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Trendreversal

VIX - TREND REVERSAL IN PROGRESS !M1 : In an ongoing bearish downtrend channel. Watch clouds resistance (31.20) & 23.6 % Fib ret(31.90) as pivot levels on this long term time frame W1 : Below the clouds and currently attempting to recover above the Mid Bollinger Band with TS, slightly above it A weekly closing level above those 2 levels, above mentioned, would be a first warning confirmation of the trend reversal in progress. D1 : Failure a couple days ago to confirm the clouds upside breakout triggered a selling pressure which pushed down the VIX towards, both the bottom zone of the clouds support and the Mid Bollinger Band which for the time being rejected the breakout attempt. Watch the clouds as a good leading indicator. H4 : Above the clouds which rejected twice a downside breakout attempt (potential double bottom, trigger level @ 21.60. Target : 24.50, which would be above the cluster of MBB and KS and which would open the door for higher level towards the former high @ 28.90 (intermediate targets @ 25.00 (61.8% fib ret ahead of 26.70) H1 : Entering within the clouds resistance area. Currently in a sideways channel . Watch breakout on one or on the other side. M30 : Above the clouds M15 : In a uptrend price action, above the clouds M5 : Former clouds breakout, triggered a natural pullback towards the clouds which hold and triggered an ongoing upside move CONCLUSION : A SUSTAINABLE RECOVERY ABOVE THE 25.00 AREA ON A DAILY BASIS WOULD BE SEEN AS A VERY POSITIVE SIGNAL FOR FURTHER UPSIDE AND ON THE DOWNSIDE A FAILURE TO STAY AND HOLD SUSTAINABLY ABOVE THE MID BOLLINGER BAND (@ 19.20) WOULD BE SEEN AS A NEGATIVE SIGNAL CALLING FOR LOWER LEVELS
TVC:VIX
by Ironman8848
BTC - MULTI TIME FRAMES - AT A GLANCEM1 : Ongoing trend reversal in progress W1 : Currently, below the Mid Bollinger Band D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis) H4 : Potential double bottom in progress ! Trigger @ 45'850 H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area M30 : Attempting to breakout the clouds resistance M15 : Above the clouds. In a slightly uptrend channel and above cluster M5 : In a sideways channel , watch the cluster ahead of clouds zone (45000-44000), as support levels. CONCLUSION : ON A DAILY BASIS, A CLOSING LEVEL ABOVE 45'000 WOULD NEUTRALISE TEMPORARY THE ONGOING DOWNSIDE RISK STILL IN PLACE,CALLING FOR LOWER LEVELS TOWARDS A RETEST OF FORMER LOW @ 42'100 AHEAD OF 34'372 AS A FURTHER TARGET. Have a nice trading day All the best Take care And, please, if you find my work valuable for you, do not forget to like it and add me in your following list for those who did not do yet :-) Thanks. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
6
VIX - D1 - SOMETHING IS COOKING...AGAIN...M1 : Still in a broad bear trend channel, below the clouds W1 : Same than M1, but some potential recovery signal in progress D1 : In an uptrend channel, still below the clouds, yesterday's price action triggered a long white candle (which is usually a bullish signal) but needs to be confirmed of course. Looking ahead in case of a trend continuation on the upside, next significant resistance level is @ 22.50 ahead of 24.30. A sustainable move above 24.30 would be seen as a very bullish signal as at the same time that would confirm also a breakout of the clouds in this time frame. Wait for D1 closing level. H4 : Former downtrend line resistance broken, above the clouds. H1 : Inside of the clouds, attempting to exit the clouds on the upside M30 : Top of the clouds broken M15 : Same picture than M30 M5 : Above the clouds CONCLUSION : TREND REVERSAL IN PROGRESS, WATCH CAREFULLY PRICE ACTION IN STARTING FROM M5 TOWARDS D1, W1 AND M1 Good luck Have a nice trading day All the best Take care And last but not least if you find my work valuable for your trading strategy, please do not forget to like it and add Ironman8848 for those who did not do yet :-) Thanks a lot in advance Best Ironman8848
TVC:VIX
by Ironman8848
ETH - AT A GLANCE - TRADING IN THE ZONE...M1 : ATH so far @ 4208... W1 : Weekly pivot level @ 3436 D1 : Yesterday's price action triggered a doji pattern = uncertainty & indecision First significant support @ 3674 ahead of more important @ 3344 H4 : Mid Bollinger in progress to be broken (wait for next H4 closing for validation or invalidation !) H1: Ongoing bearish trend still inside the clouds which has already briefly been broken a couple of hours ago. Looks like a retest of the former low @ 3650 should be seen soon. M30 : Pullback failure to recover above the clouds triggered another selling wave pressure which pushed ETH below the clouds again M15 : Same than M30, watch now the clouds as first resistance area in this time frame M5 : Same than M15, watch the clouds CONCLUSION : SWITCH FROM A BULLISH TREND TO A BEARISH ONE ! I warned you May 9th, to ; "Not to be too greedy" :-) Watch carefully ongoing price action to detect early signal of potential bullish divergences and do not forget watch the clouds and MBB as leading indicators... All the best and take care Have a nice trading day
