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Reversalpattern

USDCHF | Perspective for the new weekThe probability of the Greenback to do a substantial drop in the coming week(s) seems to be high following the appearance of a reversal pattern in the structure of a Head and Shoulder on the Daily chart. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. As far back as 2010, It is interesting to observe how the Fr0.92400 zone has been a major determinant of the direction of price action as soon as it is broken or tested (See your weekly chart for reference purposes). ii. Since the price broke above the Key level @ Fr0.92400, it has been difficult for buyers to continue with the same momentum as the Fr0.93700 level was met with sharp rejections that led to lower highs. iii. Head & Shoulder: a baseline with three peaks, where the outside two are close in height and the middle is highest. iv. The appearance of a Head & Shoulder at this juncture in the market describes a specific chart formation that predicts that a bullish-to-bearish trend reversal is imminent. v. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline which is also a significant Key level in the coming week for confirmations. vi. This being said, the early hours/days of the new week might see a rise into the New Supply level indicated on the chart before the decline begins. However, it is most comfortable to have a position below the Neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10days 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.
Short
by darcsherry
1
AUDUSD | Perspective for the new week | Follow-up detailsSince my last publication on this pair, the price moved 150pipos in our direction before the reversal began (see link below for reference purposes). The Greenback 5-months winning streak appears to have come to end. The appearance of a Double Bottom pattern coupled with the relaxation of COVID-19 restrictions in Sydney, Australia’s most populated city after a four-month lockdown appears to bring hopes for the Aussie in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. The visual representation of a line drawn over pivot highs revealed the momentum and prevailing direction of price action in the last 5 months. ii. Since the beginning of the year 2021 (February to be precise), we witnessed a downward spiral in price action until the price hit a bottom around $0.71 - a level that appears to be difficult for sellers to break down. iii. Following the test of $0.71 on the 20th of August 2021; the price found a higher low to signal the possibility of a reversal, the beginning of a potential uptrend and at the same time raise the expectation of a Double Bottom structure. iv. The appearance of a Double Bottom pattern is an extremely strong reversal pattern that describes a change in trend and a momentum reversal from prior leading major or minor downtrend. v. The Breakout of Bearish Trendline on the 11th of October 2021, gives more credibility to the Bullish bias as we anticipate a Breakout of Neckline @$0.74000 in the coming week(s) for confirmation details. vi. In case a correction happens in the early hours/days of the new week, I have identified a window on the chart for buying opportunities between $0.73000 7 $0.74000 with an opportunity to add to our existing position at Breakout/Retest of Neckline... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 5 to 10days 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
NIFTY - Potential End To The Bull Run Coming SoonTraders, NIFTY (NIFTY50) has been the best index. It has performed much better than US indices and has recently been competing with FTSE 100 too. The bull run is still on but it could shortly be coming to a halt or reversal when it reaches this FCP zone based on 161.8 Fibonacci Extension. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NSE:NIFTYShort
by vikinsa
1
$BBIG "Island Reversal" is a promising sign for the bullsAn island reversal is a chart formation where there is a gap on both sides of the candle. Island reversals frequently show up after a trending move is in its final stages. An island reversal gets it name from the fact that the candlestick appears to be all alone, as if on an island. A key sign of a valid island reversal is an increase on volume on both the first gap, and then the subsequent gap in the opposite direction. An island reversal formation is often attributed to news driven events that occur in the pre-market or after-hours trading.
