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Reversal

TMV leverage inverse ETF for treasuries SHORTTMV on the one-hour chart tested two standard deviations above the mean VWAP in both late May and early July it fell to one standard deviation below VWAP but then rose sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high. I believe that this is due to the recent federal debt creditworthiness downgrade. The threatened rise of BRICS reserve currency and potentially adversely affects the value of the dollar ( DXY) while supporting gold prices. I see this as a good continuation play no matter the overextension of price. Both the dual MTF and the zero lag MACD however suggest a pullback. The mass flow indicator does as well. As a result I will look at TMF to go long trusting the indicators to give me a directional bias.
AMEX:TMVShort
by AwesomeAvani
TMF ( 3X Treasuries)beatdown completed reversal underway LONGOn the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally completed its downtrend or ten days given more bearish momentum with the federal debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency. Three indicators show bullish divergence with a MACD cross under the histogram. The 30 minute RS line rising before the 2 hr RS line reacts and importantly a mass index signal rising into the reversal line and then a drop. While none of this is a Holy Grail, I am confident that the bias here is bullish. I will trade long if you are interested in the stop loss and targets let me know. If you would lke my idea of an options setup, let me know as well. If this idea is helpful, please like and subscribe. Trade well !
AMEX:TMFLong
by AwesomeAvani
BTC - Critical Period / Zone ahead of NFP ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. 📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend, forming lower lows and lower highs. In the past, BTC broke two major lows, which were marked in gray on the chart. 📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500. 📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
30
USDCAD - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.345 is a supply zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline. As per my trading style: As USDCAD approaches 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
by TheSignalyst
7
SOFI Swing Trade RecapSOFI as a fin tech company has been volatile. Besides the issues of student loan forgiveness, the federal adjustments of the intrabank overnight rates and inflation inparting the budgets of its customers, the landscape has landmines and its litterd with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some greed competing against fear with traders. I took a trade and the closed it on earnings. Here are the particulars. !. the 30 minute bare chart is overlaid with a double set of Bollinger Bands. The settings are not the default. If you want them, like the idea and then ask. A linear regression line with a period of 28 is added. The volume is underneath. Finally a MACD indicator in a lower pane. 2. For the entry, on July 27, late in the session, price fell outside the lower bands and then came back inside them after printing a red Doji bar and a little surge of selling volume above the running mean. There it was a simple easy entry. Price crosses over the regression line. MACD lines crossed under the histogram. 3. The swing trade progressed and price action progressed. On the mornings of the report release traders were freaked out. Was the beat good enough ? Volatity was over the top. after a bit of a drop, volume came into the trade in a big way and price followed the lead of volume ( serious money flow). Price shot higher and got beyond those BB upper bands with hugh volatility topping wicks. Once price got back inside the bands I exited. 4. This trade yielded more than 25% in 3 day pretty good for just a little effort. Of course stop loss was moved every time a 2% rise occurred the stop loss was moved up 2.2% getting closer and closer to price gradually. 5. Price dropped into a full pullback within a couple of hours. I would have liked to play the downside but I was overextended on the number of trades I was managing. 6. As an afterthought, price is now doing what is called a lower bollinger band walk, That is to say, it is increasingly at risk to reverse and start uptrending. Price is under the middle BB and a little under the mean VWAP. It is begging to reverse. I am waiting for an entry on that and the wait will not be long. ( By the way a certain someone, you are a smart trader and you will most certainly know I uploaded this idea for you).
NASDAQ:SOFILong
by AwesomeAvani
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at the end of the price action show the reversal is impending. I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
NYSE:SQLong
by AwesomeAvani
GME fell. Can it get back up? GME on the one hour chart fell over a week from July 27 until earlier today. The fall has heavy selling volume this morning followed by a flip at the lunch session into buying solume above the running mean. Similar findings are on the volatility indicator. The MACD has a cross under the the histogram as price momentum shifted from bearish to bullish. Price has crossed over one of the lower VWAPs in early vWAP uptrending. Overall, I see this as a long setup. With the market drop today, the volatility gryration tomorrow is a likely reversion to the mean. This should lend support to the reversal on GME. My target is the green POC line of the volume profile at 21.18 with a stop loss of 20.25. Once underway with the stock trade if good movement is seen I will take an options contract or two with one day to expiration.
NYSE:GMELong
by AwesomeAvani
BTC - Market Structure Setup 📚Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find BTC chart interesting as it has been following the basic laws of market structure. So let's keep it simple => K.I.S.S. Keep it simple, samurai ;) 📈 As long as support at 28750 holds, we can anticipate a bullish movement on BTC. This bullish scenario would be confirmed by a break above the last minor high in red, approximately at 29300." 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
ZYXI reverses from whipsaw volatility LONGXYNI is now ready to reverse long. I analyze this because ZYXI has dropped from overvalued and overbought through the fair value zone into undervalued territory in three trading days by viewing the anchored VWAP bands and the volume profile, The mean VWAP and POC line are confluent at 7.25. This is the logical first target. The MACD lines are negative 4X the amplitude of the the negative histogram on the 2H and impending cross. The mass index is a sensitive signal of reversal potential is about to trigger and probably has done so on lower time frames. I will take ZYXI long with a good entry to be found on a 15-30 minute the time frame when I get an alert that it has crossed over the hand-drawn resistance trend line. I am expecting 8% before the first take profit target and 12% on the overall trade over the next 5 trading days or so. A modest profit for low risk, I think. Anyone in faraway places from the Wall Street market manipulators and FDA, this one is for you.
