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Trendreversal

AAPL, Can become the market savior? Can Apple become the market savior? Is it able to help the panic to be over? Lets follow ! Previous Monday we saw the large money inflow by hedge funds which pushed it back to positive territory after near 5 % fall in NDX 100 , then panic returned to the market after J erome Powell's speec h and finally exceptional earning report of Apple brought the positive sentiment back to the market ! Can Apple continue the bull run? Lets follow !. After making a new ATH at 182.9 and exceeding the 3 trillion USD market cap , AAPL started a corrective ABC from of decline down to 154.70 low where it found a support which was really strong. As shown on the chart, this strong support formed by : 0.382 Retracement of wave 3 , 0.618 Retracement of circled wave V and static support corresponding to top of circled wave iii . We can add also 100 days moving average to see the support even stronger. In broader view, AAPL is possibly completing wave 5 of a wave cycle started at 103.1 on 21th Sep 2021 . This final wave 5 may push the price up to around 200 USD . Going through details of this wave cycle, We find out we have an extended circled wave v of 3. This wave 5 extension happened for many other stocks like MSFT and AMD and indexes as well. In upper left side of the chart, I showed a schematic drawing of an extended wave 5 and it's typical related Retracement amount and pattern. As it is clear , Apple beautifully resembles this pattern . Another supportive point for the analysis !. What is shown on the chart, is normal scenario. There may be some more optimistic and pessimistic scenarios whit higher and lower targets but, We just kept them away from the chart to make it clean. Should it need any update, We will do it later. Stochastic indicator has made a bullish reversal at oversold zone , Body of last candle well closed above the down trend line and is now inside the territory of decline form ATH to 168.17 which may be wave A of the possible ABC form of correction which is another positive sign. Despite all above positive and bullish signs , AAPL may choose completely different path than we are expecting therefore, we have to set our stop loss objectively ( Which is the last formed low at 154.7) and stick to it . We know after an ABC form of correction, Stocks can take many various complicated forms. We do not know how market continues it's path however, we can see the signs, make our analysis and take a position. If somebody fears of taking a long position ( of course with an objective stop loss) for this setup because of bad news everywhere or panic , he/ she would better to leave the world of trading. Risk is always is with us in trading and the best thing we can do is to manage our risks. Good luck every one and wish you huge profits.
NASDAQ:AAPLLong
by SaeedSajedi
12
Watch COIN - buy calls for pre-earnings riseThis is an update to previous chart (linked). I am looking at strikes between 250-280, 18Feb expiry. Price should drop into "buy zone" if cryptos crash (this week). The red dotted line is also marked on previous chart. I think buyers will rush in and move price back over the line, and I do not know if price will actually come all the way down into the buy zone. So if on 30m chart I see signs of bottoming or trend reversal, I will buy a small call position. 18Feb expiry - using less capital - gives me time and comfort to hold for an upwards reversal.
NASDAQ:COINLong
by OptionsRising
EURUSD & US dollar Index (H4)On the top chart, price has cleared through support that has been holding for some weeks now for the US dollar. Current trend is making lower lows & highs as well. I am looking for the DXY to form a lower high & retest broken support as new resistance, where I will be looking for price to resume the downtrend for a new potential lower low. Vise versa with EURUSD, price last week cleared above the resistance structure of the downtrend that has been holding for some weeks now, forming a higher high & breaching the descending trendline. I will be looking for EURUSD to retest previous resistance as new support, forming a higher low. After proper confirmation at the zone of interest, I will be going to the lower timeframe (2 hour timeframe), to look for signs of a reversal that EURUSD will resume the current uptrend for a new potential higher high. Thank you to all my supporters & lets have another great week ahead! :)
by Profound_Ambition
BTC trend reversal, BTC scenario I'm expectingI expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally. At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/. As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th 2022. It was September low and our double bottom. In coming days I expect Mini double pattern plays out and causes to falling wedge breakout with retest. The blue line shows the path I think BTC will follow. What about coming death cross, I think it will be fake out. MACD bullish cross with the pump is coming))))
Long
by ergal91
GBP / USD 1.35754 - 0.07 % SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / DOLLAR PAIR. * The PAIR is currently trading in an descending channel but seems the channel now consolidating in a ascending channel within this structure. - Short term the pair has currently entered an up trend as WE broke above on the 4h chart. - There is a supply zone that the pair is currently testing as we see the formation of a double top in this area. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
Bitcoin lost the 46k support, now tests the 40k support region!First of all we stay macro bullish and believe in the blockchain technology that is the underlying technology of crypto currencies. Therefore we have a bullish bias but still try to give you an objective overview. Bitcoin tests the 40k region support indicated by the dark green line. We are currently in a downtrend and lost the crucial 46k support where also the 200MA could have acted as support. A potential deathcross between the 50 and 200MA is looming and the overall volume keeps dropping. All this is very bearish. On the flipside we have an RSI around 30 and a fear and greed index that points to extreme fear for several weeks now. This more often than not indicates a trend reversal. Also 40k is a well respected level considering the last 360 days. So could we go lower? Of course! But we believe that enough blood has been spilled and that we will see an uptrend within the next weeks to come. Keep in mind that often times we feel doomed or the opposite invincible, this is the time we are wrong and reversals happen. So ask yourself how you feel and what it means. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
