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Reversal

NZDJPY - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDJPY has been overall bullish, trading within the rising channel in blue. Currently, NZDJPY is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support. Moreover, it is retesting a strong demand zone at 89.5 marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. 📚 As per my trading style: As #NZDJPY is around 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
2
USDCAD - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising wedge in blue. Currently, USDCAD is rejecting the upper bound of the wedge pattern acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone at 1.36 marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the red supply and upper blue trendline. 📚 As per my trading style: As #USDCAD is around the blue circle zone, I will be looking for bearish reversal setups (like a double top 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
4
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
NASDAQ:MARA
by DHF82
USDCHF - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bullish, trading within the rising channel in blue. Currently, USDCHF is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support. Moreover, it is retesting a strong support zone at 0.87 marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. 📚 As per my trading style: As #USDCHF is around 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
BINANCE:FILUSDT - Double is the best for LONG entry --------------------------------------------------------------- Description --------------------------------------------------------------- + FIL has recently formed a notable double bottom pattern. + Overall, FIL exhibits strong bullish sentiment, with the next target projected at 8.115. + This rebound from support suggests a promising trend ahead. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 5.399 Stop Loss: 4.630 ------------------------------ Targets 1: 5.894 Targets 2: 6.481 Targets 3: 7.193 Targets 4: 8.115 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
SC - Driving towards support | +310% Profit Target#SC/USDT Analysis Description --------------------------------------------------------------- + SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC. + I'm expecting this trend to continue and hit the next support before consolidating. + I'm not waiting for double top instead trading while double top is forming. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.012568 Stop Loss: 0.014570 ------------------------------ Targets 1: 0.01186 Targets 2: 0.01104 Targets 3:0.009839 Targets 4: 0.008537 ------------------------------ Timeframe: 1D Trade Type: Short Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
GE Buy the Pullback ( Flip the switch) now LONG I previously published the idea of shorting GE. It has now pulled back more than 4% on the retreacement. The short idea paid well using put options to profit from the pump of earnings expectations. Earnings were great but the run up was too much for traders. GE has now retreated and is ready for a long entry. Price is now in the undervalued range of both the short and intermediate term VWAP bands. The target is $99.99which is basically the price immediately before the earnings report. Confirmation is tbe zero lag MACD where the K/D lines crossed under the histogram and are heading together to cross over the zero line while the histogram flipped from negative to positive. Call options in the money expiring 5/5 are considered.
NYSE:GELong
by AwesomeAvani
4
Double Bottom CONFIRMED! - EGHere I have EUR/GBP on the 1 Hr Chart! Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!! This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of Pattern @ .85424 and has come back to test and is already showing signs of finding possible Support @ Confirmation! INVALIDATION of Pattern @ .85289 First Target Range is .85535 - .85593 Second Target Range is .85687 - .85745
Long
by Novi_Fibonacci
Double Top w/ Caution!! - EJHere I have EUR/JPY on the 1 Hr Chart! The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top! The mixed PMI results for USD seemed to ease Euros' decent BUT With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March", this could make Euro start to look less favorable in the bucket of currencies! Given that CONFIRMATION of Pattern is @ 162.649, I like to keep in mind the flipside of the coin and there are decent levels of Support in the ( 162.45 - 162.33 ) and ( 162.03 - 161.9 ) ranges! *These could serve as opportune Fake-Out areas to turn this pattern into a Ranged pattern called a BULL FLAG! -CONFIRMATION of PATTERN @ 162.649 -INVALIDATION of PATTERN @ 163.208
Short
by Novi_Fibonacci
Potential Market Reversal by May 2024Overview I can't shake the feeling that a large market correction is around the corner and at the same time the market contradicts my sentiments by appearing stronger every day. So I decided to investigate the 1 Year Treasury Note ( TVC:US01Y ) which is directly affected by Fed Rates to see how the market correlated to those changes in the past. What I found leads me to believe that a steep -- but temporary -- correction is approaching between late March and early May 2024. Historical Data (Feb 2016-Feb 2024) While it may not always feel like it, the stock market appears to have an overall bullish affinity even during economic struggle such as can be seen during the pandemic of 2020. After an average of three FOMC (Federal Open Market Committee) meetings, a sharp correction took place within the FOMC meeting range or shortly following the third meeting. This is the case for all but the fourth window which actually manifested a reversal to what has become the rally we are experiencing today. The chart above compares the TVC:US01Y (Top) to the SP:SPX (Bottom Left) and TVC:DJI (Bottom Right). I interpreted this data as potentially two truths: 1) Institutional investors retreat during transitional periods then resurface when the outlook is more clear, typically reigniting the previous trend despite an overall trend change within Fed rates. 2) Fed rate changes are a precursor for market reversals. While not the only factor, they appear to hold a significant weight that if supported could lead to a reverse in market trajectory as can be seen after the third and fourth window of FOMC meetings. **I only accounted for FOMC meetings where the 1 Year Treasury Note experienced significant trend changes** Market Projections I do not believe an apocalyptic correction is coming, but I do believe there will be a significant dip across the board following one of the next two consecutive FOMC meetings. The current dates for those meetings are March 19-20 and April 30 - May 1, 2024. It is my opinion that the 50%-61.8% Fibonacci Retracement levels serve as a good opportunity to enter a position should a correction occur. However, technical indicators should be closely watched for signs of a recovery before entering any positions.
