#forex #usdcad #buy#USDCAD #BUY
#The price has formed a classic W data return pattern and the indicator has diverged at the price floor, and the 30 area indicator has penetrated upwards.
#SL:1.34183
#TP:1.37178
Rsi_divergence
ZILUSDT - Zill showing some up-side potentialZIL recently broke out of a downwards trendand is currently finding it self in a upwards channel looking to retest the bottom of the range allowing for a potential entry point. Looking at the 8-hours and 1-day RSI, ZIL touched the bottom of the range resting the RSI and now pointing upwards showing upside potential. This could possibly allow for a entry and buy opportunity.
A simple RSI Point Of ViewAnalyzing RSI Divergence in US30: Is a Bear Market or Crash on the Horizon?
The Dow Jones Industrial Average (US30) is a key indicator for global markets. Recently, a warning sign has emerged with a divergence in the Relative Strength Index (RSI) observed from July 16, 2024, to September 27, 2024. This divergence, along with high trading volume, raises concerns about a potential market shift. Analysts are comparing this situation to past financial crises, leading to questions about a possible bear market or crash.
Understanding RSI Divergence in US30
The Relative Strength Index (RSI) measures price momentum. A bearish divergence occurs when prices make a new high but the RSI does not, indicating weakening momentum. Between July and September 2024, US30 showed this divergence: prices reached a higher high, but the RSI formed a lower high, suggesting a loss of buying strength and potential price declines. Additionally, the daily chart shows a lower high in US30 price and a higher low in the RSI, reinforcing the notion of weakening upward momentum.
Is a Bear Market or Another "Black Thursday" Looming?
The current divergence in US30, along with historical comparisons, signals warning signs. However, it remains uncertain whether this will lead to a bear market (a sustained decline of 20% or more) or a major market crash. Several factors could influence the outcome:
- Macroeconomic Conditions: High inflation, rising interest rates, and geopolitical tensions may exacerbate the divergence.
- Investor Sentiment: Panic among investors could lead to increased selling and sharper declines.
- External Shocks: Global events like financial instability or political turmoil could further destabilize the market.
Conclusion and Daily Chart Analysis
The RSI divergence in US30 from July to September 2024 is a significant development that warrants attention. The daily chart reveals weakening momentum, with a lower high in price and a higher low in the RSI, indicating a higher risk of market correction or downturn. While it is uncertain whether this will lead to a bear market or crash, traders and investors should stay alert and consider adjusting their portfolios.
This is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level:
Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal.
Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control.
Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs.
Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand.
Trading Plan:
Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone.
Stop-Loss: Set a stop-loss above $628 to manage risk.
Target: The primary target is $472, with potential for further movement depending on market conditions.
Remember to manage your risk appropriately, as market conditions can change quickly.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.
Use the SMA crossover as the trigger for direction change.Use this with SPY or SPX to identify direction. When the RSI crosses below the SMA you would initiate a buy Put option or initiate a Bear Call Credit Spread. If RSI Crosses above the SMA you would initiate a buy Call option or initiate a Bull Put Credit Spread. This is not financial advice it is what I do!
SMH fails to break through resistanceSMH rallied to key resistance and failed to break through. Gapped down next trading day. Looking to make another attempt at the resistance.
SMH gapped down with volume after failing to break through
started to recover as smart money took over in later day trading
RSI is now below its SMA smoothing line
If this pattern holds trying to break through we may not see selling off with volume until we reach trend support
PLTR trades on the high end of its rangePLTR shows the recent rally could be reversing soon
Currently trades high within its range
If stock breaks above its upward trend that would be a great time to get out
Volume consistently decreases as price increases, this create disagreement in the trend
RSI also shows divergence by declining as the price increases
We should expect PLTR to sell back down to lower point staying within its trading range to the low $30 range.
MANA BULLISH divergence at support level!!MANA/USDT bullish divergence at support level
Will this break the downtrend and make a move up?
Awaiting break and retest at 0.255
SL 0.244
TP 0.28
BLUR - 3D bullish divergence I will keep it simple for this one. There is a bullish divergence forming od D3 for BLUR, both on RSI and AO. The same divergence formed on CRV a few days ago, and CRV pumped 20% in a day shortly after, making it one of the best performers of the day/week.
The fact that both RSI and AO are forming the same divergence is a plus In addition they are forming on very high time frames, which is usually a good sign it just means it might take a bit longer to play out.
Entered at 0.157, which is also a big support level.
Target is range high at 0.22ish
Happy trading
SCGP - TFW Wave Target Reversal Projection - Bull Trap A potential bull trap scenario with one more wave downtrend.
1. First correction - Extended flat ABC
Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A
2. Complex triangle ABCDE pattern
3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retracement at ma50w, creating a false breakout signal before final wave 5 downtrend.
RSI at the lowest position - no bullish divergence trend reversal signal support
Dogecoin Long $0.1080 to $0.11 and TP $0.36 Before ChristmasI firmly believe that Dogecoin is oversold on the 4 hour and daily timeframes. This is the 2nd accumulation for longs, with target take profit of $0.36 before December, 2024 Christmas time.
My first trading idea from the $0.068 to $0.2145 range already filled successfully. This is our second big entry now for the swing traders.
Elon Musk Optimist robots could net $200T in revenue over the next few years, and with the November election swinging in I see plenty of room for Dogecoin memes to conquer the X platform.
Remember, Elon Musk could always post a picture of a Dog and the price could run up over 5 to 10%.
