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Candlestickanalisys

What Is the Evening Star Candlestick Pattern?What Is the Evening Star Candlestick Pattern? Candlestick patterns offer traders a way to read price action and spot potential changes in momentum. One notable pattern is the evening star, a three-candle formation that signals the start of a possible downtrend. This article breaks down what the evening star looks like, how it works, and how traders typically use it. What Is the Evening Star Candlestick Pattern? The evening star is a three-candle pattern that traders watch for after a strong upward move. It’s considered a bearish reversal pattern, signalling that bullish momentum is fading. The setup consists of three candles: - The first candle is a large bullish candle—it shows a clear upward direction. - The second is much smaller. This middle candle—the star—reflects hesitation. Buyers and sellers are more balanced, and the market’s pace slows. - The third candle acts as confirmation. It’s a solid bearish candle that closes deep into the body of the first. The middle candle also often gaps up from the first, especially in stocks or indices, but gaps aren’t essential. What matters is the sequence: strength, indecision, reversal. The further the final candle closes into the body of the first, the stronger the pattern is considered. Evening stars can appear on any timeframe, but many traders look for them on the daily chart where the signals tend to be clearer. It’s not a pattern to act on blindly—but in the right context, such as after a sustained bullish trend, it’s a useful sign that buyers might be losing control. The Psychology Behind the Evening Star It may be always useful to frame the formations like the evening star candle pattern in the context of market psychology. Here, the first bullish candle signals buyer confidence. They drive prices higher and the candle closes strongly. The next candle is smaller, suggesting that momentum is slowing. Buyers aren’t pushing as hard, and sellers start to step in. When the third candle closes strongly bearish, it confirms that sentiment is changing. Sellers are now in control, and previous buying strength fades. This shift often happens at the end of an extended upward movement, where fewer buyers are willing to bid the price up and begin closing positions. How Traders May Use the Evening Star Candlestick Formation The evening star may be a useful part of a trader’s toolkit, especially when it lines up with other pieces of analysis. Opening and Closing a Trade The evening star pattern candlesticks become more meaningful when they appear around known areas of resistance or previous swing highs. If the market’s been edging closer to a clear level—like a horizontal resistance line, Fibonacci retracement, or trendline—and then an evening star forms, it can add weight to the idea that the rally is weakening. Some traders also watch for patterns forming near round numbers or psychological price points. If traders notice an evening star pattern occurring at a resistance level, they typically look for confluence using another indicator. The RSI might signal a bearish divergence, the price may be piercing an upper Bollinger Band, or it could also be bouncing from a 200-period EMA. Volume can be another factor—rising volume on the third candle can signal more participation behind the selling. Once a trader has confidence that a bearish reversal is likely underway, they often use the candles following the third candlestick as an entry trigger. A stop loss might be set above the middle candle’s high, while take-profit targets might be placed at an area where a bullish reversal might occur, like a support level. Some might simply trail a stop to take advantage of the strong downtrend or exit when an indicator/candlestick pattern signals that bearish momentum is fading. Marking Potential Trend Shifts Some traders use the evening star to flag potential trend exhaustion. While they may not act on the signal (e.g. they are bullish overall and not willing to take shorts yet), the presence of an evening star can suggest the uptrend is vulnerable. They may prepare to buy a pullback, partially close an existing long position, or start watching for further bearish signals. Example Trades In the example above, we see a slight rally in AUD/USD in a broader downtrend (off-screen). Price initially pierces the upper Bollinger Band, with slight rejections visible in the upper wicks. After a brief dip, the market retests highs and finds resistance. At this point, the pattern forms, with confirmation coming from relatively weak candles afterwards. Price then closes through the midline of the Bollinger Bands, providing full confirmation of a bearish reversal. In this second example, we