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Reversalpattern

GBPCAD | Live position reviewEven though this was not part of my plan for the week; the identification of a reversal structure within a strong demand zone on a weekly time frame incited a call for attention. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
1
GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURUSD | Perspective for the new weekThis is my first video tutorial and I am not sure I am good at this but let me know if the video tutorial is preferable. Thank you Tendency: Uptrend (Bullish)/ Downtrend (Bearish) Structure: Supply & Demand | Trendline NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
SPX: Doing many technical movements!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it did exactly what we said yesterday (link to my last analysis below this post), and retested the 21 ema before bouncing back up again. This movement was very technical and expected, and now it is just resuming the bull trend one more time. Since the momentum is bullish in the short-term, as we see clear higher highs/lows, pullbacks to the 21 ema are opportunities to buy. Either way, the next targets are the resistances seen on the chart: The 4,416, the previous top, and the 4,472, the breakaway gap. In the daily chart the situation is still dangerous, but the index is trying to break this purple line, and by doing this, it’ll do something new, indicating a possible mid-term reversal sign. The volume is good (not great, but good), and it looks promising. So far, we don’t see any bearish structure around that could indicate a top level, but let’s keep our eyes open. I’ll keep you guys update, as usual, so remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
EURJPY | Perspective for the new weekSince my last publication on this pair (see link below for reference purposes), prices have continued to spiral downwards thereby emphasizing a downtrend momentum as the JY129 area remains the significant level keeping price under. Despite hawkish ECB, the meeting might fail to offer the Euro a lift anytime soon as I suspect that the bears are about to project into the lows in the region of 124.00 area in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom & Breakdown) Observation: i. Jumping in on our 4H timeframe; it is obvious that price action has continued to find lower lows since the 10th of February 2022. ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last month. iii. The successful breakdown of the JY129 areas which has held price "supported" since the last quarter of last year emphasizes the seller's power at this juncture in the market. iv. During the course of last week's trading session, we witness the Euro grow 3.70% against the JPY only to find a significant resistance at the key level (JY129) on Thursday and Friday with a reversal set-up emerging within an area that is peculiar with selling potentials. v. Now, the appearance of a Double Top structure within the identified Supply zone which also shares a confluence with the bearish trend describes a potential trend continuation if we finally see a breakdown of the Neckline around JY127.5 in the new week. vi. In as much as anywhere below key level appears to be a comfortable area to sell considering current structure, it is advisable that we hold and wait for a breakdown of neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
US100 13321.4 + +0.44 % LONG IDEA * REVERSAL PATTERNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT NASDAQ INDEX THIS WEEK SWING * The index was trading in a DESCENDING channel but seems the channel that saw a break above of structure but failed to continue this momentum towards the upside. - We finally at that zone which will highly become the reversal point. - key to the set up will definitely be patience, we already seeing the formation of double bottoms even on higher time-frames which makes this one a high probability trade. - Looking for long entries on the INDEX this week should all the rules of the formation be met. - YESTERDAY'S SET UP PLAYED OUT BEAUTIFULLY.... lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
ULong
by PULEMokhothu
1
EUR / USD 1.08814 - 0.44 % LONG IDEA *STRUCTURE & PRICE ACTION HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR. * The pair has just been falling like plummeted head first for a minute now, finally seeing some momentum shift. - Finally a reversal pattern may be on the cards on the EUR/USD looking for some bullish momentum to come into play. - Looking for long entries on the PAIR short term this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
1
SOLANA Slope RSI at an extreme pointThere has not been a pattern to confirm the bottom yet and it would be unwise to enter a trade right now but we the indicators are telling me that the bottom has been reached. The honey Cypher VWAP is at a very low point, the previous time it reached this level we got a massive move to the upside. At this point we had a double bottom formation which further increased the likelyhood of a strong trend. My strategy here is to wait for a reversal pattern to surface and enter a trade with a very small stop loss, -2% with a TP1 5% TP2 10% and a trailing at 3% with -3%. You could also enter a trade the moment a reversal brick get's printed but that is less reliable than the patterns. Link to the bounded slope oscillator.
FTX:SOLUSDLong
by Honestcowboy
CRWD: Complete Trend Analysis + Key Points to watch!Hello traders and investors! Let’s see how CRWD is doing today and do a complete MTFA on it! In the 1h chart, we see a clear bull trend, and there’s no reversal pattern around. The 21 ema is a technical support, and as long as it keeps above it, there’s no reason to worry. However, we could see a reversal if CRWD loses the red line at $ 190.36. In addition, as evidenced by the purple line, the previous top is not higher than the previous top, and if it loses the $ 190, the market may see this as a possible Double Top, or as a bearish pivot point. A pullback on CRWD wouldn’t be that problematic, as in the daily chart we see some good patterns. It is finally breaking the 21 ema again, and it stopped doing lower highs/lows, ending the bear trend for good. What’s more, it triggered a Double Bottom chart pattern above the red line at $ 154.15 (we’ll talk about it later). This seems to be a nice reversal pattern, and a pullback to the 21 ema is expected, and this wouldn’t ruin the reversal thesis. To be honest, now is the best time for us to see a small pullback on CRWD, just look at the weekly chart: We just hit the 21 ema in the W chart, and that’s a nice resistance on CRWD. To me, it would be good to see CRWD doing a pullback to its 21 ema in the daily chart, in order to build another bullish structure and trigger a reversal in the weekly chart as well. Remember the red line at $ 154.15, we can see it from here too. This line was Sep 2020 top, now it is working as a support, and this movement reinforces one of the most important principles of Technical Analysis that I always mention in my analyses: The Principle of Polarity. CRWD has its challenges, but we see many good signs to work with. Let’s pay attention to the key points mentioned in this analysis. I’ll keep you guys updated on it, so remember to follow me to keep in touch with my future analyses.
