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Reversal

GBPCAD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 📚 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue resistance support zone and lower red trendlines . (acting as non-horizontal support) on M30: Right Chart 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, GBPCAD can still trade lower inside the support zone 1.60 from Daily. 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
Bitcoin Reversal Signal on WEEKLY - part 2This is a follow up of my other idea ''Bitcoin Reversal Signal on Weekly''. Here, I predicted that bitcoin would reverse on the major weekly rsi divergence and it did for sure! Now looking at the daily chart: I don't think this bounce is over yet, I think there is still some juice left. To me it looks like BTC is forming an inverse head and shoulders, this breakout could send us pumping really hard, however, there is still a big resistance zone at 30k. I think this move can reach 30k for sure, there is a chance at 30k would break and then I think we can overshoot towards 40k+. Is the bottom in? I'm not sure, but for now, I think Bitcoin has some room to go the upside. Remember that we went down for more than a year without any significant counter-rallies, so I don't think this rally is unjustified.
BITSTAMP:BTCUSDLong
by CivilisedWolf
GBPAUD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPAUD is overall bearish trading inside the blue channel, and it is currently approaching the upper blue trendline. Moreover, the zone 1.76 is a strong resistance zone . 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper blue trendline. (acting as non-horizontal resistance) As per my trading style: As GBPAUD is sitting around the upper purple 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
Short
by TheSignalyst
3
SPY tail Risk IndexThis index is constructed by taking the SPY and adding 3 month out of the money puts activity to come up with a "tail risk" estimate. It is a measure of the market's appetite to take on new risk. At extreme levels, it can signal over-optimism and a potential market downturn. In fact, that is what happened on 8/16/22 and 12/1/22. It is now happening again, but the big difference between now and then is that we are "bull flagging". This suggests a possibility that this rally may not be over. Watch this index over the next few days and see if the bull flag breaks down. If you want to have some fun, construct a chart of the ratio of SPY to PPUT3M.
P
by UnknownUnicorn13101
GBPUSD Long Reversal? 07.02.2023I am using a 3 hour timeframe this time in order to highlight the fact that pair moved significantly low within a very short period of time. However, the important part is that the price move switched the path from being above the MA30 to moving below it. A retracement is expected even if the significant market move downwards took place 3rd Feb. In order for the retracement to take place the resistance level 1.207 must break. Otherwise it might not even take place at all. The Fibonacci tool in this chart is not entirely the correct one to use. As per the indication, The retracement would be at least at the 61.8% level, at 1.2105. Looking at the H4 timeframe, the Fibo levels signal that retracement might even reach to 1.215. The absence of important news and figure releases might help this retracement/reversal.
Long
by Stuart_Cowell
2
BNB: Unstoppable BullsHello Traders! Welcome back to another Post with analyst Aadil1000x. This is another beautiful post and i loved the way patterns are forming in BNB not only are many steps predictable in BNB but we are not here to trade every step of BNB but i am here to advise you for some long-term holding. In my post, many traders might not agree with the directions of the breakout of the patterns because I have broken many rules. It is surprising that the wrong way of pattern trading is the most liked post and people argue on the correct way of trading. Figuring out the perfect chart is tough so they chose the easy way to analyze and market makers take benefit of their capability. I crack a perfect chart after understanding the user manual of brokers/market makers. Let's inspect the chart now. There is a bear flag pattern in the bigger picture and we can clearly see there is a reversal pattern after a breakout and market showed a nice bullish move and the last pattern is a rising wedge pattern. If we go blindly then selling a rising wedge will give you a 35% of time profit and buying will make a profit of 65% time. If we don't go blindly and do deep analysis then we can crack the next move with up to 95% accuracy. This time this is a bullish formation and BNB will break through the roof and will not stop even after breaking the roof. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
6
USDCHF - Waiting For The RetestHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDCHF is still overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines . Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone . 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance) As per my trading style: As USDCHF is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) And of course, in parallel, as USDCHF approaches the blue support 0.91 we will be looking for buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
BTCUSDT: Next Few stepsHello Traders! Welcome back to another post with analyst Aadil1000x. These are the next few steps that I am expecting from the market. These steps are not randomly selected but these patterns are the chains of reactions and each step is predictable with the help of multiple different strategies. Multiple moves are not predictable with some basic strategies. On the first step, we have A1000x True reversal point at 22821 and I am expecting a rise from there. Next, I am expecting that the market will aim to break the resistance. After breaking the resistance there will be a reaction toward the downside but once a trendline is broken it will start to move up again and it will move towards its ultimate aim which is a flip zone. At the flip zone, we will see a reversal pattern which will push the market toward the downside. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
WBT - Wait For The Bulls!↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart WBT is still sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes. on H4: Right Chart WBT is forming a channel in red but it is not ready to go yet. 🏹Trigger => for the bulls to take over, we need a momentum candle close above the upper red trendline and last major high in gray. Meanwhile, until the buy is activated, WBT can still trade lower till around 3.0 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
15
are we bottoming out in vix?its too early to tell the weekly picture, but the daily and 4hr appear to be turning the tide for the broader market in a bearish direction, and that mean uvxy could see high $5s. if we do create a top in spx, and uvxy does begin to climb today i would only at first assume its a temporary pop, but if we truly start unravelling uvxy could see high $6s. count on the market and spx returning to bull as long as were in this weekly inside bar scenario. i am all cash until we pick a direction.
CBOE:UVXY
by cerealpatterns
Beautiful key week reversal on the US Dollar IndexDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
ICEUS:DX1!Long
by The_STA