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Pricereversal

GBPAUD SHORT BUY OPPORTUNITYTechnical Analysis On the 4HR to the downside we experienced a shallow retracement and price appears to have stalled at the 1.27 and 1.18 level. Anticipating potential retracement to 1.888X to 1.894X area before a potential continuation to the downside. Fundamental Analysis Australian Dollar has weakened as a result of Russia invading Ukraine. Australian wages grew less than anticpated, coming in at 2.3% rather than 3%. There is uncertainty as to the direction of the monetary policy. The RBA's minutes were released from the last meeting and the Board wasn't yet convinced that the acceleration in inflation would be sustained and wanted to see wages respond before lifting rates.
Long
by justagirllearningtotrade
Another decliner set to drop 5% from recent signal close priceMYRG signaled a SELL upon closing the first bar on the 3 hour chart on February 25, 2021. SELL was signaled on five of our algorithms which has never occurred before. In fact the SAG and MTF have never signaled SELL at the same time for this equity on the 3 hour chart either. I have drawn the potential movement lines. As I mention, the signal can be premature and the stock might still rise before it finally falls. I have mapped out all of the potential movement paths with final target bottoms. The average delay is 3-5 bars, but the very next bar after the signal saw the stock climb to the reversal zone and the stock may not actually move above 61.00 until it drops below 57.00 or even 56.00. The full free analysis is on my site in the signature block below.
NASDAQ:MYRGShort
by StockSignaler
KO Set To Move Up Before DownI am back to conducting full studies based on all my algorithms. At the close yesterday, KO signaled Sell on my Precise Signal. This is great news as this algorithm is highly accurate and finding price reversals. Particularly, this has found reversal points on 10 of 11 occasions specific to the Daily chart for KO and the determination of a SELL point. I have the full analysis and explanation of all the target price points on my site as usual. I see it moving up over the next 2 to 4 days as displayed and then down over the next few weeks. I am looking for around a 6% drop from the top which is likely close to 51.00. Let me know what you think.
NYSE:KOShort
by StockSignaler
3
$Beam/$USDT Inverse Parabolic with a potential V shape Recovery?Good morning ladies and gentlemen! Beam has had some serious downside action. And to some of you, that may be scary and I completely understand. But the golden curves are a representation of the flow in the price action. And what we saw was pure capitulation on Beam. It was the reverse parabolic moves we see in an uptrend on other assets that everyone gets all excited about. This asset is best depicted on other exchanges as their isn't enough history on the trading view charts for me to showcase the Bullish Divergence that is forming right now. I mean come on, this is the area where "everyone" wants to get out. You are at an area of value on other exchanges which is why I highlighted the box on here with no historical support. "Believe me, it's there". Just not on this chart. I would like to state that while capitulating, you started showing signs of exhaustion on the sellers as depicted by my smaller curved drawing tool. With comes triple MacD and RSI Bullish Divergence on the 4 hour time frame. I think their are overwhelming amounts of bullish indicators here and people will call me crazy as all the see on the charts is this asset continuing to dump. This is all probability of course, but I have taken a position on this asset at 50 cents on another exchange. Break below, don't panic until we start to see follow through price actions. Set your stops where you think is best, but also think about your risk/reward ratio. With Parabolic or 'Inverse Parabolic" moves comes a V shape recovery or retrace. In this case, we may be in the makes of a potential V shaped recovery. These moves are typically fast and will end with massive gains if you had got in at the right time. I made my choice to get in due to the overwhelming bullish indicators that have been forming. I am looking for my potential exit targets to be inside that plasma pink box between the .382 and .618 retrace. The .618 on the Log scale just so happened to coincide with critical resistance ;) Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
BLong
by ChArtWorks_TechnicalArts
4
GBPZAR Outlook Strong on all time frames within this recent down trend. Looking for a long term buy on this pair at potentially 1 of 2 different level, the first zone and more recent between 18.15590 - 18.19661and the second zone between 18.02835-18.11248. The trend line imply a continuation to the downside until we reach these levels. Also, we may see pullbacks continue to pus up to the following minor levels 18.35810-18.36895 or 18.41100-18.44628. I think we get a break of the trend lines but it eventually become support until we get our big move to the upside. Looking for rejection for both buy and sell opportunities at each of the levels.
by Cory4rex
GBPJPY Intraday Trading Analysis- Scenarios & Possible EntriesLooking at GJ as an intraday trader on the 1hr chart, there are two main scenarios I am looking for before making an entry (using technical analysis --> with trend lines , support and resistance (specifically quarter points), pullbacks & major price reversal zones) 1) BULLISH SCENARIO - If price breaks ABOVE the resistance point of 139, I will wait for the PULLBACK and RETEST of 139 and for a proper test of this price as a support level now. - It will then have to continue trending up, having properly respected 139 as a new found support zone and to then continue the longer time frame trend. - A possible buy entry here at around 139 or 139.05 can then see a TP up as 139.30 and a SL at maybe 138.85 2) BEARISH SCENARIO - If price retests up towards the resistance point of 139, but CANNOT break this level as a ceiling, I will be looking for a proper bounce down again and for price to fully respect 139 as a resistance level . - It will then have to continue with the downtrend, to show that the trend has properly pulled back and continued onwards (with 139 now as a price reversal zone) - A possible sell entry here at around 139 or 138.95 can then see a TP down at 138.7 and a SL up at maybe 139.15
by robbiepeck1
TPG - Bull run off Merger - HOLDHello, Just a quick technical update on T-P-G. T-P-G has seen a massive bull run off confirmation that they are in talks with Vodafone over a potential merger. Shares jumped 20% yesterday, followed by around 15% at the start of the morning today (23/08) then a reversal back to its original starting point of the day @ $7.75. As the price has reversed from a intra day high of $8.70 to its original price of $7.75 @ the start of the day, coupled with a long bull run in the past few days, this may signify a Spike High followed by a price reversal tomorrow and next week. (Also worth noting that the stock was trading in a range of $5.20 to $5.70 for weeks/months before suddenly entering a bull run off no news last week, then was followed by a huge announcement??? Potential learning experience here to remember?) Best to HOLD for investors/traders that can take the risk, or SELL if you have low tolerance to risk, as these merger talks are not confirmation that it will occur. I estimate that the price could consolidate around the mid to low $7 mark tomorrow/next week. @ RuperCapital
T
by keenbeen
Waiting for ConfirmationMultiple confluences in play, awaiting for a 38.2 bullish candlestick variation or a 61.8 bullish candlestick variation. WE ALSO Have a Psychological level at a major Quarter in play at 1321.00 at the 38.2 fib and 1319.00 at 61.8 we will wait till a candle stick variation happens at one of the major quarters and wait for a play at one of the Fibonacci PRZ. if we have a prz reversal at the 38.2 then your take profit will be the 2.41, HOWEVER Essentially you want to have your first take profit at the 1.27 then if that breaks then go ahead and hold till the 2.41 TILL A REVERSAL CANDLESTICK HAPPENS THEN WE HAVE TO WAIT
TVC:GOLDLong
by Helloandtrade
Two weeks of ConsolidationLast week closed with a 170 pip move to the upside Could that be the breakout?? Did not break out of the supply zone on the Daily TF Could potentially find resistance on Weekly Moving Average Will be monitoring Price Action the next couple days for more confirmation If we do not break supply zone next bearish target would be 1.62 Possible target to 1.61 to complete Bullish Bat Pattern on Weekly TF If we get a break of supply zone next bullish target would be 1.65
by BnK_Sniper