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Divergence

USOIL - Bearish analysis part 2Not much of an additional analysis here, rather more of an update. Take a look at my previous post to get an idea of the EMA rule I use so that this makes a bit more sense. As I mentioned in the last post, we fell through the 21EMA (red one) and failed to get back above it, which generally means we're headed to the 55 EMA (yellow one). Well, that pretty much just happened, so now we have to wait and see if it holds. If the price falls through and close beneath the 55, chances are it'll run up and retest it, possibly wicking the 34 or 21 EMAs (orange & red) before getting b**** slapped into downward oblivion. Where is oblivion, I hear you ask? That be the Sasha Grey EMA. Or the 200 EMA if you have more of a thing for numbers. No judgement here. That being said, we do have support levels that could be cushy enough for a bounce. That is where I'd expect one to happen if it does fall. However, if it doesn't fall, our next target would be the 21 EMA for a candle body close with the 55 EMA possibly receiving a good wicking. Another fun thing to keep in mind before I end this - the closer the EMAs are together, the harder it is for price action to rise through them. Think of them like brick walls. If the walls are all back to back, they form one thick wall that would need a huge amount of force to break through. If they're spaced apart however, you'd need a much smaller amount of force to break through one by one, making it easier to get through them. When you see them really spaced apart, have a look at your other indicators such as RSI for bullish/bearish divergences and volume. Chances are that when you get the divergence, the spacing of the EMAs could give you a great idea of how big a move there is to come. If the volume significantly tapers off, it's highly likely the move will be explosive. Hope this was useful - stay safe!
TVC:USOIL
by Shifty-Ifrit
DERCUSD Potential Reversal , RSI Divergence + OutbreakWith Derace launching its full 'NFT horse racing metaverse' in October, I'll be sure to keep an eye on the price action leading up to this event. In addition to releasing a bunch of tools for the community before launch, Derace will also focus on Mass adoption once launched. All of these things will drive engagement up and hopefully reduce some of Derace's current bearish sentiment. So fundamentally speaking, there is definitely some upside to be had... On a technical level, we can come to the same conclusion: 1. Decreasing volume on Weekly 2. RSI Divergence 3. Curve-shaped Recovery 4. RSI outbreak --> Potential chart channel outbreak 5. 2 Month Consolidation around ICO price. I would be really surprised if DERCUSD drops below 0.288 from here, but i could definitely be wrong. Good luck!
Long
by Reproj2000
1
Is this recent rally a bull rebound of a bear retracement? To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”. In today’s tutorial, I thought of doing a recap between the two videos and explore if the current market and its development, if it is a bull rebound heading to break another new all-time high or if it is a bear retracement? I have included both the video links below. Before we get into this topic, please also take some time to read through the disclaimer in the description box below. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. Tutorial example: Micro E-Mini Nasdaq 0.25 = US$0.50 1.00 = US$2 (12,900 - 11,900) x US$2 =US$2,000 (Note: Opposite is also true) • During the closing second quarter in June, on 29 Jun - “Using S&P to Identify Recession • On the 19 Jul, 2 weeks ago - “Nasdaq a leading indicator of Dow Jones, S&P & Russell”
CME_MINI:NQ1!Education
by konhow
30
CME WTI Crude Oil Break Out After Fed Meeting? $101 Next Stop?Crude Oil Futures saw a high (~$123.00) on June 14, 2022, and have been retreating ever since. I am not in the fashion of calling bottoms, but there has been some nice consolidation over the past 2 weeks! July 14th saw a recent low (~$90.50), and we have not tested that area yet! Here is what the charts are telling me: 1. The downtrend line from that June 14 high is currently being tested as I type ($98.75) If this downtrend line is broken with conviction, the next stop is ~$101.00. This level was SUPPORT (July 7-12). This ~$101.00 SUPPORT level was broken and became RESISTANCE! CL tried to break this level on July 19, but couldn't do it. Here is the thing though! After it tested the ~$101.00 level on the 19th, it did NOT make a new low! In fact it stopped at ~$93.00 (Low was ~$90.50) Uptrends start with higher lows. We traded ~$99.00 yesterday, which coincides with that GIANT down trendline from a month ago. If we break these in the overnight session, ~$101 it is!. 2. MACD has positive divergence. What does this mean? The MACD made a higher low, as the CME WTI future traded lower. This basically means the downtrend is slowing down. 3. Upside targets after ~$101 Are: ~$103.00 (.382 Fibonacci Retracement from ~$123.00 - $~99.50) ~$105.33 (RESISTANCE from July 8) ~$106.86 (50% Fibonacci Retracement) ~110.72 (2 factors here! .618 Fibonacci Retracement AND Resistance from July 4!) This whole scenario is considered to fail if it breaks the up trendline formed from the low made on July 14, to the next higher low made on July 25 ~$93.00. CME Micro Futures are a great way to enter this positive risk/reward trade. FEEL FREE TO DM ME WITH ANY TECHNICAL ANALYSIS QUESTIONS YOU MAY HAVE! HAPPY TRADING! MACD Education: Developed by Gerald Appel in the late 1970’s Useful in trending markets because it is unbounded MACD Line = (12 period EMA - 26 period EMA ) Signal Line = 9 period EMA of MACD Line MACD Histogram = MACD Line - Signal Line Convergence occurs when the MA move towards each other. Divergence occurs when the MA move away from each other. Typically the 26 and 12 period EMA are used Oscillates above and below 0 When MACD is positive, the shorter average is above the longer term average Signals when it crosses from below to above the signal line Histogram was developed by Thomas Aspray in 1986 Signals MACD above or below signal line
NYMEX:CL1!Long
by Paul_Wankmueller
FILUSDT - Oversold (Weekly chart!)I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside. TImeframe: Weeks Return: Don't know Leverage: 2-3x if you need to use
Long
by unknownpower
1
CRM - Bullish Divergence on MonthlyCRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up. It then traded sideways in the past 2 months, forming a symmetrical triangle. With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend. 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:CRM
by Juliac
How to trade USD after the rate call? NZDUSD exampleLast night the FED raised their interest rate by 75 basis points. When interest rates go up, the currency should strengthen right? However looking at NZDUSD from a technical standpoint the market was oversold. Therefore the market has no place to go but up! Now the market it overbought and it is time to sell it again at 0.6260. There is nice consolidation and divergence happening now. 45 pip stop loss and targeting 90 pips.
Short
by JD_TeenTrader
NQ - Tweezer BottomI posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish). The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach 13000 in the near future. Has the market turned the corner for good after hitting a low of 11,000 on 16 June? We won't know for sure but I would be a bull rather than a bear in the near term. Watch for market reactions to earnings of the big boys (namely FAANG stocks and take the cue from there. 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:NDQ
by Juliac
Ethereum - my bearish scenario - a healthy correctionEthereum - my bearish scenario - a healthy correction On the 4h chart we have a bearish Stoch RSI cross, a bearish divergence on RSI and ETH is in a bear flag All points teasing a possible correction - this correction is healthy to FIB golden pocket ($1.260 - $1.238) or even to FIB 78.6% ($1.146) Prices below $1.146 should concern What do you think Crypto Nation? *not financial advice do your own research before investing
BITSTAMP:ETHUSDShort
by Crypto4Everybody
5