We are going to look at the weekly and daily time frames. WEEKLY (W1) Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area. RSI below 50, @ 47'98 This Dark Cloud Cover pattern neutralized the...
Kajaria is trending downwards with dark cloud forming on Friday (10/12) if continues it will go to the each support mentioned, if it breaks it will go to the strong support for consolidation and sustain well from there. recently head and shoulder was formed in the same hence trend of downwards may continue.
Gold prices produced a bearish Dark Cloud Cover candlestick pattern at downtrend resistance set from August 2020, hinting that a reversal may be ahead. Breaking below initial support anchored at 1750.78 may set the stage for downward extension toward 1717.89. The major bottom at 1676.91 comes into play thereafter. Neutralizing the bearish bias seems to demand a...
We have a Bear Flag here and within that Bear Flag we have a Dark Cloud Cover on the daily signaling that Bearish Continuation is more likely. I will be interested to see if the RSI can break below the 50 line as the downtrend continues. My Take Profit Target will be between the 0.786 and 0.886 retraces below.
I will be looking for an annihilation of the bullish trend from here as this looks like a buying climax to me.
ETH is showing Bearish Divergence and a partial rise in a Right Angled and Ascending Broadening Formation and we just got confirmation to enter short near the support level in the form of a 4HR Dark Cloud Cover Closing.
We have a potential Head and Shoulders entry being confirmed with a Dark Cloud Cover on the Weekly timeframe
This is a second attempt at finding a short opportunity on MRNA after the first failed i have waited and i now see a new signal. I expect that we will see a daily reversal in MRNA from here in respect to the Dark Cloud Cover candle Close we just got on the daily. At minimum we will see a reversal to fill the gap below but at the worst we will go all the way down...
Hello traders and investors! Let’s take a look at Tesla today! Despite the drop, TSLA just did a pullback to its 21 ema in the hourly chart, no big deal. The problem would be if it loses this 21 ema, as the next support level will be the gap area, around the $ 658 , which is also the red line at previous top . Tesla must react quickly in order to avoid this...
SAVA Dark Cloud Pattern, trend reversal coming. Need a confirmation candle to entry. SL 1 ATR above the swing high. NOT FINANCIAL ADVICE, DO YOUR OWN DD AND WORK, TRADE WITH RISK MANAGEMENT.
Hello traders and investors! NIO hit our target at $ 50.40 this week, since we set the target at this level, on Jun 14 ( link to this analysis below this post, if you are curious). Now it defeated the $ 50.40 resistance, and today it is doing a pullback to this price again. This follows the Principle of Polarity : Previous resistances/supports are going to...
The DXY has seen an extreme selloff but looks to be recovering while the EURO seems to be hovering around the 0.786 retrace and showing a Dark Cloud Cover Bearish Reversal pattern along with Bearish Divergence on both the MACD and RSI.
ICICIPRULI is around one of the strong resistance area. price devloped dark cloud cover a day before.
Yesterday TSLA went up to fill a gap before closing bearishly on the daily and ultimately forming a Dark Cloud Cover. This is a bearish signal that could take us down to fill some gaps on the downside, potentially going as low as $412; Any significant price action above the 0.786 retrace will negate this trade and any significant price action below the 55 Day...
Harvey Norman is a popular electronic and household appliance branch in Australia however despite profit levels and steady insider buying some data outlines HVN may be due for a correction. Based on Fundamentals HVN has both negatives and positives. Positives: --> High returns despite covid-19 as Australia retail sales dropped 1% --> Steady insider buying ($1.1...
Hello traders and investors! Let’s talk about GE today! It is my first analysis about it, and I hope it helps! First, in the 1h chart we see that it is trading slightly under the black line at $ 13.27 , which is a Key Point, as it worked as support and resistance alike, in the recent past. If GE loses this point for good, we can expect a sharper pullback in the...
D1 : Another long white bullish candle has been triggered yesterday; today's ongoing price action is showing, for the time being another kind of picture. Indeed, after having, on one hand filled the Fibonacci retracement extension (78.6% @ 55072) and even pushing higher to an intraday high of 55855, BTC has been rejected by the former primary...
Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we...