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BB: Is at the PCZ of a Bullish Gartley and a Bullish Deep CrabBlackBerry is attempting a spring-and-back-test-of-spring at the bottom of the range that it's been trading within since 2012, and the level happens to align with the PCZ of a huge Bullish Deep on the left, to which it has reacted once before, and on its way to testing the zone a second time and back testing the spring. It's also formed a smaller, more localized Bullish Deep Gartley with some hidden Bullish Divergence on the MACD. If it manages to get back above $5 and stay above $5 in the active session, we would then have room to see it pump all the way up to $24.89 really fast as that is the next major level above and near the 200-Month SMA, but if things really want to get serious, we could see BB complete a Full Measured move of this range which would take it all the way up to the 50% retrace up at around $45.39
NYSE:BBLong
by RizeSenpai
11
BTC BEAR TRAP : Trend Reversals 📈📉 Greetings, fellow traders! Today, let's explore a fascinating aspect of market dynamics – the concept that markets often change their trend direction when most participants least expect it. We'll dive into how we might currently be in a bear trap and what it could mean for a potential upswing. 📈 The Art of Contrarian Thinking: Market trends are tricky creatures. They often lure traders into thinking the current trend will continue indefinitely. However, seasoned investors understand that when everyone is convinced of a particular trend (bullish or bearish), the market may surprise with a reversal. 🐻 The Bear Trap: A bear trap is a situation where the market appears to be in a strong downtrend, leading traders to sell or short assets. However, this could be a cunning trick, as the market may reverse course, catching those overly bearish traders off guard. 📈 Signs of a Reversal: While we can't predict market movements with certainty, recognizing signs of a potential trend reversal is essential. This might include technical indicators, fundamental shifts, or sentiment changes. 🚀 The Anticipation of Growth: If we're currently in a bear trap, it suggests that the market sentiment is overly pessimistic. This can set the stage for a potential upswing when the market decides to confound the majority. 💡 Key Takeaway: The market has a way of playing tricks on participants. It's a reminder to remain adaptable in your trading strategy, ready to pivot when the unexpected happens. 🔮 The Future Unveiled: While recognizing a bear trap is insightful, always combine this with thorough analysis and risk management before making trading decisions. In conclusion, market trends can be both persistent and deceptive. Understanding that trend reversals can happen when they're least expected empowers traders to navigate the markets with greater flexibility. Stay vigilant, stay open-minded, and remember – in the world of trading, being prepared for the unexpected is often the key to success! 🧐🚀 ❗See related ideas below❗ Follow + Like this post and share your insights in the comments; your engagement fuels the creation of valuable content! 💚💚💚
Long
by Yaroslav_Krasko
6
EURUSD - This how a Wyckoff Spring Formation looks likeEvery chart has a story to tell and this is the story of this chart The Story: We are on a heavy down trend Broke Support Level but with a very high PVR This High PVR on the down wave were buyers. How do I know? I do not at that time, but I do know later on because price never broke the low of the down wave Fast move up The confirmation is the down wave with the High SI of 15.0 = HTMD (Hard to Move Done) ...and finally the entry is the up wave breaking the resistance level + more confirmation the PRL signal Result 68 pips and now ranging. Looking for the next entry with the classic text book entry "Exit from Range with Plutus" Enjoy! Learn to Read and Trade any Market
Long
by TradeTheVolumeWaves
CHZUSD: Holds Demand Line as it Attempts to Spring Above SupportChiliz after Retracing to the .886 PCZ of a Potential Bullish Deep Cypher has bounced back into a Previous Zone of Support and is now Holding on to a Potential Demand Line. It also appears to be double bottoming on significant timeframes at these levels. If CHZ can successfully hold the line here we could see it go up to target the Neckline of the Double Bottom at and if things go really insane we could see it make a full upside .886 Retrace.
Long
by RizeSenpai