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Bumpandrunreversaltop

GOLD/JPY: Bearish Bump and Run Reversal TopXAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impulsive move down. If the impulsive move down is great enough, we will see XAUJPY break down below the Lead-In Trend Line and confirm it as a Bump-and-Run Reversal Top, which could take us to the measured move that happens to just about align with the 61.8% Retrace overall. The JPY overall has been setting up and getting quite Bullish against other currencies recently too, such as the AUD, GBP, CAD, and EUR. I suspect this trend of the Yen gaining value against assets will continue in Gold as the USD continues to rise and the JPY maintains its USD value relative to other currencies and assets.
OANDA:XAUJPYShort
by RizeSenpai
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
BNB Hidden Bearish Divergence as it Breaks TrendWe have a Bearish Bump and Run Reversal Top that is Breaking Down on BNB as we show Hidden Bearish Divergence on the Weekly Timeframe . It should first come down to the 100% Retrace at $6.475 but if that doesn't hold don't be surprised to see it come down to the 1.618 Extension at $0.361 :This is an the same setup as the original chart just altered to fit a more stable exchange other than FTX since every asset on that exchange seems to be making strange moves that don't represent the actual market value of the coins elsewhere.
Short
by RizeSenpai
4
EURUSD Sell after trendline breakBearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone. Confluences: trend line break with retest on a lower time frame, bearish pin bar at the reversal point on both the daily and 4 hour charts.
Short
by MartialChartsFX
1
Bitcoin approaches $25,000, how can we identify a potential top?First of all - let me clearly state that this is solely a EDUCATIONAL IDEA & not a short recommendation - Shorting parabolic bull markets is not recommended especially for beginners and this idea is solely to give you a understanding of what A POTENTIAL blow off top can look like. If you want to show your appreciation for the insight - then i would greatly appreciate if you give the idea a like & comment thank you! Today marks a historic day in the Cryptocurrency Markets, with Bitcoin entering a new price discovery phase breaking its $20,000 all time high. So if you have been holding your Bitcoin since the last crazy bull run congratulations! But where should you consider selling? How can you have a idea when the market is going to turn against you and head downwards? In my personal style of trading i often use chart patterns to find potential areas the market can reverse or change momentum. One of the patterns I use often is referred to as the BARR TOP. The Bump And Run Reversal Top (BARR Top) is not a well known pattern and can be hard to identify. Price has a strong uptrend off in two phases - the bump & the run, first a small increase then recovery occurs, then price increases with massive volume at a very sharp angle. Price then makes a sharp peak and comes down breaking the support line (A); the angle of this support line is usually around a 35-50 degrees. It often throws back and bearish retests off that previous support (this is the entry point, B), its common for this rejection to be at the 0.618 Fibonacci level. Back in 2017, Bitcoin ran to $20,000 then put in a Blowoff Top, but one thing not known by many also is that the 2017 Bitcoin run ended in a BARR TOP pattern! Lets have a look at Bitcoin in 2017 and how we could of traded this Bump & Run Top Pattern: As you can see the BARR TOP was a excellent sign that the Bull Run was over and Bitcoin did eventually make it to the target area. So let me give you some insight about what exactly this pattern is, how we can identify it, and what key areas the pattern can give us: IDENTIFYING THE BUMP & RUN TOP • Look for extreme upwards movement followed by sharp retrace (”run”) • Usually at a steep angle with huge volume • Almost exact in appearance of the left image • The “bump” (first phase) is usually rounded in appearance or "choppy" Log scale is to be used when identifying the pattern. The possible price targets are the important Demand Areas at the start of the pattern, if you dont know what a Demand Area is, then click on the below image for a explainer: KEY POINTS • Good success rate • Strong breakouts • Pattern not considered valid until breakout and confirmation occurs • Not as common as its mirror - the BARR Bottom (Bump & Run Bottom) • Look for 0.618 rejection to increase success So the idea is to wait for the BARR Top to be formed, if you are already in a short position then you can watch how price reacts to the diagonal trendline (A), marked on the chart at (C), we can see that once the price has multiple confirmations then the possibility of the Bump & Run Top actually failing comes into the picture. Whereas if the price breaks underneath (A) and then confirms the downtrend at (B), it can signify the potential of a strong downtrend continuation. If the downtrend breakout occurs, we can draw a measurement area from the two Swing Low (LH) points at the beginning of the BARR TOP or we can use Supply & Demand Areas to identify potential take profit or support areas. Click on the below image to understand how i use Order Zones to find these important areas: Below i have linked 3 more ideas on BARR TOPS & BARR BOTTOMS for further education, thank you!
Editors' picks
by Worth_The_Ri5k
70
Is BITCOIN making a bearish bump and run reversal?Looks like BITCOIN ( COINBASE:BTCUSD ) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self. The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time. Look at the (Opaque Red Box) for price range. What is your opinion? Leave your comment and a Like. Good luck
BITSTAMP:BTCUSD
by TWIMARKETCAP
7