Get started

Divergence

Is this a new type of divergence? (widths of top looking structures seen in chart, but are they? could they be hiding their true identity and transgendering into bottoms right before your very eyes? Using an MRI Scan on the RSI, we can see it actually might be a WEAKER TOP, why does it look so small in the RSI? I think this might be a new type of divergence I discovered. The red marker indicates what looks like a "top" in the chart, but actually looks possibly more like a bottom-looking-structure, in the RSI. You can back test this yourself, look for dumps in the past, and compare, I can bet the Bottoms in the RSI will appear to be getting more narrow, and the tops becoming much wider and more pronounced before a dump. Just IMO & as always, HAPPY TRADING! :)
by UnknownUnicorn3237473
EURCHF can ascend further! 🧐🧐!!!!!The EURCHF is in a Bullish phase by reaching a PRZ zone. 🌟 Bullish signals are: - Support area - Breaking suffering upwards -Pivot R1 weekly and monthly ➡️ and the bullish signals of market momentum are: - Daily Normal Divergence in MACD - Daily strong candle - RSI daily trend line break ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. USDJPY What will happen in the near future? ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
14
EL - due for some rebound (bullish divergence)After a heaving sell off, EL appears to be finding support at the 78.6% fib retracement of it's major upswing AB (see mthly chart on Left). Odds appear good that a rebound could be in the works as the bullish divergence seen on the daily chart spanning over the last few weeks is now supported by a mildly bullish divergence seen on the monthly chart as well. I would consider to long upon the clearance of the last candle high @ 189 with a small stop loss about $1 below the recent low @ 182. Raise stop loss to breakeven as soon as it is able to clear 195 with a possible exit around $209. Just a short term trading idea with 1 : 2.5 risk-reward ratio. Let's see if it works out! 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 important! Take care and Good Luck!
NYSE:ELLong
by Juliac
GBPUSDHello everyone, I have a good idea for selling GBP/USD. There is a perfect trendline on the 1-day time frame, along with a strong order block on the same time frame, and a Fibonacci retracement level of 61%. Additionally, there is a strong resistance level on the RSI (Relative Strength Index), and I have observed a divergence as well. Furthermore, the dollar index is currently at a strong support level. It's important to manage your risk effectively. Good luck to all!
Short
by Toukhy
3
TRADE OF THE DAY | Bullish Divergence In Play Poss. 18%TRADE OF THE DAY | Bullish Divergence In Play Poss. 18% One of the few current set ups with a strong bullish divergence in play after a massive drop from its recent big move. No surprise that we are showing a broadening wedge formation - not broken yet but on the whole quite a bullish pattern. The key drivers for the long here are the divergence, high untested weekly pivot, regained a nice support and the 200 Daily EMA. The TP also falls nicely within a key resistance and inside the untested weekly pivot. Its going to be an insanely volatile week so just beware of any trading right now.
Long
by Kryptochristian
12
Procter & Gamble is soon to see good times Ahead TECHNICALS - Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock It has also tested 50 Day Moving Average and has reversed from it nicely FUNDAMENTALS - It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all) Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
NYSE:PGLong
by peace_lover
🚀 USDCAD: Get Ready for an Epic Range Trading Adventure!Hey guys! it all begins with a key element of this setup: the demand zone. This zone has proven to be a reliable reversal area in the past, and once again, price is bouncing off its robust support. This reaffirms the strength of this zone and sets the stage for a potential bullish rally. Adding to the case for an upward move, we have the RSI (Relative Strength Index) signaling a bullish divergence. This divergence, combined with the RSI reaching oversold levels, further strengthens our buy signal. It's a compelling entry opportunity at around 1.33600. As you embark on this trade, consider setting your stop-loss according to your risk tolerance. A conservative approach would be placing it below the demand zone, providing a safer trade with a smaller risk-to-reward ratio of 1:5. Alternatively, a more aggressive strategy could involve setting the stop-loss below the rejection candle, resulting in a risk-to-reward ratio of 1:7. Now, let's talk profit targets! Our sights are set on 1.36500 as the primary target. However, to make the most of this trade, consider taking partial profits along the way in areas shown on chart. This ensures you lock in some gains while allowing the remaining position to ride the upward momentum. Trading this range can be an enjoyable experience as you navigate the price action and optimize your strategy. Stay disciplined and adapt to market conditions, but most importantly, enjoy the process of profiting from this setup. feel free to share your toughts in the comments section, and don't forget to press the like button if you think this insight was helpful 🐂💰💪
Long
by Thomas_Zito
BTCUSDT Historical analysis Excuse me! It is not known what will happen with this current BTC situation. Nobody knows. BUT... Here is a chart that shows what I mean. The upper part is BTCUSDT October-November 2019. while the lower one is today, i.e. 2023. Did you notice the similarity? Historically similar. It is not possible to conclude from these that this is how the exchange rate will develop, but it is possible to draw a conclusion that it will be similar. Please write your opinion about this. If you like it, I will make similar analyses. R3ncso
