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Trendreversalpattern

BUY ON SWISSY DOLLAR?? There is a possible Inverse Head & Shoulders pattern being formed on the 2HR time-frame for USD/CHF. I've identified the head & both shoulders, as well as the neckline. Price recently bounced off of Daily Descending Support, which gives me even more cause for Bullish sentiment. I place a Buy Stop order & a Stop Loss order based off of the Inverted H&S. I'm floating my TP at the moment until I decide on a clear profit area. What are your thoughts on this pair?
Long
by lobfxempire
1
The most accurate analysis I was talking about 🤩🤩 (part 2)This idea is linked to my previous idea. first check that out and come to this for better understanding. From this 4h chart i am able to understand that there’s plenty more room for trend-reversal. i am not god i may be wrong but, the decrease in volume and this head and shoulder pattern if bitcoin takes correction then we can find it taking some support at 9200 followed by 8800. if you’re able to understand this situation where volume decreases and prices remain in sideways or slightly higher in uptrend then this is the sign there may be a downtrend coming. Observe the neck line for few days carefully, because we can not think only in one direction, we have to be ready if it crosses 10,450. if this happens then we can see BTC to newer high of 14500. in the end i’ll say trade carefully, we can make sweet profit in both trends. if you think that my work worth some appreciation then please follow my telegram channel @harshgpcryptocalls. i share free premium altcoin signals more than 50-70% profit in last month. thanks for your considerations.
by Harshgp
1
No one is talking about this BTCUSDT long-term scenario. 🤯🤯first of all if you are new here then go and check out my telegram channel @harshgpcryptocalls If you don’t like my advices and ideas don’t follow me just ignore. For me, your profit matters. not wasting time let’s start the description. So, currently there are two scenarios present at this time. 1.One is Bitcoin can pump to new high of 14500. (which is highly impossible, but can’t trust the volatility) 2.Second is it can take correction to the 880l level and then enters into a downtrend which can take the price tothe lower level of 4700.(having higher chances) the reason i’ll post in a new 4h chart analysis (i’ll link to this so, don’t worry about detailed analysis) the simple and short conclusion is we’re expecting BTC to cross the levels from breaking resistance or support for new trend of the season. Don’t get trapped in any wrong decision. i advise you to wait and watch for a week. stay tuned happy trading, take care.
by Harshgp
2
EUR AUD longSo what do we see? Fresh touch on a demand zone - no entries until price action has taken place. Be aware the aussie is very strong and very bullish daily candles. From a Supply point we have a great sell off from this point 1.66XX Being a fresh demand zone, we have an opportunity to go long. Looking at the 4 hour, we have a nice area around 1.61 we will wait for to enter. We can see potential 1,000pip trade and will hold two positions. If you enjoy our work, please leave a comment or like. Thanks, Lupa
Long
by LupaCapital
3
NASDAQ Bullish Reversal confirmationHi! I have to look at all possibilities. I can't marry a bias even though I have been bearish of late. Despite all the red you are seeing in the market today. The TA side confirms we have broken the 786 fib AND we retested the TL support. These are two key factors in confirming a uptrend. The 786 fib is important for confirmation of a TREND REVERSAL. This can be confirmation of a new bull market. I know. Despite what is going on in the world. This is crazy. It is manipulated by the fed. But I can't argue what I see in front of me. Alex
NASDAQ:NDAQLong
by Zen-Trades
Western Digital.. Reversing Trend after $50? Short of the Year?Ok looking at the monthly where this is sitting at could definitely have some massive gains for the next WHILE. I personally think this may rally to $50, but after that if it can't hold this could completely break under and once it does... oh boy you could see a downtrend for .. well a while. Let me know your thoughts. This will be a long LASTING trade .. I am not long except for this potential rally. Trade position assuming it does drop out the bottom sooner than expected. IF it doesn't rally a short could be in play extremely soon.