B
by Acceleron
2
Apple Reversal sign, Falling Wedge Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Apple stock turned Bearish back on September 8, The value of the stock was in the 157.13 zone and dropped and hit 138.40 yesterday almost a 12% drop in a short period of time. AAPL has an average volume of 77287300. This is a good sign as it is always nice to have a liquid stock. It seems that the stock is trading in a Falling wedge pattern which indicates a reversal soon, (Falling wedge in a downtrend is a sign of a Bullish reversal) the stock right now is trading at 142.00 with different technical indicators showing a bearish short-term trend but a Bullish long-term trend, It is expected that the market will turn Bullish as soon as the market breakout of the falling wedge pattern. Possible Scenario for the market : The stock is trending at 142.00 today, if the bearish trend continues then we will see the stock price reach the $138 level or even the $132 before breaking out of the wedge pattern, where the trend will pick up and start moving back up to the $157 zone. Technical indicators show : 1) The market is below the 5 10 20 50 MA and EMA but still above the 100 and 200 which indicates a Bearish short-term trend but Bullish long-term trend. 2) The MACD is below the 0 line which indicates a Bearish market for now, With a negative crossover between the MACD line and the Signal line. 3) The STOCH bounced from the oversold zone which indicates a rise in price soon, and a positive crossover is happening between %K and %D. Weekly Support & Resistance points : support Resistance 1) 139.18 1) 146.03 2) 135.72 2) 149.42 3) 132.33 3) 152.88 Fundamental point of view : AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 96% of its industry peers. The industry average Return On Assets is 1.78% and the stock Profit Margin of 25.00% is amongst the best returns of the industry. AAPL outperforms 96% of its industry peers. The industry average Profit Margin is 3.14%. It's always good to know that the Altman-Z score of 7.43 indicates shows that AAPL is not in any danger of bankruptcy at the moment. Apple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. Since early September it has been declining from the record high. Recently, the stock broke below the support level of around $142, marked by the previous local lows. The $142 price level is acting as a resistance level right now. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
NASDAQ:AAPLLong
by GabiDahduh
6
AUDUSD > Detailed Plan for Sells and Buys!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #AUDUSD While getting ready for the NFP release, here is my detailed plan for AUDUSD. As you see the market now at resistance level, but i would not sell here before having or confirmation reversal pattern that meet my rules for entry. if the market breaks and closes above it resistance level that will give me a great idea where i want to buy to target the next level of major resistance if the rules are met I always thank you so much for the time you spent here. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
by TheTradersAvenue
6
PLTR: Just filled a gap! What's next?Hello traders and investors! Let’s see how PLTR is doing today! We had a Red Monday yesterday, and PLTR crashed along with the rest of the market. Now, what’s for us here? First, let’s keep in mind that PLTR just filled its gap at $ 23.19, and now we have the beginning of a bullish reaction. This candlestick pattern could be a Harami, which is not the best reversal pattern, I agree, but since it is near such a good support level, the odds of a reversal increases dramatically. In addition, PLTR has been dropping since Sep 24, but the volume was below the average. This is another sign that PLTR has been dropping just because it has been following the market. We still don’t see any meaningful bearish structure that could sustain this drop for too long. In fact, there’s a good chance that we just hit the bottom for now. What we must see is a clearer bullish structure in the 1h chart: If PLTR closes above the previous support level at $ 23.67, it’ll be a good sign, but what we really must see is a bullish structure. So far, PLTR has been doing lower highs/lows, and as Dow would say: Trends persist until a clear reversal occurs. This week is going to be decisive on PLTR, and if you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
NYSE:PLTR
by Nathan_The_Finance_Hydra
5
FB: Could this be the bottom? Let's see.Hello traders and investors! Let’s see how FB is doing today! First, we see that FB is clearly in a bear trend. There’s nothing that could help FB now, unless we see a clear bullish reaction. As someone who is out of FB, I’m more tempted to buy than to sell, as the risk/reward ratio favors the bulls. If we fill the last gap, it’ll confirm an Exhaustion Gap, and what’s more, the $ 323.18 is an interesting support, and a good place for a reaction, as we can see on the daily chart: There’s a good chance that this could be an Exhaustion Bar, a large bar that appears after a bearish leg, hitting a previous support level, with good volume. Along with the possible Exhaustion Gap in the 1h chart, we can assume that any confirmation of a reversal down here would be an incredible sign to buy. However, we always must wait for confirmation, ok. If I were shorting FB since the $ 385, I would probably book profits now. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
NASDAQ:META
by Nathan_The_Finance_Hydra
3
CHFJPY | Perspective for the new week | Follow-up detailsFollowing a 100pips move in our direction since my last publication on this pair (see link below for reference purposes), I see a short term opportunity as the current structure in the market insinuates that a temporary decline in price is imminent after observing a significant Breakdown of JY119.500 in the course of the last week trading session. b]Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakdown) Observation: i. If we go as far back as August 2021, we will observe multiple rejections of the JY120.5000/120.000 zone; a feat that suggests a strong zone for the demand of Japanese Yen. ii. The visual representation of a line drawn under pivot lows in the last couple of weeks reveals the prevailing direction of price action which culminated at a peak of JY120.210 before the downward spiral. iii. The sudden Breakdown of this Bullish trendline during last week trading session reveals that buyers lost momentum. iii. However, It is worthy to note here that we are still within a good demand zone (JY119.000/119.200) for the Swiss Franc. iv. Following the Breakdown of the Key level @JY119.500, the retest of the Key level on Friday signals a change of baton as I anticipate a takeover from the sellers in the coming week. v. In this regard, below Key level remains a comfortable zone to sell the Swiss Franc with an opportunity to add to our existing position if the Demand zone no longer holds the selling pressure. vi. In the meantime, the Bearish bias on this pair remains temporary... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:3 Potential Duration: 1 to 4days 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.
