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Bearishdivergence

NZDJPY Short Term Sell Idea Delivered 200 Pips Move!!!In NZDJPY short term sell idea post, I mentioned that "Price is bouncing lower from a key resistance zone on the H4 chart, in addition to this we also had a bearish divergence and lower lows based on the MACD indicator. On the H1 chart, we had a bearish trend pattern so until the key resistance zone holds, my plan here is to sell pullbacks in the short term". The price action followed my analysis and moved as per the plan here. The pullback that I was looking for happened and then the price moved lower further and has delivered 200+ pips move! Note: Currently we have a bullish divergence in play, so if you are still involved in the sells then this is a good place to consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with). Original Idea
Short
by VladimirRibakov
LUNCBUSD: Bearish Shark with RSI Weakness at 50% RetracementLUNC is currently trading between the 88.6% and 1.13% Range of the Pattern Completion Zone and is also at a 50% Retrace from High to Low. At the sametime the MACD and RSI are Bearishly Diverging but what i'm paying the most attention to here is the RSI Trendline that seems to be forming some kind of Bearish Dragon which if it breaks will most likely be the start of a Bearish Retrace to lower levels. I will have two targets here. The first target will be for LUNC to take back Half of the Harmonic and the Second target will be a 100% Recovery of the Harmonic. If we take back 50% i will take 50% off the trade and buy more LUNC with 50% of the profits and if it tak4es back 100% i will close off the remainign half of my shorts and use 50% of that to buy more LUNC.
LShort
by RizeSenpai
22
Can the Madness Continue for CELH?Celsius Holdings has been trading like a meme stock as of late. News of a deal with Pepsico helped fuel the recent surge in stock price. The question I pose is will this bullish momentum in CELH continue despite a slowing global economy? Technicals: There are strong signs of bearish divergences on monthly and weekly timeframes, slightly weaker bearish divergence can be observed on the daily as well. Price action recently surpassed all-time highs around the 110 mark. This could be a head-fake/bull trap, given that price has yet to retest the support of 110. On the other hand, MACD on the monthly, weekly, and daily timeframe are all signaling strong bullish momentum. Volume has been strong in the past couple of months of trading but a large part of that is due to Pepsi entering a 550 million dollar stake in Celsius. Possible cup and handle being formed but also could be a double top of sorts. Technicals for CELH are honestly not the worst, however, the bearish divergence on the RSI should come as a concern to Celsius holders and potential investors. Fundamentals: CELH has a 8.6 billion market cap. Just as some comparisons Lincoln National Corporation is worth around 8.4 billion and BJ's Wholesale Club is worth around 9.8 billion. Celsius has a Trailing P/E of 491 and forward P/E of 303. P/S of 18 and a price to book of 36. Not even Tesla has valuation metrics this inflated. To add to the bearish view, since 05/20/2020 CELH insiders have exclusively sold shares, i.e., 100% of Celsius executives' trades have been sales over the past two-plus years. Dumping a total of 14.6 million shares in that period. Along with this, Revenue growth is decelerating, and gross margins have been slowly declining for several years. As the US heads into an economic slowdown I cannot imagine a scenario where CELH will have meaningful pricing power or any demand inelasticity, as their products are just too new and unproven, and also yet to be adopted by most food and beverage retailers ( yes, I realize the Pepsi involvement will likely help with CELH adoption). CELH is a wildly overvalued company. Macro: Economies across the world are contracting rather quickly. PMI numbers came out earlier this month showing a slowing in business activity in both developed and emerging countries. Europe is facing the possibility of hyperinflation and the ECB is not signaling a stop anytime soon in Monetary tightening. With those headwinds in mind and many more -like a US housing recession- playing out over the next years, it is incredibly hard for me to see continued price appreciation in Celsius Holdings' stock. ' Prediction: In all honesty I have been dead wrong on this stock before. All though it's not my base case, I do think bullish momentum could carry this one up to as much as 145 a share in the short/med term. Although further appreciation is a possibility I really do not see this company performing well over the coming years. Over the coming years CELH should see a revisit of the 19.1-7.21 range before a bottom is in place. As always this is not financial advice. Good Luck!
NASDAQ:CELHShort
by Gooby_Trades
DKS SHORT SETUP for earningsDKS has had increasing prices since the last earnings when it beat the estimates. However, the price is ascending in a rising wedge which may suggest a breakdown. While a breakout is possible it is less probable than a breakdown. The chart has the rising wedge drawn in. The RSI indicator is suggestive of bearish divergence in the past week. This may forecast a reversal in the immediate term i.e. a breakdown. All in all, I will take a put option with an expiration of September 2nd at strike of $105 and watch for a reaction to earnings which ger reported this week. . NYSE:DKS
NYSE:DKSShort
by AwesomeAvani
Bearish breakout of the BTC bear flagA significant bearish breakdown of the parallel channel/bear flag has begun. The triple bearish divergence and decreasing volume is now playing out. As usual, we need patience to see what the follow through price action looks like. Will we see a backtest of the channel as resistance or do we break back into the channel and continue the short term uptrend? I think more likely than not, this is the beginning of the continuation of the larger bear market cycle for BTC and crypto as a whole. Remember too, there is the bullish shark pattern that needs to reach at least $10k to play out completely. No guarantee but it is certainly still in play. We will probably see significant resistance at the old December 2017 cycle top around $19,891 if we dip that far.
BITSTAMP:BTCUSD
by wuliwong
2
BTC, Two Bearish divergence warnings !BTC shows two different scale bearish divergences when it is at major resistance ! It is a clear warning. Mentioned divergences have been shown on the chart. First is major one and second one is minor but both are clear and beautiful. RSI is making a clear divergence with price : Last established lower high and possible next lower high (Connected by a thick red line on the chart) show different trend (Thick green line) on RSI indicator. MACD is also showing a bearish divergence with price in step like recent moves. We have minor higher highs on price chart (Thin green line ) with different trend on MACD ( Thin red line ). Please note possible divergences are important at resistances and as I showed in my latest published BTC idea, Bitcoin is currently fighting with 4 resistances (See related idea for detail ). Is BTC able to break all the resistances and escape from bearish divergences? Many may be optimistic about this but as my exprience says : Cautious is needed in these situations. Good luck everyone.
COINBASE:BTCUSD
by SaeedSajedi
6