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Reversal

CAT : Unlocking Upside Potential with a $290 TargetCaterpillar Inc (CAT) has recently demonstrated significant upside potential according to the latest technical analysis. Let's delve into key points supporting this positive outlook: Recent Developments: On October 31, 2023, CAT's stock price touched a critical support area at $228.37, marking its lowest level since June 2023. The significance of this level is reinforced by the presence of a long-term upward trendline dating back to March 2021. This underscores strong demand at this level, signaling the continuation of the upward trend. Positive Reversal: Following the support touch, CAT shares experienced a positive reversal by successfully breaking through the previous resistance level at $244.24 on November 3, 2023. This indicates an increased buying pressure, suggesting that CAT has the potential to continue its ascent to higher levels. Target Price Set: The proposed target price is around $290, reflecting the highest level reached in August 2023. This target selection is based on psychological aspects and the Highest level of all time Momentum Indicator Support: Two key momentum indicators, MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), provide positive signals: MACD is above its signal line and the zero level, indicating that upward momentum is increasing, supporting the continuity of the uptrend. RSI has moved above the 50 level and is approaching 70, suggesting that CAT may be in an overbought condition. This indicates a higher number of buyers than sellers, supporting the prediction of price increases. Conclusion: Based on this in-depth technical analysis, Caterpillar Inc (CAT) shows robust potential for upside movement. However, as with any investment decision, it is advisable to conduct further research and consider risk factors before making decisions. Stay informed about the latest news that may impact the overall stock market.
NYSE:CATLong
by fardycurry
Currency Pair: GBP/AUD SellTrading Plan/Signal Currency Pair: GBP/AUD Action: Sell Entry Price: 1.88326 Stop Loss (SL): 1.94732 Take Profit 1 (TP1): 1.85227 Take Profit 2 (TP2): 1.72405 Reasoning: The trading plan involves selling the GBP/AUD currency pair. Here's the rationale behind this decision: Head and Shoulders Reversal: The analysis has identified a head and shoulders reversal pattern. This pattern typically indicates a potential trend reversal from an uptrend to a downtrend. The left shoulder and the head form higher peaks, while the right shoulder forms a lower peak, creating a bearish signal. Downtrend Anticipation: The head and shoulders pattern suggests a bearish sentiment in the market, indicating a potential downtrend in the GBP/AUD pair. Trading Strategy: Entry: Enter the market with a sell order at 1.88326, as this is the point where the reversal is anticipated to start. Stop Loss (SL): Place a stop loss at 1.94732. This level is set to limit potential losses in case the market moves against the trade. Take Profit 1 (TP1): The first take profit level is at 1.85227. This is where the initial target for profit-taking is set, anticipating a portion of the potential downtrend. Take Profit 2 (TP2): The second take profit level is at 1.72405. This level represents a more significant target for profit-taking, in line with the expected downtrend. Risk Management: Risk-reward ratios have been considered in setting the stop loss and take profit levels. Always trade with a risk that you are comfortable with and that suits your overall trading strategy. Regularly monitor the trade's progress and consider adjusting stop loss and take profit levels as the market develops. Please note that forex trading carries inherent risks, and it's essential to use proper risk management and only trade with funds you can afford to lose. This trading plan is for informational purposes and should not be considered as financial advice
Short
by Jazzy_Qmolautsi
AUDJPY - Long Story SHORT !Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AUDJPY has been stuck inside a big range and it is currently hovering around the upper bound / resistance zone in green. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray. Meanwhile, AUDJPY would be bullish and can still trade higher inside the weekly resistance 97.0 - 98.0 📚 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
NAS100 Post Reversal 03.11.2023Wall Street is close to its best week of 2023 on hopes for a halt to rate hikes. The Index experienced a strong reversal. The path though is quite unusual since no retracement has been recorded yet. This might be the opportunity to catch the retracement. The index is expected to return back to the mean and the 61.8% of the move at least. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Short
by Stuart_Cowell
1
ETH - One More CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our last analysis (attached on the chart), ETH rejected the 1550.0 support and traded higher. Currently, ETH is sitting around a strong supply marked in orange. 📈 For the bulls to remain in control, we need a break above 1885.0 📉 Meanwhile, if the gray zone 1738.0 is broken downward, expect the bearish impulse to start. 📚 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
