Trendreversal
XAUUSD : Gold Mafia in it's own worldOANDA:XAUUSD
hi , trader's , we started selling Gold from 2000 , and we closed sell at 1940
since 1940 we bought gold twice , now as per price action gold is trading near major resistance of 1985
If price failed to close 4hr candle above 1985 than fair chance that Gold will go down to 1950 area
Price can do fakeout at current level
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Btcusd : Bitcoin sharp price actionBINANCE:BTCUSDT
Hi trader's , Bitcoin after yesterday fed news of interest rate
Price went down with immense pressure and hit 50 ema of 4hr
50 ema support's the buyer's and price went up sharply again
price trading around daily resistance , if candle of daily closes below 28350 than u can see a downtrend for next few day's
vice versa if candle closes above than u can see upward movement to 30k mark , where major resistance can push market down again
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AUDUSD Long TermAUD Weakness will be Over in Near Future.
Bullish Momentum will resume near 0.65000-0.66000 Area.
Wait for Price Action to Confirm Bulls Entry in Order Block Zone.
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved.
Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading.
The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management
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Aarti Industries Stock Analysis: Potential Breakout or Short OppHello traders,
Aarti Industries stock is showing a potential trend reversal from downward to upward on the 1-hour candlestick chart. However, there is a strong resistance level that needs to be broken for a bullish movement. On the other hand, there is a 60% chance for a short opportunity with high profit but high risk . The golden crossover below the current market price may act as a support level. Traders should watch for any bullish movement inside the triangle pattern and bears should exit if there is a breakout from the marked resistance level. It is better to take the short entry before it touches the support level.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market
Bitcoin Next TA: $26k buyers next plan is like Reading Tea LeaveThe Bitcoin price today landed on an important decision zone indicated on the chart above by the yellow horizontal zone at the 19500 range. The support between 19400 to 19600 presents a buying opportunity, with a potential mini bounce back up to the 22k resistance range, possibly reaching 24k. If there is a return back to the 22k-24k resistance range, it is a clear sign to avoid shorting Bitcoin. short term 1hr chart
While the current primary trend is a bear trend, buyers are expected to attack 26k to 28k soon. Time is fluid when the price is in a range, and the entire 15200 to 25300 is a range on a higher timeframe, which requires patience as the buyer's pull-up is not over.
For the primary trend to resume, buyers need a stronger rejection, and the current resistance level is unlikely to hold the buyers if hit repeatedly. The 19400 support is the control line for both buyers and sellers, meaning a deception game is likely to be played by a break to touch the lower blue line at the price range support of 17600 to 16k range, but this is likely a market maker's trick, and a quick reverse up will hit here.
More dump is expected to come to Bitcoin in 2023, but BTC buyers are not done with the pullup. If bears break below 16k, expect a catastrophic dump to hit the 12k range, but this possibility will likely happen by late mid-2023. It is best to buy in percentages if you intend to buy the control line at the current price of the 19500 range. However, it is essential to note that a much stronger support range is the 17600 down to 16k, so be aware that the control line bounce might be short-lived.
Big Breakdown on FTSE 100/ UK 100After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred.
This bearish pattern has broken down now and I AM SHORT at the current levels.
I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000
I don't have a stop loss in place as I think it could put in another confirmation high just sub 8100, which would still keep me bearish. I will close the position if a bullish edge develops
How To Spot A Reversal Like a Pro!Hello Traders,
Spotting a reversal is always a daunting task I know. That is I use a 2 Step Down Timeframe Method to spot a reversal in correct way. I have explained step by step so please watch in full to understand it clearly. Also do not forget to like the video and let me know in the comment section if you have nay questions.
NAS100$NAS100USD NFP had the markets in shambles and unclear of direction today 3/10/23.
Now that the dust has settle i'm looking for a push to the upside in the coming week.
Everyone have a safe and enjoyable weekend.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
US30$US30 NFP had the markets in shambles and unclear of direction today 3/10/23.
