#DXY #Dollar vs. Bitcoin Dollar gave a negative signal for our Crypto market with breaking the down trend out
Be careful .
this is weekly frame
observe the divergences
Divergence
GODREJCP Weekly Bearish Divergence.Bearish RSI Divergence is evident on the chart. It would be a clearer indication if the RSI turns down making a lower high and price trades below the weekly low of 1001. If price trades below 1000 and if closes on the daily below that level, we could expect a target of 930.
CADJPY - Bearish ReversalCADJPY is in Bullish Trend for a long time.
After analyzing, it seems to go bearish after making the last HH. A divergence on RSI shows a reversal. If it breaks the previous HL, it will go bearish. Sell Stop at neckline.
AUDUSD- Bullish ReversalFX:AUDUSD
Current Trend
AUDUSD is in Bearish Trend.
A Bullish Divergence can be seen with Double bottom indicating a bullish reversal. If the trend breaks the neckline of previous LH , It will go Bullish.
Entry to be taken at the neckline with stop loss defined at previous LL.
Risk Percentage : 2%
EURCADEURCAD is trading in bearish parallel channel.
it recently test the lows of the channel with some bullish divergence, now will it head towards the highs ?
Introducing the Trendicator (by Stock Justice)In this comprehensive tutorial, we dive deep into the world of the Trendicator, a powerful and innovative trading tool made by @StockJustice that enables traders to identify trends, spot reversals, detect bullish and bearish divergences, and perform multi-timeframe analysis. We delve into the inner workings of this never-before-seen indicator, demystifying its complex algorithms and showing you how to harness its full potential. From understanding the unique features of the Trendicator such as its compression stages, divergences, and MACD crossovers, to learning how to pair it with a Displaced Aggregated Moving Average (DACD) for enhanced precision, we cover it all in a fun and engaging manner.
The tutorial is not just about explaining the Trendicator's functionalities, but it also provides practical tips and strategies for using it in real-world trading scenarios. We discuss how the Trendicator can help traders spot the onset of a trend, gauge its strength, and pinpoint potential reversal points. Additionally, we explain how traders can utilize the bullish and bearish divergences identified by the Trendicator to anticipate market turns and make informed trading decisions.
Lastly, we emphasize the importance of multi-timeframe analysis in trading and demonstrate how the Trendicator can facilitate this process. By interpreting the Trendicator's signals across different timeframes, traders can gain a more comprehensive view of the market and make more accurate predictions. This tutorial is a must-watch for any trader aspiring to level up their technical analysis skills and trade more confidently and effectively. So, get ready to embark on an exciting journey of learning and discovery with the Trendicator!
AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions.
In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics.
AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
✅I Cannot cannot Short This !!!🤑The BTCUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Bullish Channel
- The Bottom of the Wedge area
- Falling Wedge Pattern
- Moving EMA100
❗and the Upward signals of market momentum are:
- Divergence in MACD
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed.
✅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.
Introducing the Dynamic Fusion OscillatorHello, it's Stock Justice here! In our latest video, we delve into the world of the Dynamic Fusion Oscillator (DFO) - a tool that blends the power of the Relative Strength Index and the Stochastic Oscillator. I walk you through how it works, from understanding these two base components to how we fuse them to create a balanced and sensitive tool for identifying market trends and reversals.
We dive deep into how the DFO uses moving averages to signal potential bullish or bearish trends, and how divergence within the DFO can indicate trend reversals or continuations. I also touch on the DFO's capacity for multi-timeframe analysis, giving you the bigger picture of market trends.
Wrapping up, I remind you of the DFO's value as a versatile trading tool, but also emphasize the importance of using it alongside proper risk management and other technical analysis components. All in all, this video is a must-watch for traders aiming to enrich their toolkit and navigate the market more effectively!
ABC correction and possible rise of BTCAfter the good growth of BTC and the correction of ABC, the divergence between A and C, I expect Bitcoin to continue to grow.
If the price moves slowly until June 9, this scenario will be invalidated.
📈Ethereum fake bullish scenario📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hey everyone, first take a look at my previous analysis and positions.
Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the stop-hunt range if the price stays above the 1854 level.
Consider the impact of the ADP Employment Change & ISM Services PMI & Fed Interest Rate Decision.
5.25% or even lower can pump Btc and Eth.
Please share ideas and leave a comment,1
let me know what's your idea.
CrazyS✌
True Strength Index: Mastering Trend StrengthThe True Strength Index (TSI) is a powerful momentum oscillator that enables traders to identify potential trade opportunities by measuring the strength of a trend. This unique indicator is based on double-smoothed price changes, providing a more accurate representation of momentum in its truest form . In this blog post, we will delve into the world of TSI, exploring its uses, applications in trading strategies, and how it can be combined with other indicators to enhance its signals.
What is the TSI Indicator?
