I scalped a sell on Acad last week. But the way those candlesticks are looking on the daily looks like it will make one more push up. It made an overlapping corrective wave pattern but did correct down far enough. It can come down more but looks like sells are trapped.
With BTCUSD -8.09% forming an evening star pattern at critical resistance level , we favour deeper correction of current upward momentum towards 50% retracement of 11239.0 to 7878.50 @ 9558.70. Overall view is still mildly bullish provided price is contained above 38.2% retracement of 11239.0 to 7878.50 @ 9162.2. Price close below 9162.2 will invalidate any bullish bias
Not a candlestick pattern specialist but looks like a text book Bullish Harami on weekly; the green candle body formed last week is completely engulfed by the red candle from the week before. "The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a...
To me it's looking like price action is running into a little resistance on the 4HR chart... at least in my opinion and I explain way in the video. I hope you enjoy, if so give me a like and leave a comment. I would really like to hear you thoughts on where XRP is headed over the next month or so.
We will buy USDCAD after the engulfing above the last consolidation zone.
Purely based on my understanding of TA. $AUDCAD currently moving in a channel. Got a bounce at bottom of the channel + RSI divergence + rejection candle. Personal opinion. Not a financial advice.
Look at pass, and learn on mistakes can bring success to future. Analyzing now last 2 month, can make some plane for this February. Many books about "Japanese candle", and "TA" said that only daily charts, only they carry useful information. Lets see and analyse! P.S. If you see mistake, or different ideas- lets discuss it.
Introduction to my analysis: 1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis. 2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you...
Excellent opportunity to go long!
Today i wanted to revisit the BTCUSD analysis that i shared with you yesterday and introduce a topic that many of you may not be thinking about, but need to be. Akil
Moving Average is White Bar Hello, if we go back to 2017/11/13 and see the moving average, we can see that it is the first time since bullish breakthrough, since maximum record we see the candle stick are moving in a reverse position. Since 2018/01/15 we see prices going below moving average. I think this is the first major signal of bearish market and...
First move must happen the end of the month.The monthly candle must end somewhere near the top of the bar, which is around 10K at the moment. If it closes at the highest, it's a strong signal that January will be a good month. The volume in the monthly chart supports the increase. So, if we see the expected monthly candle, this means fasten your seat belt in January.
Auropharma - 9th Jan2018 Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time. Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a...
this trade was taken off of the daily TF. Market came back into weekly Supply and pushed back down. Created a lower high shown with the yellow eclipse. This LH pushed hard off resistance creating a bullish engulfing pattern. This is where i waited for the market to retest @ 113.077 With stops above previous high and Take profi at the next daily demand zone @ 110.482
The power of price structure: previous resistance is now support. Pretty much lines up with .618 fib retracement level, so a bounce from here could be in the cards. Projected target is 100% fibonacci expansion (or ABCD pattern completion).
Price has put in a nice reversal candle inside my reversal zone. I am now waiting for a L3C for entry reason. I will be looking for a retest of the lows for target.
Normal Risk -- Strong s/r Clear preceding trend Strong indecision 4 hour chart
Last couple of weeks we noticed bulls to be very active in this pair. That can be over very soon,cause we have some good indication that price will be pushed down. There is no Big Fundamental data that can strongly affect this pair in comming days. Techincal analasys showed that USD/JPY reached 1D trendline. Near that level we also have ressistance point. That...