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Bearish-divergence

GBPJPY Rising wedgeThere is a 70% chance in a rising wedge, to break out to the down side Each box count for 14% of the price from A to B All together its 98% of the price from point A to B the Boxes represent the average Decline in a rising wedge When a sell signe is seen So 1 box is 14% witch is the average decline when the price breaks Before a 20% retracement. Therefore i see the price decline to. 148 - 147 if it breaks the green trend line :) If you take a look on the Blue arrow. in the chart and the RSI you can clearly see a bearish divergence
Short
by Fx-AlphaStrats
Dax Time for some correction? I know its difficult too conclude when a correction is ahead. special i a bull market... I will take the chance :) The chart analysis is Elliott wave. there is; Minor and minute I erased Minuette, because it looked messy on the chart, and difficult to read. We also see a bearish Divergence i marked it with arrows and text, in the chart and the RSI. The Divergence indicate an underlying weakness. bulls may be exhausted at this area. A possible trend direction change.
TVC:DEU40Short
by Fx-AlphaStrats
1
Correction needed, bearish divergences on all time frames.Our weekly Tom Demark sequential count is almost at exhaustion, however BTC is a bullish animal by nature. I am seeing Bearish divergences on multiple indicators, below is the 4 hour MACD and RSI The 1 hour MACD and RSI Our Daily Tom Demark sequential count closes in 2 hours as of this writing, we have daily support levels at 7685 on Bitstamp that we have tested already, I expect a test of this again, if we break it then I expect a further correction down to low 7 thousand. *Note: It is entirely possible we get one more push to an all time high and then have a correction for 1-5 days. Difficulty adjustment happens for ₿itcoin in about 3.8 days, it is a potential that B cash continues its attack ;) on ₿itcoin in this time further driving the price down for a correction. Tread carefully in these markets as ₿itcoin has tons of institutional money flowing into it. $10,000 per BTC is not out of the question by the end of the year, but we are needing a bit of correction at this point.
BITFINEX:BTCUSDShort
by Nick_Core
4
District0x Long Opp-- RSI trading As you can see I've been playing DNT like an absolute fiddle. I see this as a great long opportunity because I still consider DNT undervalued in terms of market cap, and think it has a lot of room for growth. Since its initial pump, it's been staying faithfully within the ascending channel while drawing down between fib levels of resistance. I definitely see DNT remaining in this upward channel for at least until it recoups the initial losses to the ATH, then I will revise this idea accordingly. Not much opportunity to backtest the RSI settings on this one, it's only been on the exchange a week or two. However, I'm looking at the hourly chart with 18 periods in the RSI and as you can see the negative divergence highlighted in red signaled the end of the run. I'm using 24 periods in the STOCH RSI to include a larger time frame, smooth the indicator a bit and provide fewer false signals by accounting for more of the macro trend. When a divergence appears here, it will be more reliable than on the other RSI indicator. Watch for any breaks below the long term trend line in green.
Long
by gagevalentino
BTC Correction Signal: UpdateGODMODE script and LSMA showing heavy sell pressure on 30M and 4H. Volume is finally starting to slow down as more sellers enter the market. The BLACK and WHITE background is from a custom DMI script I wrote, where BLACK indicates stronger selling pressure and WHITE indicates stronger buying pressure. This could be the beginning of an overall divergence from this insane BULL run we are witnessing. Keep your eyes peeled and watch the order books for WHALES putting pressure on both sides.
BITFINEX:BTCUSDShort
by jwilcharts
RECOUNT - CORRECTIVE STRUCTURE LOOKS READY NOW!Hi All, Last week, I posted a EUR correction that I thought has started but sure enough, market always seems to push up more than anticipated. However I still firmly believe the count is still very valid as we have been extremely bullish since the 10th of April since we hit a price of 1.15690 and a retracement is due so I am on the hunt to re-enter a big short that is likely to provide about 500+ pips. Wave count updated: Just to be pedantic, I went into all sub-waves and cross checked out all fibs and extensions and all signs are pointing for a USD short for the coming weeks - please see the summary below. Wave 1: Standard 5 wave impulse Wave 2: ZZ correction which retraced 61.8% of wave 1 Wave 3: This impulse extended 423% of wave 1 which is a massive extension - sub wave impulse of 3 are also marked out with fibs met. Wave 4: Flat correction which retraced 23.8% - (EW rule of alternation sufficed) Wave 5: Final 5 impulse completed at the announcement of NFP last week. A few points to note to mark the completion of this impulse as follows; 1. Bear Divergence seen in all timeframes from 1D down to 1min - A short/retracement is due. 2. Wave 1 vs Wave 5 - Wave 5 extended 1.618% of Wave 1 which 5th waves tend to extend to. 3. GAP is yet to close which serves as a major support, and is bang on 78.6% retracement level where I am expecting the ABC to terminate. Feel free to ask any questions/comment if anything is unclear. Exciting times ahead all and I can't wait to see what the following week(s) brings... Cheers, Don
Short
by donaldsaw
11
Bank Of America Heading Down To Test SupportOn April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4748. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly trending down, but not clear if a volatile price swing is on the horizon. The true strength index (TSI) is currently -8.0671. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down. The negative vortex indicator (VI) is at 1.1688. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down. The stochastic oscillator K value is 61.4618 and D value is 58.2159. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the K and D is quickly shrinking and could also head down in line with all of the other technical indicators. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 7 trading days. There are many trendlines in play, but it is inconclusive which one will take hold next. Previous resistance around 22.20 has recently become new support and could be a viable level to be revisited.
NYSE:BACShort
by StockSignaler