NASDAQ:CRWD
by Nathan_The_Finance_Hydra
4
BTC-D1-REVERSAL IN PROGRESS...GLOBAL PICTURE DAILY (D1) After having reached, yesterday, an intraday high @ 35'332 and nearly achieved a full Fibonacci retracement (former high @ 45'850), the BTC lost momentum and as a result, closed slightly above the middle of the previous white candle which mean, that yesterday's price action, roughly triggered a DARK CLOUD COVER (Bearish warning signal); today's ongoing downside price action is currently confirming this downward selling pressure and a DAILY CLOSING BELOW 43'000 would weigh further on the BTC and therefore open the door for lower levels. Daily clouds area is between 42'524 and 39'093 RSI still above 50, @ 57.93 LAGGING LINE failed to enter in the daily clouds and is in progress to reverse too. The MID BOLLINGER BAND, my own barometer,is currently @ 40'825 and also roughly in the middle of the daily clouds support; this level should be watch at very carefully as a daily closing below this point. would directly put the focus towards the daily clouds bottom around the 39'000 level. WEEKLY (W1) A quick look at the weekly char shows , for the time being a failure to breakout the weekly top clouds resistance area ! Watch the clouds in this time frame as a broad indicator for further development. 4 HOURS (H4) DOUBLE TOP FORMATION IN PROGRESS , coupled with a double doji and a RSI BEARISH DIVERGENCE !!! Trigger level @ 43'220 Technical target (in case of downside breakout confirmed) @ 41'108 Interesting to note that the H4 Kijun-Sen is @ 41'174 and should also be seen as a PIVOT LEVEL in this H4 time frame 1 HOUR (H1) As for H4, a double top formation is in progress. Currently, already, below : 1) Kijun-Sen 2) Mid Bollinger Band 3) Tenkan-Sen 4) the clouds The double top target @ 41'108, coincides also roughly with the H1 clouds bottom support @ 41'241; the 50 % Fibonacci retracement of the 37'015-45'332 recent rally is @ 41'173 LAGGING LINE below TS and KS but still above the clouds. IRONMAN8848 & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
DIS: Complete Multiple Time Frame Analysis (H, D and W charts).Hello traders and investors! Let’s see how DIS is doing today, and do a complete Multiple Time Frame Analysis (H, D and W charts)! First, in the 1h chart, it reacted nicely at the 61.8% Fibonacci’s Retracement, and now it is going up nicely. It is interesting to notice that when it crashed last week, it just hit the previous support at $ 140, and bounced back up quickly. All of this tells me that DIS wants to engage in a bull trend soon. For now, I would say it is trendless, but we do have some bullish signs around. However, it must lose the 61.8% retracement, otherwise, it could drop all the way down to $ 140 again. To me, the most important key point is the previous resistance at $ 150, as this is a pivot point seen in the daily chart: This would be the first pivot point in many months, since DIS started its bear trend, and this could be the beginning of a mid-term reversal, at least. DIS is trendless in the daily chart too, but there are two open gaps (red dashed lines), and if it reverses, they will become targets. In the weekly chart, I like the fact it is reacting near a support level, but here we see a clear bear trend, as it is doing lower highs/lows and it is below the 21 ema. Coincidence or not, the 21 ema in the weekly chart ($ 154) is quite close to the pivot point in the daily chart ($ 150), making this point an important resistance. Let’s see if DIS will trigger its key points or not. Either way, I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses!
NYSE:DIS
by Nathan_The_Finance_Hydra
BTC BARR FORMATION BTC at the 4H After a month of sideways support broke down in early January. and support has been found around $41250. what struck me was the BARR (Bump & Run Reversal) formation and is therefore the pattern that continues for now. I expect that the lead-in line will be a target where the bulls will have to prove themselves to gain ground there to be able to continue up with 2 price targets one based on the start of the Lead-in and the other on the RUN or the outbreak based on the reflection of the longest distance. If the bulls get rejected, it could just be that the bears will prepare another attack to test the $41250. Keep calm, trade safe and manage your risk. *(Disclaimer: This is not financial advice)*
BITSTAMP:BTCUSD
by Tims.Technische.Analyse.
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
AAPL: This is why it MUST break the $ 165 area.Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, we see that AAPL filled its Exhaustion Gap, and it did a strong bullish leg afterwards. This indicates that the bear trend is losing strength, and for the first time since it started the crash, we see a possible bullish structure: A pivot point, a very nice reversal pattern. By breaking the $ 165.41, it’ll trigger this reversal chart pattern, and in this case, we can safely aim at the previous gaps (yellow squares). The $ 176.29 would be the optimal target for a short/mid-term reversal. However, it is important to wait for more confirmation, otherwise, AAPL could just keep dropping. In the daily chart, we see an impressive reaction last week, just above a strong support area. The 21 ema is supposed to work as a resistance, and we must keep our eyes open in this area. In my view, it is important to wait for more signs on AAPL before calling it a buy again, but I agree that the signs are quite promising. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
5