This Gravestone doji seems to support the theory expressed in my previous post that more than 7 green candles in a row on the weekly chart is unlikely and there will be a bearish trend reversal.
Gravestone Doji on the NDX daily = trend reversal. We should be heading back down, now that we've run out of good news.
#DIA closed April with a small Doji. A Doji indicates a state of market indecision and sometimes it foretells a reversal of the trend. Which one is it?
As you see , the two Doji candles that forms in daily chart , it might the sign of trend change and enter to a correction , and we might have 2 or 3 days in bearish trend . What do you think of this ??!
Sunpharma making series of doji at resistance... Clearly short setup.
The Dow Jones Industrial Average opened at $23,690 and closed at $23,719 today for a $285(+1.22%) gain. Price created a doji candle at the 50% Fibonacci retracement level which represents trader indecision at a critical Fib level. A doji candle is where price closes at, or near, the level it opened at with very small upper and lower wicks and resembles a "+"...
Hi traders, keep your eyes on Litecoin. Watch for sell if the price will break to the downside strongly.
Looking more longterm on the 4 hourly candles we can see that we formed a doji candle indicating short term directional change within the market. We just recently touched a MAJOR resistance point of the market around the area of 5600, which ultimately could create a nice looking double top. Watch closely how the 4 hourly candle plays out because this was a huge...
The weekly S&P 500 chart shows a pattern that is similar to one seen in October of 2018 just before price lost -15% after a trendline break. Both instances saw price rising with bullish momentum-indicated by green price candles-and then a break of their uptrend support line. Both broke their uptrend support line with a significant weekly decline where price lost...
There was a quite Doji rejection on 4H With Buyers been sceptical on their decision to move the market further Due to NFP, tomorrow Dollar will push downward to the proven Support Wait for another reversal confirmation candle that signifies bearish movement
#gold #gc1! – Gold has been trading in the upper end of its three-day range after selling off last week with other global markets, and the reversing back to the upside this week. Candle 1 shows the selloff back down to $1,560 last week. Candle 2 is a long-legged doji, or sign of indecisiveness in traders as they pushed price higher and lower during the course...
I am looking to take this pair to the downside, however, we are still very bullish, today is the first bearish day we have seen. 4HR - We have seen a previous Doji candle and then coming down to touch the double bottom, bouncing off support. I would like to see this close below support, test as resistance to then take the short. Keeping in mind that we do also...
The highlighted 1 spot is looking like trouble. The only bright spot for the bulls is the highlighted 2 section where prior to the last bull run we saw a solid red candle before blasting off. If we don't see bullish continuation in March or April, XRP could be heading a lot lower. Who knows? Good luck.
GBPAUD LONG Overall TP - 120 Pips I have highlighted three areas on interest where either bullish engulfing candle was formed or morning star doji candle. Price is currently entering low consolidation. I believe we will soon see some bullish movement.
several buy signals on EURUSD: 1.08900 support line 1.08700 monthly S2 pivot RSI divergence and over sold MACD divergence and loosing power ( High bull volume yesterday when price reached 1.08900 that caused a dodgy candle on daily time frame ) watch for the best entry point in lower time frames feel free to share your opinion, thanks for reading
Should see GBPAUD come down for an overall of 163 pips. I like the evening star formed on the 4 hour time frame near resistance. This closed below the previous low high that is highlighted in the eclipse. This is a nice lower high formation that I think will continue down.
BTC first more significant correction/wick bellow 10250$. So far forming a hammer doji , but we need more information before confirming/assuming a more positive directing. The situation can easily turn and the hammer doji can transform into a hanging man pattern quite easily. So far staying neural to moderately bullish. Remember not to over leverage your trades...