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Macdivergence

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:)
NSE:BAJFINANCELong
by raghavchoudhary2016
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
by Livermore_Jr
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.
Short
by crypto_angelz
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.
Long
by joe-abdallah
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.
by jiliiistars
4
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
INDEX:BTCUSDLong
by CarpeMomentum
The Impeccable by zyberalThis strategy works differently than others, it uses the IchimokuTenkan, Kijun, and Senkou periods to compute a general sense of market trend. Then I used the MACD fast, slow, and smooth with custom inputs to compute a optimum cross for finding macro bottoms and tops for any asset. This strategy doesn't trade on weekends and does not have a set TP (take profit) for each long or short. This strategy is invite only, please comment down below and follow me for access. Enjoy!
TVC:NDQ
by zyberal
8
GBP/USD - Wait For A Break, Close & Retest Of The Channel TopHi Traders, Today we are looking at trading GBP/USD on the 1-hour time frame. We can see that price reached a high of 1.228 and then slowly began its fall bouncing between the bottom and top of this descending channel. We have had two taps on the bottom and four taps on the top. I have put little arrows to show exactly where the price has been touching. I always look for a minimum of 2 taps on either side to confirm a channel. I also look for price respecting the middle line of a channel that helps to confirm a true channel as price always seems to treat the middle line as some sort of Support or Resistance. We can clearly this happening on the chart. So, now that we can confirm that this is a downwards channel, what should we be looking for? Well, we look for some sort of bullish divergence on the MACD. We look at the histogram as well as the MA Lines. Looking at the histogram, we can see that price is sloping upwards. I have drawn an arrow to show this clearly. This tells us that the volume of sellers is weakening and buyers should be stepping in at some point. Looking at the MA lines of the MACD, we don’t see this as yet. So, we have what we call partial divergence. Now, we are waiting for a break from the channel top. We want the price to close above the top of the channel with a clear break and close. If we see that, we can then wait for a retrace back down to the top of the channel before opening up a long position targeting the previous high of around 1.228. This is how we trade Ascending and Descending channels. We want divergence showing a possible change in trend, a break and close above the channel, and then a retrace back down to the channel top before entering into a long position. These patterns work extremely well when we have full divergence as confluence. It works just s well with partial divergence but as it's only partial divergence, I would not class it as an ‘A’ grade setup. This means I would class it as a ‘B’ or ‘C’ grade setup, which means I would not risk my usual amount on this position. I would risk less as I know the probability of this setup performing well is not as strong as a setup with full divergence. As most of you know, I am a swing trader and I look for setups on higher time frames. However, when I am in front of my charts and I do have the time to trade shorter time frame setups, I will take advantage of that. Hope you all have a great Wednesday. The Vortex Trader.
Long
by TheVortexTrader