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Trendreversal

ZS short term upward reversal. ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196. If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit Example of a possible trade is shown on the graph. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:ZSLong
by hermes_trisme
🔥Ethereum's Tightrope: Will the Bear Flag Break? 📉 Levels 👀 🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about $3,307 could be the first resistance test. The golden ratio at 61.8% retracement, $2,823, is likely to offer considerable resistance. The 100% retracement at $2,039, marking a full return to the start of the price move, might serve as a strong support in a sustained downtrend. 🔵 Resistance Levels: The 'Shibunacci' blue lines indicate potential resistance points, with the highest at $4,451 signaling a significant barrier. 🔴 Support Levels: Marked levels hint at possible support zones, with the bottom level at $1,521 suggesting a pivotal area for bears. 📈 Price Action: Ethereum’s movement within the bear flag and around these key levels will be critical to monitor. 🔄 Indicator Analysis: 'Shibunacci' uses pivots to visualize support and resistance, and price crossing these trendlines could indicate breakouts or breakdowns. 🔮 Potential Outcomes: A break above the bear flag and past $4,451 might change the trend narrative, while a rejection and a drop through supports would confirm the bearish sentiment. 🕵️‍♂️ In essence, the 'Shibunacci' provides a mathematical approach to market pivot points. The bear flag points to a possible downtrend continuation, but price action near Fibonacci levels and resistance/support will offer clearer signals. Traders should also consider volume and other indicators for confirmation. 🛑 For a short, a stop loss could be considered just above the bear flag pattern or the nearest 'Shibunacci' resistance level to minimize potential loss if the trend reverses. 🚀 If the price climbs above $3,600, scalping opportunities may arise, taking advantage of smaller upward price movements while maintaining tight stop losses to protect against sudden declines.
INDEX:ETHUSDShort
by Shibunacci
DAX (DAX Index): Waves of uncertainty 🌊DAX (DAX Index): XETR:DAX We recognize that our analysis might diverge from other analysts', but our assessment clearly indicates that the DAX is currently in an overarching Wave 4, visible on the weekly chart within a multi-year scenario. This holds unless we surpass the 18,000 level. If we move beyond 18,000, a reevaluation and recount would be necessary. Until then, we anticipate a decline in the DAX over the coming weeks, months, and possibly years. The exact timing, whether it rises or falls, cannot be pinpointed to a specific year. However, it's important to note that as long as the DAX doesn't exceed 138%, or the 18,000 mark, we expect to be in an Expanded Flat scenario. This aligns well with our expectations for Wave C or the overarching Wave IV, which should fall below Wave (A), fitting the pattern where both B and C waves overshoot in an Expanded Flat. Examining the 4-hour chart, we encounter the same scenario. Without flipping this key level, no significant change is expected. The 1-hour and 4-hour charts suggest an imminent rise, not immediately obvious on the daily or weekly charts, predicting a climb to around 17,500 euros before a downturn in the DAX. We do not anticipate an immediate reversal today or tomorrow but expect a final upward impulse before a corrective move downwards.
XETR:DAXShort
by freeguy_by_wmc
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started. Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:QQQShort
by hermes_trisme
NIFTY DAILY - 5/3/2024Nifty open with negative note and rangebound throughout the day. Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears. Index find immediate support at 22303 level and resistance will be 22520 level. This suggests caution and the need for careful decision-making in the current market environment. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
SMX: Attempting Trend Reversal with Triple Bullish DivergenceSMX (Security Matters) has been in a severe downtrend for quite a while now, but it should be noted that the float on this stock is quite low and that it would be quite easy for this stock to be pushed up significantly higher if any sort of demand were to appear. At the moment, we have Triple Bullish Divergence on the MACD and developing RSI Bullish Divergence as it attempts to break free from a down trending trend line. I think it could possibly reach $8.00-$22.00 if this turns out to be a bottom as that will align with the 50% and 61.8% retraces, though I'd be looking for this move to happen sooner rather than later. I won't be spending too much money on the entry of this trade, but I will be getting a couple of thousand shares at the most.
