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Reversal

AAL LONG American AirlinesAAL is shown here on a one hour chart with anchored VWAP bands shown. The anchoring is set for the beginning of the year. Based on the price action drawn in are support and resistance zones. When price is one or more standard deviations below the mean VWAP, the stock is undervalued and institutional buyers will set buy orders. ( Short sellers will close there position to provide shares to the buyers and take their profit off the table (When the price is one or more standard deviations above the mean VWAP, the stock is overvalued. Institutional sellers will sell their shares ( either shares at a profit or short sell ) At present price, action has retreated to the upper part of the support zone. AAL is getting to a buying point. The relative volume indicator shows huge increases in volume compared with the rolling average volume of the past 50 days. Essentially current volume is 10X that average meaning there is extreme interest in this stock and great liquidity. Fundamentally, AAL has had two prior quarters of earnings reports and the upcoming earnings could be fueling volatility and potential price surge. I see this as reversal setup for great entry for a 45-60 DTE call option at or in the money or a long swing trade targetting just below the resistance zone or one standard deviation above the VWAP.
NASDAQ:AALLong
by AwesomeAvani
EURGBP: Buy the rising wedgeHello Traders! Welcome back to another trade with analyst Aadil1000x. Today there is a nice bullish pattern in eurgbp and it's called a rising wedge pattern. This pattern is popular as a strong short pattern and that's good because when they sell we buy. It does not matter how others are doing we will make money by buying a rising wedge. Also, it's never a short pattern. Wait for a clear pattern before buying eurgbp. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
GBPCHF - Bears Took Over, Now What For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCHF has been stuck inside a range in the shape of a symmetrical triangle. As per my last analysis (attached on the chart), GBPCHF was around the upper orange trendline so we were looking for sell setups. Now GBPCHF is approaching the lower trendline, so we will be looking for buy setups. Moreover, the lower orange trendline is a support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of a support / lower orange trendline. As per my trading style: As GBPCHF 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
6
GBPAUD reversal setupA very clean reversal setup here for GBPAUD we tracked this bullish move higher from last week, after fridays price action we have now seen a move out of the current range and into a new sell move. With this breakdown we can see that our order flow has shifted bearish at least for the short term, werre looking at our unmitigated supply to give us a smooth move to take price lower into a new range. now as far as entry for this trade goes il be watching the highs as they have clear trend liquid above them, so with this in mind i may look t take a trade once we sweep out this high or allow more room with the SL to make up for any possible sweeps! We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Short
by PipSurfingSociety
BITCOIN - Make Or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. However, it is now sitting inside a strong weekly rejection zone. Here is why the 30k - 32k is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance 3- Weekly Supply zone 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 For the bulls to take over from a long-term perspective, we need a weekly break above 32,000 as mentioned in my previous post (attached below) 📌 on H1: Right Chart For now, as long as we are inside the 30k - 32k zone, the bears can take over for a correction. For the bears to take control, we need a break below the last minor low in gray which would be the neckline of a head and shoulders in the making. 📉 In this case, a movement till one of our two demand zones would be expected (highlighted on the chart) Which scenario do you think is more likely to happen first? 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
25
GM General Motors Pre Earnings LONGGM is on a 4H chart. Fundamentally, the last earnings were good. GM is challenged by the adoption of electric vehicles and the transformation of its core business. Small EV companies ( CANOO, RIDE, WKHS, FFIE, MULN) are mainly undercapitalized noise. The competition is really TSLA and Ford. Earnings upcoming are April 25th Technically, the price has been trending also a support of the lower standard deviations of the anchored VWAP originating on the date of the last earnings. Recently price has moved from -2 STD VWAP band to the higher -1 STD band. Price is now sitting on the support shown by the Luxalgo indicator with the earnings report due The VWAP bands are quickly losing slope as earnings report day of April 25 approaches. the zero lag MACD has lines crossing under the zero line and the histogram has just turned positive. These serve as confirmation entry signals. I see this as entry time for an earnings play. Entry is by market order with a stop loss below the demand zone. Targets are VWAP ( purple line), the midline between the demand/supply zones, and then the final target is the +1 STD above VWAP ( downsloping stepped black line). Overall a reward for the risk of about 4X. I may opt to play this with call options striking $35.00 expiring on 5/5 and currently priced at FWB:112 per contract.
