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Candlestick Analysis

EURUSD BEARISH FALSE BREAKOUT.Price retested previous resistance level at (1.17897 - 1.17713) and was rejected back to the trading range at (1.17441- 1.17213) and formed a double top with bearish engulfing triggering entry. Two Entry Model with different Stop Loss. Entry 1- At the close of the bearish Engulfing Stop loss at 1.17488 at new lower high formed or Stop loss at 1.17806 previous high. Entry 2 -Wait for the trendline break for extra confirmation, Stop loss at 1.17488 at new lower high formed.
Short
by Victor_Kinyanjui
GBPCAD Key Resistance Level + Double Top at the level.Price is at Key Resistance level tested multiple times and Previous High at (1.88375 - 1.86941). Price formed Double Top inside our level followed by Short term trendline with 2 touches. Entry 1 - Aggressive Entry at the Close of the Bearish Engulfing. Entry 2 - Conservative at the break of the Short term trendline in H4 to signal that the previous uptrend is over and sellers are coming in since we are going against the dominant uptrend we need extra confirmation.
Short
by Victor_Kinyanjui
1
EURUSD: Bounce from Triangle Support LineHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, EURUSD has been in a long phase of accumulation, which has formed a large Upward Triangle. This pattern is defined by a flat horizontal resistance at the 1.1770 level and a rising support line, showing that while sellers are holding the highs, buyers are progressively becoming more aggressive on each pullback. Currently, the price is in a corrective pullback phase within this triangle. It is now approaching the ascending support line, a key dynamic level that has consistently provided a floor for the price during this entire consolidation period. My Scenario & Strategy My scenario is built on the expectation that this Upward Triangle will resolve to the upside, in line with its classic technical interpretation. I'm looking for the price to complete its dip and find strong support on the triangle's support line. The key event would then be a decisive breakout above the 1.1770 Resistance. Therefore, the strategy is to watch for this bounce as the entry trigger. A confirmed breakout above the Resistance Zone would validate the long scenario. The primary target for the subsequent expansion is 1.1820, a logical measured move objective after such a prolonged consolidation. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
2
TESLA's Make it or Break it WeekHello I am the Cafe Trader. Today we are taking another look at Tesla. Everyone knows what a beast this has been in the past, I am going to prep you on what to do when awakens. As of today, we sit under the last strong seller before the 400's, breaking this and holding (a close above on a Friday) would make a strong case to test highs (minimum). Overall, I still think there is a strong case for the downside, but this seller determines everything. This is due to the time we have been in the top of the range. So here are your two scenarios Green Scenario If Tesla can push through the strong seller zone (roughly 350–365) and actually close above it, then bulls would gain full control. That opens the door for a continuation move toward 400+. If this happens, I will publish some trade ideas with a new chart. Red Scenario If This Seller continues to flush out these buyers, this could spark a large reaction to the downside. In that situation we would be looking for a move back into the big buyer zone around 290. A failure there could drag us all the way to the conservative trend line near 270. Personally I lean short biased in the next 2-4 weeks, Very bullish over the next few years. Hope you enjoyed, please DM or comment with questions or another stock you would like analyzed. Happy Trading @thecafetrader
NASDAQ:TSLA
by thecafetrader
Don't Hold a Bag, HIMSHello I am the Cafe Trader. Today we’re looking again at the hyped HIMS (Hims & Hers Health). This is a wide range, make sure you get good pricing if you add to the long term. Price is currently sitting right above Strong Buyers These buyers are holding, and the shorts may be exhausting having to cover soon. So I have provided a trade idea to finesse this action. . Green Scenario If buyers continue to hold this demand, I expect a push into the Bottom of Supply around 52. That’s the first stop, and a strong reaction there would tell us whether Sellers are really active, or buyers are ready to push into the higher supply zones. The more aggressive case would be continuation all the way into the Extreme Supply area closer to 65–68. Long Term Aggressive: 44–45 (Strong Buyers, current zone) Extreme Value: 26 (Extreme Demand — if buyers completely lose control, this is where I’d expect institutions to step in). For now, HIMS looks bullish off this demand, but keep in mind that if we do lose this box and rotate down, it could open up a move all the way into the 26 range. so If we close end of week below the strong buyers, don't be afraid to trim your position, and reload at. a better price. Don't be a bag holder. Happy Trading, @thecafetrader
NYSE:HIMSLong
by thecafetrader
8
AMZN Shorts are Losing GripHello I am the Cafe Trader. Today we’re looking at Amazon If you have followed my last couple Idea's on AMZN, we have really pegged down where these players are in the market. This month I wanted to highlight the bullish sentiment with AMZN. This chart shows us something important — shorts are losing grip. Every time they’ve tried to step in, the moves have been getting weaker and weaker. From the sharp -10% drop in early August, to the most recent -1.7% retracement, sellers are showing less conviction. Adding to this, there is a new Aggressor, a new buyer on the market looking to defend their position. This is putting a lot of pressure on the Strong supply, which is a key seller, and really the last one. Green Scenario If AMZN can push through this Strong Supply zone (around 235–240) and hold, then we open the door to a breakout higher. A close above the Strong Supply by the end of the week would really signal the beginning of shorts covering, and an extension toward the 250 area and beyond. NOTE If sellers manage to hold the line here one more time, I expect a dip back into the New Aggressor demand zone around 227–230. If these new buyers fail, we may be in for months of bear territory for AMZN. Watch out for ATH's! Follow and Boost, comment on some stocks you would like to see forecasted. Happy Trading, @thecafetrader
