ES Futures Bear Div
RSI Bear Div + RSI-Stoch Bear Div in overbought zones, in line with ATH trendline, wouldn't be surprised to see a bull trap around 4070. Bulls will think ATH trendline is broke but just testing VWAP from ATH middle band.
Stochastic-bearish-divergence
[Signal] EURJPY: Safe Haven PlayFX:EURJPY
Timeframe: H1
Direction: Short
Technical Confluences for Trade:
- Price action at Resistance of Ascending Channel
- Stochastic Overbought momentum
- Widening of the EMAs
Fundamental Confluences for Trade:
- There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure is starting to leave a drag on growth. Risk assets may continue to take a beating and may see some safe haven plays.
- Inflationary pressure is starting to pick up in Japan; may see a change in BOJ's monetary stance (reducing the yield differential between the US and Japan)
Suggested Trade:
Entry @ Area of Interest 139.70 - 140.50
SL: 140.92
TP1: 139.25 (move SL to Entry level once TP1 is achieved)
TP2: 137.85
RR: Approx. 3.30 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
XAUUSD (GOLD) 4H Chart 21-EMA TestingGold hits fresh eight months high as Russia-Ukraine tension escalated. Russia recognized the independence of separatist regions of Donetsk and Lungask. US 10-year yield cooled off from a multi-month high of 2.06% further supporting the prices of precious metals.
DISCLAIMER: ((trade based on your own decision ))
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$SPY a bit higher then choppy downtrend...The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index, with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
$666 what could be a downmode for TeslaBeloved Tesla is looking bearish on the weekly and 11 day chart!! Who knows what will happen? I think that in the medium term it may go down however of course this stock has long term value, IMO!
Not investment advice
Feast ur eyes, see for yourselves! Maybe be a 'lil reversal? It's early to tell if this is a SHORT TERM reversal for this gorgeous fledgling stock. In long term months it may go up. In the medium term it may go down. in the short term it may go up.
It's trading lower today. I have it going down on the daily and weekly chart. However on the 4 hour it looks like it MAY be reaching NEAR relative bottom/support. It went v high so it will take time to consolidate. I don't want to make any public predictions about how long the bearishness will last. However, I will say that my strategy is a yolo diamond hands HODL. I will HODL this stock and grab more. Specifically, I am buying more call options for January 2023. NOT INVESTMENT OR TRADING ADVICE.
Could it be a long term yum yum style?
Do your research!
Not trading advice!
Starting trades with support and resistance along with RSI.Currently the trend is upwards.
Price and oscillator momentum is readable to an extent.
We can expect the price to fall below support line. RSI is indicating opposite highs and lows.
Hopefully we can track more here.
BTCUSD Decision Pending! Bearish Divergence Hello Guys
Finally decision day has come, count down start and peoples are waiting what ll happen
2D chart is showing bearish divergence and also we are now in descending triangle and we are looking HS pattern on 1D, 2D and 3D charts. Most probably chances that ll go down around 8500$.
So better that we will wait for breakout upside or downside.
Short position on USDCHFStochastic bearish divergence is showing a clear reversal on the current bullish trend. There is an an ascending triangle clearly showing and the price will very probably hit the 0.98500 mark, supported by the bullish trend line, by march 19th before it rises again to the level above 1.00416.
Bearish Divergence; StochasticsVery clear divergence on the 15 minute chart, as well as hidden and normal bearish divergence on the 5m charts. Make sure to look for other indicators to confirm.
Hidden Divergencepaper Trade
Hidden divergence took place, price in retracement to where hidden divergence took place, and at a flat top resistance.
Bank Of America Heading Down To Test SupportOn April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4748. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly trending down, but not clear if a volatile price swing is on the horizon.
The true strength index (TSI) is currently -8.0671. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down.
The negative vortex indicator (VI) is at 1.1688. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down.
The stochastic oscillator K value is 61.4618 and D value is 58.2159. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the K and D is quickly shrinking and could also head down in line with all of the other technical indicators.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 7 trading days. There are many trendlines in play, but it is inconclusive which one will take hold next. Previous resistance around 22.20 has recently become new support and could be a viable level to be revisited.
Mexican peso (futures): Weak below 0.5370 - 0.5365Sell Peso below 0.5370 - 0.5365, targeting 0.5200.
Does this tell us something about the election outcome? Not sure, but the timing of the break of the support at 0.5370 - 0.5365 could be crucial.
Bearish divergence on FTSE100 after all time highAfter peaking to all an all time high it's either pull back or reversal time. Please see annotated chart.