NASDAQ:SMXLong
by RizeSenpai
1
Trend Reversal - ABFRL📊 Script: ABFRL 📊 Sector: Retail 📊 Industry: Textiles - Products Key highlights: 💡⚡ 📈 Script has taken support near 224 level. We may see trend reversal from here. 📈 Upside we can see 245 , 250 level with support of 224 level. ⏱️ C.M.P 📑💰- 228 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:ABFRLLong
by radha_23
Using Multi-timeframe analysis to make better trading decisionsTrading on multiple timeframes can significantly improve your risk-reward ratio, regardless of what TA technique, you are using. Let’s look at the recent example (SPY ETF) Third week of February started with a strong sell-off (Monday-Tuesday 13th). Price retraced >50% of the previous move, signaling potential trend reversal. At this point market Bears started scouting for daily low high to enter short trade. They received signal on Friday 16th when price broke previous day low. A short trader, who trades only daily chart, would enter this trade at Friday close with stop-loss slightly above daily high and 1st profit target near Tuesday low. This setup provides a decent risk-reward ration >2. There is also a chance that previous low will be broken and price will fall even further, adding to profit. So taking this trade makes a lot of sense. On the main graph to this post you can see how it developed. Price has not reached our profit target, reversed and made new high. Trade got stopped-out. Even if trader was using trailing stop (stop moved slightly above each new day high) this would not have saved him from huge overnight price jump Could have the trader done better? Yes, if he had zoomed into lower timeframe and monitored price action there. Here is what we can see on the 15m chart. (boxes show hourly candles, color coding matches hourly wave direction, you can read about how waves are constructed here ) Bearish reversal pattern shaped on Thursday- Friday. It is not an ideal triple top but there was a clear weakening of upthrust. Also, on Friday morning price broke previous day low, a sign of an increased bearish strength. Basically, at 21.30 (UTC+1) short trader already had enough evidence to enter trade. He could have done it w/o waiting for day closure. This would have already been a better entrance than in the first scenario. After entering the trade, trader could start monitoring for continuation. Tuesday was clearly bearish but on Wednesday there were multiple signs of shift of control. Firstly, price was able to set hourly higher low. Secondly, bearish wave was progressing very slowly. Finally, there was a 15 m equilibrium (end of Wednesday RTH) that resolved convincingly bullish. At this point a reasonable trader should have closed his trade without hesitation. This would not be a great trade still, but it will be a profitable one, with risk-reward 1.7 . It is nearly impossible to achieve same results looking just on the daily chart. Disclaimer I don't give trading or investing advices, just sharing my thoughts
AMEX:SPYEducation
by hermes_trisme
The Dawn of a New Bull Season: BNB's Breakout Towards the FibonaThe Dawn of a New Bull Season: BNB's Breakout Towards the Fibonacci Golden Zone In the ever-evolving landscape of digital currencies, BNB is currently at the forefront of an anticipated market trend, hinting at the beginning of a new bull season. This potential shift comes after a period where BNB, unlike its rivals BTC and ETH, which have successfully surpassed their Fibonacci Golden Zones, struggled to establish a solid foundation for a bull run. However, the tide seems to be turning for BNB, especially with its valuation against Bitcoin showcasing a significant breakout from its previous downward resistance. BINANCE:BNBUSDT Couldn't Hold Its Support while BTC and ETH did Hold Navigating Through the Bear Season BNB's path through its bear season has been markedly different from that of BTC and ETH. While these cryptocurrencies have managed to breach and advance beyond their Fibonacci Golden Zones, BNB has grappled with establishing a consistent bull season support line. This struggle has been a point of contention for BNB, underlining the significance of its recent move towards the Fibonacci Golden Zone. BITSTAMP:BTCUSD Broke Its Fibonacci Golden Zone BINANCE:ETHUSD Broke Its Fibonacci Golden Zone A Shift in Market Dynamics The landscape is now changing for BNB. Its recent breakout against Bitcoin's valuation marks a pivotal development, suggesting a robust shift in market dynamics. This breakout from the downward resistance is critical, as it not only signifies a reversal in trend but also sets the stage for BNB to retest its broken trend line. This retest is crucial, as it could potentially catapult BNB into a significant upward trajectory. BINANCE:BNBBTC Bear Channel Broken The Importance of the Fibonacci Golden Zone The Fibonacci Golden Zone plays a vital role in this narrative, serving as a key indicator for potential market reversals. For BNB, approaching this zone is more than a mere technical milestone; it represents a potential turning point that could reaffirm investor confidence and signify the start of a bullish market phase. Catalysts Behind BNB's Anticipated Breakout The BNB Chain is setting ambitious goals for 2024 to foster mass adoption across decentralized finance (DeFi), gaming, artificial intelligence (AI), and other decentralized applications (DApps). They aim to enhance performance, introduce "opBNB Connect" for scalability, and focus on applications with the potential for high daily active users. This initiative includes plans to increase the number of active validators from 40 to 100, merge the Beacon Chain for improved blockchain efficiency, and speed up decentralization. The introduction of the "One BNB" concept aims to unify the layer-1 BNB Smart Chain (BSC), opBNB, and Greenfield, facilitating a seamless tech stack for applications to transition to fully on-chain Web3 frameworks. Additionally, BNB Chain will enhance its middleware infrastructure and launch BNB Greenfield 2.0 to improve storage performance and support AI, on-chain gaming, and decentralized social platforms​​. The Road Ahead As BNB moves closer to its Fibonacci Golden Zone and retests its broken trend line against Bitcoin, the anticipation within the crypto community intensifies. A successful retest and potential upward movement could not only validate BNB's market potential but also signal the start of a significant bull run. However, given the volatile nature of the crypto market, caution and thorough analysis remain paramount. BNB's journey towards the Fibonacci Golden Zone, coupled with its breakout against Bitcoin, marks a potential watershed moment for the cryptocurrency. This movement could redefine BNB's market position relative to BTC and ETH, heralding a new era of growth and market dominance. This discussion is speculative and intended for educational purposes, providing a hypothetical overview of BNB's market potential. It is not financial advice, and individuals should conduct their research and consult with financial advisors before making investment decisions. BINANCE:BNBBTC BINANCE:BTCUSDT.P BINANCE:BNBBTC
Long
by FikratTrades
Bitcoin Regaining the $1 trilion❤️Forex Besties❤️ INFORMATION Bitcoin prices jumped above $52,000 level, regaining the $1 trillion market capitalization for the first time since December 2021. At the time of writing, Bitcoin was down 0.24% over the last 24 hours at $52,194.50, and the token’s market capitalization was above $1.02 trillion. 💲SELL 52280 - 52460 💲 SL @ 53852 TP @ 51600 TP @ 49900 Everyone success..👍👍👍 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE The rally in the prices of the world’s largest cryptocurrency comes on the back of optimism that US approval of broader trading in the unit will ramp up demand. Bitcoin has enjoyed a strong run in recent months, fueled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
BINANCE:BTCUSDShort
by My_Forex_Team
3