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Trendreversal

US10 Y - TREND REVERSAL IN PROGRESS...D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support and last but not least, at the MID BOLLINGER BAND, "T H E L E A D I N G I N D I C A T O R", currently @ 1.5620 as a pivot level for the ongoing session (s) If you find my analysis valuable for your trading, please do not forget to like and follow me Have a nice trading day All the best Ironman8848
TVC:US10Y
by Ironman8848
2
Honda Motors - Probable trend reversalIn the chart you will find everything that i found important to the current price of the stock. I think we will see a trend reversal if the price draws a good uptrend after the spike up. On Tuesday(today) I expect the price to suffer from correction but this is healthy for the long term price movement. I would wait out the correction and there will be a better entry for LONG position. I am not financial expert nor advisor, please make your own decisions and do your own analysis!
NYSE:HMCLong
by Engindzhan
Simple signal and example long positionRSI could cross the center line within the coming week and with the Ichimoku cloud having turned green on the first of march a bullish trend shift could be emerging. The only detriment to this projection is the height of the MACD . If it breaks off the signal and downturns the price could follow and return to bearish. The long position on the chart is an example of a trade and not a recommendation or mandate. ~ This does not constitute as financial advice but is an idea and projection of future price movements without a recommended course of action ~
NYSE:SFLLong
by Kabeldon
BTC - H4 - TREND REVERSAL ?H4 : SO, WHAT NEXT ? Looking at the latest development, we can see that on one hand the target of the triangle pattern @ 58058 has been reached and on the other hand, BTC failed to upside breakout the resistance level of the broadening wedge pattern ! Therefore, those two reasons triggered some profit taking in building a potential broad double top formation on both D1 and H4 chart. Ongoing price action during the upcoming hours should be watch at very carefully. Indeed, first support to look at is @ 56212 (Tenkan-Sen or conversion line) ahead of one the main leading indicator which is the Mid Bollinger Band @ 55418. A failure to hold and stay above that level should be sign as a strong warning of a ongoing trend reversal in progress. On the upside former high @ 58155 ahead of Feb 21st high @ 58354 are the levels to break to confirm an ongoing upside price action WATCH H1 AND M15 TO GET INTERMEDIATE CLUES
BITSTAMP:BTCUSD
by Ironman8848
1
BTCUSD - D1 - DOUBLE TOP IN PROGRESS...D1 : After having reached the triangle formation target of 58058 and making an intraday high yesterday @ 58155 profit taking pushed down the BTC towards a low so far of 56632. Looking at the global picture in D1, we can see a potential double top formation in progress (58354 & 58155). Usually, the second top should be higher than the first one but some tolerance could be accepted. Therefore, I would strongly suggest to watch very carefully the ongoing price action during the day. Indeed, a failure to stay and close above the first significant support of 55918 (middle level of yesterday long white bullish candle) should be seen as the first signal of a potential trend reversal as such kind of price action would trigger a BEARISH ENGULFING PATTERN. Moreover, technical indicators are not for the time being, showing great support and conviction, for a continuation move on the upside. Watch carefully ongoing price action in the coming hours, on shorter time frames, H4, H1 and M15 to get early signals of validation or invalidation of this potential trend reversal formation. On the other hand, a new high closing above 58354 (Feb 21st) would invalidate for the time being the above potential bearish scenario in opening the door for higher level towards 61075 (Fib proj 50%) ahead of 65575 (Fib proj 61.8%) Have a nice trading day and have fun All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
4
BULLISH ONE WHITE SOLDIER MAYOR TREND REVERSAL? BUYGreen stocks have had en mayor correction last week. Nothing fundamental have changed in REC Silicon. All solar prices have had an mayor rise(pvinsight.com), and US are still working on making their own supply chain. REC silicon will have an mayor part in new batteries for EV the next years to come. They are world leading in Silan gases (70 % of market), which probably will be the new standard in EV batteries. Strong buy at these levels REC silicon listed on oslo stoch exchange
OSL:RECSILong
by Sirbalo
