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5-0-pattern

ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet. We are expecting that the price will break down and continue the previous downtrend. The stochastic shows us that the price is overbought but it is not pointing downwards yet. How to trade: Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation. Do not forget about the stop loss to protect your capital.
NYSE:ADTShort
by vf_investment
1
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down. However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern. Be patient for the break out to occur. Targets in blue.
Long
by FieryTrading
11
🔥 FTM Massive Inverse Head & Shoulders: Big Move ComingEver since FTM topped early February, we've largely been trading bearish. However, with FTM finding support around the $0.40, it seems that this token is printing an inverse head & shoulders pattern, which is classically a bullish reversal pattern. High-risk traders might want to enter the trade already and look for further upside. I will wait for the confirmation & break out of the H&S pattern. Wait for a break of the neck-line. Near-term targets in blue.
Long
by FieryTrading
6
Analysis of Apple Inc. (AAPL) StockThis technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions. Inverted Head and Shoulders Pattern The inverted head and shoulders pattern in this context is a bullish continuation pattern that signals a potential move to continue an uptrend. In my previous analysis, I highlighted the possibility that AAPL would break through the resistance level around $156, which has since occurred. Following the breakout, the stock experienced a pullback to the breakout zone, as predicted. Potential Scenarios Bounce to $166: If AAPL maintains its position above $156 and daily candles do not close below this level, there is potential for the stock to bounce up to the $166 area. This scenario would indicate a successful breakout, retest and a continuation of the bullish trend. Failed Breakout: If AAPL fails to hold above $156 and daily candles close below this level, it would signal a failed breakout. In this case, the stock could quickly move back to $145 and potentially lower. Market Dependency The future performance of AAPL will largely depend on the overall market and its influence on the S&P 500 Index (SPX), as AAPL is a significant component of the index. The stock's ability to push higher or experience a bearish rejection will be influenced by broader market trends. The recent breakout of AAPL above the $156 resistance level and subsequent pullback to the breakout zone align with my previous analysis. The stock's future performance will be influenced by its ability to maintain its position above $156 and broader market conditions. Traders should closely monitor market developments and be prepared to adjust their strategies based on new information, keeping in mind the potential scenarios outlined above.
NASDAQ:AAPL
by bitdoctor
NZDCHF Same Bearish Outlook, Short Term Sell Setup Similar like NZDUSD, we can also expect a bearish development on NZDCHF. As usual, after an impulse phase, price formed a continuation correction to correct the impulse. From the correction, there is a confirm impulse push down the price. This is good confirmation of bearish trend. Now price has form another smaller correction, watch for price to break out and look for lower time frame entries to sell to previous lows.
Short
by jojofang0901
2
NZDUSD Bearish Development, Watch For Sell Hello traders: Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure. After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction. This is usually a good sign that the bearish momentum is still strong and more continuation is very possible. Wait for lower time frame development to confirm the bearish trend to the next swing lows.
Short
by jojofang0901
🔥 Bitcoin Triangle Consolidation: Wait For Break OutBTC has been trading inside a triangle pattern over the last couple of days, making it fairly unclear where the price will go in the short-term. In these cases, it's generally better to wait for the market to tell you where it wants to go. I'm going to wait for BTC to break out of the triangle. Bottom two blue targets are the bearish targets, top two blue targets are the bullish targets. Be patient for the market to give you the clarity you seek.
Long
by FieryTrading
11
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns? In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for. Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation. Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend. A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend. However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
A Forced Push: Next move still bearishHello Traders! Welcome back to another trade with analyst Aadil1000x. Previously I was expecting an instant drop but it was invalidated immediately after a forced push. These type of moves occurs when the market wants to change its structure. The Next move is still bearish as it is going to break the trendline which is at the bottom but later we will see a bullish move. The market is not going anywhere it will remain in the range. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
ETH. On the verge of starting its next leg up. $2000 is NextETH has been correcting for 8 days now..forming what is to me an obvious sideways correction This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts. A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while. With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH. I have been long ETH via perps from $1430 and have been adding to my position under $1800 $1950 is a solid profit taking level Good Luck Everyone!
KRAKEN:ETHUSDLong
by Brenvest
Bearish Entry Signal in AUDUSD at 0.66685 LevelThe AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price to rebound slightly higher, and then break the pattern with clear momentum at the level of 0.66685. Breaking this level and stabilizing below it can be considered a bearish entry signal, with the target being 0.660 and then 0.657. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
A Butterfly Harmonic Pattern in NEO🔆NEO network governance token and valid 1️⃣The possibility of forming a butterfly harmonic pattern in this symbol 2️⃣The combination of Fractal, Alligators and Awesome indicators have issued a buy signal in this symbol in weekly time. 3️⃣ Condensation of valid Fibonacci levels of XA return, projection of AB from C and BC expansion at point D in pattern. 4️⃣ According to the time analysis and if this analysis is not violated, there is a price rise to about 224 to 250 dollars until the end of October 2024 (long term). 5️⃣ I have also used Endor fork to draw the path of this currency. The best price target in the medium term is the middle line of the fork, if the price does not leave the bottom of the fork. 6️⃣ RSI and QQE MOD oscillators were also examined and confirm the buy position. 🚫 It is forbidden to buy at once with a high amount money. ⚠️Purchase only in steps and week by week with the same amount (for example, every Sunday 50$) both in the medium and long term. According to the type of investment, the stop loss has not been determined. You can determine the stop loss based on the following criteria. ✅ C point in pattern (big loss). ✅ The first inverse fractal (about 9$). ✅ Use of ATR with a period of 14 weeks and a multiplier of 1.5 to 2 ******************************************* This is just an analysis based on my personal knowledge and I disclaim any responsibility for making decisions based on it. Please follow me and like this analysis if you enjoyed it If you have an opinion or an idea in this regard, be sure to comment on it.
Long
by pirooz_trader
AUDUSD Can Push Lower, Wait For Sell Setups From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame. Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here. This week, wait for the correction to complete, to confirm another impulse phase on the lower time frame. Be careful price sometimes has tendency to turn the current correction to be a reversal, so break above the highs and form bullish price action will void this forecast and outlook.
Short
by jojofang0901
5
🔥 Bitcoin On Fire After FOMC: Bottom Is In!Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough! In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced. In the short-term, I'm looking at $28,5k and $29k as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
Long
by FieryTrading
15