MCD - scalp puts to 181.63Broke out of rising wedge on daily chart
Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H
Broke out of rising wedge with volume on the 1H with MACD crossing down
Bearish divergence again; price (HHs) MACD & RSI with (LHs)
Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a bearish sign
If $MCD breaks and holds below 184.33 with volume, it could see 181.63.
LMK WHAT YOU GUYS THINK!!! HAPPY TRADING
Bearishdivergence
Trying to Understand My Analysis Mistake for $GRPNGetting frustrated with myself a little bit.
I dumped NASDAQ:GRPN on Monday because I saw these two hidden Bearish Divergences on the dailys.
This was also when it was testing the 50 SMA resistance and I also noticed consolidation on the boiler bands so I assumed that the resistance would hold and price would go down.
For two days now the price has shot up, broken the 50 SMA resistance and broken through the boiler band consolidation. If I held long I could gave gained by now +24% more in profits which I lost out on.
Does anyone see anything wrong with my analysis? I have only been doing this a month.
$GRPN - Bullish or Bearish?- Conflicting Signals from IndicatorNASDAQ:GRPN
We are still showing the same hidden bearish divergence from my analysis of $GRPN last night (Apr 26). RSI:HH Price: LH, but the price made a +12% increase today and candlestick stayed comfortably above the 50 SMA daily resistance.
Seems to be conflicting-any ideas? Would appreciate any constructive criticism of my TA.
Gold (XAUUSD) Daily DivergenceAn UNCONFIRMED Regular Bearish Divergence on RSI( 14 ) is present. If price wick to $ 1707 the divergence will be confirmed and could current the price to EMA21 which will be on $ 1680 Horizontal Support.
It'll clarify by markets opening,
But note that the Gold has been a pretty powerful market and somewhat ' hedge ' in this world markets crash. So don't expect this Daly Divergence Reverse the dominant trend.
Gold Short Term ForecastH4 - Price respected the important resistance zone and is currently moving lower, bearish divergence, uptrend line breakout.
H1 - Price has broken below the bottom of the range, currently it is moving inside a bearish channel, bearish trend pattern.
I expect bearish continuation in the short term.
Bear market rally finally reversing?The rally has seemed to weaken considerably over the last week, but managed to end the week with a new top. I think that was the top for the foreseeable future and a drop in the coming week is unavoidable as the rally loses it's steam. I've highlighted the most obvious signs pointing to a reversal (notably falling volume, bearish divergence in RSI and MACD and the possible double island top reversal pattern)
Dax ForecastD1 - Bearish hidden divergence
H4 - Bearish divergence, if the price moves lower and breaks below the uptrend line then it would be a good bearish sign for us.
H1 - Bearish trend pattern, if the price moves lower and breaks below the low at 10164 we may then expect pullbacks and further continuation lower.
AUDUSD ForecastD1 - Price has reached an important resistance zone formed by the 38.2% - 50% fibonacci retracement level of the cycle we have and the downtrend line. Bearish Hidden Divergence.
H4 - While measuring the first wave, the 61.8% fibonacci expansion level coincides with the daily resistance zone which makes this area a very strong resistance zone and the price is holding in this zone.
20 candles ride in Bollinger Bands, bearish divergence.
H1 - Bearish convergence. Until the invalidation level shown in the chart holds we may expect further continuation lower.
Silver ForecastD1 - Bearish hidden divergence.
H4 - We have two important resistance zones that has formed based on the fibonacci extension levels of the cycles we have. Bearish divergence.
H1 - Currently the price is moving inside a rising wedge pattern. Price has reached the first resistance zone, bearish divergence.
If the price moves lower and breaks below the low at 15.138 we may then expect further continuation lower.
Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second resistance zone.
Dax ForecastD1 - Bearish hidden divergence.
H4 - We have two important sell zones that has formed based on the fibonacci expansion levels of the two waves we have. Bearish divergence
H1 - Price has reached the first sell zone, bearish divergence. If the price moves lower, breaks and holds below the low at 10139 we may then expect further continuation lower.
Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second sell zone.
Bitcoin Short Term ForecastD1 - Bearish Hidden Divergence
H4 - Price has reached an important resistance zone, bearish divergence
H1 - 20 candles ride on the Bollinger bands, bearish divergence.
If the price moves lower and break below the low at 7234, then my idea here is to sell the rallies with bearish evidences.
Strong resistance! Low risk, high reward setup!EURCAD has hit a wall at a strong resistance level (purple rectangle) for the past 3 weeks.
There is a bearish divergence on both MACD and RSI, as outlined by the solid black lines.
Consolidation triangle forming, as shown by solid orange lines.
Buy volume is also decreasing, outlined by solid blue line.
Potentially a low risk, high reward setup taking place.
Make sure to follow!
What are your thoughts?
1:1 WXY correction complete. Next wave 3 extension to 5k or 4k?1:1 WXY correction complete with a clear 5 wave count for wave Y and gradual declining volume as bitcoin rises.
4 hour bearish divergence now on the 4H OBV.
If this count plays out, we should be starting wave 3 of 5. If wave 3 is a 1.618 extension of wave 1, I'm expecting this wave to complete somewhere around 5150. A 2.618 extension will see an extension to the 4k region.
Good luck and happy trading!
AUDUSD Short Term ForecastH4 - Bullish trend pattern, bearish divergence, we may now expect short term retraces.
H1 - Price is holding below an important resistance zone, false breaks with bearish divergence, uptrend line breakout.
M15 - Potential bearish trend pattern, if the price moves lower and breaks below the low at 0.60735, we may then expect potential continuation lower.
Bitcoin's Double Top Causes a BreakdownIt is looking likely that the price has completed a double top, which is considered a bearish pattern. In addition, the pattern is combined with bearish divergence, which makes a breakdown more likely.
The price is following an ascending support line, which is currently at $6200. A breakdown from the support line would most likely take the price to the next support area, which is found at $5750.
If the price travels the entire height of the double top pattern, it could reach the next support area at $4550, which marked the daily close during the bottom of March 13 and the subsequent bottom of March 18.
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