The SPY chart exhibits some key technical aspects worth noting.
On the daily chart, the price action has recently tested the double support area around the 21-day EMA and the 550 level. This confluence of support has provided a temporary floor, allowing the price to bounce back. However, if SPY misses this key support level in the future, it'll officially trigger...
Hourly Chart: Key Support and Previous Top
The hourly chart for NVDA emphasizes the significance of the support level at 125.59. This level was a previous top, and now it is acting as a support, following the Principle of Polarity in Technical Analysis. The chart shows that the previous top, which is now support, has been tested a few times, reinforcing its...
Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day.
Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session).
Nifty has formed red body big candle on daily chart.
Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into...
Bearish Engulfing and Gap down.
Est. Fib# ext to 4.618 ( 920 ), retracement to 2.618 (690)
Short 855
Stop 980
Target 690, 500
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Market opened on a positive note, but bulls were not able to sustain in the market and turned market negative, and made days low that is 21915.
Nifty has formed big red body candle with upper and lower shadows.
Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market.
Today’s candle is halfway crossing the 9 days...
Market falls from nifty’s new all-time high that is 22249 level and Bulls lose its winning streak in the market.
Nifty formed shaven head candle on the daily chart which indicates participants are selling from higher level.
Nifty has formed Bearish Engulfing Pattern on daily chart which indicates trend reversal.
We may see further weakness in market....
DAX 40: BEARISH engulfing detected.
The EMA.50 and EMA.200 are still potential targets
the market and overbought
is this the end of recess??!!
be careful !
FX:GBPUSD
Overall structure based on the weekly,daily,4h and 1h is bearish. A break and retest below key support area with bearish engulfing candlestick being my entry confirmation
FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns.
Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The...
OANDA:NZDJPY
Overall bias on NZDJPY is bearish with the daily, 4h and 1h confirming my bias. Price broke below 88.962 4h support and made a retest as 88.962 4h resistance with a bearish engulfing candlestick on the 30 min and also a break of countertrend structure on the 15 min being my confirmations to go short on NZDJPY
FX:GBPUSD
Price broke below 1.26229 daily support breaking bullish structure. Price made a pullback and retested as resistance around the resistance area of interest with a bearish engulfing candlestick being my entry confirmation. Take note, today is a fundamental day thus low risk should be used to avoid big losses in case price goes against my bearish bias...
Bearish engulfing candle seen today which is not a good sign. If we get a negative confirmation candle tomorrow to end the week we will see further weakness. The support and resistances on upper and lower side are as under:
Nifty Supports: 19245, 19042, 18890 and finally 18688.
Nifty Resistance: 19775, 19887, 20K+.
Hi guys! This is an Update on Netflix (NFLX) on the 1 day chart.
We are currently at risk of a trend change in the makings due to a breakdown of Major Support.
This is a zoomed in look on the daily timeframe.
But if you look at my previous idea below, notice the Uptrend Channel that Netflix has been following since June 2022.
Todays candle is currently BELOW...
The IWM ETF which tracks the Russel 2000 index put in an outside reversal, or bearish engulfing, candle today which eclipsed the 6 prior daily candles. When the body of a price candle completely engulfs the prior candle it is called a bearish engulfing candle. Since todays candle also engulfed the 5 candles prior to yesterdays it is called a bearish engulfing...
What started off as a strong move higher today with a slight gap at the open, ended with price filling the opening gap and finishing in the red for the day. In the process, SPY has put in an outside reversal, or bearish engulfing candle, which eclipsed the three prior daily candles. When the body of the current daily candle engulfs the previous daily candle it...
Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally...
🚨 Attention traders! We have an exciting bearish setup on AUDUSD that you don't want to miss. Our previous bullish setup on AUDUSD was a resounding success, allowing us to secure profitable gains. Now, it's time to switch gears and capitalize on a new opportunity as the tide turns bearish. 📉🦅 The formation of a bearish bat pattern, coupled with two strong...
