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Macdivergence

Ending Channel in EURCHFPodemos ver la formación de un ending channel, además, tenemos una fuerte divergencia en MACD, lo que indica y confirma la caída próxima en eurchf. Todavía es temprano para buscar la entrada, la semana que viene podremos encontrarla cuando haga el breakout y forme una bandera. Aproximadamente, el nuevo impulso llegará hasta el final de la flecha marcada en el gráfico. ---------------- We can see an ending channel in eurchf and, furthermore, we have a very strong divergence in MACD, that confirms the next fall in eurchf. It's still early to look for the entrance, next week we'll be able to find it, when it makes the breakout and form a flag. Approximately, the new impulse will reach the end of the arrow drawn on the chart.
Short
by losada15
1# BTC 5K or 10K ? That is the question.** Freshly in the cryptospace, Here is my coming out on what's is going with Godfather Bitcoin. Disclaimer : I am a learner ; not a technician ** -- ONE-YEAR PICTURE-- Bitcoin is in a HEALTHY, ACCELERATING BULLISH CHANNEL since March, following the exact same cycle : 1) A Quarterly 3-figures Bull Run (800% compounded YTD) that penetrates at least ONE fib level F 2) A 40% retracement from the second fib level F+1 to the fib level F-1, just between the SMA 100 & 150 I would like to confirm that it follows the last 9 month an Elliott Waves (currently ended wave 5?) & allowing ABC corrective waves. * Please correct me if i am wrong! * -- LAST 3-MONTHS-- We are now at the consolidation phase for the (1) last bull run, started the 14th September. There are two opposites scenarios : Scénario 1) BTC Return To 5K : RSI and MACD divergence both indicate strong bearish reversal signal et the major 8000 level ! A last quarter retracement would push BTC at the 6100 and then 5000 levels. Scénario 2) BTC Continue To 10K : Since last week BTC price forms a Bullish Flag consolidation just below the 8000 level. that indicates upward support. Also BTC is not so overbought and DMI/MACD can support further upward movements. At the time i am writing BTC has broken the 8000 level & breakout the symetrical triangle & Bollinger squeeze at 4H and 1H. -- WHAT AM I DOING FOR NEW YEAR ?-- Scénario 1) Track a bounce or a penetration at the 6100 level ; then Look for reversal signs & patterns Double / Triple tops / H&S ; Be prepared to BUY between 6100 and 5000 levels. Scénario 2) Confirm 8000 level breakout at 4H ; Wait for a consolidation of the price at the Mid-8000's and track the next reversal SHORT or bull confirmation to open LONG. PS: BTC is still fundamentaly strong : both as reserve of value for Institutionnal investors and as a reference for newcomers. I am not surprised for a Christmas at 10K Peace out
BITSTAMP:BTCUSD
by tr8zr
1
AUDUSD Weekly Trade AnalysisAUDUSD > 10/8-13/17 Trade Analysis Timeframe: 1W Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727 A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level. Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation. A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDMXN - Bull huntingplease review a 1 week Div for the USDMXN pair Fib re-trace will provide key prices to look for while we hunt those all too important candle patterns I would like to recommend hunting 1 day candles, look for a Bull Fractal before entering the game potential bottom: .786 18.11755 potential breakout: .618 18.95532 take profit .382 20.13218 remember this is a long study so be very precise with entry and shorter timeframe verification to go long dont forget to use ATR for stop loss calculation, keep leverage low to support the long trade and in general just try to survive those tree shaking pip stealers chears
Long
by j_nathan
1
GM short entry at top of price channel$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs. Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong bearish divergence which we can take advantage of. Strategy: - Enter trade SHORT by COB today or on break of the hourly convergence pattern support line, whichever happens first. Set price target at $35, but be aware that there will be resistance at the 37.25, 36.60, and 35.53 levels, which all may provide valid exit points. Again, see the hourly charts to clearly see the resistance points at these prices. set stop loss at top of shooting star or a similarly sensible position.
NYSE:GMShort
by mologna