by tumbler55
EURUSD Bearish Divergence and Shorting Chance Hi as we can see this pair had shown a Bearish Divergence with MACD which is a sign of reversal and bearish trend to start and fall of Euro which i have specified it with Blue Arrows on MACD and Price i have used Fibonacci Retracement Tool to forecast its fall and Specified the Fall Depth with a Green TP zone i have also specified a SL line around 1.25 which is a good enough renege zone and free play space for the upcoming Fluctuations if any please comment your ideas and opinions
Short
by BitonGroup
13
US10Y-D1/W1- TREND REVERSAL CONFIRMED !TREND REVERSAL CONFIRMED ON THE DAILY CHART !!! Price action, acceleration upside move, seen over the last couple of days confirmed the trend reversal, calling for higher levels.(Pullback failure attempt) Indeed, the former daily downtrend line resistance has been broken and has also been confirmed by the Chico.span price action. RSI above 50 @ 69 Only a clear breakout of the 1,5950 would put in danger the expected bullish (yield) scenario. WEEKLY (W1) The weekly downtrend resistance line in progress to be broken (confirmation would be given on a weekly closing basis tomorrow and also by the closing level of the Chikou-span which is currently in progress to also breakout this downtrend line resistance. Ironman8848 & Jean-Pierre Burki
TVC:US10YLong
by Ironman8848
A BULLISH MOVE IS BEING EXPECTED IN CARERATINGCARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CARERATINGLong
by alokdaiya
Bullish Engulfing PatternGood Morning! What a great weekend! Futures opened with a slow melt up to an overnight high of 4723.25. The daily formed a Bullish Engulfing Pattern. Day2 opened lower than Day1 Close Day2 body engulfs Day 1 Day 2 Bears controlled price in morning Day 2 Bulls decisively took over price into close White has small upper wick, price closed near its high price suggesting EOD price surge. I'll be cautious of Trend Reversal around the pivot 4704/4705. With FOMC on Wed and Quad Witching on Friday There may be enough Sell pressure to form several black candles over the next few days signaling a Trend Reversal. Gamma/Derivative experts confirm a new gamma floor around 4700 on Dec 8th suggesting we are in the left shoulder of a larger H&S pattern that could form with a strong xmas rally into the new year. Vanna flows continue to be strong in the mornings providing the needed liquidity to create big movements up and down. This suggests using large stops as the price will continue jolt up and down (as it just did at around 6:40am this morning). This week I plan on studying more Order Flow and will begin to include some levels in the days to follow. As always, Hope for the Best, Plan for the Worst!
CME_MINI:ES1!
by SPYvsGME
1
Cardano dropped down to long term support. Good entry pointCardano tests the longterm purple support line which currently sits around 1.3$. The support line around 1$ could be tested before we get a trend reversal back to higher prices. Sundaeswap released its beta and did show that swaps are working on the cardano blockchain. Once the bugs are fixed we expect the ecosystem to grow at a rapid pace. The RSI is barely above 30 and therefore very low --> Good entry point. We expect Cardano to hold the 1.3$ line (or at least the 1$ line) and begin a trend reversal back up. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
Long
by tumbler55
BTC - D1 - REMAINS UNDER DT INFLUENCE !DAILY : DOUBLE TOP IN PROGRESS STILL ALIVE As mentioned in my previous analysis (see related ideas below), the recovery which took place recently was only a corrective move in a broad new bear trend which started @ ATH 69'000. Indeed, the ongoing double top formation is still intact and a daily closing below its trigger level (@ 57'500) would be the first warning signal which would confirm this bearish formation, calling for a target @ 46'000 The clouds, once again worked perfectly well in rejecting the upside breakout and I will strongly suggest to monitor carefully price action around the clouds as failure to hold above the daily clouds will be the second signal calling for further downside and a move towards the psychological 50'000 first, ahead of 46'000 previously mentioned. Look also RSI price action which continue to converge to the downside in being below the 50 level. WEEKLY : LAST WEEK PRICE ACTION TRIGGERED A BEARISH ENGULFING PATTERN ( Long black candle) !!! On this time frame the next significant support is @ 54'295 while on the upside the next important level to look at is @ 60'000. In order to neutralise the ongoing downside price action on this weekly time frame, BTCUSD should recover at least above 62'100 which if occurs, would trigger a "PIERCING LINE PATTERN", which would be seen as a reversal signal in this weekly time frame. IMPORTANT LEVELS TO WATCH ON A WEEKLY BASIS ARE THE FOLLOWING : 54'295 62'100 INTRADAY - 4 HOURS - KIJUN-SEN UNDER ATTACK !!! On the intraday, 4 hours picture, the Kijun-Sen @ 57'368 is under attack and a failure to hold above it on the next closing observation would also be a warning signal for further downside; on short term a move above the MBB, currently @ 58'205 ahead of TS (@ 58'450) would temporary slow the current bearish move and reopen the door for the psychological and important resistance level of 60'000 which should really clearly be broken and if it is the case, that would force to a view reassessment of my still bearish expected scenario already detected a couple days ago. Do you like, the way I work in explaining my views ? If it is the case, please do not forget : 1) to like it 2) to add Ironman8848 in your following list, if it is not done yet :-) 3) write a comment or remark which will be welcome Have a nice trading week and all the best. Take care Ironman8848
GEMINI:BTCUSD
by Ironman8848