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Rsidivergence

VIX UVXY Reversal PatternQQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release I have charted the VIX as a ratio with SPY. IA down trend is persistent. The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength as well as a dropping score on the Choppiness indicator both point to a reversal. I will play this with call options on the UVXY ETF expiring on September 19th hoping to 2X the trade with little given that the macros will hold up or raise UVXY as a bear market rally may stagnate or burn out. What is your option?
TVC:VIXLong
by AwesomeAvani
27
CRVUSDTPERPHello my dear friends In the lower time frames, we do not have a signal to continue the upward trend, on the other hand, we have the negative divergence of the RSI. We have reached an important range, there is even a possibility of consuming all the orders in this range. But the probability of entering the $1.62 zone!?!?! I do not think .... If the current trend falls below the price range of $1.126, the possibility of a decrease to the range of $0.981 and $0.697 is high. Don't forget, the bullish channel was maintained on the higher time frames. As a result, the blue zone ($0.697) and the yellow zone ($0.648) are very important for us. We would be happy to hear your comments
Short
by FiboTech
MATICUSDTHello my dear friends Previously, we had a shopping analysis together and according to the analysis, we also ate Target (; As soon as we reach the target range, we updated an analysis on the previous analysis, which we expect to form a corrective trend. Our correction process is not yet complete. If the range of $0.8891 is completely consumed, we expect a reaction in the range of $1.0032. It seems that we can make a good profit by observing the specified loss limit. We would be happy to hear your comments.
MShort
by FiboTech
1
How to trade intraday pullbackHello friends, Market finally picked a direction and it looks like it's gonna continue downtrend. Many novice traders are long biased and they find it very difficult to trade in down-trending market. Today, I am going to share a simple strategy for making quick gains by trading pullback in a downtrend. Below is a chart of NASDAQ:AMZN in daily timeframe. You can see that price is in a downtrend. Below is 5 minutes timeframe chart of NASDAQ:AMZN . You can see that above chart fulfills all the rules mentioned below. For this trade, Risk to Reward ratio is 1:3. Checklist - 1. Price is making LL while RSI is making HL - Bullish Divergence(highlighted in the chart) 2. RSI is below 30 - Price is oversold 3. Price is showing signs of reversal - Long lower wick candle(highlighted in the chart) 4. Above three confluences occurs during the first 1.5 hours of market open before market goes into mid-day chop 5. Risk to Reward ratio is at least 1:2 (shown in the chart) Entry - 1. Enter at the next candle open after reversal confirmation Exit - 1. Set Stop-loss below the recent low 2. Set Target at the first resistance
NASDAQ:AMZNEducation
by PriceActionTrader1
1
MOMENTUM DYING ON BTCUSD BUT MORE UPSIDE TO COMELooking at BTCUSD here we see momentum dying out on this grind up as noted by the divergence in both MACD and RSI on the 4hr. I personally don’t think this move is over, as we didn’t see a retest of the May breakdown at 25374, and have yet to see climatic volume and price action that would normally indicate the last hurrah. Also looking on the Daily (see below), the RSI has yet to enter overbought territory, a further clue that perhaps we still have higher to climb. I am looking for a possible pullback to the resistance wall from 20800 - 22500 region, which would be a fib retrace from 0.382 - 0.618, before having another run for the top.
INDEX:BTCUSDLong
by illuminiF0x
Do not listen blindly to the Top Callers on SPX (SPY)Plenty of experts on Twitter were calling for a top in SPX today as it rallied up to the daily 200ma. On SPY there was a market dump that can be seen on the 5-min chart today (after 2pm). However there are two points of caution for immediately jumping into swing puts: 1 - price has yet to touch the light blue downtrend line, which would be around 4335-4340 2 - RSI is still elevated without divergence (green oval), which often occurs at major turning points The yellow zigzag shows a possible pattern that would also create bearish divergence with RSI. Upon hitting the daily 200, first round of sellers come in and market pulls back to 10 or 20ma. Buyers return and move SPX up the blue line, and that's when the downturn really begins. Note that I am sharing the possibilities that I see, and I am not married to any one idea. This rally could even go higher than that blue line. Traders usually lose when they become too insistent and expectant on one idea. We likely are at or near the end of this rally, yet you can see by all the rangebound chunks of days that you may not want to go all in puts/short. While those calling for a serious downturn may be correct, it does not have to happen tomorrow, or this week even, and holding time matters in option trades. Repeat - TIME matters! Have you been correct on a directional trade but lost money or made little gain because your option expiry was not far enough away? Been there done that. Now when I execute a trade I think about how long it may take for the price move to happen and then choose an appropriate expiry. Please please please do not predict or expect price action to follow any pattern because others are showing a historic similarity! There is way too much of this "history repeating" commentary on Twitter.