GBPUSD 29/10/23Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry. iam watching these lows for a entry to show itself, if we get one then we will test our longs with low risk. if we don't get our entry then we will look to follow the short move out of our swing low. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
ROSE is blooming 🌹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange) For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till 0.07 📉 In parallel, if the last minor low in red at 0.049 is broken downward, we will expect a bearish movement till the orange previous low. 📚 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
AUDNZD - Trading The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDNZD has been overall bearish trading inside the falling wedge pattern in blue, and it is currently approaching around the bound of the wedge. Moreover, the zone 1.0925 is a strong resistance. 🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As AUDNZD approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top 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
6
PT 245 - 250. H/S pattern. Buyers weakening on TSLA. Lazy pump.The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high. Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable. Anyway, "fundamentals" aside, let's look at some price action: Buyers pushed the price up from blue TL. Failed to make a new high. Forming a left shoulder. Buyers went a little higher this time, but failed again. Back down to blue TL. I alerted calls here and shares. Paid nicely! Now, this week, buyers failed to reclaim 262 resistance and enjoyed a fake pump on Friday to close the week. What happens next is either blue TL dip or white TL dip. More likely is a white TL dip because that would be 3rd touch on white TL and 4th touch on blue TL. 4th is usually bearish. 3rd is bullish. I'll buy again on white TL. Hope this is helpful for you. We've been making fire calls all month. Welcome to follow or let me know how this is helping you. NASDAQ:TSLA AMEX:SPY CAPITALCOM:US100 FX:NAS100
NASDAQ:TSLAShort
by kingdips
7
How to Island Reversal PatternGreetings, fellow traders! Today, we dive into the Island Reversal patterns, a fascinating subset of price gap structures. Understanding their intricacies can empower us to make informed and strategic trading decisions. Unraveling Island Reversals: Island Reversals materialize when prices find themselves marooned amidst gaps, isolated from preceding trends. Picture this: in a bullish rally, prices surge above the prior session's close, forming an upside gap. After a few sessions, a downside gap emerges, bringing prices below the prior close. This secluded price-range creates the Island Reversal setup, often heralding significant technical declines in bullish trends or robust rallies in bearish trends. The Influence of News and Volume: Island Reversals, intriguingly, are often the offspring of news-driven events. To validate these patterns, observe the volume – it should surge significantly on both sides of the gaps. Their rarity in the midst of a rally or descent underscores their potency as trend reversers post the second gap. Strategic Trading Approach: Post the reversal, enter a "short" trade below the low of the second downward gap in an uptrend. Conversely, in a downtrend, initiate a "long" trade above the high of the second upward gap. This tactical entry ensures you ride the wave of the emerging trend with precision. Strategically Placed Stops and Targets: Prudence dictates placing a "stop" order if the market closes above the high of the Island Reversal pattern for short trades or below the low for long trades. This precautionary measure safeguards your positions, preventing potential losses. As for targets, Island Reversals, being formidable trend indicators, often lead to substantial profits. Set your sights on key event-driven support or resistance levels, guiding your exit strategy. Island Reversal patterns hinting at impending shifts in market dynamics. By mastering these patterns and integrating them into our trading arsenal, we elevate our ability to navigate the market. Remember, fellow traders, every pattern tells a story; it's our job to listen, decode, and act. Happy trading!
Education
by Vestinda
CADJPY_28.09.2023_Potential to develop triangle & double topCADJPY analysis: 1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down. 2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern. 3. Time frame H-4, price has the potential to develop rising wedge pattern. Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position. Notes: - This is a personal analysis, please adjust it to the existing conditions. - This is not a buy/sell recommendation. This is just my personal analysis. - Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours. - Still in the learning process, let's learn together :) Thank You
Short
by moca_nomic
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon. Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post). This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off. All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
NASDAQ:AMZN
by RocketTraveler
GBPAUD: “Reversal” Setup “IB Momentum” Buy Stop Entry (37/100)System has identified a “REV” playbook setup and a potential inside bar breakup for a “momentum” shift buy stop entry during the third hour of the LONDON 12-Candle Window. RISK: 1R TARGET: 4R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
Long
by USA_Capital_Funds