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Divergence

BTC short TradingplanHi @everone, i Added on top of previous chart i would like to share some pattern wavecouts on top of it. rule nr 1 : never short at a potential wave D ( this is often a huge trap) same for an falling wedge, its exact the opposite. rule nr 2 : now how to count your waves, you want to spot a 5 wave structure with higher highs and higher lows with an apex wich is declining. the first wave needs to be inpulsive and may not made an lower low. This would inval your wave count for an wedge. rule nr 3 : ONLY enter if you spotted an valid wave E with some bearish divergence on top of it! Everyone nows what is an wedge.. But almost no one seems to knows how to really trade them. Enjoy your new set of rules, If u found this valueble please put your comment below, Thanks! Goodluck, Team Quantistic
Short
by Quantistic
3
S&P 500 appears to be in a bottoming processThere's been many bullish divergence + higher low patterns happening on the daily chart of the S&P 500 leading to bear market rallies. It is now happening on the weekly chart which could suggest something more than just a bear market rally and instead an actual rally that leads to a bull market. To confirm the weekly bullish divergence, we want to see a higher low form in addition to the divergence, possibly around the 3600-3700 level. However, it is important to note that the market can actually make a new low and this pattern could still be in play except instead of having a low + lower low in price and a low + higher low on the MACD, you would have a low + lower low + lower low in price and a low + higher low + higher low in the MACD. If a higher low is unable to form this time around, I would suspect we would see the next low around the bottom 2, green dashed lines.
SP:SPX
by PSchoeff
1
AUDJPY Potential Long PositionPlease give me some feedback and let me know what you think. Multi time frame Analysis 1D time frame price is trading in a range and reacted to the Supply Zone giving a Long Bias 4H time frame price breakout of Demand Zone giving a Long Bias 1H time frame price is signaling a Bearish Divergence (I am interoperating this as a corrective/retracement move) and reset at zone to give a Long Bias Setup and Entry Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 50EMA to go Long
Long
by Bruce1_1Wayne
3
NKE - Could have bottomed?NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually. However, I suspect the eventual break will be more likely to the upside as the resistence turned support zone ($99-$103) has been holding up in the past few months, plus a bullish divergence can be seen in the monthly chart. Earnings expected on 29 Sep AMC. Guess we'll know by then where it is heading! 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:NKELong
by Juliac
1
Did BTC bottom out? Probably YES!Dear traders, It appears like BTC is forming a bottom here. There is strong Bullish Divergence (blue thick lines) formed on 1W timeframe. It is fiddling with EMA-100 on Monthly TF. It has already broken the resistance trendline (purple line) in Oct-22 and gave the retouch in the week of 7th Nov. The price is forming a falling wedge which is again bullish reversal pattern. I expect BTC to breakout above 18K and "RISE" in the new year. Then there's nothing stopping it till 29K-32K range. We visit the charts again there. In alternate scenario, it may trade sideways narrowing the trading range. However, I don't think it will invalidate the current formations entirely. It may dip towards ~12K and come back up giving a long wick followed by continued sharp upward move . But the dip must be in next couple of weeks for this bull story to remain intact. If not then it will drop slowly towards 8K range and it will be Q2-2023 before we see any hopes of reversal. Good luck.
BITSTAMP:BTCUSDLong
by MetaservCc
1
GOOG - Tide could be turningGOOG's monthly chart formed a bullish divergence and closed with a bullish "pin bar" in November. We are likely to see more upside momentum for this month, although it could pause and consolidate when it hits the near term horizontal resistence around 104-105, then may (or may not) dip back towards 93 (recently pivot low), before eventually breaking higher. Immediately support is currently at 93. Turn cautious if it dips below here. 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!
NASDAQ:GOOGLong
by Juliac
1
QQQ setting up ReversalQQQ has been downtrending however- it broke through the mid-Fib levels which are now resistance the Momentum Oscillator shows bearish momentum decreasing to nearly zero the red dot on the center line suggests a squeeze is underway recent candles are small range and nearly Doji candles on the RSI Ichimoku are wide range and volatile in general relative strength is rising in bullish divergence Accordingly I will close the put options and open call options with 48 hours of time to expiration at a strike 1% above current price.
NASDAQ:QQQLong
by AwesomeAvani
NAS100 ReversalNAS has been falling in the past several sessions. On the chart , the fib levels are drawn from the recent past swing high to the swing low. An anchored VWAP is set at the swing high. Price is currently just above the VWAP and the 0.5 Fib level. These are both likely support for a reversal. I will look for volatility and enter a long trade upon confirmation. MACD and RSI are both showing bullish divergence ( Stop loss at the fib level below the entry. Frist target is the upper band of the VWAP and final target is the red line horizontal resistance)
NLong
by AwesomeAvani
US30 - Breakout SetupUS30 has been in a bullish trend on 1H. Price has recently bounced off an important Resistance Zone that may caused a trend reversal. The Bearish Bias is based on the following confluence: Price has stopped making HHs and HLs Resistance Zone (1W, 1D, 4H, 1H) rejection Horizontal Support breakout with Bullish Engulfing candle Rising support breakout with Bullish Engulfing candle Bearish Divergence on RSI (1D, 4H, 1H) OBV Divergence (1D, 4H) Trade safe. Hit like & follow for more analysis.
UShort
by yo_zubair
FTM/USDT4H Timeframe shows us a classic bearish divergence => For taking a short position I wanna see an extended bearish divergence, it's because we can see it more often while spotting the trend reverse ( wave 3 and wave 4 make classic bearish divergence, BUT then the wave 5 making a higher high and taking the stop loss liquidity of the waves 3 and 4, after that we can see an extended divergence) ! In between the waves 3,4 and the wave 5 usually there is a hidden bullish divergence! On our FTM USDT chart we could notice a bearish divergence but it didn't go well, because MACD histogram did lower low while the chart was making higher high in the up trend, so it's a very nice bullish signal for taking a BUY position. If you missed it, no worries, just wait for the extended bearish divergence and go short!
by STUKOVA
3