Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is...
BTC consolidating at the main support levels. And heading towards wild zone of no major resistance levels. We are in the bull market now, we are at the prices that we have used to already, we are at "pessimistic 30k till 2019" trend line, and we have no barriers ahead. Remember the candle of april 12? I bet, future ones will surprise you.
After whipsaw with most candle closing within the range of previous candle, we have a close below the bullish maribozu candle, signalling weakness. If this 30 minute candle closes below the bearish confirmation candle and breaks below this trendline, I see a dump incoming. Otherwise, we'll return to whipsaw.
Following patterns like a beauty really nice to trade right now hopefully see the neck line tested soon good to buy in at the moment after a little correction or wedge happy trading
I don't like this daily candle. At this point I think is better "wait and see". Anything could happen.
Hi all, I’m a very biginner trader, so I would love some feedback as to whether I’m right or completely off track. I’m seeing a squeeze that resulted in a small breakout leading into an up trend signaling that a new up trend has begun. I’ve used Fib Speed Fan and Retracement to call resistance points as you’ll see. Please let me know your thoughts. Thanks, CKinofler
This is my basic view how I look at the market. I see there basic trends and trading ranges. I also apply Fibonacci Retracement. I have to look at minutes timeframes to say up or down.
48,13 est notre objectif ! Tendance haussière ! On va chercher à taper le haut du graph RSI !
On the weekly XAUUSD chart, I marked the bounces of gold_prices between upper BB, median line and lower BB…. Bollinger bands seems to have worked pretty well, which might give us a clue. Engulfing red candles clearly indicate the strength of bears in the market. Now we are on the median line of Bollinger Band, where we might see a reaction of bulls. Otherwise,...
Just playing around with the Bitcoin Charts. I will look to the OBV to confirm the short term Bearish trend.
Technicals on $GEVO are far beyond bullish. We have the 50DMA curving under the current 30 min candle setup and the PARSAR has flipped bullish. An ascending cup is forming and it is poised for a breakout back to prior levels. In addition we also have the gap down from $2.50 to fill. LT after the ER is posted and wind of the technicals catches on we could see...
This is a new idea but relates to my earlier idea. Patience! I have drawn a a classic harmonic AB=CD pattern. I quote ( paraphrase ) from Carney's book, "....it's hard to make yourself believe the stock will reverse because the sell off has been dramatic and the stock appears weak....but you must sell at D...not believing this initially cost me a lot of money" ...
Weekly candles look like an uptrend is forming. Look for the trendline to be broken (and eventually retested) for confirmation.
This trade right here is a textbook short. The price level just bounced with decent rejection off of a long term, important price level, and with the weak attempt strength, its doubtful that this trade will be going higher than lower in the next week. I'm shorting to .98104, although I may get out sooner if I sense price turning around quicker than expected.