Overview The 2B reversal pattern, also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing momentum...
BINANCE:BTCUSDT 1d chart retraced to volume profile support around 39000 completion of 5 waves in 4h timeframe (1B) confirmed by the break of downward trendline consolidation in a rectangle around 40000 but broken downward with high volume to the volume profile support the support and rectangle instantly recovered with even higher volume,...
BINANCE:RUNEUSDT an uptrend in 1d timeframe retraced to 0.618 completion of 5 waves in 4h timeframe (1B) formed, confirmed by the break of downward trendline support at 7.5 tested 3 times but broken with huge volume the support instantly recovered with even higher volume, forming the (2B) resistance at 8.2 was broken too at the same time ...
BINANCE:LUNAUSDT completion of 5 waves in 4h timeframe (1B) formed, followed by a break of downward trendline consolidation within a mini platform around 81 huge volume breakdown to a long-term support around 77 mini platform instantly recovered with even higher volume, forming the (2B)
DXY Has targeted the 100% symmetry from XAB 95.126 TP3. Price has formed an ABC pattern at the 78.6% AB and the 100% symmetry XAB, if prices close above 95.698 them the ABC pattern will be valid to target 96.211/96.875/97.347 Overall price remains bearish
We have very small volume bear day (day where there are significantly more selling pressure) according to my indicator: Pressure Chart or Pressure Candle. A close above the most recent bear day is an add. The stock has strength being a tech stock in the UK. If it keeps holding the 9 VWEMA then $DAVA is very bullish.