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Divergence

When a divergence isn't a divergence and price winsA fellow trader here on Trading View needed some help with a trade he is taking. Commonly when an RSI makes a new LOW and price makes an opposing HIGH this is called a "Bearish Divergence" When this happens, its expected that price will follow and make new Lows or start moving down. But what happens when price continues to move up? Why would it go against the momentum of the all mighty RSI? How is it possible that price can reject what the RSI wants to do? Well the answer is VOLUME and who is in control of it. The Bulls or the Bears...and whomever is in control, will always win. In this video you'll see something else to look out for when trading divergences so you can predicts which way price will breakout.
Education
by CoffeeshopCrypto
5
DJI - testing near term resistence soonDJI is now above both it's 200day MA as well as an intermediate trendline resistence. However, we are seeing bearish divergence between price and RSI on DJI's daily chart and with near term horizontal resistence coming up @ 34100-34300, we could have some pullback when it reaches there. Fibonacci retracements of 23.6% to 50% of it's most recent swing up will still be "acceptable" for the bulls and does not mean the market has turned bearish (unless we have a deeper pullback). I suspect the low we saw in early Oct (28660) is "The" Low of this bear market as we saw a "tweezer bottom" / bullish engulfing candle on the monthly chart. Signals on the longer time frame (ie the "Bigger Picture") will be more powerful than on the shorter timeframe. However, there is always the fear that FED could step in to brake any further upside, hence expect market to still be volatile and could also trade in a wide sideway range for a while (weeks/months?) before we can see the 200day MA flatten out and then start can turn up. Meanwhile, DJI's further upside could slow down while Nasdaq begin to take leadership. As long as Nasdaq is taking the lead then the overall market will still be in a more bullish rather than bearish mood. Take one swing at a time. Have stops in place in case one is wrong. 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!
TVC:DJI
by Juliac
4
NVIDIA Corporation Technical AnalysisAfter a drop of little over 60% in the past year, NVIDIA has created a bullish divergence on a previous support line. 1 Year analyst targets according to Tradingview is $202/share, which constitutes roughly a 60% price increase from current price. My plan for NVIDIA as of right now is a swing trade earning to make anywhere from 30-50% in the next couple of months, I don't see the stock price falling drastically more as of right now, according to the fundamentals we have seen a drop quite consistently with the drop we have seen thus far reflected in the stock price. I'm looking to take profit around the previous high of $190/share, most likely liquidating my position at $185/share, netting a total of +47% ROI from today's price. If NVIDIA were to drop further, (although I don't see it dropping below $100/share without the help of external factors) I still think NVIDIA is a solid company as well as they have a major market share in the computer technology sector, and I will most likely retain my position were the price to drop further, although this would have to depend on a revision of my current analysis. Summary: NVIDIA created a divergence on previous support on 4H chart. Entry price: $125/share Target price: $185/share Long-term holding possible if swing trade does not turn out as expected, granted fundamentals does not change. Disclaimer: It might not be a bad idea to conduct a qualitative analysis of the computer sector if you want to follow my trade as there is a lot of external factors happening in the world that might affect the result of this trade.
NASDAQ:NVDALong
by DonBboy
1
3 Step Divergence Trading strategy. When to use the RSI Formula.This is a divergence trading strategy i am testing out for you guys who are still having trouble knowing WHEN to enter a trade after finding a divergence as well as where to exit that trade. This will also give you more information on the followings: Where to use the RSI FORMULA. When to enter a trade after a divergence. What a fake out looks like. Where to take profit Where to take a second profit Drop your feedback if you would like to see this strategy develop further and if you understand its simplicity enough.
by CoffeeshopCrypto
18
Big Election Week Move Imminent For S&P500On October 27th in my previous idea I mentioned that we would keep an eye on SPX as we suspected that a move was coming due to the large bullish divergence spotted on the weekly RSI indicator and a move did indeed occur in swift fashion. But was that just the beginning of a potential wave in the market that is going to either send this market back down into the doldrums? Or is this going to be the beginning of testing higher prices so that an upward trend may finally begin to form? The S&P500 has not made a significant higher high in price in well over a year. Yet, with that being said, there also hasn't been as nice a potential setup on the chart as this.. until now. Monday's close could be the beginning of this major move as we see on the chart that the price action closed, JUST ABOVE a key area of resistance.. that being 3804. What to look for now would be full body candle closes above this price level. Preferably green full body candle closes. Which is why tomorrow as well as this week in general will be very interesting. If prices begin to hold on both the daily and weekly above this 3804 level, a potential rally to a zone of 4155 and 4311 would ensue. This would be my personal level of interest to be getting out of longs. These 2 prices are the 50% and 618 fibonacci levels. And as such, these would be very high likely areas where other fibonacci traders would be looking to sell. So on the chart, I show these as being the areas in which I would trade out of this setup due to the rules of which fibonacci retracement dictates. Also, keep in mind that 4000 could still be a major area of resistance. This area is not discouraging but it could be a level that price action must spend time testing before the rally can continue once and if this level is hit. In the meantime, keep an eye on where the market opens and closes tomorrow. The weekly bullish divergence on the chart has likely not yet finished playing out, and Monday's close could be the pin perfect price to catch this wave that I suspect is just in the beginning. DISCLAIMER: This is commentary of my own personal observations and ideas. Please do your own research and invest responsibly. THIS IS NOT FINANCIAL ADVICE.
