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Reversal

Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance: Click chart above to see the detailed analysis👆🏻 Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level. Levels to watch: $2.700, $2.050 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
16
XAUUSD Bearish Reversal: Double Top and Golden Pocket Breakdown!OANDA:XAUUSD - 2Hr The analysis suggests the market is showing bearish signals, particularly after price rejected at key resistance zones during the Asian session. The Ascending Channel indicates an upward trend, but the breakdown from the channel signals that bullish momentum is weakening. Key Elements Driving the Short Trade: 1. Golden Pocket (0.5–0.618 Fib): The price has reached the Golden Pocket (between 0.5 and 0.618 Fibonacci levels), a strong reversal zone. Rejections in this zone often signal a potential change in trend, especially when combined with other bearish signals. 2. MML Major Resistance: The MML Major Resistance suggests that the market is encountering a significant obstacle, further validating the potential for a reversal. 3. Strong Resistance: The price is facing Strong Resistance at higher levels, which is causing the price to struggle and reject, confirming the reversal bias. 4. Double Top: The Double Top pattern at the Golden Pocket indicates that the price has attempted to break higher twice but failed, signaling weakness and a likely bearish shift. This pattern often leads to a trend reversal. 5. Price Gap: A Price Gap further confirms a shift in market sentiment, with a possible imbalance or sudden price movement that reinforces the bearish view. Current Price Action: During the Asian session, price broke down from the Ascending Channel, signaling a shift from an uptrend to a potential downtrend. The breakdown occurred near Equilibrium and the 50% Fib retracement, reinforcing the idea of a reversal as this is where price typically finds resistance in a trend. The Double Top at the Golden Pocket suggests a strong potential for a downward move as the price has failed to continue higher. Currently, the price is above a Strong Pivot Point, which is acting as support, potentially leading to a short-term pullback or consolidation before the bearish move continues. Interpretation: The combination of the Golden Pocket, Double Top, and rejection at key resistance levels gives a strong bearish signal. The ideal entry point would be after confirmation of price breaking below the Strong Pivot Point or failing to sustain above it, with a target near the next support or at Price Gap, as mentioned Price target. Place the stop loss just above the Double Top or near the Strong Resistance zone to limit risk in case the market reverses back up. In conclusion, the market is showing signs of a bearish reversal after rejection at multiple key levels, and the analysis points toward potential short opportunities with proper risk management. "Stick to Your Plan and Manage Risk, Happy Trading!"
OANDA:XAUUSDShort
by SpicyPips
CXW Inverse Head and Shoulder + Bullish Divergence!Hey Folks! Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol. I made a nice trade on it last time it dipped and reversed, and I want to bring it to everyone's attention. The overall pattern is shaping up nicely for a big move, a long election season is approaching border security will be a big deal and Core Civic will benefit in form of major government contracts, especially if Trump gets re-elected, even Biden might get pressured to crack down on border security. From the company, I'd like to see a new fundamental catalyst to capitalize on this bullish setup. Happy Trading! OnePath
NYSE:CXW
by OnePath
$VRT Head and Shoulders Failure Signal Note: I am LONG NYSE:VRT A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high. My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher​​. Past performance is not indicative of future results. Opinions are not positions, and vice versa.
NYSE:VRT
by jBTCkingaling
1
GBPUSD - Macro Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish from a long-term perspective, trading within the rising channel in green. Currently, GBPUSD is in a correction phase, trading within the falling red channel. Moreover, the 1.255 - 1.6 zone is a strong support 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower green trendline. 📚 As per my trading style: As GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
BTC - Don't Worry, You can still Catch the Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish , trading within the rising wedge in orange. Currently, Bitcoin is in a correction phase, so the lower bound of the channel would act as support. Moreover, the 80k - 82k zone is a strong demand and round number. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower orange trendline. 📚 As per my trading style: As CRYPTOCAP:BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
BTC - Thank Me Later!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%. So, according to the educational post, where are we now⁉️ 🔑A falling correction after a bullish impulse signals what? That’s right — we are now in the process of forming Pattern 1. For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000. Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. 📉 Which scenario do you think is more likely to happen, and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
by TheSignalyst
55
S&P 500 reversal target - 6151Looking at a potential reversal target for the S&P 500 as we move beyond the election year into 2025. When scanning backwards on the previous high from late 2021, we can see price action clearly retested the speed fib on multiple weeks before a final rejection that induced the mini bear market which ended Oct of '22. Following that same speed fib forward into 2024, we can clearly see price is NOW, once again, retesting this magnetic fib zone. To figure out where this is all going, let's measure from the Jan '22 high into the Oct '22 low. Here, we get a 1.854 and 2.0 fib extension which intersects with the speed fib in question. Making some assumptions that price will AGAIN, range and retest multiple times before resolving, we can overlay "bars pattern" (from Jan '21 HIGH - Oct '22 LOW) and see when and how this could play out. Now, we wait and see how this movie ends! Note: Not trading or investment advice. ENTERTAINMENT ONLY!