Now that the dust has settle i'm looking for a push to the upside in the coming week.
Everyone have a safe and enjoyable weekend.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
Possible beginning of a new bearish leg for SPXSummary:
Main bearish trend (dotted teal downtrend line)
Reversal attempt in progress (purple uptrend line)
200-SMA breakout in jan-2023
Failure to continue the breakout (failed bull flag - orange lines)
Arrow #3 as a good entry option for a bear trade.
Possible beginning of a new bearish leg, aligned with the main trend
Possibility to surpass the last low (oct-13-2022). Set target @3,330.00.
Timeframe expected: 3 to 4 months.
Detailed explanation:
2022 was a very bearish year for stock markets, and prices have navigated under the 200-days simple moving average (200-SMA) for the most part of the year. On the other hand, the first months of 2023 had some attempts of breakout to this widely known indicator.
By December, 2022, prices tried to break-up the 200-SMA, but failed, then pulled back and tried a new breakout in January, 2023, that succeeded and provided some hope for a reversal. Arrow #1 is signaling the top of this bullish leg. After this, prices developed a little bull flag (orange lines) , near a resistance level.
I have been closely following the price movement on this flag, to try to catch a trading opportunity, bullish or bearish. The bullish case was the most evident, and would happen with the breakout of the flag, confirming the continuation of the main trend reversal. But if it didn’t come true, prices could continue on a longer range or even breakdown the 200-SMA, providing, hence, a bearish trade. It turned out that the second case is being developed.
On February 21st the bull flag was undone, by a very bearish -2% candle, then some days passed and the 200-SMA offered a support for the prices, this movement came along with some doubt candles (tiny ranges, long wicks), their in the area near arrow #2.
This arrow points specifically to a bullish engulfing candle, that signaled a possible return of the bull and that the 200-SMA would indeed sustain the prices. After that, a bullish candle confirmed the engulfing pattern, and I considered that now it was a “make or break” situation, that either had to continue with strong buyings or finally give away and return to the main bearish trend (dotted teal downtrend line) .
The second scenario happened, with a classical shooting star candle denoting a top, indicated by arrow #3 and followed by a relevant -1.53% bearish candle. I consider it can turn out to be the beginning of a new bearish leg in favor of the main market trend. If it breakdown the 200-SMA (and the previous bottom, of arrow #2) we will probably be full gas back to the bearish trend, reverting that secondary bullish trend indicated by the purple line.
Predicting the future is impossible, but trading is a probability game, and to my criteria the odds are high enough to make a bet now. So, I started a trade yesterday near the market close. The stop zone is a little above the high of the shooting star candle of mar-06-2023, and my target is @3,300.00, I chose this number considering that this is a movement with the main trend, and that the last low (oct-13-2022) is usually surpassed in this kind of situation.
PS: I know there’s a whole FED policy/interest rates discussion going on, and that it provides much of the ultimate reasons for the market movements I described, but I will stick to technical analysis here and to the principle that the chart sums it all up, hence I considered only price patterns in my analysis.
SEK/EUR Trend reversalWe can see a bullish divergence on daily timeframe. The downtrend has been broken, as the price broke above the major resistance line which can be a possible trend change. The blue path shows potential progression. If the price retests previous resistance and confirms it as a support it would be a confirmation for bulls and the long position can be taken.
Take profit and final target are shown on the chart-
Gold Analysis and Trade Idea for 02-Mar-2023GOLD
As on last day of Feb gold showed trend reversal and was unable to break 1800 sentimental support level, and broke 1830 resistance level. it is a clear indication of bullish trend and this metal will start bullish journey from here. I am waiting for it break 1846 level to go further long or break support level of 1828 to go further short. So until market makes a clear direction i am not going into trade. Generally market is test 1840 right now and it is still unable to break it. so if it breaks it the next level is 1846, 1852, 1859. so focus on these levels before taking any entry. And for any reasons if price can stable under 1828 then it will try to reach 1813, 1798 and 1785 level.
