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Trendreversal

MOVING AVERAGE TRADING | ADVANCED LESSONHello traders 👋 Today im sharing my trading strategy with moving average. What Is an Exponential Moving Average (EMA)? An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend. How to trade And Use moving average. 🧑‍🏫 When most traders use it moving average crossing. I don't think it's a good strategy. For me, when using it, looks at a trading setup. 1. Looking daily timeframe 👀 This is because you want to find the price action for a longer period and not just some light movement. 2. Draw ✏️ To draw a trend line ( if you don't know how to draw trendline watch my last lesson) 3. Add 50 EMA 📉 4. The Basics of Support and Resistance + key levels ✔️ the concept is applied in order to maximise the chances of winning trades. 5. Looking for entry + risk management 💰 Always wait for confirm example; trend line break + price making lower low + pullback + add indicators. In this lesson, we expect EURJPY to fall below 134.50. Let's see what happens in the future. 🤲 If you are enjoying the lesson, please hit the like show your support. 🤲
Education
by YertuntsTrader
2
SPX Approaches Major Resistance at 4090-4177 after FOMCSPX Approaches Major Resistance at 4090 - 4177 Fast approaching a major resistance zone where plentiful supply resides, SPX has rallied hard since the presser after the FOMC meeting on Wednesday, July 27, 2022. SPX rallied about 2.62% that day, with the Nasdaq 100 rallying nearly 4.5%. Conflicting interpretations of unscripted remarks at the FOMC presser have led many to interpret the Fed Chair's comments as more dovish than expected, which has been widely attributed as the reason for the bullish turn in major indices. Key Resistance Levels Just Overhead The blue rectangle on the published chart above shows where price had consolidated for about eight days from May 27 to June 8 of this year. This level also aligns with major swing highs and lows including the swing lows on February 24, March 8, March 14, and May 2, and the swing high on May 17. So one may reasonable expect that price could be rejected at such levels, even if temporarily, and pullback from such levels to consolidate the recent gains. Important Fibonacci targets also are approaching. These include the following Fibonacci-derived resistance levels: 4227: the .50 retracement of the entire decline from the all-time high on January 4, 2022, to the low on June 17, 2022 4221: the 1.618 projection of the first wave off the lows starting June 17 4137: the .50 retracement of the March 29 to June 17 decline 4114: the 1.272 projection of the first wave off the June 17 low as projected from the low on July 14 Key Fibonacci Resistance Levels on SPX daily chart as of July 28, 2022 Momentum Nears the March 29, 2022 Level Yesterday, July 28, 2022, RSI reached 62.61 on the daily chart. It will likely reach the 64-66 range on the same time frame on July 29, 2022. This is very near March 29, 2022 peaks where RSI topped at 65.27 after turning all the key moving averages on the daily time frame upward again. The March 2022 bear rally even turned the weekly 21 EMA to upward sloping as well for a 2-3 weeks. RSI hit 65.27 on March 29, 2022 after a powerful 11.56% rally off the March 8, 2022 low. The chart below highlights RSI resistance based on the March 29, 2022 peaks. RSI on SPX daily chart as of July 28, 2022 Near-Term Trends Have Shifted Upward While SPX is approaching major resistance, short-term and intermediate term trends have turned upward. On the daily chart, the 8, 21 and 34 EMAs are now sloping upwards with price well above them all, the 8 EMA has crossed above the 21 EMA, and the 21 EMA appears likely to cross the 34 EMA within a day. The chart below shows these three key moving averages. 8 EMA, 21 EMA and 34 EMA on SPX daily chart as of July 28, 2022 On the weekly chart, the weekly trend remains neutral to bearish still, with price just below the 21-week and 34-week EMAs, which have been flattening out given the recent rally and are no longer previously downward sloping. Bear Rallies and Major Trend Reversals May Appear Similar Powerful bear rallies and major trend reversals off of long-term lows can appear quite similar. The current rally from June 16, 2022, to July 29, 2022, has gained over 12%, and likely may reach a 13% gain tomorrow. This has exceeded almost everyone's expectations and once again caused many experts to pronounce that the bottom has been made in equity markets this year and that lasting bull markets lie ahead. While a bull market may come, it remains unclear whether a powerful bear rally definitely signals the start of another extended bull, especially with inflation remaining persistently high, negative GDP prints, and Federal Reserve rate hikes continuing even if at a slower pace. Even if it were to retrace over half the decline since January 2022's all-time high, such a rally would remain typical of bear markets and insufficient to draw any serious conclusions. The 2-year bear market of 2000-2002 saw bear rallies in the Nasdaq 100 that reached 32-60% on four separate occasions. For the time being, it remains prudent to follow price, which is showing that near-term trends have shifted. But at this extended level, going long does not make sense give the key resistance levels just overhead. Note: This post is not intended to present a trade idea but rather to present technical analysis of the current price action in this security. DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. SP:SPX OANDA:SPX500USD VANTAGE:SP500 AMEX:SPY CME_MINI:ES1!
SP:SPX
by SquishTrade
9
ES MINI TRADE IDEAEcco cosa mi aspetto nei prossimi giorni sull' S&P500, il prezzo si trova attualmente sul livello 0.618 di Fibonacci, ci sono tuttavia ancora due resistenze importanti che sono i due livelli immediatamente successivi. Il target è il POC del volume profile posizionato sull' ultimo swing, in quanto il prezzo tende a ritornare verso il suo livello di equilibrio (quello con i maggiori volumi di scambio). Nel breve termine per ora resto long, ma attenzione allo scenario macro e alla price action settimanale che si trova ancora in downtrend.
