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Rejection

SPY Daily 01/12/2023 - Riding the upper trendlineIt looks like we are one again in a bear rally that has made it to the upper bear trendline. In the recent past (circled) we have seen rejection, and some throw overs that pull the rug out. Im not sure if this is the same, but the daily RSI is still in a spot it can run, and the MACD has curled up.... So... It looks like it can run a couple more days before reality checks in. OR bank earnings give it a boost and we set a new foundation, strong or not, it may force a continued rally.... Just my opinion, thinking outloud.
AMEX:SPY
by Markets-Sniper
Apple has some work to doLooking at $AAPL it is going to have to prove that it can hold this support above 125. Looks like we filled the imbalance completely and loss support. Can they hold above 130? Well if not look for it to retest 125 again!?! But this time it might be enough to have it fall to new lows. The rejection of the EMA coincides with this theory. Bullish Case 128 is a key level to have higher lows show up on lower timeframes. I this the rejection is the rest of the order waiting to fill between 127 and 128. Look for the bounces here. Bearish Case 130 psychological level has proven sell orders waiting there. 128 won't hold as this is the top of a range. This is something to play back down to 125.
NASDAQ:AAPL
by JDTheGreat
ETH - Now We Wait!⏱Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. ETH has been slightly bullish trading inside the rising channel in brown. ETH is currently sitting around the middle of the channel, which is a no-trade zone to me. 🗒 So now, we wait... As ETH approaches the upper brown trendline and blue resistance, we will be looking for reversal sell setups. In parallel, as ETH approaches the lower brown trendline and green support, we will be looking for trend-following buy setups. We would be slightly bullish, unless or until we break below the lower brown trendline. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
25
XRP technical analyze | posibility for long position on XRPUSDThello guys we have a very good opportunity for XRP long position As you can see in the chart, there is 2 way for XRP movement, and its up to Bitcoin movement in the next few days, so you should wait for a break out or confirmation of rejection all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
EURNZD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURNZD is overall bullish from a long-term perspective trading inside the blue rising broadening wedge, and it is currently retesting the lower blue trendline. Moreover, the zone 1.615 - 1.630 is a strong support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue trendline. (acting as non-horizontal support) As per my trading style: As EURNZD approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
AUDNZD - Strong Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. AUDNZD is overall bearish trading inside the red channel, however, it is now approaching the lower red trendline acting as a non-horizontal support zone . Moreover, the zone 1.07 is a strong support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower red trendline. (acting as non-horizontal support) As per my trading style: Since AUDNZD is around the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and of course, as AUDNZD approaches the upper red trendlines, we will be looking for trend-following sell setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
MATIC - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. MATIC is overall bullish trading inside the red channel and now approaching the lower trendline. Moreover, the blue zone around 0.7 is a strong support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower red trendline. (acting as non-horizontal support) As per my trading style: As MATIC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
M
by TheSignalyst
8
USDJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (below) we were looking for sell setups on USDJPY around an over-bought zone. USDJPY rejected our upper brown trendline and traded lower. Now What? USDJPY is overall bullish from a medium-term perspective trading inside the orange rising broadening wedge, and it is currently around the lower orange trendline. Moreover, the green zone is a previous major high. So the highlighted lower purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower orange trendline. (acting as non-horizontal support) As per my trading style: Since USDJPY is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Meanwhile, if we break the orange trendline downward, USDJPY can still trade lower to test the lower support. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
11
AUDUSD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. AUDUSD is still overall bearish from a long-term perspective trading inside the brown channel, and it is currently retesting the upper brown trendline. Moreover, the zone 0.675 - 0.685 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: Since AUDUSD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) and of course, as it retests the blue support, I will be looking for buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
Whats next for SPY? This is a trendline I am watching going into the weekend on $SPY The fact we did not test the bottom trendline before retesting the upper, suggest the next leg down will be more aggressive than the previous bear sessions. Also, based on previous bear sessions, we head down -17.50 after rejection within a 50 day window. If we use the same price action, we can anticipate SPY to be at AROUND $330 by New Years. (Assuming it is not more aggressive. But I believe the next leg down will be)
AMEX:SPYShort
by Pavley
2
DOW JONES INDUSTRIAL Major Level here! The Dow Jones Industrial Average Indice is seeing a major runup the past few weeks since the beginning of October. The Dow has seen record gains of 17% since its bottom in Early October. The Dow is now running into some big-time resistance... That is our focus today to dive in to. The 30 companies pushing the Dow up may be becoming overbought indicated from RSI and other oscillators. TrendLine 1 But what we're looking at is the Dow's trendline analysis. We are seeing a Long Time Resistance Line Dating back actually all the way to 2008 guiding as a mean resistance point being touched now again! This marked 'Blue' Line represents that resistance and the Dow is approaching and testing that level now. A Rejection could lead to a selloff, if History Repeats and Dow does not want to head higher at this time. OPINION : Dow will only break this trendline if looking to really meltup or erase losses and hit All Time Highs. If this is not the case yet, I do not see this breaking upwards at this level. TrendLine 2 This Trendline has lasted and been intact since the kickoff of the 2022 Bear Market. We have seen numerous Retests and Rejections of this Resistance Line, and we are now testing this again. We have YET to break through this barrier, as it guides the market lower & lower. Again The Dow will need major buying to break thru these levels, as massive resistance is present. OPINION : Same as above, I can only see a break upwards if buyers really believe Dow is going back to ATH or erase gains in a massive market melt-up Contrarian to my Writing : This article mainly features idea of a rejection, but one thing that particularly makes me more bullish on Technicals here is that the S&P / NASDAQ have yet hit their own bear market trendlines and this could rally the market up higher to those areas. If this happens, it is likely the Dow follows this movement somewhat, and could see a break above. Something to keep note of!!!
AMEX:DIA
by ZachSap
4
AUDCAD Short term buy from support Welcome back! Let me know your thoughts in the comments! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
16
EURCAD - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURCAD is overall bearish trading inside the brown channel, and it is currently retesting the upper brown trendline. Moreover, the zone 1.37 - 1.38 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: Since EURCAD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) and of course, as it retests the blue support, I will be looking for buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4