BINANCE:DOGEUSDT
NAS100 Sell IdeaFX:NAS100 has seen a massive sell off day after making record all time high. It has formed a bearish divergence and broken the last Higher Low indicating continuation sell off. We can wait for its retracement up to premium fib levels of 50% and look for selling opportunities.
Long zomatoRSI breakout happened. ALready in trend.
Keep your eye for levels are marked in the chart.
Zomato looking promizing. can buy for long term as well. Earnings realease in a week.
NASDAQ 100 Analysis!NASDAQ:NDX Analysis on a 4Hr Timeframe!
Double Bottom/M Pattern Formation in NASDAQ100!
RSI Divergence in NASDAQ100!
Evening Star Candlestick Pattern at Resistance Level!
I have done all Analysis on the chart please have a look!
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
EOS (EOS): Looking For Rejection And Movement To Lower ZonesEOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones.
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
LINK - Bullish DivergencesBIST:LINK - Printing Multiple Bullish Divergences while reprinting a 2nd Wave Fractal
RSI divergence| Inverted HammerThere is formation of invesrted hammer pattern and also there is bearish divergene in stock.Today look like a conformation candle anf lets see where it goes from here.
USD/JPY: Overbought or Just Taking a Breather?Following the Bank of Japan (BoJ) maintaining its overnight rate between 0.0% and 0.1% and announcing that a bond-taper plan will be delivered at next month’s policy-setting meeting, the Japanese yen (JPY) and yields traded southbound.
Technical View Supports Buyers
Technically, the USD/JPY is an interesting market. In the long term, the trend is unquestionably to the upside, visible on both monthly and daily charts. Having said that, upside momentum has slowed, as shown through the negative divergence on the monthly chart’s Relative Strength Index (RSI) and daily action testing the upper edge of the 50.00 centreline.
Structurally, monthly support is seen from ¥150.80, and the channel resistance extended from the high of ¥125.85 was retested as support in recent months. ¥160.20 resistance (high from the 1990s) remains a logical barrier to note overhead, though, through the daily timeframe, active resistance entered the fray on Friday at ¥157.81: the last technical line of defence before opening the door to daily resistance at ¥159.88.
Where does this leave price action in the short term (H1 chart)?
Following a run on stops north of the big figure ¥158 and a subsequent retest of ¥157 (which held into the week’s close), resistance is now a concern at ¥157.37. Should offers be cleared at the aforementioned level, ¥158 could call for attention once more. In fact, given the lacklustre response at current resistance on Friday, this resistance echoes vulnerability and a breakout higher in early trading this week should not raise too many eyebrows.
H1 and Daily Resistances Eyed for Bullish Cues
Based on the above analysis, a breakout above H1 resistance at ¥157.37 could trigger short-term buying towards daily resistance from ¥157.81. Assuming a daily close above the noted daily resistance, this would place ¥158 in a vulnerable position and unshackle things for further breakout buying.
ALB falling wedge - short then long?Starting from a weekly timeframe a falling wedge nearly 7 months in the making is observed on ALB charts. Notably the wedge formation appears beside rising momentum, drawing the supposition a price bottom could be forming.
Considering trades, the question is whether a breakout is imminent or if the price will break down once more to retest the bottom of the wedge. Drilling down a 4 hour timeframe provides some insight. Has momentum failed to reach overbought, portending a drawdown? It could also be we're waiting for the final push of the current thrust...
Overbought on the 4 hour chart could be nice for a couple reasons
opportunity for short term short position (buy PUTs)
setup to sell PUTs/buy CALLs at the bottom of the wedge, especially if momentum remains in an uptrend on longer duration charts (weekly, monthly)
I recently traded the bottom side of a wedge on UNG, could there be a double trade opportunity on ALB? A drop first, then a big push through the top of the wedge?
Long on WardwizThe company is heavy in EV mobility. The financials are good. Recently got a big order hence the price is up!
Lookout for sustainable price. If it sustains the same price or goes up.
Rsi breakout is done. Levels are marked. Can take trade!
Apple’s AI May Not Be Enough to Spur Another RallyThe tech giant unveiled highly anticipated generative artificial intelligence (AI) features for its devices and turbocharged its voice assistant Siri, which can now take cross-app actions. The new functionalities will be available with the next operating systems (typically rolled out in autumn) in the most recent devices capable of handling the heavy workloads. The AI features could generate excitement around Apple’s products, get people to buy the latest devices and reinvigorate its sluggish sales.
Apple’s stock registered a relief rally in May, largely due to optimism about the expected generative AI announcements, now being at striking distance of new record (199.62). AI is expected to fuel a recovery in the smartphone market and could help Apple’s top and bottom lines if done right.
On the other hand, Apple’s entry to the AI arena is late, far from groundbreaking and mostly a catching up exercise. Its lack of innovation along with other factors have hurt its sales, which have shrank for five of the past six quarters. Monday’s announcements may not be enough to sustainably take revenues out of contraction and drive the stock higher.
AAPL dropped yesterday as markets appeared underwhelmed and the RSI’s divergence lower could lead to a pullback towards the EMA200 (black line). Daily closes below it however that would pause the bullish bias have a higher degree of difficulty.
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Past Performance is not an indicator of future results.
AUDNZD - Bullish ReversalAUDNZD on 4 Hrs chart shows the divergence with confirmation of double bottom. Entry at previous HH (trend break).
ADAUSDT - Possible breakout of resistence on 1h TFIf we close bullish candle above resistance, then successfully rest our resistend we can expect higher bullish movement, who can give us good opportunity to long position with reasonable RRR. But for this idea we need wait little bit for multiple confirmations as mentioned.
