GOOG daily MoneyStream Negative and leading negative divergence. GOOG has mostly traded in line, but the first relative divergence sent GOOG gapping down, now we have a leading negative divergence.
GOOG Daily in a small bear flag...
GOOG 60 min, the ideal trade would be for GOOG to re-enter the bear flag it just fell out of today, either inside or above would be even better, setting up a low risk/high probability short. I would set price alerts for such a move if you are interested in the trade.
GOOG 60 min positive divergence sending GOOG higher with good confirmation (green arrow), since a negative divergence sending GOOG gapping down and in this consolidation a leading negative divergence.
The 30 min chart shows the same, a negative divergence sending GOOG gapping down and a leading negative in the consolidation. Thus far it looks like GOOG's break of the bear flag is real and should be moving to a new leg down.
The 15 min chart. Confirmation of the uptrend to the left, a negative divergence on a head fake move above resistance which sent GOOG down in to a bear flag before it gapped lower. The the last white arrow is a positive divergence forming a bigger bear flag which has since gone negative and leading negative.
The 5 min chart just confirming the 15 min above.
Here's where the potential set up is, the 2 min chart has a relative positive divergence after GOOG broke from the bear flag. This could be enough to send GOOG back in to the bear flag, where it would likely set up a high probability/low risk short entry.
Let the trade come to you.
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