NASDAQ:AMZNLong
by thecafetrader
1
A brief discussion on analysis and next week's trendGood weekend, is everyone having a good day today? Did you get together with family and friends? Regardless, I hope everyone enjoyed themselves. Let me briefly tell you about our situation this week and my views on the gold trend next week. Gold maintained high-level fluctuations overall this week. Although it is still in an upward channel, it can be clearly seen from the daily chart that the upward momentum has slowed down compared with the continuous rise in the previous two weeks. Another intuitive feeling is that the current space below is much larger than the space above. On Thursday and Friday, I repeatedly emphasized that only if gold breaks above 3660 can it continue to rise and reach the short-term high of 3675, or even a new high of 3690-3700. Considering that some friends find it difficult to distinguish between a genuine breakout and a false breakout, I suggested that the short-term resistance level of 3655-3665 be observed. Here I share a small piece of knowledge for your reference. In the face of a possible spike in the market, 80% of fluctuations are within the range of approximately $5-10. If you are unsure whether a resistance level has been effectively broken or a support level has been broken in the short term, you might as well leave yourself some room for maneuver and use a combination of small and large cycles to make judgments to avoid being distracted by false fluctuations. Therefore, next week we can still consider focusing on the upper resistance range of 3655-3665. If the candlestick chart entity stands firmly above the resistance area, then the market will be as we expected, and the upper space is expected to be further opened in the short term. From the news perspective, the first is an invisible piece of news that China and the United States will hold their fourth meeting, which will involve issues such as tariffs. If the two sides reach an agreement or move in a good direction this time, it may cool down the risk aversion sentiment and gold may fall. Secondly, Trump and Fed Governor Tim Cook are currently in legal proceedings. If Trump wins the case, will it reignite concerns about the independence of the Federal Reserve and thus interfere with gold prices? Finally, the most important thing is the Fed's clear interest rate cut basis point. The current market generally expects a 25 basis point rate cut. Whether the "buy expectations and sell facts" strategy we have always emphasized can be fulfilled and trigger a drop in gold prices depends on Powell's speech attitude. If his stance this time leans towards the hawks, then the market trend will most likely be in line with our expectations. Overall, we need to be more cautious when going long on gold next week and not be too greedy for profits. There is limited upward space in the short term. Focus on the breakthrough of the 3655-3665 resistance and beware of the impact of news. At present, everything is just analysis. Specific operations can wait for Monday’s trading strategy. Finally, I wish you all a happy weekend!
OANDA:XAUUSDShort
by TP-Halson
Union Bank trying to bounce from the trend line. Union Bank of India engages in the provision of commercial banking services. It also offers personal and corporate loans. The firm operates through the following segments: Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations and Other Banking Operations. Union Bank of India, Closing price is 133.88. Dividend Yield @CMP = 3.56%. The positive aspects of the company are very attractive Valuation (P.E. = 5.4), Companies with Zero Promoter Pledge, Company able to generate Net Cash, Companies with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Increase in Provisions in Recent Results, De-growth in Revenue, Profits and Operating Profit Margin in recent results (QoQ) and Companies with high market cap, lower public shareholding. Entry can be taken after closing above 134 Historical Resistance in the stock will be 136, 139, 142 and 146. PEAK Historic Resistance in the stock will be 150, 155 and 160. Stop loss in the stock should be maintained at Closing below 124 or 114 depending upon your risk taking ability. A smart investor would be a person who looks at both fundamentals and technicals of the company and invests in a fundamentally strong company which is giving a technical breakout. For this one has to learn Techno-Funda analysis. I have written a book on the subject called The Happy Candles Way To Wealth Creation. In this book you will learn the basics of Techno-Funda investing. The book is available on Amazon and is one of the highest rated books in its category. With an approval rating of 4.8/5 as on date. Lot of investors call it as a Hand book for Techno Funda investing. Most of the chapters are standalone and can be read at your own accord. It will be really helpful to you. To know more about Mother line, Father line and my Mother, Father and Small child theory, Parallel Channel you should once again I recommend, read my book the Happy Candles Way to Wealth Creation. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:UNIONBANKLong
by Happy_Candles_Investment
