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Potentialreversalzone

USD Beginning to Shows Signs of Trend Change- Price was in a strong downtrend since the start of November to beginning of January - New year came along, Dollar has been consolidating/accumulating just slightly higher than the lows of the downtrend. - Bears have made multiple attempts at breaking the lows of the range but have not succeeded thus far. - If we do bounce from the bottom again, pay attention the midrange as it's tending to have strong downward pressure at that level. During natural market movement, we will always see price ebb and flow. Even if price seems to be trending for a long time, there will be a period of time where that trend will end and price will revert to fair value before continuing the trend move or reversing completely. To spot this we look for exhaustion. This will usually be signalled by a break of the trend. Price will, more times than not, begin to accumulate, especially if it has trended for a significant period of time. There will however be instances where price will just create a new high outside of the trend, retrace back and then continue making new higher highs and higher lows. In this example we see a very nice period of consolidation/accumulation. During this phase we are simply just ranging, we will be looking for longs at the bottom and shorts at the top until we actually do break out to either side. Bias is to break the upside but we will prepare for either.
FX:USDOLLAR
by TheCaffeinatedTrader
1
Are We finally ending Minor Wave 1 TodayThe data has been all over the place with the volatility. Are we in Intermediate wave 5? I think so Are we in Minor wave 2? I thought so, but the wave cycles were not clean. Are we in Minor wave 1? This is my thought today. If we really are in Minor wave 1, I assess we are at the end of it. The shock drop the other day on President Trump's tweet would make for a Minuette 4 instead of any larger wave. I assess this to be the case because it was took sharp and quick to have been a larger wave. With that said I am projecting the potential end of Minor wave 1 this morning. I have indicating the rough timeframe with the vertical dashed white line. I have placed 4 potential reversal levels and the reasoning behind each level. The top level was an original top, but I do not see a solid reason for this to be the resistance as of now. Sit back and enjoy. Projecting drop today through tomorrow?
SP:SPX
by StockSignaler
2
USD/CHF - Potential Double Bottom Reversal PatternHello Traders!, It seems that the USD may begin to gain back some strength, lets see how the currency plays out until the end of the week! What Is The Market Telling Us? Price has been consoldiating with a 40 pip range between 0.9608 and 0.9648 Market may be looking for BUY orders with having 2 bearish FAKEOUTS to trigger it Bulls have been battling the bears to keep price above the 0.9608 support level Potential double bottom has occured, indicating possible reversal of previous downtrend When Should We Enter? We can enter on the next clear bullish candle that appears above right above the support level This pair is still in a downtrend, so keep your SL tight just incase bearish volatility does come in RISK MANAGEMENT IS KEY!!
Long
by forexwithfred
A potential change for EURUSD*All analysis for this was completed on the 4H time frame* Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
Long
by niamh-forex
1
EURUSD IS BACK?! Price has came back to the same level as previous chart that i have attached. Last week, price came to this level and bounced up with more than 120 pips. Followed by another 120 pips drop too. So there is an possiblitiy that price will bounce up again BUT there is also possiblity that it is an TRAP move to inicite buyers to jump in only to get stopped out. I will wait for the price to BREAK the support for the confirmation of a trap move. But then again, you will have seen exactly same thing for GBPUSD also. There are simiarlity to those pairs.
by UnknownUnicorn4090857
1
KHC, Kraft Heinz Co. - Potential Breakout on H&SNASDAQ:KHC One of the best set ups. Currently on Kraft Heinz is developing a classic reversing head and shoulders. It is also one of the companies in the portfolio of the world's largest investor, Warren Buffett. If we think about the potential recovery on the stock value, the Risk Reward becomes remarkable and the % of trade realization at profit remains as usual around 45%. So we've set the alerts and we're waiting for a neckline breakout. Stay Tuned!
NASDAQ:KHCLong
by SwissTradingSchool
Cardano trying to brake the BEARMARKET and start new BULLTREND!The longer i look at chart ADA to BTC the more i have to think about potential breakout out of correction and probably finally chance to start a new trend. We saw big dump / recession which lasted almost 2 years , now we can see a slow consolidation / accumulation at the bottom of the charts for few months and contiuously gaining buy volume out of BULLS . Pump - Dump - Consolidation should be the end of the big market cycle. Are we ready for another bulltrend ? At the 3D chart we see great falling wedge pattern which is known as BULLISH for 70% of cases and mostly works like reversal pattern in bearmarket . After 1 and half year Cardano broke up the big downtrend resistance trendline a continuously gaining buy volume for 20 Days in a row . That volume is not so enormous but may be a good indicator of the reversal idea . At 1D chart we see the interest of ADA to breakout the symetric triangle at the bottom of the trend and strong accumulation zone PoC , and also the breakout happened through the resistance trendline of the great Falling Wedge in one time , so the timing was perfect. Just the volume was not so extreme. Here is the 1D chart : Also i connect 4H chart to see ADA come to confirm the trendlines as a support and continue with the actual uptrend. 4H chart :
Long
by Tradify_Seb