Reversal into downtrend setup taken with DJ30 today explainedIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* NAS Uptrend Continuation long (BE)
* Silver Parabolic Reversal Short
* DJ30 Reversal into Downtrend
I'll also provide a detailed explanation of the Reversal into Downtrend setup, helping you understand how to apply this strategy in your own trading. Reversal into downtrend is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
Trendtrading
EURJPY for this week bearish expectations
EURJPY pattern based analysis. We can see TRIPLE TOP chart pattern. We are have strong bullish push on trend line-supp zone, which is start on 2.10. Price looks like is saturated, chart pattern having strong, good strucure, what now expecting is trend revers here.
SUPP zone (SL): 163.630
RESS zone: 161.500, 161.000, 160.500
Bullish Shark Pattern on NZDUSD M15 ChartI love trading sideways consolidation breakout trades, but since I missed the initial move, I've been patiently waiting for a retest. Now, an even better opportunity has presented itself!
What's Happening?
- Bullish Shark Pattern : A Bullish Shark Pattern is forming on the M15 (15-minute) chart at 0.6046 on the NZDUSD.
Why is this Exciting?
- Combo Trade Management : This setup allows for a combination of strategies that can significantly reduce initial risk while increasing potential returns.
How to Approach This Trade?
1. Wait for Confirmation : I'll be waiting for a Magic Candle Confirmation at the pattern completion point before entering the trade.
2. Risk Management : Include our stop-loss buffer just below the pattern completion to manage risk effectively.
3. Potential Upside : With the pattern forming and the potential retest, this setup could offer a great risk-to-reward ratio.
Final Thoughts
Sometimes, missing an initial trade isn't a setback but an opportunity to find an even better setup. Patience pays off! 🎯
What’s your take on this NZDUSD setup? Have you spotted similar opportunities? Share your thoughts and let's discuss!
Happy trading, everyone! 🚀
Italy 40: Trend Breakout34,820~ was a major level for the Italy 40 index. This level held since June 2024 and I saw price breach above it just near the end of last week.
As I look for the trading session ahead, further upside potential is expected provided that price is able to remain supported above this level.
ADR: 40
SL: 40
TP: 80
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle.
What does this mean?
Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement.
And that’s exactly what happened (I can hardly believe it myself).
The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push!
The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it).
This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain:
NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp.
So...
The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you?
To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area.
What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push.
In the meantime, we’ll see what movement happens next week.
Best regards, and thank you for supporting my analysis.
M&T Bank Corporation: Riding the Bullish WaveM&T Bank Corporation: Riding the Bullish Wave - M&T Bank Corporation (NYSE: MTB) Technical Analysis
H ello,
1 Introduction
Headquartered in Buffalo, New York, M&T Bank Corporation is a regional bank operating in the United States. While M&T is headquartered in New York, it has a significant presence in the state of Maryland and in several of the mid-Atlantic states. It was founded in 1856 as the "Manufacturers and Traders Bank." Over the years, it has changed and expanded its name and reach but has kept its main office in Buffalo. A "community banking" philosophy directs its operation of more than 700 bank branches across 12 states and the District of Columbia.
2 Current Price
The most recent figures put M&T Bank Corporation’s stock at $185.19. In the face of a jittery market, the stock has been steady—although, to be sure, we are coming up on a few weeks when the price has not moved much at all. Yet this level reflects what I would say is a pretty strong dose of investor confidence in the bank's growth in earnings, not just in the immediate future but also over the next several quarters.
3 Moving Averages
5-day Moving Average: $182.50
20-day Moving Average: $180.00
50-day Moving Average: $175.00
200-day Moving Average: $165.00
The price is currently above the 5-day, 20-day, and 50-day moving averages, indicating a strong short-term bullish trend. Additionally, the price being significantly above the 200-day moving average suggests long-term investor confidence. Historically, the stock has shown a tendency to bounce back from support levels, aligning with current technical signals pointing towards continued strength.
4 Technical Indicators
Relative Strength Index (RSI): 60 (Neutral to Bullish) – The RSI at 60 indicates that while the stock is not yet overbought, it is approaching higher levels where caution may be necessary. RSI values between 60-70 typically suggest strong upward momentum but may also signal a need to watch for overextension.
MACD (Moving Average Convergence Divergence): 3.0 (Bullish) – A positive MACD suggests upward momentum, supported by increasing buy signals. The MACD line crossing above the signal line indicates potential for continued price gains.
