Bearishdivergence
GDX needs to pullback and resetGDX has been on a good run and is showing signs of topping out. Specifically bearish divergence is clear on MFI (money flow index and we see a clear 5 wave pattern in the context of Elliot Wave analysis with wave 5 almost exactly equal to wave 1 which is a component of wave analysis. For those who want to short you must establish your own stop loss and a reasonable first target is the low 38 regions based on a .618 retracement of the 5th wave and this also correlates to where the volume weighted moving average is. I would also not be surprised to see a corrective ABC pattern play out.
EUR/NZD Short 300 pips?Good day, snipers. Here in EUR/NZD , I am looking for Swing Short since price is in a descending channel and also at a minor area of resistance . Price also seems to be on overbought levels on RSI and a bearish divergence . Big SL but greater TP level at structure. Signal with Entry, adjusted SL and TP will be sent to students.
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Verizon Communications VZ bearish outlookEarnings were reported today and beat the estimates so keep that in mind. The technicals though look bearish IMO. We have hit a major trend line which so far hasn't been broken and looking at the size of the wick we hit a lot of selling pressure. Also we have created a Bearish Bat pattern which was completed when we touched the trend line. Would have been the perfect entry but still see plenty of downside potential. Also worth noting we have some bearish divergence on the 4hr RSI.
Playing the Bearish Bat my prices targets are:
Target 1 - $55.73
Target 2 - $55.17
Target 3 - $54.60
Good luck traders
Sterling Pound is weakness agains the US DollarThe influenced by Sterling Pound it's moving for US Dollar, this par is so negotiate, so we ha a bearish Gartley that we could see a possible correction of the price in some days.
Now, looking in Daily timeframe we see a formation of bearish rising wedge, I can't updated my technical analysis yesterday at night because I am sleeping so early, but now, we have this situation and the probability to see a Sterling Pound is so look bearish.
And in H1 timeframe, we see the same sitaution that Sterling is so weakness!!!
***And also, using MACD and RSI show a bearish divergence in both timeframe in H1 and H4 timeframe.
GBPJPY Short|Bearish Divergence|Range Support|.618 FibonacciEvening Traders,
Today’s Analysis – GBPJPY- at a pivot point on the chart, price is likely to impulse down if dynamic resistance is respected.
Points to consider,
- Macro trend bearish
- Resistance confluence
- Oscillators diverging
- Volume below average
- Range support target
GBPJPY’s macro trend has been putting in consecutive lower highs – this gives us a bearish bias on the overall market.
Price is currently testing dynamic resistance; this area has multiple technical confluences, the .618 Fibonacci and market structure – putting more significance on the level.
Oscillators are both diverging from price validating a bearish divergence. Price respecting the .618 Fibonacci will keep the divergences at play.
volume profile overall is below average, a respect or break of the dynamic resistance will lead to a notable volume influx.
Overall, in my opinion, range support is the immediate target if technical levels are respected. A short is valid with defined risk.
Price breaking above dynamic resistance will negate the trade.
What are your thoughts?
Please leave a like and comment,
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Bearish Divergence Confirmed by OBV.Explanation is on chart. I hope tHis might help someone who is extremely bullish on RIL.
Double Top in EUR/USD: Short signalI entry when the previously candlestick was formed to entry in short position, now it''s late to entry, because the price is go down now, but there are an interestig entry when you make this example for you, because we are in another and updates chartist pattern in formation and that called Bearish rising wedge, but in that case, we could to see that this chartist pattern is bearish.
So, in H1 timeframe we have a confirmation of double top, also look how the RSI is lossing force of boughts
Also, but more important is to recognize when the price is lossing boughts, because using the bearish divergence is important in all class of what type of traders are you. so, look below in this screenshoot in H4 timeframe, that is ia bearish divergence in the H4 timeframe.
And finally, in Daily timeframe we are in this chartist pattern called bearish rising wedge, but remember that EUR/USD is in bull run rally, but that nos neccesary that mean a EUR go to down the price, not neccesary, this is a possible re-accumulation and we are in the Elliot Wave # 4 for then, as updated to find up the Elliot Wave # 5 in the $!.17 USD, that is amazing entry in long in the zone of $1.13 USD.
So, I entry in the just zone when finished the candlestick, so the target is to find form me 96 pips, in your case if you entry in the green zone if the price make a pull back, your targets will be approximately 75 pips.
Silver Short Term ForecastD1 - The price which is moving higher has currently reached a key resistance zone formed by the 100%(18.788) fibonacci expansion level of the first wave and the 61.8%(19.380) fibonacci expansion level of the second wave.
Until this key resistance zone holds I expect corrections to happen here.
H4 - Price has created two false breaks with bearish divergence.
If we get a valid breakout below the low at 18.850, we may then expect further continuation lower in the short term.
LINKUSDT: Bearish divergence on hourly TF.Link has surged massively since it broke 5 USDT.
I want to look for a big short on this one and I found out a clear bearish divergence on hourly time fram.
Stay alert for reverse of the trend.
FKLI TRADING : 80) bearish divergence formation in daily chartthis is trade no 80) frm haidojo trading... bearish divergence is formed in daily chart for fkli-july so it is possible a signal for reversal...
fkli is facing resistance for 1620-1640 range...
current support level : 1580
lower support level : 1560
thr is no confirmation shift of trend yet...therefore shorting the market seems to be a bit too early...however, eyes wide open for more reversal signals to come...
WARNING : juz for educational sharing, not for buying nor selling hints, pliz trade at your own risk
Time to leave! I'LL BE BACKMONTHLY rsi and price movement for nike. No matter how much money is printed in the us my favorite sports brand will have a rough time for the upcoming years since most of the money went to the stock market and the majority of people are going to see their income decreasing for the next years. However after we've go through this nike is going to shine since it's investing huge amount of money in it's online business model.
NZDUSD Short |Bearish Divergence|Liquidity Grab|Range ResistanceEvening Traders,
Today’s Analysis – NZDUSD- trading at key range resistance with bearish price action.
Points to consider,
- Macro trend bearish
- Range resistance (Pivot)
- Range Midpoint (immediate target)
- Oscillators diverging
- Volume below average
NZDUSD’s macro trend is bearish with consecutive lower highs, this projection give us a bearish bias on the market. Price is at a key pivot point – range resistance- candle closes above this level will negate the short.
The Range midpoint is the objective, price breaking through this level will increase the probability of testing range support.
The Oscillators both are diverging from price, putting in lower highs; this is an indication of weakness in the market.
Volume is trading below average, an influx is highly likely as we are at key structure anticipating a probable influx due to the double bearish divergence playing out.
Overall, in my opinion, NZDUSD is a valid short with defined risk above structural resistance, immediate target being the range midpoint and beyond. Any moves are to be backed with increasing volume to avoid false breaks.
What are your thoughts?
Thank you for following my work!
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
AUD/HUF: BEARISH DIVERGENCEHello traders!
A bearish divergence just showed up and it seems promising! In fact, if you look at the MACD you may see clearly that the bullish momentum is getting weaker and the RSI is almost overbought! These two facts make me think that a bearish reversal will take place (if not now, in a while).
The target is our dotted line and remember to put a stop loss in order to secure your capital!
Not a financial advice.