Shakti Pump Trying to breakout after long consolidation. Shakti Pumps (India) Ltd. engages in the manufacture and sale of various types of pumps and motors. Its products include submersible pumps, submersible motors, solar pumps, vertical multistage centrifugal pumps, single shaft vertical multistage pump, pressure booster pumps, monoblock end suction pumps, submersible pumps, waste water pump, SCP inline pumps, SHS pump, hydro pneumatic booster system, open well pumps, self-priming pumps, shallow well pumps, slow speed pumps, valve, drip, simha universal drive, shakti elite soft starter, and shakti A1 smart starter three phase. Shakti Pumps (India) Ltd. Closing price is 856.65. The positive aspects of the company are Companies with Zero Promoter Pledge, Companies with Low Debt, RSI indicating price strength, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are high Valuation (P.E. = 25.6), Stocks Underperforming their Industry Price Change in the Quarter, De-growth in Revenue, Profits and Operating Profit Margin in recent results (QoQ), Declining Net Cash Flow : Companies not able to generate net cash and Promoter decreasing their shareholding. Entry can be taken after closing above 859 Historical Resistance in the stock will be 899, 955 and 1006. PEAK Historic Resistance in the stock will be 1044, 1084 and 1151. Stop loss in the stock should be maintained at Closing below 826 or 775 depending upon your risk taking ability. A smart investor would be a person who looks at both fundamentals and technicals of the company and invests in a fundamentally strong company which is giving a technical breakout. For this one has to learn Techno-Funda analysis. I have written a book on the subject called The Happy Candles Way To Wealth Creation. In this book you will learn the basics of Techno-Funda investing. The book is available on Amazon and is one of the highest rated books in its category. With an approval rating of 4.8/5 as on date. Lot of investors call it as a Hand book for Techno Funda investing. Most of the chapters are standalone and can be read at your own accord. It will be really helpful to you. To know more about Mother line, Father line and my Mother, Father and Small child theory, Parallel Channel you should once again I recommend, read my book the Happy Candles Way to Wealth Creation. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:SHAKTIPUMPLong
by Happy_Candles_Investment
Index Watch: PSE Index On The Verge of a Breakout. Nifty PSE Index on the Weekly chart has given a good closing above 50 Weeks EMA or a Mother line. RSI is also just below the median line and if we get a closing above 9708 then there are is a good possibility of it going towards 9926. Between 9926 and next resistance at 10218 there is a trend line resistance too. Once we get a closing above this zone the doors for 10414, 10802 and 11K+ level. Currently we got a weekly closing at 9658. Support for Nifty are at 9567 and 9162. If we get a closing below 9162 then PSE can fall towards 8438. Currently shadow of the candle is positive and the closing above Mother line makes it very possible for this index to grow further. When the index is strong and gives a breakout it means that the undercurrent in majority of the companies which constitute the index is strong. There will be some companies which will obviously drag the index down as there cannot be one-way traffic. To know amongst these which companies to invest in an investor should look at fundamentals of the company, recent and past results, cash flows, Sales and order books, EPS and many other factors. While a Technical investor should look at charts of the companies before investing. Nifty PSE index consists of 20 companies. The companies that constitute this index are BEL, BHEL, BPCL, Coal India, Container Corporation, GAIL, HAL, HPCL, IOC, IRCTC, IRFC, NHPC, NMDC, NTPC, ONGC, Oil India, PFC, Power Grid, REC and Rail Vikas Nigam Ltd. Amongst these companies look for strong performers within this index who have given a good result this quarter and have strong EPS growth and good order books as well as trailing PE ratio less than 10 years Average PE ratio. This would result in you finding out the companies which are undervalued and have good growth potential. Capital Goods are essential for a country to grow. A strong GDP will mostly mean strong performance by some these companies. A smart investor would be a person who looks at both fundamentals and technicals of the company and invests in a fundamentally strong company which is giving a technical breakout. For this one has to learn Techno-Funda analysis. I have written a book on the subject called The Happy Candles Way To Wealth Creation. In this book you will learn the basics of Techno-Funda investing. The book is available on Amazon and is one of the highest rated books in its category. With an approval rating of 4.8/5 as on date. Lot of investors call it as a Hand book for Techno Funda investing. Most of the chapters are standalone and can be read at your own accord. It will be really helpful to you. To know more about Mother line, Father line and my Mother, Father and Small child theory, Parallel Channel you should once again I recommend, read my book the Happy Candles Way to Wealth Creation. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:CNXPSELong
by Happy_Candles_Investment
Bulls and Bears Poised to StrikeGold is currently fluctuating in a narrow range around 3635-3655, with no clear signs of a breakthrough. However, judging from the current structure, gold has been showing an overall volatile upward trend since it rebounded near 3615. What needs to be paid close attention to at present is the support performance near 3635. If gold can stand firmly above 3635, it will perfectly maintain the volatile upward structure and provide the prerequisite for breaking through the short-term resistance area of 3655-3665. Once gold uses this as a basis and breaks through the 3655-3665 area, then gold is expected to set a new high again, and even hit the area near 3700. Since the bulls are still in an advantageous position and the overall structure of the market is oscillating upward, we have no reason not to execute long trades based on the long structure. Therefore, I think that in short-term trading, we can consider going moderately long on gold in the 3640-3630 area.
OANDA:XAUUSDLong
by PriceSniper_Steffen