EURUSD: Bearish Bat with MACD Bearish DivergenceWe have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence.
Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it does, I don't think $1.05 will hold but that it will instead break and make its way towards $1.035. I think we will continue this trend until the Euro Is Back Below A Dollar.
Bearishdivergence
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5760 followed by 0.5700.
What you guys think of it
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
COSTCO: Bearish Butterfly with PPO and MACD Bearish DivergenceCostco has formed a Bearish Butterfly that lines up with the 0.786 retrace and is testing the zone for the second time with PPO Bearish Confirmation Arrows on both tests, PPO Bearish Divergence, and MACD Hidden Bearish Divergence. This looks like it could be setting up to revisit the lower half of the range.
CADJPYIs CADJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 109.30 followed by 108.
What you guys think of it
PYPL: Bearish Gartley Looking for Continuation Down to $45.64PayPal has generated another Bearish Harmonic, this time in the form of a Bearish Deep Gartley, and if it gets below $63 this week, I expect that it will make a significant move towards the 1.618 Fibonacci extension that happens to land at $45.64.
In addition to what I pointed out above, we also have Bearish Divergence on the MACD and RSI.
SPXL: Bearish Deep Crab with PPO Confirmation at HOP LevelThis is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
USDCHFIs USDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600.
What you guys think of it
USOILIs USOIL exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
EURJPY: Bearish Butterfly with PPO Confirmation and DivergenceEURJPY is trading at the HOP level of a Bearish Butterfly while Bearishly Diverging on the MACD and printing a Bearish PPO Confirmation Circle just a few days ago as it broke the 21-day SMA. If it continues on this path, I'd expect the EURO to lose most if not all of the 2023 gains it's made against the Japanese Yen.
Bitcoin Time to be Cautious with Bearish Signs ShowingHi Guys! This is a Technical Analysis on Bitcoin (BTC) on the 3 Day Timeframe.
We've attempted since April 2023 to try and break ABOVE the Resistance Trend Line
From End of June to Mid July, we attempted to Re-test the Resistance trendline for couple weeks BUT Failed with a REJECTION.
Which brought Price Action to test SUPPORT on the 21 EMA (Purple line), before finally breaking through the 21 EMA and 50 SMA (Green line) with an ENGULFING BEARISH CANDLE.
Bringing us below the 0.786 FIB level.
But pay attention to the Volume, we initially have a spike in VOLUME during the break down but there has not yet been signs of follow through so wtch closely.
2 Major patterns have shown up that makes me CAUTIOUS with BTC atleast for the short term.
If they play out could bring BTC to test the 0.618 FIB level @ $24200
***1st is the fast approaching DEATH CROSS, where the 21 EMA crosses below the 50 SMA.
If you look left ( on your own time) as i have not zoomed out on the chart.
There are MIXED scenarios where some indicate massive bear markets and other times where we have price declines that last only couple months.
I think the later is more likely where we have a correction for some weeks to couple months before having a GOLDEN CROSS and continuing back into a BULL market.
***2nd is the BEARISH DIVERGENCE forming in the charts.
This is when Price action shows HIGHER LOWS but Indicators show LOWER LOWS.
AND that 2 Indicators are showing such signs.
It normally leads PRICE ACTION to mirrow the indicators by also forming a Lower Low.
Thus having the 0.618 FIB level be that LOWER LOW Target.
ALso i would love to see in the Indicators:
1. RSI Move back ABOVE Red Horizontal Line
2. MACD Move back ABOVE 0 level
If we dont, we can see further price DECLINES adding to the risk of seeing that 0.618 FIB Level.
This 2 Bearish Signs merit CAUTION in BTC, i would not take positions here but wait out to see how things play out.
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Bearish divergence for EUR/JPYEURONEXT:EUR / $JPY has started the year at the yearly pivot point. After 9 months, it is flying around the second yearly resistance. The price has started to stall at the monthly resistance point and RSI shows bearish divergence. If we break this resistance, I don't expect the price to break the second yearly pivotal point.
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Gold to Repeat the 80s by Undoing 20+ Years of Price ActionGold seems to be on track to completing a fractal of the mid 70s to Late 90s where it resets over 20 years of Price of Bullish Price action by way of losing over 70% of its value after a previous inflation fueled rally. Now we can see that we have the 20 Year Trend Line, A bearish Alt Bat, Bearish PPO Confirmation, and Bearish Divergence all as we head back towards trend where we will likely break and begin what will probably a long and slow decline down until we reach the 20-30 year lows at around $253.
This is basically a followup to my last 2 macro gold charts that I will provide in the related idea section below.
CAH: Bearish Crab with PPO Confirmation on the WeeklyCardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern which can be seen in the Idea Below:
Quick Look - Bullish Divergence vs Bearish DivergenceHere is a graphical representation of the simple concept of bullish and bearish divergences.
Rules are pretty clear
Bearish Divergence
Happens only in uptrend
Observed on pivot Highs
Price makes higher high whereas oscillator makes lower high, indicating weakness and possible reversal
Bullish Divergence
Happens only in downtrend
Observed on pivot Lows
Price makes lower low whereas oscillator makes higher low, indicating weakness and possible reversal
Watch out for hidden divergences on the opposite pivots and breakouts in the direction of trend.
USOILUSOIL is been on enormous bull run. And now reached to daily resistance zone.
In past bears took benefits from this level multiple time and turn the trajectory of commodity.
Like in past , this time it is also looks like bears were waiting for this level again, as it can be seen from the chart that bullish momentum being fade out.
more ever bearish divergence also suggesting a control of bears is starting now.
EQIX: A way to Short AI & Commercial Real Estate in One StockThis company deals with renting out Commercial Real Estate, mostly to do with Datacenters and other Internet Connected Operations, and due to that, this makes it a perfect stock to get Bearish Exposure to if you are both Bearish on the AI Big Tech Mania and Bearish on Commercial REITs
One of the main risks for this stock is if their biggest clients, like MSFT and AMZN begin to shift away from using Equinix datacenters in favor of creating and using their own in order to save on costs. If MSFT's recent earnings call is anything to go off of, they are currently desperate to increase profit margins and reduce the costs associated with their business operations especially the costs associated with working with third parties.
One area in which they could cut costs would be to reduce their reliance on Equinix datacenters, but in general as the AI Mania begins to wind down we could likely see the Equinix enterprise consumer base shrink even more, in which case we could see price begin to correct to reflect upon their lower cashflows as both the AI and Commercial REITs sectors continue to slow.
Beyond that: We have a Bearish Shark with MACD and PPO Bearish Divergence and PPO Arrow Confirmation; with hardly any support below us. If it plays out we could see a decline of about 50% from the current price level.
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has
not been a fade or retracement. The relative strength lines however topped
out and then retreated a bit signaling bearish divergence with the lower TF
below the higher black TF line. Likewise,
the MACD indicator is showing a line cross above the histogram whose
amplitude has dropped to zero then changed to red / negative.
Lastly, the mass index indicator shows a rise above the reversal zone
then with a trigger signal in dropping below the zone.
I conclude that BA over-extended and is now setup for a short trade which
could be either stocks or a put option. For the stock the stop loss is 232
the swing high and the target is 223.25 at the mean VWAP line. If price can
cross under that line, the target for the remaining runners will be 217 just
above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially
exploit this expected quick retracement.
Strong bear divs on CHDLast two tops were $98.33 and $100.52, however the last top was on lesser volume. Which has printed an obvious bearish divergence. Since the last high ($100.52), the stock has continued to decline and volume has continued to drop - printing more obvious bearish divergences.
This is a clear short, I guess the earnings report will be a trigger for further decline in the price of this stock.