can see a failed evening star. Here, Amazon (AMZN) gaps up over two consecutive days. That leads the 50-period EMA to slope up and cross above its 200-period counterpart—a clear bullish signal. In this context, it may be better to ignore the signal. The market continues to move higher in an uptrend with consecutive bullish gaps, confirmed by the EMA crossover, indicating a lower probability the pattern will work successfully. Like any pattern, the evening star is expected to be more reliable when contextual factors align, such as in the AUD/USD example. Strengths and Limitations of the Evening Star The evening star has its strengths and limitations. To rely on the evening star in trading, it’s worth being aware of both sides. Strengths - Clear visual structure: The three-candle formation is straightforward, especially on higher timeframes. - Logical: The pattern reflects an evident change in momentum that shifts from buying to selling pressure. - Useful in a wider toolkit: When combined with other forms of analysis (resistance levels, overbought signals, strong volume), it can help traders pinpoint potential turning points and offer an entry. Limitations - Requires confirmation: On its own, the pattern doesn’t confirm a downtrend. It’s a potential signal, but not a guarantee. - Less reliable in choppy markets: In sideways or low-volume markets, evening stars usually produce false signals. - Subject to interpretation: Candle size, wicks, and placement can vary, which means not every setup is clean or tradable. The Bottom Line The evening star pattern offers traders a structured way to identify potential turning points in the market. Its three-candle formation makes it popular among those seeking greater confirmation than single-candle patterns. FAQ What Does an Evening Star Candle Pattern Mean? It’s a three-candle formation that appears at the end of a solid uptrend. An evening star in trading indicates a potential bearish reversal or a short-term downward movement depending on market conditions and the timeframe used. Is the Evening Star Bullish or Bearish? The evening star is considered a bearish pattern that shows buyer exhaustion. A third long bearish candle reflects a change in the market sentiment. How Do an Evening Star and a Hanging Man Differ? The evening star is a three-candle pattern showing a gradual change in momentum. The hanging man is a single-candle pattern, with a small body and long lower wick. Both are bearish reversal signals, but the hanging man typically requires greater confirmation. How Do a Shooting Star and an Evening Star Differ? The shooting star is a one-candle pattern with a long upper wick and a small body that signals rejection at higher prices. The evening star is a three-candle pattern. Both formations reflect a shift from bullish to bearish sentiment. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Japanese Candlestick Cheat Sheet – Part Three- 3 candle patternsSo far in this series, we've broken down single candle formations ( Part 1 ) and explored double candle signals ( Part 2 ) — the kind of patterns that give you quick, often powerful hints about the market’s mood. But now it’s time to go a step further. 👉 In Part 3, we dive into triple candlestick formations — patterns that take more time to form, but often offer stronger confirmation and a more reliable narrative. They’re like reading three full sentences from the market instead of just one or two words. If you’re ready to spot momentum shifts (not noise), this lesson is for you. Let’s decode the story behind formations like Morning Star, Three White Soldiers, and so on. MORNING STAR Bias: Bullish What is the Morning Star pattern? The Morning Star pattern consists of a bearish candle, a small-bodied middle candle, and a bullish candle, forming at the end of a downtrend to signal potential reversal. This pattern reflects a shift from seller dominance to buyer strength, as the middle candle marks a pause before a reversal. The Morning Star is a reliable signal that buyer interest is reemerging. Understanding Morning Stars helps traders anticipate shifts in momentum, providing valuable entry points for new uptrends. Meaning: Found in downtrends; signals potential bullish reversal as buyers gain control, with strength confirmed by the third candle closing above the first. BULLISH ABANDONED BABY Bias: Bullish What is the Bullish Abandoned Baby pattern? The Bullish Abandoned Baby is a rare but powerful reversal pattern that consists of a bearish candle, a gapped doji, and a bullish candle. The middle doji reflects indecision, while the third bullish candle confirms the reversal. This pattern highlights a dramatic shift in sentiment, showing that buyers are prepared to take control. Recognizing the Bullish Abandoned Baby