Another bearish divergence example
Forgot to share this Friday afternoon. Just another example of the strategy I use on a daily basis, while most of them I take are “hidden bearish divergences” this is what is called a “regular bearish divergence”.
As you can tell, we broke above both the 200ma and VWAP around 12:30 EST, and TSI at the bottom topped out and we had a very small pullback, then went on and broke previous high. BUT, if you look at TSI, when we made those new highs, we made lower highs there, this is a bearish divergence.
When I see this, I always wait for the sell signal on the indicator I use, then I take the trade, I like to see multiple confirmations before pulling the trigger, which everyone should be doing the same! I purchased $562 Puts 0DTE, and was able to nab 30% fairly quickly after entering.
I post these examples a lot, and a bunch of you have gotten a lot of value from it, even some that have been using this with a lot of success and I’m super happy about that, if you have any questions, feel free to ask! It’s Sunday and I’m an open book, hope everyone has had a great weekend!
Let’s kill it this week coming up. 😄
Forgot to share this Friday afternoon. Just another example of the strategy I use on a daily basis, while most of them I take are “hidden bearish divergences” this is what is called a “regular bearish divergence”.
As you can tell, we broke above both the 200ma and VWAP around 12:30 EST, and TSI at the bottom topped out and we had a very small pullback, then went on and broke previous high. BUT, if you look at TSI, when we made those new highs, we made lower highs there, this is a bearish divergence.
When I see this, I always wait for the sell signal on the indicator I use, then I take the trade, I like to see multiple confirmations before pulling the trigger, which everyone should be doing the same! I purchased $562 Puts 0DTE, and was able to nab 30% fairly quickly after entering.
I post these examples a lot, and a bunch of you have gotten a lot of value from it, even some that have been using this with a lot of success and I’m super happy about that, if you have any questions, feel free to ask! It’s Sunday and I’m an open book, hope everyone has had a great weekend!
Let’s kill it this week coming up. 😄