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Rsi_divergence

SPX - bullish divergence (short term bounce next? )SPX closed with a small pin bar on huge volume last Friday, coupled with a potential bullish divergence between price and RSI (daily chart), it Looks like we can expect yet another bounce soon. However, divergence usually result in a short term reversal (lasting 2 or several candles) and may not translate into a longer term trend reversal. The last 3 weekly candles of SPX has formed a broadening "pennant", a pattern that signify a market that has been highly volatile with little to show in direction in the last 3 weeks. So while we may expect some bounce next, it is probably just more whip saws in the near term, especially when most of the market leaders (mostly the MAANGT stocks are still weak (except perhaps NFLX and TSLA) aren't showing signs of having bottomed yet. While there may be some stocks that have started to break up from base formations, only a handful are able to successfully trend up without too much volatility. Let's wait for S&P be able to rise above the longer term resistence line (red) eventually, then perhaps we will have a more sustainable market recovery. Meanwhile, stay safe. 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!
SP:SPX
by Juliac
20
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
RVNUSDT Analyze (ETH Merge soon Launching)!!! 🧐 I think something special is happening here to Ravencoin (RVN) , but please don't get FOMO. Of course, the good news for RVN is that there is the launch of the Merge tomorrow 2022-09-15 at 6:00 UTC in approx 13 hours frome now. But as it has been hyped since weeks now ETH could crash after the launch. RVN will be one of the only coins profitable for GPU mining so people are expecting a rise to happen here. We should expect at least a correction after the strong upward trend that it had in the previous hours. RVN Analyze ( RVNUSDT ), Timeframe 15m ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe. Cheers!
Short
by znakosaur
BTC from an RSI Viewpoint.A look at BTC on a higher timeframe from an RSI viewpoint. 3 Day Chart - RSI Settings (length = 21, MA = 21). Things are getting interesting! We have broken the RSI Downtrend (green) but are also sitting right at the previous broken support. (red line - previous break downs in red crosses) This line has been major RSI support since 2019. We currently have some hidden bearish divergence and have hit the 0.618 of the previous move down, meaning it's likely we're due for a retrace here. Using the broken RSI trendline as our support, we need to hold 19500 to have a bullish run. (Green line on chart - This also lines up with the 0.782 so could be a deep retracement) In regards to future resistance, breaking up through the red line will have us in the all clear and the next line of major resistance on the RSI is 25,900 on the 1 Week Chart ✌🏼
BITSTAMP:BTCUSDShort
by TinyTtrades
2
Triple divergence of the weekly RSI on US Dollar Index Triple divergence of the weekly RSO in the US Dollar Index ahead of the US CPI and the FOMC points to a significant loss of upside momentum, we would allow for the possibility for the market to mean revert to its 20-week ma at 105.76. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
ICEUS:DX1!Short
by The_STA
3
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
EURJPY SELLCONFIRMATIONS - Price moved very heavy to the upside without any real major economic moves, I believe this happened for a major sell of for tomorrow. - Waiting for price to hit my fibonacci retracement to enter for a sell. - Big news coming out tomorrow. Main refinancing rate, monetary policy statement, and ECB press conference. - Price might not go as low as i'm expecting on my fib because I do think it is an uptrend but were are about to have a major correction. - Waiting for moving average to go under price. - Waiting for candlestick confirmations (shooting star, inverse hammer, double tops, and lastly a doji to confirm pattern reversal. - Price is completely overbought on my RSI indicator, which is a good sign price will fall.
Short
by KairosTrades