can offer traders insights into pivotal market shifts. Meaning: Appears in downtrends; suggests a strong bullish reversal, as the middle doji shows indecision, with confirmation by a strong bullish move. THREE WHITE SOLDIERS What is the Three White Soldiers pattern? The Three White Soldiers pattern consists of three consecutive bullish candles, each closing higher than the last, often appearing in downtrends to signal a potential bullish reversal. This pattern reflects sustained buying pressure, indicating that buyer sentiment is strong. Psychologically, it shows that buyers are steadily gaining confidence, pushing prices upward. For traders, Three White Soldiers provide a clear signal of momentum, ideal for capturing emerging trends. Meaning: Found in downtrends; signals potential trend reversal, showing sustained buying strength, often signaling the start of a bullish trend. MORNING DOJI STAR What is the Morning Doji Star pattern? The Morning Doji Star pattern is similar to the Morning Star, but with a doji as the middle candle, indicating greater indecision before a reversal. This pattern consists of a bearish candle, a doji, and a bullish candle, highlighting a transition from bearish to bullish sentiment. The doji reflects a moment when market sentiment is balanced, but the third candle confirms a bullish shift. Interpreting Morning Doji Stars can help traders identify turning points in downtrends, providing valuable entry opportunities. Meaning: Appears in downtrends; signals potential bullish reversal, with indecision from the doji and confirmation by a strong bullish candle. EVENING STAR What is the Evening Star pattern? The Evening Star is a three-candle pattern that appears at the top of an uptrend, signaling a potential bearish reversal. It consists of a bullish candle, a small-bodied middle candle, and a bearish candle, showing a transition from buyer control to seller strength. This pattern often appears at market peaks, where optimism is giving way to caution. Understanding the Evening Star pattern helps traders anticipate downtrend formations, allowing them to time their exits. Meaning: Found in uptrends; signals potential bearish reversal as sellers gain control, confirmed if the third candle closes below the first. BEARISH ABANDONED BABY What is the Bearish Abandoned Baby pattern? The Bearish Abandoned Baby is the bearish counterpart to the Bullish Abandoned Baby and consists of a bullish candle, a gapped doji, and a bearish candle. This pattern reveals a dramatic shift in sentiment from bullish to bearish, highlighting a sudden reversal at the top of an uptrend. Recognizing the Bearish Abandoned Baby can offer traders insight into market tops and impending trend changes. Meaning: Appears in uptrends; indicates strong bearish reversal, as indecision in the doji is followed by selling strength. THREE BLACK CROWS What is the Three Black Crows pattern? The Three Black Crows pattern consists of three consecutive bearish candles, each closing lower than the last, appearing in uptrends to signal potential reversal. This pattern reflects sustained selling pressure, indicating that sellers are gaining control. The Three Black Crows highlight a moment when buyer confidence wanes, marking the beginning of downward momentum. For traders, this pattern provides a clear signal to avoid buying into weakening trends or even entering short trades. Meaning: Found in uptrends; signals potential bearish reversal, with sustained selling pressure often marking the start of a downtrend. EVENING DOJI STAR What is the Evening Doji Star pattern? The Evening Doji Star is similar to the Evening Star, but with a doji as the middle candle, highlighting greater indecision. This pattern consists of a bullish candle, a doji, and a bearish candle, indicating a shift from bullish to bearish sentiment. The doji suggests that buyers are losing control, with sellers prepared to reverse the trend. Understanding Evening Doji Stars allows traders to recognize market tops, helping them avoid overextended trends. Meaning: Appears in uptrends; signals potential bearish reversal, as the doji suggests indecision, confirmed by strong selling on the third candle.
Education
by Mihai_Iacob
15
$PUMP Price Will Hit $0.006 this July 2025 see on Chart...🚀 NYSE:PUMP Price Will Hit $0.006 this July 2025, NYSE:PUMP is Showing a Double Bottom Pattern Looking on Chart now. Double Bottom Pattern is a Reversal Pattern and It's will Manipulation Price of Pump. I'm Find a Three White Shoulders Candle in bottom price area on 4h Chart & It is a Bullish Candle. Now Price Retest and If it's Breakout it will be happened this month. #Write2Earn #TrendingPredictions #AltcoinSeasonLoading #pump #SUBROOFFICIAL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance.