NASDAQ:WDC
by DigitalData
2
AMC Bullish Divergence Potential, but watch the news.NYSE:AMC NYSE:DOW TVC:DJI TVC:NYA All, I am following AMC rather closely, but wanted to post again to cover something I see happening. I am seeing a bullish divergence on the weekly and along with that it has tested support where it current is 3 times. However, in my previous post there are some very strong resistance lines. I can see it making a decent run to $2.40-$3.15. Like I said thought if you are not buying options I think this is a great buy. I highly doubt anyone will let AMC go bankrupt. I actually stand by AMC as a movie, buff nerd and I really think most people will also. Sure they may over charge for popcorn LOL. I think before they go bankrupt they would sell to someone or a big name bank like Chase/Wells Fargo which would not be a bad thing either or some sort of deal. It's a strong industry, maybe not worth as much as airlines or things of that nature, but just my opinion. Not saying it can't drop lower but come 2021 on a long or long term option you should see profits IMO. Reasons to buy: -What I said above -Oversold on basically every timeframe Daily - Monthly -Bullish divergence possible about to happen unless some crazy virus news comes out and busineses are shut down till July. -Coronavirus checks are coming in first wave people may be recouping money and trying to invest in the market to make up for losses -Even if going "bankrupt", they are not the same. A company going bankrupt to due to the coronavirus is perfectly fine IMO in a company like AMC. They literally only make money from people coming in. So any investor or bank will come in and buy AMC and it will take off again seeing as virus is at fault. Also the government can bail them out. -Businesses will be getting relief wave 1-2 soon Reasons to wait or buy a different stock: -News they could go bankrupt if they stay closed for too long (kind of the case for every company) -Virus timeline is uncertain (could drop 1-2 range) -Volume may not be there with the news above so even if it does go up it may be in a drastically lower volume and take longer for a while to pump -Not a long term buyer month+ and want to make other investments for quicker profits.
NYSE:AMCLong
by DigitalData
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb. Thoughts? Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
NASDAQ:AAPLLong
by DigitalData
6
AUDUSD: possible trade scenarioPossible trend reversal in AUDUSD, the price and 9 EMA + 21 EMA indicators are above 50 EMA on 1h chart (which wasn't the case since 10th of March)... Entering the market from 0.58550 price with S/L below 0.56600 and T/P around 0.64660 provides decent R:R opportunity. Keep in mind, that the bias is still bearish, so proper position sizing is crucial. I would like to remind you, that this is not an investment advice (nor any of my previous posts). // Feel free to share your opinion/position via comment and follow me to stay updated.
Long
by GIgor_021
S&P 500 Bearish Engulfing+2 Following Shooting StarA closer look at the month of February shows that we had a bearish engulfing candle + 2. A bearish engulfing candle is one where the high of the candle and low of the candle completely engulfs the previous candles high and low(shown with blue lines) and indicates a potential reversal to the downside. The +2 indicates that the bearish engulfing candle not only engulfed the previous candle, but also engulfed the two candles before the preceding candle as well. February’s low was .10c above October 2019’s low which kept this from becoming a bearish engulfing +3. While this bearish engulfing candle on its own is bearish, a trend reversal isn’t confirmed until/unless we see a price move lower on the following candle(March 2020). If March price moves and closes lower than February’s low it can be viewed as a trend reversal and end of the 10-year bull market rally. February’s bearish engulfing candle comes on the heels of a shooting star candle created in January of 2020. A shooting star candle is a bearish candlestick with a long upper wick with little or no lower wick. Shooting stars appear after an uptrend in price. The distance between the highest price of the candle(top of the upper wick) and opening price(top of the candle body) must be twice the distance of the candle’s body to be considered a shooting star; the upper wick must be twice the length of the candle body. Shooting star candles are most effective when they occur after a series of three or more consecutive rising candles, which this chart shows. We now have two bearish candles on the chart with last months shooting star and this months bearish engulfing, both of which indicate that a top in price has likely been made.
SP:SPXShort
by PrepForProfit
ES1 (S&P500 futures) just topped out!Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown. MACD has given an earlier indication of a drop, after pattern completion. THIS IS a topping pattern, and it is of high probability that the S&P500 topped out. Now waiting for it to continue the downward momentum and break the trend line support. But not before a rather lame attempt on daily charts next week to recover somewhat and reverse down again. Watch for it...
