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Potentialreversalzone

Zomato Ltd. - Head and Shoulders PatternA potential Head and Shoulders pattern is visible on the daily chart, signaling a possible trend reversal. Here's a detailed breakdown: Pattern Highlights: Left Shoulder: Formed in mid-August with resistance near ₹279.60. Head: A peak in September crossing ₹279.60 but failing to sustain. Right Shoulder: Currently forming, respecting the resistance zone at ₹279.60. Key Levels: Neckline Support: ₹238.99. A decisive close below this level could trigger a bearish breakdown. Resistance: ₹279.60, acting as a strong barrier for bullish momentum. Indicators: RSI (Relative Strength Index): Currently neutral but showing potential weakening momentum. Moving Averages: Price hovering near the 50-day EMA, with the 200-day SMA as a key support level. Potential Scenarios: Bearish Breakdown: A close below ₹238.99 may open doors to lower levels, with the first target around ₹220. Bullish Invalidity: A breakout above ₹279.60 could invalidate the pattern, leading to further upside momentum. Volume Insights: Noticeable volume reduction in the right shoulder formation, aligning with the classic characteristics of this pattern.
NSE:ZOMATO
by AngshumanSaikia
Bearish Continuation with Potential Reversal!OANDA:XAUUSD 4H Chart Current Price: 2563.200 Descending Channel: A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally. Bearish Continuation Pennant: A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price continues lower, with sellers in control. A breakout to the downside confirms the continuation of the bearish trend. RSI Bullish Divergence: RSI Bullish Divergence occurs when the price forms lower lows, but the Relative Strength Index (RSI) forms higher lows. This indicates a weakening downtrend and suggests that the bearish momentum is slowing, potentially signaling a reversal to the upside. Key Levels: • Strong Pivot: 2578.125 • Ultimate Support: 2500.00 • Major Resistance: 2656.379 Outlook: After analysing, we can see that the price has been rejected multiple times from Strong Pivot at 2578.125, and has formed a Bearish Continuation pattern. Since the RSI is below the 50 line, it is still considered bearish territory, so the price is most likely to drop to the Ultimate Support (psychological level). Then, we expect the RSI Bullish Divergence to show its effect and push the price back to the Strong Pivot (2578.125). After a breakout of this level, we expect the price to reach the Major Resistance at 2656.379. Happy Trading
OANDA:XAUUSD
by SpicyPips
1
LDO ANALYSIS📊 #LDO Analysis ✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending Channel. Currently the coin is trading sideway. We would see a good price moment in few weeks 🧐 👀Current Price:  $1.093 🚀 Target Price:    $2.024 ⚡️What to do ? 👀Keep an eye on #LDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #LDO  #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Potential Correction in XAU/USD After Recent Bull RunThe price of XAU/USD has experienced a significant upward rally from $2,605 on October 10, 2024, to $2,741 as of October 21, 2024. This impressive bull run has been largely driven by market euphoria surrounding expectations of interest rate cuts. Investors have flocked to safe-haven assets like gold in anticipation of a looser monetary policy, boosting its appeal and driving prices higher. However, despite the ongoing bullish sentiment, there are signs that a potential correction may be on the horizon. When analyzing the recent movement using the Fibonacci retracement tool, the golden ratio (61.8%) suggests a key level of potential support around $2,695. This level could act as a corrective target for profit-taking or a temporary pullback before the next leg higher. A retreat to $2,695 would align with the natural ebb and flow of price action after an extended bullish phase, providing an opportunity for the market to consolidate gains before resuming its upward trend. In the 15-minute chart, XAU/USD is currently forming a bearish rising wedge pattern, a technical signal often associated with potential downward movement. This formation indicates that the recent bullish momentum may be losing steam, suggesting a reversal could be imminent. The narrowing price range within the wedge hints at weakening buying pressure, setting the stage for a possible breakdown. Given the recent extended rally, traders may begin to take profits in the near term, especially as the upward momentum in XAU/USD shows signs of exhaustion. This could lead to increased selling pressure, amplifying the likelihood of a short-term correction. If the price breaks below the lower boundary of the wedge, it would confirm the bearish signal, increasing the chances of a move towards key support levels, such as the previously mentioned $2,695 level. Traders looking to capitalize on this setup should closely monitor the price action for a clear breakdown, as it could offer strategic entry points for short positions or profit-taking opportunities for long traders. Traders and investors should keep a close eye on this level, as a confirmed correction could present buying opportunities for those seeking to enter the market at a lower price. Conversely, if the price holds above key support levels, the bull run could continue, especially if macroeconomic factors such as additional rate cuts or geopolitical tensions further fuel gold's allure. In conclusion, while the recent rally has been impressive, prudence suggests being prepared for a potential correction, especially with $2,695 emerging as a key technical level to watch.