Stochastic Oscillator: 75 (Overbought) – The oscillator shows that the stock is nearing overbought territory. With a reading above 70, investors should be aware of the possibility of a short-term pullback, though the overall trend remains upward.
The combination of these indicators points to a solid bullish stance, though the overbought reading on the Stochastic Oscillator advises traders to be cautious of potential corrections in the near term.
5 Chart Patterns
Candlestick Patterns: Recent patterns show a mix of bullish engulfing and doji, suggesting indecision in the market but with a slight bullish bias. The bullish engulfing pattern indicates strong buying pressure, while the doji reflects a potential hesitation among traders, which could result in consolidation or a reversal if a clear direction is not established soon.
Support Levels: $180.00, $175.00 – These levels have historically acted as strong support zones, offering potential buying opportunities for investors seeking to enter at lower risk points.
Resistance Levels: $190.00, $195.00 – The stock faces resistance at these levels, where selling pressure may increase. A breakout above $195.00 could open the path to higher price levels, potentially pushing the stock into new highs for the year.
Notably, the consolidation of recent price action near key resistance levels suggests that a breakout, if it occurs, could trigger significant upward momentum. However, failure to break these levels may result in a retracement towards support.
6 Volume and Liquidity
Recent trading volumes have been above average, which supports the upward trend. The higher volume, particularly during price increases, reflects increasing investor interest and confidence in the stock. The liquidity of M&T Bank Corporation is robust, allowing for large trades to be executed without significantly affecting the stock price. This makes it an attractive option for both retail and institutional investors.
7 Industry and Market Sentiment
With interest rates stabilizing and the overall economy in better shape, we have seen a recovery in the financial sector. M&T is a regional bank, and as such, it has a pretty good setting from which to benefit as rates continue to rise—something we're anticipating. Most regional banks—even M&T in particular—have a pretty nice net interest margin between what they pay depositors and what they earn from loans when rates rise. And when you have a bank like M&T that has a pretty nice net interest margin, it also has very stable earnings, largely because it is a community-focused bank that lends to small and mid-sized businesses—who also have, by the way, relatively low default rates on the whole.
8 Conclusion
Currently, M&T Bank Corporation's stock is in a tremendously solid short-term uptrend, with several important indicators suggesting a "buy" recommendation. But the stock is starting to approach "overbought" territory, which means it could be setting up to either go sideways for a while or pull back. Good support levels to look for should this happen are around $180.00 and $175.00. If you're an investor looking for an entry point in the stock, those would be tempting prices at which to buy. On the other hand, if the stock can push and hold above $190.00, we could start to talk about a potential target of $195.00.
Regards,
Ely
Along position on XAUUSD on the 15mn chartAs you can see from the chart.I'm on a long position on goal.4X.I'm setting setting My target at 2689.In making my my.Stop loss.My stop loss at At 2662 and.Sitting on my hands and.I I saw, I saw that, I saw that the market started correcting and making a move downward, but that was just a correction. That's a normal.A normal.Process in the market.Whenever there is a move upward or downward, the market should have some kind of rest and then.Retain its original direction. Here we are having a move upward and we're waiting to reach our target.You have to be patient and sit on your hands, do not panic after making your setups and everything, uh, do not try to close your position earlier so that you miss the opportunity to make money on the market.So let's wait and see what's gonna happen. There is a high probability that the market is going to hit our target. Once it hits the target, we might see some reversal.To the downside because.The goal has reached all time high record and there will be probably a move downward and if you want to take another trade, a short trade, you may take that. But.Make your target.To the next level, then you can see on a chart.All right, go log everyone and let's make money together.
The Perfect Setup Unfolding: Don’t Miss This High-Prob TradeIWhat’s Changed and What to Look for Now?
1. Structure and Pattern Focus: Wedge and Correction Identified
The yellow descending lines still highlight a wedge-shaped correction after the price made an upward impulsive move. Wedges often act as continuation patterns, meaning the trend (in this case, bullish) is likely to resume once the wedge is broken.
Price has already broken out of the wedge and pulled back, hinting that the market might continue upward after this slight retracement.
🔍 What to Do:
If you spot a wedge breakout like this, wait for a retest—which seems to be forming now—before entering the trade. This increases the chance of entering at a safer spot rather than chasing the move.
2. Identifying the "Potential Buy Zone"
You have a Potential Buy Zone marked around the 2,636–2,647 range, which aligns with both:
Key Fibonacci levels: 61.8% and 78.6% retracement levels.
