Get started

Divergence

U - Bullish DivergenceU had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16 June. U has now broken up its neckline for the 3rd time (since 16th June) and once again, experienced another steep pullback (for the past 5 days). The pullback now appears to be stalling at the neckline and a bullish divergence is between its price and RSI is also emerging. Could this bullish divergence be a clue to its earnings announcement (expected on 2nd Aug)? However, bear in mind there is always an inherent risk to trade during earnings. Should the stock be able to stay above its neckline in the coming days, then the odds have increased that it's uptrend could gain more stability (just hopefully though!). Meanwhile, buying the dips is still a safer way to approach this stock. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:U
by Juliac
5
NQ - Bearish Divergence (short term pullback imminent?)A bearish divergence can be seen on both the SPX and Nasdaq (with similar divergences also seen on most of the FAANGT stocks), coupled with the fact the indices are now in the overbought territory, a pullback in the near future could be likely. We saw both NFLX and TSLA sold off after hours despite strong earnings announcements. The market has been running into earning season and a correction would not be too surprising even if earnings are good ("buy" on expectations and sell on "news"). That said, divergences on the daily chart usually predicts a short term reversal (lasting several candles on the average) and not a predictor of a bigger trend change (unless seen on larger time frames like the weekly, if not monthly). The market remains in uptrend with good support around 15100 - 15300 region. This is an area comprising: 1. a horizontal resistence turned support 2. the 50% to 61.8% fibonacci retracement of the recent AB swing 3. gap fills @ 15300 and also 15120 However, be wary should it break the support @ 15100. So let's see what happens. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
TVC:NDQ
by Juliac
Trading RSI Divergence: Unveiling Potential Opportunities In the world of technical analysis, the Relative Strength Index (RSI) serves as a valuable tool for traders seeking to identify potential trend shifts and entry points. RSI divergence, a divergence between the RSI indicator and the price movement, is a powerful signal that can offer insights into upcoming price reversals. This article provides an in-depth exploration of how to identify RSI divergences and the different types that traders encounter. Understanding RSI Divergence: RSI divergence occurs when the movement of the RSI indicator diverges from the movement of the price chart. It can signal a change in momentum and a possible upcoming trend reversal. There are two main types of RSI divergence: bullish and bearish. Bullish Divergence: Bullish divergence happens when the price forms lower lows while the RSI forms higher lows. This suggests that although the price is trending downward, the RSI is showing potential upward momentum. Bullish divergence can indicate that a downtrend might be losing steam and a bullish reversal could be imminent. Example of Bullish Divergence : Bearish Divergence: Bearish divergence occurs when the price forms higher highs while the RSI forms lower highs. In this scenario, the price is moving upward while the RSI indicates a potential loss of upward momentum. Bearish divergence can signal that an uptrend might be weakening and a bearish reversal could be on the horizon. Example of Bearish Divergence : Identifying RSI Divergence: To spot RSI divergence, follow these steps: Analyze Price and RSI Trends: Examine the price chart and the RSI indicator. Pay attention to the highs and lows on both the price chart and the RSI line. Look for Discrepancies: In bullish divergence, when the price forms lower lows, check if the RSI forms higher lows. In bearish divergence, when the price forms higher highs, check if the RSI forms lower highs. Confirm with Other Indicators: Utilize other technical indicators or chart patterns to confirm the divergence signal. These indicators can strengthen the validity of your divergence findings. Consider the Trend: Evaluate the prevailing trend on higher timeframes. Divergence signals are more significant when they align with the broader trend direction. Be Mindful of Timeframes: RSI divergence signals can occur on various timeframes. Consider using multiple timeframes to validate and refine your divergence analysis. Conclusion: RSI divergence is a potent tool that traders can use to identify potential trend reversals and entry points. By understanding the different types of RSI divergence and following a systematic approach to identification, traders can gain valuable insights into the underlying momentum of an asset's price movement. Remember that while RSI divergence can provide powerful signals, it's essential to use it in conjunction with other technical analysis tools for a comprehensive trading strategy. 🚀🔍
Education
by Yaroslav_Krasko
OIL - DIVERGENCE at resistance level! As we see, the oil is very close to resistance level of 82,0 until 83,50. A divergence has formed which is a sign of weakness. As soon as we see that the price bounces back from the resistance we can place a short order with SL the highs of the structure and TP 74,0. We are looking at 1:5 RR which is very good risk to reward. In case we brake the resistance level we look for a different scenario. Your comments and support are more than welcome!
