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Reversal

WEAT- Wheat ETF at buy point LONGWEAT the Wheat EFT has been volatile of late due to the Bakc Sea shipping deal falling apart when Russia refused to renew it. Brazil has been trying to increase whet exports to pick up from the fall off of Ukrainian shipments to Africa and others. On the 4H chart, WEAT has fallen 15% from the double tops of July demonstrating the high volatility in what is typically a slow-moving commodity. WEAT is now 5% above the support trendline and about 14% below the horizontal resistance of those double tops. This is a favorable r:R ratio. I will go long here assuming there is now breakthrough in the near future with the resumption of the Black Sea grain deal to impact the supply-demand imbalance and destabilize the price rise. I will look into a call option trade as well.
AMEX:WEATLong
by AwesomeAvani
1
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto market had a resurgence and is now in the dog days of crypto summer. The MACD shows some bullish divergence. The volume profile shows most of the buying was in the 16-17 range. RIOT is far below that with relative volume voids in any movement back to that level. I see this as a long trade setup with 30-40% upside on the stock and much more in a one or two month call contract. If you would like to know my parameters on a long stock trade or call options please leave a comment. ( please also see my BTBT post, like and subscribe).
NASDAQ:RIOTLong
by AwesomeAvani
5
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean VWAP at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity to do so again. If you would like to know my call options contracts on this, please leave a comment. These are very suitable for those with small accounts focused on realtively high potential profits using a very small portion of the account in tight risk management ( Please like an follow)
NASDAQ:BTBTLong
by AwesomeAvani
ETH - Now We Wait ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has recently exhibited a predominantly bearish trend, confined within a horizontal channel depicted in red. In the most recent trading session, there was a substantial drop in value, leading to ETH's failure to maintain support at the 1700 level. While the 1700 support remains unbreached , our focus will be on identifying potential short-term bullish reversal setups on lower timeframes. (like a double bottom, trendline break, and so on...) However, should the 1700 support level be breached conclusively with a daily candle close below it, we would anticipate a continuation of the bearish momentum, possibly driving ETH's price down towards the 1500 mark. For now, we wait! ⏱ 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
18
Analyzing Potential Price Reversal on Nasdaq Using Technical IndIn recent market observations, the Nasdaq has displayed a noticeable downtrend, reflecting bearish sentiment. To gauge potential price reversal opportunities, a combination of technical indicators has been employed. Key Points: Point of Control (POC): Analysis of the volume profile revealed a significant Point of Control (POC) at a specific price level. POC can act as either a support or resistance level, depending on price movements. Fibonacci Retracement: The 61.8% Fibonacci retracement level, a renowned area of interest, coincides with the identified POC. This confluence highlights the potential significance of this level as a reversal point. Strong Support Level: Concurrently, the price is situated at a historically strong support level. This enhances the probability of a reversal, as this level has proven resilient against downward pressures in the past. Volume Decrease: An observation of declining trading volume in the current price area indicates waning participation and market exhaustion. This phenomenon can signal potential shifts in sentiment. Implications: While these technical factors collectively suggest the possibility of a price reversal, it's crucial to exercise caution and consider additional elements: Seek confirmation from complementary indicators like bullish candlestick patterns, positive divergence on momentum oscillators, or trendline breaks. Stay informed about relevant news events that could influence market sentiment, potentially overriding technical signals. Implement proper risk management techniques, such as setting stop-loss levels, to mitigate potential losses. Remember that while technical analysis provides valuable insights, it doesn't guarantee future price movements. A holistic approach that integrates technical, fundamental, and market sentiment analysis is essential for making informed trading decisions.
