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Hidden RSI Divergence

Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level: Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal. Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control. Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs. Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand. Trading Plan: Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone. Stop-Loss: Set a stop-loss above $628 to manage risk. Target: The primary target is $472, with potential for further movement depending on market conditions. Remember to manage your risk appropriately, as market conditions can change quickly. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.
BINANCE:BNBUSDShort
by Ayrop-Dev
RSI on the Chart?If you like RSI, you probably dislike that it takes up so much space on your screen - especially if your mobile. This solution provides the RSI in an authentic manner without sacrificing screen space. You might even be able to spot additional confluence types using this indicator. Soon enough I will have it spitting out all of my divergence signals. (I have 18 different divergences (9 buy, 9 sell) that I can spot and profit from) Just search the indicators for EMARSI on Chart! Let me know what you think.
by ennoiD
Waves Accumulation ChannelHi friends! Welcome to waves update analysis, among the few coins with huge announcements and had been among the top 5 in volume since it moved first week of December. Waves recently caught my attention printing a very interesting widening mouth pattern that could drive waves higher. Its currently sitting on its 12 EMA with a very nice doji candle close with confluence on a trend support. A bounce at this level will trigger a 2X move. A hidden bullish divergence also supports this price action. 5 waves on a widening mouth channel is a springboard for a big bullish move. It is currently on its 4th wave in the channel. If it does completes the 5 waves on the channel, waves will likely print new highs after a correction. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Bullish Poop Trader
Long
by PoopTrader
7
Sample RSI setups on #USDCADThe RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess of the chart. I will continue to post RSI trade setups and RSI educational information in the future as time allows.
by CurrencyWaves
2
USOIL: LONG TERM OUTLOOK USING TIME CYCLES ON MONTHLY CHART !!!Hello Traders, In the previous post on FX:GBPUSD , I shared the Time Cycle approach with you guys. Thus, here on FX:USOIL I have applied the same approach, using the Time Cycles to determine the most probable direction for the next coming 2 to 4 years and also when the reversal in direction is most likely to occur. I explained the concepts behind both Sine Cycles and Cycle Arcs in the previous post on FX:GBPUSD . I'll add a link to that post under the Related Idea section below. By moving around the WEEKLY Cycle Arcs , we are able to identify a specific time period of 2254 days or 74 months cycle arc, on average, that currently exists in USOIL . At the end of each period we are most likely to find a significant low in the USOIL market. The highest probabilty lows are where all 3 cycles (Monthly cycle arc, Weekly cycle arc, and Sine cycle) lows meet at the same time. This is where we are most likely to get a strong reaction to the upside in the market. Take the 2002-11-01 cycle lows as an example, during that period we saw all 3 cycles turning back to the upside and this brought the USOIL market from 26.70 all the way upto 146.73 in a period of 74 months. Currently we are sitting exactly at the same place as in 2002, where we have all 3 cycles pointing back to the upside. For more confirmation we also have a well respected MONTHLY trend line, at which we recently got a BULLISH HAMMER at the end of August. This is a strong indication that buyers are defineitely present at this key monthly trend line. We are also getting a valid HIDDEN BULLISH DIVERGENCE on the RSI . I have labelled the predicted price range of 119.62 and the amount of time, about 68 days, that it will take to reach that level on the chart above. That's all I had to say about my perspective on the USOIL market. Please feel free to point out any errors that I may have made in this Time Cycles approach. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
FX:USOILLong
by moneymaking
20
GBPNZD: BULLISH CYPHER PATTERN ON 4 HOUR !!!Hello Trader, Similar to the FX:GBPAUD trade setup, here we also have a BULLISH CYPHER PATTERN on FX:GBPNZD that is very close to the completion point. Note that we also have HIDDEN BULLISH DIVERGENCE on the RSI. Keep in mind that only take regular or hidden divergences seriously, once the market starts to BREAK STRUCTURE in the direction of the divergence. This pair has also been in a strong BULLISH trend and this pattern allows us to jump into the direction of the MAJOR TREND. We also got a favourable risk to reward ratio for this setup. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Long
by moneymaking
30
Alternative bat as a test of the broken channelReading the chart After the pair broke out to the upside, it came back to test the broken channel. Now, this breakout represented itself as a completed harmonic pattern: the alternative bat. Also, the RSI (7) is heavily oversold and comparing this strength with the previous low (close) it tells me that the bears were sold out too soon. Therefore, this could mean a hidden bullish divergence and should indicate that the retracement upwards should continu. Setup Entry: 0.6581 SL: 0.6547 target 1: 0.6640. risk/reward: 1:1.74 target 2: 0.6677 target 3: 0.6737
Long
by Mikoxl.
