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Inverted

DON'T fade a Daily Shooting Star on a resistance levelHi Traders, STATEMENT The aim of this post is to provide you a detailed explanation on how to use the daily time frame to create an explicit expectation of direction in the market you might be trading. Directional bias can give you a huge hint on how to trade on lower time frames (e.g., hourly time frame). RATIONALE What is the value of determining a directional bias before thinking on taking a trade on a lower time frame? Proper identification of possible areas of support and resistance. To avoid fading high probabilities daily candles we wouldn't be aware of their existence if we would only stick to lower time frames. To facilitate the TP placement. Doest it mean that I cannot fade a Daily bias? It will entirely depend on the date that you should gather before even thinking of trading a pair. Every traders should collect data over the past 3 years (at least) for each market he/she is trading, that provide a feedback about "How many times a D1 Candle is confirmed or faded (%)"; How long does it take for the trend to confirm/fade a D1 bias (number of days)." THE PLAY With that in mind, let's have a look at the OANDA:EURUSD chart on the Daiy time frame and lets focus on what happened at the end of February 2021. First of all, we identify daily levels of support and resistance (1) and (2). We have identified those 2 as they clearly were rejected several times since August 2020. Still on the Daily time frame we can also identified a inverted head and shoulder pattern. This one in particular is very obvious to identify, meaning that a considerable amount of retail traders are most likely going to play it long whether on a breakout or on a break and retest around the marked price in below screenshot. If we move forward one day, the 25th of February 2021 , a Daily Shooting Star is printed showing that buyers lost control by the close of the day, and the sellers may be taking over. At that moment it's highly probable that a big amount of retail traders are trapped as they went long after identified an inverted H&S pattern. But for us, it means that we've just established a bearish bias and will seek an entry on a lower time frame. On the H1 time frame I will look for an entry below the D1 area I marked as support/resistance level. Additionaly I'm also drawing H1 levels that I consider as potential trouble areas where the price could react significantly. We have now identified our entry point. THE RESULT Price hit our TP on 5th of March 2021, generating a ROI of 4.14% . Feel free to like, share and to leave a comment and ask any question you would have regarding this play :)
by cmacquet
BTC INVERTED : ReckoningBTC INVERTED 1DAY MACD (12, 26, 9) Triangle 1 macd btc run start to macd ath 2 macd ath to macd atl 3 macd atl to macd btc run start BTC INVERTED 1DAY HEIKIN-ASHI Triangle 1 btc run start to btc macd ath 2 btc macd ath to btc 3/25/21 low, dotted extension to triangle top 3 btc macd atl to btc run start Secondary Right Edge = 3/3/21 ATH to 3/20/21 peak, dotted extension Colored Rays = btc run start to key highs/lows INVERTED 1day 300 sma // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
4
COIN : INVERTEDIf we flip COIN upside-down, it might give us a shiny new perspective on this stock. I threw two horizontals on it at $250 and $310, given the psychological significance of these areas, and also because the surrounding price action suggests that they are important support/resistance levels. We can also look at the VPVR (volume profile visible range - the histograms plotted on the left and right edges of the chart, meant to reveal dominant and/or significant price levels based on volume). If I'm specifically studying the VPVR, I prefer to have one on each side, because it's easier to visualize the horizontals when there are two VPVR's, and it's nice to have one on the left side when looking at price action on the left side of the chart. There's no deep technical analysis or profound predictions for this idea, folks... my goal with this chart is to give us a nice presentation showing how COIN's price action looks on the inverted price scale, with the hope that it might give us a new perspective. And while this chart most likely won't radically shift your overall outlook on COIN, I'm hoping that at the very least, you find it interesting... another worthwhile nugget of info to add to your stash. // Durbtrade
NASDAQ:COIN
by Durbtrade
8
BITCOIN forming Inverted H/S at lower TF! Bullish sightElon Musk didn't help Bitcoin much, and the bears made it clear at the Daily close where they planned to send BTC from a few days' time. In the graph, however, they plot a nice Inverted H / S that could cause a pump at lower Time Frames. WSB, Elon, Jack are increasingly promoting Bitcoin and the situation with GME is only conducive to the decentralization of the financial market. I want to see an increase in volumes in the neckline and a spur pump at least to the first target. BEWARE OF BULLTRAP!
Long
by Tradify_Seb
SGX - Inverted H&S breakupLong upon the break of the neckline at 8.86 wit initial stop below today's candle low @ 8.65. It may break up and retrace to retest neckline again within a week, if that happens, it's normal as long as it does not break more than a few ticks below the neckline. Looking for H&S Target @ 9.80 (protect with trailing stops on the way up though). Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:S68Long
by Juliac