CME_MINI:ES1!Long
by lorenzo-96
Price action analysis - ASIANPAINTNSE:ASIANPAINT had a good run up until recently and now it seems to have been topped out. In Weekly chart, rising wedge structure is formed and volume has declined with it. It suggests that buyers are losing the grip and sudden fall to 2625 with heavy volume confirms the reversal. Buyers stepped in from 2625 level and took the price higher but subsequent price action suggests that they have been exhausted and seem to be losing control. If price couldn't hold above 3100 level then it's going back to 2645. If it can't hold that one then it will go further down to 2275. Let's see what happens.
NSE:ASIANPAINTShort
by PriceActionTrader1
Bitcoin 4 Year SMA. Best tool we have to call the bottom for BTCNotice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci). History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price action bounces off one of these logarithmic fib levels. That should be a very good sign that things are turning around. But you also gotta remember that anything is possible. With $BTC at the KEY LEVEL, fighting to stay above the green 23.61% Fib... The FOM C meeting could send us the right to the bottom of the channel. Coming down to that orange bottom fib would be around $18,000 - $20,000 depending on how long it takes to get down to that level. We also have the 4-year SMA (1460 Day SMA) being hit again for the 4th time since 2015 & each time we came down to the MA the bottom was in and we flipped bullish. One last thing... My 4 Year, 200 Week, 1460 Day M.A (whatever M.A you like better) is a heatmap, and if we take a look we can see that we have now stopped printing the teal/light blue & we now are starting to see some dark blue beginning to appear. This is just another signal to add more confluence towards the idea that we might have bottomed out & we could see a reversal in the not-so-distant future!
BITSTAMP:BTCUSDLong
by PlanDeFi
(BTC-USD) Possible Trend Reversal - (June 22)RSI & EMA If older chart patterns serve as an indicator to predict future movements, we can observe that the price approaches a zone that in previous movements served as an indicator for trend reversal. We're very close to a reversal move, however, we can still see more selling pressure. Since the rsi touches the bear upper zone until it reaches the bear lower zone, the price always drops a little more than 45% and this brings the price of bitcoin close to 24k. The lower line of the bear lower zone, which has guided us so far to the end of the bearmarket, is currently around $25,500. Some external factors can influence the price, do not take my analysis for granted.
BITSTAMP:BTCUSDLong
by TigasTheLink420
Why Is BTC about to begin a bullish rallyBTC is about to begin a bullish rally and here's why: Looking at the graph, we can see a candle with an extremely big wick pointing upwards has formed (A.K.A. Inverted Hammer). There are also other reasons why it's about to happen. They include: - Price hitting the 200 EMA and not crossing - Price hitting the 61.8% fib line - The downtrend is losing its momentum (hence the decreasing candles) - The timeframe is 1 week There is still a chance, however, that the price will keep dropping. But because we are talking about multiple types of traders, we can safely say BTC is about to begin a rally. NOTE: this is not investing advice. If you would like to go against my advice, feel free to. There is nobody stopping you.
BITSTAMP:BTCUSDLong
by lorinstocksinvesting
3
Next weekly close confirms BTC up or down trendsWeekly analysis Why is the weekly time frame important? We are seeing the big picture as each candle on the weekly time frame represents all the buying and selling that occurred throughout the entire week. This is the 4th time since January 21, BTC retraces under the 50% Fibonacci level (white line and yellow circles and ellipse) following a bullish trend. 3 times BTC touches the major support of 28k (red ellipses) and even dived 2 times under the support in the last one. This is a clear signal for the continuation of the bearish trend toward 21K and maybe much lower levels. The next weekly close in exactly 1day and 16h will confirm the trend. Be careful! The information and publications here are not investment recommendations. Please, do your own research!
by Casablanca05
The infamous Trend Reversal Trade The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the trade where most average home managed investors loose their money. Lets put this into practice. Imagine following: A good name stock price is over selling or maybe crashing with over balanced selling right into a demand zone. like WEED in this example on a (W) chart. The investor buys a LNG position & thinking he purchased a Good company stock for a good price, isnt that what balance & income sheet based fundamental trading teaches. Now, all one have to do is wait for the trend to reverse price goes up & big profit. expect that a big pay off does not come, hope is mislead by a bounce in price due to the demand zone. before the prevailing trend continues its down fall beyond your ENTR price, the emotions kicks in & you are in the red profit zone.wtf.. I hope you had a stop loss in place. If you are following me those far, those trades are dangerous..learn from my many mistakes..Fuc*king Hope What was my mistake? expecting a DZ to reverse the dominant trend & while this does frequently happen, and it is how market is created. but the futility is in the assumption that you can gauge the top or the bottom before the trend changes. I learned to wait for the trend to change without me then i ride the new trend. much like surfing a wave. ride the wave & trade the trend.
TSX:WEEDLong
by greatful-me
2
US30 Scalp trade IdeaUS30 has been bearish all week with no breaks. Price has been trending down and it looks like there is a possibility that it may continue to do so. Currently price has broken structure and formed a high after breaking a level of resistance on the 30m timeframe. In order for a reversal to finally occur, we need to see price form support along the structure that has been broken. If price is able todo so, we can see more bullish pressure going into the market open. Waiting for my signals to confirm the best entry.
U
by dreadhead4_life
XDC about to flip major resistanceXDC is one of the few altcoins that is showing strength while BTC is consolidating at it's weekly demand zone. Also a trend reversal has started with local higher highs en higher lows that have been formed. A higher low play could be what you are looking for, but wouldn't be my setup of choice since the major resistance level hasn't been gained yet. Also the last high in the downtrend, which is a retest of this major level after losing it, hasn't been gained. So I would like to see a clear higher high above the major resistance to flip it and the look for an entry!
Long
by Stefan-Trading
3