GBPJPY - 1H - DOUBLE TOP - SHORT ENTRYIn this chart we have spotted Double Tops, and we also spotted bearish Divergence in the RS 14.
We are little late in the entry
But we expect we can hit the TP
Bearishdivergence
USOIL - 1H - RISING WEDGE - SHORT ENTRYIn this chart we have seen a series of HH & HL but in the rising wedge formation which means if it breaks the previous HL then it will rally a down trend. We also spotted a bearish Divergence which also support the short entry
NZDCHF - 15M - BEARISH FLAG - SHORT POSITIONIn this chart we have spotted BEARISH DIVERGENCE which is played upto mark and after that we can see a BEARISH FLAG which identify a suitable short target and take an entry & exit points accordingly.
EURGBP - 1H - CUP & HANDLE - LONG POSIITONIn this chart we have spotted cup & handle on 1H time frame and we looking for a long entry with two TP's.
But I have also spotted BEARISH DIVERGENCE which might be sign of Reversal.
So my hopes with LONG POSITION.
MINAUSDT Faces Resistance Hurdle: Breakout or Bearish DivergenceMINAUSDT is encountering a critical resistance level of $1.5484 on the weekly chart. This is the third attempt to break through this level in the daily timeframe.
Technical Analysis:
Resistance: $1.5484 (Weekly)
Support: $1.0113 (Weekly)
Relative Strength Index (RSI): Supported at 50, Bearish Divergence
Key Observations:
MINAUSDT is facing a significant hurdle at a key weekly resistance level. A breakout above this level could signal further upward momentum.
The repeated attempts to break resistance on the daily chart suggest persistent buying pressure.
The RSI is currently at a neutral level (around 50), but there is a potential bearish divergence. This means that the price is making higher highs, but the RSI is not confirming this move by making higher highs itself. This could indicate weakening momentum despite the buying pressure.
If the price cannot overcome resistance, it could find support at $1.0113 on the weekly chart, potentially establishing a trading range between these two levels.
A successful breakout above resistance could lead to further gains towards the next daily resistance level at $2.0344.
Conclusion:
The upcoming price action for MINAUSDT will be crucial. Overcoming the weekly resistance with strong confirmation from the RSI is key for a sustained uptrend. However, the bearish divergence on the RSI suggests a potential for a pullback if the price fails to break through.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Is MRVL overextended ? SHORTMRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%.
The chart however shows the bullish candles are decreasing in range and price is more than
two standard deviations above the mean VWAP and far outside the high volume area of
the volume profile. Bullish volatility fell to close the trading week on Friday afternoon.
My trade plan is to watch MRVL for consolidation and then a retracement of its bullish
move. A cross of the faster green RSI down under the slower red RSI will be the bearish
divergence to be seen to consider MRVL for a short trade.
Magic Stalls at Resistance: Bearish RSI, Potential Retest LoMagic is on the cusp of a critical resistance level at $1.4973. While the price recently established a new high, a potential bearish signal is emerging from the Relative Strength Index (RSI).
Technical Analysis:
Resistance: $1.4973
Support: $1.2646 (Daily: $1.2613, Monthly: $1.0208)
Relative Strength Index (RSI): Bearish Divergence (New price high, lower/same RSI level)
Volume: Recent price test at $1.4973 coincided with decent buying pressure
Key Observations:
The RSI is indicating a bearish divergence. This suggests that the uptrend momentum might be weakening despite the recent price increase.
A significant support level exists at $1.2646 if the price breaks below $1.4973. Additional support levels lie at $1.2613 (daily chart) and $1.0208 (monthly chart).
If the price manages to overcome $1.4973, the next key resistance level on the monthly chart is $1.8231.
Volume Analysis:
The recent price test at $1.4973 was accompanied by decent buying pressure, but the price ultimately faced rejection. This suggests a potential struggle for the bulls to break through this resistance zone.
Conclusion:
The bearish divergence on the RSI, coupled with the price rejection at $1.4973 despite buying pressure, increases the chances of a pullback. Traders should closely monitor the price action around this resistance level. A break above could signal further gains towards $1.8231, while a break below could lead to a decline towards $1.2646 support, with additional support at $1.2613 (daily) and $1.0208 (monthly).
