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Divergence

#GBPCAD bearish scenarioBearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend. Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here. In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Short
by mohemati
6
EUR/USD Ready To "Head" Out The Bottom Door?! - EUHere I have EUR/USD on the 4Hr Chart! Price has had quite a bit of trouble dealing with this Resistance Zone @ ( 1.09047 - 1.08841 ) Upon its attempts to Break above all last week Higher and Higher, these attempts failed and on the RSI, registered as Lower and Lower Highs, signaling the Bullishness is FADING! The Last High @ 1.0948 was followed by a decline down to the clearly tested Support @ 1.08755 Now, Price is struggling with the same Resistance Zone as last week, ONTOP of dealing with a Falling Resistance created by the Highs made on the 17th & 18th. If price is unable to go any higher and gives us a Lower Low in the ( 1.0910 - 1.092 ) Area, we could expect to see quite a STRONG REVERSAL chart pattern approaching .. THE HEAD AND SHOULDERS! *If Price Breaks and Closes above 1.09223, pattern INVALIDATED! *If Price Breaks and Closes below 1.08755, pattern CONFIRMED!
Short
by Novi_Fibonacci
Divergence: RSI vs. PriceHey everyone! In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE! Today, I took some time to put together an Educational Video on: 1) What a Divergence Is? 2) How to Spot them! & 3) How to Trade them! I hope you find this helpful! **Tips - Divergence is never good enough to trade alone, YOU NEED CONFIRMATION! - The longer the Divergence takes, the more reliable it is - Change in Momentum is KEY!
Education
by Novi_Fibonacci
6
GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers. This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
Could AUD/USD be getting ready to visit .6850?? - AUHere I have AUD/USD on the Daily Chart! Since price last visited the 2023/2024 Fall Support Zone making a Divergent Low @ .63623 , it has continued to move higher finding Support at a Local Support Zone! After this we see a New High @ .67141! Using the Fib Tool from Divergent Low to New High, we are given a Fib Entry Zone where Price has already corrected too! Currently, we see price is now struggling with the Fib Kill Zone! -All this Price Action is happening just under a Falling Resistance and with this much built up pressure I believe we could see price make quite a move to the UPSIDE!!! At Market Open, Price had opened WAYY above our Falling Resistance making a GAP to FILL and price has already done that! -Price now is also trading ABOVE the 200 EMA -If price can continue to stay above the Kill Zone, I believe it will have a good chance at Breaking the Local Resistance Zone and then onto the Dec. 2023 Resistance Zone @ .6850 Levels
Long
by Novi_Fibonacci
2
Technical Outlook – Last Half of 2024Today, I will share how I plan my trades for the second half of 2024. I am not trying to make any predictions here, as no one knows the exact day or hour. However, when a big move or turnaround begins, we will be able to recognize what is about to come. Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 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. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DJ:DJI
by konhow
2
Fetch.AI HTF Fetch.ai soon to be ASI (Artificial super intelligence) after the merger with Singularity (AGIX) and Ocean protocol (OCEAN) has been a victim of the recent altcoin market drawdown. As on of the leading projects in the AI space, FET surged to a high of $3.47, since then price has been retracing back down the range created by the rally previously. BEARISH: Now back at range low FET finds itself in a key area where the bearish trend can continue, break below range and continue to fall. This would be mostly influenced by a further sell off in BTC as alts are still at the mercy of Bitcoin. Should BTC continue to reject the '21 ATH and 4H 200EMA levels then price will naturally search for buyers with conviction. This chop has already been devastating to the altcoin market without a big flush. So this outcome is not improbable. BULLISH: On the bullish side we have a very good R;R HTF entry level at range lows, in addition to a fully reset RSI in the oversold area compounded with a very bullish divergence being shown on the High timeframes. All three of these conditions add up to a high probability entry IF BTC behaves. Naturally if BTC decides to sell off then so will altcoins and FET is no exception. However, in this probability game this setup is one of the better LONG setups you could ask for. Couple that with the AI narrative and good fundamentals this looks bullish.
by ProR35
2
SOLOKING - 1H || TP1 5X, TP2 10X, TP3 100XThe currency is currently at a great discount, making it an excellent time to buy for those who want to strengthen their position. It’s considered the best entry point before prices go up. There are many buy signals, and the team behind the project is strong and hardworking. This is a long-term investment opportunity. The team has been working super hard and they just listed on Bitmart and on MEXC in less than two days after launch. Key highlights about $SKING: - Initial liquidity pool of 5,350 SOL ($700k+) has been burnt 🔥 - Minting and freezing accounts have been revoked - No tax on transactions - No team tokens First Target: 5x Second Target: 10x Third Target: 100x Final Target: 100x to 1000x (Open) Reasons to Buy: Oversold Fibonacci Reversal Strong Divergence Hardworking Team Bullish Falling Wedge And More! Don't miss it
RAYDIUM:SKINGSOL_FEHZ48.USDLong
by Toukhy