Demand area: The price previously bounced from this region, showing there’s buying interest.
📝 What to Do:
Watch for price action signals within the buy zone, such as:
Pin bars (candles with long lower wicks).
Engulfing candles (strong green candles that close above the previous red ones).
Mini flags or pullbacks to signal buyers stepping in.
3. Set Entry and Stop-Loss Levels Smartly
If you enter within the buy zone, place your stop-loss below the 78.6% Fibonacci level (around 2,620). This ensures you’re protected if the trade goes against you.
Target One: 2,675.051
Target Two: Around 2,700
These targets are based on previous highs and Fibonacci extensions (-27.2% and -51.8%).
🔍 Pro Tip:
Always plan 2:1 or 3:1 risk-reward ratios. In this case, the stop-loss is relatively tight compared to the potential reward, making this a high-reward trade setup if price respects the buy zone.
4. Using "The Rule of Three" to Confirm the Setup
Based on the Rule of Three, you should always have three confirmations before entering a trade. In this scenario, here’s how it applies:
First confirmation: Price has entered the Fibonacci zone and buy zone (2,636–2,647).
Second confirmation: A bullish reaction or candlestick signal forms (like a pin bar).
Third confirmation: If price breaks above a mini-flag or consolidates slightly above this zone, it’s a strong sign to enter the trade.
5. What to Watch for as a Beginner
If price touches the buy zone and starts to show signs of rejection (like a wick or small bullish candles), that’s your signal to consider entering.
Be patient: If the price doesn’t give a clear signal, stay on the sidelines. Waiting for a proper entry reduces losses from impulsive trades.
How to Back-Test This Setup:
Look at past trades where the price pulled back into a similar buy zone with Fibonacci overlap.
Record how often these setups worked and whether waiting for the confirmation signals improved your success rate.
Summary for New Traders
This chart is a great example of a continuation setup:
Trend identification: The trend is still up, with a correction (wedge).
Entry zone: The buy zone is based on Fibonacci and prior support.
Wait for confirmation: Use candlestick patterns or break/retest setups.
Targets and stop-loss: Define a stop below the buy zone, and target the next highs (2,675 and 2,700).
This is an excellent opportunity to practice patience and discipline—wait for the right signals, and trade according to the plan. Use small positions if you're new, or try this setup in a demo account to build confidence!
XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
📊 Understanding Trends: How trends truly operate in the market.
💰 Smart Money Tactics: How institutional traders manipulate price action to sweep liquidity and execute large orders.
🔑 Key Levels: Identifying crucial accumulation and distribution zones to approach potential trade setups effectively.
🛠 TradingView Indicators: Learn how to access tools that help spot when price is overextended.
🔎 Market Structure: Discover how to locate resting liquidity and anticipate price reactions, understanding the role of liquidity in market movement.
📈 Trade Setups: Using a practical approach, we examine price interactions with liquidity, blending Wyckoff theory and ICT concepts for sharper trade decisions.
Disclaimer: This video is for educational purposes only and is not financial advice. Trading involves significant risks. Be sure to conduct your own research before making any decisions. Trade responsibly.
AAVE: Strong Impulsive Move on the HorizonAAVE is showing two clear, decisive breaks of the upper trendlines, pointing to an upside move. The price action looks impulsive, with sharp upward lunges already visible. If this pattern holds, we’re likely in Wave 3, and a significant move to the upside could happen quickly.
However, after Wave 5 of 5 completes, we should expect a classic ABC correction to follow. For now, the trendline analysis looks solid, but it’s crucial to wait for a decisive trend break before considering taking positions. As always, make sure your signals align before jumping in.
BTC and Trendlines: Patience over FOMO for a Clear SignalTrendlines are key to staying disciplined. Recently, BTC has seen some impressive inflows, with a couple of green bars showing up nicely on the charts. In the past, this might have triggered some FOMO, tempting me to start adding capital as those green bars intensified. But does this necessarily mean we’re seeing a trend reversal? Absolutely not.
The real difference between FOMO and a solid trade setup lies in waiting for the ‘jive’ of multiple signals to confirm the move. For me, the most reliable indicator remains the trendline. If the yellow trendline is decisively broken, then we can confidently say BTC is on Wave 3 of 5 of 5 of 1. However, this recent green uptick alone isn’t enough to suggest a decent trade opportunity yet.
Points A, B, and C might have been valid entry points in the past, but without a clear break of the upper trendline, the risk of a reversal still looms large. For confirmation, I’m looking for a decisive break—a full open and close above the trendline, ideally on at least a 4-hour timeframe. Only then can we be more certain about BTC’s next big move.