by Ironman8848
2
BTC - AT A GLANCE - TRADING IN THE ZONE...M1 : Trend reversal in progress. Pivot level in this time frame @ 52'021 W1 : Roughly in the middle of an ongoing uptrend channel. Watch MBB as first significant support level D1 : Failure to recover above the clouds and above the psychological level of 60'000 (59603 high !) has been confirmed by two black candles which are followed today by another black candle in progress.Watch bottom of the clouds as a pivot point. Wait for D1 closing. H4 : Last closing period inside the clouds but ongoing period is showing a potential breakout of this important support. First support is @ 53500 (Former low) then 53303 ahead of 51816; below psychological support level @ 50'000 ahead of 49'700 (78.6% Fib ret) H1 : Below the clouds and below MBB (low so far being 53'500) likely to be tested soon) M30 : Same than H1, watch MBB which is now the first resistance level to break in order to neutralise the ongoing bearish pressure M15 : Watch the clouds resistance around the 56'000 area. M5 : Same than M15 first significant resistance to break is the clouds resistance zone 55600-56000 CONCLUSION : A sustainable recovery above 56'000 would temporary neutralise the ongoing selling pressure, calling for lower levels
BITSTAMP:BTCUSD
by Ironman8848
1
Breakout and reversal on GBPNZDIn April we saw a clear downtrend on GBPNZD. The pair couldn't make another lower low and it broke out. This gives us a trend reversal opportunities. Today is a very important day for the GBP due to BOE interest rate decision as well as the elections in Scotland. That means we will see big moves! If you don't want to take on any risk, then wait for a higher high! But if you're looking for a greater risk to reward ratio, then make sure to check out this opportunity.
Long
by ForexTrendline
AUDUSD Ready to Complete a Major Head and Shoulders Pattern The AUDUSD pair looks poised to complete a major Head and Shoulders, which is a type of pattern that is typically taken to signify probable bearish reversals in the wake of the May meeting of RBA's Governing Board. The AUDUSD has been developing the aforementioned Head and Shoulders pattern for quite some time now, and the pair is now seemingly finally ready with the establishment of the Right Shoulder. This signifies a likely breakdown below the neckline of the pattern. Interestingly enough, the latter coincides with the 38.2 per cent Fibonacci retracement level at 0.76201, a breakdown below which would make it even more decisive. Accordingly, the temporary consolidation of the price action below the 23.6 per cent Fibonacci at 0.77690, which roughly outlines the upper boundary of the Right Shoulder, represents a strong indication that the direction of the price is indeed ready to reverse. First, the price would have to penetrate below the 50-day MA (in green) and the 100-day MA (in blue) before it gets ready to test the 38.2 per cent Fibonacci. Afterwards, the new downtrend would be ready to attempt diving towards the next psychological target - the 61.8 per cent Fibonacci at 0.73794. The market has been range-trading since the 26th of February, as illustrated by the ADX indicator, which confirms that the preceding uptrend is now completed. Given the rising selling pressure depicted on the Stochastic RSI, a breakdown below the H&S now seems even more likely.
Short
by Trendsharks
2
Apple, Trend reversal confirmed. Its time to SAVE PROFITS !Trend reversal eventually happened. A trade below 131.30 which was the last low confirmed the trend reversal in Apple. I warned in my publication on 9 Apr titled " Apple to resume bearish trend" that apple will face problems with 0.618 and 0.786 Fibo Retracemnet resistances and now it came true. Although that wave count may need some updates , Apple's last high(137.07) at least remains for several days. Also note the nice divergence at the top between price and stochastic indicator which is a strong warning for a strong decline. My recommendation: If you still doubt about apple's trend reversal , use Multi Unit Trade Strategy and save some profits. you will not regret. Good luck !