Long
by SUBROOFFICIAL
Japanese Candlestick Cheat Sheet – Part OneSingle-Candle Formations That Speak Before you dream of profits, learn the one language that never lies: price. Indicators are just subtitles — price is the voice. Japanese candlesticks are more than just red and green bars — they reflect emotion, pressure, and intention within the market. This series will walk you through the real psychology behind candlestick patterns — starting here, with the most essential: 🕯️ Single-candle formations — the quiet signals that often appear before big moves happen. If you can’t read a doji, you’re not ready to understand the market’s hesitation. If you ignore a hammer, you’ll miss the moment sentiment shifts. Let’s start simple. Let’s start strong. This is Part One of a five-part series designed to build your candlestick fluency from the ground up. 1. DOJI Bias: Neutral What is the Doji pattern? The Doji candlestick pattern forms when a candle’s open and close prices are nearly identical, resulting in a small or nonexistent body with wicks on both sides. This pattern reflects market equilibrium, where neither buyers nor sellers dominate. Dojis often appear at trend ends, signaling potential reversals or pauses. As a fundamental tool in technical analysis, Dojis help traders gauge the psychological battle between buyers and sellers. Proper interpretation requires context and experience, especially for spotting trend shifts. Meaning: Indicates market indecision or balance. Found during trends and may signal a reversal or continuation based on context. LONG-LEGGED DOJI Bias: Neutral What is the Long-Legged Doji pattern? The Long-Legged Doji captures a moment of intense uncertainty and volatility in the market. Its long wicks represent significant movement on both sides, suggesting that neither buyers nor sellers have control. This back-and-forth reflects the psychology of market participants wrestling for control, which often foreshadows a shift in sentiment. When traders see a Long-Legged Doji, it highlights the need to monitor for potential changes in direction. They can appear within trends, at potential reversal points, or at consolidation zones. When they form at the end of an uptrend or downtrend, they often signal that the current trend may be losing momentum. Meaning: The prominent wicks indicate volatility. Buyers and sellers pushed prices in opposite directions throughout the session, ultimately reaching an indecisive close. SPINNING TOP Bias: Neutral What is the Spinning Top pattern? A Spinning Top is a candlestick with a small body and long upper and lower wicks, indicating that the market has fluctuated significantly but ultimately closed near its opening price. This pattern often points to a moment of indecision, where both buyers and sellers are active but neither dominates. Spinning Tops are commonly found within both uptrends and downtrends and can suggest that a trend is losing momentum. For traders, a Spinning Top provides a valuable insight into market psychology, as it hints that the prevailing sentiment may be weakening. While Spinning Tops alone aren’t always definitive, they can serve as a precursor to larger moves if the following candles confirm a shift in sentiment. Meaning: Shows indecision between buyers and sellers. Common in both up and downtrends; signals potential reversal or pause. HAMMER Bias: Bullish What is the Hammer pattern? A Hammer candlestick appears at the end of a downtrend, with a small body and a long lower wick. This shape reflects a moment when sellers pushed prices lower, but buyers managed to absorb the selling pressure and drive prices back up before the close. This pattern is particularly important for spotting potential reversals, as it indicates that buyers are beginning to reassert control. Hammers reveal the underlying psychology of a market where buying confidence is emerging, even if sellers have dominated for a while. To successfully trade this pattern, it’s essential to confirm the reversal with subsequent candles. Meaning: Showing rejection of lower prices. Signals potential bullish reversal, especially if followed by strong buying candles. INVERTED HAMMER Bias: Bullish What is the Inverted Hammer pattern? The Inverted Hammer forms at the bottom of a downtrend, with a small body and long upper wick. This pattern shows that buyers attempted to push prices higher, but sellers ultimately brought them back down by the close. The Inverted Hammer is an early sign of buyer interest, hinting that a trend reversal may be underway if subsequent candles confirm the shift. Interpreting the Inverted Hammer helps traders understand where sentiment