SP:SPX
by OptionsRising
1
FTMUSDTHello my dear friends I hope we will have a profitable week together (: Considering the specified ranges and the ascending wedge pattern at the end of the upward trend and the negative divergence of RSI, it seems that the possibility of correction to the blue range of $0.2657 is not out of mind. Please keep in mind that if you want to trade with this analysis, you must place the loss limit above the blue range, for us the priority is the range, not the technical pattern. We would be happy to hear your comments
Short
by FiboTech
FLUXUSDTHello, I hope we have a profitable week It should be noted that a higher ceiling has not yet been formed for us. But the divergence of RSA in different time frames cannot be ignored! Even if we don't consider the pattern in the daily time frame as a bearish wedge (because it has taken a long time in terms of waves) The downward trend line has been broken upwards and the zones have been maintained in the correctional movements. In my opinion, the probability of reaction to the range of $0.4 is high and if the price does not fall below the specified ranges. And in the upward trend, if it is above the yellow area ($0.511), the upward trend is likely to extend to higher areas. We would be very happy if you share your thoughts with us. Thank you for your support (:
Long
by FiboTech
2
HSY Facing Technical HeadwindsNoticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal time to trim some of this position as market fundamentals and macro risks are looking increasingly problematic.
NYSE:HSY
by Gooby_Trades
1
Multi timeframe analysis - TITANLet's understand multi timeframe analysis for NSE:TITAN . Weekly TF - NSE:TITAN has been trading in a falling wedge pattern (LH-LL) and has recently re-tested a major demand zone. A bullish engulfing candlestick has been formed. There's an additional confluence of Harmonic Cypher PRZ around 1880. Daily TF - Bullish RSI divergence has been seen on daily TF. Price gaped up and did a breakout from a falling wedge structure. Short term bullish entry can be taken if price retraces back to 2080 level which was acting as a resistance earlier.
NSE:TITANLong
by PriceActionTrader1
5PAISA - Short term bullish reversalLet's understand multi timeframe analysis for NSE:5PAISA . 1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone). 2. Price is approaching a key demand level in weekly and monthly timeframe. 3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend. 4. On a daily timeframe, 14 period RSI is forming a bullish divergence. Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
NSE:5PAISALong
by PriceActionTrader1
DYDX/USDT : Correction is must before the next leg upBINANCE:DYDXUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Our Last call on $DYDX has been got stop-hunted and today we'll enter positions based on invalidation and hold triggers only. Currently, $DYDX has formed an ascending channel, And based on the data we have, There's a bearish divergence formed from 29th July to 1st August. Also, it could be a good entry zone to locate Longs towards the higher bearish base, As $DYDX has formed a bullish order-block below at $2.00 So, In terms of using both scenarios; - There's a Short opportunity to $2.20 with an invalidation as hold above $2.84. With a local Long position with an entry zone from $2.30 to $2.10 with an invalidation as hold below $2.00. - There's also an aggressive Long setup after getting the invalidation above $2.84 with the Same stop-loss below $2.00. You can have your bullish run from the current market price or lower, But you have to manage the Risk/Reward Ratio too! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
7
DOCKUSDTHi dear friends In your opinion, the possibility of forming a head and shoulder pattern is not reversed!?! On the daily time frame, it has reached an important range, we have a positive divergence of the RSI, the bulls have consumed the ranges nicely in the uptrend. The possibility of a reaction in the yellow range of $0.01592 is very high. By observing the specified loss limit, there is a possibility of forming an upward trend up to the white range ($0.02756). We would be very happy to hear your comments
DLong
by FiboTech