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Reversal

📉 Bearish ABCD Pattern: Short Signal on NASDAQ 1-Hour Chart!In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a retracement to the 0.618 Fibonacci level, a pattern known for its high success rate in signaling reversals. The 2.618 formation being represented with blue lines With price retracing to this optimal shorting area, I am entering a short position, targeting 14950 as my first take profit level, followed by 14870 as the second, and ultimately aiming for 14750 as my target. 📉 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
OANDA:NAS100USDShort
by Thomas_Zito
5
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
3
PLUG rises out of retracement of previous uptrendPLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32 and ascended to 55. All things pointing toward a well-established reversal, I will open a long trade here targeting the previous pivot high of 11.75 ( a tweezer top) on June 14th. The stop loss is 9.8 at the level of the pivot highs of June 7th. The trade potentially offers 15% profit in a week or two with minimal risk.
NASDAQ:PLUGLong
by AwesomeAvani
EURUSD - Will The USD Become The Strongest Currency?Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
20
VLO Reversal Pattern - Pump to $127🐂 Trade Idea: Long - VLO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 116.75 🐿 DCA: No 😫 Stop-Loss: 107.99 🎯 Take-Profit #1: 127.09 (75%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — What we see here is a typical reversal pattern. We gain the 114 level downward but fail to hold it and gain the 114 level again in an upward movement which is also the former lower low. If you’re more of a break out trader you can trade this setup directly long with a target at 127 and a stop-loss at 108. We’ve held this level for six days so far. If you want to make sure the trade is safer wait for a re-test around 116-114 and trade the long after a strong rejection. If you prefer the re-test make sure to put your stop-loss to 111-112 because you don’t want to see more downward pressure from that point on. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:VLOLong
by LGNDRY-Capital
1
GOLD ✪ POSSIBLE REVERSAL ✪ DOUBLE BOTTOM ✪ HARMONIC ✪ ONE HOURGOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement which indicates that the BEARISH momentum of GOLD-USD may be losing its pace. Thus, this divergence between the price and the RSI suggests that the price may be over sold and due for a correction. Secondly, there is a presence of DOUBLE BOTTOM reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE BOTTOM Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD pair may take the BULLISH movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDLong
by haroonsiddiki
BTC - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number. Moreover, BTC is approaching the lower bound of the orange channel. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 30,000 round number and lower orange trendline. As per my trading style: As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If the 30,000 zone is broken downward, we will be expecting further bearish movement till the lower bound of the range around 29,500 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
NZDCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF has been stuck inside a range in the shape of a symmetrical triangle and it is currently retesting the upper trendline. Moreover, the zone 0.557 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As NZDCHF is sitting around the red 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
Short
by TheSignalyst
4
EURJPY - Shift In Momentum Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart EURJPY has been overall bullish, however it is retesting a resistance zone as it is the intersection of two trendlines from Daily and H4 on H4: Right Chart 🏹 For the bears to take over, we need a momentum candle close below the gray low. Meanwhile, until the bears take over, EURJPY would be overall bullish and can still trade higher. 📚 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
ETH - Short-Term Resistance Ahead ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), ETH rejected our 1830 demand zone and traded higher. Now What? 📉 ETH is still bearish medium-term and now sitting around the upper trendline acting as a non-horizontal support. So we will be expecting the bears to take over shortly (to be confirmed on lower timeframes) 📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930 Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
27
BTC - Interesting Times ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 30k - 32k resistance for a couple of days. The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4. In this case, we will be expecting the bearish correction to start till the blue 28300 support. 📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in red. In this case, we will be expecting BTC to test the 32k resistance. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19
CLNE Pump to $5.66 in a few Days🐂 Trade Idea: Long - CLNE 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 4.90 🐿 DCA: No 😫 Stop-Loss: 4.21 🎯 Take-Profit #1: 5.66 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Clean Energy has a strong weekly support over multiple years in the 4.00 region that was holding strong the last couple of months. After consolidating bullish inside the bigger box on the top right corner we saw a break-out yesterday. Considering the strong weekly support and the successful break-out with one large candle we can try to catch this trade right away. We do not want to see it falling below the it’s local higher low at around 4.22 which leads to our stop loss just below that. This trade should play out in a couple of days. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:CLNELong
by LGNDRY-Capital
1
OPEN breaks out. Can it continue?OPEN a disruptive company in the residential real estate sector as shown on the 1H chart has continued out of a pullback. Is the continuation sustainable? I believe that inflation has become imbedded into the economy. Banks have survived the crisis with federal support and action. The Z score and relative trend index are impressive with the present indications. In an abundance of caution, the mass index is approaching the reversal zone above and could be somewhat predictive of a potential reversal. Moreover, the anchored VWAP lines with an origination ten trading days back shows price at three standard deviations above the mean VWAP. Overall, I believe that I should not enter a long uptrend this far into its extension when there are signs based on technical indicators. Instead, I will watch for another pullback or actual retracement.