DJ:DJIShort
by Shepherd_Investor
4
CHEF a consumer discretionary stock to relish LONGCHEF on a 4H chart has been trending up since earnings in November. The report last week was improved over November's. I got this one January and uploaded an idea then. CHEF has ran 25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a period of 14. The mass index is signaling a reversal down at it went over the threshold and then triggered. I see CHEF ans a good stock that did 25% on the shares and 150% on the options since my buy. I will sell the full position here. I will wait for a period of consolidation and Bollinger Band tightening and a flat Supertrend line to make a sizeable new entry.
NASDAQ:CHEF
by AwesomeAvani
WKHS is setting up for a short ( again) OR could it reverse ?WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending down in a descending channel. There has been substantial volume on the bearish only volume profile albeit at higher prices. A small spike of selling volume while price is near to the upper ( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time, it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume tells me there are short trades underway. My idea however is to look for a reversal so long and watch for a short squeeze to add into the rising price with more position. Probably will not happen but it goes onto the watch list.
NASDAQ:WKHS
by AwesomeAvani
2
BINANCE:HBARUSDT - Double bottom is giving double profits. --------------------------------------------------------------- Description --------------------------------------------------------------- + The double bottom pattern stands out as one of the most reliable indicators of a potential reversal in market sentiment. Its appearance often heralds a shift from a downtrend to an uptrend, making it a favored pattern among traders seeking opportunities for profitable reversals. + A meticulous analysis reveals a distinct and well-defined double bottom pattern, characterised by two consecutive troughs followed by a significant rebound. This pattern's adherence to the classic double bottom structure further enhances its reliability as a signal for a bullish reversal. Traders recognising the significance of this pattern would undoubtedly find this observation noteworthy, as it strengthens the case for an imminent uptrend. + With the double bottom pattern confirming its efficacy through a robust bounce-back, attention naturally turns towards identifying potential price targets. The next target for this trade is projected to be 0.1014, representing a significant milestone in the anticipated uptrend. Market participants tracking this trade closely would view this target as a key level to monitor, as its attainment could signal further bullish momentum in the asset's price trajectory. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.0781 Stop Loss: 0.0671 ------------------------------ Targets 1: 0.0817 Targets 2: 0.0854 Targets 3: 0.0927 Targets 4: 0.1014 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
BAT is flying towards +270% Profit 🫰--------------------------------------------------------------- Description --------------------------------------------------------------- + BAT is retracing back to its support zone + This is critical zone for consolidation and resume its bullish trend + Overall BAT is looking bullish --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price : 0.2329 Stop Loss : 0.2117 ------------------------------ Targets 1: 0.2426 Targets 2: 0.2493 Targets 3: 0.2645 Targets 4: 0.2742 Targets 5: 0.2972 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
2
SPY falls into mean VWAP support for LONGSPY on the 1H chart was riding the cynamic resistance of the second upper VWAP line in mid July but then pivoted down out of a head and shoulders at the bottom of the month and is now bounding up and down retesting the support of the mean VWAP line. The ADX indicator shows the flat line directional index. The ZL MACD is upgoing after a cross of the lines at the lows. Price is impending another VWAP crossover on the retest. I see this as an excellent base from which to take call options long targeting $453 for both 8/18 and 9/1. Please leave a comment, will SPY turn it around here or seek the downside?
