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Bearishdivergence

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.
NYSE:GMELong
by AwesomeAvani
$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.
NASDAQ:ISRG
by dpuleo19
1
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.
FXOPEN:XAUUSDShort
by TraderAmin-KZ
6
Bearish divergence in BANKNIFTY on daily chartBearish divergence refers to a technical pattern that occurs when there is a discrepancy between the price movement of an asset and its relative strength index (RSI) indicator. In the case of Bank Nifty on the daily chart, a bearish divergence on the RSI suggests a potential reversal or weakness in the uptrend of the index. The RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is often used by traders to identify overbought and oversold conditions in an asset. When the RSI moves above 70, it is considered overbought, indicating a potential price correction, while a move below 30 suggests oversold conditions and a possible rebound. In the context of Bank Nifty's daily chart, a bearish divergence occurs when the price of the index forms higher highs while the RSI forms lower highs. This discrepancy suggests that the buying pressure supporting the upward price movement is weakening, signaling a potential reversal or pullback in the near future. Be cautious on upside trades.
NSE:BANKNIFTY
by imkhushal
5
Bearish divergence explained in NIFTY & BANK NIFTY.DIVERGENCE is when the price of a scrip is moving in opposite direction of an indicator, usually an oscillator. It acts as a warning that the price trend may be getting weaker. It does not necessarily mean that the trend will reverse. It could signal an exhaustion of the current trend, the beginning of a period of consolidation or a medium to long term reversal. _________________________________________________________________________________ Divergences are classified according to their levels of strength. Type A divergences are the strongest, Type B divergences show lesser strength and Type C divergences are the weakest. Type A divergences usually present the best trading opportunities, whereas Type B and Type C mostly lead to choppy price movement or consolidation. _________________________________________________________________________________ TYPE A: Type A bearish divergences occur when price rises to a new high but the oscillator is only able to rise to a high that is lower than the previous high of the oscillator. The divergences of this type often indicate a reversal towards a downtrend. TYPE B: Type B bearish divergences are formed when the price makes two equal highs or a double top and the oscillator makes a lower second top. TYPE C: Type C bearish divergences occur when price rises to a new high but the indicator stops at the same level it reached during the previous rally. _________________________________________________________________________________ Divergences are important signals which can be used to book profits on existing positions or pulling up your trailing stop losses. NIFTY and BANK NIFTY both, are displaying bearish divergences on the daily timeframe. Which type of bearish divergence do you see in NIFTY? Comment below.
NSE:NIFTY
by Tradeception_
Introducing Dynamic Action Convergence Divergence (DACD)Hello, it's Stock Justice here! In our latest video, we explore the intricate workings of the Dynamic Action Convergence Divergence (DACD) - a tool that synergizes the robustness of the ADX and the DI lines to create a dynamic and responsive trading indicator. We plunge into the depths of DACD, starting with the base components - the Average Directional Index (ADX) and the Directional Movement System (DI). We then demonstrate how these two indicators are harmoniously fused together to form a comprehensive tool capable of signaling market momentum and potential trend reversals. We further elucidate how the DACD uses moving averages to mark potential bullish or bearish trends, and how divergence within the DACD can indicate trend continuations or reversals. The video also highlights the DACD's proficiency in multi-timeframe analysis, enabling traders to view market trends from a broader perspective. Closing out, we underline the DACD's versatility as a powerful trading instrument, while emphasizing the need for using it in conjunction with proper risk management and a balanced blend of other technical analysis tools. This video is an essential watch for all traders seeking to enhance their trading arsenal and navigate the market more proficiently!
SP:SPXEducation
by StockJustice