UBER Set To Drop Based On DivergenceUBER is set to drop based on MACD trends and bolliner bands showing sell signals. Elliot wave analysis also shows a down trend detected in wave 3 which is set to further decline. UBER should be sub $25 by the end of the week based on these trends. Great shorting opportunity.
Macdivergence
BAC short - Looks like a RetracementSeveral indicators point to a retracement:
-Divergence in histogram (yellow line)
-RSI touched overbought zone and crossed downwards
-ADX tightens and has plenty of space
-MACD deathcross
For retracement i inserted fibonacci. But use your own strategy to get out. (f.e. partial TP or shifting of SL downwards on the way down could be good because the move downwards could become powerful these insecure times).
SPY Reversal ShortSPY has retracted to the fib level of the mid August to mid October downtrend.
IT has stalled at the .618 Fib level while the MACD and RSI indicators are
showing bearish divergence. All in all this foresees an end to the bear market
rally. This seems to be a good entry for put options with near term expirations.
Stop loss of 5 and targetting the Fib Levels of the retracement down from
the uptrend that followed Covid in April 2020 through 12/25/21.
BAJAJ FINANCE DETAILED MACD ANALYSIS!! DISCOUNTED NIFTY 50 STOCKin this idea i will be explaining you the MACD analysis done by me. but firstly let me run you through the chart.
THE TREND LINES:
RED LINE: its the trend followed from past several years before the 2020 crash.
DARK BLACK LINE: it is drawn out from the market getting consolidated and from the bull rally post the corona's crash. its the actually trend which should be followed by the stock at present. this helps to determine how much is the stock discounted by.
BLUE LINE: this are the short term resistence followed by the stock.
EXPLAINING THE MACD ANALYSIS:
THE DARK GREEN sticks represents a bull momentum
THE LIGHT GREEN sticks represents the stock correcting, after having several dark green sticks
THE DARK RED sticks represents a bear momentum
THE LIGHT RED sticks represents the stock having an impulse move after the correction, and coming back to its original trend.
MACD ANALYSIS DONE IN DETAIL:
i have wrote down some numbers on MACD explaining my analysis(be with me till the end).
based on the numbers i will be writing the points:
NUMBER 1 REPRESENTS: the macd being always been in the green stick(light and dark), representing having a bull rally and a correction after it, but staying within the trend.
NUMBER 2&3 REPRESENTS: the 3 dark red sticks, showing the 2020 crash. now, since it has to be valued right, the minor red sticks showed an upward momentum to bring the stock again in its original trend.
NUMBER 4&5&6 REPRESENTS: the bull rally post the crash, and the correction followed by it. NUMBER 6 is also a major correction because of MAJOR FII STAKES SELLING.
NUMBER 7 REPRESENTS: a small momentum gained by stock after NIFTY 50 finished correcting, and had a bull rally(dated- 20th of June). and even including the stock split news. but this smal momentum had broken the blue trend line, showing a breakout, and a bullish sign. but from past 3-4 months the stock is following lower highs pattern, and it has sent to its previous red line trend. some possible reasons could be said, one of such could be current market conditions.
THE CIRCLED PART(in macd): but finally a red stick shown, had made me to think that instead of breaking the lower highs pattern, the stock is falling majorly, and reaching its greatest support of trend line(6560).
(average macd been followed by the stock was 90, and post corona it should be around 110.)
RSI:
the overall rsi indicator is slowly falling, showing that stock may not be moving as it was moving much before. but this can only be conformed seeing the sector growth.
WHAT AM I DOING: i will wait till the stock reaches bottom, and then start keeping a keen eye on its price movements, if its starts going up, i will make 3 positions 6560, 7300 and 8150(based on the patterns and trends). if falls, then cant tell, but one could then tell the stock is much undervalued. but this will pretty much not happen because NIFTY FIN SERV index, to needs to go up for a long. and same is for this stock.
THANK YOU FOR STAYING TILL LAST. I HOPE YOU LIKED MY ANALYSIS:)
TRXUSDT - Long Position Looking at the chart we can see a double bullish divergence pattern on the RSI and the MACD.
For the entry wait until the price has reached the entry point shown in the chart.
We expect for the price to go up and hit the targets.
All the details are shown on the chart.
Goodluck
SANDUSDT - Price action UpdateHi there,
So many were calling for shorts and few were calling longs but in real what's gonna happen ? Well my answer no we can't say the least we can do is predict the possibility of happening but we can't sure it's gonna happen. So without any confirmations in price actions of the assets never take a trade based on the predetermined decisions, one must able to make decisions instantly according to changing conditions to be a successful trader.
Moving to analysis, here we are on SANDUSDT chart, what's the idea....
