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Bumpandrun

Gold Analysis==>>Falling(Signs)Today's data release included the Core PCE Price Index , Employment Cost Index (ECI) , and Unemployment Claims . Core PCE, the Fed's key measure of inflation, saw slower-than-expected growth, suggesting some cooling in consumer prices. This could lead to a potential moderation in the Fed's rate policy if inflationary pressures continue to ease. The ECI also grew slower than forecasts, indicating wage growth remains somewhat controlled, which also alleviates inflationary concerns. Meanwhile, the higher-than-expected unemployment claims hint at challenges in the labor market. According to the recent economic data and the possible reduction of inflationary pressures, the desire to reduce the interest rate has increased, and this has caused the price of gold to decrease . Gold ( OANDA:XAUUSD )is attractive as a safe-haven asset in times of high inflation, and deflation has reduced its demand. Regarding Technical Analysis , Gold started to fall, as I expected in the previous post. According to the Elliott wave theory , Gold has completed main wave 5 , and we should wait for Corrective Waves . One sign of a further decrease in Gold can be the formation of a Bump and Run Reversal Top Pattern , which is currently in the Run phase . I expect Gold to continue its downward trend due to the high momentum of the decline experienced in the previous hours. Drop targets can be the Support zone($2,720-$2,708) in the first step and then the Lower line of the Ascending Channel . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
AVAX Confined to an Elongated Channel: Range-Bound indefinately AVAX appears to be trading within a very elongated channel, which could represent either an impulse wave (up to Wave 4 in this case) or, more likely, a WXZ or WXYXZ corrective structure. The absence of a strong upward lunge or decisive break above the upper green trendline supports the idea that AVAX is stuck in this corrective phase. Until a clear breakout occurs, the price seems confined to the boundaries of this channel. For those looking for opportunities within this range, you could consider trading the key levels—but be cautious of the lack of a decisive trend change. It’s important to keep in mind that without a strong move outside of the channel, any significant upward momentum may take some time to materialize.
by cryptechcapital
EURUSD Analysis==>>Reversal PatternsEURUSD is moving in the Resistance zone($1.0920-$1.0870) and near the Resistance lines . If we want to analyze the EURUSD chart from the point of view of Classical Technical Analysis , two Reversal Patterns are clearly visible: Head and Shoulders Pattern & Bump-and-Run Top Pattern . --------------------------------------------------------------------- Educational tip :👇 The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche. In this scenario, only professional traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow! This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases: 1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain. 2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak. 3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way. --------------------------------------------------------------------- According to Elliott's wave theory , EURUSD seems to have successfully completed five impulse waves . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . After breaking the support trend line and Neckline , I expect EURUSD to fall at least to the Support zone($1.0820-$1.0776) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
Enjoy risk taking? Is 122x your money worth the risk?This is AMEX:AE Aeternity Project And on the last few weeks it has broken the wedge! A MULTI YEAR WEDGE! Making his 2nd try on the support of what is also a INVERTED BUMP & RUN! This coin looks like is getting behind others, as it still trying to reach the low Beam Band (fine purple line) If this coin enters the Beam Band and reaches to its ceiling, it will be 24x your money as you can see on the left this region has a big resistence of months If AMEX:AE goes there, another leg up will take us to unbelievable 122x your money! Have the balls?
by CCCLopes
$OUST possible bump and run reversal bottomIt's not perfect but it may be close. Let's see how it plays out now. I still expect some corrections/check backs if it heads higher, but so far it is playing out nicely. Disregard the solid diagonal white trend line, not sure what I was trying with that one. Maybe it will be a point of resistance, maybe not. Relevant fibs of support and resistance also shown. Two trendlines for the bump and run are drawn (dashed lines) - I'm not quite sure which one is more accurate to be honest. Had a decent amount of insider buying (IIRC) as well as being driven into the dirt with a low float of ~30M shares... Still seems undervalued, but what do I know. Final Notes: It would be nice to hold $7; if not that, then 6.36 or 5.92. Seems pretty volatile and a potentially good candidate for active trading if you manage risk appropriately. RSI is turning around on 1hr and lower TF, and it looks like a possible bearish harmonic (crab?) may be on the 15 min. Looking for possible re-entries around $5-6 if it can retain its upward momentum. References: thepatternsite.com Bulkowski's Encyclopedia of Chart Patterns, Chapter 14.
NYSE:OUSTLong
by tubes_123
1
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
BNBUSDT Inexorable drop about to happenInexorable drop event expect while a Bump & Run formation is popping. The correlation on price action and time, as the precedent drop correspondent w/ the Chaikin Money Flow divergence, is so much reliable to me. Price on 1h chart just formed a hidden bearish divergence on CMF in conjunction w/ Awesome bear divergence. Fisher transform is beautifully suggesting direction Whales like to sell retailers confidence. Retest to the neckline accomplished.
Short
by firmestudio
1
REASONS to be BULLISH on EthereumHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Here are a couple of reasons on why I believe more upwards price action is likely for ETH in the near term: From a trend line analysis, we observe the Bump and Run method which is a trend line based analysis trying to determine when a potential reversal may occur. The Bump and Run method is not a well know method amongst younger traders, but it usually signifies that significant reversals are about to occur. From a technical indicator analysis, we pull up the moving averages. As observed, the bear market was confirmed when ETHUSDT lost the 100d MA and since then, we can use a time analysis to determine which macro cycle is likely next. Considering that ETH is currently trading right on top of the 100d MA, it has been over 400 days since we recaptured the moving averages successfully. This makes it more likely to believe that upside potential is due soon, as opposed to the alternative. In another recent update on ETHUSDT, I discovered a fractal that points to similar price patterns that played out a few years ago: The above considered, I can't help but to be bullish on Ethereum ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
41
Banks gonna run? Why?Lets start with the establish trend, we have a lower high showing opportunity to continue to open up 2023. If you look closely you will see that we have a bullish hidden divergence. But does it have enough strength to blast through the Bullish line. If it does I can see it starting to fill those imbalance candles and attempt to make a higher high above 38.60. If the selling pressure pushes, I can see it hold my 31.48 bearish level. This slight reangle of the uptrend will make things interesting if the trend rides the line for over 10 days then break. 2023 opening could be a path to cheaper puts for the rest of the year. We will see.
