Rsi_divergence
GOOG - bullish divergence on weeklyHowever, any near term bounce is likely to be short term (ie bear rally, lasting 2 to several weekly candles) as overall direction is still down for now.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TSLA EASY SCALPING IDEA (little risky) $$$TSLA is oversold on the RSI, and we may see a lot of buying pressure this week to close the gap we made today. Looking at previous RSI bounces, we bounced off levels 29-30 twice recently, so it is possible we bounce back when the RSI reaches around 29 - 30. Please keep in mind that my outlook on TSLA remains bearish, but it is more likely that we may see bullish price action in the short term
S&P 500 RECESSION ANALYSIS!1. LOWER HIGHS-LOWER LOWS: price action says the actions or pattern formed by the price itself. and the people who trade in the stocks makes up the demand and supply. therefore, this affects the inflation, and there could be a major correction, if recession is announced.
2. 3200 level is getting support by FIBONNACI RETRACEMENT(0.618 AREA)
3. RSI ANALYSIS: first i thought its a rsi divergence, but it looks like rsi is yet not completed its action fully, if the markets falls further, then RSI will correct itself, and will go in the around 22 level. to make my point prove, i have drawn one more resistance line, showing RSI's resistance towards it.
the arrows what i have drawn in RSI, is to say whether it is a pullback of RSI or not, but to say so, it does not looks a like.
4. DEMAND ZONE: after a recession, the next phase is depression or expansion. it does not looks like, US markets will face a depression, so i will go with the 2nd option itself(expansion), which is also know as demand zone. so the indices will enter the demand zone, which says that markets would have reached its bnottom, and can have a fresh entries.
5. FIBONNACI RETRACEMENT & WAVE THEORY: supporting the wave theory with the fibonnaci, it looks greatly the index is supporting the fibonnaci levels, and thus forming a good corrective waves. the 5th looks way clearer, and no need to comment on it furthermore.
FINAL STATEMENT:
hence concluding my analysis, if theres a recession being announed, S&P will reach 3200 LEVEL. AND MY STATEMENT WILL THEN BE CONFORMED IF THE INDEX WILL ENTER THE LAST AREA OF FIBONACCI, AND GOES BELOW 3500(GOING TO TOUCH THE BOTTOM OF DEMAND ZONE)
Sell EURJPY for 300 pipsThe market has been crazy this week. It has been one way traffic and we finally get a chance to trade on Thursday morning.
There are a number of sell opportunities but we have chosen EURJPY.
1) The trend is down.
2) H1, M30, M15 is OB
3) Divergence is present.
4) No harmonic pattern though
This would mean stocks in Asia will drop this morning.
📉✌BTC 3OMin Short Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first take a look at my previous analysis and positions.
💥Three Drive pattern💥
between now and the yellow area, you can open a short position in two or three steps.
If the price falls and reaches the TP1 level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Bullish BTC RSIOver the last 6 years $BTC has bottomed 13 times on RSI. Of the 9/13 times x+30 has been positive with an average return of 18%. As long as there’s no Russian military conflict in the next couple days, I expect a positive return before 10/03
Date RSI Bottom x+30
1/15/16 27.26 13.63%
8/15/16 26.66 8.72%
9/14/17 29.96 31.34%
2/5/18 26.96 33.67%
6/13/18 26.96 -1.23%
11/8/18 10.77 -16.99%
9/26/19 20.66 14.48%
3/12/22 15.87 41.42%
4/25/21 31.6 -21.91%
5/19/21 22.76 -2.53%
1/7/22 28.76 2.13%
5/9/22 24.56 0.25%
6/18/22 20.06 18.30%
8/28/22 29.66
$TRB - Double Bullish DivergenceHello my Fellow TraderZ,
$TRB is ranging inside a FALLING WEDGE Pattern on 4 HTF.
I've mentioned here that the Double BULLISH DIVERGENCE is in formation on 4H RSI.
Price is just getting hit by EMA 55 if clears and breaks out of the Wedge Pattern, we can see the mentioned targets.
Also if we lose $14.7 , look for SHORT,
Trade well FAM. CHEERS!!!
AUDNZD testing a monthly resistanceAs AUDNZD approaches a monthly resistance zone RSI shows bearish divergence on multiple scales from weekly to H4.
It is forming on lower timeframe (H4) a triple top, we can sell after a big candle close below the neckline till the next support.
Be careful, until the sell activation, AUDNZD can still be bullish breaking the resistance.
Goodluck,
Joe.
AUDCAD Next MoveTechnical Analysis Chart Update
AUD / CAD ( Australian Dollar / Canadian Dollar )
Time Frame - H2
BULLISH CHANNEL and Rejection from the Upper Trend Line #UTL
Resistance from the Demand Zone
Selling Divergence in Long Time Frame #LTF
Impulsive wave " BULLISH " completed it will now Follow Sell Trend to complete its Correction