Well it's pretty simple the previous upward moment had been rejected from the resistance zone which is at $0.7941, so can we open short? well not so soon, let's draw out some pivot conditions to conclude our decision.
Volume : Well from the last three days the volume has been pretty much increasing and ofc volume during the rejection from it's resistance is also high.
RSI : well it's been in nice uptrend from the past three days, it oscillated between the range 40 -60, so it's too early to open short.
MACD : we can observe the downward strength is slowly decreasing, so yea definitely it's not the time to open short.
Resistance : $0.7941 has been acting as strong resistance unless it's got broken, we can't open long too.
Intraday Trade :
LTF - 5min : there's a pattern formation called descending triangle with local support $0.7671 - once it's broken we can open the short placing the target at $0.7948
Conclusion :
It's too soon to open short position we need to wait until the price heads to the range - $0.7845 to $0.7941 and got reject from there which is likely or to break the local support at $0.7671, so that we can open short. And if the resistance is broken we can draw constraints accordingly to go for long. Wait until the confirmation....Stay connected for updates and if any doubts comment in the comment section
Sushi - Bearish Divergence 4HSushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
A last chance for the Euro ?Under the US dollar pressure, EURUSD has been making lower lows and lower highs recently. However, RSI on the monthly chart is oversold for the 3rd time in this century.
MACD is showing bullish divergence on multiple timeframes, and the EURUSD on H4 has just achieved a higher high this time with 5 impulse waves: the ABC correction is clear on the chart, wave C is nearly around 0.76 to 0.8 fib retracement. With today's good news on euro CPI and core CPI (higher than expected for both), we can give this currency a chance to retest the end of impulse wave 5, or even to make a higher high.
Stoploss can go below the impulse wave 2 for some people, or below the lowest low (the beginning of the impulse wave).
Note that on a long term perspective, USD is still stronger than EURO, we will just give eurusd a chance after the new high we saw lately.
Goodluck everyone,
Joe.
update on Sanofi, very bullish!!!1. rsi going up
2. macd about to cross its lines
3. price getting consolidated
4. correction waves are done
5. volume increasing
i have no reason why sanofi will fall.
one can take trade during this time, and do swing trade TARGET- above 7800.
one can even go long term, as this is the most bottom part of Sanofi, and you will getting benefitted later.
BUY AND HOLD.
TCS touched its bottom, NOW go bull!!tcs has touched its bottom, as you can clearly see in the chart.
i have even said about macd which is also saying to go bullish.
previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up.
tcs consists of about 25% of nifty it.
TARGET- 3800, TAKE A LONG SWING TRADE.
Crude Oil bearish signalCrude Oil seems to be about to break its demand zone and price will fall down to create a new demand zone. The MACD indicator shows a bearish divergence as the MACD line makes lower lows but that falling price action is not reflected on the price of crude oil, giving us a clear bearish indicator.
Bitcoin is going down!It's been a while since we analysed Bitcoin.
Bitcoin is showing bearish flag from 17th of June 2022, it reached his minimum now in this flag and in case breaking down the price can be sharply dropped to the first visible support at
17 000 (never threat this a precisive price) zone, i would like to warn that this is a 17k ZONE, that can vary for some percents.
If breaking down won't happened (what doubtfull), the price can continue to slow growing up with periodically testing of bottom line of this flag still reach 30k zone where will be
decisive zone.
Feel free to discuss my idea.
Weekly MACD BTC flashes Bullish SignalLooking back the the last three cycle bottoms (assuming we had put in our all-time-low recently) it appear the MACD is showing a repeating cycle pattern.
Crossing down into the ATH then flashing a false bullish signal only to then cross up over and initiating a bullish period.
However the all-time-low seems to get retested so a second possible entry point to buy was given the last two time, while you would have missed out on a 2-3x set.
And we have a MACD divergence (MACD showing upward trend while BTC is tracking down) [I did not mark that on the chart explicitly.
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Bitcoin long-term view - bottom after MACD divergenceBitcoin long-term view - bottom after MACD divergence
Looking back to 2014-15 and 2018 we had a huge bullish divergence with lower lows on price chart but higher lows in MACD histogram
A further confirmation can be found by a higher high on MACD histrogram after the MACD cross - called valid bull point in the chart
Will history repeat dear Crypto Nation?
*not financial advice
do your own research before investing
Important price points for TASI 1214 Shaker WeeklyTASI TADAWUL:1214 1214 Shaker
After target reached for 1st bearish flag and near 2nd bearish flag a divergence using RSI divergence strategy as shown on previous post.
Updated Logarithmic and Fibonacci Multiples with possible targets are indicated on the chart.
MACD and RSI points are also indicated.
Current price 20.84 is at center point of the horizontal channel.