Silver Looking To Pullback More Than 30%Silver tried to breakout and failed then it also failed to gain any sort of bullish momentum on the weekly and now it looks to be ready to crack the support after having a nearly confirmed partial rise and closing lower than is has closed since becoming rangebound.
The Measured Move of this range breakdown would take us down to the .886 retracement where i then think silver will attempt to become bullish again.
Bearishdivergence
Gold Sell Idea Update!!!In my Gold sell idea post, I mentioned that the price has reached a key resistance zone and I'm looking for another wave up that will also complete a bearish divergence on the H4 chart and then we may expect the price to move lower further.
The price action followed my analysis and moved as per the plan here. The price created one more wave up and completed the bearish divergence. The price then moved lower further and has delivered an wonderful move to the downside so far!
Original idea
Monthly Banging Against Resistance With Lots of DivergenceThe weekly move down we got before will be nothing compared to what we get here.
Last time we got a decent move down off a daily Dark Cloud Cover but this time all focus is on the Monthly Divergence and the Monthly Bearish Engulfing This will come down with all the major indexes.
SPX Parallel Channel Update #2; Monthly Price ActionI posted a chart on the SPX back in April that showed that is was in a monthly price channel and nearing the top. Today i noticed that we hit the top of said channel.
The RSI is showing divergence and the MACD may look to cross downwards soon.
I think that we will be seeing a bit of red in the next couple of weeks.
Update more detail added for BITCOINs next big reversal downSo just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
Don't be fomo in,btc still making massive bearish divergence°Technical analysis:
#BTC (Update)
Welcome to this quick update everyone, In daily timeframe Chart, Massive Bearish Divergence Still in Play.
Bitcoin Might Retest $44000 coming Days.
51K is Major resistance now
48K become Support, if it will broke then we can going to retrace the 44k level once more
if we break 51k then 58k level is next Target 👏
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Repeat of 2018 Crash?Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.
Bearishly Breaking Below The Neckline of A Lower High Double TopADA is Bearishly breaking below some serious support right now and looks as if it could make some major Fibonacci retraces.
The RSI and MACD are also both bearishly diverging.
It may reverse at the 50 percent retrace but if you want to take this trade to the extreme you could try to hold short until it reaches the .786-886 fib zones to take profit.
Be Aware of Bearish Divergence on Nasdaq?Triple Top on Key Resistance level, Head and Shoulders. Monitor at every top that hits resistance, the RSI on triple top making lower highs, showing a downward trend on RSI while candles are showing uptrend. Does this signal that there is some potential fears in the market? Especially with FOMC minutes tomorrow. Is bond tapering coming? Plus, there is a Doji Candle closing today.
Keep Monitoring. Tomorrow FOMC might keep bond buying stable and could breakout to a new high? or Bearish Divergence breakout?
Symmetrical Triangle Bearish Divergence.We have a Symmetrical triangle here with bearish divergence on the RSI.
ETC Setting up to get very bearish if it breaks trendETC will likely be testing a trendline and a support level at around 60-61 dollars very soon and if it breaks through we very likely see the value of ETC decrease by 50 percent or more. Right now on the daily we have Bearish Divergence on the MACD, and the RSI is just now coming off of overbought with a bearish MACD crossing.
BTC, MACD and RSI show bearish divergence with price!Bitcoin more than likely goes for a correction!
Both MACD and RSI show bearish divergence with price. Price is between two important resistance levels corresponding to 0.5 and 0.618 Retracements. Volume is also continuously decreasing.
These bearish warnings are important. It is wise to take them into consideration.
Check out related ideas for more details about general trend and final destination of BTC. Links are provided below.
Good luck my friends.