Inverted Hammer

SKwinten SKwinten URA, M, Long ,
URA: Long Uranium Miners
76 11 5
URA, M Long
Long Uranium Miners

This investment idea is not written for the ethical investors among us. ;) Nevertheless, I would like to show you the possible reversal in the uranium miners trend. The monthly chart clearly observe bullish divergence (incl. Falling wedge). In addition, an inverted hammer is formed this month. If the bottom is set, then I see a lot of upside potential for the URA ...

TipTVFinance TipTVFinance SPX, D,
SPX: S&P500 – Bearish inverted hammer
78 0 4
SPX, D
S&P500 – Bearish inverted hammer

Wednesday’s bearish inverted hammer candle at record highs if followed by a close below 2381 today would open doors for a sell-off to 50-DMA level of 2362 levels. The 50-DMA is now inching closer to being topped out. On the higher side, a daily close above 2400 would add credence to the upward sloping RSI and open doors for 2450 levels over the near term.

Mandeep.Singh Mandeep.Singh PRO EURUSD, 240, Long ,
EURUSD: EUR/USD - Bullish
106 0 10
EURUSD, 240 Long
EUR/USD - Bullish

Monthly Multiple monthly rejections of 1.0500 keeping price firmly above this level. Weekly Clear higher lows and higher highs on the weekly TF. A new higher low has been completed and last week we formed an inverted hammer indicating a reversal in momentum. This was in confluence with our TL and price is now trading back above this area. MAs are converging and ...

TipTVFinance TipTVFinance USOIL, D,
USOIL: WTI Oil – Watch out for potential falling top formation
99 0 7
USOIL, D
WTI Oil – Watch out for potential falling top formation

Yesterday’s bearish inverted hammer candle and a failure to hold above the 50-DMA and 100-DMA suggest the bulls need to be cautious. A bearish follow through today would put in place a falling top formation. That would be followed by a bearish 50-DMA and 100-DMA crossover and re-test of support at $49.59 (Mar 16 high).

motleifaul motleifaul XOM, W, Long ,
XOM: Bottom building
35 0 9
XOM, W Long
Bottom building

Even if we've dropped from today's high the pattern may become engulfing or an inverted hammer. Both would be reversal patterns.

camontes731 camontes731 XAGUSD, D, Short ,
XAGUSD: Silver Update
83 0 6
XAGUSD, D Short
Silver Update

We have arrived at an important point with silver. Taking a look at it I can assume that the rise we had yesterday with the FOMC rate decision was a way for it to come out of the oversold area. If todays daily candle closes as an inverted hammer that would be a good signal to short. Looking at past data when price reaches 17.04 it mostly always drops to ...

wolfstreetswinger wolfstreetswinger GBPUSD, D,
GBPUSD: Inside bars and how they could help improve your trading
204 2 14
GBPUSD, D
Inside bars and how they could help improve your trading

Price Action - Inside Bars Hi i would like to run through one of my favorite price action patterns the inside bar which hopefully could help to improve your trading. They are very easy to trade, easy to see and can be very rewarding. They happen in every market and every time frame, although i find it is best to only trade them on the daily and 4hr tf's this is ...

kaderfx kaderfx EURUSD, 240, Long ,
EURUSD: EURUSD Long
88 0 8
EURUSD, 240 Long
EURUSD Long

Good Evening Traders, I've had my eye on EURUSD for the whole day and finally see a buy position. If you see the charts on D1, the pullback has lost it's momentum by the daily candle finishing off with a inverted hammer above Support. The bulls will now take continue it's uptrend. I hope to see prices continue to 1.06754

MorshedMustafa MorshedMustafa GBPAUD, 240, Long ,
GBPAUD: Bullish on the Larger Timeframe
51 0 6
GBPAUD, 240 Long
Bullish on the Larger Timeframe

The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.

HAL9000 HAL9000 PRO TSLA, W,
TSLA: Beautiful run, high expectations... Watch out!
148 0 9
TSLA, W
Beautiful run, high expectations... Watch out!

THE GOOD Still showing positive momentum on most time frames, after a solid 51.23% rally in < 3 months. This is the type of behavior only such a momentum stock can produce. THE BAD Looking overbought on most time frames. Has been trying to work out this condition, as is visible on the daily chart (below): Hammer reversal at the historical high on Feb 14 followed ...

lackjunkie lackjunkie USDJPY, 60, Short ,
USDJPY: Uj go home Short
78 3 7
USDJPY, 60 Short
Uj go home Short

See the Range in rectangle . I thing with the inverted Hammer we have a short way to 114.1 from there a pullback to 114.98. my idea. no recommandation

AuthenticTrader AuthenticTrader PRO FBR, D, Long ,
FBR: FBR Long Set Up - Candles, Technicals, and Elliot all say GO!
23 0 2
FBR, D Long
FBR Long Set Up - Candles, Technicals, and Elliot all say GO!

Candlestick Rising Held as support as we have had completion of Inverted Hammer and Engulfing bull patterns at this same level. Connors RSI below 10. For Elliot folks, please check the count that it doesn't violate any rules, and the retracement/correction has moved back down into middle of wave 4 Price has retraced down into wave 4 of previous impulse wave. So ...

jazza278 jazza278 EURJPY, 240, Short ,
EURJPY: Short setup on Euro/Yen
38 0 3
EURJPY, 240 Short
Short setup on Euro/Yen

After breakout of previous downward wedge, retracement is happening as a new downward wedge. Seen price rejection off previous support (Inverted hammer candles), suggests wedge pattern is still valid. Enter now with stop above previous highs - 121.37 Profit target 118.69 at previous support.

ctredget ctredget XAUUSD, 60, Long ,
XAUUSD: Perfect bullish price action XAUUSD
41 0 3
XAUUSD, 60 Long
Perfect bullish price action XAUUSD

Gold showing some perfect bullish price action today on the 1hr chart Bullish engulfing - into an inverted hammer my trade opened at the top of the inverted hammer

TipTVFinance TipTVFinance UKX, M,
UKX: FTSE 100 – Plenty scope for rally except for January’s bearish i
28 0 3
UKX, M
FTSE 100 – Plenty scope for rally except for January’s bearish i

Monthly chart The monthly RSI is well short of the overbought territory and also well short of the highs seen in 2007. Thus, the index has plenty scope for a rally to 7354 (record highs) and beyond. Once 7354 is breached, the index could test the key psychological level of 7500. The only cause of concern is the January’s bearish inverted hammer formation.

daytradersfx daytradersfx PRO USDCHF, D,
USDCHF: 9950- make or break (big move coming up)
151 0 3
USDCHF, D
9950- make or break (big move coming up)

9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower ...

chartwatchers chartwatchers PRO NATGASUSD, D, Short ,
NATGASUSD: NatGas - Shooting star above the hanging man
3347 41 70
NATGASUSD, D Short
NatGas - Shooting star above the hanging man

We have an ultimate fight in Natty as the cycle low is approaching. The market knows that there is still a big potential on the long side but before the next leg up we need to print a bottom. The H&S pattern is still valid. I just see a little triangle evolving in the chart (blue). It's usually a continuation pattern. If it breaks down the target price counted ...

fallingumbrellaman fallingumbrellaman INTC, W, Long ,
INTC: $INTC mother of all bases
28 0 5
INTC, W Long
$INTC mother of all bases

I love big bases and I cannot lie. This is looking awesome but I would feel better going long with a stronger close on the daily instead of an inverted hammer. $MSFT looks very similar check it out.

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