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Bearishdivergence

Oil Short Term ForecastH4 - The price which is moving higher has created a triple wave to the upside. While measuring this triple wave using the fibonacci expansion tool, the 61.8% fibonacci expansion level of the first wave at 41.04, the 61.8% fibonacci expansion level at 37.17, and the 100% fibonacci expansion level at 41.25 of the second wave coincide on the same zone with the daily and weekly pivot points. Which makes this area a key resistance zone for us. Price has currently reached this key resistance zone. Bearish divergence. Until this key resistance zone holds I would expect to see corrections here.
TVC:USOILShort
by VladimirRibakov
Bearish Divergence| S/R Flip Retest| Long Structural Support Evening Traders, Today’s Analysis – NZDJPY – breaking a key level where an S/R flip will confirm structural support. Points to consider, - Impulse bull move (breaking key level) - Bearish Divergence evident (allowing for a retest) - Structural Resistance (immediate target) - RSI putting in lower highs - Stochastics sell cross NZDJPY broke resistance with an impulse move, currently trading at its range median with a valid bearish divergence. A retest of structural support well let the bearish divergence play out – will also confirm the S/R flip retest. The RSI is putting in lower highs whilst the stochastics is projecting a sell cross – putting more emphasis on the bearish divergence. Overall, in my opinion, NZDJPY is likely to confirm support with a retest. A long trade will be valid with defined risk below structure. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
Long
by AzizKhanZamani
6
Is Bitcoin trading in a Micro Inverted H&S?It appears as though Bitcoin is forming an inverted Head & Shoulders inside of a more macro Ascending Triangle. The RSI is displaying a divergence from the price as well, you can notice there seems to be a sloping line of resistance on the RSI forming a descending triangle pattern. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again.
COINBASE:BTCUSD
by ScotianBot
1
NASDAQ Short Term ForecastD1- Price has created a triple wave to the upside. The price which was moving higher respected the key resistance zone formed by the 9500 psychological level, the 161.8% (9565.6) fibonacci expansion level of the first wave, and the 61.8% (9336.5) fibonacci expansion level of the second wave and is currently moving lower. We had a bearish divergence and an engulfing candle pattern. H4 - Price has broken below the uptrend line. Until this uptrend line breakout holds we may expect short term bearish moves towards the key support zone formed by the 38.2% (8327.2) - 50% (8004.2) fibonacci retracement zone of the daily triple wave.
OANDA:NAS100USDShort
by VladimirRibakov
Apple Short Term ForecastD1 - Price is holding below the psychological level 320, continuing bearish divergence. Price is moving on the upper band of the Bollinger Bands for more than 20 candles. Note: If you want to learn in detail about Bollinger Bands then check out my blog and youtube channel. H4 - Triple wave to the upside, the price has reached the key resistance zone formed by the 161.8% (315.29) fibonacci expansion level of the first wave, 100% (325.10) fibonacci expansion level of the second wave, and the psychological level 320. Bearish divergence. H1 - If we get a valid breakout below the uptrend line shown in the chart, we may then expect further continuation lower in the short term.
AShort
by VladimirRibakov
Dax Short Term ForecastH4 - Triple cycle to the upside completed, price respected the key resistance zone and is moving lower. Bearish divergence, the price has broken below the uptrend line. Price still has room lower towards the key support zone formed by the 38.2% (10010) - 50% (9621.1) fibonacci retracement zones of the triple cycle. H1 - Price is currently moving inside a bearish flag pattern. We have a key resistance zone formed by the 100% (10675.6), 127% (10737.6), 161.8% (10817.6) fibonacci expansion levels of the first wave, top of the bearish flag pattern and the H4 uptrend line. Until this key resistance zone holds my short term view remains bearish here. Break below the bearish flag pattern would validate this short term bearish view.
DShort
by VladimirRibakov
3
Critical Area for SPYToday's market action created a "Dark Cloud Cover" candlestick on the close. This is a bearish reversal formation. For confirmation, we would like to see continued bearish movement tomorrow. The close today was right at the rising trendline, perhaps even just below & the market began pulling back near a previous gap down level (dotted pink line). It's important to also note the bearish divergences with the RSI & Accumulation/Distribution indicators as well. Tomorrow may be a big day in deciding which way this market breaks. If the market continues higher, a move above the gap level of $290.23 will negate the bearish outlook & return to a bullish stance. Be prepared to protect profits on any open positions you may have as none of us knows how far the market can drop on any "pullback" in this current market.
AMEX:SPYShort
by Chartimistic
2