A bearish engulfing happens on the Friday close. On the daily chart, there is an Emerging Bullish Gartley Pattern and on the 4-hourly chart, there is an Emerging Crab Pattern that complete in the proximity of the Gartley Pattern. I'm waiting for a shorting opportunity at about 9am tomorrow and hopefully, there is a double top with RSI Divergence to support my trade.
USD/JPY put in a convincing break under rising support from the beginning of this year, opening the door to a lasting turn lower. This also followed the emergence of a Bearish Engulfing candlestick, further compounding the argument to the downside. Now, the 23.6% Fibonacci extension is sitting below as key support at 109.51. Breaking under would expose the...
NYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart. This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline...
Bearish engulfing candle confirmed on the 4 hour close and before hand rejected the 200 day moving average 👍
Hello traders and investors! As you asked, I’ll look at PLTR again this week! Some people are getting nervous about it, so, let’s talk about it. We'll do a complete Multi Time Frame Analysis (MTFA) today. First, as some of you pointed out, yes, we have a H&S pattern in the 1h chart, which was triggered, and it already hit its technical target, at $ 24.52...
What you should know about PLTR! 👀 Today PLTR stressed our support levels we talked about yesterday, but it didn’t break them. These supports are holding the stock pretty well, and the more it accumulates above these levels, more interesting will be PLTR’s next movement. I think this is a good movement on PLTR. The BBs are getting tight again, and the RSI is...
The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself. No, it won’t drop forever, and it’ll recover at some point, the question is, which point? We have a pivot at 26.45, if triggered, I don’t think the 26.26 will hold...
Hello traders and investors! Yes, PLTR hit the $ 27.45 as we said it would in our last study (the link to my previous idea is below this post), but what to do now? The $ 27.45 is a secondary target in my view, but it is working very well as a resistance. Now we can expect some struggle around this area, and the fact that PLTR dropped below its 21 ema in the 1h...
First of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍 Good afternoon traders, we have a possible bearish engulfing candle on the 4 hour and will confirm if we close below $36,200 (ish) so watch out for the next hours to come as we head into the daily close and weekend. Could be a messy weekend if my bias towards the...
On the 1 day chart, Bitcoin is now below the 200 and the 233 EMA . (yellow and orange) The 20 SMA (pink) has met the consolidation triangle at the top of the current candle. Usually the price of bitcoin follows the 20 SMA closely if you look at the past price action. Yesterday we had a bearish engulfing candle. With the combination of these things, I would...
I’ve been monitoring GME the last few days. I noticed a bearish engulfing pattern appear on the daily chart this Friday indicating a possible move downward. Was lucky to catch it on the way up last week for gains of >500% so I’m working w/ profits on my current position. Clearly a volatile situation, good luck to all.
Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see that it is trading inside a short-term congestion , between the red lines. Today, Tesla just retested the upper line, and it seems it won’t break it right now. In fact, it is doing a bearish engulfing. The 21 ema is useless during congestions, so it is not a...
Short USDCHF on Bearish Engulfing at resistance level. Invalidation level: 0.91500
W1 : Last week price action triggered a BEARISH ENGULFING PATTERN ! Interesting to note that lowest seen was 51'541, close to the 38.2% Fib ret @ 51106. Of course, such kind of bearish candlesticks, should be, in this W1 time frame, confirmed on a closing basis at the end of this week ! Nevertheless, the fact that we get out of the uptrend channel is one of the...
The red box(sell zone) is drawn on the daily chart, I'm waiting for a bearish engulfing candle on the 1-hourly chart for a shorting opportunity.
A potential trend reversal trade might be in place. Having a break and close below the buy zone(turned to consolidation zone) is the 1st clue for a shorting opportunity. Market retraces and touches the red line without closing above the red line is the 2nd clue, the red line act as a Key Resistance Level, DM me if you don't understand. If the 8am(+3UTC) close as a...