DXY is falling!It looks like the Bearish Divergence is playing out on the DXY. I can also see the Bump & Run pattern play out. This push the DXY down with 6%.
Bearishdivergence
US100 Bearish Divergence I am looking for a test of the close support thats seen in the previous days session, Trade will trigger if the next candle breaks under the previous candle. Looking at the 5 minute there is tremendous bearish divergence. Stop at the highs.
EURJPY Sell IdeaD1 - Bearish convergence.
Expecting further continuation lower after pullbacks.
H4 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my view remains bearish here.
Oil Short Term Sell IdeaH4 - Lower lows.
Price which is moving higher has reached a strong resistance zone and is bouncing lower.
Bearish hidden divergence.
H1 - Bearish convergence.
Until the strong resistance zone holds my short term view remains bearish here.
BTC Long Term And Short Term AnalysisBTC LONG TERM - The bullish divergence looks like it's playing out on the 1D and close above the 21 EMA yesterday which means it could go and test the 55 ema at 25000, so I don't think this bounce is over just yet.
BTC SHORT TERM - On the 1H it looks like it wants to put in a temporary top and pull back a little bit. There is a tiny bit of bearish divergence too, so that could lead to a little pull back on the shorter time frames.
BTC OVERALL - I can see BTC having a pull back today and carry on it's bounce later on today or going into the weekend.
Let me know your thoughts in the comments and like my idea!!
EURNZD - Looking To Sell PullbacksD1 - Price respected a strong resistance zone and is bouncing lower.
Bearish divergence.
Most recent uptrend line breakout.
H4 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
DXY - Weekly bearish divergence! + Elliott Wave + PIN BAR!- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement.
- On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )!
- If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish signal.
- We don't really know how deep the retracement will be, but we can go back down to the acceleration point + 0.618 FIB.
- MACD histogram is going down and loosing momentum, which is a sign of weakness.
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
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Tether Dominance - Bearish Divergence Current Market Cap - 6.3 Billion
Tether dominance has risen over %284 ever since the market peaked back in November last year.
However, it is starting to show weakness after it made a higher high while RSI made a lower low.
The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency
We could potentially see a similar move.
The orange line below, represents the total crypto market cap.
What is Tether Dominance?
Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance.
The first is that investors put cash on the market from the outside, which is due to the unfavourable weather in the market.
And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT.
In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
CADJPY Short Term Bearish IdeaD1 - Bearish divergence.
Currently it looks like a potential double wave correction is happening.
H4 - Bearish divergence.
Until the strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this short term bearish view.
EURJPY Short Term Sell IdeaH4 - Price respected a key resistance zone and bounced lower.
Bearish divergence.
Expecting short term bearish moves to happen here.
H1 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the key resistance zone holds I expect the price to move lower further after pullbacks.
CADCHF SELLPrice has made a double top at the monthly resistance with bearish divergence on RSI.
We can expect a drop towards the monthly support with the initial target at the pivot highlighted on the chart.
Huge bearish divergence on NATGASI am keeping my shorts and will add to shorts if we get above 9.8$
The chart says it all, negative divergence shows it is just the retail traders who are bullish and chasing. The big guys will dump their gas on the retail and its gonna stink so bad
CHFJPY Short Term Sell Idea After Bearish Trend PatternD1 - Price has reached a key resistance zone.
Bearish divergence.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
GBPUSD Short Term Sell IdeaH4 - Price has reached a key resistance zone.
Bearish divergence.
If we get a valid breakout below the low at 1.24747 we may then consider it as a validation for this short term bearish view and may expect the price to move lower further.
GBPUSD Bearish Divergence4H Inverse Head & Shoulder
4H Bearish Divergence
1H Bearish engulfing is about to close 10 pm est. (Start of drop/pullback)
Expecting drop to 4h 50 EMA where previous support was or possibly a lil further.
Expecting one of the 2 levels to hold as support before continuing inverse head and shoulder pattern to upside.
BDMS | Bearish Divergence - Ending Diagonal Limited UpsidePrice action and chart pattern trading
> A Rising Elliott channel pattern with bearish divergence indicating limited upside for ending diagonal
> Minor wave 5 estimated at 1.618 retracement of wave 4 | 28.00 - 29.00 baht zone
> Take profit at the upper resistance zone
Always trade with affordable risk and respect your stoploss
GBPNZD Sell IdeaD1 - Price is bouncing lower from a strong resistance zone.
Bearish hidden divergence followed by continuing bearish divergence.
H1 - Bearish trend pattern.
Lower lows.
Until the two strong resistance zones hold my view remains bearish here.
GBPUSD 1H Double Top1H Double Top
1H Bearish Divergence
1H Consolidation
Expecting price to return to support area 1.23600.
BTCUSDT Key level to SHORTBearish divergence on 15M Ehlers Stochastic CG. Supply. Overbought. Right shoulder to accomplish. Head and shoulder pattern in formation. Peak of a bearish flag.
USDCHF Short Term Sell IdeaH4 - Price is bouncing lower from the psychological level 1.
Bearish divergence.
Expecting short term bearish moves to happen here.
H1 - Bearish convergence.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
Until the strong resistance zone holds my short term view remains bearish here.
Potential Head and Shoulders Forming at PCZ of Bearish ButterflyWe made a high and a higher high then formed bearish divergence and are now potentially making a new lower high at what is the PCZ of a very promising Bearish Butterfly
USDDKK at PCZ of Bearish AB=CD with RSI Bearish DivergenceThis could be a Double Top of sorts that would atleast take us down to the Neckline at C
AUDJPY TECHNICAL ANALYSISAudjpy has experienced strong bullish momentum for the past few months and has hit highs last seen in 2015.
Price recently bounced off the monthly resistance, it's overbought on the weekly timeframe with bearish divergence on the daily timeframe, all these indicating a strong pullback may happen in May.
Based on the Fibonacci retracement tool, the first target is the 38.2 level at 88.270.
