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Divergence

US30 Short Idea based on monthly-minute breakdownAfter thorough breakdown i see US30 diverging in the weekly & hourly TF, after that I measured the daily-weekly moving average and concluded that it has finished the average pip movement before usual daily retracements. So after deciding it will be bearish I’m looking for a bullish retracement in the 1min-15 min TF to the 45100 area where I’ll be looking to place my SELLS. TP targets have been set from TP1-TP6 (Make sure to set to break even after TP1 hits if deciding to swing trade). Bulls usually control December so I did mark up the possible bullish scenarios from the 1st 4 TPs. Let’s see if US30 can FEED US !!
THINKMARKETS:US30Short
by jcatchinpips
$REGN LongThis is just my observation, but not an advice. Technical: REGN touched its two strong trendline since 2020 and 2021. REGN reached the 50% correction since 2020. REGN is oversold daily and weekly. A significant divergence is observable on daily chart. Price touched SMA 200. Fundamental: P/E: 16.9x (moderate undervalue) Since last ATH NASDAQ:REGN has come up with wide ranges of successful clinical trial outcomes. Nonetheless, prices dropped due to competitive pressures on Eylea. Last week, after significant clinical trial results of Odronextamab and Poze-Cemdi, the market moved up. However, the price slid after the BoA's PT revision. Analyst sentiments: 17 buy, 7 buy, 1 sell (BoA) The long possibility is high from now on.
NASDAQ:REGNLong
by jack_the_real_trader
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
2
DXY 1W Forecast until March 2025Consolidation below 106 will last until October 2024. Breakout will happen in October peaking at 111-112 followed by a retest (mid November 2024 - January 2025). Further upward movement + correction will happen in January-March 2025 between the top of 113-114 and the bottom of 105-ish. Consecutive HH and HL will be followed by rapid increase in pace of changes: time will shrink and levels will expand. This will mark the start of hard times of Greatest Depression in March 2025 sending all markets down and making USD the king.
INDEX:DXY
by discarding
Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition: 1.Key Breakdown Level: ₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move. 2.Volume Profile Analysis: Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level. Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred. 3.Trendline Breakdown: The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal. 4.Moving Averages: The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997. The 200-day EMA near ₹6,746 is a long-term support level to monitor. 5.RSI (Relative Strength Index): RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view. 6.Volume Confirmation: Watch for an increase in sell-side volume during the breakdown for confirmation. Trade Plan for Short Positions: Entry Trigger: Below ₹7,282. Targets: Target 1: ₹6,997 Target 2: ₹6,746 Stop Loss: Above ₹7,438 (previous high near resistance). Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade. Alternate Scenario: If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
NSE:POLYCABShort
by AngshumanSaikia
Give me some energy !!!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 84k. The price can correct itself and then continue its growth. every uptrend has to be corrected, that's the nature of the market. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
1
POWERGRID MAY FALL DUE TO DOUBLE TOP FORMATION DOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole whole stock market. But after the release of the election results it has started going down again BEARISH DIVERGENCE : Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on chart & rsi 4th mar & 29th july respectively indicating strong bearish momentum for powergrid BEARISH MACD : macd indicator has also become extremely bearish with macd line hovering below signal line by large margin PROFIT TARGET : The stock will fall till 299 level which is 22 points away from current level
NSE:POWERGRIDShort
by peace_lover
BTC Dominance Topping Out, Going to All Time LowsBTC Dominance appears to be in a potential 7 year flat pattern. This coincides with the end of 7 year bear supercycle on alt/USD and alt/BTC pairs. The end of the flat pattern is evidenced by wave-c relating to wave-a by 61.8% in price and relating to waves (a+b)/2 in time (yellow boxes). The false break out from the orange trendline, as well as the wisemen on monthly, weekly, daily, etc charts, and the bearish momentum divergences, are all further evidence that dominance has topped. From here, it looks like BTC dominance is going to retest the lows, and considering the likelihood of the end of a 7 year bear supercycle on alts, and the beginning of a new alt season, BTC's dominance could fall to as low as 12%. Fundamentally, little has changed about BTC over the years. While some activity can be moved to layer 2s, the main BTC blockchain is still slow and inefficient, with only 7 TPS most people will not be able to afford to transact on Bitcoin. This will make retail traders and economic activity move to layer 2s and other chains. One chain which will capture a large share of economic activity from Bitcoin is TRON. It has already captured the largest share of USDT, leading to high TRX burn rates. As Bitcoin's fees begin to skyrocket again following skyrocketing Bitcoin network activity, more of Bitcoin's activity will move to wrapped BTC on chains like TRON which are fast, extremely liquid, low fees, and accepted in most places. While this will allow everybody to afford to transact with Bitcoin, it will also cannibalize Bitcoin's dominance. Chains that are similar to TRON which can capture a large share of Bitcoin's economic activity by acting as Bitcoin's layer 2, and in doing so are burning their native token for fees, are going to see their circulating supplies drop very quickly because of money earned and burned from fees, and their prices increase much faster than BTC. It would not surprise me to one day see BTC completely lose it's dominance as the largest crypto to coins which have better fundamentals, especially where they have very high fee revenue and burn rates like TRX, and are significantly faster, more scalable, and turing complete. Either way, I don't think we will ever see BTC's dominance this high again, especially as regulations in the US and around the world begin to favor BTC less and create a fair playing field with other cryptocurrencies.
