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Reversalpattern

CAT blue chip industrial LONGCAT on the daily chart has trended down more or less since the last earnings beat 6-7 weeks ago. It has now found support at the 0.5 and 0.612 Fibonacci levels confluent with the mean VWAP anchored back 6 months. The Bollinger Band Trend shows a narrow band with for the first time this year. The Relative Trend Index is negative but about to go neutral. I see this as opportunity to take a long trade well ahead of the next earnings. I assume CAT may have solid earnings in the current quarter as its equipment production is purchased by those in the construction industry making expenditures for residential as well as road construction and repair. The Chris Moody RSI indicator shows both lines inflecting in bullish divergence which supports a long trade.
NYSE:CATLong
by AwesomeAvani
XAUUSD | GOLDSPOT | New perspective | follow-up detailsAfter the release of encouraging US economic data recently, Gold prices are showing signs of stabilization following consecutive days of losses triggered by the hawkish tone in the Fed Meeting Minute. FOMC Minutes revealed that Fed officials are uncertain about the level of policy restrictiveness and anticipate a prolonged wait before gaining confidence in sustainable inflation moving towards 2%. While the US Durable Goods Orders exceeded expectations, a downward revision in the prior month's figures tempered the report’s impact, emboldening Gold buyers as evidenced by a surge in trading activity before the weekend. Improved US business activity is reducing the likelihood of a rate cut by the Federal Reserve (Fed). Moreover, the University of Michigan's consumer sentiment poll displayed a modest uptick, though inflation sentiment remained mixed. The US 10-year Treasury note is yielding at 4.461%, experiencing a slight dip of one-and-a-half basis points on Friday, putting pressure on the US Dollar. Geopolitical tensions escalated as China initiated a second day of military exercises near Taiwan, and the decisions by Ireland, Norway, and Spain to recognize Palestine as an independent state have added volatility to markets, potentially fueling demand for Gold. Given these recent changes, the question looms: will buyers or sellers come out on top in this shifting landscape? XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the critical $2,350 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,350 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldAnalysis #XAUUSD #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets #GoldPrices #FedMeeting #EconomicData #GeopoliticalTensions📺🔔💼 Disclaimer Notice: Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
6
Alibaba - Don't forget chinese stocks!Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
18
GBPUSD | Perspective for the new week | Follow-upIn this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate outlook. With the Bank of England (BoE) potentially considering rate adjustments in the near future, the market sentiment has turned slightly cautious. BoE Governor Andrew Bailey's remarks following the March CPI data release hint at a potential decline in inflation figures, impacting the Pound Sterling's trajectory. On the other side of the Atlantic, Federal Reserve (Fed) policymakers have been pushing back on market expectations for rate cuts, despite the decline in US inflation data. The Fed's stance on maintaining higher interest rates for a longer period has led to a rebound in the US Dollar. Moreover, concerns over the strength of the US labor market have deepened following higher-than-expected Initial Jobless Claims data, adding another layer of complexity to the market dynamics. GBPUSD Technical Analysis: Will the pound hold below $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
1
GBPUSD | Perspective for the new week | Follow-upJoin us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This buoyant economic growth paves the way for a 'soft landing,' according to Bank of England Governor Andrew Bailey, instilling confidence in inflation returning to target levels. However, amidst this optimism, there's a divergence of opinions within the BoE's Monetary Policy Committee, with talks of a potential rate cut looming. Meanwhile, across the pond, the US Dollar faces headwinds as jobless claims soar, reigniting concerns about the strength of the labor market. Against this backdrop, all eyes are now on upcoming data releases, including UK labor market statistics and US Consumer Price Index data, as investors brace for potential market shifts. GBPUSD Technical Analysis: Will the pound maintain its momentum below the critical $1.25400 zone? In this video, we've examined the 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure. Our focus remains fixed on the pivotal level at $1.25400 and descending trendline, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come. Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer Sentiment plunging to its lowest level in six months. As we dissect the market dynamics, Friday's sentiment data and weaker labor market figures underscored a gloomy outlook for the US economy. While fears of a significant economic slowdown lingered, market participants sought refuge in safe-haven assets, propelling the price of Gold higher. Federal Reserve officials remained in the spotlight, with divergent views on monetary policy. Atlanta's Fed President Raphael Bostic maintained a hawkish stance, projecting just one rate cut in 2024. Conversely, Fed Governor Michelle Bowman advocated for policy stability, indicating no immediate need for rate cuts this year. Similarly, Dallas Fed's Lorie Logan dismissed the notion of interest rate cuts. Meanwhile, Minneapolis Fed's Neel Kashkari adopted a cautious "wait and see" approach towards future monetary policy decisions. Looking ahead, next week's US docket is set to unveil crucial inflation figures, retail sales data, building permits, and a slew of Fed speeches. These releases are anticipated to offer fresh insights into the direction of Fed reserve monetary policy. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our focus for the upcoming week centres around the $2,360 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,360 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. Join me as we unpack the implications of these factors and explore possible trading opportunities in the Gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
OANDA:XAUUSD
by darcsherry
Intel - What is going on?Hello Traders and Investors, today I will take a look at Intel Corporation. -------- Explanation of my video analysis: In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
18
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWe dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The positive tone to market sentiment, driven by a rally in equity markets, may have contributed to Gold's decline, despite its safe-haven appeal during times of crisis. Additionally, the likelihood of the Federal Reserve cutting interest rates sooner than anticipated could weigh on the US Dollar (USD), as evidenced by sliding US Treasury yields. Fed Governor Bowman's hawkish remarks, expressing willingness to hike rates if inflation stalls, and the solid US employment report further shaped market expectations. In this video, we analyze these developments and decipher the potential behavior of the XAUUSD market as we head into the new trading week. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our focus for the upcoming week centres around the $2,285 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,285 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. Join me as we unpack the implications of these factors and explore possible trading opportunities in the Gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
$CDNA Continuation Long Term Channel UpHello, traders! Today we're spotlighting NASDAQ:CDNA (CareDx, Inc), which is exhibiting a compelling long-term Channel Up reversal structure. This formation indicates a robust bullish sentiment, which could potentially lead the stock to revisit its all-time highs and even explore new price levels in the coming years. Chart Analysis: Pattern: Channel Up Reversal Current Price: $11.06 Volume: Ideally, increasing volume should accompany the price rise, confirming the strength of the reversal. Key Observations: The Channel Up pattern suggests a stable and consistent uptrend. The stock's ability to maintain higher lows over an extended period is a strong bullish indicator. The reversal is taking shape after a period of consolidation, offering a clear channel structure as a roadmap for future price movements. Trading Strategy and Targets: First Target (TP1): Around $15-$16, aligning with the first significant Fibonacci retracement level and expected resistance. Second Target (TP2): The next major Fibonacci area falls between $30-$34, where previous resistance could convert into new support, paving the way for further gains. Third Target (TP3): Aiming for $55-$60 as the subsequent Fibonacci level and psychological resistance point. Long-Term Targets: All-Time High (ATH): Reaching for the ATH around $100. Breaking this level could trigger a strong psychological buying response. Price Discovery Phase: If the momentum continues beyond the ATH, speculative targets could range between $200-$350, based on extended Fibonacci projections and market dynamics. Trade Setup: Entry Point: Consider entries on pullbacks to lower channel boundaries or after a high-volume breakout above recent highs. Stop-Loss: Set stop-loss orders below the most recent swing low within the channel to protect from downward breaks. Take-Profit: Gradually take profits at the described Fibonacci levels, potentially using a trailing stop to maximize gains. Risk Management: Invest cautiously, as long-term trades are susceptible to broader market shifts and specific sector impacts. Adjust your exposure based on your risk tolerance and always have an exit strategy in place. Conclusion: NASDAQ:CDNA offers a textbook example of a Channel Up reversal that could reward patient investors handsomely. Keep a close eye on industry trends and financial reports that could influence the stock’s trajectory. Happy trading and let’s ride this channel to new heights! Disclaimer: This analysis is for educational and entertainment purposes only and is not financial advice. Always perform your own research and consult with a professional before making any investment decisions.
