Good short opportunities after a Monday of possible contraction of the asset. The last daily candle rejected by a strong supply indicates bearish continuation; the area between the current low and the 50% retracement appears to be an excellent rangebound area therefore contraction zones could be created before the descent. In the event of a bearish breakout, a...
Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅
The Double Bottom Delight:
Hold tight as...
The market today gave a positive closing above 50 days EMA which was at 19285 which was a good sign but the candle that we saw today was a DOJI candle or a Perfect DOJI candle. This means that the market is indecisive. Only if the support at 19285 is held tomorrow or for the reminder of the week, Nifty can think of a recovery. Supports on the lower side for Market...
A Dragonfly Doji is a candlestick pattern characterized by a long wick or shadow that is significantly longer than its body. It is considered a type of doji, where the opening and closing prices are very close together.
The presence of a large wick indicates a wide trading range during the time period of the candle, while the small body represents minimal...
Based on the provided chart analysis, here is a revised summary of the current market situation:
On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then...
Shree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a...
After a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major...
After an indecision pullback to retest a 4H bullish engulfing, I took a long position based on the higher high and retest of the 30MIN. I'm taking long positions based on the 23.6 retracement of the daily chart. I expect for price to continue to make higher highs as I believe this uptrend is still strong.
By March '23 gold did a strong breakout near the 2000 quote.
After that, the prices did not continue to flow and stucked inside a congestion at that level.
At 04 May '23 the prices tried to overpass the previous top but failed.
This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation....
1/ The Doji Candlestick pattern is a popular chart pattern in technical analysis. It is formed when the opening and closing price of a financial asset are almost the same, resulting in a candlestick with a very small real body.
2/ The Doji Candlestick pattern is significant because it suggests indecision in the market. It can occur at the end of an uptrend,...
I continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy.
Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up.
Also, if you follow the social metric, you know that creators of the crypto content are struggling to get...
OANDA:EURUSD
Hi , trader's .. As per technical analysis , it's visible that market is near to major resistance
price can possibly form double top which can lead market to downside
As price reject from this important resistance there is possible chance of Hanging man or doji candle formation
Any reversal shape candle will be helpful for bear's to take...
Yesterday's choppiness & market direction indecision in the tech sector can be summarized by this DOJI candle on the APPLE daily chart formed off the 200 day MA and closed just above the 21 EMA. Possible reversal to retest and break $150: LONG. Level of support of 146.75 area, break below: SHORT
$MSTR is approaching a double bottom and printing a doji candle on the daily time frame. A visit to the trendline is very likely.
NOT A FINANCIAL ADVISE
Hello, welcome to this Type of 5 Most Powerful Single Candlestick Patterns
I have tried to bring the best possible outcome to this Candlestick Patterns update
Type of 5 Candlestick Patterns:-
1) Doji:-Considered to be one of the most important single candlestick patterns, the Doji can give you an insight into the market sentiment. Dojis are said to be formed...