by R3ncso
📈BTC analysis near US Retail Sales📉BINANCE:BTCUSDT COINBASE:BTCUSD Hey everyone, first take a look at my previous BTCUSDT & ETHUSDT analysis and positions. Bitcoin may experience growth to 28K near this month's Retail Sales release. The trend is still bearish and the price takes another step for further correction with each rise. Next station for BTC is near 200EMA (25200-25400). Don't forget to risk-free your position. Please share ideas and leave a comment let me know what's your idea. CrazyS✌
Short
by CrazyS
2
TRX Break Out Failed, Possibly Heading Under 3 cents in 2024One of the most important things in trading is forego your own wants and want what the market wants. When Glenn Neely and I first came up with the x-wave idea for BTC, I did not want to believe it was true and I continued to WANT my diametric pattern to be the end of the bear market, as it had been for the last few months. As time has gone on it gets harder to deny that what we have formed over the last few months is an x-wave, on both BTC and TRX and the vast majority of crypto assets, and that we are only a little past half way finished with this bear market that began in 2021. The market is probably going to go to max pain from here. That means another 1-2 years of bear market and the global crypto market cap being slashed in half over that time. This is based almost entirely on the wave forecast, which indicates the bull market over the last few months is an x-wave. The reason why this is now being considered as an x-wave instead of the beginning of a new bull run is because we did not see the required confirmatory price action following the bottom in January. We should have seen moves much bigger and faster than wave-b, what we had, especially on TRX, was a move which is far smaller and far slower than wave-b. This is not what the beginning of a new bull market looks like. In particular on TRX it looks like it has formed a contracting triangle after wave-g, which is very weak and not at all how a bull market should begin, but it does form into a very nice looking x-wave. This is likely to be followed by another diametric which could take just as long as the previous one, and will probably be slightly shorter, taking TRX to under 3 cents. After this happens probably sometime in 2024 we will begin to see a move bringing TRX above 1 USD and probably much higher than that. Momentum is also bearish on multiple timeframes including the weekly and the monthly. Neely River Theory has also not given any buy signals on TRX yet and remains in bearish territory. On top of that, the regulatory issues in the US, and the lack of new money coming from other parts of the world like China is a major headwind for the whole market. A Wells Notice received by Coinbase at the same time the SEC sued Justin Sun implies that Coinbase will soon be charged with operating an unlicensed securities exchange, and may have to pause and seriously wind down operations until the court case is finished. The exact timing of when this lawsuit will be filed is not clear, but one thing is almost certain is they will be sued eventually after receiving a well's notice, and the comments made by Brian Armstrong indicate they are coming after their core spot business model. This is being considered as a possible regulatory trigger for this protracted bear market, however there are many other possible events which could cause negative headwinds especially from a regulatory standpoint, like Ripple losing their lawsuit or seeing it drag on for another year or two, and further ugly developments in Justin Sun's suit or other developers being sued. The reason this is significant is because it will seriously hinder new money coming in from the US, and short of mainland China opening retail crypto exchanges it's hard to imagine anyway that new money is going to be coming into the market at the same pace as 2017 or 2013. The lawsuits against Ripple and Justin Sun are also very significant because they hinder big developer's ability to effectively market their cryptos to US-based persons, or even through social media platforms like Twitter which may have US citizens browsing on there, opening developers up to liability if they advertise on these platforms or within the US, again severely reducing the flow of new money into the market, which is required for any real bull market to emerge. Whatever the eventual trigger is for this bear market, most important to this analysis is the Wave theory which indicates, based on the rule of reverse logic, that we are only near the middle of this bear market and this could drag on until next year. As much as I didn't want to believe this at first and I wanted to assume even if we do get a wave down it will be quick, that is most likely not what the market wants. Based on the best wave analysis possible, all signs point to this going to max pain, which is a very deep, protracted bear market that could drag on well into next year. The attitudes of many traders I have seen, especially to bearish ideas, are an echo of the peak in November 2021 which I called almost perfectly. The regulatory headwinds are also an echo of the SEC's DeFi crackdown which began in late 2021. And the wave theory and technical indicators here are clear and convincing, just like in 2021. Over leveraged crypto firms like Microstrategy and some BTC miners that are at risk of collapse during a protracted bear market are an echo of Luna, 3AC, and FTX. There may still be some small upside left in wave-x, but short of a massive breakout which would need to go almost completely vertical and send us flying past the velocity of wave-b (which is very unlikely), then we are probably going to form a top here very soon and begin a major decent towards max pain, finally squeezing out these over leveraged crypto firms and creating a temporary fire sale of cryptos.