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
GBPUSD-8H-BEARISH CONTINUATIONGBPUSD is following bearish trend on 4H to 1D time Frame bears seems more stronger than bulls
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean line.
On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may
be an early reversal in progress but then again it might just be prudent traders liquidating to
take full or partial profits to close out the week. I am running full on this, I will watch the
price action early next week to determine a continuation vs a reversal. Relative volume
and relative volatility may show long traders closing with targets reached and shorts taking
their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are
set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN
can put out some higher decibels I may decide to look at the 2/16 options chain and chart
for an OTM call in the $2.5 or $3 range.
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview:
CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal.
📊 Technical Analysis:
Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish.
📈 Market Sentiment:
At 90% short sentiment, substantial support for the expected bearish reversal is evident.
📉 Trade Strategy:
Consider short positions, aligning with the bearish signals, and anticipate further downward movement.
🛑 Risk Management:
Mitigate risks with effective stop-loss orders to safeguard capital.
📈 Conclusion:
CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
RIVN a short entry on the rejection by VWAP SHORTPIVN on the 15-minute chart was trading up against the dominant supertrend from last
Thursday. Mid-morning price hit the resistance of the intermediate term mean anchored VWAP
and reversed as suggested yesterday by the bearish divergence on the zero-lag MACD.
Tomorrow is federal news which could increase general market volatility.
I see a short trade targeting 15.25 in the area of the bottom of two-volume profiles
anchored back 2 weeks. The stop loss is 15.9 at the highs of nearby candle wicks. Once the
the move gets underway, those already in long positions may close to take profit and add
into any short selling underway.
Bearish divergenceShort-term bearish movement is about to start.
There is a bearish divergence between price and RSI.
ACGL Showing bearish divergence, and possible head & shoulders.ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern.
I bought the March 15 Puts at $0.75 cents expiring March 15th 2024.
Good luck!
BTCUSD - 15min Bearish DivergenceSimple setup with RSI bearish divergence. This is a 2:1 risk to reward.
Trade Safe
What is Volume Divergence? - Divergence in the US Markets?Whenever we see a divergence, this means they are going through a process of moving apart or deviating from what we are seeing.
In this case the US markets, even though it appears to be trending higher, but its activities and especially its transacted volume are telling us otherwise. And what are their implications?
My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities.
In conclusion:
Please note the divergence we are observing here; it does not indicate that the market is going to decline anytime soon.
What this means is that the bullish trend we are currently witnessing may be losing some momentum.
Therefore, it's important not to become too complacent and assume that the bull market will continue charging indefinitely. During times like these, it's always good to take calculated risks with our investments. Continue to buy on dips with cautiousness.
Micro E-mini S&P Futures and Options:
Minimum fluctuation: 0.25 index points = $1.25
Code: MES
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement.
So What do we have in the market right now?
In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval.
For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again.
In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation.
For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
This Simple Chart Tells Us All We Need to Know About Altcoins RNTraders,
Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
TIAUSDT: Watch for Bearish Reversal Signals📊 Overview:
TIAUSDT, following a brief consolidation post-bullish trend, shows potential for a bearish reversal. Bearish divergence on 1-hour and 4-hour timeframes, along with a forming head & shoulders pattern on the 1-hour chart, raises caution of a downward move.
📈 Technical Analysis:
Bearish signals include divergence on multiple timeframes and a developing head & shoulders pattern, suggesting a potential shift in trend.
📉 Trade Strategy:
Traders should await confirmation signals, considering short positions on a break below the head & shoulders pattern neckline or further bearish divergence.
🛑 Risk Management:
Mitigate risks with strategic stop-loss orders to safeguard against unexpected price movements.
📉 Conclusion:
TIAUSDT's recent signals hint at a potential bearish reversal. Traders should closely monitor for confirmation, considering short positions based on confirmed signals.
