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.
ZCASH POTENTIAL SHORT
1D Chart:
*Zcash is in a downtrend on the daily timeframe
*150-151 area is recent significant structure on the daily timeframe
*price pulling back making inside return into structure
4H Chart:
*price breached signicant structure and broke it around 150-151 handle
*price has held beneath this structure on the 4H
*sellers showing stronger ...
BTC has been rejected once again at the top of its current 9-day consolidation range. Since we're still technically in a macro downtrend (lower highs and lower lows ), we're looking for short setups.
Temporary support has been found at the middle of our range and 4-hr reversal zone. We're not looking to take a long back up to the top of the range as the R/R is ...
Entry 138.xx
Target 146.xx
140.43 Key Support
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Entry Around 1.24xx-1.25xx (1.2450 Precisely)
Targets 1.33xx-1.34xx
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I don't trade oil for those who preffer.
Entry 70.xx
Targets 5x.xx - 4x.xx
Above 40
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https://www.tradingview.com/x/yUlNC1cp/
On the monthly we have a clear down-trend. Price has rejected monthly support line. looking for a short position entry on the daily. Waiting for mor confirmation
On the daily we see a nice pullback to the 0.5 fib waith a doji on the close of the daily candle. waiting for confirmation in the next session or two for entry
Looks like a bearish pattern emerging and we have divergence with Nas off -20 and Sand P flat now. Look to see if we get orphan harami for the day might lead to Wave 2 down on Monday for a buy opportunity.
Markets hate an unfilled gap. Look for Dow to retrace significant part of Thursday green candle before resuming upwards march.
Not investment advice just ...
Hello Crypto fans,
if i try to see the future, i often visit the past.
Bitcoin is now better in the fundamentals, but the big boys wanted the best price for there market entry!
If we take the same percentage in a log chart, you see that we could go down to more or less 3.000 USD, but after that point we go up 3 years and make a 100x of our investment!
That´s ...
This is a price prediction for Chevron I made using Gann angles and Ichimoku graphing. I am predicitng it will reach the green area and rebound upwards.
EURAUD SELL
Entry: 1.5695 - 1.5705
SL: 1.5755
TP1: 1.5650
TP2: 1.5595
TP3: 1.5550
TP4: 1.5500
TP5: 1.5450
Risking 50-60 PIPS
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