KRAKEN:TRXUSDShort
by Intuit
2
🔥 ONE Bullish Divergence: Local Bottom Set?Like most other tokens, ONE has been selling off for a couple of weeks now. With BTC appearing neutral, it's time to look at these weaker tokens for potential upside. I'm waiting for ONE to break through the 0.01465 local resistance. Once above, we can make an entry from that resistance, targeting the most recent local top of 0.025, with a stop below the most recent lows. This trade that we just constructed has a very respectable risk-reward of 12+, which is very good considering we take a wider stop. You could take partial profits around 0.017 and 0.02 if you prefer a more defensive setup.
Long
by FieryTrading
13
GOLD-USD|POSSIBLE REVERSAL| SHORT SETUP|ONE HOURGOLD-USD is moving in BULLISH direction from last few hours. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BEARISH divergence, instead the price is steadily RISING, the Relative Strength Index (RSI) has been showing a downward movement which indicates that the bullish momentum of GOLD-USD may be losing its momentum. Thus, this divergence between the price and the RSI suggests that the price may be overbought and due for a correction. Secondly, there is a presence of DOUBLE TOP reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE TOP Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD pair may take the BEARISH movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a SHORT TRADE if it breaks the ENTRY PRICE level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDShort
by haroonsiddiki
3
🔥 APE Crazy Bullish Divergence: Best Trade Of The Summer!APE has been roughly selling off since the start of the year. This trade anticipates that the selling is over and that the bottom is in for the time being. The idea is that the massive bullish divergence on the price vs RSI will cause a huge uptick in bullish pressure, further reassured by a bullish long-term BTC and stock market. When we place the stop below the current daily low of 2.99 and a target of 6.40 (the year to date high), we can create a trade with an insane risk-reward of almost 26. This can potentially be one of the best trades of the summer. Based on your preference you can take partial profits around 3.50 and 4.60
Long
by FieryTrading
11
AAPL Set To DropAAPL is set to drop based on multiple indicators on this hourly chart. Some key indicators to look at are: Divergence+ Sell signal. These signals are strong and have a high accuracy, so accurate the creator charges a subscription and as a retired options swing trader who does not currently use the indicator for personal use has made enough money off the script to pay for it the rest of my life. As a small trader ( <50k annual income and no starting investment funds ) has made tens of thousands of dollars with this script. I swear by their accuracy! The red cloud above the most recent candles is also bearish divergence, the outlined red is where the RSI is above 70 and the MACD also shows growing bearish divergence with plenty of room for the price to drop.
NASDAQ:AAPLShort
by Myantman101
📊 3 Types Of DivergenceRSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and exaggerated divergences. 📍Regular Divergence: Regular divergence occurs when the price and the RSI indicator move in opposite directions. There are two types of regular divergences: bullish and bearish. 📍Hidden Divergence: Hidden divergence refers to a situation where the price and the RSI move in the same direction, but the RSI signals a potential trend continuation rather than a reversal. 📍Exaggerated Divergence: Exaggerated divergence is a type of divergence where the RSI signal extends beyond the typical overbought or oversold levels. It suggests that the price is showing extreme momentum and could potentially experience a significant reversal. In summary, regular, hidden, and exaggerated divergences in RSI analysis provide traders with valuable insights into potential trend reversals and continuations. By understanding these divergences, traders can make more informed decisions regarding their trading strategies and positions in the market. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4