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Reversalpattern

SPX: Hit our target today! What's next?Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see the beginning of a bullish reaction, as the index finally broke the 4,456 area, which was the most important resistance for the short/mid-term. Today, the index hit its first target at 4,481 by filling the gap, and now it is losing strength, as expected after hitting a resistance. We set this target on my analysis on April 14, as you can check on the link below this post, when the index was looking like this: Now we have two support levels for the short-term: The first one is the 4,456 again, and the other one is the 21 ema. The daily chart reinforces the idea that the index is in early stages of reversal, as it is breaking the 21 ema and the 38.2% retracement as well. Yesterday we had a nice bar, and the volume was good (not great, just good). After movements like this, it is normal to see corrections that could last for one day or two, but the index must not lose the 4,400, otherwise, it’ll frustrate the reversal patterns it is building and it could resume the bear trend again. For now, the situation seems under control, and the index is behaving according to the technique. Our next resistance is at 4,521. I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
GBPUSD | New perspectivePrice action is presently oscillating within a strong demand zone. Despite been in a strong downtrend situation, I am having a feeling buyers might push price further up in the next couple of hours... However, if price breaks down this 1.3 zone then we can be looking for a confirmation to sell Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4
BTCUSD | New perspectiveSince my last publication on this pair, we witnessed over 7,000pips move (see link below for reference purposes) and the price is right back at where we were a couple of months ago. With a significant bullish trendline identified on the daily timeframe; we might want to be looking at a bullish expectation in the next couple of days as long the price does not break below this line. In this video, I explained why I think we should be anticipating a bullish momentum. I shall bring up updates as price action is been monitored in the next couple of days... Stay tuned in! Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
1
GBPCHF | Live position review A follow-up detail on the GBPCHF that was published earlier this week (see link below for reference purposes) where the first entry-level was adjusted to 1.21391 (comment box) and this has since been triggered. Despite the display of lower highs since the beginning of the week, we shall be anticipating a breakout of the bearish trendline identified in the 1H timeframe to be a signal that supports our bias for bullish expectations or allow price to run through our stop-loss. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURNZD | New perspectiveIt is obvious that since the beginning of March 2022, we have been experiencing what appears to be a reversal structure on the daily timeframe as there is a possibility that price might break out of the structure and set the tone for a bullish momentum in the nearest future. However, I am of the opinion that price action might first go into a correction phase before this move finally happen. In this regard, I am looking for a bearish opportunity at this juncture in the market. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
GBPCAD | New perspectiveDespite the obvious that we are in a long-term downtrend situation on this pair; the appearance of a structure that looks more like an inverse head and shoulder pattern on the 4H time frame is suggesting we are on a verge of a reversal as we anticipate a breakout/retest of structure to hop in a potential bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
AUDUSD | New perspectiveWith a key level identified at 0.74250 on the 4H timeframe; this level could be a yardstick that will guide us into the expected bullish momentum we are looking forward to if it finally happens. In this video, I have explained my doubts and expectation as price action is been monitored going forward. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
SPX: Still in a "danger zone"! What to expect next?Hello traders and investors! Let’s see how the SPX is doing today! First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels. The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we expected in our previous study, yesterday: Now, we are in a similar position again. Although there’s no clear resistance for us, we still have the 21 ema, which seems to be working again as a resistance today. However, I’ll still believe the 4,456 is more important resistance to break. The daily chart is looking interesting right now. Yes, we see a bullish candlestick pattern (to me it is a Piercing Line pattern), just above the support level at the 50% retracement. This is a buy sign, however, we don’t have any confirmation yet, so it is still a delicate situation. If the index triggers this Piercing Line, we could finally escape from the “danger zone” and reverse the short-term bear trend. However, it must not lose the 50% retracement, otherwise, the 61.8% is our next stop. The plot thickens and soon the index will have to do something interesting, either bullish or bearish. Let’s just keep in mind the patterns and key points mentioned in this analysis to guide us from here. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
EURAUD | New perspectiveWith an evident downtrend scenario on the 4h time frame. How can we take advantage of a sell continuation opportunity if it finally happens? Let's check this out together. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
AUDCAD | New PerspectiveWith the current structure, the Aussie appear to extend gains above 0.95 in the coming week(s). As of the time of publication, a reversal set-up has been identified within the demand zone at the 0.934 area where we shall be looking for a signal to buy at a breakout of the key level which also serves as the neckline of the reversal structure. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZDUSD | Perspective for the new weekA bullish trendline is identified in the 4H timeframe and this line also shares a confluence with a significant key level at 0.68250. We shall hereby be looking for a breakout of a reversal set-up for a signal to join the potential bullish trend. However, a breakdown/retest of key level might incite a risk of further decline hence the need to be very conscious as we monitor price action. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | Live position review | follow-up detailsA follow-up detail on the XAUUSD was published last week (see link below for reference purposes) With over 3,00pips moving in our direction since my last publication, we currently have another set-up lining up for a bullish momentum as a bullish trendline structure is identified on the 1H timeframe. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
XAUUSD | Live position reviewThis is a follow-up detail on the XAUUSD that was published on Monday (see link below for reference purposes). After hitting break-even during the latter part of yesterday's trading session, another opportunity appears to be arising considering the reversal structure identified in the 1H timeframe. Let's see what happens as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
ALPHA - Important Price Action ✨From a higher timeframe view, we can see that there are 3 significant bearish phases. Phase 1 and 2 are really impulsive indicating there's heavy momentum to the downside. However, phase 3 is very corrective with short bodied bearish candles. This indicates that there isn't much momentum to the downside and that bulls are coming back into the market. We can see that after the corrective phase 3, we broke up to the upside. Anticipating further bullish momentum to the upside, back to ATH's. Trade Idea: - Watch lower timeframe for bullish reversal. Worst case we can come back to double bottom - Enter with stops below the lows - Targets: 1.300, 1.500, 2.400, actively manage the rest Goodluck!
by WicktatorFX
4
UNISWAP - Reversal Patterns 👀Uniswap has recently broken out of a descending wedge, which is a common reversal pattern. After breaking out, we appear to be coming back to the lows - possibly double bottom, which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon! Trade Idea: - Watch for price action around the double bottom region - Once bullish PA appears, enter with stops below the lows - Targets: 28, 44, actively manage the rest Goodluck and as always, trade safe!
by WicktatorFX
3
How To : Momentum Shifts ( Key Set Ups) Hi Traders! Lets review 3 Trade SetUp For Key Momentum Shifts: For the past 28 years, I have been using three simple trades setups, that I'll explain in the video, to be selective in my trades and to identify key momentum shifts in the market. I hope these setups will be useful to you as well. High Frequency Traders and Professional Traders will often run retail trader stops by blowing through key support and resistance levels like round numbers only to reverse shortly afterwards. We must protect ourselves from these tactics and be careful not to chase a move or get stopped out. Recognizing and patiently waiting for one of these trade set up will help especially if you combined or recognize them with a chart formations like a double tops or head and shoulder pattern. Trade Setup 1: Cross above a key resistance, recross below = shift of momentum. The same setup can be used with a cross below a key support level. Trade Setup 2: Cross above a key resistance, recross below and a retest of the resistance with a Lower Higher = shift of momentum. This is my preferred setup. Trade Setup 3: 2 touches to a key resistance or 2 touches to a key support and entering on the 3rd touch for a 66% probability of successful trade. I hope these setup are helpful, whether you trade or invest, using key momentum shifts with support and resistance lines. Hope it helps Take care Marc
COINBASE:AVAXUSDEducation
by PowerIndicators
6