GBPJPY Head and Shoulders Trend Reversal?-Since my last analysis of GBPJPY, the price has rejected the 130.581 level, which was noted as a possible outcome.
- A nice inverse head and shoulders pattern has emerged on this pair.
- The distance between peak of inverted head and right shoulder is around 310 points, therefore from the breakout of the neckline early this morning, we can expect the price to push a similar distance to the upside.
- This movement would also bring the price to the previous resistance of 135.268.
- RSI on the 4 hour time frame stands at 69.53, so, in the short term, we could also see a retracement to, and retest of the neckline before continuing an upward trend.
I hope this is an helpful analysis; please share your thoughts and opinions!
Trendreversal
Bounce From Support and Breakout from Downward Channel495-500 level proves to be a strong buy level and thus support, which it has bounced from in the past. (Outlined by green shaded line).
When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this channel.
These factors could mean a good trend reversal (long) setup, also with a good risk/reward if it goes to test the 580 resistance levels as it previously had.
What are your thoughts?
Solarwinds Corporation short after bounceback from resistanceHistorically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears take over, make sure to go short!
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Bottom Head & Shoulder, 80% Sell OpportunityChart Patterns: "Bottom Head & Shoulder", "Range Double Top"
Candlestick Patterns: "Pin Bar" & "Engulfing"
Entry price: 1.09670
Stop Loss Price: 1.10250 (58 pips)
Take Profit Price 1: 1.08865 (80 pips)
Take Profit Price 2: 1.07830 (184 pips)
Estimated Duration: 1-4 Days
Probability to Meet Target: 80%
S&P 500 is in an EXTREMELY CRITICAL STAGE!SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend.
As I have stated in my two previous posts, I have a strong belief that the downward trend will continue after this consolidation and that we could see new bottoms soon. If you want to know why I believe so, take a look at my previous posts.
In case you are interested in shorting the SPX, I have drawn a relatively safe entry point (1) to the graph. In case you short, I see it suitable to apply a stop-loss level (2), in case the upwards consolidation would still continue.
BTCUSD - Trend-reversal Today. Price Technical Analysis #70Market in last 24 hrs
- BTCUSD price moved almost 9% between between $9,270 and $10,080
- Price at time of publishing: $9,990
- Price crossed important resistance level of $10,000
- BTC’s market cap: $182 Billion
Today’s Trend analysis
Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and a trend reversal is possible.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
spx500Spx500 8h -Bearish possibility - Enter off LH which is also right shoulder. Already hit the 61.8 fib level at last high and rejected. Currently 200MA is acting as resistance. LH on macd, divergence starting.
Bullish possibility - Stop loss below last low, market structure says bullish. Strong bounce off the lows.
BTCUSD - Trend Reversal Today. Price Technical Analysis #61Market in last 24 hrs
- BTCUSD price moved in a range of +/-100 around yesterday starting price of $7,660
- Price at time of publishing: $7,730
- BTC’s market cap: $149 Billion
Today’s Trend analysis
Price should see a trend reversal today. Oscillators are mostly neutral but with a stronger bias towards sell side. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon.
Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Downtrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 66
- ‘Moving average‘ indicators indicating buying opportunity
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Time to turn back as Rcovery C of EUIt's time to reverse to be bearish. In my opinion, t's gonna be, Recovery C (maybe impulse wave) of Recovery A.
As my idea, white zone is for SHORT and, for the TP, you can stop at the point of the green line.
I hope my idea will be helpful for you. Thanks for your interest. *_<
Confirmed Trend Reversal - Needs to Break $7.90 and retest itAll,
Upwork is definitely in an uptrend for now on the 1H etc. We have to confirm on a higher timeframe that it holds above $7.90 level with a re test. You of course could get in now, but absolutely make sure your trailing stop loss is 5-10% below the uptrend bottom support. Once it breaks it could be the start of a longer uptrend that could go on for weeks.
REMEMBER UPWORK IS A FREELANCING COMPANY. People work from home...
Momentum trumps aberrations; gauging power ahead of the resultsA week ahead of the results, the energy-centric company took a toll in lieu of the last trading session's underlying event. However, that doesn't deter the pent up short-cycle orders the company has been reaping on for the last few years. This alone can become a pivot of sustenance against the competitors. Now, pit this sentiment against the global cues of the principal sector and you'll get mammoth of momentum coming up.
In this respect, we have spotted a constricted demand and supply zones on a swing time frame. Beyond those, to absorb the volatile triggers on either side, we have spotted two crucial supports and one resistance, synthesized with volume cluster analysis, as the peak potential for this particular idea to be closed on or before the earnings.
Further, to capture precise entry's near the marked important levels we are using an Indicator that combines CCI limits with ATR smoothening. Open to interpretation this back-handed trick can open several interesting opportunities.
Retest of Key Support LevelsLet me be clear that I am still overall BULLISH on gold in the long term.
With the recent high volume of buying we've seen over the past few days, the rally is not being able to sustain and has slowed down immensely around the 1710-1730 levels. It has formed a top at these price levels.
The buyers are slowing down and I expect a brief trend reversal to the downside to retest one of these key support levels, most likely 1680 or 1645, before breaking back to the upside.
The upward trend shown by the red line is indicating that price is close to breaking this trend line.
Thoughts? Make sure to follow for more!
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.
Bulls are getting tired!!!Double top at strong 1640 resistance level (dotted red line).
High volume with no significant price change (circled in red). Prices stagnant over the last 24 hours.
Bearish divergence on RSI (solid blue line).
Consolidation triangle between solid black lines.
Price level testing the 50 exponential moving average (solid purple line) and looking to drop below.
Consolidation on volume based price (circled in red).
Thoughts?
MFA Launch Pad Coming UpSo I have an option on this for 4/17 strike price $1.30 aka passed it. Regardless this stock clearly is a result of the virus not of the company. I think you will continue to see big results from this stock over the next weeks/month if not longer.
Of course the virus news highly dictates real estate.
NYSE:MFA
NYSE:DOW
TVC:SPX
Are we seeing signs of a trend reversal on EURGBP?I believe it's possible for us to see a trend reversal soon, but I cannot yet tell, what I can tell is that we are likely to see a small bounce off of this level.
We have some strong support right below it, which I believe we will be hitting soon before bouncing from.
What we could see right after is big green candles with big volumes, which would be one of the many indicators that we will have to look for to confirm a trend reversal.
Leave any thoughts below on the comments.
cheers,
tonite
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.