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- Newbie Guide to understand Divergence.
Understanding Divergence,below example (over-sold position) used on 5-minute RSI. Cable retraces to ...
EUR/USD appears to be in c-leg higher of minor a-b-c up from June 13, thus room to 12670/12690. Expect failure into 12690 and a relapse back to 12575/12530. Below 12480 should threaten 12405 then key 12325 (below confirms renewed bear for return ...
Given low volume readings, potential for implosion on break of 18530. Preferred view is that a larger [B] wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. Pressure on for 18530/18495 initially then 18415/18335. Close above ...
chart looks toppy
Our preferred view on cable is that a larger [B] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18495. Below focuses on 18415/18335 followed by 18200. Reclaiming 18745 turns tide again. Close ...
The spike is on my charts too!
Preferred view is that a larger [B] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18600. Below here should threaten 18495 next and below here 18200. Close above 19015 however negates bear view ...
Cable forms a (latest) high, but the Rsi doesn't, this is typical divergence in over-bought position and buying runs out of steam ( on 5 minute chart). image
I see Cable is still trending in below channel, i'm calling a short from here for a day trade in next few hours or when London opens.
Understanding Divergence,below example (over-sold position) used on 5-minute RSI. Cable retraces to ...
I think cable is looking a very good short medium term, i think it will consolidate to high 1.70's to low 1.80's. I can certainly see it chasing that trend line at just below 1.84 area. I feel the correction will take place around July time, unless ...