may be shifting from bearish to bullish, often marking the beginning of a recovery. Recognizing these patterns takes practice and familiarity with market conditions. Meaning: Showing rejection of higher prices. Can signal bullish reversal if confirmed by subsequent buying pressure. DRAGONFLY DOJI Bias: Bullish What is the Dragonfly Doji pattern? The Dragonfly Doji has a long lower wick and no upper wick, forming in downtrends to signal potential bullish reversal. This pattern reveals that sellers were initially in control, pushing prices lower, but buyers stepped in to push prices back up to the opening level. The Dragonfly Doji’s unique shape signifies that strong buying support exists at the lower price level, hinting at an impending reversal. Recognizing the psychology behind a Dragonfly Doji can enhance a trader’s ability to anticipate trend changes, especially in markets where support levels are being tested. Meaning: Found in downtrends; suggests possible bullish reversal if confirmed by a strong upward move. BULLISH MARUBOZU Bias: Bullish What is the Bullish Marubozu pattern? The Bullish Marubozu is a large, solid candle with no wicks, indicating that buyers were in complete control throughout the session. This pattern appears in uptrends, where it signals strong buying momentum and often foreshadows continued upward movement. The absence of wicks reveals that prices consistently moved higher, with little resistance from sellers. For traders, the Bullish Marubozu offers a glimpse into market psychology, highlighting moments when buyer sentiment is particularly strong. Learning to identify these periods of intense momentum is crucial for trading success. Meaning: Showing complete buying control. Found in uptrends or at reversal points; indicates strong buying pressure and likely continuation of the trend. SHOOTING STAR Bias: Bearish What is the Shooting Star pattern? The Shooting Star appears at the top of an uptrend, characterized by a small body and a long upper wick, indicating a potential bearish reversal. Buyers initially drove prices higher, but sellers took over, bringing prices back down near the open. This shift suggests that buyers may be losing control, and a reversal could be imminent. Interpreting the Shooting Star gives traders valuable insights into moments when optimism begins to fade, providing clues about a potential trend shift. Meaning: Indicating rejection of higher prices. Signals a potential bearish reversal if followed by selling pressure. HANGING MAN Bias: Bearish W hat is the Hanging Man pattern? The Hanging Man candle forms at the top of an uptrend, with a small body and long lower wick. This pattern suggests that sellers attempted to drive prices down, but buyers regained control. However, the presence of a long lower shadow hints that sellers may be gaining strength, potentially signaling a bearish reversal. The Hanging Man pattern reflects market psychology where buyers might be overextended, making it a valuable tool for identifying potential tops in trends. Meaning: Signals potential bearish reversal if confirmed by selling candles afterward. GRAVESTONE DOJI Bias: Bearish What is the Gravestone Doji pattern? With a long upper wick and no lower wick, the Gravestone Doji reveals that buyers pushed prices up, but sellers eventually regained control. Found in uptrends, it suggests that a bearish reversal could be near, as the upper shadow indicates buyer exhaustion. The Gravestone Doji often appears at market tops, making it a valuable indicator for those looking to anticipate shifts. Understanding the psychology behind this pattern helps traders make informed decisions, especially in markets prone to overbought conditions. Meaning: Showing rejection of higher prices. Found in uptrends; signals potential bearish reversal if followed by selling activity. BEARISH MARUBOZU Bias: Bearish What is the Bearish Marubozu pattern? The Bearish Marubozu is a large, solid bearish candle without wicks, showing that sellers held control throughout the session. Found in downtrends, it signals strong bearish sentiment and suggests that the trend is likely to continue. The lack of wicks reflects consistent downward momentum without significant buyer support. This pattern speaks about market psychology, offering traders insights into moments of intense selling pressure. Recognizing the Bearish Marubozu can help you align with prevailing trends and avoid buying into weakening markets Meaning: Showing strong selling pressure. Found in downtrends; signals continuation of the bearish trend or an intensifying sell-off. 👉 Up next: Double-candle formations – where price meets reaction.
