Hello, traders. The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern,...
Yesterday we discussed this market and the critical support level price was looking to test on the 4 hour chart. We also discussed the recent higher lows price had been forming. As the 4 hour chart shows; price has now formed a large bullish engulfing bar at this area and moved back higher. The recent swing high resistance now comes back into play and is the...
Hello Fellow Trader! Silver (XAG/USD) Pieces Through Trend Line 4 Hour Time Frame: Strong bullish Engulfing pattern at key Fibonacci level and price. A simple way to find support and resistance in Silver is to plot price intervals of $XX.50 as seen in the labelled examples, and watch and back test price behaviour at these levels for opportunities or clusters...
Hello traders and investors! Let’s see how SPX is doing in this Multi Time Frame Analysis (MTFA)! This could be a bull or a bear trap, and here are the most important points to keep in mind. We see a Dark Cloud Cover candlestick pattern under the 21 ema in the hourly chart. This is a bearish sign, and today’s rally could be just a short rally to its...
Hello traders and hodlers! Let’s what XTZ is doing today and do a complete Multi Time Frame Analysis (MTFA)! In the hourly chart, Tezos is struggling a lot, as the bears are dominating the crypto. It did lose the purple trendline , which was the first sign the trend was going to get weaker, but now it is doing descending tops and bottoms , a trait of a bear...
We discussed this market last week and the fact that price was looking to pullback into the major support level and 50% Fibonacci level. Now price has pulled back into this level we can see a bullish engulfing bar and rejection candles have formed rejecting the support. As yet there has been little follow through and for a move back into the recent swing high...
Bullish engulfing formation in Grasim industries . Target =729 Stop loss =612
Yesterday was interesting and with good movements. This morning we are reviewing the daytime candles for turn signals and one of the options is USDJPY. Here we have bullish engulfing, which is a signal of an expected rise in price. We expect buyers to be stronger than sellers in the next few days. We found another very clear signal on the daily chart of one...
Having a bullish engulfing that will poush the price upward for towards the upper trendline serving as a resistance .
Looking into the higher time frames we can see that we broke the bullish flag formed and are now sitting around the key level of 105.500 waiting for the markets next move. The last daily candle closure was a bullish engulfing candlestick suggesting price may want to continue up into the key structure marked after making a slight pullback. If we don’t see this and...
Bullish engulfing with proper volume. Target 780 Stop loss 722
Welcome fellow Tradingviewers, This analyses is a follow-up from our BTC halving TA and this analyses has proven to be effectious. If you haven't already consider reading that analyses before going deeper into this one. In this analyses we are going to show you our view on the current market situation for Bitcoin . We will be analysing BTC using a ...
Good day traders! New York market has been opened and I hope y'all have a great trades ahead. Start off with my sharing on CADJPY to give y'all a little heads up on the directions! CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas...
XRP on the weekly chart is still in an overall downtrend but it’s showing bullish signs. Currently trading just around it’s 20ema, also it’s point of control YTD as seen on the volume profile . If we can close above this with above average volume (+104.655M), we can expect more bullish sentiment to follow. I’d be looking to see a brief some resistance around the...
Bullish engulfing formed in H4 and it gives more pressure to upside and also trend-line is breached.
EURUSD is in a clear uptrend, with the pair that doesn't seem to show any sign of counter-trend or strong retracement. Recent action shows a slight retracement, with buyers immediately reacting with a bullish engulfing pattern and a new higher high. Stop loss below last important swing low and trying to have it also below the uptrend line. I don't really have a...
Following USDCAD, we can see this major consolidation zone which has been around since Covid-19's Lock-down began. So, lets break this down further, this pair is in a range between my descending Trendline and this major support at 1.38701. As price rallied downwards last week, we came to our support zone and we did not break this support zone. Therefore, we...
An Intraday setup to go long RCM has been in an upward rising channel and price has tried to break down the lower boundary. However, the last session showed there are still buyers at this level and the session ended with a bullish engulfing pattern. I am expecting some bullishness in the short term in the new session. This bullishness could be for short term or...