Bearishdivergence
USOIL: Remaining Stubborn within the RangeUSOIL has managed to stay slightly above the PCZ of a Bearish Butterfly as well as to not break down any trendlines and avoid the bottom of the Range; However, Despite how strong it may look it still has dailed to break structure and it has been showing lots of Bearish Divergence. So long as the range holds i suspect that we will trade back below the 1.618 and eventually go for the Bearish Break Down Targets that could lead to a Bearish 5-0 to take us down to Atleast $56.27.
$JNJ: Heartline Rejection Targeting 38.2%-61.8% RetraceJohnson & Johnson has rejected the Heartline of the Equidistant Channel while showing Bearish Divergence on the MACD and RSI and as a result i now think it will be heading for a minimum .382-.618 Retrace and i will be playing it via monthly put options.
ETHUSD - Overbought - Bearish DivergenceOn the 4h-timeframe (left chart) chart of Ethereum (ETHUSD) we can see bearish regular divergence has appeared. Divergence is a strong indication that the price will move in the opposite direction. This chart is showing that it is likely for the price to drop.
On the 1d-timeframe (right chart) of Ethereum (ETHUSD) we can see an overbought condition. The three indicators are all suggesting this condition and it is likely for the price to drop. The three indicators used are the Bollinger Bands, RSI, and the Stochastics.
There are two indications on different timeframes and are complementary to each other and suggest that the price will drop.
All further details are shown on the charts.
Good luck!
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is forming an ascending channel-like structure in a 1hr time frame which is generally a bearish pattern. RSI is also showing bearish divergence. Price is still moving inside a channel and we might see another pump above the $21.5k level for trapping more longs and after that, a dump will be coming.
Once it breaks down the channel then it is a confirmation for the price to go lower.
Invalidation:- Break and close above $21.8k
What do you think about this?
Let me know in the comment section.
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Thank you!
AUDNZD Short Term Sell IdeaD1 - Price reached a strong resistance zone and is bouncing lower.
Bearish hidden divergence.
H4 - Bearish divergence.
Until the key resistance zone holds my short term view remains bearish here.
A valid breakout below the last low at 1.07980 would be the validation for this short term bearish view,
$EDU: Bearsh ABCD into Bearish ABCD BAMM with 98% DownsideThis stock looks like it's setting up to lose pretty much all of it's current value below the moving averages and the Bearish ABCD with Bearish Divergence along with Hidden Bearish Divergence on the Weekly. There's also the terrible Earnings and there's just no justifying how bad it is. If this Bearish ABCD plays out then i'd expect an ABCD BAMM Movement down to around $0.75 i'll play it via long-dated puts.
USOIL Continues To Struggle at the Bearish Butterfly HOP LevelLast week i entered a trade at the PCZ of the Bearish Butterfly and it went a bit higher but found resistance at the HOP Level after diverging on the RSI and is coming back below the 800EMA so i have held and added to my entry and am still targeting the full ABCD Breakdown Movement down to $70 or lower.
Bearish AB=CD on the SPDR Select Industrial Sector ETFThere is a Logscale AB=CD on the Industrials with Bearish RSI Divergence and the 1.414 PCZ of the Logscale AB=CD aligns with the 1.618 on the Linear Scale. I think it would be fitting to see this go down as i have recently become Bearish on Defesne Stocks such as RTX and HON, and have also become bearish on Airline Stocks such as BA and those stocks all happen to be in the top 10 holdings of this ETF so if they go down this ETF will go down. The standard Target for an ABCD like this is back to the C level which is around $47 in this case but for the time being i will target $80 via buying of the $90 Puts that are several weeks out.
WWE: Bearish Deep Gartley with Bearish Divergence on the WeeklyThere is some Bearish Divergence at an 886 Retrace Potential Deep Gartleyy PCZ with Bearish Divergence and so i will be selling some Longer Dated $80 strike Calls with lots of Extrinsic Value and use the credit that is obtained to Buying alot more Somewhat Shorter Dated Puts at the $80 stike with significantly less Extrinsic Value.
EURCAD Short Term Sell IdeaH4 - Lower lows.
Currently it looks like a correction is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Bearish divergence.
Until the two strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this bearish view.
LINKUSDT Peaked at this Reversal ZoneLINKUSDT seems peaked at this Right-Angled Broadening Wedge. I'm using Herif's Harmonic Pattern Projections indicator to show the 5-0 Harmonic structure within the Broadening Wedge. The price action is trading at this Potential Reversal Zone at the top due to a Candlestick Engulfing Bearish on BTCUSDT and a C-D bearish swing-leg can be expected to Volume POC level.
Technicals:
Volume decreasing shows bulls lack of confidence;
Awesome Oscillator on H2 shown bearish Twin Peaks formation;
Fisher Transform on M30 bearishness crossing.
* 5-0 Harmonic Pattern was introduced by Scott Carney
Raytheon Technologies: 3 Line Strike at PCZ of Bearish CypherThe Defense Sector in general seems to be overhyped as if it expects earnings not to matter anymore but the PE/Ratios keep rising as if it's betting on the US to enter a direct armed conflict rather than reality which is that we are simply just providing old unused equipment to the Ukraine. I think in the near future the market will realize this and we will see prices on these kinds of stocks got lower as the PE Ratios compress just like every other speculative growth stock has done during the cycle.
EURUSD Top - Shorting The Bearish ImpulseEURUSD is on the verge of starting a sell-off.
I am expecting in Impulse Wave in Minute C (red).
The greenback (DXY) should be able to commence a Bullish Retracement.
EURUSD under pressure.
My Euro-Dollar Technicals:
* Ending Diagonal in Intermediate (C) (white)
* Complex Double Three Correction
* Hidden Bearish Divergence
* Harmonic Pattern: Bearish Cypher in Minute b (red)
* Double Top Pattern
* 88.6% Fibonacci Retracement
* 161.8% Fibonacci Extension
EURUSD SELL Signal:
* Entry @ 1.06910
* SL @ 1.08700
* TP1 @ 1.0500
* TP2 @ 1.0280
* TP3 @ 1.0140
* Safety Measure: when in the green, moving SL to BE.
* Sell Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.