OANDA:SPX500USD
by tantamount
BTC - Market Structure 101!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. The BTC market structure has been very clean lately, which I find interesting. 📉Previously, after breaking below the last major lows (marked in red), BTC dipped. 📈Similarly, after breaking above the last major highs (marked in blue), BTC surged. 🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC towards the $69,000 - $70,000 demand zone. Meanwhile, as long as the current minor low in red holds, BTC would be overall bullish short-term and further upside is expected. 🕝What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart! A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out: Daily Chart- *Price made its Lowest Low @ .0805 *Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern. *Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears! 1Hr Chart- *Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation! *Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels: ( .1355 - .1440 ) ( .1700 - .1800 ) ( .1990 - .2200 ) **If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
BINANCE:DOGEUSDLong
by Novi_Fibonacci
1
Gold- Where is the next 1k pips trade?As I've outlined in both written and video analyses on FOREXCOM:XAUUSD , I’m anticipating a substantial pullback in gold prices. Let’s look at this objectively: just as trees don't grow to the sky, neither does Gold. With a remarkable 2,000-pip rally over the last 20 days, the likelihood of a meaningful retracement is increasing. Each new high reached only makes a sharper pullback more probable. That said, I’m not rigidly fixed on one outlook. In yesterday’s analysis, I noted that a new all-time high seemed highly probable. Acting on this, I opened a small long position after observing a buildup consolidation just under the previous ATH, which I closed at 2770. The key question now isn’t whether gold will start pulling back, but rather where that pullback will begin. On the 1-hour chart, since the low near 2600 on October 10th, Gold has been trading within an ascending channel. Each time the price touches the upper boundary of this channel, it has reversed back down. Based on this behavior, I anticipate a similar reaction if gold approaches or slightly exceeds 2800, and I plan to fade any move above that level. In conclusion, for those looking at potential 1,000-pip opportunities, I believe the short side currently holds more promise. In the short term, a retracement toward 2700 seems more realistic than an extension to 2900. P.S: Looking at previous times when Gold has made ATHs, the reversal from the top has been more than 1000 pips.
OANDA:XAUUSDShort
by Mihai_Iacob
5
BTC - Bearish Pressure Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange. However, BTC is currently hovering around the upper bound of the channel and all-time high $74,000. 🏹For the bulls to remain in control long-term , a weekly candle close above $74,000 is needed. 📉In parallel, if the last minor low at $71,000 is broken downward, a bearish correction towards the lower blue trendline would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
Double Bottom with Billions of Metric Tons of Lithium - SLIHere I have AMEX:SLI on the Daily Chart! Technical - A Double Bottom Reversal Pattern has formed and with the Bullish Rally started from the ~1,800% increase in the Estimate to Reported Results for Earnings and Revenue on Sept. 24th, we see Price Breaking our Confirmation of Pattern @ 1.98! This weeks Price Action has created a Volume Imbalance between ( 1.91 - 2.03 ) that Price may choose to Fill before it pushes Higher! Now Price is struggling with the Resistance of Previous High @ ( 2.28 - 2.38 ) -If this rise can be sustained in becoming a New Higher High than our Confirmation of Pattern, we can expect Price to Retest this Break of Confirmation to find Support! *If the Retest of the Break is successful, we can then suspect Price to find Resistance again at Previous Highs @ ( 3.59 - 3.89 ) Indicators: - Golden Cross with 200 EMA and Dynamic S&R - RSI is Above 50 - Strong Bullish presence in Volume leading to Confirmation of Pattern Fundamental - Under all this utter devastation that Hurricane Helene and Milton have done to North Carolina and Florida and now with the wildfires ravaging Wyoming, these disasters have uncovered massive Rare Earth Elements and Metal Deposits containing around Billions of Metric Tons of essential components needed to power our shift forward from the Industrial Age to what feels like the Digital Age. -Adding potential future mining sites to the already known deposits in Nevada, Pennsylvania and California. EV and other technology advancements will come soon now with these essential minerals and metals possibly on the Brink of Extraction!
AMEX:SLILong
by Novi_Fibonacci
BTC - Still Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange. 📈As long as the structure marked in orange holds, BTC will remain bullish, and a movement towards the upper bound of the blue channel and all-time high at $74,000 is expected. 📉 If the orange zone is broken to the downside, a bearish correction toward the $65,000 round number would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌What is Palladium used for? Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances. 📌How Rare is Palladium? Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room. 📌Technical Analysis: This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red. As long as the bulls hold, I expect a bullish continuation towards the $1700. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:PALLADIUMLong
by TheSignalyst
11
EURAUD - Already OverSold...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURAUD has been bearish trading within the falling channel in orange. Currently, EURAUD is approaching the lower bound of the channel. Moreover, the zone marked in blue is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower trendline acting as non-horizontal support. 📚 As per my trading style: As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
BTC - Bearish Short-Term...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term. The question is: until when or where? As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone. 📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
EURUSD - Macro View...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish, trading inside the flat rising channel in blue. Moreover, it is approaching a demand zone marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first two purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,800. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
6