SP:SPXLong
by TradeVibez
a $MASK we can all agree onThis Sugar Honey Iced Tea coin has something for everyone right now! Whether you're a Basic Indicator Becky or a Geo/Harmonic tweaker...(or both, like yours truly) 1. RSI Bull Div (my fav) 2. Volume building (my fav) 3. Bear Gartley at major TP zone (my fav) 4. At long-term support (boooorrrrrrrriiiiiiiiiiiiinnnnnnnnggggggggg...jk) 5. Adam & Eve on lower timeframes (my fav) Re: the gartley...this is the third of four take-profit zones for ppl who shorted the top. The first three are the reversal points (ABC) of the XABCD. The final theoretical gartley TP point is the 1.618 extension of DA, from D. Which in this case would be negative. I'm not sure that invalidates the possibility that this will go lower. But maybe (THEORETICALLY)? AKA the pattern is as complete as it can be, theoretically. Although, at this point would it surprise anyone if crypto went negative? LOL The coin btw is something about "bridging Web3 with Web2" and bringing decentralization to centralized platforms...if you're like me and you prefer your degeneracy like this instead of in meme form...get on the rocketship! mask.io Not financial, medical, or spiritual advice. Could go lower obviously, none of this is prescriptive, TA isn't real...and always remember to consider what time of the month it is for bitcoin. Use stop loss, stay hydrated, get fresh air, tell your people you love them and remember crypto is a scam and money aint ****<3 Thanks for reading! I appreciate all feedback. Esp on how to disable auto links on tickers haha
Long
by FinanciallyCodependently
1
BTC, Is the Bear Market Over?BTC looks like it has completed a triangle for the final wave of a diametric pattern which began in mid 2021. We will likely see a rapid melt up from here. Targets are well above all time high if we can confirm the end of this bear market. Macro LARPers will get rekt trying to short into extremely high and sticky inflation. Alts will outperform BTC because of regulatory changes coming in the next year that will clarify securities laws and end SEC manipulation of crypto markets.
COINBASE:BTCUSDLong
by Intuit
MSFT- found intermediate supportMSFT gapped down into intermediate support @ 220 today (after another round of "bad" CPI report that spooked the markets) but immediately reversed to form a bullish engulfing candle on the daily chart (and a potential pin bar on weekly chart). Bullish divergence can be seen on both the weekly and daily charts which gave more conviction to this current support @ 220 (medium term resistence turned support) Granted that a bounce from an bullish divergence can be just a short term counter trend (in a bear market), this support at 220 is still significant unless it is breached to the downside. 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:MSFT
by Juliac
Prataap snacks Ltd - MACD CROSSOVER 📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY FMCG 📊 Sector: Fast Moving Consumer Goods 📊 Industry: Packaged Foods DAILY TIMEFRAME Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Script is moving towards its resistance level which is 908. 📈 Current RSI is around 76. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 869 🟢 Target 🎯🏆 - 908 , 1000 ⚠️ Stoploss ☠️🚫 - 799 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:DIAMONDYDLong
by radha_23
2
UNI's Situation right nowUNI is in an ascending Triangle. this means the Price Might Have a chance to Increase as much as the measured Price movement(AB=CD).right now the Price has touched the bottom of the Triangle and It should Start a Bullish Movement soon. The Price might fail to Increase as it was Expected and Lose the Bullish Trend. in that case the Price will reach the Support Line which is shown on The chart. There is also a Regular Bullish Divergence(+RD) On MACD which is a Bullish Sign that should be considered as well.If the Bullish Trend Happens, The Price might even Break the Triangle Upwardly! -UNI is in an Ascending Triangle -(AB=CD) -(+RD) on MACD -It might lose it's bullish Trend -Expected Movements and Supports are shown on the chart _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
3