AMEX:SPYLong
by AwesomeAvani
1
TSLA - Where and why we can enter a confident long-term positionAside from Elon taking a stronger control position of the operations of the company (upping his equity stake from 10% to 20%), I also like the technicals of this chart for a near-term entry. We just bounced off of our handy dandy blue tapered HTF selling channel and are looking for some of our buying algorithms to take hold. We are also forming a nice inverse head and shoulders to further indicate this reversal. As always, I will keep you posted with analysis as price continues to move Happy Trading :)
NASDAQ:TSLALong
by ReigningTrades
Natural Gas: Historic Triple Decade Support LevelHistoric Price Opportunity: NYMEX:NG1! (Natural Gas) is at a crucial level, with prices hovering at a point not consistently broken since a monthly close in July 1995. The weekly chart reinforces this, showing rare closures below this threshold over the last 30 years. Technical Indicators: RSI Bullish Divergence: The weekly RSI divergence suggests underlying strength. Historical Resilience: This price area has been a formidable support zone. Sub-$2 Entry: Historically, entries below $2 have been lucrative over decades. Fundamentals at a Glance: Electricity's Backbone: In the US, natural gas fuels 40% of electric power, significant against the backdrop of consistent year-over-year growth in electricity consumption since 1950, barring 11 years. Green Energy Transition: Natural gas stands to gain from the global shift towards cleaner energy sources. Soaring Exports: Global year-on-year rise in Liquefied Natural Gas (LNG) exports meets increasing international energy needs. Counter-Trend Investing Perspective: Every investor has heard at one time that the best time to invest is when something isn’t so hot and trendy. Well, the weather has been hot and because of that nobody thinks natural gas is trendy. Trade Strategy Snapshot: Entry: At any level in the $ 1.50s or a firm weekly close above the support zone above $1.60, displaying support confidence. Target: Volume profile's highest point of control level of approximately $2.70. Stop: A stop loss at physiological $1.50 or the $1.44 final low before levels not seen since the 1990s. HODL: A long term holding strategy of greater than a year has historically been successful, where looking for exits along the way has been ideal. As natural gas is a useful commodity this is appealing. Trading involves risks and not certainties; let's navigate the probabilities. Comment with your insights so we can uncover symmetries and diversities of ideas.
NYMEX:NG1!Long
by TanHef
4
DXY - Over-Bought Zone ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 DXY has been overall bullish , trading within the rising wedge pattern in red. At present, DXY is approaching the upper red trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. 📚 As per my trading style: As #DXY is around the red circle zone, I will be looking for bearish reversal setups (like a top 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
TVC:DXY
by TheSignalyst
BOIL reverses from a quick downtrend LONGBOIL on may 9th went into hard resistance in the highest VWAP line area, the Hull moving averages did a death cross and it fell 12% into the support of the first upper standard deviation line where it double bottomed with a reversal. The ZL MACD shows lines and trends that are confirmatory. As a result, I have closed my short trade from my prior idea and revested the capital gained into a long position of stock and calls. If you are interested in knowing targets or stop losses, please leave a comment.
AMEX:BOIL
by AwesomeAvani
1
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NIO has been overall bearish, trading within the falling wedge pattern in red. Currently, NIO is hovering around the lower bound of the wedge acting as a non-horizontal support. Moreover, it is retesting a strong support zone at 5.0 marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. 📚 As per my trading style: As #NIO is around the red 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
NYSE:NIO
by TheSignalyst
2
ROKU is pulled back for re-entryROKU has been downtrending in a retracement of the uptrend from late May to mid June. On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers prefer to buy in either the under valued zone or the lower portions of the fair value zone and then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows RSI to have descended into the oversold zone where RSI is about 20. On the volume profile price has descended into the high volume area where increased trading volume will support price and likely push a reversal.
NASDAQ:ROKU
by AwesomeAvani
1
PLCE crash and flush on pre-emptive warning from executives LONGPLCE as shown on the 30 minute time frame had a "waterfall" event when a bad news catalyst hit the wires. Executives announced earnings issues one month out from the report due about March 14th. Maybe is real and may not. The are no filings available to show any insider sell- off unlike what is going on at General Dynamics at its all-time high. Could those executives push traders to bail on the stock, force it to crater and then buy even more at the bottom or have friends and family help them if they are well informed ? Who knows ? Does the CEO of TSLA have a plan to help share prices drop so when his new compensation plan is set up he gets even more shares and price rises to make his unrealized losses magically disappear. Is there manipulation in the market ? Is this a case of it ? Anyway enough said. PLCE is in early reversal and recovery. It has crossed the moving averages on the chart and there is a massive volume of buyers scooping from the bottom in the closing Friday afternoon. I was one of them. My shares and options are few. ( compared with the CEO/COO/CFO guys at Children's Place.- they typically buy 100,000 shares at a pop - after all they have the confidence of already knowing what is going on inside) I typically want to see 2-3X relative volume to put on a big position. This is 4X. Seems the risk is low compared with a 60% upside back to price levels before the news. Price has already recovered partially. My stock trade is 5% above break even after less than a day and now has a 3% trail stop so I don't need to pay attention to it. The call options targeting $19 for March 16th are up 16% in the first day. I will sell to close a day or two before earnings to hedge my suppositions. If earnings are as bad as these executives say. The call options will plummet. My alternative is to keep the call options running but hedge them with a single put option below ITM for a strike OTM expiring the same day setting up a strangle to take much of the risk way. In that case, the call options would still fall with a bad earnings miss but the put option will provide insurance buffering the loss. It remains to be seen how this plays out and I will check for SEC filings at intervals. For now, I will chase the relative volume because it is higher than the typical for similar scenarios. Best of luck to any traders who take this trade.
NASDAQ:PLCELong
by AwesomeAvani
1