OANDA:NAS100USDLong
by Mag_tha_Trada
GBPCAD - Approaching A Strong Resistance 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 1.74 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance. As per my trading style: As GBPCAD approaches the orange 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
6
BTC - Trio Retest 3️⃣ Be Ready!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find the daily chart for BTC to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST Here is why the last orange circle is a strong zone to keep an eye on: 1 => Overall Trend BTC has been bullish medium-term trading inside the rising broadening wedge in orange and now approaching the lower bound / trendline acting as a non-horizontal support. 2 => Support Zone The blue zone is a previous resistance turned into support and a Demand Zone. 3 => Oversold Zone BTC is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone. As per my trading style: As BTC approaches the orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
36
EURAUD - Already Over-Bought ⚔️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 1.71 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance. As per my trading style: As EURAUD approaches the orange 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
5
Will the BoJ intervene...The USDJPY trades with choppy price action between the 145 and 146 price range. With increasing comments about the weakness of the Yen and the possible invention from the BoJ, the longer the USDJPY stays at this price level, the higher chance we are likely to see an intervention. However, we cannot rule out a continuation of the upside, especially if the DXY recovers in strength. I would avoid further trades to the upside, and wait for possible counter trend reversal. But speculative counter-trends setups have a higher likelihood of failing (the trend is your friend)
Short
by JinDao_Tai
2
FORD watching for a reversal from deep oversold LONGFORD on the one hour chart has been trending down with dynamic support from anchored VWAP lines. However the zero lag MACD is showing some bullish divergence with upgoing MACD and signal lines in parallel from a cross under the histogram which converted red to green. There was an associated spike in volume in the range of 3x the mean. The last earnings report only a few weeks back had a significant beat on the top line. I will place FORD on my watch list for next week. I likely will take a long trade on Mondday 8/14 with planned targets on the chart based on VWAP standard deviation line levels. I am especially interested to see if FORD will go on a bull run and fill the volume void from 14.25 to 15. If profits are taken off 40%, 40% ane 20% this trade could realize 20% in profit.
NYSE:FLong
by AwesomeAvani
3
Apple -> Correction Already Over?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and after the retest of the 0.382 fibonacci retracement level we could see at least a short term bullish bounce. But Apple stock is still creating bearish market structure so there is also a chance that Apple stock will just break below the current support level - If you are looking for longs though I would simply wait for a break aboce the bearish daily trendline and then enter a long position. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
23
NZDCAD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD has been overall bearish trading inside the falling channel in red, and it is currently approaching the lower trendline. Moreover, the 0.79 - 0.8 is a strong support zone. 🏹 So the highlighted purple 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 NZDCAD is sitting around the purple 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
2
Current Pull-Back: A Perspective Using NASDAQ 100 WeeklyCME_MINI:NQ1! has had the sharpest pullback in last couple of weeks. The Semiconductor Industry NASDAQ:SOXX has been the largest driver in this selloffs. In this Trend Analysis, I tried to draw a perspective as to how deep this pullback could be given Support and Resistance areas that stood the test of time in recent years. I used Weekly chart to gain a broader perspective of where the index will end up in coming months. It is easy to establish that the TOP of the Current Rally (~16,100), i.e., the Resistance has been determined by the Start of the Recent Bear Market in 2022. Which technically started with the collapse of the Post Pandemic Rally in early January, 2022. This is the most important Control Level that the current market needs to break for a further rally in the future. The Bear Market in 2022 was strictly bound by the Wedge Resistance as we can see. The same phenomenon can also be shown by simply drawing an Anchored VWAP from the All Time High. Throughout the course of the Bear Trend CME_MINI:NQ1! could not break above the AVWAP. After the market established a bottom between October and December of 2022, it finally broke above the Wedge in the last week of January, 2023. We can call this the beginning of the current Bull Market. NASDAQ eventually broke the AVWAP in the last week of March 2023 to further confirm the Bull Trend. The AVWAP has worked as a Support Level since then until the market boosted up in May. Now coming back to the Current Pull-back, It is not hard to identify that there is a possible Support Area at the bottom of the range (~14,775) which the Current Bull Trend has established. If this Support Level is held then the projected size of the pullback from the top will be approximately 8.0 %. Current price action has confirmed a breach of the Short Term EMA cloud in the Weekly chart. In the Daily chart it came down below the 50 day Moving Average which indicates Short Term bearish tendency. If CME_MINI:NQ1! doesn't take support at the Range Bottom, then we could think of the Long Term EMA cloud as secondary Support Area. The next Support Area could be the AVWAP from ATH. For now, there is no reason to believe that there will be a lingering pull-back in the market going forward to start another Bear Market. Our best "hope" is that the market will take support and continue the Bull Trend in coming months. Please note that historically, in Pre-election years, August and September had been the most bearish months. This write-up is solely based on Technical and Trend Analysis to figure out the best case scenario. Thanks for Reading!
CME_MINI:NQ1!Long
by Trading-Economist
6