NYSE:BACLong
by JDTheGreat
Predict BTC like a PRO- Bump&Run MethodHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Welcome to Charting101, the Bump and Run Method . In today's analysis, I present a 7min MASTERCLASS for speculating enthusiasts. There is an important trendline to watch at the moment - within the next week, watching this trendline will determine whether or not we're ready for a reversal, or if the price will continue to go down for weeks more to come. Watch this quick video and become a better speculator afterwards. Why watch it? Remember the Dunning Kruger Effect : _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
by CryptoCheck-
24
NASDAQ NQ1 - Brace Yourselves, "Fear" is ComingWhen people consider the COVID-era market cycle, especially the part where everything went up on a 75 degree angle without any particular pullback for a year and a half, they seem to have been groomed during that long process to consider that normal, and that it's going to happen again. Well, the truth is that it probably is going to happen again. One really critical characteristic of the 30% retrace we've experienced this year is VIX really could not get beyond 35. The demolition was very controlled, and there was little to no fear. But now that we've had a two month-long bear market rally/bull trap, it's time for fear to take hold, because you need to capitulate, lose money, and get short so that you can buy back higher in October. In the conventional bubble cycle, such as in WTI Crude 2008 or like, every Bitcoin/crypto pump and dump, markets have followed the conventional bubble pattern: However, what I believe we have ahead for us is actually a Bump and Run Reversal (BARR) , which will be characterized by a significant, quick, and violent dump below the previous lows. Then, we go and make a new all time high again and everyone is drawn into the Party like they've got nothing better to do than lose money chasing $200 AAPL. Actually, this is more or less the idea of what we've already seen manifest in action with Bitcoin (BTC). Hint: BTC is not going to bounce. Ethereum is going to Flippening instead. And then: Central Bank Digital Currencies. So what lies ahead over the next few weeks is some monstrous sell offs. With it will come all the chatter about the recession this and interest rates that and inflation and housing crisis and credit crisis oh my! There's no FOMC this month but I hear that Jackson Hole is August 25 to 27. You can probably expect an intermezzo rate hike that may be a lot heavier than 75 basis points. Then, probably at the Sept. 20 FOMC, after everything has dumped in an astounding way, the Fed will slash rates back to zero, because "reasons," and then we're off to the races placating society for October midterm political theatre and the setup for January of 2023. So what should you do? Reduce risk and also don't capitulate. Stop listening to Zerohedge, Bloomberg, and Fintwit. They're all just Fabians leading you to the slaughterhouse. Buy when there's blood in the streets, a little bit at a time. Don't short the bottom.
CME_MINI:NQ1!
by LordWrymouth
1
Mid Range - potential HL can form on D. Taping Range high targetOverall i think the trend is not fading, I like btc to hit the trend line support and want to see the reaction at retest. While S&P and $NQ looks bullish. They are currently under consolidation. Im targetting 13900 for $NQ and 2330 for S&P in that case we will see a quick bounce in btc and crypto market. and I believe this is going to be a ideal moment to short btc and eth to the new lows. we will see as we approach near Range Highs. Entry 1 = 23650 Entry 2 = 22850 Sl = 4 hr close below 22200 Target 1 = 27600 Target 2 = 28500
Long
by Zohaib_Malik
Bump-and-Run Reversal Bottom?The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999 Bump-and-Run Reversal Bottom: Important Bull Market Results Overall performance rank: 1 (best) out of 39 Break even failure rate: 9% Average rise: 55% Throwback rate: 61% Percentage meeting price target (pattern's top): 76% Shape: A frying pan, tilted down, with the handle on the left. Trendline: During the beginning of the pattern, price often follows a down-sloping trendline that ranges from 0 to 45 degrees (rarely more). Lead-in phase: The handle portion of the frying pan is called the lead-in phase as it leads in to the bump phase. The chart to the lower right shows the location. Lead-in height: Measures from the trendline drawn across the highs to the handle low. Select the widest distance between the trendline and the low, measured vertically, in the first quarter of the chart pattern. The chart to the right shows an example. The height is between the two blue dots. Lead-in duration: At least a month (average is 35 days), but this varies widely. Bump phase: This is the frying pan. The down-sloping trendline deepens to 60 degrees or more. Price drops rapidly then levels out and turns around, forming a rounded turn. Price may pause at the 0 to 45-degree trendline (see Trendline above) before moving higher. The chart to the right shows the location of the bump phase. Bump height: Measured from the trendline to the lowest low, vertically, and it should be at least twice the lead-in height (but allow variation). The chart to the right shows the measure between the two blue dots. Uphill run: After the bump phase, price begins an uphill run. I show the run phase on the chart to the right. Volume: High during the start of the pattern, the bump start, and upward breakout. Confirmation: The pattern confirms when price closes above the down-sloping trendline. Do NOT accept any patterns which does not show a close above the blue trendline (after pattern's end).
BITSTAMP:BTCUSDLong
by Crypt0_Ninja
1