TRADENATION:XAUUSDEducation
by Mihai_Iacob
32
$BTC Price Showing a Bullish Flag Pattern & Breakout see chart..CRYPTOCAP:BTC Price Breakout of Bullish Flag Pattern. I'm guess it's going to the next Price Zone $115K and if Breakout thank going $122K price zone. I was telling some coins that was saying Multiple Profit and now coins are driving on the way. There are coin is ETH, BNB, XRP, SOL, TRX, TON, SUI, ADA, ICP, ARB, XLM. Ric Edelman Urges Up to 40% Crypto Allocation, Predicts Bitcoin Surge to $500K Top advisor Ric Edelman recommends investors allocate up to 40% to crypto, forecasting Bitcoin could reach $500K with rising institutional demand. Ric Edelman advises investors to allocate 10% to 40% of their portfolios to crypto, based on their risk tolerance. Edelman predicts Bitcoin could reach $500,000 if just 1% of global assets shift into the cryptocurrency sector. His endorsement is viewed as a major TradFi signal, given his $300 billion asset management influence in the advisory industry. Ric Edelman, the founder of Edelman Financial Engines and DACFP, has recommended investors shift a significant portion of their portfolio to cryptocurrency. In a recent whitepaper, Edelman advised allocating between 10% and 40% to crypto, depending on individual risk tolerance. This guidance marks a break from the conventional 60/40 stock-to-bond portfolio model, which he believes is no longer practical in a rapidly advancing economic environment. According to Edelman, conservative investors should hold 10% in crypto, moderate investors 25%, and aggressive investors 40%. He cited technological advancements and increased life expectancy as reasons to move away from traditional investment formulas. He emphasized that ignoring crypto means betting against an asset class that has outperformed all others over the past 15 years. Bitcoin Price Could Hit $500,000 with Minimal Asset Shift Edelman also presented a bullish projection for Bitcoin, suggesting it could reach $500,000. He explained that a 1% allocation of the $750 trillion in global assets toward Bitcoin would inject $7.5 trillion into the market. Based on current valuations, this inflow could significantly drive the asset’s price. He underlined this estimate as simple arithmetic based on supply and demand trends. Edelman pointed to growing institutional interest and policy changes as key drivers for crypto’s rise. He highlighted that Tether, a major stablecoin, reported $13 billion in profits last year, surpassing companies like McDonald’s and Ford. He also noted that a pro-crypto political climate, especially following Donald Trump’s reelection, is setting favorable conditions for digital assets. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
CRYPTO:BTCUSDLong
by SUBROOFFICIAL
Capturing Market Moves with the Special Candle SetupOverview The Special Candle Setup Indicator has once again proven its effectiveness in detecting high-probability candlestick formations. In this chart, a bearish pattern was identified at the top, providing an early indication of a potential downside move. This setup allowed traders to position themselves accordingly, capturing the downward trend efficiently. How It Worked Here 🔹 Precise Bearish Signal – The indicator detected a bearish pattern at a key resistance level, signaling a potential reversal. 🔹 Well-Defined Key Levels – The automatically plotted blue support line and green resistance line provided crucial reference points for trade management. 🔹 Trend Continuation Confirmation – The setup was followed by further bearish price action, validating the accuracy of the signal. Key Takeaways ✅ Early Signal Accuracy – The indicator highlighted the reversal before the major drop, reinforcing its reliability. ✅ Multi-Market Application – These candlestick formations are not limited to expiry days; they are observed across crypto, forex, stocks, and indices. ✅ Customizable for Different Strategies – Users can enable or disable specific pattern types (bullish/bearish or reversal setups) based on their trading style. Why This Matters? Price action remains one of the most powerful trading tools, and this indicator helps traders automate pattern detection while integrating dynamic support and resistance levels for added confluence.
Long
by TradeTechanalysis
GBPUSD Week 9 Swing Zone/LevelsLast week saw a few pinched pips and also few losses. This highlights the benefit of having a good risk to reward ratio. Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc). This generates a fairly accurate levels with actual price action determining trades. SL, stoploss is usually btw 10-15pips TP, Takeprofit is 5-10x that, with sl moving to BE, breakeven once trade pinches +20pips.
Short
by PinchPips
FIL on the Rise Eyeing a Breakout to $6+Key Observations 1. Channel Formation The price is attempting to move within an ascending channel formation. The lower trendline acts as support, while the upper trendline serves as resistance. 2.Current Price Action The price is approaching the upper boundary of the channel. To confirm bullish momentum, a strong 4-hour candle close above the channel is essential. 3. Resistance and Target A breakout above the channel indicates a bullish continuation, with the immediate target around $6+. $5.50 might act as minor resistance before the target. 4.Support Levels If the price fails to break out, the lower channel line (around $5.00) will serve as a critical support zone. A break below this support could invalidate the bullish scenario. 5. Volume Confirmation Monitor trading volume for confirmation. A breakout with high volume increases the likelihood of reaching the target. 6. Market Sentiment Current sentiment aligns with a potential bullish breakout if external factors like Bitcoin movement or news events don’t cause significant volatility. Strategy Entry: Wait for a confirmed 4-hour candle close above the upper trendline with support retest. Target: $6.00+ Stop-Loss : Below the channel’s lower boundary (e.g $4.90) The setup looks promising, but caution is advised due to market volatility. Always use proper risk management when trading.