CRYPTOCAP:BTC.DShort
by Intuit
What are your thoughts on what's to come for SPX500?I think we're in for a sell to the previous structure high. Obviously a "Counter trend entry" to ride until we return bullish. Just my Thoughts.....What's your opinion? Thesis: Bearish Bias break and retest (however either play is at hand). Wait for a break and retest Notes: Every Bull run has had a correction to the previous structure high. Following that trend. A Retest would be a 50% prz. for the recent move and right around 23.6% prz for the entire move. Daily: Bullish, Trading in a minor consolidation for the past few days. -Reversal pattern with Doji (Loss of momentum) & Bearish Hammer. -Con: Seller Exhaustion wicks under support H4: Bullish ( **Hidden Bearish Divergence @ Minor resistance lvl) look for possible sell off H1: Bullish
BLACKBULL:SPX500Short
by brianfj
7
Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart! A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out: Daily Chart- *Price made its Lowest Low @ .0805 *Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern. *Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears! 1Hr Chart- *Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation! *Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels: ( .1355 - .1440 ) ( .1700 - .1800 ) ( .1990 - .2200 ) **If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
BINANCE:DOGEUSDLong
by Novi_Fibonacci
1
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH. Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
4
NZD/USD Bullish reversal setup and trade planDivergence Setup: The RSI shows bullish divergence, where the price is making lower lows, but the RSI is making higher lows. This suggests a potential reversal to the upside. Trendline Break: A descending trendline has been drawn connecting lower highs (LH) and lower lows (LL) on the chart. The recent candle seems to be testing or breaking this trendline, which could signal a reversal if it holds above. Entry: A "Buy Limit" order is placed at 0.59820, just below the current price. This suggests waiting for a slight retracement for a better entry point. Stop Loss: The Stop Loss is set at 0.59498, below the recent low, aiming to protect the trade if the price moves against the setup. Take Profit (TP): TP1 at 0.60140, which is a conservative target. TP2 at 0.60460, a higher target. This trade plan is set up for a potential bullish reversal based on RSI divergence, trendline break, and Fibonacci retracement levels. The entry and take profit levels are positioned to capture gains if the price reverses upward, while the stop loss limits downside risk.
Long
by Naqash16046
What is Divergence?Divergence in trading occurs when the price of an asset moves in the opposite direction of a technical indicator. This mismatch indicates that the momentum behind the price action may be weakening, often suggesting a potential reversal. By learning to spot divergence, traders can anticipate market changes, either as a reversal in trend (regular divergence) or a trend continuation (hidden divergence). Types of Divergence Regular Divergence Hidden Divergence 1. Regular Divergence Regular divergence is a classic form that suggests a potential trend reversal. It happens when the price action and an oscillator (like RSI or MACD) display conflicting information, often indicating that the current trend may be losing strength. Types of Regular Divergence: Bullish Regular Divergence: Occurs when the price makes lower lows, but the indicator makes higher lows. This suggests a potential reversal to the upside as the selling momentum weakens. Bearish Regular Divergence: Occurs when the price makes higher highs, but the indicator forms lower highs. This indicates potential downside momentum, often preceding a downtrend. How to Identify Regular Divergence: Use an oscillator such as the RSI, MACD, or stochastic indicator. Look for situations where the price action forms new highs or lows, while the oscillator forms opposite lows or highs. Confirm the trend by observing the price trendlines to determine the type of regular divergence (bullish or bearish). Trading Regular Divergence: Bullish Regular Divergence: When you identify bullish regular divergence, consider entering a long position once the price shows signs of reversal, like a bullish engulfing candle or another bullish reversal pattern. Bearish Regular Divergence: For bearish regular divergence, a short position may be taken once you confirm a bearish reversal pattern, such as a bearish engulfing candle or shooting star formation. Example: If the price of a stock is making higher highs but the RSI is making lower highs, this is a bearish regular divergence. You could consider shorting the asset or closing long positions as a precaution, anticipating a potential trend reversal. 