CME_MINI:ES1!Short
by Auguraltrader
trend may have been reversedLooking on the daily chart I can see a nice dubbel bottom. The 2 red arrows are pointing to the two specific candles I really like to see when the chart is making a dubble bottom. Also the rsi indicator has given a overbought signal on the first touch of this bottom. Price moved up pretty strong and for me this looks like a trend reversal. on the left side of the chart you can see a large sellers wick and friday the price has tested this area again. In the strong upwards move from the beginning of september price has broken this area pretty easy and now it looks like a strong support because of the rejection on this level. The candle from last friday will be my oppertunity to trade. I realy like this hanging man candle. As always my entry wil be a little bit above de buyers wick and stoploss will be a little bit below the seller wick. my first take profit point is a erea to take a look at. It could go even higher to recent high or maybe price will create a new high but I think the upper green line is a strong resistance level entry point = 132.116 stop loss = 131.237 first take profit = 134.373
Long
by Jkerssies
BTCUSD - Trend reversal signal just by 3 candlesticks!This short segment is on candlestick and multiple time frame analysis. As a trader or trader wannabe, this is an important lesson that goes a long way. Trust me, it may sound simple but it actually took me a long time to grasp the full concept and then apply it in my trading. This is BTC on the weekly time frame, if you are scalping the market or even just day trading, you don't really need to take reference with this time frame. Large time frame such as Weekly and Monthly are mainly used for position trading and intraday movement don't really affect this type of trading. What confuses me at the beginning was the expectation as to when price movement will occur. Has it even happen to you somebody tells you that you are trading on the wrong time frame? So back to BTC, which enjoy such a good bull run from April to end May, a series of long green bullish candles. On 27 May close, we see a small skinny candle, yes traders should know this is called a Doji candle. What this tells me is the sellers are coming in and buyers are being challenged. One way of intepreting the psychology of those traders that bought BTC at say $5000: "Come on, price is already so high! Shouldnt we be thinking of taking profit already?" Hence, a Doji is an indication of indecision in the market and there is no clear direction. Let's look at the next candle that closed on 3 June, a convincing Bearish Red Candle. Not only is this candle long, it also has no upper tail and look where it closes, covering the whole Doji candle. This is a clear signal that the Bears won and the "Big Picture" (Weekly Time frame) uptrend has ended. Having said that, do I just go in blindly and short BTC? Of course not, there are much to it in trading and alot depends on your trade portfolio and objectives. I am ready for the next move, have you plan out yours? :) Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
BITMEX:BTCUSD.P
by TradeWithWayneYia
EUR/JPY Daily Double Bottom Reversal Pattern? Bulls Ready?I have been keeping an eye out on EUR/JPY after a heavy bearish market this past few weeks and it seems we have hit an area of Daily resistance that has formed a potential Double bottom reversal pattern. There is still 4HRS left of this daily candle being formed but this is something to consider if you are in any shorts trades on this pair. We will be waiting to see what price action tells us in the next coming days after the close of this Daily candle to see if this is a true reversal structure.
Long
by FXEntries
Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out! Trade Details : Entry : 107.950 SL : 107.800 TP : 109.000 Join my FREE trade signal group on telegram & make profits with me now! Link : t.me
Long
by A1Investments
Sky looking like a safe entry with a clear stop/loss.Sky looking like a safe entry with a clear stop/loss. Good risk/reward ratio upwards the 4 hr break level is touched and attacked several times downwards the 1 hr break level is attacked multiple times although there is support from a 4 hr uptrend from the past. There is a current suppression in time from a 4hr downtrend which is in a beginning state of a trend reversal, making up the start of what seems to be an uptrend laddering. Take a stop loss on the hourly break level ( full light blue line) and a safe profit target on the yellow - - - line at 201 sats Good luck ladies and gents
SLong
by stephandh
Uncle Sam Whipped by Nippon USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price breaks below the blue line @109.819 If price does break below the blue line, then bears have taken over the trend and I will short until price reaches the orange zone. Orange zone: 109.5-109.6 Price goal: Fib level 78.6 (@109.385)
Short
by masterylucain