NASDAQ:CDNALong
by STP_MrNodeItAll
ICT Long Setup EURAUD (Scalping ONLY)👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup in EURAUD for scalping (Its Daily Chart is in Downtrend) Please refer to the details Stop loss, Demand Zone(Buy Zone), TP 1 and TP2 for take profit. For more ideas, you are welcome to visit our profile in tradingview. If the price had hit the TP2 when you see this idea, please wait for next idea. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in February. The robust inflation figures dampened Gold's attractiveness as they dampened expectations for Federal Reserve (Fed) rate cuts in the upcoming September monetary policy meeting. Traders responded by scaling back their bets on Fed rate cuts, influenced by the persistently high GDP Price Index, which surged to 3.1% from the previous 1.7%. According to the CME Fedwatch tool, the probability of a rate cut in September now stands at 59%, down from 69% just a week ago. Given these developments, the outlook for Gold in the coming week remains uncertain, especially with several high-impact events on the horizon. How will Gold prices fare amidst these significant economic indicators? XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,350 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,350 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
DOCN rises from Fib level support LONGDOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from the rise after the November earnings. and the triple top then trend down from the last earnings. I believe that is is well situated to rebound toward that triple top again in the next three weeks until earnings. I realize that based on the inicators a long trade would be buying weakness but I believe buying at undervalue is a good buy low with an expectation of 15-18% upside.
NYSE:DOCNLong
by AwesomeAvani
SPY falls out of its channel on geopolitical risk SHORTSPY on the 2H chart shows the past six months of trend. SPY has been in an ascending channel but fall out of the channel. Iran's ambition to retliate against Israel and the movement of US NAVY warships into the the Middle East raises concerrn as does "sticky inflation" and early earnings reports from big banks. On the chart, trend angle analysis suggests the SPY may be topping or correcting its ascend. The shorter VWAP line are more flat than the longest VWAP line. I see this as impetus to further implement my hedging strategy with conviction and discipline. I can easily appreciate that SPY could pullback to 490 ( the middle anchored VWAP line) and easily could pullback into 465 as a standard Fibonacci retracement. Obviously fundamentals can trump technicals. Geopolitical risk is significant can easily trump both of them. I find good cause to hedge with inverses of ETFs of the indices and inverse ETFs for technical stocks, and perhaps banks, financial stocks and bonds as a means to buffer any fall my long positions moving forward.
AMEX:SPYShort
by AwesomeAvani
GBPUSD | Perspective for the new week | Follow-upAmidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged to new depths. The UK's economic landscape presented a mixed picture, with March's retail sales stagnating while annual growth maintained a modest trajectory. Against this backdrop, the Bank of England and the Federal Reserve emerged as key players, wielding their influence to shape market sentiment. The journey across the pond unveiled a contrasting narrative, with robust US Retail Sales figures sparking a reassessment of interest rate projections and propelling the US 10-year note yield to unprecedented heights. While Atlanta Fed President Raphael Bostic cautioned against persistent inflation, New York Fed President John Williams struck a more measured chord, emphasizing the Fed's data-driven approach and its nuanced stance on monetary policy. In this video, we dissect the implications of these developments and chart our course for the new week in GBP/USD trading. GBPUSD Technical Analysis: Will the pound maintain its momentum below the critical $1.24200 zone? In this video, we've examined both the daily and 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure. Our focus remains fixed on the pivotal level at $1.24200, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come. Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further illuminating insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry