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Candlestick Analysis

Iron ore snaps back with bullish daily reversalAfter a violent breakdown earlier this week, we have just seen a violent bounce in our iron ore contract, delivering a bullish reversal pattern on the dailies. However, before considering longs, it would be good to see further buying on Wednesday. Tuesday’s hammer was sparked from a zone consisting of the 50DMA and ¥780, the latter coinciding with where the price was capped in late December before eventually breaking higher. As such, the bounce from beneath the level suggests it may now have flipped to offering support, allowing it to be used for protection for those contemplating long trades. ¥790 is a level overhead that needs to be watched given how much work either side of it the contract has done over the past year. It is regularly tested but with far fewer sustained crossovers, meaning price action today may be instructive on whether to buy the dip or fade the bounce. Should the price push above ¥790 and close there, long trades could be established above the level with a stop beneath for protection, targeting ¥805 initially. ¥830 and ¥833.50 are other potential options should the reversal gain momentum. Of course, if the bounce proves to be a false signal and the price reverses back below the 50DMA and ¥780 zone, the setup could be flipped with shorts established beneath the latter with a stop above for protection. ¥770, the 200DMA and ¥750 screen as potential targets, depending on the desired risk reward of the trade. The message from RSI (14) and MACD is one of shifting momentum, with the former trending lower beneath 50, indicating building downside strength. MACD has also crossed the signal line from above but remains in positive territory. While not an outright bearish message yet, should current trends persist it would favour short setups over longs. Good luck DS
CITYINDEX:IRONORECFDLong
by FOREX.com
Why Spotify Stock Is Set to Drop Big TimeI am going to say something that might hurt a few feelings today. If you’re buying Spotify stock right now after this rally… price action is already shaking its head. This stock just had a strong rally, supply is stepping in, and smart money is doing what smart money always does: selling into strength. Let me show you why buying Spotify stock now is suicidal, and why patience — yes, boring patience — will likely be rewarded much lower. Expecting the stock to drop big time, still 50% left to drop until the quarterly demand level at $200 is reached. Bearish long-term option strategies is the way to go.
NYSE:SPOTShort
by AlfonsoMoreno
Downdraft in DoorDash?DoorDash hit a record high in late 2025, but now it may face downside. The first pattern on today’s chart is the price action on October 16. The delivery stock hit a record high, but was rejected and closed under the previous session’s low. Prices remained below the outside day, confirming it as a bearish reversal pattern. Second, DASH gapped lower on November 6 following quarterly results. It tried to rebound but was rejected six weeks later. Next, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late December. That may suggest its long-term direction has turned bearish. Finally, MACD is falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Those signals may reflect a short-term downtrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:DASH
by TradeStation
Nifty Analysis EOD – January 20, 2026 – Tuesday🟢 Nifty Analysis EOD – January 20, 2026 – Tuesday 🔴 100-Day Low Breach: Nifty Panics as 25,500 Support Crumbles. 🗞 Nifty Summary The Nifty opened with a misleading 30-point Gap Up, but the bullish sentiment was vaporized within the first minute. Mirroring yesterday’s bearish intent, the index slipped 150 points from the first tick. While bulls attempted to form a base around 25,435, the 25,500 level acted as a massive supply barrier, repelling every recovery attempt. The subsequent breach of the November 7, 2025, swing low triggered a wave of panic selling that no support level could arrest. Nifty plummeted to test 25,180, marking a deep low of 25,171.35. Closing at 25,232.50, the index has recorded its lowest close in the last 100 days, losing -353.00 points (-1.38%). The primary catalyst for this carnage was a classic structural failure; once key supports were breached, the vacuum created led to a complete “washout” of long positions. 🛡 5 Min Intraday Chart with Levels 🛡 Intraday Walk The day was a masterclass in “Momentum Expansion.” The initial gap-up was a clear trap, and the 150-point slide set a grim tone for the session. The mid-day attempt to hold 25,435 was crushed by the overhead supply at 25,500. As soon as the “Line in the Sand” from November ‘25 was crossed, the algorithmic selling took over. The index is now trading at the bottom band of the channel on the Daily Time Frame. After such a massive 414-point range expansion, the market is severely stretched, suggesting that while the bias is bearish, a “dead cat bounce” or a narrow consolidation phase is likely in the upcoming session. 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 25,580.30 High: 25,585.00 Low: 25,171.35 Close: 25,232.50 Change: −353.00 (−1.38%) 🏗️ Structure Breakdown Type: Strong Bearish Momentum candle. Range: ≈ 414 points — Very high volatility; major range expansion. Body: ≈ 348 points — Aggressive selling with almost no intraday recovery. Upper Wick: ≈ 5 points — Total lack of buying interest at the open. Lower Wick: ≈ 61 points — Late short-covering from the extreme lows. 📚 Interpretation The candle structure represents a complete breakdown of market confidence. Opening at the high and closing near the low (despite a minor bounce) confirms that the bears are in absolute control. The breach of the 100-day closing low and the November swing low confirms that the medium-term structure has turned bearish. Distribution is at its peak. 🕯 Candle Type Strong Bearish Momentum Candle — Indicates decisive selling dominance. This is a “breakout” candle from a larger structural range; typically leads to further downside unless a sharp reversal occurs. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 230.62 IB Range: 150.40 → Big Market Structure: ImBalanced Trade Highlights: 12:41 Short Trade: Target Hit (R:R 1:6.76) Trade Summary: The setup was a textbook “Narrow CPR” play. Despite the Big IB, the combination of an Important Level Breakout and extreme bearish sentiment supported a high-conviction trade. The sustained fall allowed the strategy to capture a massive 1:6.76 R:R, effectively leveraging the panic selling. 🧱 Support & Resistance Levels Resistance Zones: 25380 25430 25480 ~ 25495 25550 25605 Support Zones: 25270 25180 ~ 25145 25060 25000 ~ 24970 🧠 Final Thoughts “Panic is the harvest of broken levels.” The Nifty has reached the bottom of its daily channel, and the RSI is likely approaching oversold territory. For tomorrow, expect a decrease in volatility with a smaller range movement. We might see 25,060 act as a temporary floor, or potentially triggering a “dead cat bounce” back toward the 25,380 resistance. Regardless of the bias, we will wait for the Initial Balance (IB) to form before committing to any intraday actions. The strategy is to respect the trend but be wary of a sharp, low-volume bounce from the channel extremes. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Long trade Pair EURJYP Mon 19th Jan 26 9.00 am (NY time) Entry 183.754 Profit level 184.282 (0.28%) Stop level (0.067%) RR 4.29 🧠 Sentiment & Market Narrative — EURJPY (Buy-Side Bias) Market sentiment has shifted bullish, with EURJPY transitioning from sell-side delivery into buy-side expansion. Price previously completed a sell-side liquidity run below prior session lows, inducing short participation at a discount. This move failed to gain continuation, signalling absorption and accumulation rather than sustained bearish intent. The subsequent bullish displacement and reclaim of internal structure confirmed a change in order flow. From a session perspective: Tokyo provided the initial liquidity sweep and range compression. London confirmed the reversal with strong bullish follow-through from the discount. New York acted as the continuation engine, driving price back into premium. Price is now trading above equilibrium, with upside draw aligned toward unmitigated buy-side liquidity and higher-timeframe inefficiencies. Pullbacks into FVGs and the 0.25–0.50 PD Array are viewed as re-accumulation, not distribution. Unless price re-accepts below the discounted demand zone, sentiment remains risk-on, favouring buy-side continuation.
Long
by davidjulien369