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Hiddendivergence

NAS100 Hidden Bullish Divergence Suggests ContinuationIf you have been following my charts for a while, I suggested that the general markets could turn back up as the monthly had blown off its extremely overbought state since I started posting in December. Now that they have bounced we can see that the bulls are not done yet and are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence suggests that this is the case and we likely will continue the trend upwards. Are we in a new bull market? We can not say...there isn't enough evidence at the moment and anyone that says otherwise does not know what they are saying. We have evidence that the monthly is now oversold and looking to turn back up--but it could be denied at the 50% line for monthly oscillators. Maybe the oscillators could cross upwards past the 50% line and create Hidden Bearish Divergence where the markets make a lower high but the monthly oscillator makes a higher high. Maybe we make all time new highs. We ca not say. What we can say is that for now the bulls seem to be in control and are looking to take this higher. Respect the divergences. I have proven they must be respected. Good luck trading. Here the set up is simple, WAIT for the 4hr Stochastic RSI to move past the 20% line to confirm a buy.
OANDA:NAS100USDLong
by Sinex
Nasdaq Hidden Divergence Suggests Further Down"Just when you thought you had gotten out, they pull you back in" Humour for a serious market. This suggests that the markets are likely to see further down. Just when you get hundreds of "ideas to buy". I suggest DON'T. But if you are waiting to buy wait some more and don't short just watch as others panic. Cryptos and currencies are showing very similar patterns. You should have read my divergences tutorial its free, it keeps you safe by anticipating weakness in this case and strength in other situations.
CME_MINI:MNQ1!Short
by Sinex
Thu 21st Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy & NZD/USD Buy. Just be aware of your overall risk here due to the high correlation between these 3x pairs. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
1
Ascending Triangle in the XLEThe Macro trends of 2022 are no secret to any of us. Sky rocketing inflation and the war in Ukraine have lead to soaring energy costs around the world. As a result, Oil has seen a period of extreme volatility, reaching a high of closing high price of 129.44 on March 8th. As a result, the XLE has followed suit and is up about +30% year to date. Exxon, the largest holding in the XLE, reports earnings on April 29th and has expressed that the anticipate setting record profits. Buy the rumor? The XLE appears to be forming a nice Ascending Triangle, which could be suggesting a bullish continuation. The Ascending Triangle isn't a particularly strong pattern from a statistical perspective with only about a 60% chance of realizing the bullish continuation. Take it with a big grain of salt, but there is also a very slight Hidden Bullish Divergence on the MACD. Nevertheless, it warrants paying attention to as a potential swing trade. A lot will depend on what Oil does, and the fact that XOM and CVX are reporting earnings on the 29th muddies the waters a bit. However, it could offer a nice opportunity for a shot in the dark trade to the upside looking for a pop the upside in advance of the earnings. Maybe something like an OTM Call spread around the .30 delta in XLE 30 days out or so...
AMEX:XLELong
by InnerMotionTrading
2
NZDUSD: Hidden Divergence MonthlyDespite my bearish bias I see this hidden divergence on the monthly chart for NZDUSD. This suggests that NZD is starting a multi month rally in spite of bearish sentiment and that the USD will fall regardless of my bias. Of course it may just bury itself but the hidden divergence suggests there is enough evidence to suggest that this will move up. My explanations are short and simple. I never tend to look at fundamentals, and I am a chart user exclusively. I let the charts speak for themselves and if you can't see the setup in 5 seconds then I am not doing it right.
Long
by Sinex