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Rsidivergence

Did exactly what should do. Now, what? 🤨Yes, NIO did everything we talked about yesterday, and it reached the 43s as expected. The resistance around the 38.2% retracement and the 20ma did hold the price pretty well, and today NIO couldn’t deal with it. We lost the red line, and it already hit its target at the previous bottom, around 43.89. Now the RSI is oversold, and NIO is starting to get interesting again. The problem is that NIO has a RSI divergence, and an advanced breakdown too. We lost the 20ma and the red line. This means that if NIO doesn’t react as quickly as possible, we’ll just drop to the 42 area again. For now, it is not a buy, but we must stay alert here, because we might see a buy soon. :) I’ll keep you guys informed! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
6
EURJPY - Structure Trade(20Jun2021)Do you remember that last week I've mentioned in my previous post titled, "EURJPY - Trendline" that the Bearish Shark won't form up and you can look for a shorting opportunity on the Trendline for a shorting opportunity, that opportunity alone brings you a 285pips(more than 2,850USD/lot) of net profit, and this is a spin-out trading idea from the Weekly Chart's Bearish Shark Pattern. Imagine how much you would earn if you have engaged in the trade base on the Weekly Chart? I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity. I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
Short
by RaynLim
1
USDJPY-Weekly Market Analysis-Jun21,Wk4A Bearish Deep Gartley Pattern has formed, for those who had missed the trade, don't stress up. It is possible that the market can retrace 37pips in the coming Monday for a second chance entry. A break and a close below 109.93 increase the strength of the bearish movement, hence, the winning rate for traders who had engaged in this counter-trend trading opportunity. This time, my student has a different view as mine, give him a like if you share the same view as he does.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jun21,Wk4If you have been following my post closely, you will be aware that I've shared the shorting opportunity that is embedded in the GBPUSD daily chart, that trade has a total movement of 383pips which translate to 3,830USD movement within a few days of market movement. For counter-trend traders, you can wait for a bullish engulfing candle for a buying opportunity and if the market does retrace towards the sell zone(red box), I would expect a bumpy ride up. Between GBPUSD and EURUSD, I would choose to long EURUSD instead.(check out the link within TradingView) My student has also shared his view on GBPUSD on the tradingview.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Jun21,Wk4Two months ago, I've been sharing the shorting opportunity that EURUSD presents itself. You might just have missed 283pips of pure profits which translate to 2,830USD per standard lot traded, this amount could use to cover middle-class monthly basic expenses, don't miss the next opportunity. The market also closes below the bullish 5-0pattern and turning 5-0pattern from a buying opportunity to a shorting opportunity. For counter-trend traders, you can wait for a bullish engulfing candle to form without any candle closing below 1.1845. For trend traders, a retracement back to 1.1978 and wait for a Double Top for a shorting opportunity. Check out links within telegram for the 2 shorting opportunities that I've shared.
Short
by RaynLim
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else. NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level. This made the stock go up, along with the 20ma in the 4h chart: Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence). This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more. All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
4
What's next on Tesla? (using stop-gain) 👍Tesla is moving very slowly these days, but that’s fine. You guys know that I bought it recently at 580s, and I want to share my strategy with you. Now TSLA must break the 615.42 to hit our target at 635. We are above the support at the 20ma and finally the BB are not that tight anymore. The volatility is increasing, but not that much. We have a RSI divergence in the 4h chart, and this could help us here, but it is not confirmed yet. If TSLA breaks the 622.92 then we’ll see a confirmation. For now, we’ll just manage our positions the best way we can. Now I set a stop-gain below the 600s for half of my shares, and I’ll keep the original stop at my cost-basis for the other half. This way I won’t lose anymore, and still can win if everything goes wrong. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
2
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well. The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about. This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉 If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:GOOG
by UnknownUnicorn21312077
As requested, we'll study PTON today!As a request from my buddy @ke-3a, I’ll analyze PTON today! In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too. But this is not true in the 4h chart. The chart is pointing up, and the momentum seems good. We have a line connecting the bottoms in red, the 20ma is a support too, and the most interesting part: PTON hit the $ 102.56 and it is going up again. The 102.56 was a resistance a few days ago. The problem is the RSI that did an advanced breakdown. So, if I had PTON, how would I proceed? A correction in the 30min is expected, maybe to the 107 again, but it must not break the 102. If this happens, we’ll see a head and shoulders + advanced breakdown, and I would just get out of it. But the 113.91 is another pivot point, and if PTON breaks it, the 125 is our next stop. I would hold it and look at these points. I hope it helps! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:PTON
by UnknownUnicorn21312077
6
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89. To the side it breaks, we’ll see a good movement next. If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet! The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
8
Good patterns above the retracements! 👍Yes, in the first candlesticks of the day Tesla closed above the 580 we talked about yesterday, and it was a powerful candle, btw! Powerful enough to create a divergence between price/rsi! Tesla also did a bullish reaction above the fibs retracement, which is great! Now the only thing that would made me believe it’ll drop to the 540 is if it breaks the 577 again, and this will be a dead cat bounce. If not, then the 635 is the next stop for us. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
10
It did a good movement today! 😯Ok, AAPL didn’t hit the 122 as I thought, but it is looking good today! Yes, it broke the 125.23, my original buy point, before I thought it would drop to the 122. Since the beginning I was looking carefully at this strong RSI divergence, but the bulls appeared before I expected. Now I think any pullback will be a chance to buy, and the target is the 127.90. We have a consolidation on AAPL, and the 127.90 is the next stop for us. The RSI is interesting here too, and perhaps we’ll break the 20ma for good. If AAPL drops again, it’ll be a chance to buy. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:AAPL
by UnknownUnicorn21312077