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Reversal

NAS100 Reversal 21.07.2023Yesterday the NAS100 underperformed with a great downward rapid movement. It is an apparent reversal after a long upward path. It is Friday and we are not expecting much activity after the NYSE opening, however it is expected that a retracement will take place after this reversal. As per the arrow, back to the 61.8 Fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Long
by Stuart_Cowell
1
Can VZ reverse with earnings coming up?VZ on the 2H chart has been in a trend down since July 5 and the fall is accelerating in the past three trading days. Earnings are a week away. The dual time frame RSI indicator shows the weakness with RS in the oversold and undervalued zone while the zero-lag MACD shows hard bearish momentum. Relative selling volumes are about 3X the mean. Overall considering that price is now three standard deviations below the mean anchored VWAPs set in March and April I believe that price is now at or near the bottom. Accordingly I will watch for signs of a reversal on a 30-60 minute time frame from which to consider a long entry. the upcoming earnings could increase volatility and potential profits if VZW can rally some trader interest.
NYSE:VZLong
by AwesomeAvani
Will JPM higher after earnings ?JPM is in an uptrend since earnings the morning of July 14th at the end of the trading week. On the 1H chart with VWAP band lines anchored to a week before earnings as a dynamic support and resistance reference shows a rise from below the first standard deviation above the mean VWAP to above it with a pullback after the earnings and then a continuation at the depth of the pullback today July 17th. The two-time frame RSI indicator shows the lower TF blue line moving lower despite the uptrend today. This is suggestive of bearish divergence. The zero-lag MACD shows a cross of the lines above the histogram suggesting a reversal as does the green to red and positive to negative on the histogram. As a result, I will watch JPM for reversal and a put option or short sell stock trade.
NYSE:JPMShort
by AwesomeAvani
Shooting Star Reversal bearish divergence at resistance Weekly Possible shooting star reversal on the weekly if the next candle closes lower. We are at overhead resistance and there is bearish divergence on the RSI. Could be the bull trap that brings us back to the bottom of the pattern. If we lose all the support levels, we could test the lows again. BTC is up 100% since the beginning of the year. The appearance of this pattern at a resistance level is significant as it might suggest a potential exhaustion of the buying momentum. Could be a pullback consolidation at support before moving to much higher prices in the future.
BITSTAMP:BTCUSDShort
by NotQualifiedToGiveFinAdv
COP- Divergences suggest bearish reversal.COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow- ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is indicative of bearish divergence. In a similar fashion the zero lag MACD shows an early cross-over of the K and D lines over the positive histogram another bearish divergence and sign of impending reversal of momentum. Based on all of this I will take two put option on COP striking $110 one expiring 7/14 and the other 7/21 targeting stock prices of $105 then $102. I am projecting profits of 25% on the shorter trade and 75% on the longer trade. I will find the entry on the 5 minute chart looking for a pivot high coupled with a transitioning EMA200 from a positive slope to zero or negative. Other traders may simply short COP and hold to the lower target.
NYSE:COPShort
by AwesomeAvani
KO - a Warren Buffet Fav setup long from bottom of cycleKO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and options traders like myself, it is now well positioned for a long trade. KO's recent pivot highs were early to mid May with the highest trading volume at $64 according to the interval volume profile. KO descended mid-May into June 1st and then had a Fib. retracement and reversal. On the 4H chart, KO price is now at the bottom of the high volume area of the overall while the RSI / MTF ( Chris Moody) shows relative strengths in the range of 25. I see this as a classical opportunity to buy low and sell high. Trade specifics are a stop loss of 59.30 and targets based on anchored VWAP lines of 61 (25% off) 62.5 (50%) and 63.75 (25%). As a low-risk trade for the stop loss compared with the potential profit, I will devote 5 % of the account to this trade. Once price hits $60.25, I will raise the stop loss to the break-even price of the entry and the trade will become stress and risk free. I will select an entry buy focusing down onto the 5-15 minute time frame. Profits from a low risk trade like this will be re-deployed into others a bit riskier as a means of stratifying risk and its managment.
