Downloading...
Download

Bearishdivergence

Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines. Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom. On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
NASDAQ:CRSPLong
by ScotianBot
CADCHF, daily tf, sell on break of ascending supportHello my friends, I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me. This pair not yet filtered by my screener but i think it will soon come to my sell position screener. What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle close. The moment that parabolic SAR indicator switch from below to above the price, it will fully confirm to take sell positions. Notice also there is a possibility bearish divergence forming on stochastic. I posted this in advance to let my fellow friends know it before hand so we will take sell position together when it confirmed. As long as price holding above the support then we will not take sell position yet. Only sell when we got our confirmation. The trade will look like this when it is active Sell CADCHF @0.6870 Stop loss @0.6955 Take profit 1 @0.6765 Take profit 2 @0.6670 RR ratio is 1 : 2,35 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
Ascending Channel & Bull Pennant for Gold?Notice the downward sloping blue line, this is considered the resistance of the pennant, if the price breaches above it'll confirm the patterns a bullish pennant. The two green upward sloping lines are potentially forming an Ascending Channel, there is however a slight deviation where the price breached the top of the channel, but noticeably since then the price has drifted towards the bottom of the channel. The KST potentially just had a golden cross, this is where the green line spikes above the red, typically a bullish indicator. The RSI may find some resistance at the blue downward sloping line, if so And the price continues upward that would likely create a bearish divergence. It would be nice to see the RSI break above the previous high flush to the upside & the price rise simultaneously.
TVC:GOLDLong
by ScotianBot
OSTK is trading in an Ascending Triangle.Keep an eye on the KST, if the price continues rising but there is no higher high on the KST or the RSI there will be a double bearish divergence formation. KEY TAKEAWAYS of Ascending Triangles. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
OLong
by ScotianBot
CADJPY, 4hr timeframe, bearish divergence in descending channelHello my friends, I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe. Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up. Price already broken below the channel with a solid candle in the last 4hr candle close. We could expect price to continue going down from this point as there is another zone which acted as resistance. Noticed there is also 50-EMA at this zone so we could say this is an area of confluences. Sell CADJPY 80.05 Stop loss 80.45 Take profit 1 @79.55 Take profit 2 @79.05 Risk only 1-2% of your equity Use proper risk management Good luck
Short
by HayatoDragonFX
CAD/CHF Short with Bearish DivergeneGood day, snipers. Here in the CAD/CHF , we have multiple confirmations to go short. TECHNICAL ANALYSIS first on the 4H time frame, price broke out of the ascending trend line and retested it completely then rejected it on the 1H time frame. Price also rejected the previous resistance and is in a bearish divergence on the RSI. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the CHF is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below or leave me a message if you have any questions about the idea.
Short
by SniperFXFree
Bitcoin looks ready to break out of a BULL FLAG!Keep an eye on the RSI, if the price breaks out of the bullish flag & the RSI doesn't break the downward sloping resistance to create a higher high than there will be a clear bearish divergence. The DPO is starting to creep above the red downward sloping line of resistance, potentially indicating there is more upside price action & the price isn't ready to top out. The dark blue line is the price of ETH on coinbase, Ethereum is noticeably taking charge of this bull run, very interesting.
COINBASE:BTCUSD
by ScotianBot
1
CADSGD long opportunity short termHi everyone, this is a super short term long, so I hope you can all catch it in time. I have been looking at the 5 minute chart to make this play, but the resolution is too small to post, so I I would recommend that you look at your own chart with my post pulled up beside it. Elliott wave analysis: On a super short term, we are finishing our wave 4 triangle, and I suspect that we are going to hit the top boundary of this channel, or atleast somewhere around there. On a greater time frame, we have hit a 1:1 extension of the first wave, so there is a lot supporting the idea that the cad SGd is headed down, so please stick to your stop loss. For this case, it is at the bottom barrier of the triangle. I have mine set at 1.03768. I would highly recommend that you set it no lower than this. Moving average analysis: On the 5 minute, we can see that we are currently experiencing a huge move in the making. All of the moving averages are coming together, but we are continuing to hold along the 200ema. This leads me to think that we are on our way up just a bit longer. MACD analysis: On the 5 minute, the macd is trending upwards, but on the higher timeframes, we are set to go back down, so please be careful. Rsi analysis: The RSI on the 5 minute is very, very shaky, and isn't telling me anything. On higher timeframes we are also seeing some bearish divergence, so just be careful. All in all, this is definetly a risky trade, but I think that the 2:1 R:R combined with the evidence supporting the rise upwards, hints to me that we are going to come out with a profit on this trade. Enjoy the rest of your night, and goodluck trading tomorrow
Long
by Mika_k
SLV is presenting a buying opportunityTechnically while I am long SLV in the big picture I think there may a little but of downside left to complete a healthy retracement. The tool I've used here depends on identifying divergence (in this case MFI but RSI is fine as well), you then measure the duration of that divergence, and lastly project it (duration) off the price low (as this is bearish divergence) within the period the divergence was identified. The notion is that this is the average time it will take for that low to be tested. What this means is that we *may* see a low in SLV on 8/14 and the general price range I'm looking for is 21.4 - 20.84 (prior low and pivot point) with a .618 retracement of the massive rally falling in that range. If the .618 retracement doesn't hold I will then look at the .5 mark visible on the graph. Please ask if you have any questions.
AMEX:SLVLong
by TNasr
Bearish Divergence on LINK 1H chart, may retrace Hello Viewers. LINK as we know has shown absolute bullish market for 3-4 days, however retracement may be possible as BEARISH Divergence appears on the RSi w.r.t Price action. While Rsi holds 50 level, the entry is after the confirmation as it hits below 50 Level. Possibilities are to hold 50 Fib Level, and then maybe bullish cycle starts after consolidating for a while. If you like my Analysis join YOU & I community by following us. Cheers!
Short
by You_and_I
2