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Reversal

BTCUSDT: This is the timeHello Traders! Welcome back to another post with analyst Aadil1000x. This is the pattern that I have in my mind when this accumulation/expanding triangle started. This is not the first time I am watching this pattern but we have seen this pattern doing the exact same moves that I have drawn many times before I am also adding the old post with the same pattern. Normally after a breakout, there is a strong reaction and because of that most of the time market moves back inside the pattern and sometimes after moving back it breaks the trendline which is at the top of the pattern. This time it will break the trendline which is at the top because there is huge bullish pressure and it is aiming to break 29K. This move can move up to our Next True Reversal Point which is at 29327. Same pattern in an old post Don't forget to hit the like button and follow to stay connected
Long
by Aadil1000x
7
NZDUSD - Now Wait For The Bulls!⏰Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDUSD has been trading inside a big range between our support and resistance. Previously, we were looking for sell setups around resistance. Now since NZDUSD is sitting around the support zone, we will be looking for buy setups on lower timeframes. on H4: Right Chart NZDUSD is forming a channel in blue. For the bulls to take over, we need a momentum candle close above the last major high in gray. Meanwhile, until the buy is activated, NZDUSD can still trade lower inside the support or even break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
EURUSDEURUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
NZDCAD 4H, Bullish Price ActionNZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I expect price to rise to upper boundary of HTF structure. Wait for an entry thst fits your trading plan. Thanks Trade Safe
Long
by ktlfx
EURJPYEURJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
BTC - Correction Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were waiting for the bulls to take over by breaking above the blue highs or the correction to start by breaking below the gray zone. Since we now have the break below the last H4 low in gray, the correction started. 🏹 In this case, as mentioned, we will be waiting for BTC to approach the green demand zone to look for new buy setups . Unless, the bulls regain control aggressively by breaking back above 25,000 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
20
📊 Chart Pattern CheatsheetChart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both continuation and reversal patterns, traders often use a combination of technical indicators and price action analysis. They may use tools such as moving averages, oscillators, and trendlines to confirm a pattern's validity and identify potential entry points. Additionally, traders may set stop-loss orders to manage risk and limit potential losses. 🔹 Continuation patterns Continuation patterns are chart patterns that suggest that the current trend will continue. They occur when the stock price consolidates in a certain range, showing a temporary pause in the trend. Some common continuation patterns include triangles, flags, and pennants. Traders may look to enter a long position when the stock price breaks out of the pattern, typically on higher than average trading volume. 🔹 Reversal patterns Reversal patterns, on the other hand, suggest that the current trend is likely to reverse. These patterns occur when the stock price has reached a high or low point and is likely to move in the opposite direction. Some common reversal patterns include head and shoulders, double tops and bottoms, and the "V" pattern. Traders may look to enter a short position when the stock price breaks below a support level or the neckline of a pattern. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
NZDCAD - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDCAD is overall bearish trading inside the orange channel and we are currently approaching a support zone so we will be looking for buy setups on lower timeframes. on H1: Right Chart NZDCAD formed a wedge pattern but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray last swing high to buy. Meanwhile, until the buy is activated, NZDCAD can still trade lower inside the blue support zone. 📚 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
CADJPY - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes. on H1: Right Chart CADJPY formed a head and shoulders pattern but it is not ready to go yet. 🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell. Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101 📚 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
3
AMD key reversal and double-top signaling possible pull backAMD has made an impressive bull run during the past month from a low of 60.05 on January 6th to a high of 88.94 on February 2nd, for a total gain of 28.29 per share. This run was triggered by a key reversal, so it's possible that a key reversal will also signal its end. I would pay close attention to today's bearish key reversal, and the double-top that formed near a resistance line going back to late 2020/early 2021. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDShort
by cdnbuzzard