The TSI is a technical analysis tool that captures the ebbs and flows of price action by smoothing price changes, filtering out the noise, and producing a steadier line. The calculation of TSI consists of three key components: the double-smoothed price change, the double-smoothed absolute price change, and the TSI formula itself. As a momentum oscillator, TSI generates trade signals based on overbought/oversold levels, crossovers, and divergences. The TSI itself consists of three parts: the TSI line, the signal line, and a zero line.
How is the TSI Indicator Used?
Professional traders use the TSI indicator to gauge the strength of a trend, assisting with trade management and providing early indications of a trend continuation or reversal. The TSI oscillates between 100 and -100, with bullish and bearish trends indicated by crossings above or below the zero line, respectively. This versatile indicator can be used to hold onto winning trades, anticipate impending trend changes, and identify trend shifts through divergences.
Examples of TSI in Trading Strategies
TSI and Moving Averages:
A widely-used approach integrates the True Strength Index (TSI) with moving averages, such as the 50-day moving average, to substantiate the potency of a trend. For example, assume the TSI value surpasses the zero line, while concurrently, the stock price is higher than its 50-day moving average. In this case, it may suggest the onset of a promising bullish trend. On the other hand, if the TSI dips below the zero line at the same time the stock price falls below its 50-day moving average, this could signify the emergence of a bearish trend.
TSI Divergence:
Divergence occurs when the price and the TSI indicator move in opposite directions. For example, if the price makes a higher high, but the TSI forms a lower high, it could signal a bearish divergence, indicating a potential trend reversal. Similarly, a bullish divergence occurs when the price makes a lower low, but the TSI forms a higher low, suggesting a possible trend change.
TSI and RSI:
Combining the TSI with the Relative Strength Index (RSI) can help traders identify overbought or oversold conditions in the market. When both the TSI and RSI reach extreme levels, it may signal a potential reversal. For example, if the TSI is above 70 and the RSI is above 30, it could indicate overbought conditions and a potential bearish reversal may be imminent. Divergences can also be confirmed by comparing the divergences on the TSI to the divergences on the RSI.
Conclusion:
The True Strength Index (TSI) is an invaluable tool for traders looking to gauge the strength of a trend and identify potential trade opportunities. By understanding its uses and incorporating it into trading strategies alongside other indicators, traders can enhance their decision-making process and improve their overall trading performance.
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ADAUSDT's situation+next targets and expected movements.🤑The ADAUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- The Bottom of the Wedge area
- Falling Wedge Pattern
❗and the Upward signals of market momentum are:
- Divergence in MACD
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed.
✅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.
NAZDAQ will retrace with this leading diagonalHey Guys
As you see in the chart, NDX has reached the order block area and is finishing the last subwaves of leading diagonal and may dump sharply after that.
Be careful and try to save up your profits
Good luck
reza
Bitcoin Scalping PlanHello friends.
According to following reasons i personally go LONG for BTC/USD :
1 - Reach the Higher Timeframe Valid trendline.
2- shape an Bullish Engulfing pattern on this line.
3-Reach the 27000 support level.
4-Bullish divergence Between Price and RSI.
5-Long distance from 50 , 100 and 200 EMA
So for these reasons i think we can go up till drawn trendline and
price 28200.
Trade R/R is 1:2 and after that we should look after price for next analysis.
Thanks for your supports.
NAS100NAS100 was trading in bullish parallel channel.
After testing the highs , now is the time for testing the lows of the channel?
NZDCAD in Coming Days!✅ Based on the analytical method in the CTS strategy, the NZDCAD currency pair is in a downward phase by reaching a PRZ zone.
➡️ bearish signals in the PRZ area are:
- The roof of the descending channel
- Pivots R1 monthly and R3 weekly
➡️ and the downward signals of market momentum are:
- Divergence in MACD and RSI in 1 hour
- RSI OVERBOGHT in 4 hours
- The possibility of forming a Rising wedge pattern in 1 hour
🌟 Note that the price has reached the PRZ zone and the entry trigger will be activated by hitting the bottom of the miner in one hour time and forming a return pattern. On the other hand, if the PRZ is broken upwards with the strength of bullish candles, this analysis of ours will be failed .
✅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.
EURAUD Is Looking For Strong ResistanceBroken multi-year trendline support suggests that the Australian dollar will be doing much better than the euro in years to come. Despite recent recovery, we just see it as a corrective rally within downtrend with nice technical multi-year resistance.
Looking at the daily chart of EURAUD currency pair, we can see a three-wave higher degree (A)-(B)-(C) corrective rally after completing the leading diagonal at 1.43 area in summer 2022. By reaching projected August 2021 resistance within a five-wave cycle for wave (C), a bearish reversal can be near, especially if we consider a bearish divergence on RSI. However, keep in mind that bearish confirmation is only below channel support line and 1.5844 level.
PacWest - Bollinger Bands breakouton 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30 min. Was able to achieve target defined with almost 14% gain. Closed the trade as per candle confirmation (hammer candle formed at the bottom - which gave upward confirmation to closed the trade.
W10-12 AUDUSD BULLISH IDEA (HARMONICS REVERSAL PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
