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Rsidivergence

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.
NSE:M&MLong
by Jha_Nidhi
3
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
Short
by FiboTech
8
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?
Education
by VasilyTrader
10
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?
Long
by RaynLim
2
BCHUSDTHello Dear friends Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern. To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range. If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened. We would be happy to hear your comments
Long
by FiboTech
BTCUSDTHello my dear friends Looking closer at Bitcoin, the four-hour timeframe We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas. But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario. We would be happy to hear your opinion.
Short
by FiboTech
4
FTMUSDTHello dear friends In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic. If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered. Until the $0.5312 range is fully consumed, we have no intention of forming an uptrend in the medium term. In the four-hour time frame, the RSI indicator has issued a negative divergence compared to the previous price ceiling. We would be happy to hear your comments
Short
by FiboTech
2
Low Risk and High Return TradesOn the right(Daily Chart) is the main highlight of the week. Having the Double-Headed Head and Shoulders trading setup that fulfils my trading filters for Head and Shoulders. That being said to engage a trade-off, the Daily Chart is something I seldom do. I'm looking for a buying opportunity of a lower timeframe, such as the Bullish Gartley Pattern on the intra-day timeframe, the 15-minute chart to engage this trade and extend my target, known as my in-house combo trade, trading management. In this instance, I will have a much lower-risk and insane high-profit potential and the profit factor will be off the chart.
Long
by RaynLim
ADAUSDTHello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we can expect the formation of an increasing trend up to the specified limits. We would be happy to hear your comments
Long
by FiboTech
2