Get started

Bearishdivergence

SLV is presenting a buying opportunityTechnically while I am long SLV in the big picture I think there may a little but of downside left to complete a healthy retracement. The tool I've used here depends on identifying divergence (in this case MFI but RSI is fine as well), you then measure the duration of that divergence, and lastly project it (duration) off the price low (as this is bearish divergence) within the period the divergence was identified. The notion is that this is the average time it will take for that low to be tested. What this means is that we *may* see a low in SLV on 8/14 and the general price range I'm looking for is 21.4 - 20.84 (prior low and pivot point) with a .618 retracement of the massive rally falling in that range. If the .618 retracement doesn't hold I will then look at the .5 mark visible on the graph. Please ask if you have any questions.
AMEX:SLVLong
by TNasr
Bearish Divergence on LINK 1H chart, may retrace Hello Viewers. LINK as we know has shown absolute bullish market for 3-4 days, however retracement may be possible as BEARISH Divergence appears on the RSi w.r.t Price action. While Rsi holds 50 level, the entry is after the confirmation as it hits below 50 Level. Possibilities are to hold 50 Fib Level, and then maybe bullish cycle starts after consolidating for a while. If you like my Analysis join YOU & I community by following us. Cheers!
Short
by You_and_I
2
Descending Channel for GBR?GBR has seen a parabolic 3000% gain & more since 2018, very odd considering Gold is only up approximately 70% in a similar time frame. I guess gold miners & gold don't necessarily correlate 100%. GBR appears to be trading in a descending channel, and on the RSI there's a noticeable double top / Head & Shoulders, where I have placed the blue human icon represents the head of the H&S. The red arrow on the RSI is possibly a double top. On a long term chart it appears as though the RSI has topped multiple times but the price has continued to rise, thus creating a bearish divergence.
G
by ScotianBot
GBP HKD Short term trade opportunityHi everyone, I am way too tired to make a full blog post, but I see some opportunities in this pair. Right now I think it is going down, but I can see that in the longterm it is heading back up, and I will make the full post once I feel well enough to give you all an accurate reading, but for now take this small setup. Macd on the 15 minute has crossed and appears to be moving towards the negative. 15 minute RSI is bearishly diverging. Target 1: 10.11016 Stop loss:10.14427 TLDR, we have finished a wave one of a greater move upwards, and I am expecting a deep wave 2 retracement. Around the golden pocket, which is 0.618-0.65, but maybe even to the 0.8. 0.8 is too aggressive for myself, but aim for it if you want. Another target is the base channel of the larger cycle, but I'll talk about it when I make a full post. Anyway, I'll hopefully talk to you guys sometime tomorrow.
Short
by Mika_k
Bitcoin BTC formed an ascending broadening wedge (bearish)Bitcoin formed an ascending broadening wedge ( bearish reversal pattern). I've noticed the bearish divergence on the 4hour timeframe but also a bullish divergence right after. The bullish divergence could indicate that BTC could make the last push to 11100-11200-11250 levels to test. I'm curious if $BTC could manage to make a Higher Low. If not this could change the trend (short-term) which is healthy. Testing previous resistances as support and to create stronger support. Breaking 10850 will make me more confident in a short position. Have to keep in mind we have a gap below at 9645 too. Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (NFA).
BYBIT:BTCUSD.PShort
by BitcoinTradingClub
Gas future recovery lost all momentum, 200 SMA resistance?Hello Traders! The price of Gasoline Futures has recently returned to its normal range but the momentum of its recovery seems to be completely used up. The 50 SMA may have recently crossed over the 100 SMA, but both the MACD as well as the RSI look rather pessimistic, both indicating bearish divergence. I would be very surprised if the price crossed over the 200 SMA, which has acted as resistance in the past, but let's better wait for the next few candles before we trade on weak signals. VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NYMEX:RB1!
by vf_investment