Get started

Reversal

AUDNZD - Trading The Wedge 🌙 AgainHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last AUDNZD analysis, we have been looking for sell setups around the green resistance zone. AUDNZD traded lower and it is currently hovering around a robust demand zone. Moreover, it is approaching the lower red trendline. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and red trendline acting as a non-horizontal support. As per my trading style: As AUDNZD approaches the red 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
Gold | Where is it headed next?Gold saw a massive spike at the once highest level gold has ever seen and has since then closed under this level (on the daily chart) and is further on the way down again. Now I see a lot of people looking for longs on gold but I don't want you to forget that gold has been rejected 3 times in this zone before and went in a downtrend. So before you load up your longs and look for new highs, don't forget that price just might reverse here. Of course gold will someday see new highs but I don't think it will be for this year. Let me know what you think! Be patient and manage your risk!
OANDA:XAUUSDShort
by FX_Unlimited
ETH - Decision Zone Ahead 📍Hello TradingView Family / Fellow Traders, ETH is currently hovering around a robust resistance zone and the upper bound of the red wedge pattern. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated. H4 Chart: 📉 Conversely, the bulls will remain in control unless the last low in blue at 2120.0 is broken downward. In this case a bearish correction till the 1700.0 mark would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
Inverted Head & Shoulders - UCHFHere we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the Neckline with price continuing HIGHER! The RSI indicator is also throwing out a Slight Divergence, strengthening Bullish Bias on this possibly imminent Reversal Pattern! Fundamentally this week: USD - JOLTS (Tues) Non-Farm Payroll (Wed) Unemployment Claims (Thur) Non-Farm and Unemployment (Fri) CHF - CPI (Mon) Currency Reserve (Thur) **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! -Pattern Prediction- *If Price Breaks and Closes below .86792, Pattern INVALIDATED! *If Price Breaks and Closes above .86973, Price Action will initiate my Trade Action Plan!
Long
by Novi_Fibonacci
AUD/USD: Reversal Sell Opportunity Confirmed!!!On November 29 and 30, AUD/USD touched a crucial pivot point at the price of 0.66411, indicating a potential change in direction, especially as it aligns with a level of miring Support and Resistance, suggesting a Major downtrend. The bearish reversal signal on the daily candle following the pivot point touch adds confidence to the potential downturn. The recent dovish stance conveyed by the Reserve Bank of Australia (RBA) further adds pressure on AUD/USD. Technical Analysis: Pivot Point and Support/Resistance: The price hitting the pivot point at 0.66411 suggests a potential reversal, particularly at the miring Support and Resistance level. Bearish Reversal Signal: The formation of a bearish reversal pattern after touching the pivot point indicates weakness in the bullish momentum. Major Downtrend: The trendline illustrates that AUD/USD is currently experiencing a Major downtrend. Fundamental Analysis: Dovish RBA Stance: The dovish statement from the RBA can enhance the downward pressure on AUD/USD. Trading Scenario: Considering the above factors, traders may contemplate the following scenario: Wait for Correction: Exercise patience until the price undergoes a correction from the 0.66411 level. Sell Limit with Confirmation: Initiate a sell position after a correction, with confirmation of further downside. Confirmation could involve the formation of a bearish pattern. Target Take Profit: Set a take profit target around 0.64660, an area indicating the potential for further decline. Stop Loss: Safeguard the position by placing a stop loss above the nearest resistance level or above the high of the confirmation candle. It's crucial to continuously monitor market conditions, stay informed about the latest news, and practice prudent risk management. Trading always involves risks, and the final decision remains the responsibility of the trader.
Short
by fardycurry
2
NZDCHF - Following My Friend - The Trend 👬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF has been overall bearish trading within the falling orange channel and it is currently retesting the upper bound / trendline. Moreover, the zone 0.55 - 0.5575 is a strong resistance. 📉 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: As NZDCHF approaches the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Knowing that NZDCHF can still trade inside the resistance zone before going down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
Bearish Sequence (Descending Triangle) - EJHere I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time! Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! Fundamentally this week: EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri) JPY - OPEC (Thur) -Bearish Prediction- If Price Breaks and Closes above 163.719, Set-Up INVALIDATED! If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
Short
by Novi_Fibonacci
1
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
ZEC USD - Wyckoff Accumulation Phases This analysis is for my own education, I am trying to learn the wyckoff method so please correct me if I am wrong. Phase A: We can clearly see the stopping of the previous down trend and the dominany supply. Preliminary support (PS) is very short lived and followed by continuation of selling climax (SC). We can see the Automatic Rally (AR) right after the SC. There is a secondary test which is successful but not quiet close to SC support, so there is less selling. Phase B: Price swings are wide and high volume throughout Phase B, which takes around 4 years. At times showing Signs of Strength (SOS) within the trade ranges (TRs). Phase C: I believe we are now in Phase C, with a strong pullback after some SOS. Price moves below Phase B trade ranges. Volume has been fairly low. We could call this area LPS - last point of support. I identify this zone to be a bear trap. This can mark the beginning of a new uptrend soon. The current crypto market conditions also support this analysis. If we see a sign of strength again soon, it could validate it. Phase D: If this analysis is correct, we should see a dominance of demand over supply for Phase D to activate. Expect a price movement towards the top of the trade range. Indicators: TLL RSI - heavily oversold Money flow - shows sign of reversal but still not validated, we need to go above 0. Volume: Low
BITFINEX:ZECUSDLong
by TheAlchemist888
11
AAPL Reversal. Time to SHORT Like many other stocks AAPL has been on a sharp rise up since testing its 200 day MA. After testing the 200 day MA AAPL has broken out of a descending wedge to the upside. My conservative price target was $196 which was $2 short of its all time high. Momentum has started to slow and it is looking like AAPL is ready to retest its 200 day. Negative divergence noted in the RSI as price reached previous target. Time to close out longs and open shorts. My next price target is $175 and I am planning on starting a short position using in the money puts.
