The EJ has been one of the main pairs on my radar for this entire week. Originally I was looking for a bullish breakout on the higher timeframes, but instead we ended up getting a false break & a retest of the lows of the channel. After putting in a nice tweezer bottom at the lows we've now put in a head and shoulders type of move & if price can violate the...
Using a combination of squeeze momentum and tweezer bottom candlestick chart to predict the explosive breakout that blew the bitcoin price all the way to $58,000. This is only for educational purposes! like for more. Thierry
Hello traders and investors! Ok, SNDL did exactly what was supposed to do since my last analysis, which is great. Let’s see the scenarios we can work with from now. First, in the 1h chart, SNDL lost the support level at $ 1.32, which was an important key point for the short-term, and it sought its lower support, at $ 0.95, as we discussed in our previous...
Tweezer bottom just developed the last two days. Entry is around $43. Stop loss would be below the tweezer bottom. Target is historical resistance.
Multiple rejections of key resistance on the 8hr /4hr and corresponds with the daily trend.
Gold as explained took out higher lows and followed the stream. Price is currently sitting on an important weekly key level at 1862.9 We are seeing some wicks rejecting that level with a tweezer bottom formation and will be expecting price to retrace before making the next potential leg.
Sentiment: Neutral to Bearish As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down. Reasons: 1. Rising Wedge Pattern and...
CapitaMall Trust tested a significant support between 1.48-1.50 yesterday and today it formed a pair of tweezer bottom reversal candlestick with bullish divergence on the RSI to boot. Going long on this guy and looking for an initial target around 1.90 (the recent high). However I will be putting an initial stop loss at 1.47 and protect any profit with a...
The Dow Jones Industrial Average(DJIA, average of top 30 US stocks by market capitalization) closed back above the psychological level of $20,000 today and logged a gain of roughly 1%. Price also closed above the lower broadening wedge line(shared in previous charts) for the second day in a row which indicates that this level is still acting as a technical...
Set a pending order on this as it couldn't quite reach the previous days' lows and has formed a tweezer type bottom Pending order 5pips above yesterdays highs Let's see if we get triggered
The market is showing signs of a possible bullish reversal of the current downward trend. The volume in the market isn’t supporting further downward motion and prices looks like it’s going to rebound. Looking at candlestick patterns on the daily chart we have tweezer bottoms and a spinning top formations that are both reversal patterns.If we add in the Bollinger...
suntv formed more bullish type of pattern on bottom. we can see below 1. double bottom 2. bullish engulfing 3. tweezer bottom with double pin
Morning traders Another start to the week. Monday 17th of June lets go. Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade. Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle...
POA/BTC Strategy: Possible tweezer bottoms forming on daily candles with falling wedge pattern. Global bitcoin dominance reducing. Please note this signal could be preemptive, if the market dominance reverses. Buy Around - 336 - 341 T1 - 355 (5%) T2 - 374 (11%) T3 - 405 (20%) Stop-Loss - 327 (3%) Risk / Reward T1 - 1 / 1.5 T2 - 1 / 3.2 T3 - 1 /...
Just noticed this while i was playing with the charts AUDNZD has formed a consolidation range, and on the lower side we have some tweezer bottoms, text book like. If it goes as the literature would say, the stop just on the other side of the candles, and a TP on the next significant zone, and i think it would be the one marked
Call order filled for $WTICOUSD. Support and resistance trade. Tweezer bottoms candles at previous support. See chart for further details.
On 6/29 tweezer bottoms began forming on the weekly charts of BTC. There was also a strong buy signal on the stochastic at that time. Since then, MACD has exhibited a bull cross. The first one since December. Why is this important? Because that MACD is a lagging indicator. It's does not pick up quick market movements very well. Therefore, it is much more...
Yellow = Buy zone Green = Sell Targets Red = Stop Loss Tweezer bottoms (Green Box) - Reversal pattern Falling wedge - Reversal pattern Stochastic RSI low. Bull Cross RVI - Need to break resistance to confirm continued momentum upward. Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.