by wolfchemist
GBP/USD shorts to take level 1.24853With the heavy downwards price action we have been seeing on both GU and EU which directly correlates with the GU and the bullish price action of the dollar which goes against the Gu we can anticipate that Gu will continue in this downwards trend to take the last LL at price point 1.24853. looking deeper into candle anatomy we see that Fridays price action left a strong bearish candle signifying sellers are in control. We also see that there are multiple ASL to the downside and other pools of liquidity which can be TP targets. However, there are many demand zones we could see price push up from in the short term to collect liquidity to the upside before continuing in its overall HTF downtrend. It is also possible price could push up market open taking the ASH that lay above before melting.
Short
by JamelCapital
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts. The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing: Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days: ___________________________ BINANCE:BTCUSDT
by Crypto-Check-
13
Quarter Theory: Intraday Trading Mastery - Part 1 IntroGreetings Traders! In today’s video, we’ll be introducing Quarter Theory Intraday Trading Mastery, a model grounded in the algorithmic nature of price delivery within the markets. We’ll explore candle anatomy and learn how to predict candle behavior on lower timeframes to capitalize on intraday trading opportunities. This model will also help us identify the optimal trading sessions and execute trades with high probability, all while effectively acting on market bias. This video will focus primarily on the foundational content, with practical examples to follow in the next video. In the meantime, I encourage you to practice these concepts on your own to deepen your understanding. This video is part of our ongoing High Probability Trading Zones playlist on YouTube. If you haven’t watched the previous videos in the series, I highly recommend checking them out. They provide crucial insights into identifying market bias, which Quarter Theory will help you act on effectively. I’ll attach the links to those videos in the description below. Premium Discount Price Delivery in Institutional Trading: Mastering Institutional Order-Flow Price Delivery: Quarter Theory Mastering Algorithmic Price Movements: Mastering High Probability Trading Across All Assets: Best Regards, The_Architect
OANDA:NAS100USDEducation
by The_Archi-tect
GBPJPY still gives bearish sentiment$$$Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap. My intentions is to dropdown into a lower time frame and look for an entry to short the market. The Asian and London highs has been breached absorbing liquidity in the form of buystops. After a low or high is taken price usually runs up about 20-30 pips more before making a correction or trend reversal. Everyone have a safe and productive trading week!!!
Short
by DTradesFX2
ON Semiconductor lags its leading peer Engulfing Candle LONGON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack website. It recently trended down from a push to outside the Bollinger Bands showing extreme buying volaility and price action than a big fade into selling volatility and a slight compression. The TTM squeeze fired just as price fell outside the lower band. Price rose abruptly into and over the trendline and then printed a so called" Big Ass Candle" engulfing about five hours of price action. This is a strong buy. ON will work to catch up with MU NVDA and the frontrunners. I will profit while it runs that race.
NASDAQ:ONLong
by AwesomeAvani
1
Bitcoin Runs into Strong Resistance on the Weekly.Recently, INDEX:BTCUSD has been having a bit of a bull run. This is probably because most people were and are still expecting a Spot ETF to be approved. That is, according to mainstream sources. I'm not sure whether the bull run has finished yet, however, we do have some chart statistics that show Bitcoin will probably have a pullback. Firstly, the RSI is showing >80 on the Daily at the moment, which is very overbought. In fact, during the bull run, Bitcoin hit an RSI number of 90+ temporarily. To put that into perspective, that is the same RSI number Bitcoin hit when it had its late 2021 bull run. RSI on the Daily Secondly, there are two strong trend lines on the weekly chart that Bitcoin has just run into, and its clear they're strong resistance. Weekly Chart I have shorted KUCOIN:BTCUSDT at this level, and I'm expecting the price to go down soon. Although, I could be wrong.
INDEX:BTCUSDShort
by mrdawowski