The trend is making a double bottom chart pattern, it has developed the divergence on the price pattern.
The pair is making divergence between trend and price pattern, it has also made a perfect double top hence we will place our sell stop at the neckline to take the entry and it is projected that it will at least hit the TP1 as per drawn projection.
The trend was making very good HHs and HL, however, it experienced a divergence in the price patterns and after some time it make a double top. Now, we will execute our order below its neckline with the help of the sell stop order and place the TP1 and TP2 as per the projections.a
There is no trend showing up for this pair hence I have drawn the support and resistance necklines and placed the buy and sell order on the second lines below and above the Support and Resistance respectively.
Last week ETH/USD showed a bullish run, however, it shared divergence at its highest peak, which is a probable correction towards a bearish trend as now it has started making Lower Highs and Lower Lows. So the analysis is done after looking at all the factors which can provide a successful trade.
It is just for assignment purpose, as I was unable to find a non-trending market. It is made on 15 min
Gold remained a commodity in trade from the start of the barter system. Yesterday, it fell from the hilltop to its lowest supporting grounds, where it found a supportive divergence between 1816 and 1808. Now it is expected that it will climb again to the bullish trend.