3
SPX500: Hidden Divergence (4 HR) !!!UPDATE #2: Stopped out with small loss. UPDATE #1: Trade is active now. Hello Traders, Here we have a hidden BEARISH divergence that is giving us a nice shorting opportunity with very little stop loss and potential of high reward. The analysis is pretty simple, market is making LHs and LLs, signifying the continuation of the downward trend. Market has retraced back near the previous LH and due to the hidden divergence we do not have to risk a lot on this trade, which is why the stop loss is placed just above the recent lower high created by the market. See the chart for more details. Note: The trade is NOT active yet. Pending orders have been placed. Please feel free to AGREE or DISAGREE with this idea. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
FX:SPX500Short
by moneymaking
1
AUDUSD: Structure Long with Hidden DivergenceSorry for being quiet this week trading view but I've been running things on the road. Also the markets have been pretty quiet this week so there just hasn't been a lot to share. Today seems to be a little bit better and I wanted to bring a potential buying opportunity on AUDUSD to your attention. I'm already long this pair from earlier in the week. My position has been doing absolutely nothing but sitting there, but with our recent movement in price action another opportunity has appeared as well. This structure based opportunity can be looked at like a 2618. Price action has come down to previous structure support and held, followed by a HHHC and is now retracing. The HHHC gives us a bullish rotation and the present retracement is a perfect chance to hop aboard. Also the fact that the RSI is showing us hidden divergence gives me some added confidence and potentially added points for those of you that trade the Combined Technical Scoring System (CTS). The risk reward looks good on this trade no matter where you look to get long, so the only question left is "How Can I Get Long?" And the answer to that should be simple. What does your trading plan say are your rules for entry on this type of trade? "But Akil, what if I don't have a rule for this in my trading plan?" Well I'm sorry but you shouldn't be taking the trade then. With structure being at the core of my trading philosophy I'd be looking for targets at resistance & stops below support. Best of luck if you do get involved and until next time. "Plan Your Trade, Trade Your Plan" Akil Stokes www.Tradeempowered.com
Long
by Akil_Stokes
25
GBPAUD: SHORT?? Is This Guy Crazy?What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no problem going against the grain especially with I can back it up with a valid case for entry. Although my initial trade was on the hourly timeframe, the chart before you is of the 15min because within the move that we've seen today, the market is offering traders of the 15 minute timeframe a second chance to get involved in the form of a 2618 setup. Back to the initial though process of getting short, In this mornings Training session, I did a lesson on the different type of divergences. Regular vs. Hidden. While showing them an example on the GBPAUD I actually stumbled upon a trade that looked like a great opportunity. So I took it. (For those of you in The Syndicate program Jason broke down this trade in WARROOM as welI.) What I saw was a standard trend continuation trade with the RSI being overbought and the presence of hidden divergence on the hourly timeframe. What I see on the 4 hour and daily charts doesn't scare me much as we've pushed past what I would have considered the reversal zone IF that structure level was going to hold. The test and hold of the 1.8400 level (w/rsi OS) is something I'm aware of, but my I don't need a push beyond that level to secure profits. With a risk/reward ratio of over 1:3 this was a no brainer hence my aggressive entry this morning. I know I'm going to hear from you guys and I don't mind having the debate, all I ask is let's be professional and be open to the fact that in any market there has to be buyers and sellers at the same price level. Sometime's I'll be right, sometimes you'll be right. As long as we're all making money at the end then it's all good. So know strategy bashing please for you trolls out there.
Short
by Akil_Stokes
31
AUD/CHF shorting signsSimilar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view: - inside bar following high test bar in pull back to 50ema - price rejection at resistance at ~0.8210 - price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210 - Stochastic and RSI in overbought territory - Stochastic and RSI hidden divergence (bearish trend continuation) entry - below inside bar stop loss - above mother bar (above previous high test bar) target - previous swing low at ~0.7830, or lower
Short
by amanpaulbhogal