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Trendreversalpattern

Short into the NEW YEAR - US DXYAs you can see the US DXY is finding resistance on the upper trendline of the fractal, the Stochastic RSI approaching a bearish reversal. However, the DXY may show strength and attempt to break the fractal in the short term, so beware. Though an extended break from the fractal may cause a stronger turn to the downside in the long term. If the DXY fails to break the upper trendline, the impending wave to the downside is likely to occur. A trend reversal will take place and the price will trend to test the lower trend line of the fractal. A large wave down by the US DXY will create great strength for assets priced against the USD, such as Bitcoin, Gold, Silver and other currencies such as the AUD. Thanks.
TVC:DXYShort
by thehunchos2003
1
GBPCAD expecting some bullish sentiment on 1.70000GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe. the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500. Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created. kindly drop your suggestions in the comment box.
Long
by lilsheggwen
HCLTECH near to strong support for reversal. Best Zone for Buy.- HCLTECH near to the strong support for reversal. Best Zone for Buy & hold. - Joint Venture with Hitachi-ABB could be the reason for push upside in upcoming days from support level. - Watch our next Target support level and resistance level fro entry and exit according to your target price. - HCLTECH still continues to see large delivery positions. - Delivery Position (05-MAY-2021 EOD ) : 46.08% To motivate me, Please like the idea and follow If you agree with the analysis. Happy & Safe Trading! Vijay Singh
NSE:HCLTECHLong
by vijaysingh007
5
Time to go long ETH/BTC?The ETH/BTC pair has been consolidating in a falling wedge through the month of Feburary and is well-positioned to break out to the upside. The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur. Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a bullish MACD divergence (as shown in yellow). If ETH/BTC returns to its early Feburary high, this trade will yield a nice return with relatively low entry risk. Good luck!
by otis_bagshots
2
Bearish Gartley Pattern - The Warning SignHello, dear subscribers! Let's consider the most common bearish sign which can be founded on the market - the bearish Gartley formation. This pattern takes place when there was a huge dump like from point X to point A. After that we have the small bounce from A to B, but the decline continue from B to C. There is a massive growth almost to the the X point level (see point D) at the end of this price action. It seems that the downtrend is over and bulls dominate again. We can see two signs of the new uptrend beginning: the higher lows (point C is higher than A) and highs (point D is higher than B). Here is a big danger now. Until the price is not reached the X point level, the bearish Gartley pattern formation can play. If the Gartley pattern have approximately the same characteristics as numbers on the chart there is the high probability of price dump to the price level between points A and C. Be very careful when you analyze the trend reverse opportunity, this bearish sign can take place. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
BTC - GLOBAL PICTURE IS BEARISH !Short term picture is showing current levels below the clouds H4 clouds support zone under attack D1, MBB has been broken yesterday on a closing basis W1, a bearish engulfing pattern is on progress For the time being any recovery should be seen as a corrective move in a new bear trend BTC remains a SELL on rally ! Only a sustainable move above 1945-19700 would force to a view reassessment of the bearish scenario expected calling for lower levels ! A double top pattern is still in progress...
BITSTAMP:BTCUSDShort
by Ironman8848
4