CAPITALCOM:OIL_CRUDEShort
by mmackk
DOGEUSDT Technical Analysis Update📈 #DOGEUSDT Technical Analysis Update 📈 🐻 Trend: Bearish 🐮 Divergence: Bullish ⏳ Reversal Pattern: Double Bottom 🚀 Breakout Confirmed: YES 📊 Trade Idea: 📌 Buy Entry: Market order at current price 🛑 Stop Loss: 0.07254 🎯 Take Profit: 0.07847 #TechnicalAnalysis #Cryptocurrency #TradingOpportunity 📈 Trade with caution and do your own research. 💼 This is not financial advice, it's for educational purposes only. 🙏 Always use appropriate risk management and set stop losses. 💰 Invest only what you can afford to lose. Happy trading! 🚀📊 #TradingView #CryptoTrading #InvestmentAdvice
Long
by T-Q
1
BT.A - BT GROUP PLC - LONGThis is an analysis of BT GROUP PLC - a British telecom company, the following is strictly my own personal opinion and does not constitute financial advice. Key numbers: Dividend yield TTM - 6.47% P/B - 0.81 P/E - 5.56 (currently) Market cap 11 817 MGBP (11.8BGBP) Analyst estimates: Analyst estimate average for BT.A is 188.5 GBX which is equivalent to a 65.42% increase from todays price. Key information: CEO has been replaced with Telias ex-CEO Alison Kirkby, she claims to have the same vision for the company as previous CEO Phillip Jansen. Telia stock has been following a similar trend as BT.A, and as news was released today both shares dropped. However, analysts believe BT.A is overweight, and the consensus among analysts is that BT.A is a buy/strong buy. Technical analysis: BT.A made a bullish divergence on recent support level at 120GBX 11th of July, likely due to uncertainty around the next CEO of the company, the stock consolidated until today. As news came out regarding the change of CEO, shares dropped in price, dropping down to previous support on 110-112GBX - still within the lines of a bullish divergence. Strategy: I am currently in possession of BT.A shares with a GAV of 123GBX which I am looking to hold. The lowest sell side analyst target is at 100GBX, and if price continues to drop to support at 95-100GBX and the divergence between relative strength and price continues, I will be looking to increase my position in the stock as long as no unforeseen news arise. If the price holds above support on the 110GBX level I will not add to my position, and I will follow my original strategy to wait for price to get closer to AVG analyst estimate, or take profit around 160GBX at the stocks previous high. Taking profit at 160GBX will net roughly 34-35% gain when factoring in dividends paid out 13th of September. Should price drop below the 95-100GBX support level, I will re-evaluate my position and look to liquidate the shares if there is any indication that the fundamental situation of the company has changed for the worse, or if the bullish divergence becomes invalid.
LSE:BT.ALong
by DonBboy
GBPCAD → I believe a downward movement hello guys... if you check indicators like MACD or RSI you find out a divergence... if you look wider and zoom out you see a three-drive pattern, in my point of view, in this case, I assume an R:R 1:1 short position... but for you, just wait until the price break out of the trendline and get a short position after retrace! target 1: 1.6711 target 2: 1.66.06 target 3: 1.6414 target 4: 1.6315 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
34
MACD Divergence: Enhancing BTCUSDT's Breakout PotentialBitcoin's (BTC) recent movement against USDT has captured attention as it breaks free from a falling wedge pattern. Despite modest volume, the breakout holds promise. Notably, a divergence in the MACD indicator on the 8-hour chart adds further intrigue, suggesting a potential bullish momentum shift. While these signs are positive, cautious analysis and market awareness remain crucial in navigating the dynamic cryptocurrency landscape.
