Possible Bearish Divergency - Hannover Rueck

HNR1

There might be another bearish divergency coming with Hannover Rueck. There was a first one mid september (see first red arrow in MACD). The downtick of the MACD completed a bearish divergency, as prices moved to a higher value but MACD to a more shallow high. Going short with the downtick would have meant possibly going in at 120. Completing the pullback into the value zone between the EMAs and buying with around 118.

Now a second bearish divergency is emerging. As long as MACD stays as shallow as it is and there is a down tick this is a signal to go short.
Note that the weekly shows trending long and Elder impulse is both green in weekly and daily. So far selling is permitted.
Take it at your own risk. A pullback to value is possible here.

Entry might be around 121
Stop loss at 122
Profit taking at 119

Let me know what you think.

Dagangan aktif:

Watch MACD, only when it ticks down from the previous day and is still shallower then the recent high, then go short.

Dagangan aktif:

Continue watching. Still possible divergence

Dagangan aktif:

Bearish Divergence in place.
I will go short with 120.07

Dagangan aktif:

MACD spiked again and has risen higher, so the divergence is not in place. My stop is at 122.9 but still short.
If MACD ends shallower again today a new approach to the bearish divergence is taken.

Dagangan aktif:

Bearish divergence in progress. MACD gave a shorting signal.

Dagangan ditutup: sasaran tercapai:

Profit target overachieved. Closing position at 116.
Congrats to all who have been shorting this.