If Point D is reached (around $63,600), that’s where I’m fully in—riding it up to around $130K. Until then, it’s all about waiting for the signals to align and not getting caught up in short-term excitement.
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4.
Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5.
It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
US's Resilient Economy Attracts European InvestorsHello!
Chart Explanation & Indicators
EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower.
Technical Zones
There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088.
Conclusion
The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry.
Thankfully to all followers,
Ely
LOOKING FOWARD FOR THIS M15 SETUP 1.Price already enter a very strong demand zone I think here sellers will find all the buyers they have been looking for (LOL) remember if you are selling 100 iPhones you will need 100 buyers it's that simple.
2. Price have wiped out lot of liquidity, so why will price keep going down to sweep that low in H4 I think there's no need for that therefore from this point we should see the start of a complex pullback to a supply zone in H4.
3. This figure you see here in M15 that will be my confirmation to start buying, Fibonacci is showing our M15 trading range (last high, last low) if this doesn't happen it means is going deeper into our H4 demand zone, that's why I always opt for confirmation in lower time frame before executing any orders.
WILL KEEP YOU GUYS UPDATED!!
SNIPED ENTRY 15M TF1.Price is bearish in all time frames Weekly, Daily, 4H. However, as price reached a demand zone in 4H TF, we dropped to LTF 15M and waited for a break of structure i personally wanted 15M TF pull back to take out liquidity from a high but wasn't possible.
2. As liquidity is what move the market there's a ton up there which means price will go and grabbed it all, that's why i have a very extended TP which is exactly where my supply zone is in 4H TF.
im still bullishlast daily deviated from my trendline. to me that could be a swing fail and a shakeout to shake weak hands.
reasons to consider: there is CPI data today and on 10/10 theres the tesla robot event a big fail could prove to be a priced in scenerio and the start of the nuke today with the following nuke tomorrow.
for me i am a big believer of tesla so im bullish for me i may have another buy oprotunity on the vola vola today.
as for the pattern in question we have a 48% on the cup depth 32% on the handle depth 44% on the parallel channel that is still part of the handle.. make of it what you will.
i dont believe tesla will break out before the 10/10 but will swingfail the down level even (especially) on bullish cpi data (if anyone knows how hedge funds like to operate).
there are bad lows at our current level and at 226 (which is also previous resistance)
a sweep would be an amazing bullish retest that may or may not fail but the oprotunity is there and it all depends on how aggressive you'd like to trade or invest.
Trendlines are current value ranges
The upper teal drawings are potential double top that has formed and if we reject a potential double bottom (rsi will print an rsi div on 30 mins and may potentially swing up to the upper part of the channel causing an overbought on 4hours and daily)
Vwap will confluence with the 100 daily ema that could potentially be a good entry but there's also the potential of the 150 and 200 bullish retest even though in my opinion that would ruin the cup and handle entirely although the liquidity idea would stay the same i'd be sad to see the pattern go.
if we dont swing fail the bullish retest i will look to swing fail the lower trendline for another liquidity pool grab which is also the yearly value area poc.
if all fails and we go bearish on tesla i will trade the consolation prize from valow to vahigh (a lower high and on the higher timeframe and a full rotation play)
the bullish idea is if tesla preforms and the vah turns into the new poc/val and said new value range would be between current to 400-500
i hope i made enough sense and that my ideas are interesting for you. good luck to everyone.
EURCHF strong bullish expectations for next periods
EURCHF price break trend line. Currently here strong bullish expectations still for next periods. EUR still keeping power after ECB from last week, for those which dont know (ECB rate cut is start being effective from this week).
Technical side on EUR still bullish.
TP: 0.95600 (90)
TP2: 0.96100 (140)
SL: 0.93850
AUDNZD strong bullish expectations for next periods
AUDNZD RBA coming in new week, technically what can see on medium and long term AUD having strong bullish expectations.
I watch on AUDNZD like "speacial" pair, what we are can see in last periods we have and changes on EUR and USD rate cut are start going lower, believe that will same have impact and on AUDNZD trend, expecting now stronger bullish changes on this pair for next medium and long term periods.
This period for me is highly good for entry long. Currently price on strong trend line. And +bouncing from this week on strong weekly zone (1.08100).
Expectations for RBA are bullish boost for AUD.
TP: 1.12000 (300)
TP2: 1.14000 (500)