ES divergency on multiple timeframe

This nice downmove was being setup entire night as you can see the buildup of divergencies on both 5min and 15min. Divergence shown on 5 min is the right half of the divergence shown on 15 min, so it is divergence within divergence on multiple timeframe. on 1 hour chart, you can see that MACD did not show the divergence while TRIX did, so while they both are very similar in most cases, TRIX in general shows more divergencies, based my observation. Fibonacci retracement and extensions are also drawn on the charts to show how they can be great advantage when used properly.

ES with divergencies/pattern/fib extension/trendline

15m chart on the left shows good examples of divergencies on MACD giving good clue as to which way it is going next, both the drop and the pop. Thrown in to help with the analysis are the double top and inverse head and shoulders patterns, fibonacci extensions and the trendline. you can see that this divergence being formed took hours so that you had a lot of time to watch and analyze before making trading decision.

6E - Divergences and Fibs on 4h/Daily/Weekly

6E has been in a long downtrending channel/wedge for several months as it made lower low everytime it tried to bounce continuing to build positive divergence. Daily and 4hour charts show this diverging action, and finally on clear 4hour chart positive divergence and supportive daily chart, made upmove breaking out of the declining resistance trendline. Notice the fib extension and fan lines in play on weekly chart. As the weekly stochastic has just turned up, it is possible this could be a substantial reversal as the market moves in cycles.

ES - Divergences on 1hour/4hour/daily

ES shows divergencies on multiple timeframe charts, so far. Difficult thing about trading divergencies is that its not easy to tell just when it completes the pattern, as the price and indicator can continue to diverge for quite a while.  It is also possible for the divergence pattern not make the big move, but make small move, then consolidate to negate it, going opposite direction. But, I am not too bullish from this setup on the charts. Usually when there is divergence on longer term chart, very obvious divergence on shorter term chart is where it breaks. If this works out, has potential to make pretty big move.

6E Topping pattern and Fan pattern

6E is in downtrend, and the charts show a topping pattern within this downtrend as the indicators show negative divergence and the moving averages showing a fan pattern. 15 minute chart on the right shows steadily declining 200 sma in red line, where the price met with resistance at the 100 sma in light blue line, forms the topping pattern and moves down lower. This shows how moving averages are useful in showing the trend and providing resistance where trend traders can enter the trade in the direction of the trend. Notice on the 5 minute chart on the left that all trendlines are flatlining until it began to break lower, indicating more move is to come to the downside.