Short
by darcsherry
USDCAD | Perspective for the new week | Follow-up detailsAs price moved in our direction since my last publication on this pair, we scooped over 350pips (see link below for reference purposes) before the reversal setup began. As at the moment, it appears that we are on the verge of a risk of further decline in the coming week(s) as the Dollar lost all it gained during the month of September 2021 and with the appearance of Head & Shoulder look alike, the possibility of a reversal increases. The Greenback may continue to decline in the coming week as the U.S. yields dropped despite stronger than expected inflation and consumer spending. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Head and Shoulder) Observation: i. The Loonie has been on a downward spiral since mid last year and the appearance of a reversal pattern at exactly 38.2% retracement of the Bearish Impulse leg cited on the weekly chart might be a signal confirming a risk of further decline in the coming week(s). ii. The visual representation of a line drawn under pivot lows reveals the bullish momentum of price action since the month of June 2021 but a drop in momentum can be seen in the recent pivot point as the price did not launch as high as the previous before the second breakdown of Trendline. iii. A baseline noted on the chart with three peaks, where the outside two are close in height and the middle is highest describes a specific formation that predicts a bullish-to-bearish trend reversal. iv. Completion of the reversal pattern can be confirmed at Breakdown/Retest of Neckline in the coming week as below C$1.26300 remains a comfortable level to sell the Dollar. v. It is worthy to note that C$1.263000 has a memory for selling opportunities in recent times (April 2021). vi. A Breakdown of the Neckline and Key level is a confluence for selling opportunities in the coming week with an option to add to our existing position at Breakdown/Retest of C$1.25000 level. NB: It is very possible that the projected decline in price might be a short term trend... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 3 to 10days 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.
Short
by darcsherry
GBPCHF | Perspective for the new weekThe British Pound appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. It has been a Bearish run for the Pound since mid-September 2021. ii. The trend can easily be recognized after connecting a series of pivot highs together since the 20th of September 2021. iii. Trendline: The visual representation of a line drawn over pivot highs reveals the prevailing direction and speed of price action in the last couple of weeks. However, the price inability to break below Fr1.25000 during last week trading sessions says a lot about the preference of the majority in the market as indecision increases regarding selling the Pound for the Swissy. iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern within a zone that has continue to be a critical spot for the high demand of the Pound (since July 2021) gives more credibility to my Bullish bias. iv. Completion of the reversal pattern is confirmed at Breakout/Retest of Neckline, a zone that also serves as a Key level. v. The early hours/days of the new week might see a plunge into the Fr1.25600 zone (represented on the chart in blue) before the rally continues. vi. This been said and as I continue to look forward to a successful breakout of Bearish trendline, above Key level @ Fr1.26000 remains a window to take advantage of the potential rally in the coming week(s)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 14days 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
Continue to wait for the opportunity to sell with BTCUSDH1 time frame. Structure: Downtrend. While there was a strong upward move after the price down to the 41000 support area, the bullish momentum is now waning as the price approaches the 44000 and 45000 resistance levels. At this resistance, wait for a reversal pattern to appear, then you can enter a sell order. The profit target is the 38000 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDShort
by tradafx
NVDA: The Gap Reversal Ritual.Hello traders and investors! Let’s see how NVDA is doing today! In the 1h chart, we did a false breakout from the previous support at $ 206, and we are going up nicely today. In fact, today’s reaction is quite important, as this might be the beginning of the famous Gap Reversal Ritual . NVDA did three different types of gaps during its last bearish leg. First, it did a Runaway , triggering a pullback to the 21 ema. The second gap is a Breakaway , as it is losing the 21 ema and the previous support at the same time. The last gap seems an Exhaustion , as it looks like it was the final push for NVDA to hit its technical support at $ 206 area. Now, if NVDA confirms any bullish chart/candlestick pattern reversal, we could fill all the three gaps in the mid-term . The next challenge is to defeat the 21 ema. In the daily chart, there couldn’t be a better support level. We barely retested the 61.8% Fibonacci’s Retracement , and now it seems we are trying to defeat the 50% retracement, which is the same point where NVDA did a top on July ( coincidence or not ). If NVDA truly reacts around this meaningful support level in the daily chart, defeats the 21 ema in the 1h chart, and confirms a reversal, it’ll trigger the Gap Reversal Ritual for good, and the chances that it’ll fill all the gaps will be quite high. In fact, I’ve never seen this pattern failing. This happened many times in the past with TSLA, AAPL, GOOG and many others. For now, let’s just wait for more confirmation. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it ! Have a good day!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5