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Potentialreversalzone

Banknifty - Cypher PRZ at Wolfewave TargetBanknifty had wolfewave and near to its target , interesting thing is wolfewave target and cypher prz are at same level. Current supply is tested thrice (including current attempt to break) Looks like it will trap bulls by giving breakout ... Upside a significant supply with left shoulder is waiting to pull price down. Previous quasimodo failed to break low hence we can say strong low has formed. and also two flag limits below (one with FTR) shows strong demand and which is hard to break . *Cypher might turn into shark so next potential reversal zone will be at 886
NSE:BANKNIFTYShort
by Indyan
Possible Reversal for USD/JPY ???Hello Folks, The Dollar-Yen pair has been rallying quite strongly since the last couple of months due to tension between Russia and Ukraine & now with the Interest rates cranked up to 75 basis points, the Dollar would gather more strength for the Bulls. But with Technical Analysis, we can see that 3 peaks or 5 waves have been completed and there can a strong possibility for at least a retracement (a-b-c formation) or even a reversal. Keep an eye on the pair and trade wisely. Make sure you risk appropriately. Cheers..!!!
Short
by TraderRaptor
NQ Power Range Report with FIB Ext - 5/9/2022 SessionCME_MINI:NQM2022 - PR High: 12636.75 - PR Low: 12560.50 - NZ Spread: 171.00 Evening Stats (As of 1:05 AM) - Gap: = -0.45% - Session Open ATR: 443.58 - Volume: 42k - Open Int: 236k - Trend Grade: Neutral - From ATH: -25.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022
by mv3trader5
XAUUSD W PATTERN COMPLETION SETUP FOR LONGXAAUSD we are waiting for it to retrace to 50% fib zone and it should complete W pattern, which should end in 2033 zone, at the 50% fib zone (1905 zone) it is more risky since it might break trough the bottom and go into a down trend, safe entry should be around 1935 after it breaks a top of retracement to a weekly trend, our stop loss should be below recent higher low which is at 1876 zone also since it's a war in Ukraine, people looking to put their money into assets such as gold to keep value of their currencies, that gives it even more potential to keep rising.
FX_IDC:XAUUSDLong
by vf_investment
1
VMW showing some super bullish signsVMW recently split off from DELL and went out on it's own, which is great news as anything AI and cloud right now is super bullish and besides it's the only one i feel that can actually compete with AMZN Cloud AWS, tbh i'm planning on doing a break down video for this play maybe try to get it out before it reports earnings so i can help show people it has some great fundamentals and coming from one of the TECH giants DELL shows nothing but upside potential in my book as you can see it is on this down trend and has had some false breaks through but being that alot of tech plays are starting to pick up steam it will be one that i will be watching for to get a nice break out to the top side.
VLong
by Stock_Hustle21
BTCUSD - D1/H4 - WHY I REMAIN BEARISH ?A lot of my followers asked me recently... why I was so bearish ? I will try to "justify" my bearish view in looking today, at the daily and at the 4 hours time frames, which, for me, both of them are quite representative of the recent and current price action which is likely to trigger further downside move towards the 60'000 at least if some important support levels were to be broken on a daily closing basis !!! DAILY Under the pressure of a RSI bearish divergence confirmed a couple days ago which is also showing a double top formation in progress, which is for the time being, of course, still quite far away of its trigger level @ 56'425 ! In addition, the global picture is also showing a rising wedge pattern in progress, with its support line, which also coincides with the important D1 cluster level (currently @ 62'700). Last daily closing level was below TS & conversion line and should be seen as the first warning signal for further downside which would be confirmed by ongoing closing level below TS or better below the pivot support level @ 62'700. Confirmation of the rising wedge downside breakout (@ 62'700) would give a technical target of 52'000 which is also currently the daily clouds bottom support level !!! 