NASDAQ:AAPLShort
by Average_Joe_Options
USDCHF - Getting Over-Sold❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart USDCHF has been bearish trading inside the falling red channel. However it is currently approaching a strong daily support zone so we will be looking for buy setups on lower timeframes. on H4: Right Chart For bullish momentum to prevail and trigger our buy setup, a break above the recently highlighted grayed high is necessary. Meanwhile , USDCHF would be bearish and can still trade lower to test the lower bound of the daily support. In this case we will be looking for new 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
NEARing A Strong Support ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BITRUE:NEARUSDT has exhibited an overall bullish trend , trading inside the rising broadening wedge in red. At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting a strong support/structure marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #NEAR approaches the lower blue 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
GBPCAD - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart GBPCAD has been bullish trading inside the rising orange channel. However it is currently approaching a strong daily resistance zone so we will be looking for sell setups on lower timeframes. on H1: Right Chart For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary. Meanwhile, GBPCAD would be bullish and can still trade higher to test the daily resistance again. In this case we will be looking for new 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
Be Cautious On Palantir🫨Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse Palantir for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
PShort
by basictradingtv
8
XRP - Impulse - Correction - Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 According to my latest analysis (attached on the chart), we expected XRP to reject the 0.7345 zone. This week, XRP entered a correction phase, and it is currently approaching the support zone. 🏹 For the bulls to regain control and initiate the next impulse movement, we need a break above the red channel and the last major high. Meanwhile, XRP would be bearish, trading inside the falling red channel, and could still move lower to test the 0.55 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
3
UDMY (Long) - Edutech reversal playFundamentals Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise Valuation is not extended (compared to the current market standards - P/S = 2.8), the sales growth is reliable and strong while the firm is nearing profitability The business carries high margins and if it remains on the current trajectory, it is bound to become a highly profitable firm. And as a bonus, it does not have any debt! The thing I like the most though is the support the stock is getting from the overall education sector. Look at the charts of NASDAQ:DUOL or NYSE:COUR (which I recently covered in another post) to see how strongly these stocks have been performing Technicals Reversals are very tricky, but there is a couple of signals to always look out for The stock broke the series of lower lows and lower highs and is establishing a new higher high The price broke cleanly through all moving averages And it has done so on very positive news that carried the stock 30% higher . Most importantly, we can see follow-through in price; not collapsing higher or consolidating, but rather marching higher RSI is breaking towards new highs despite the stock being price-depressed and stochastics are showing a strong momentum I do not know if this trade lives up to the expectations, but this is how I would imagine an ideal reversal Trade Putting on the trade is rather tricky , I am not going to lie. Hence why I have not put it on myself either The next support levels are unfortunately 10% away (the black line) and the stock price has not properly pulled back. A good sign of the underlying strength, but bad if one wants to enter the trade One option is to wait a bit but risk the trade running away from you. This is what I am going to choose because my own risk managemen t would not let me enter the trade at this price. The other choice is to get in now. In that case, I am going to leave it to each and every one of you to pick your own spot for a stoploss. At this point, there is only one viable level that I can see, which is around the black line depicted on the graph By the way, a really good pick for a long-term investmen t if someone is interested in that Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NASDAQ:UDMYLong
by jurajholik
CUP O' THE MORNING! - AJHere is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form! I expect price will finish the "Cup" @ 97.007 -THEN- Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern! Fundamentally: AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and Unemployment Rate (Wed) JPY -> "Clear News Week" **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Long
by Novi_Fibonacci
History Rhymes 📖🎶Today, I want to share an interesting pattern that BTC has been respecting lately. 1️⃣ First, in June, after a bearish trend, BTC formed a falling correction /pause, and then we experienced a shift in momentum from bearish to bullish. 2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed. 3️⃣ In September, once again, BTC formed a falling correction and then traded higher. 🖊 We can clearly see that this pattern is playing out nicely on the BTC Daily chart. 4️⃣ If we apply the same logic to the current price action, BTC should be in a rising correction phase. For it to be confirmed, we need BTC to reject the upper green trendline again and then break below the last low in green at 33,000. In this case, we will be expecting a bearish trend to start, reaching around the lower orange trendline at 29,000. 🗒 What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
98