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Rsi_divergence

Big Fall in CrudeOilThe markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc. Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%. Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from where it fell down. In last month it tried to break the supply zone but it failed. It is clearly visible on weekly timeframe that it couldn't break the supply zone. On the Daily timeframe we can see the formation of Head and Shoulder pattern from which it has broken down the neckline yesterday. Right shoulder was made from the strong resistance at 8850 from where it got rejected twice. It is also forming a downward moving channel. On 4 hour timeframe it has broken down the support with good amount of volume. Today it is moving in lower part of the channel and I think the closing of the candle will be below 8100. The MACD and RSI have turned bearish on multiple time frames. If the price of USOIL sustains below $100, we can see further down move in the coming weeks or months. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
Editors' picks
MCX:CRUDEOIL1!
by Immature_Snorlax
15
BREAKOUT IN IT SECTOR Indian IT Sector is very close to the breakout area. This breakout from the falling bear channel is also supported by RSI as we can see the Higher Highs and Higher Lows formation. Look for an entry in fundamentally strong leaders of this sector. !!! This is not an investment advice and do your own due diligence before investing/trading on any script !!! !!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
NSE:CNXITLong
by ironscar_11
INFY RSI DIVERGENCEInfosys is making a series of lower highs and lower lows for the past 70 days, whereas the RSI is continuously making higher highs and lower lows. This divergence can be spotted easily on the Daily Timeframe. Also, we can see a bullish closing on weekly basis. We can see an upside momentum in this stock soon. 1420 level can be taken as a stop loss 1450-1470 is a good entry point. !!! This is not an investment advice and do your own due diligence before investing/trading on any script !!! !!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
NSE:INFYLong
by ironscar_11
bitcoin pullback trade setup after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the pattern indicates the up move possibility duration of the trade could be short term trade with proper risk management and position sizing
Long
by Jimmy_Rebello
Perfect example of DOUBLE BOTTOM With DIVERGENCENSE:VOLTAS Double bottom is always a perfect pattern for LONG ENTRY. But I prefer to add some more factors which increases my probability to achieve the target. In this analysis tutorial, we will learn that. * After falling wedge pattern breakdown Stock momentum is exhaust near a good Support. - Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for the Next GOOD SUPPORT - RESISTANCE, Because one sided move Creates a Doubt( maybe its a TRAP for a RETAIL TRADER like us). - ONE SIDED BO-BD can be a FAKE BO-BD ( In Mostly cases ) - And incase, If it's not a Fakeout - Fakedown, But a genuine one and we missed that - DON'T PANIC - Never entered in FOMO because this can spoil our RR. - THIS STRATEGY IS A SOLUTION FOR ALL THE ABOVE SITUATIONS. * And at that support( IN BIGGER TIME FRAME) I Found BULLISH DIVERGENCE. - Divergence is basically a manipulation by a big players. - In Bullish divergence with the help of some OSCILATTORS we see PRICE IS DECREASING but AVERAGE PRICE or STRENGTH or VOLUME is INCREASING. - {Opposite in BEARISH DIVERGENCE} - But if there is not any SUPPORT - RESISTANCE - - - - - IGNORE THAT AND NEVER ENTER. - Because WE FOLLOW ONLY&ONLY PRICE ACTION, Indicators is secondary. - And basic principle of PRICE ACTION is - NEVER ENTERD WITHOUT A SUPPORT RESTISTANCE ZONE OR TRENDLINE SUPPPORT OR ZONE. * When this stock Follows all rules of BULLISH DIVERGENCE I took a LONG ENTRY. - COMMENT if you wants to know all the RULES of DIVERGENCE. * Now chart pattern shows a signal of UPSIDE MOVE and our Divergence setup gives us a confirmation of that SO I ENTERED and ACHIEVED THE TARGET I hope this is helpful for beginners and a good revision for a pro players. DIVYA BIHARI DAS this side. THANKYOU SO MUCH. --------- COMMENT ----------- - Your Views - My Mistakes - Next Topic - Anything Relevant
NSE:VOLTASEducation
by DivyaBihariDas