4 HOURS The double top target (@ 63'000) has already been filled in this time frame; it has been followed by a pullback attempt which has been, so far, rejected by all three major resistances !!! Currently under pressure, slightly below the H4 clouds support zone. RSI below 50 Failure to quickly recover above MBB (currently @ 64'945) should open the door for former recent bottom @ 62'300 and then 61'700 (very minor uptrend line support level) ahead of the psychological 60'000 level or even potentially lower. CONCLUSION : D1 : Levels to watch, on a daily closing basis, are the following : R1 : 64'550 S1 : 62'700 A daily close either above or below one of the level above mentioned should trigger a roughly 4'500 points. Have a great weekend and may your long goes up and your short goes down Do you like my analysis ? If yes, please do not forget : 1) to like it 2) to add Ironman8848 on your following list that will be great :-) Many thanks in advance. All the best and take care. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
4
BTCUSD - W1 - SHOOTING STAR - WARNING !Today we are going to look at different times frame from the medium to the short term (W1 - D1 - H4 - H1) W1 : Last weekly price action, triggered on a closing basis a "shooting star" which means a warning signal for a potential trend reversal Indeed, such kind of pattern should be considered as a negative point as this type of candlestick is formed when a "security" opened, advanced significantly, but then closed the period near the open level again. As mentioned, in my previous analysis (see related idea below), 2 scenarios could be seen and this week price action will tell us which one will take place... For the time being, low seen has been 59'505 D1 : The support trend line of the ongoing uptrend channel has been tested with an intraday low reached yesterday @ 59'505 Currently still above MBB @ 59'221 but below TS @ 62'965 On this D1 time frame I would suggest to look at 2 important levels, which are the following : UPSIDE : 63'000 DOWNSIDE : 59'000 A breakout of one of those 2 levels should trigger +/- a 3'000 points move, targeting respectively 66'000 (former highest D1 closing level on the upside and 56'000 on the downside (38.2% Fib ret) H4 : Clouds bottom, for the time being worked perfectly well as a support... Nevertheless, the ongoing recovery has nearly reached the 38.2% Fib ret (@ 62'365) of the last downside correction (66'994-59'505) , high seen so far 62'223 Looks like a lack of momentum ! Watch ongoing price action over the next coming hours. H1 : Clouds resistance broken... BUT !!! As mentioned on H4 analysis, the 38.2% Fib ret @ 62'365 has nearly been filled and do not forget, we are in a corrective price action move in a new bearish trend; therefore, you should watch carefully also at the price action seen over the coming hour (s) to detect early signal of a reversal. Watch the clouds which after having been a resistance area, becomes now as the new support zone (61'750-61'000) Interesting to note that the bottom of the clouds, roughly coincides with the cluster of MBB and TS !!! CONCLUSION :(ON SHORT TERM, INTRADAY BASIS) A FAILURE TO HOLD ON H1 ABOVE TS, CURRENTLY @ 61'400 SHOULD BE SEEN AS THE FIRST WARNING SIGNAL FOR FURTHER DOWNSIDE WHICH WOULD BE CONFIRMED BY A FAILURE TO HOLD AND STAY SUSTAINABLY ABOVE THE BOTTOM OF THE CLOUDS & CLUSTER (61'000-60'800) Have a nice week and all the best Ironman8848
GEMINI:BTCUSD
by Ironman8848
2
BTCUSD - W1- WATCH ONGOING CLOSING !Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is showing a "doji" (shooting star !!) is in progress and a confirmation given on a weekly closing would be the first warning signal for a potential trend reversal. IMPLICATIONS (2 scenarios) : 1) BULLISH : Small consolidation towards 58'000. then sideways price action between 58'000 and 67'000 then upside breakout for higher levels (projection towards 85'000 area) 2) BEARISH : Failure to sustainably hold above 60'000/58'000 and then downtrend (higher lows) towards firstly 56'525, 53'300 and the psychological 50'000 area, which roughly coincides with the primary weekly support trend line and which is also, by the way the current level of MBB !!! For indication, the 38.2% Fib ret of the 28'600-66'994 rally is at 52327 while the 50% is at 47'797 CONCLUSION : As usual, watch Daily picture and intraday time frames to get intermediate clues which will help you to validate or invalidate the scenarios above developped. On D1, the support on the ongoing upside channel is under attack and current level is under TS; a failure to hold above MBB, currently @ 58'720 would also be, on this time frame a first warning signal, calling for potential downside. On H4, currently inside the clouds support area, bottom zone being currently around 59'000 On H1, Currently below the clouds for a while in an ongoing downtrend price action; a move above 62'000/63'500 (above the clouds) would temporary neutralise the ongoing selling pressure. Do you like my analysis ? If yes, please, do not forget : 1) To like it 2) To add Ironman8848 on your following list (it it is not done yet :-) Have a nice Sunday and take care. All the best Ironman8848
