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Rsi_divergence

YINN China Leveraged 3x Bull Setting Up Reversal ShortYINN the China Bull EFT has uptrended dramatically of late however it is far extended above its moving averages while the RSI indicator shows decreasing strength as a divergence. Price rise is hitting the resistance of the POC line of the intermediate-term volume profile where sellers will step in and invoke selling pressure in a triple top making the resistance strong. I expect it to drop now and perhaps dramatically,. Inversely the YANG ETF, a bearish leveraged fund will rise. By a Fibonacci analysis, a 15% drop is expected before another inflection. Accordingly, I would set up a stop loss of 3-5% on the short swing trade setup .
AMEX:YINNShort
by AwesomeAvani
RAD bullish pattern repetition?Similar pattern formation to Jul and Oct 2022. High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range. MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50. More peaks above 80 in Stochastics can help support the bullish thesis. Assumption is a Q3-2022 pattern repetition. A bullish engulfing candle is expected but is a lagging indicator on such a chart. It can be used as a trend confirmation.
RLong
by ashpat86
SPY Consolidation going into expansionGreat time to start trading based on the expansion direction of SPY in the coming week. Using RSI and Fibs, along with candlestick patterns, there are potential patterns to emerge from this. Currently loading up on Calls for 3/31 $410 Starting small position in 2/17 $350 Put Will trim and add based on the expansion momentum next week. Using 15min RSI diversions and min max levels to load and trim corresponding options. Expecting SPY to retest $400-410 zone, then test $360-330 zone before starting new bull wave.
CME_MINI:ES1!Long
by ttovmasy
Bearish Divergence on GoldPossible short on gold . Looks like market is respecting the 1820 key levels. Sell: 1815 SL: 1825 TP: 11797 RR: 2R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BLACKBULL:XAUUSDShort
by PropTradePros
Bullish Divergence on CADCHFEntered long on this bullish divergence on 1H timeframe. Buy: 0.68139 SL: 0.67714 TP: 0.68731 RR: 1.3R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by PropTradePros
2
Bearish Divergence on GBPCADSpotted this short trade for GBPCAD. Prices are consolidating & respecting my key levels. We are in in this trade. Good luck. Sell: 1.63438 SL: 01.64194 TP: 1.62131 RR: 1.7R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by PropTradePros
PIDILITE INDIA, ANALYSIS!!a monopoly stock, with great returns in a year, is the greatest thing to have. a detailed analysis is written down: firstly , the red trend, is the original trend past corona crash. now since the markets had become bullish post corona crash, it has formed a new trend, and that is drawn by dark black line. the red line resistance, has now become support of stock. after the rally, markets were consolidated, and the stock was moving sideways. then came the june- sept rally 2022, since then markets got consolidated, and became volatile. since then from 3 months, stock is forming a good traingle pattern, there could be a breakout. moving to next point, since the stock is bottom of its trend, this makes sure that is in its support zone, a good pullback was show today. RSI ANALYSIS: average time of stock's rsi moving is from 50-70. currently the stocks rsi is 50, this says that unless there is a bear market for pidilite, the stock is bottom off. this again shows a bull move, coming. i predict that, if volume not supporting the price, and if INDIA'S bear market for shorter term, continues, stock could fall further, but since the stock has been mostly bottomed out then if stock started showing a positive move, then one can take some swing positions, and may exit around 2800. if it breaches the 2600 support of traingle formation, then i see downside till the 2500. i hope that stock would move about 7% upward.
NSE:PIDILITINDLong
by raghavchoudhary2016
NIFTY ENERGY, FALL OF 13%this fall could take a bit more time, then drawn on chart, but from chart we could clearly see that nifty energy is overvalued. in all time frame, the rsi currently is at 60, the average, or the mostly rsi being in the chart is around 50. although, it has been falling, and yet following a triangle pattern. there could be a downside, fall. the dark black line is the trend, which is drawn from 2004''s trend till its ATH. the trend should be followed by the indices. adani stocs could fall, they have made the index to go a lot upside, in the short term, there could be a lot volatility, and in coming months, the index may falling by 13%. reliance is somewhat discount(weightage- 35% in nifty energy), NTPC also fall in a good amount. in 5 year time frame, rsi is also showing a good trangle pattern. if any breach on downside of support, will result in start of bear market, for nifty energy. i am saying volatile because reliance is discounted, NTPC, could go up by 5-7% then fall, and adani stocks are rarely unpredictable, so this may cause the index to move up-down, causing volatility, but in longer term, it looks overvalued, and will fall about 13%.
NSE:CNXENERGYShort
by raghavchoudhary2016
UNIUSDT 4H Interval- Targets and StoplossHello everyone, let's take a look at the 4H UNI to USDT chart as you can see that the price is moving below the uptrend line and we are still below trending as well. Let's start by setting goals for the near future that we can take into account: T1 = $5.53 T2 = $5.72 T3 = $5.89 T4 = $6.04 and T5 = $6.26 Now let's move on to the stop loss in case the market goes down further: support zone from $5.44 to $5.14 SL2 = $4.28 Looking at the CHOP indicator, we see that the energy is heavily depleted on the 4H interval, the MACD indicates a local downtrend, while the RSI is at the lower end, which could potentially indicate upcoming increases.
by cryptodailyuk
1