I expect that in this week (maximum tuesday) we will close somewhere between 50-53k - then we will get similar candle pattern as in the past. The shadow of candle cover more than 50% of the previous week candle. Previous time we've got a 2 week correction. On tuesday upper boundary of the rising wedge (we are in this wedge whole bull run from 21 july - you need to...
NYSE:CAT Short - Caterpillar, Inc. - The Double Top Drop
This short biased thesis is based on the following factors:
A double top that was recently formed and confirmed
A Bearish Three Black Crows candle stick pattern followed the second top (of the double top)
A large series of dark pool prints totaling around $882M came in on June 25th, all around the...
Script automatically identifies the following on the chart
1. Bullish Engulf
3. Morning Star
4. Evening Star
5. Piercing Line
6. Dark Cloud
7. Harami Bullish
8. Harami Bearish
9. Shooting Star
10. Inverted Hammer
12. Dragonfly Doji
13. Gravestone Doji
Current $BTC price is over-extended and waiting for a correction/reversal really strongly.
I'm showing this in 4 hour chart but you can find the same candle patterns(hanging man) in 6, 8 and 12 hour time frames as well.
But at 4 hour chart we have 2 hanging man candles followed by a shooting star, now all you have to do is to check if the next candle is going to...
The SPX shows a “Shooting Star” candle pattern. The shooting star candle is much like the “Inverted Hammer” but it comes after a move up in price. This is a bearish candle for many reasons.
- After shooting higher, the bears were able to drive price all the way back below the open, near the low.
- Long wicks above the real body in candle charting therefore...
Hanging man such a pattern, consider initiating a short trade near the close of the down day following the hanging man.
A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle.
Place a stop-loss order above the high of the hanging man candle.
Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be...
Morning again traders,
Looking at a short term trade on Gold versus US dollar after formation of a bearish candle pattern on the 2 hourly Advance and a Bearish Harami on the 4 hourly both of which point to price action moving lower over the remainder of today.
Looking for a move back down to support levels around 1389 over the coming hours as per our hourly...
NZDCAD saw recently a massive bearish engulfing on weekly off 23 Fibonacci level, off Bollinger band's central band and off 2|1 Gann angle followed by Bear sash pattern immediately after. I expect price to drop to the next Fib level, outer BB band, Gann angle, Fib arc (confluence of many points).
Candle Pattern: Evening Star
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 61.8%
Fib TP: 61.8%
Inside EMA/SMA zone: yes
BB: above midpoint
evening star formed inside EMA/SMA zone within the start of a new down trend
entering a little early before the 3rd candle close, hopefully it...
I just realized i had not done an XRP/BTC video for over a week, so here it is.
I have to be honest... I want to see a bull run, but i'm thinking the bears are winning at the moment. The 12000 satoshi area seems to be doing a very good job at keeping price action down.
I think we see 10,000- 9,500 satoshis before we see a break of 12000.
I hope you enjoy...