, which definitely brings me interest in waiting for a retest and waiting for a buying opportunity.
MKRUSDTHello dear friends
Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened.
🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536.
❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire.
We would be happy to hear your comments
BATUSDTPERPHello dear friends
Do you think the position is attractive? Isn't it!?
The analysis is valid if the $0.327 resistance range remains unexploited
We would be happy to hear your comments
How to Trade With Relative Strength Index (RSI) Indicator
Hey traders,
Relative strength index is a classic technical indicator.
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change.
Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tips:
💠First of all, let's start with the settings.
For the input, we will take 7/close.
For the levels, we will take 80/20.
Then about the preconditions:
1️⃣ Firstly, the market must trade in a trend ( bullish or bearish )
with a sequence of lower lows / lower highs ( bearish trend ) or higher highs / higher lows ( bullish trend ).
2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows.
3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead.
➡️ Once all these conditions are met, you spotted RSI Divergence.
A strong counter-trend movement will be expected.
Also, I should say something about a time frame selection.
Personally, I prefer to apply it on a daily time frame, however, I know that scalpers apply divergence on intraday time frames as well.
❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal.
Let me know, traders, what do you want to learn in the next educational post?
A buying and shorting opportunityA buying opportunity and shorting opportunity present on the EURUSD trade, which would you take?
On the higher timeframe(right), there is a buying opportunity base on the Bullish Shark Pattern that is completing at 1.0519. Although the trade is within the Buy Zone(blue box), a retest at 1.0519 with an RSI Divergence is preferred.
On the 4-hourly chart, the Bearish Flag Pattern is on the move. The way I'll trade it is to wait for a retest at 1.0666 with an RSI Divergence.
Both setups are trend trading; which trade would interest you?