Resistance level:1846 , 1852 , 1859
Support level: 1828 , 1823 , 1813
BTC: Good times ahead?Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future, current price-levels seem to be offering a great opportunity for those looking to accumulate Bitcoins in 2023.
Here's a brief:
- The price for the first time in months has found some respectable resistance(support in this case), and is gradually moving into a nice accumulation phase. This is where we can expect serious buyers to start creeping in to almost secretly take hefty positions at certain levels, neutralising the selling pressure and curb the trend over a period of time.
- Accumulation can obviously go on for an extended period of time, given the strength of the down-trend and the kind of volume required to turn that around. I think we have just entered the same accumulation phase with Bitcoin too, and we can now expect a back and forth tussle between the buyers & the sellers, before one of the parties over-powers the other.
- I'm in the favour of a trend reversal here, meaning my outlook is bullish towards Bitcoin, and that is mainly for two reasons:
1. Higher volumes in last six months or so, resulting in more frequent green candles, albeit narrow ranged ones. This indicates good absorption at recent levels, and a stronger intent from the buyers.
2. Given the volatile nature of the crypto market, this one offers a great upside potential with a manageable amount of risk.
- Technical indicators aren't really giving any strong signals yet, though weekly RSI has moved up by about 50% in last month or so, we can expect it to cool down a few times before it actually locks in with ADX & Stochastic(I use these three in conjunction, but one should see similar convergence with other indicators too).
Final Note:
- This is just my personal opinion, please do not consider this as a financial advice.
- This is a long-term trade, which can probably take several weeks to unfold.
- Go slow & steady, mark your levels, and have fun hunting!
CABLE H&S UPDATECABLE has been very interesting lately. Sterling has surprised with decent data but the overall outlook for the sterling fundamentally remains the same, the market is expecting one more rate hike.
The strong data however is creating a very RANGY environment for this pair. We saw this when the last bearish move was RETESTED all the way to the 68 fib zone.
My bias on this pair remains BEARISH however, and i believe that the USDX will continue to control the OVERALL DIRECTION of this currency pair. From a short term standpoint we can see a HEAD AND SHOULDERS pattern forming, with the HEAD being the afformentioned 68 retest of our bearish momentum. this is a strong indication that the pair will continue to move downward, so long as our NECKLINE is protected by price action.
Look for a formation of a RIGHT SHOULDER here potentially coming, before the true trend takes over.
Trail your stops on this pair folks it has been swinging back and forth and i expect it to CONTINUE to do so.
DOW JONES (US30) BULLISH SETUPCURRENCYCOM:US30
HI , TRADER'S , OUR LAST ANALYSIS OF SELLING US30 REACHED TP
Now is bit in Over Sold area, So possible that market can retrace From here
Our short term Buy Target will be 33330 area where 20 ema waiting
As market is Trading in falling wedge , And falling wedge is bearish reversal pattern
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USDJPY M15 UPDATEUSDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area.
Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL TRENDLINE on our h4 chart is very highly likely. Look for another rejection of the upper channel and subsequent bearish momentum candle for short entry.
ALTERNATIVELY, Swings can safely be resumed around the bottom of the channel, near the 133 zone.
Some traders MAY mislabel this pattern as a HEAD AND SHOULDERS, although the structure is similar, labeling this pattern as such can cause confusion as the price action could easily retest and return to the top of the channel. NECKLINE of a "potential" Head and Shoulders pattern has been drawn to illustrate the break of the neckline and the invalidation of said pattern.
Remember traders, keep it simple, trade what you see, dont over analyze
Trading as per price action and Fibonacci - 178 points captured BTST trade carried based on S/R levels as per the Option chain, further identified "M" pattern in smaller time frame to have a view for trading. Was able to confidently carry the trade on weekend as per the support level and was sure for gap up opening today on Monday. Full video of this trade is already uploaded in part 1 & 2.
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