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Rsidivergence

SPX looking rather badThe S&P 500 Index looks extremely overextended and a downward movement is likely going forward. Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020). Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored green). As easily predictable, a significant correction took place later on and continued until late March. At that point, the chart had completely reversed showing a rather oversold situation and forming a bottom which gave us the opportunity to reenter for a new bull run. As of today, the SPX is back to a very similar configuration to one year ago: going forward a downward movement is likely. One final note on the supports. There are two major supports that will sustain the price should it start to fall. However, even the highest support is pretty far away from the current price level so there's plenty of room for triggering a downward movement.
SP:SPX
by a.b
11
PLTR is flying today! What's the targets for it?Our trade on PLTR is doing pretty well. It triggered our trade at 19, as we talked about in our last analysis, and now it almost our first target, at the first fibo retracement. The RSI divergence worked wonders here, and PLTR looks great. PLTR was extremely oversold yesterday, and it did a power bar today, and this could work as a short-term reversal point. Let's keep watching 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.
PLong
by UnknownUnicorn21312077
2
What could save Nasdaq?The Nasdaq 100 did an island reversal in the 30m chart, but it is at a support level again.The triple bottom and strong RSI divergence still persists. We have no buy sign yet, but if it does, it will be a good one. In the 4h chart, Nasdaq hit again the 13,716 and it dropped to the next support level. The next hours will be decisive for the index, and if we see anything good, we can nail a good trade. 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.
TVC:NDQ
by UnknownUnicorn21312077
23
Watch for the $ 34 level!Hi there! NIO keeps going down! But is there anything interesting to do around here? Despite the strond RSI divergence, I don't think so. NIO is oversold, yes, and at any moment it can reverse the movement. The problem is there's no buy sign, and NIO is heading to the 34 again: We have no divergence in the 4h chart, but it is at low levels. The 34 will be a decisive point for NIO, and we must watch it closely! The 39.50 is the target for any buy around 34. 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
Is it still worth trading PLTR? Here's an idea for you!Hello community! Well, PLTR didn't trigger the trade we were looking for, but the RSI divergence still persists. This drop only means we can buy it at a better discount, but always wait for the trigger point, ok? The trigger is the 19, and we have two targets: the 20.74 and the 22, and there's a good reason for this. These points are not only previous tops, but fibo retracements in the 4h chart. The 20.74 is the 38.2%, the 22 is the 61.8%. These are quite important points for us, and we must keep our eyes at them! 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.
P
by UnknownUnicorn21312077
[Educational]NIFTY Historical Double Bottom Pattern AnalysisProcess to identify Double Bottom Pattern: 1) Find out Support/Demand Zone in the script 2) Use RSI to identify any divergence in current trend 3) Place Early Entry or Wait for any candlestick pattern confirmation - i.e Hammer , Bullish Engulfing, morning star or others bullish pattern. Entry and Stop Loss: 1) Early entry at support level on basis of RSI divergence in 2nd bottom 2) Confirmation entry will be after closing of bullish candlestick Pattern 3) Stop loss should be 0.50-1% below the support zone. Exit/ Profit Booking: 1) Initial Target Will be top of this pattern. 2) If double bottom is for 'W' pattern then projected target will be top of the 'W' pattern. 3) Good way to achieve higher target is by trailing stop loss. For Trailing stop loss we can use trendlines or any other trend pattern.
NSE:NIFTY
by TradZoo
3
BITCOIN (BTCUSD) Rising Wedge Short OpportunityCOINBASE:BTCUSD Bitcoin forms rising wedge with higher highs and higher lows, signals bearish continuation trend. I am going to follow the price breaks below the trendline and maybe retest the entry point. Also wanted to take notice of RSI Divergence which hints bearish signal!! I will open position and take profit regarding to below levels; BITFINEX:BTCUSD Short Position Entry Point: 55450.00 1st Target: 50500.00 2nd Target: 44000.00 Stop Loss: 57500.00 BITSTAMP:BTCUSD Thank you and stay tuned for more strategies! Please leave a like and comment what you think. Trade safe and have a nice Sunday
BITSTAMP:BTCUSDShort
by gorkemaydogan
4
A rally to the $ 39.50?Hello Tradingview community! We don't have any confirmation on the price yet, but we have a double bottom on the RSI, a good divergence as the price is falling, and we have an advanced breakout from the previous top on the RSI. This could antecipate a rally to the 39.50 (there's a little gap around here that could be filled), the 50% fibo retracement in the D chart: 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
1
LTC On fire but when will the fuel run out?Short post-- Based on my analysis LTC has just about reached a local top again so I have entered a short position. I think we will see a test of 400 because of hype and round number psychology. However, I see a huge RSI divergence on the weekly chart, daily chart and every hourly chart down to 1h. Let's see how it pans out. My price target is in the 240's. If that doesn't hold we may cool off for the summer months in the 140's (weekly EMA support as well as big 2019 resistance) until a big ol' move in the fall. The last weekly divergence like this one was in 2017 with a local high of 96 and a fall back down to the 30s. Then we all know what happened after that. If I'm correct, then we are in the "96" range of the pattern. Good luck folks! Hope we all make some money.
COINBASE:LTCUSD
by DZiggie
4
APOLLO MICRO SYSTEM This analysis is done at the request of a well wisher. Yes, the overall index is weak but here is a defense stock with a huge pipeline orders. Usually folks love the satisfaction to pick up stocks at the very bottom and here is one where after a continuous fall, it has reversed with big green candle breakout from a falling wedge + Bullish divergence + MACD crossover and if it starts this upward journey then it would also form the completion of Inverted Head and Shoulders pattern. The Risk Reward Ratio is very healthy. Strict Stop loss.
NSE:APOLLOLong
by CannySunny