OANDA:XAUUSDShort
by fardycurry
LEVER ANALYSIS🚀#LEVER Analysis : 🔮#LEVER is trading in a symmetrical triangle pattern on the daily timeframe Also there is an instant support zone💁‍♂️ We could expect a breakout of the symmetrical triangle pattern and could expect a potential bullish move📈 Expect a bullish wave of around 25% in the coming weeks 🔰Current Price:  $0.001865 🎯 Target Price:   $0.002310 ⚡️What to do ? 👀Keep an eye on #LEVER price action. We can trade according to the chart and make some profits⚡️⚡️ #LEVER  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
AI ANALYSIS🔮 #AI Analysis 💰💰 🌟🚀In daily chart we can see a formation "Falling Wedge Pattern" in #AI. Currently #AI is testing its major resistance level. If #AI breaks and holds this resistance then we will see a good bullish move.💲💲 🔖 Current Price: $0.397 ⏳ Target Price:    $1.260 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AI. 🚀💸 #AI  #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
ETH ANALYSIS (potential reversal)🔮 #ETH Analysis  🚀🚀 As we can see that #ETH was trading in a descending channel and given a breakout and make a bullish movement and right now same structure is forming and at the crucial support zone. We can see bullish movement or a reversal from its crucial support zone 💸 💯🚀 💸Current Price -- $2740 📈Target Price   --  $3950   ⁉️ What to do? - We have ETH crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ETH #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
NQ Power Range Report with FIB Ext - 11/9/2023 SessionCME_MINI:NQZ2023 - PR High: 15360.00 - PR Low: 15344.50 - NZ Spread: 34.5 Key economic events 08:30 – Initial Jobless Claims 14:00 – Fed Chair Powell Speaks Prev session closed virtually flat - Holding the highs Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Gap 8/2: -0.33% (open > 15807) - Gap 7/20: -0.11% (open > 15939) - Session Open ATR: 235.38 - Volume: 18K - Open Int: 265K - Trend Grade: Neutral - From ATH: -8.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15247 - Mid: 14675 - Short: 13531 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Long
by mv3trader5
United Bankshares Inc (UBSI) Reports Q3 2023 Earnings:United Bankshares Inc (NASDAQ:UBSI) released its Q3 2023 earnings report on October 25, 2023. The company reported earnings of $96.2 million, or $0.71 per diluted share, compared to earnings of $92.5 million, or $0.68 per diluted share, for Q2 2023. Despite the challenging environment, UBSI demonstrated resilient performance with accelerated growth and profitability. The Moving Average(MA) on UBSI is quiet impressive sighting a potential surge in price after the 3rd Quarter Reports. Performance and Challenges UBSI's Q3 2023 results produced annualized returns on average assets, average equity, and average tangible equity of 1.31%, 8.14%, and 13.71%, respectively. This is an improvement from Q2 2023, which saw returns of 1.26%, 7.96%, and 13.47%, respectively. However, these figures were lower than the Q3 2022 returns of 1.41%, 8.96%, and 15.46%, respectively. Financial Achievements Net interest income for Q3 2023 increased by $992 thousand, or less than 1%, from Q2 2023. This was primarily due to the impact of rising market interest rates on earning assets, a change in the asset mix to higher earning assets, and lower average balances of long-term borrowings. However, this was partially offset by higher interest expense driven by deposit rate repricing and higher average balances of interest-bearing deposits. Income Statement Analysis The provision for credit losses was $5.9 million for Q3 2023, a significant decrease from $11.4 million for Q2 2023. This decrease was mainly due to a decrease in qualitative adjustments and the impact of reasonable and supportable forecasts of future macroeconomic conditions, partially offset by additional provision expense due to loan growth. Noninterest income for Q3 2023 decreased by $1.5 million, or 4%, from Q2 2023. This decrease was primarily due to a decrease in mortgage loan servicing income of $9.0 million, partially offset by lower net losses on investment securities of $7.2 million. Company's Performance Analysis Despite the challenging environment, UBSI demonstrated resilient performance with accelerated growth and profitability. The company's effective management of its assets and liabilities, coupled with its strong capital, liquidity, and asset quality positions, contributed to its robust performance in Q3 2023. However, the decrease in noninterest income and the increase in net interest income indicate that the company may need to adjust its strategies to optimize its income sources. Furthermore, the decrease in the provision for credit losses suggests that the company has been effective in managing its credit risk. Overall, UBSI's Q3 2023 earnings report shows a resilient performance. The Relative Strength Index (RSI) and Moving Average (MA) all indicating a potential surge in the stock amidst a challenging environment. The company's strong financial position and effective risk management strategies have enabled it to maintain its profitability and deliver value to its shareholders.
NASDAQ:UBSILong
by DEXWireNews
BTC-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. BITCOIN (BTC) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of BTC-USD pair till PRZ.
BITSTAMP:BTCUSDLong
by haroonsiddiki
NZD-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. NZD-USD Forex pair is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument.
Long
by haroonsiddiki