Candlestick analysis focuses on individual candles, pairs or at most triplets, to read signs on where the market is going. The underlying assumption is that all known information is already reflected in the price. The technique is usually combined with support & resistance. Each candle contains information about 4 prices: the high, the low, the open and the close. A candle body reflects the net price movement between open and close while the wicks show reversals that occurred within the timeframe of the candle.
Each candlestick, therefore, provides an easy-to-decipher picture of the price action. The length of the wicks versus the length of the body in combination with whether a candle is bullish or bearish, can be used to determine a signal for the price action to come. Common candlesticks that are used in this analysis are dojis, spinning tops, hammers, engulfing candles, pinbars and inside bars.
Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30m
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: Red -> Blue
Medieum Timeframes: Red Series
Long Timeframes – Context: Green Series
Long Wick Candle in 1H Timeframe
Demand Zone: 11100 -- 11350
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Since Trump is actually still in office I would like to see this happen with EURUSD, but interest rates are also messin w the vibe so who tf knows mate
EURGBP Short with Price action
0.9050 is very strong suppply zone
and today a bearish candle break
yesterday's low, which indicate the future bearish trend
i.e we can sell EURGBP and catch a mid term swing trade
aim 0.8850 AND 0.8680
WEEKLY - Price is currently trading at a significant high, on 2018 price had reached this level of resistance and rejected breaking above resistance, and is now trading at that level, will a case of "History will repeat itself" happen here?
DAILY - Price made a huge rejection at the strong resistance zone and gives us a clear signal to go short, however we will...
I am looking for a bounce here as the EURUSD formed a bullish hammer candle yesterday at the bottom of the channel and the 1.271 extension. Minimum target at the channel upper trend line.
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Technician
Stock trading in downtrend regression pattern & gave a beautiful trend reversal signal with MORNING STAR PATTERN .
seems further buyer will take completely control .
for me it will touch 544 soon .
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Wish Everyone The Dragon Boat Festival
BTC Now complete the Bullish Bat pattern
and good price action with the yellow demand zone
Therefore we can buy BTC now and SL below X
TP1: 8500 TP2: Long term Hold
In this video , you will learn what is my trading plan for gold
you will also learn:
Structure
Inside Bar
Pin Bar
Doulbe Top
Multiple Timeframe Analysis
Trade what you see
Please watch the entire video and enjoy learning
Plan your trade and trade your plan !
USOIL Touched 0.618 and form Inside Bar
51.60 is the place that I mention on Tuesday
and now in daily chart it fromed Inside Bar
and already break up
Thus, We can buy Oil using lower time frame
and aim for a rally to 57.00 / 60.60
Downtrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases.
Upcoming...
#BAT ready for massive accumulation zones, perfect time for looking this coin, sincerely im gonna buy if price reach the trend line, if not my grey zone is perfect for long term investment.
Enphase Energy is gaining momentum as it continues to defy the overall bearish sentiment of the stock market. It gapped up on High Frequency Trader action recently, and is continuing an upward trajectory.
RUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.
Bitcoin update: Even in the face of a bullish pin bar, it is still reasonable to say that this market is going no where fast. Candle stick formations are random and what gives them any analytical value is WHERE they appear. Since our swing trade exit at 4125, we have been PATIENTLY WAITING for a setup that offers attractive reward/risk.
The typical trader craves...
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