Get started

Bearishdivergence

DowJ divergence and market collapse by end of year??The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018) and ended on December 02, 2019, it caused significant damage to the market along with the covid-19 pandemic. But the bears divergence was replaced by a bull that started on January 4, 2016 and ended on March 02, 2020. And the bull divergence was much longer and the market went much higher. And this new divide divergence, which began on January 2, 2018 (dark blue line) and may end in the second half of this year. I think after this long bull market there will be a pretty strong market depreciation later this year, and definitely stronger as it was a couple of weeks ago. But as I mentioned, if rsi rise above 93.09, otherwise there will be bears divergence and the Dow index will fall, thus starting to collapse the market. From a technical analysis point of view, everything is very simple and basic. But it is a powerful tool that makes a big impact on the market. If you have anything to add, write it in the comments.
TVC:DJI
by MantasJanusaitis
GC possible back to short. Make up your mind already!So GC do not know what it wants. Now at neckline. Critical 4hour candle - if price break below 4h neckline on 4h candle close take short position. Aggressive sell on break of neckline or conservative sell on retest. - weakened demand zone (already reacted to prior demand zone) calls for possible lower target= more profit. However I would still take at least partial profit here. - relatively weak support at black lines. If price finish above neckline on candle close but rsi close below neckline on its head and shoulder still consider short entry. This is bearish divergence on lower time frame. Especially with close below the 50 line.
COMEX:GC1!Short
by UnknownUnicorn11430563
2
Day Trade $133 strike price I see NKE hitting $133 no later than Friday, however... Technical analysis shows we are due for an imminent dip and it will be a hard dip, here's why. Strong sell signals indicated by guth 3x triple confirm, which has pretty decent accuracy D+ showing a red cloud above the candles indicating strong bearish divergence Resistance has just been met as indicated by the Kurutoga cloud ( teal cloud beneath the candles ) MACD shows weakening bullish divergence RSI is also pretty high compared to its previous low My plan is to buy at open, let fall a few dollars and sell for a quick 50% profit. Comment your thoughts below
NYSE:NKEShort
by Myantman101
12
BTC - H1 - TRIPLE TOP !H1 : Recent price action triggered a triple top formation coupled with bearish divergences !!! Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band. Next short term support is now @ 52650 former peak of March 3rd ahead of the clouds support area which iscurrently very thin = FRAGILITY !!! Interesting to note that the 38.2 % Fib ret is @ 52200, in the middle of the clouds area ! Watch also carefully M15 to detect early signal (s)
BITSTAMP:BTCUSD
by Ironman8848
1
Shorting COF AgainI have a watchlist of stocks that I go through and find the stock with the greatest probability of reaching a certain price based on technical analysis. Based on the indicators I use, and candlestick trends. I see COF dropping again. $128 might seem like a cheesy prediction, but that is just the put I bought. It was almost $130 a share when I purchases that put today. However here are my reasons behind shorting this stock. Again :) Sell signal on guth 3x confirm Double Sell signal on D+ which is so accurate cost a subscription, D+ also shows high amounts of bearish divergence as indicated by the red cloud above the candles. Weakening bullish divergence as indicated by the MACD RSI 58 which is on the higher end for this stock Room to fall as indicated by the Kurotoga cloud which acts as a base for support ( the teal cloud under the candles ) Like if you agree that COF can hit $128 or lower this week, and comment your favorite stock below you want to see me add to my watchlist. I will be picking 1 stock a week to short or go long on. Happy trading!
NYSE:COFShort
by Myantman101
5
GBPUSD Short Term Sell Idea After Bearish Trend PatternH4 - Price is bouncing lower from a key resistance zone formed by the 100% Fibonacci expansion level of the first wave and the 61.8% Fibonacci expansion level of the second wave. Bearish divergence. Price still has room lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement levels of the bullish trend pattern. H1 - Bearish trend pattern. Until the strong resistance zone holds my short term view remains bearish here.
Short
by VladimirRibakov
2
Bearish Divergence?Hello! As a new trader looking to learn and share, I'm always interested in hearing everyone's thoughts. GRN looks to have been strong and making nice bounces with higher highs with what looks like good accompanying volume, but I'm seeing a bearish divergence on the MACD and RSI steadily making lower highs. I'm thinking this could be at least a signal to be cautious of the pattern stopping, either pullback or consolidation. As always would love to hear everyone's thoughts! Take care everyone
TSX:GRN
by TomK11
4
ETH update: Less bearish, still going to correctI still believe Ethereum will correct sharply for a few weeks but I reconfigured my drawings and adjusted my correction estimate. I have a potential top at $2200 Then I have decent support/ potential bottom in the high $1400's I now have $1280 as a potential bottom instead of $850-900 I admit it's possible I'm not bullish enough but 3-5 week price consolidations with a 40% crash are not unusual in crypto bull markets and I wouldn't panic if it happens, I would buy more. The more you look at crypto charts from previous cycles/runs the more you slap yourself for not recognizing and trading identical pattern repetitions, so I have learned to look for history repeating.
BITSTAMP:ETHUSDShort
by RickSmash
8
VUZIX- AR smart glasses/wearable to displace the smartphone?AR smart glasses hype fizzled out after the colossal failure of Google Glasses years ago. However, according to BTIG, wearable technology's potential TAM could be $100B after accounting for the recent advancement in mobile technology, edge computing and 5G networks. Furthermore, the adoption rate is accelerating because of the rising trend and demand for virtual healthcare, remote training and service calls for overstretched field technicians as a result of on-going pandemic. Based on these factors, BTIG assigns VUZIX a buy rating and $30 price target. Back in December, VUZIX revealed that Plug Power had been using VUZIX's smart glasses for its remote onboarding and training program and so did Euvirotainer. Yesterday, Vuzix announced that the company's Vuzix M400 Smart Glasses were featured in the American Medical Association's Special COVID-19 Edition and ARK invest scooped up 292K shares for its ARK Autonomous Technology & Robotics ETF. Undoubtedly, the momentum and short/long-term catalysts are on VUZIX's side, but the profitability and value leave much to be desired. VUZIX's growth depends on how well it can position itself to grab a slice of the pie in the massive wearable device market. There might be a temporary pullback to the bottom of channel as the price seems slightly overextended judging from bearish divergences and trend indicators. However, volume seems healthy and I place more emphasis on volume analysis vs technical indicators. Either way, I treat it as an asymmetrical bet with the massive upside potential hinged upon the convergence of multiple technological breakthrough and enterprise adoption. I would open up a small position and put in 1/2 market buy and put in the rest at the bottom of the channel with the stoploss placed directly below the channel. This swing/intermediate setup can turn into the long-term holding if fundamental plays out in the long run. Do your own due diligence. Not the investment advice.
NASDAQ:VUZILong
by Libratus
2