NYSE:GMLong
by AwesomeAvani
Reversal Pattern in NVDA: A Temporary Cool Off or a Major Trend In this article, I will discuss the head and shoulders reversal pattern observed in NVIDIA stock. Recently, the stock has experienced a significant uptrend, rising approximately 48% after the completion of a larger inverted head and shoulders pattern. However, recent price action on lower timeframes suggests a smaller head and shoulders pattern is forming, potentially indicating a temporary cool-off phase. I will analyze this pattern in-depth and explore its possible implications on NVDA's future price movements. Larger Inverted Head and Shoulders Pattern The larger inverted head and shoulders pattern that played out in NVDA's price action led to a substantial gain of approximately 48%. This bullish pattern indicated that buyers were in control and that the stock was poised for a significant upward move. As a result, NVDA saw a strong rally, reaching new highs for 2023. Smaller Head and Shoulders Pattern Despite the impressive gains, a smaller head and shoulders pattern has emerged on lower timeframes. This bearish pattern suggests that NVDA may experience a temporary cool-off phase in the coming weeks. Considering the rapid price increase, it is not unusual for a stock to undergo a short-term correction before continuing its uptrend. Comparing NVDA with AAPL and TSLA Similar to NVDA, other tech giants like Apple (AAPL) and Tesla (TSLA) have also performed exceptionally well in recent weeks. It is expected that these stocks, too, may face a temporary cool-off phase as the market undergoes a period of consolidation. Possible Price Scenarios As we analyze the head and shoulders pattern on NVDA, several price scenarios emerge: If NVDA breaks the $263 support level, the cool-off period indicated by the head and shoulders pattern may occur, and the stock could pull back to $238. A further decline to HKEX:215 would signal a potential buying opportunity for a bounce. However, given the strong upward trajectory from HKEX:138 to FWB:280 , this scenario seems less likely. Our stretch goal for NVDA remains around HKEX:337 , suggesting that the stock could reach new highs in 2023 if the bullish momentum continues. The head and shoulders reversal pattern on NVDA's lower timeframes indicates a potential cooling off period for the stock. While it is natural for a stock to undergo a short-term correction after a strong rally, the bigger question remains whether this is a major trend shift or a temporary pullback before reaching new highs (for 2023). As investors and traders, it is crucial to closely monitor price action and key support levels in order to make informed decisions in the face of market uncertainty.
NASDAQ:NVDAShort
by bitdoctor
7
ETH: Next Six stepsHello Traders! Welcome back to another trade with analyst Aadil1000x. Today I have analyzed the next 6 steps of ETH for the A1000x members. On the first step, i am expecting a nice breakout and this will not stop at 2042 support but it will form a pullback pattern below this level because there is a magnetic line at 20009 attracting the ETH. Next, we will see some reaction patterns and a beautiful rise but this beautiful rise will not last long as it will end after the breakout of the trendline. After a breakout, we will see 'J' shape pattern and a nice drop after that. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
The Bear Market Looms: Is Ethereum in Trouble?Technical analysis using the Ichimoku cloud indicates that Ethereum is approaching a resistance level around the HKEX:2 ,200 price range. This resistance level suggests that Ethereum's price may experience a pullback or even lower lows from this point. The Ichimoku cloud is a technical analysis tool that uses a combination of indicators to identify support and resistance levels. It is made up of several lines that provide information about price momentum, trend direction, and potential reversal points. When the price is above the cloud, it indicates that the trend is bullish, while when it is below the cloud, it is bearish. In Ethereum's case, the cloud is indicating resistance around the HKEX:2 ,200 price range, which could result in a pullback or even lower lows from this point.
COINBASE:ETHUSDShort
by UnknownUnicorn910751
BTC 15m Head and Shoulders and 1H Double Top on the Trend WavesWe can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline. A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70. The head and shoulders pattern formed on a 15m timeframe, and it retests the neckline at the moment of writing this, with a possible drop to 30300 right through the hole on VPVR on the right. Again, the fact that I remain bearish should not change the fact that trading against the trend is a big NO-NO.
Short
by RockinHood
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows. However, it is approaching the upper brown trendline that I consider an overbought area. Moreover, the 2075 is the current all-time-high. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
10
BTCUSDT: Summer is commingHello Traders! Welcome back to another trade with analyst Aadil1000x but this is not a normal trade. First of all, I will suggest you close the spot positions that are posted recently by me as we are at the peak of a big crash. This is a deep analysis of BTCusdt many more points are not on the chart but here is a basic few points about my view about the crash. The Main reason why BTC will break the bottom is that there is a major trendline break and if we look closer it was a smooth break. A smooth break is never a good break. BTC was supposed to form some candles above the trendline so that it can never look back But it failed to do it. So this is the major reason behind the big crash. Many of you won't understand what I am saying as this is a deep analysis of BTC and to crack a perfect chart we need deep analysis. The second point is that there is a trendline coming called a bullish breaker. It is formed to give sleeping pills to the Bulls. Once the market crosses that line bulls start to sleep and sooner or later bears have to take control and take the market back to that trendline. The third line is the final line it is there to cut the neck of bulls and it will dump them inside the ground. The 'Head' is the rising wedge pattern and its head is above the key level. It will fall down soon. The funny part is you will also see the tongue coming outside the mouth after the bulls fall asleep. LOL Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
8
NZDCHF - Strong Support Zone🛑Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF is overall bearish trading inside the falling broadening wedge in brown and previously we have been looking for trend-following sell setups around the upper brown trendline. Now NZDCHF is approaching the lower brown trendline. Moreover, the zone 0.55 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCHF approaches the lower 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
10
NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline. Now NZDCAD is approaching the lower orange trendline again. Moreover, the zone 0.83 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCAD approaches the lower 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
8