NASDAQ:OPEN
by AwesomeAvani
USDJPY high around 143.800The dollar has been in a weak uptrend for the past few hours so I decided to take advantage of some indecision at a high. Price presented a shooting star on the 30minute chart as well as a strong bearish engulfing on the 5min at the exact area needed for a short. This area is exactly where price closed at then was immediately rejected on last Friday (6/23). This retest could be early considering NY session is hours away. Also the lower timeframes haven't began creating lower low yet.
Short
by DesharedPierreJr.
GBPAUD - Wait For The Trigger ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart GBPAUD is retesting a resistance zone in green so we will be looking for sell setups on lower timeframes. on H1: Right Chart GBPAUD is forming a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the gray low. Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher inside the resistance or even break it upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
usdjpy is throwing bearish reversal signalsThe dollar has been very strong versus the Yen lately. Price has reached yet another high and i believe its like to retrace bearish. The sellers have stepped in a provided some indecision and buy exhaustion. The blue 8 exponential moving average crossed to the dowside below the 21 simple moving average and price began a minor downtrend. This usually occurs before a breakout and upon a retest of that bearish candle that initiated the downward movement. I'm awaiting a re-test of $13.868- $144.155 so signal if price would like to continue bullish intraday or retrace bearish and sell for lower lows now.
Short
by DesharedPierreJr.
USDJPY - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 146.0 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As USDJPY approaches the purple 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
Short
by TheSignalyst
10
EUR-CAD|POSSIBLE REVERSAL|LONG SETUP|HARMONIC TRADINGThe current technical analysis of the EUR-CAD currency trading pair reveals an DECREASING trend that has been shaping from last few hours. However, there is also an indication of BULLISH divergence and presence of Bullish AB=CD HARMONIC pattern suggesting that the bearish momentum of EUR-CAD may be losing its momentum. Looking at the charts, we can see that the price of EUR-CAD has been steadily FALLING forming Lower Highs and Lower Lows, indicating a clear down trend. However, there is a notable bullish divergence pattern emerging, indicating that the bearish momentum may be losing steam. While the price of EUR-CAD has been decreasing, the Relative Strength Index (RSI) has been showing a upward. This divergence between the price and the RSI suggests that the price may be oversold and due for a correction. Considering all the technical indicators, it appears that the EUR-CAD currency trading pair may take the bullish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE. Risk to Reward Ratio is suggested to 2% of the total portfolio.
Long
by haroonsiddiki
Time to go long on AUDUSDThis pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for buyers to come in while there's volatility. Reversal candlesticks on top of this support are valid buy opportunities for at minimum 80pips. Look to buy after a false breakout to the downside or after the final low.
Long
by DesharedPierreJr.
GBPAUD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart GBPAUD is retesting a resistance zone and now sitting around a previous major low in orange so we will be looking for sell setups on lower timeframes. on H1: Right Chart GBPAUD is forming a channel in red and a potential head and shoulders pattern but it is not ready to go yet. For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4