Labor days future action seems pretty bullish with world markets very green. AAPL had a hammer candle followed by an engulfing green candle (bullish), followed by a 3 bar play with a continuation green candle (bullish). We did however hit some resistance. If this trend continues, we should very quickly test $130 with a short squeeze, and possibly back to ATH. On...
Potential 3 Bar Play (Courtesy Jared). Big green igniting bar followed by a narrow range bar above the 50% retracement. If it hold above 27.90 today, good entry for long will be above 28.70 with SL as todays LOW (hopefully around 28 or 27.9) Target up to 30+
Point C has touched Point A, so when that happens it is a retest of resistance and to some traders, it may be seen as a double-top setup, personally for me it is not a double-top setup. However, when the market hit point D, I will still be open to the idea to engage for a long trade, only when there is a reversal like 3-bar reversal at Point D.
A Bearish Bat pattern has formed up earlier and we had engaged the trade. This post was delayed due to the 10limit post per day restriction that was set by tradingview. I had written them a feedback hope this can be fixed.
So back to our analysis, this was a perfect setup as the bearish bat pattern was formed on the sell zone area on this trend trading setup,...
Yes, this is an indicator on a testing phase, so yeah a Bullish Bat Pattern has setup, having the bullish engulfing candle and a long shadow cand that seems to lose the momentum I'm in on this counter-trend trade setup.
If you can spot it, a bearish shark pattern may form for a trend trading opportunity(short).
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A sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade.
Trade has engaged and if you really want to get into our community, check out the link(3) on my signature below.
Don't miss this great trading idea.
The Fed''s decision to "pause" rate hikes justified the current levels for silver. That may have marked a short term top (SELL THE NEWS) as price touched the top of the lower sloping channel. The monthly chart shows that the recent monthly test of the closing low failed. While prices rallied despite closing lower in November (testing the August closing low), I...
Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen.
Current PE ratio of Asian Paints is high as per industry PE ratio.
Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.