2. Hidden Divergence Hidden divergence indicates potential trend continuation. It suggests that although there may be a pullback, the primary trend will likely resume. Types of Hidden Divergence: Bullish Hidden Divergence: Occurs when the price forms higher lows, but the indicator makes lower lows. This pattern signals that the uptrend is likely to continue. Bearish Hidden Divergence: Occurs when the price makes lower highs, but the oscillator makes higher highs, indicating a potential continuation of a downtrend. How to Identify Hidden Divergence: Observe the trend direction of the price. Hidden divergence typically appears during pullbacks in a strong trend. Use the oscillator (RSI, MACD, etc.) and compare the highs and lows formed by both the price and indicator. Confirm the pattern: if the price and indicator form opposing highs or lows, it may indicate hidden divergence. Trading Hidden Divergence: Bullish Hidden Divergence: Enter a long position after identifying bullish hidden divergence, especially if the primary trend is upwards and the oscillator is showing a lower low. Bearish Hidden Divergence: A short position can be considered when bearish hidden divergence is identified, and the primary trend is downwards, with the oscillator showing a higher high. Example: Suppose an asset’s price makes higher lows in an uptrend, but the RSI makes lower lows. This indicates bullish hidden divergence, suggesting that the pullback might end, and the uptrend is likely to continue. Enter a long position, placing a stop loss below the recent swing low to manage risk. Indicators Used for Identifying Divergence Relative Strength Index (RSI): RSI measures the strength and speed of price movement, making it ideal for identifying overbought and oversold conditions. Moving Average Convergence Divergence (MACD): MACD tracks the difference between two moving averages of the price and can be used to detect shifts in momentum. Stochastic Oscillator: This oscillator helps detect potential turning points by comparing the closing price to the range over a set period. Each of these indicators helps identify divergence differently. For example: If RSI or Stochastic is diverging from price action, it may indicate that momentum is waning. MACD can be useful to spot both regular and hidden divergences, especially on larger timeframes. How to Trade Divergence Confirm Divergence: Use divergence to identify a potential reversal or continuation pattern, but confirm it with additional signals such as candlestick patterns or volume analysis. Set Entry Points: Wait for a price action signal (e.g., a candlestick pattern) in the direction indicated by the divergence. A bullish divergence might signal a buying opportunity after a bullish candlestick, while a bearish divergence could indicate a selling opportunity after a bearish pattern. Use Stop Loss Orders: Place a stop loss slightly below or above recent highs or lows to manage risk. For example, in bullish divergence, place a stop loss below the swing low to protect against downside risk. Set Profit Targets: Use support and resistance levels, Fibonacci retracement levels, or moving averages to set profit targets. Tips for Successful Divergence Trading Combine with Other Indicators: Use moving averages or trendlines to confirm the overall trend direction. Choose Longer Timeframes for Stronger Signals: Divergence on longer timeframes (e.g., daily or weekly) tends to produce stronger signals than shorter timeframes (e.g., 15-minute or hourly). Don’t Trade Divergence in Choppy Markets: Divergence is more effective in trending markets. Avoid using divergence in low-volume or range-bound conditions, as it could result in false signals. Stay Aware of False Signals: Not all divergences result in profitable trades. Always use risk management tools, such as stop losses and position sizing, to minimize potential losses. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
USDJYP - Technical Analysis [Short Setup]🔹 USDJYP Analysis on 4H chart - The current Trend is BULLISH - There is BEARISH divergences - Reversal pattern is present which is rising wedge 🔹 Trade Plan For 1HR - Entry Level = 149.093 - Stop Loss = 149.656 - TP1 = 148.545 - TP2 = 147.982 - TP3 = 147.397 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 - Third TP is 1:3 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR - Take 1% risk entry with 1:3 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
EUR/USD Long Counter-Trend Setup (4H/8H Timeframes)I’m looking at a long counter-trend trade on EUR/USD based on several technical confluences across multiple timeframes. Market Sentiment: Currently, risk sentiment is “risk-off,” which has pushed the dollar higher, but now we’re seeing signs of a potential reversal in both EUR/USD and the Dollar Index (DXY). Key Observations: Engulfing Candles on the Daily Timeframe: Both EUR/USD and DXY have printed engulfing candlestick patterns on the daily chart. This could signal a potential reversal, with the momentum shifting in favor of EUR/USD. Monthly 20 MA: The 20 MA on the monthly chart is being tested on both EUR/USD and DXY, adding to the importance of the levels we’re currently observing. A bounce or break here could trigger significant moves in either direction. 5 EMA Hit Probability: On the weekly timeframe, the 5 EMA lines up with my 4H target. Historically, if a session doesn’t hit the 5 EMA, the next one has a higher probability of doing so, something to be mindful of as we approach the weekly close. Divergence on Multiple Timeframes: MACD divergence is present on the 4H and 8H timeframes for EUR/USD, suggesting weakening downside momentum. Additionally, there’s a bearish divergence on DXY and a bullish divergence on EXY (Euro Index), further supporting the case for EUR/USD upside. Conclusion: With the alignment of these factors—candlestick patterns, moving averages, and divergences—this setup presents a solid opportunity for a long counter-trend trade on EUR/USD. While it’s a counter-trend trade, the confluences from multiple timeframes increase the probability of success. Keep in mind that this trade is aligned with technical signals and risk sentiment, so proper risk management is essential.
Long
by RemcoTradeFX
2