GEMINI:BTCUSD
by Ironman8848
BTCUSD -H1_ 60'000 FILLED ... POTENTIAL REVERSAL !!!Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside, which trigger a first warning reversal signal shooting star -doji ! Therefore, price action over the coming hours will be crucial for the short term future. Indeed, a failure to clearly break and hold above 60'000 would add further selling pressure, calling for further downside towards 58'500 first (cluster support) ahead of 58'000 (MBB) and leading indicator. UPSIDE : The highest weekly closing level seen so far is 59'980 which corroborate perfectly my analysis which tell me that a weekly closing level above 60'000 would be very positive and would confirm further upside towards previous ATH over the coming week. Do you like my analysis ? Please do not forget to like it and to follow me as well. "Alone you go faster and together we go further" :-) Have a nice day and all the best Take care Ironman8848
GEMINI:BTCUSDShort
by Ironman8848
DXY will fall from Potential Reversal zone ?DXY will fall from Potential Reversal zone ? #DXY (Dollar Index): Important Decision Ahead Many dollar pairs are standing on key levels today. With a coming CPI report, the market participants are waiting for the trigger to either push the Greenback higher or to finally start shorting it. ⚠️DXY is testing a historical resistance at the moment. Bearish movement will initiate only fasle bull breakout of Potential Reversal zone. That will be a decent confirmation. target will be 92.5 firstly For bullish scenario, consider a daily candle close above the underlined daily resistance as the confirmation for a further bullish continuation.
TVC:DXYShort
by locphatfunds
PINS Potential Dip BuyPINS recently has shown the first indication of a reversal at its historical support which was by the VPCI indicator. Although I think this is a great entry, I want greater confirmation from the Squeeze indictor(a reduction in selling momentum) because without this confirmation it may potentially break below support. If PINS bounces off of support following bullish signs regarding the momentum then it allows for a great swing. Keep in mind that PINS gapped down which usually lead towards a new form of support, but it is always best to wait for confirmation. Bullish Signals -VPCI -Near historical support
NYSE:PINS
by ddcakez
Still Bullish on CAT(Update)I think it is a great time to purchase CAT. CAT has retraced to the 0.38 Fib support and has held that support for a pretty good amount of time. Due to this extended period of low volatility, we can assume that a big play is about to occur. I also observed that the squeeze indicator for the weekly is signifying that of low volatility(grey crosses) which adds onto our analysis. Not only are we resting at support but we have gotten buy indications by the Oscillator. My price target for this is a squeeze to 238. Bullish Signals -Fibonacci Support -Squeeze indicator -Oscillator Price Target -238
NYSE:CATLong
by ddcakez
NATURAL GAS Weekly Bearish Pattern Greetings Folks, NATURAL GAS has made a very strong bull run in the past few months, the current price is forming an AB=CD pattern (Bearish) on this Weekly Chart. Of Course, we have to say that the price might go higher. However, we need to take note that it is a strong opportunity to sell (PRZ) Watch out for rejection at this level to finding good risk-reward for trend reversal entries as well. All the details are on the chart. Have a nice week. Good Luck.!!
NYMEX_MINI:QG1!Short
by MANOLIS
3
Week 6: ZSH2021 Price is in the sell areaFollowing up last week analysis, the price will be visiting Supply area prior going down. My personal Sell Order will be at $1,417 (it depends on the price action in the next 2-3 H4 candles, I may short it early too). The stop loss will be at $1,438 (New Higher High) and our Take Profit will be quite low (at least $1,275). The simple sign will be at $1,417 area, if the body size of the candles are not prominently bullish; and there is a formation of Lower High (LH); I will go at whole-nine-yard to short the market. Just kidding, money management is still important, perhaps 10% to 20% equity to short this opportunity.
CBOT:ZSH2021Short
by machintose
3