NASDAQ:AAPLShort
by SaeedSajedi
49
BTC - H1 - BEARISH DIVERGENCE ON RSI !H1 : Last long white candle triggered a RSI BEARISH DIVERGENCE on a "overbought" zone ! Watch upcoming price action very carefully and first support to look at is the ongoing short term uptrend support line , currently @ 57'500, which also coincides with the Tenkan-Sen ! A failure to hold above this area would open for the following targets : S1 : 57'092 S2 : 56'500 (VERY IMPORTANT) S3 : 55'464 S4 : 54'735 and the clouds support area. On the upside, a recovery above the former high @ 58'549 would put the focus on the psychological level of 60'000 ahead of 61'066 (78.6% Fib ret) M15 : On this very short term picture, the situation is pretty clear, a failure to hold above the CLUSTER (Tenkan-Sen, Mid Bollinger Band and Kijun-Sen) would confirm a top in place calling for lower levels. Please note that the short term uptrend support line coincides with the top of the clouds support in this time frame. Clouds a day, clouds always :-) Have a nice trading day All the best and take care Kind regards Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
US GOV BONDS 10 YR YIELD - M1/W1/D1 - POINTING TO THE SOUTHM1 : After having nearly reached the 50% Fibonacci retracement of the 3.25% to 0.3620 % move, high being 1.7740 % !, the ongoing current monthly price action is showing a potential trend reversal in progress, which could trigger, tomorrow, on a monthly closing level, a "DARK CLOUD COVER" (Wait for confirmation) W1 : Double top price action in progress with its trigger level @ 1.5890 which has already be broken several times so far but not confirmed yet ! A breakout confirmation of that level (1.5890 %), on a weekly closing level, would give a technical target of 1.4040 %. Important to note that the level of D1 Mid Bollinger Band i@ 1.3490 % and a move below that level would be the second validation signal of this double top formation. VERY STRONG SUPPORT ZONE BELOW BEING THE CLOUDS AREA !!! D1 : Despite the yesterday's breakout attempt, the ongoing downtrend (in yield) price action is still, for the time being, intact, calling if 1.5890 is broken,for the target above mentioned of 1.4040 %. ALSO VERY IMPORTANT TO NOTE THAT THE LEVEL OF THE DOUBLE TOP TARGET AT 1.4040 % COINCIDES WITH THE D1 BOTTOM CLOUDS SUPPORT LEVEL !!! On the upside, the ongoing downtrend resistance line should be seen as the first important level to break and this on a D1 closing basis ! In case of a confirmation of this breakout, we may see a retest of former high 1.70-1.77 which should, if seen provide, again, good selling (yield) opportunities. Watch intraday shorter time frames, (H4,H1 and M15) to get intermediate signal (s), such as divergence (s) which would allow you to adapt your trading plan in acting accordingly. Have a nice trading day. All the best, take care. And last but not least, if you find my technical analysis valuable for your trading, please do not forget to like it and if not done yet add me on your following list. Ironman8848 :-)
TVC:US10Y
by Ironman8848
1
BTC - H1/M15 - TRADING IN THE ZONE - WATCH THE CLOUDS !H1 : Closing price of the last H1 candle was below the Mid Bollinger Band and outside of the Former ongoing uptrend channel. Watch pullback which will validate if it failed to reenter in the former uptrend channel or invalidate in case of a return in this uptrend channel. A confirmation of this breakout (expected) would put the focus on the 54’567 level and then Towards the clouds support level, ranging from between the 23.6 % and the 50% Fib ret, respectively 53’730 and 51’400) A successful pullback will support the former ongoing bullish price action within the former uptrend channel opening the door for higher levels. M15 : Currently clouds support zone breakout in progress !!! A failure to stay and hold above the clouds would open the door for targets mentioned in H1 Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
USDJPY breakoutPrice broke out of the H1 downtrend on USDJPY! Last week we saw market reaching the 107,45 and it then quickly rose back up. This week the upside move continues and now we have a higher low and a higher high. This kind of price action alongside the downtrend breakout gives us a signal that we should see an upside continuation. We could expect price reaching next levels of resistance at: 108,72 109,39 Price is also at a Daily support which is an extra confirmation!
Long
by ForexTrendline
2
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation. Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring. Still very new into Wyckoff, so take all this with a grain of salt.
OLong
by Veuvee