Monthly Banging Against Resistance With Lots of DivergenceThe weekly move down we got before will be nothing compared to what we get here.
Last time we got a decent move down off a daily Dark Cloud Cover but this time all focus is on the Monthly Divergence and the Monthly Bearish Engulfing This will come down with all the major indexes.
Bearishdivergence
SPX Parallel Channel Update #2; Monthly Price ActionI posted a chart on the SPX back in April that showed that is was in a monthly price channel and nearing the top. Today i noticed that we hit the top of said channel.
The RSI is showing divergence and the MACD may look to cross downwards soon.
I think that we will be seeing a bit of red in the next couple of weeks.
Update more detail added for BITCOINs next big reversal downSo just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
Don't be fomo in,btc still making massive bearish divergence°Technical analysis:
#BTC (Update)
Welcome to this quick update everyone, In daily timeframe Chart, Massive Bearish Divergence Still in Play.
Bitcoin Might Retest $44000 coming Days.
51K is Major resistance now
48K become Support, if it will broke then we can going to retrace the 44k level once more
if we break 51k then 58k level is next Target 👏
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Repeat of 2018 Crash?Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.
Bearishly Breaking Below The Neckline of A Lower High Double TopADA is Bearishly breaking below some serious support right now and looks as if it could make some major Fibonacci retraces.
The RSI and MACD are also both bearishly diverging.
It may reverse at the 50 percent retrace but if you want to take this trade to the extreme you could try to hold short until it reaches the .786-886 fib zones to take profit.
Be Aware of Bearish Divergence on Nasdaq?Triple Top on Key Resistance level, Head and Shoulders. Monitor at every top that hits resistance, the RSI on triple top making lower highs, showing a downward trend on RSI while candles are showing uptrend. Does this signal that there is some potential fears in the market? Especially with FOMC minutes tomorrow. Is bond tapering coming? Plus, there is a Doji Candle closing today.
Keep Monitoring. Tomorrow FOMC might keep bond buying stable and could breakout to a new high? or Bearish Divergence breakout?
Symmetrical Triangle Bearish Divergence.We have a Symmetrical triangle here with bearish divergence on the RSI.
ETC Setting up to get very bearish if it breaks trendETC will likely be testing a trendline and a support level at around 60-61 dollars very soon and if it breaks through we very likely see the value of ETC decrease by 50 percent or more. Right now on the daily we have Bearish Divergence on the MACD, and the RSI is just now coming off of overbought with a bearish MACD crossing.
BTC, MACD and RSI show bearish divergence with price!Bitcoin more than likely goes for a correction!
Both MACD and RSI show bearish divergence with price. Price is between two important resistance levels corresponding to 0.5 and 0.618 Retracements. Volume is also continuously decreasing.
These bearish warnings are important. It is wise to take them into consideration.
Check out related ideas for more details about general trend and final destination of BTC. Links are provided below.
Good luck my friends.
Bearish Divergence(NKE) Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target to 150 as a great place to consider cashing out your puts due to it being the 0.5 Fibonacci Support. If we keep getting bearish signs a target to 135 will be made since that was where the gap up started.
Bearish Signals
-Squeeze Indicator(4h)
-Bearish Divergence
-Willy Oscillator
Fibonacci Price Targets
-1st 164
-2nd 156
-3rd 150
-4th 144
-5th 135
Texas Oil Presumably Ready to Break UptrendWe are testing the weekly trend after showing bearish divergence and going red on the Heikin Ashi Candlesticks
We may look for a minimum of a 50 percent retracement from here.
In the meantime we may consider buying into the inverse ETF of Crude $SCO
Natural Gas and crude may not necessarily move together so i am diversifying my bearish positions among the two.
1HR Bearish Divergence MACD Crossing Down at Hourly Resistance.Is may come back to test supports at 4-5 dollars from here.