Get started

Bearishdivergence

Bearishly Engulfing The Weekly At Critical Levels: SPX Update #3I have been tracking this channel for awhile and giving occasional updates on the price action within it and i am seeing that we bearishly engulfed the weekly at the top of the channel as bearish divergence continues this may signal that this would be the last week we see any sort of attempt to achieve higher highs for a long time. Additionally we are at a 1.618 Fib extension so this would be the perfect area to reverse from.
OANDA:SPX500USDShort
by RizeSenpai
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
Short
by naumanfx_
Quickpost BNBUSDT losing momentum after reaching key targetIntroduction Out of all the top coins since 2017 to right now BNB had one of the best bull runs. Therefore, if it is setting a bull trap I take that that is pretty scary and a bad indicator for the broader market. Analysis I consider hidden bearish divergence to be the bulltrap signal and as I look at the charts it is very visible on the RSI. So that gives us continuation to the downside from the peak to peak. Traditional or classic bearish divergence signals the end of a current uptrend and I see that on the MACD histogram. Also, the MACD is on the verge of closing a MACD-Signal line cross. Very bearish when taken into consideration with the divergences. Good news is the BNBUSDT chart is acting very technically. There was a symmetrical triangle that formed and when it broke it went right to target before stalling and now potentially reversing. Hopefully we can have the same chart clarity moving forward. Rough Targets One target would be an ABC correction at the 1.618 looking for an ABC correction Which is close to the 1 line on this fib channel.
Short
by This_Guhy
2
Solana reaches major Fib Channel Target (compare BNBUSD)This is basically a quickpost. The blue anchors show where both BNB and Sol have the fib log channels swing lows and a swing high point to define the fib log channel. Sol just closed at the op of the fib log channel 2 line. That is a very significant long term target after popping up out of a rising wedge. By my estimation most of the profits have already been made by going long. BNBUSD shows how powerful resistance at these levels can be. There is a lot of clear bearish divergence on the MACD histogram and the volume and gravestone candle spell reversal. Yesterday's candle was already down over 17% from the high. To me that loudly states a lot of profit taking at the 2 line of the fib log channel And just for the sake of the interested, here is your standard fib retracement. The golden pocket is often referred to the area between the 0.618 and the 0.65 retracement levels but I find that when doing retracements and extensions the 1.618 to 1.65 range works very well for targeting. And here he see it hit perfectly. I don't know what your trading system tells you. But mine says the upside is mostly gone. Personally, I am not touching Sol in the near future. I have clearer entries on other tokens and coins that I think are closer to trending. In other words, I suspect this will chop around quite a bit. It is still pretty early but I would be watching for something like the chart below to play out. Fractal ABC corrections all over the place that could be played out technically for those interested. Of course, not financial advice and I am not a CMT.
BINANCE:SOLUSDShort
by This_Guhy
11
COMPLETE ELLIOT WAVE ANALYSIS OF BITCOIN. ABC CORRECTIONOn this chart, i have identified an ending diagonal structure similar to the ending diagonal we had before the crash to 30k. You can see i have identified 1-2-3-4-5 waves leading up with 64k with wave 5 being an ending diagonal. Following the ending diagonal, there were 5 waves down which leads us to believe that was wave A of and ABC correction. Wave B is usually 3 waves, you can see here i have it marked as ABC, with wave C being the ending diagonal we are currently in. Following this should be 1-2-3-4-5 waves down making up wave C. Wave C is usually a 1:1 extension of wave A atleast but can go down to the 1.618 retracement or beyond. Below i have a passage that i found online exploaining the characteristics of an ABC correction. Have a read of it yourself and see what it supports what i have displayed on the charts. Wave A, B, and C Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond You can see on the chart i have here that there was a spike in volume during wave 3 of wave A and then there has been declining volume during the rise of wave B, which matches perfectly with what this passage describes as an ABC correction. During wave 3 of Wave C is when people will realize we are in a bear market and we should get a spike in volume then. Well that is my complete elliot wave analysis on bitcoin at the moment, i hope you guys enjoyed it.
BITSTAMP:BTCUSDShort
by timketsavong
2
LUNA bearish?My followers made nice profit trading last LUNA idea of mine. You can see it in the link below. Now we have to take a step back and take a look at the bigger picture. In last idea, you can see a faded rising wedge that was invalidated by BTC drop (pulling LUNA down also). We traded that descending channel and made a nice profit, but now we can clearly see LUNA still respects this rising wedge. In the meantime we have bearish divergence formed on the RSI 4hr chart. Will we see some bigger correction, It could be the case since we have 2 bearish signs, rising wedge, and divergency. I should also mention that LUNA had a run-up of 320% without any significant correction. U should never underestimate the power of the herd, so it's possible we still can go up, but all signs for a move down are there and you shouldn't discard it. Be prepared for both scenarios...
by PhilosophersStone
2