Bearishdivergence
fuboTV: Double Top at the 0.382 Retrace and 200 Day SMAfuboTV right now has gapped up and hit a 38.2% Fibonacci Retrace and is now Double Topping and Bearishly Diverging on both the MACD and RSI at this level. As things currently are, I would expect the gap to eventually be filled, but overall, fundamentally looking at their financials, I think the stock goes down to the 1.272 Fibonacci extension, which would take it all the way down to around 6.18 cents.
US30US30 is trading in bullish momentum and facing long term resistance and also created bearish divergence. Will the bearish divergence play its role along with resistance and push the price to downside?
ETHUSDT ASCENDING TRIANGLEI'm sorry but the target does not fit in to the chart.
As you can see, the overall situation in the crypto market is not looking very healthy,
We have here a very simple setup, we combine:
- RSI Bearish divergence.
- Uptrend with decreasing volume.
- Failure to break major resistance of 2000$.
- Bitcoin selling at less than 25000$.
And for the previous reasons, I would consider opening a short here with targets 1370$ 890$ and 285$ (high before 2020 market crash).
For entering, there is various options, you can enter now or wait for a confirmation like for example, the breakdown of the trend-line and a retest.
This trend-line is acting as a strong support so It might take a few days to see a breakout, however, this setup can be wrong, nothing is infallible, no trader wins 100% of the time so please, remember that the first thing is to protect your capital.
It's recommended to set a stop loss at 1790$.
BITCOIN MAKES CLASSIC DEAD CAT BOUNCEAs you can see in the chart, this is a very simple setup:
When we look at the big picture, we have a dead cat bounce breakout retest pattern.
As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point.
As targets we have the clear support levels and we set an stop loss at the last swing high, so in case the price goes against the position, we protect our capital.
Sticking to ideas when proved wrong can be a very expensive mistake. Always be ready to change your mind.
$SPY: 50%-61.8% Retrace Seems Likely Before Continuation HigherThe SPY seems likely to pull back to the levels of $420 to $400 before it can later decide whether it wants to continue the overall Bullish Trend to all-time highs. In the meantime, we are dealing with Double Bearish Divergence on the MACD, Overbought Conditions on the RSI, and a Bearish Engulfing Candle on the 4 Hour all while trading at the 1.13 Retrace of the local range it just broke out of.
General Motors to ChargePoint Trading at Bearish Shark PCZI think that these two stock will trade in opposite directions to each other, so I am tracking the ratio between the two stocks, and it looks like General Motors has just about hit the limit to the amount of ChargePoint shares it will be able to buy, and so I expect a decline in GM price and a Rise in ChargePoint's price from here.
Coca-Cola: Bearish Inverted Roof Top with Bearish DivergenceCoca-Cola has formed an Inverted Roof Topping Pattern and is Currently Breaking Down after Bearishly Diverging on the weekly and Bearishly Engulfing on the monthly; if things go as expected then Coca-Cola will come down to make at least a 61.8% Retrace, but I think it could go all the wa down to as low as the 0.886 as all the Defensive Plays begin to deflate.
AmerisourceBergen Corporation: Bearish AB=CD & 3 Drives PatternABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.
NAS100 / US100 Cash / USTEC BearishBearish Divergence at 1 hr time frame. Also, NASDAQ is at the top point of the year. Here we can see a correction or trend going downwards. Also, there is high-impact news on Monday (ISM Services PMI). You can take appropriate risks and rewards by calculations according to your account size.
As I have calculated for myself.
EP - 14429
SL - 14560
TP - 14258
Lots - 1.527 = 2% on account of $10000
"SAFE TRADING - LONG TERM TRADING"
General Mills: Bearish Engulfing with a Shortening of the ThrustGeneral Mills after an amazing Cup with handle performance is now showing a multitude of Bearish Signs such as a Shortening of the Thrust in conjunction with Bearish Divergence of the MACD and RSI and a Bearish Engulfing candle on the Monthly Chart; this all points towards the probability that General Mills will be seeing some significant downside in the coming months as the rush towards Defensives die out.
GME appears to be ready to sell in JuneGME on the 4H chart appears to have topped out at the end of May after a decent rise of
30% after the May 2nd bottom. At present, the Hull Suite trend indicator is signaling a
reversal while the MACD zer0 lag indicator shows the lines have crossed under the horizontal
zero and the histogram has turned red. The RSI Indicator is showing a bearish divergence with
strength decreasing from 80 to 60. I see this as a short setup and will take a position of
put options with some long stock shares as risk management and hedging strategy. My target is
a 50% retracement of May's move up and a stop loss above the swing high. GME is still above
the POC line of the volume profile. Once it drops to that value, I expect bearish momentum
acceleration. Earnings are coming. If in profit before earnings, I will take off half the position
for the earnings and then expect GME to rise and stop out the remaining position or drop
quite a bit more.
$ISRG buy or sell?Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above $309 before correcting I wouldn't buy it as I don't expect it would have a good follow through.
I'll keep this stock in the watchlist and wait for a proper breakout.
XAU/USD Swing Trade PlanHello Guys.
Hope you have good times and great trades too!
Today i'm going to explain why GOLD will fall to at least 1930 in coming days.
First of all as you can see in my chart we see a strong Bearish Divergence Between
RSI and price in Daily TF , that i show them with white lines.
Next , We can see a Evening Star Pattern in this strong Resistance level(2050 $).
After that we pass through 20 and 50 MA 's and according to Pullback to MA50 ,
I personally predict we can continue downside.
as you can see we have a trendline base don the pervious two bottoms.
And this Trendline Overlap with MA100(Green line).
So i think this is the first Target for the price in the way of going down.
For later happenings we should follow chart and see what candles shape in this area.
But Don't forget to SET a Good Stoploss in Lower timeframe , if you want to catch this Fish :)
Hope you Enjoy my opinion and
PLEASE
Share me your idea in comments , Let me Learn something from you.
THANKS all my friends.
Good Luck.