Long
by VanRojasCapital
Is this the turning point for NIO? NIO earnings are this Friday 9th June - Positive Divergence - OBV breaking upward potential - As per prior post, we are in half way into the long term buy zone. Long term accumulation can commence for long term investors. - Price could drop as low as $6 however there is no guarantee, and with the positive divergence there is a trade to be considered to the upside with earnings on the agenda this Friday. - Stop Loss at June 1st low somewhere between $7.00 - $7.42 depending on risk tolerance.
NYSE:NIOLong
by PukaCharts
👁TOTAL:Crypto Market Prospect-a Vision of C Market to consider✏️Hi every one! As you know Market is in a questionable Place, Some say Bull Run going to start soon, and some say That was it! and BTC gonna Fall below 10k, I belive The Run kinda Started already! But all opinions aside I had This sight for a while and I'd liked to share with you. ✯So I am Bullish at all, BUT until That moment, I belive market should've go Some Swing Down❗️ How Much? Better Decide together AFTER checking Options in This Sight. I tryed to empty The chart for The clear view, But some should remain for giving direction, So please zoom in for more details. 🟣As You can see in The chart,price is playing at a opposite Triangle,Which is at End/Top corner of Another opposite Triangle, which is much bigger and drew in white. 🟡we also have multi divergence in The chart, most important of them is on Daily {visible at OS/Volume osc/RSI} I Marked Them with yellow colored brush, one more lesser important divergence is in 4H,visible in green brush if you zoom. 📌 📌 📌 As I Mentioned vision is what is more important,But I also marked The bear Time Targets on The chart With pink H.ray , Here we go; 1️⃣ 1.17T when Price test downside of The channel and rise, which is dreamy For Bulls!! 2️⃣1.033T when Price test The mid of Second/smaller Triangle and Break out/rise. 3️⃣845.588B when Price go Down and complete another Side of T , Then Break Out. 4️⃣462.473B when Price swing down smaller Triangle,Break it down and fall to form a whole New Side of That Main Triangle. [Not LIkely/BEARS choice 📊I repeat,I Just want to give you a prospective and share a Sight, and I appreciate your comment, good when you say you are interested out loud, commenting your own sight will also be Nice Thank you
CRYPTOCAP:TOTAL
by Paarham
6
📈XAUUSD analysis near FOMC meeting📉OANDA:XAUUSD FOREXCOM:XAUUSD Gold analytical series, Episode 21 Hello Traders, please check out my previous ideas. If the price stabilizes above the indicated channel, the short scenario won't be fulfilled. targets are on the chart. optimum stop-loss is above the 1971-1975 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSDShort
by CrazyS
1
GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 🚨📈💡 GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 📈🚀 🔍 What we've discovered during our examination: 🔍 📈 Bullish Divergence: Despite the prevailing bearish trend, we've identified a bullish divergence forming on the GBPUSD 1-hour chart. This could be a sign of a potential trend reversal! 📉🔄📈 📈 Relative Strength Index (RSI): The moment indicator RSI is backing this bullish divergence signal, suggesting a possible upward momentum in the near future! 📊🚀 🚨 Trading Alert: 🚨 📌 Time Frame: 1 Hour ⏰ 📌 Pair: GBPUSD 🇬🇧💱🇺🇸 📣 Our analysis indicates a potential bullish move for GBPUSD, but a word of caution before you hit that trade button: 🛑⚠️ 🚫 Trading always involves risk, and even though the indicators look promising, it's essential to consider your risk tolerance and use proper risk management strategies. 💼🛡️ 💡 Trading Tip: 💡 📌 Wait for Confirmation: It's crucial to wait for additional confirming signals before entering any trade. Always look for supporting evidence to strengthen your trade decision. 🕵️‍♂️🔍 📌 Set Stop-Loss: Protect your capital! Always set a stop-loss order to limit potential losses in case the trade doesn't go as planned. 🛡️💰 📌 Stay Informed: Keep an eye on market news and events, as they can impact the forex market. Stay updated to make informed decisions! 📰🌍 Remember, the market can be unpredictable, so never risk more than you can afford to lose! 🙅‍♂️💸 Trade responsibly and smartly! 🧠💪 Happy trading! 🚀📊💹 #Forex #GBPUSD #BullishDivergence #TradingAlert #TradeResponsibly
by T-Q