NASDAQ:ZYXILong
by AwesomeAvani
4
GOLD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GOLD has been overall bearish trading inside the falling broadening wedge in red, and it is currently approaching the lower trendline. Moreover, the 1935 level is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline. As per my trading style: As GOLD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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
OANDA:XAUUSDLong
by TheSignalyst
2
CHFJPY - Wait For The Bears ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart As per my last analysis (attached on the chart), CHFJPY rejected our 158.5 support and traded higher. Now CHFJPY is sitting around a strong supply zone so we will be looking for sell setups on lower timeframes. on M30: Right Chart CHFJPY is forming a potential double top pattern but it is not ready to go yet. For the bears to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the sell is activated, CHFJPY 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
EURCHF - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart EURCHF is overall bearish trading below the red trendline so we will be looking for trend-following sell setups on lower timeframes. on M30: Right Chart EURCHF is forming 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 sell is activated, EURCHF 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
Short
by TheSignalyst
4
FORD fell after good earnings - now reverses LONGFORD on the 2H chart double topped in mid July and then descended as it had reached the second deviation line above the mean anchored VWAP. It continued the fall had a bit of pre-earnings run up and then paradoxically fell with very decent top and bottom line earnings. If you know why please let me know. After earnings and the fall, FORD reached the long-term mean VWAP and reversed as can be seen on lower time frames. I see this as a VWAP bounce, the favorite place for institutional traders to make their trades. A volume profile and its POC line find the highest trading volumes of the time interval. the MACD and Price Momentum Oscillators are confirmatory with reversal signals. I will take a long trade here. The stop loss will be 13 below VWAP. Targets are 14 (25%) 14.5 (50%) and 14.85 (25%). This is a simple trade with $0.25 risk which will be eliminated once price gets to $13.5 making it risk and stress-free. I have an options trade in mind. Comment if you want my specifics.
NYSE:FLong
by AwesomeAvani
3
NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020 we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards SP:SPX NSE:NIFTY Thanks a lot for reading...
NSE:NIFTYShort
by peace_lover
6
UPST mid-term VIEW Pre Earning LONGUPST on the daily chart with 2022-2023 in range shows a downtrend of more than 70% and now a round bottom reversal. The volume profile shows the high volumes of the high volume area which is relatively thin and mostly below the current price. That is to say, UPST has a lot of volume voids to fill on its way back to $162 . The Triple EMA ( 200,100,50) shows a convergence over a long interval followed by the reversal and now divergence. The MACD indicator is upgoing as are the trends of the dual RS lines of the RSI indicator. I see this as a long swing trade or investment while UPST is awaiting earnings next month. For targets, I plan the red lines generated by the volume profite and so $94 and $161. UPST is on my current favorite stock list. My current holding includes an option striking $51 for 8/4. I will roll that option over about 8/2 to avoid time decay. Additionally, I will buy another option striking $75 and expiring on 9/15 costing about $950 at the market price with the bid/ask spread of about 4%. I expect the combined two call optins will yield on average 5-7% per trading day and may hold them through the earnings period. The only downside risk is that an earnings beat is somehow already priced into UPST and that the momentum will decelerate and fade. Buying the contact cheap and out of the money seeks to manage that risk.
NASDAQ:UPSTLong
by AwesomeAvani
25
CHFJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CHFJPY has been overall bullish trading inside the rising broadening wedge in red, and it is currently retesting the lower trendline. Moreover, the blue level is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline. As per my trading style: As CHFJPY is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Long
by TheSignalyst
7
TSLA Weekly Longterm Pre-EarningsTSLA on the weekly chart appears to be in a widening and ascending channel somewhat suggestive of a megaphone. At the same time it is below heavy resistance at 360 which is the same level as two standard deviations above the mean VWAP line anchored back to November 2021. The resistance zone is the highs of November 2021 and late March / early April 2022. The double RSI indicator shows RS rising on the higher monthly time frame slowly and steadily while the RS on the lower daily time frame has peaked at 88 and fallen below 80 consistent with bearish divergence. The zero-lag MACD indicator shows the lines perhaps impending a cross at an amplitude well extended above the histogram. Price is high in that widening ascending channel. Overall, I conclude that TSLA is a hold right now as it could be impending a significant reversal in the weeks ahead. A hold would mean not to sell existing positions nor take new positions for the time being unless one is an intraday or short time frame swing trader or stocks or options. With an earnings report impending, TSLA volatility is likely to jump in one direction or the other.
NASDAQ:TSLA
by AwesomeAvani