Previous trend easily breached, new trend showing a double top (indicated by arrows) which is a harmonic reversal pattern and could be an indication for bearish price action. MACD saw negative divergence on the double top as well, indicating the trend is losing strength. But the trend just broke out and it is also rational to suggest it is unlikely a correction...
Green trend lines represent the slightly longer term trend while the red lines show the short term trend. MACD negative divergence shows the down trend is running out of juice. Fibonacci trend (long term) had a slight 0% breach but bounced back. This has led me to believe NIFTY will test the resistance and touch levels from 10380-10400 before coming back down. RSI...
Negative Divergence developed on Stochastic and MACD Indicators coupled with heavy selling of 800 Calls by bears. One can sell for the target at 760 and below. Stop Loss may be placed at 800. All the best.
Hi,
The MACD Is just crossed but volume is low. The MA line is going to cross. The Ressistance above the head @ 2850. if it break that resistance may go to the next 2900.
Education purpose only.
Suggestions are welcome.
With Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY).
This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.
BTCUSDT:BINANCE 4 HRS
As we see BTC is following the downtrend since last two days, although trying to keep up but somehow fails to achieve it.
as it seems breaking the support level at 9700 will give us a indication of falling into a bearish market, followed with a downtrend confirming with macd & rsi.
similarly breaking the 11000 resistance level will give us...
Looking into EMA and MACD, it seems just dial is on run for down trend. Only time will tell, who will dominate? bear or bull!!!!
What is your idea on it?
The trend lines in blue are for a the short term trend, and the trend lines in red are for the shorter terms trend. We see a a wedge created by the short term trend, and the point of the wedge XRP shot below the bottom trend line and sustained for over 5 sessions, confirming the down trend. The shorter trend shows downward parallel channels, meaning XRP could be...
A friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back.
Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well.
Normally I am long...
JKTYRE weekly chart study
1) Triple top bearish divergence on RSI
2) MACD bearish divergence showing depleting strength in the prevailing bullish trend
3) In coming days it could test 155-150 level.
4) below 135 the correction up to 100 could be quick and swift