BTC - D1 - INTRADAY HIGH @ 55855, BUT...D1 : Another long white bullish candle has been triggered yesterday; today's ongoing price action is showing, for the time being another kind of picture. Indeed, after having, on one hand filled the Fibonacci retracement extension (78.6% @ 55072) and even pushing higher to an intraday high of 55855, BTC has been rejected by the former primary uptrend support trend line, which became a resistance. As a result, BTC reversed and is currently traded in the middle of the new uptrend channel in an ongoing bearish price action. Nevertheless, as we are on D1 observation, we need to wait the level today's closing to get confirmation of the upcoming development. SCENARIO A : BEARISH A daily closing below 53678 would trigger a dark cloud cover pattern which would already be the first signal of a trend reversal and a closing below the opening of yesterday's session @ 52427 would trigger a bearish engulfing pattern. A failure to hold above the former pivot level of 51530 would put the focus on the first significant support area, which is the cluster of the three following : Tenkan-Sen, Kijun-Sen and Mid Bollinger Band, being respectively @ 51074, 50687 and 50666. SCENARIO B : BULLISH A daily closing above yesterday's closing would be supportive for further upside having in mind a retest of the top zone of February (58000-58350)
BITSTAMP:BTCUSD
by Ironman8848
Opportunity for sales at AUDUSDWhen we look at the H4 chart we see a momentum decline at the end of last month. It broke the upward trend of this period. After the impulse decline, we have been seeing a correction for several days now, which we are looking for when it will end. We can see this on the H1 chart. The break of the support line signals the completion of the correction and allows for a new decline. Re-testing of the zone is not excluded! The expectations are that the price will reach 0.7720 and 0.7646! Today will be extremely important for all pairs with USD. Be careful! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Short
by ForexTrendline
1
EURGBP breakAfter a short rise in H1 EURGBP last week, we saw a decline again. We see a break of the upward movement and at the moment it shows no signs of higher values. The current movement resembles a correction to end in the zone to 0.8688 and see a new downward pressure. We can look for a reversal in the area or a break of the previous bottoms to make an entry! In case of decline, we expect it to reach 0.8602 and 0.8572! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Short
by ForexTrendline
1
OGI: Potential for big upsideOn the 1 day chart for OGI my supper guppy indicator has turned green/blue, indicating an uptrend, for the first time since June of 2019. On the 1 week chart you can see that the fast EMA's on my super guppy indicator have turned from orange to grey...When the fast EMA's turn grey during a downtrend it typically indicates that price action could have incoming volatility and suggests that a bounce is currently ongoing. When you consider this in addition to the bullish super guppy signal on the 1 day chart and the strong signal indicated by my GMMA oscillator I think we are going to see some really nice upside.
NASDAQ:OGILong
by LivermoreGrahamDisciple
8
BTC - AT A GLANCE - TRADING IN THE ZONE - D1 - H4 - H1D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post). Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and uncertainty ! In addition, coupled with this doji, there is also a bearish divergence on RSI. Therefore, it looks like, further downside is on the cards ! After this sharp move, the 45000-41000 trading range is very fragile and we can not ruled out to see a mirror effect happening in the coming session (s) which would push the BTC down back towards the form congestion zone of January 41000-42000. Screen shorter time frames to get intermediate signal (s) which will help to validate or invalidate this expected bearish scenario. Important to note that on D1, we are still in a strategic uptrend (see the support trend line in green) and therefore the view expressed here should be seen as a tactical trading approach (countertrend !) Only a clear breakout of the uptrend line support would switch from bullish to bearish in a strategic mode approach ! Scenario 1 (Bullish) : Recovery and breakout of the former high of 48200 and then again sharp acceleration towards 51000 and probably higher (Fib projection) Scenario 2 (Bearish) : Failure to hold above 45'000 (yesterday's intraday low) would put the focus on the 43'000 area (see H4 and H1 comments below) H4 : Downtrend in place. Watch 47'000 on closing period observation; a recovery above that level would, for the time being, neutralise the downside risk. On the downside first level to look is 45'600. A H4 closing below that level would be the first signal confirming an ongoing bearish price action targeting the next support previously mentioned on D1 @ 43000 H1 : Downtrend in place Below all leading indicators ! Watch 44900 as the key pivot point, which is also the top of the clouds support zone and which corroborate the view expressed above on D1 As for H4, only a recovery above 47000 would force to a view reassessment of the expected bearish scenario
BITSTAMP:BTCUSDShort
by Ironman8848
2