NYSE:KOLong
by AwesomeAvani
Is the WDFC earnings pop sustainable?WDFC, the manufacturer of WD-40 ( sprayable graphite) had a great earnings beat and a celebratory pop of 5%. My question is whether it can continue? On the 15 minute chart I have added four indicators and what they might indicate: (1) the Lorentzian Machine Learning Alert System with default settings with a few removed which shows the initial buy signal of July 6th. No sell signal has been printed since earnings. (2) the MTF RSI indicator of Chris Moody showing the RSIs one hour in black and 15-minutes in blue presently topped out and the lower TF in blue decreasing showing a bearish divergence. (3) The MACD shows K / D lines rising in parallel but very extended above the zero-line showing very high amplitude. (4) The volume indicator showing that volume did not get a relative spike with the post-earnings price pop. Overall, with heavy consideration of lack of volume with the price pop and the bearish divergence on the RSI, I will not take a long trade on this post-earnings WDFC. In fact, if I can find a good entry on a 3 or 5-minute chart, I will take a short trade. I price rise with a good volume spike might potentially convince me otherwise.
NASDAQ:WDFC
by AwesomeAvani
NKLA round bottom reversalNKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. Potential buyers on the sidelines may take positions and generate momentum. I will trade a long trade early in this upcoming shortened trading week. The longer-term anchored VWAP provides support as so just under that will be the stop loss. The first target is 1.70 which was a resistance level a few weeks ago.
NASDAQ:NKLALong
by AwesomeAvani
3
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks, Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks. Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play. I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action. Happy trading! OnePath
NYSE:U
by OnePath
6
gbpusd short ideahi traders! this is my idea of what could expect to happen during the breakout of a 4hr + 1hr strong resistance level and now however heading towards the daily resistance trendline which seems to be a thorn bush in the path! the reaction from this could potentially see a reversal to come back in to the zone and bounce back off the support of the trendline to continue a further bullish movement or could this now be a sign of a massive reversal and look to come down even further? I don't know how to upload multiple images however, if it manages to reach and touch the daily trendline their will be currently "3" touches and only 1 touch (which is the beginning) of the support of the daily trendline. thank you and good luck!
Short
by RJLfamily
GBPUSD Reversal Retr 10.07.2023GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
Will Novavax NVAX go higher? SHORTNVAX popped today for a price jump of more than 20%. Canada agreed to pay out on a contract for COVID vaccines it now does not want in the amount of $350M. This is hardly enough to the fundamentals of the company overall. So the question arises, have traders and / or investors overreacted to a one time bonus which is essentially revenue without overhead and expense. My opinion is that this is an overreaction and that the price will drop after the pop hits a high. Buying long right now is essentially the risk of buying a high that will not go higher. On the Chris Moody dual RSI indicator, the longer one hour TM in black is over 75 while the shorter 5 minute TM in blue has peaked and dropped from 95 to 60. This is in essence bearish divergence. The other indicator, the mass index, shows the value arriving at the reversal zone where a drop to below 26.5 will be the trigger. Overall, for both fundamental and technical reasons, I will enter a short trade on NVAX expecting a correction / pullback from the pop the stock got after a one-time bonus of a payout for not producing unneeded vaccines.
NASDAQ:NVAXShort
by AwesomeAvani
1
📉 Bearish ABCD Pattern: Short Signal on NASDAQ 1-Hour Chart!In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a retracement to the 0.618 Fibonacci level, a pattern known for its high success rate in signaling reversals. The 2.618 formation being represented with blue lines With price retracing to this optimal shorting area, I am entering a short position, targeting 14950 as my first take profit level, followed by 14870 as the second, and ultimately aiming for 14750 as my target. 📉 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
OANDA:NAS100USDShort
by Thomas_Zito
5
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
3
PLUG rises out of retracement of previous uptrendPLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32 and ascended to 55. All things pointing toward a well-established reversal, I will open a long trade here targeting the previous pivot high of 11.75 ( a tweezer top) on June 14th. The stop loss is 9.8 at the level of the pivot highs of June 7th. The trade potentially offers 15% profit in a week or two with minimal risk.
NASDAQ:PLUGLong
by AwesomeAvani
EURUSD - Will The USD Become The Strongest Currency?Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
20
VLO Reversal Pattern - Pump to $127🐂 Trade Idea: Long - VLO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 116.75 🐿 DCA: No 😫 Stop-Loss: 107.99 🎯 Take-Profit #1: 127.09 (75%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — What we see here is a typical reversal pattern. We gain the 114 level downward but fail to hold it and gain the 114 level again in an upward movement which is also the former lower low. If you’re more of a break out trader you can trade this setup directly long with a target at 127 and a stop-loss at 108. We’ve held this level for six days so far. If you want to make sure the trade is safer wait for a re-test around 116-114 and trade the long after a strong rejection. If you prefer the re-test make sure to put your stop-loss to 111-112 because you don’t want to see more downward pressure from that point on. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:VLOLong
by LGNDRY-Capital
1