After ETF approval, selling is likely to continue on Altcoins.Not trying to introduce more FUD. I just want you all to be aware of what continues to occur in the altcoins space. As you have seen my recent video, major levels are breaking everywhere. This continues to be the case and, in fact, even the strongest of the altcoins are starting to struggle. TOTAL2 is showing a break from our ascending channel as we look to retest support below at around 683B. Below that we have our inverse H&S neckline at just over 620B. I can see us retesting that as well in the coming weeks. I will be avoiding altcoin entries this week. Only the most risk adverse may want to play any sort of spike here which would likely follow confirmation of the BTC ETF approval. But I do expect any spike or wick up to be quick, as the market may then sell the news.
KSMUSDT Alert: Triple Top Signals Trend Shift📈 Overview:
Despite a bullish trend, KSMUSDT faces challenges with a triple top formation and a bearish divergence. The recent establishment of the first lower high (LH) adds to concerns.
📊 Technical Signals:
Triple top formation, LH, and bearish divergence indicate potential weakening in the bullish momentum.
📉 Trade Strategy:
Traders should exercise caution. A break below the last low may trigger a short position, with a predefined take-profit level.
🛑 Risk Management:
Implementing stop-loss orders is crucial to manage risks in the face of a potential trend reversal.
📉 Conclusion:
Monitor KSMUSDT closely for a break below the last low, signaling a possible trend reversal and offering a trading opportunity on the downside.
SOL/USDC - Daily ChartIt looks like Solana is finally ready to take a breather & hopefully pulls back! The reason I say “hopefully” is because a parabolic like run up in price action for so long without retesting previous resistances & officially flipping these levels as support is unhealthy. Sure it’s fun & all, but that fun will not last. The faster we go up without retests = the faster we’re going to fall & that much easier to plummet down with little to no support. The longer price stays at or hits a certain level, the harder it becomes to break that level! Last bullrun CRYPTOCAP:SOL shot up from $20 to over $200 in a short period of time, it wasn’t the most healthy run up due to a lack of retracements confirming solid support level… and what happened? Price action fell back down, cutting through what little support we had like a hot knife through butter! Solana isn’t necessarily in price discovery as we’ve seen these levels before, BUT we haven’t seen them for long! I.e., CRYPTOCAP:BTC at 21k & 30k & 48k = a lot of activity basically means a lot of trades were places & a lot of money was passed around near these zones. Now CRYPTOCAP:SOL on the other hand… does not have these confirmed price levels to act as a floor. This means it’s going to be pretty easy to fall right back down with little/less hope of bouncing off one of these “floors.”
AAPL: The Ultimate Bearish Shark Scenario Pointing Towards $33There is already an Active Bearish Shark Trade going on with AAPl that is targeting $152.24, which would be a 0.618 retrace of the local range, but there are much bigger bearish patterns and signals in the long term that could be hinting at an elevated probability of AAPL completely undoing the uptrend it's been in since 2018 and returning to those 2018 lows at $32.99.
Apple has been trading within an Ascending Broadening Wedge since 2018 and has recently topped out at the PCZ of a Bearish Shark it formed at the highs with PPO Confirmation and MACD Bearish Divergence. The target of this local top would take it to $152-$124, but if we zoom out to the bigger picture, we can see that if it hits the macro Demand Line from here, it will confirm the Partial Rise of this Ascending Broadening Wedge Pattern and the measured move of this pattern would take it back to the pattern's inception, which is around $35. In addition to that, a break of this channel would also align with a break of a potential Harmonic B point, which would put us in a Shark BAMM and the PCZ of that Shark would land anywhere between the 0.886 retrace and 1.13 extension. Due to this confluence, I find it very likely that if we break below the wedge, we will then see the price of Apple take a Harmonic dive to the $35 area.
CHFJPY: Uptrend Faces Risks - Short Opportunity on the Horizon📈 Overview:
CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift.
📊 Technical Analysis:
Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum.
📉 Trade Strategy:
Traders may consider a short position near the 0.236 Fibonacci level, aligning with the technical signals and bearish sentiment.
🛑 Risk Management:
Implementing stop-loss orders is crucial to manage risks during potential market reversals.
📉 Conclusion:
CHFJPY presents a short opportunity as technical signals and market sentiment point towards a potential downturn. Exercise caution and employ risk management strategies.
